FUGU: what changed
Two financial years side by side, explained: what moved most in the balance sheet and the result, why the result rose or fell, and where the money went.
FUGU
Largest movements
- Cash +€4,578
up €4,578 (+43.9%), from €10,430 to €15,007
mainly Trade debts (+€16,704) and Depreciation (+€4,320)
- Tangible fixed assets -€4,320
down €4,320 (-59.6%), from €7,251 to €2,931
- Receivables within one year -€804
down €804 (-44.7%), from €1,800 to €996
of which Other amounts receivable: -€764
- Trade debts +€16,704
up €16,704 (+1,707%), from €978 to €17,683
- Profit (loss) carried forward -€14,840
down €14,840 (-374%), from -€3,969 to -€18,810
- Other debts -€1,792
down €1,792 (-13.6%), from €13,202 to €11,410
- Tax, wage and social debts -€745
down €745 (-100%), from €745 to €0
- Gross operating margin -€11,997
down €11,997, from €3,433 to -€8,565
- Depreciation -€726
down €726 (-14.4%), from €5,046 to €4,320
- Financial charges -€563
down €563 (-71.3%), from €789 to €226
- Other operating charges +€164
up €164 (+10.4%), from €1,566 to €1,730
From the 2024 result to the 2025 result
Each bar is the change in one income-statement line, as its effect on the result: higher costs pull it down, higher income lifts it.
Derived cash bridge
Derived from the 2024 and 2025 balance sheets and the 2025 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €20,404 | €19,730 | -€673 | -3.3% |
| Formation expenses | 20 | €0 | - | = | |
| Fixed assets | 21/28 | €7,251 | €2,931 | -€4,320 | -59.6% |
| Tangible fixed assets | 22/27 | €7,251 | €2,931 | -€4,320 | -59.6% |
| Furniture and vehicles | 24 | €7,251 | €2,931 | -€4,320 | -59.6% |
| Current assets | 29/58 | €13,152 | €16,799 | +€3,647 | +27.7% |
| Amounts receivable within one year | 40/41 | €1,800 | €996 | -€804 | -44.7% |
| Trade receivables | 40 | €41 | €0 | -€41 | -100% |
| Other amounts receivable | 41 | €1,759 | €996 | -€764 | -43.4% |
| Cash at bank and in hand | 54/58 | €10,430 | €15,007 | +€4,578 | +43.9% |
| Deferred charges and accrued income | 490/1 | €923 | €796 | -€127 | -13.7% |
| Total equity and liabilities | 10/49 | €20,404 | €19,730 | -€673 | -3.3% |
| Equity | 10/15 | €5,478 | -€9,362 | -€14,840 | |
| Contributions | 10/11 | €7,000 | €7,000 | = | 0.0% |
| Reserves | 13 | €2,447 | €2,447 | = | 0.0% |
| Distributable reserves | 133 | €2,447 | €2,447 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€3,969 | -€18,810 | -€14,840 | -374% |
| Amounts payable | 17/49 | €14,926 | €29,093 | +€14,167 | +94.9% |
| Amounts payable within one year | 42/48 | €14,926 | €29,093 | +€14,167 | +94.9% |
| Trade debts | 44 | €978 | €17,683 | +€16,704 | +1,707% |
| Suppliers | 440/4 | €978 | €17,683 | +€16,704 | +1,707% |
| Taxes, remuneration and social security | 45 | €745 | €0 | -€745 | -100% |
| Taxes | 450/3 | €745 | €0 | -€745 | -100% |
| Other amounts payable | 47/48 | €13,202 | €11,410 | -€1,792 | -13.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,046 | €4,320 | -€726 | -14.4% |
| Other operating charges | 640/8 | €1,566 | €1,730 | +€164 | +10.4% |
| Gross operating margin | 9900 | €3,433 | -€8,565 | -€11,997 | |
| Operating profit (loss) | 9901 | -€3,180 | -€14,615 | -€11,435 | -360% |
| Financial income | 75/76B | €0 | €1 | +€1 | |
| Recurring financial income | 75 | €0 | €1 | +€1 | |
| Financial charges | 65/66B | €789 | €226 | -€563 | -71.3% |
| Recurring financial charges | 65 | €789 | €226 | -€563 | -71.3% |
| Profit (loss) for the period before taxes | 9903 | -€3,969 | -€14,840 | -€10,871 | -274% |
| Income taxes | 67/77 | €0 | - | = | |
| Profit (loss) for the period | 9904 | -€3,969 | -€14,840 | -€10,871 | -274% |
| Profit (loss) for the period to be appropriated | 9905 | -€3,969 | -€14,840 | -€10,871 | -274% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 13 October 2026 via checked.be.