FULA: 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.
FULA
Largest movements
- Tangible fixed assets +€20,824
up €20,824 (+24.7%), from €84,268 to €105,093
of which Land and buildings: +€20,875
- Cash -€20,447
down €20,447 (-35.5%), from €57,677 to €37,230
mainly Investment in fixed assets (net) (-€23,854) and Trade debts (-€2,571)
- Receivables within one year +€1,648
up €1,648 (+16.1%), from €10,215 to €11,863
of which Other amounts receivable: +€2,810
- Reserves +€2,989
up €2,989 (+2.4%), from €126,681 to €129,670
of which Distributable reserves: +€2,989
- Trade debts -€2,571
down €2,571 (-23.5%), from €10,942 to €8,371
- Gross operating margin -€12,489
down €12,489 (-57.4%), from €21,777 to €9,288
- Financial income +€674
up €674 (+91.9%), from €734 to €1,409
- Other operating charges +€222
up €222 (+9.9%), from €2,232 to €2,454
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 | €156,399 | €157,723 | +€1,324 | +0.8% |
| Fixed assets | 21/28 | €86,156 | €106,981 | +€20,824 | +24.2% |
| Tangible fixed assets | 22/27 | €84,268 | €105,093 | +€20,824 | +24.7% |
| Land and buildings | 22 | €84,166 | €105,042 | +€20,875 | +24.8% |
| Plant, machinery and equipment | 23 | €0 | €0 | = | |
| Furniture and vehicles | 24 | €102 | €51 | -€51 | -50.0% |
| Financial fixed assets | 28 | €1,888 | €1,888 | = | 0.0% |
| Current assets | 29/58 | €70,243 | €50,742 | -€19,501 | -27.8% |
| Amounts receivable within one year | 40/41 | €10,215 | €11,863 | +€1,648 | +16.1% |
| Trade receivables | 40 | €4,143 | €2,980 | -€1,163 | -28.1% |
| Other amounts receivable | 41 | €6,072 | €8,882 | +€2,810 | +46.3% |
| Cash at bank and in hand | 54/58 | €57,677 | €37,230 | -€20,447 | -35.5% |
| Deferred charges and accrued income | 490/1 | €2,351 | €1,650 | -€701 | -29.8% |
| Total equity and liabilities | 10/49 | €156,399 | €157,723 | +€1,324 | +0.8% |
| Equity | 10/15 | €145,281 | €148,270 | +€2,989 | +2.1% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €126,681 | €129,670 | +€2,989 | +2.4% |
| Non-distributable reserves | 130/1 | €4,338 | €4,338 | = | 0.0% |
| Reserves not available under the articles | 1311 | €4,338 | €4,338 | = | 0.0% |
| Tax-exempt reserves | 132 | €10,000 | €10,000 | = | 0.0% |
| Distributable reserves | 133 | €112,343 | €115,332 | +€2,989 | +2.7% |
| Amounts payable | 17/49 | €11,118 | €9,453 | -€1,665 | -15.0% |
| Amounts payable within one year | 42/48 | €11,118 | €9,453 | -€1,665 | -15.0% |
| Trade debts | 44 | €10,942 | €8,371 | -€2,571 | -23.5% |
| Suppliers | 440/4 | €10,942 | €8,371 | -€2,571 | -23.5% |
| Taxes, remuneration and social security | 45 | €176 | €1,082 | +€906 | +515% |
| Taxes | 450/3 | €176 | €1,082 | +€906 | +515% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,030 | €3,030 | = | 0.0% |
| Other operating charges | 640/8 | €2,232 | €2,454 | +€222 | +9.9% |
| Gross operating margin | 9900 | €21,777 | €9,288 | -€12,489 | -57.4% |
| Operating profit (loss) | 9901 | €16,515 | €3,804 | -€12,711 | -77.0% |
| Financial income | 75/76B | €734 | €1,409 | +€674 | +91.9% |
| Recurring financial income | 75 | €734 | €1,409 | +€674 | +91.9% |
| Financial charges | 65/66B | €73 | €22 | -€50 | -69.4% |
| Recurring financial charges | 65 | €73 | €22 | -€50 | -69.4% |
| Profit (loss) for the period before taxes | 9903 | €17,177 | €5,190 | -€11,987 | -69.8% |
| Income taxes | 67/77 | €0 | €202 | +€202 | |
| Profit (loss) for the period | 9904 | €17,177 | €4,989 | -€12,188 | -71.0% |
| Profit (loss) for the period to be appropriated | 9905 | €17,177 | €4,989 | -€12,188 | -71.0% |
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 27 October 2026 via checked.be.