FUK LOI: 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.
FUK LOI
Largest movements
- Cash +€27,752
up €27,752 (+35.5%), from €78,142 to €105,894
mainly Net result for the year (+€63,706) and Depreciation (+€32,690)
- Receivables within one year +€11,731
up €11,731 (+17.1%), from €68,561 to €80,292
of which Trade receivables: +€6,054
- Deferred charges and accrued income -€5,630
down €5,630 (-90.1%), from €6,247 to €617
- Stocks and contracts +€3,457
new in 2025: €3,457
- Profit (loss) carried forward +€32,811
up €32,811 (+2,532%), from €1,296 to €34,107
- Tax, wage and social debts +€22,051
up €22,051 (+37.7%), from €58,555 to €80,606
of which Taxes: +€19,296
- Reserves +€21,895
up €21,895 (+24.3%), from €89,965 to €111,860
of which Distributable reserves: +€51,000
- Trade debts -€19,820
no longer reported in 2025 (was €19,820)
- Debts after one year -€12,724
down €12,724 (-78.8%), from €16,148 to €3,424
- Purchases and services +€3.9m
up €3.9m (+922%), from €424,663 to €4.3m
- Gross operating margin +€39,159
up €39,159 (+31.7%), from €123,583 to €162,742
- Taxes +€10,594
up €10,594 (+41.2%), from €25,731 to €36,325
- Staff costs +€7,286
up €7,286 (+51.8%), from €14,071 to €21,357
- Depreciation +€6,595
up €6,595 (+25.3%), from €26,095 to €32,690
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 | €223,348 | €262,450 | +€39,102 | +17.5% |
| Fixed assets | 21/28 | €70,397 | €72,189 | +€1,792 | +2.5% |
| Tangible fixed assets | 22/27 | €64,397 | €66,189 | +€1,792 | +2.8% |
| Plant, machinery and equipment | 23 | €7,055 | €4,128 | -€2,928 | -41.5% |
| Furniture and vehicles | 24 | €54,911 | €60,694 | +€5,783 | +10.5% |
| Other tangible fixed assets | 26 | €2,431 | €1,368 | -€1,064 | -43.7% |
| Financial fixed assets | 28 | €6,000 | €6,000 | = | 0.0% |
| Current assets | 29/58 | €152,950 | €190,260 | +€37,310 | +24.4% |
| Stocks and contracts in progress | 3 | - | €3,457 | +€3,457 | |
| Stocks | 30/36 | - | €3,457 | +€3,457 | |
| Amounts receivable within one year | 40/41 | €68,561 | €80,292 | +€11,731 | +17.1% |
| Trade receivables | 40 | €44,376 | €50,429 | +€6,054 | +13.6% |
| Other amounts receivable | 41 | €24,185 | €29,862 | +€5,677 | +23.5% |
| Cash at bank and in hand | 54/58 | €78,142 | €105,894 | +€27,752 | +35.5% |
| Deferred charges and accrued income | 490/1 | €6,247 | €617 | -€5,630 | -90.1% |
| Total equity and liabilities | 10/49 | €223,348 | €262,450 | +€39,102 | +17.5% |
| Equity | 10/15 | €109,861 | €164,567 | +€54,706 | +49.8% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €89,965 | €111,860 | +€21,895 | +24.3% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Tax-exempt reserves | 132 | €29,105 | - | -€29,105 | |
| Distributable reserves | 133 | €59,000 | €110,000 | +€51,000 | +86.4% |
| Profit (loss) carried forward | 14 | €1,296 | €34,107 | +€32,811 | +2,532% |
| Amounts payable | 17/49 | €113,487 | €97,883 | -€15,604 | -13.7% |
| Amounts payable after more than one year | 17 | €16,148 | €3,424 | -€12,724 | -78.8% |
| Financial debts | 170/4 | €16,148 | €3,424 | -€12,724 | -78.8% |
| Amounts payable within one year | 42/48 | €97,338 | €94,459 | -€2,880 | -3.0% |
| Current portion of amounts payable after more than one year | 42 | €14,213 | €10,053 | -€4,160 | -29.3% |
| Trade debts | 44 | €19,820 | - | -€19,820 | |
| Suppliers | 440/4 | €19,820 | - | -€19,820 | |
| Taxes, remuneration and social security | 45 | €58,555 | €80,606 | +€22,051 | +37.7% |
| Taxes | 450/3 | €45,769 | €65,065 | +€19,296 | +42.2% |
| Remuneration and social security | 454/9 | €12,786 | €15,540 | +€2,754 | +21.5% |
| Other amounts payable | 47/48 | €4,750 | €3,800 | -€950 | -20.0% |
| Goods, raw materials, services and sundry goods | 60/61 | €424,663 | €4,341,079 | +€3.9m | +922% |
| Remuneration, social security and pensions | 62 | €14,071 | €21,357 | +€7,286 | +51.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €26,095 | €32,690 | +€6,595 | +25.3% |
| Other operating charges | 640/8 | €2,401 | €7,457 | +€5,056 | +211% |
| Gross operating margin | 9900 | €123,583 | €162,742 | +€39,159 | +31.7% |
| Operating profit (loss) | 9901 | €81,016 | €101,238 | +€20,222 | +25.0% |
| Financial charges | 65/66B | €3,262 | €1,207 | -€2,055 | -63.0% |
| Recurring financial charges | 65 | €3,262 | €1,207 | -€2,055 | -63.0% |
| Profit (loss) for the period before taxes | 9903 | €77,754 | €100,031 | +€22,277 | +28.7% |
| Income taxes | 67/77 | €25,731 | €36,325 | +€10,594 | +41.2% |
| Profit (loss) for the period | 9904 | €52,023 | €63,706 | +€11,683 | +22.5% |
| Transfer from tax-exempt reserves | 789 | - | €29,105 | +€29,105 | |
| Transfer to tax-exempt reserves | 689 | - | €29,105 | +€29,105 | |
| Profit (loss) for the period to be appropriated | 9905 | €52,023 | €63,706 | +€11,683 | +22.5% |
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 26 October 2026 via checked.be.