FULAX: 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.
FULAX
Largest movements
- Tangible fixed assets -€28,263
down €28,263 (-8.4%), from €337,036 to €308,773
- Cash +€25,249
up €25,249 (+14.7%), from €171,307 to €196,556
mainly Depreciation (+€28,263) and Net result for the year (+€26,706)
- Reserves +€26,706
up €26,706 (+13.9%), from €191,480 to €218,185
- Debts after one year -€22,200
down €22,200 (-15.9%), from €139,562 to €117,363
- Tax, wage and social debts -€10,879
down €10,879 (-68.4%), from €15,906 to €5,027
- Gross operating margin +€1,271
up €1,271 (+1.6%), from €80,077 to €81,348
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.
Cash bridge derived
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 | €526,336 | €521,578 | -€4,757 | -0.9% |
| Fixed assets | 21/28 | €337,036 | €308,773 | -€28,263 | -8.4% |
| Tangible fixed assets | 22/27 | €337,036 | €308,773 | -€28,263 | -8.4% |
| Land and buildings | 22 | €337,036 | €308,773 | -€28,263 | -8.4% |
| Current assets | 29/58 | €189,300 | €212,805 | +€23,505 | +12.4% |
| Amounts receivable after more than one year | 29 | €19 | - | -€19 | |
| Other amounts receivable | 291 | €19 | - | -€19 | |
| Amounts receivable within one year | 40/41 | €16,746 | €14,976 | -€1,771 | -10.6% |
| Trade receivables | 40 | €726 | - | -€726 | |
| Other amounts receivable | 41 | €16,020 | €14,976 | -€1,045 | -6.5% |
| Cash at bank and in hand | 54/58 | €171,307 | €196,556 | +€25,249 | +14.7% |
| Deferred charges and accrued income | 490/1 | €1,228 | €1,274 | +€46 | +3.7% |
| Total equity and liabilities | 10/49 | €526,336 | €521,578 | -€4,757 | -0.9% |
| Equity | 10/15 | €219,815 | €246,520 | +€26,706 | +12.1% |
| Contributions | 10/11 | €18,550 | €18,550 | = | 0.0% |
| Reserves | 13 | €191,480 | €218,185 | +€26,706 | +13.9% |
| Distributable reserves | 133 | €191,480 | €218,185 | +€26,706 | +13.9% |
| Profit (loss) carried forward | 14 | €9,785 | €9,785 | = | 0.0% |
| Amounts payable | 17/49 | €306,521 | €275,058 | -€31,463 | -10.3% |
| Amounts payable after more than one year | 17 | €139,562 | €117,363 | -€22,200 | -15.9% |
| Financial debts | 170/4 | €139,562 | €117,363 | -€22,200 | -15.9% |
| Amounts payable within one year | 42/48 | €166,958 | €157,695 | -€9,263 | -5.5% |
| Current portion of amounts payable after more than one year | 42 | €21,793 | €22,200 | +€406 | +1.9% |
| Trade debts | 44 | - | €454 | +€454 | |
| Suppliers | 440/4 | - | €454 | +€454 | |
| Taxes, remuneration and social security | 45 | €15,906 | €5,027 | -€10,879 | -68.4% |
| Taxes | 450/3 | €15,906 | €5,027 | -€10,879 | -68.4% |
| Other amounts payable | 47/48 | €129,259 | €130,015 | +€756 | +0.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €28,709 | €28,263 | -€446 | -1.6% |
| Other operating charges | 640/8 | €1,259 | €1,405 | +€146 | +11.6% |
| Gross operating margin | 9900 | €80,077 | €81,348 | +€1,271 | +1.6% |
| Operating profit (loss) | 9901 | €50,110 | €51,680 | +€1,571 | +3.1% |
| Financial income | 75/76B | €257 | €183 | -€74 | -28.7% |
| Recurring financial income | 75 | €257 | €183 | -€74 | -28.7% |
| Financial charges | 65/66B | €12,139 | €12,695 | +€556 | +4.6% |
| Recurring financial charges | 65 | €12,139 | €12,695 | +€556 | +4.6% |
| Profit (loss) for the period before taxes | 9903 | €38,227 | €39,168 | +€941 | +2.5% |
| Income taxes | 67/77 | €12,199 | €12,463 | +€264 | +2.2% |
| Profit (loss) for the period | 9904 | €26,028 | €26,706 | +€677 | +2.6% |
| Profit (loss) for the period to be appropriated | 9905 | €26,028 | €26,706 | +€677 | +2.6% |
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 11 October 2026 via checked.be.