FULGA: what changed
Two fiscal 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.
FULGA
Largest movements
- Cash +€38,693
up €38,693 (+236.9%), from €16,336 to €55,030
mainly Net result for the year (+€36,052) and Accrued charges and deferred income (+€11,741)
- Tangible fixed assets -€9,477
down €9,477 (-10.3%), from €92,191 to €82,714
- Profit (loss) carried forward +€36,052
up €36,052 (+1477.1%), from €2,441 to €38,493
- Trade debts -€14,214
down €14,214 (-99.1%), from €14,350 to €136
- Debts after one year -€13,310
down €13,310 (-16.2%), from €82,086 to €68,776
- Accrued charges and deferred income +€11,741
up €11,741 (+851.8%), from €1,378 to €13,119
- Tax, wage and social debts +€9,150
up €9,150 (+1018.5%), from €898 to €10,049
- Gross operating margin +€51,387
up €51,387 (+617.3%), from €8,324 to €59,711
- Taxes +€9,150
up €9,150 (+1018.5%), from €898 to €10,049
- Depreciation +€7,059
up €7,059 (+257.0%), from €2,747 to €9,806
- Financial charges +€1,616
up €1,616 (+73.9%), from €2,187 to €3,803
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 | €121,444 | €151,383 | +€29,939 | +24.7% |
| Fixed assets | 21/28 | €93,668 | €83,862 | -€9,806 | -10.5% |
| Intangible fixed assets | 21 | €1,477 | €1,148 | -€329 | -22.3% |
| Tangible fixed assets | 22/27 | €92,191 | €82,714 | -€9,477 | -10.3% |
| Plant, machinery and equipment | 23 | €92,191 | €82,714 | -€9,477 | -10.3% |
| Current assets | 29/58 | €27,776 | €67,521 | +€39,745 | +143.1% |
| Amounts receivable within one year | 40/41 | €73 | €1,125 | +€1,052 | +1432.2% |
| Other amounts receivable | 41 | €73 | €1,125 | +€1,052 | +1432.2% |
| Cash at bank and in hand | 54/58 | €16,336 | €55,030 | +€38,693 | +236.9% |
| Deferred charges and accrued income | 490/1 | €11,366 | €11,366 | = | 0.0% |
| Total equity and liabilities | 10/49 | €121,444 | €151,383 | +€29,939 | +24.7% |
| Equity | 10/15 | €9,941 | €45,993 | +€36,052 | +362.7% |
| Contributions | 10/11 | €7,500 | €7,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €2,441 | €38,493 | +€36,052 | +1477.1% |
| Amounts payable | 17/49 | €111,503 | €105,390 | -€6,113 | -5.5% |
| Amounts payable after more than one year | 17 | €82,086 | €68,776 | -€13,310 | -16.2% |
| Financial debts | 170/4 | €82,086 | €68,776 | -€13,310 | -16.2% |
| Amounts payable within one year | 42/48 | €28,039 | €23,495 | -€4,545 | -16.2% |
| Current portion of amounts payable after more than one year | 42 | €12,757 | €13,310 | +€553 | +4.3% |
| Trade debts | 44 | €14,350 | €136 | -€14,214 | -99.1% |
| Suppliers | 440/4 | €14,350 | €136 | -€14,214 | -99.1% |
| Taxes, remuneration and social security | 45 | €898 | €10,049 | +€9,150 | +1018.5% |
| Taxes | 450/3 | €898 | €10,049 | +€9,150 | +1018.5% |
| Other amounts payable | 47/48 | €34 | - | -€34 | |
| Accrued charges and deferred income | 492/3 | €1,378 | €13,119 | +€11,741 | +851.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,747 | €9,806 | +€7,059 | +257.0% |
| Other operating charges | 640/8 | €50 | - | -€50 | |
| Gross operating margin | 9900 | €8,324 | €59,711 | +€51,387 | +617.3% |
| Operating profit (loss) | 9901 | €5,527 | €49,905 | +€44,378 | +803.0% |
| Financial charges | 65/66B | €2,187 | €3,803 | +€1,616 | +73.9% |
| Recurring financial charges | 65 | €2,187 | €3,803 | +€1,616 | +73.9% |
| Profit (loss) for the period before taxes | 9903 | €3,339 | €46,101 | +€42,762 | +1280.6% |
| Income taxes | 67/77 | €898 | €10,049 | +€9,150 | +1018.5% |
| Profit (loss) for the period | 9904 | €2,441 | €36,052 | +€33,612 | +1377.1% |
| Profit (loss) for the period to be appropriated | 9905 | €2,441 | €36,052 | +€33,612 | +1377.1% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 5 October 2026 via checked.be.