FULGENS: 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.
FULGENS
Largest movements
- Cash +€39,679
up €39,679 (+20.4%), from €194,554 to €234,233
mainly Net result for the year (+€59,760) and Tax, wage and social debts (+€4,942)
- Reserves +€57,760
up €57,760 (+43.9%), from €131,487 to €189,247
- Other debts -€20,079
down €20,079 (-86.9%), from €23,107 to €3,029
- Tax, wage and social debts +€4,942
up €4,942 (+78.3%), from €6,308 to €11,250
of which Remuneration and social security: +€5,946
- Gross operating margin +€36,602
up €36,602 (+35.5%), from €103,166 to €139,768
- Staff costs +€13,942
up €13,942 (+31.2%), from €44,719 to €58,661
- Taxes +€7,683
up €7,683 (+48.4%), from €15,864 to €23,546
- Financial income +€1,900
up €1,900 (+88.1%), from €2,156 to €4,056
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 | €197,034 | €238,931 | +€41,897 | +21.3% |
| Fixed assets | 21/28 | €1,131 | €1,191 | +€60 | +5.3% |
| Tangible fixed assets | 22/27 | €968 | €1,191 | +€223 | +23.0% |
| Plant, machinery and equipment | 23 | €913 | €1,191 | +€278 | +30.5% |
| Furniture and vehicles | 24 | €56 | €0 | -€56 | -100% |
| Financial fixed assets | 28 | €163 | €0 | -€163 | -100% |
| Current assets | 29/58 | €195,903 | €237,740 | +€41,836 | +21.4% |
| Amounts receivable within one year | 40/41 | €633 | €2,936 | +€2,303 | +364% |
| Trade receivables | 40 | €181 | €0 | -€181 | -100% |
| Other amounts receivable | 41 | €452 | €2,936 | +€2,484 | +550% |
| Cash at bank and in hand | 54/58 | €194,554 | €234,233 | +€39,679 | +20.4% |
| Deferred charges and accrued income | 490/1 | €717 | €571 | -€146 | -20.4% |
| Total equity and liabilities | 10/49 | €197,034 | €238,931 | +€41,897 | +21.3% |
| Equity | 10/15 | €166,468 | €224,228 | +€57,760 | +34.7% |
| Contributions | 10/11 | €8,000 | €8,000 | = | 0.0% |
| Reserves | 13 | €131,487 | €189,247 | +€57,760 | +43.9% |
| Distributable reserves | 133 | €131,487 | €189,247 | +€57,760 | +43.9% |
| Profit (loss) carried forward | 14 | €26,981 | €26,981 | = | 0.0% |
| Amounts payable | 17/49 | €30,566 | €14,703 | -€15,864 | -51.9% |
| Amounts payable within one year | 42/48 | €30,110 | €14,279 | -€15,831 | -52.6% |
| Trade debts | 44 | €695 | - | -€695 | |
| Suppliers | 440/4 | €695 | - | -€695 | |
| Taxes, remuneration and social security | 45 | €6,308 | €11,250 | +€4,942 | +78.3% |
| Taxes | 450/3 | €1,909 | €905 | -€1,004 | -52.6% |
| Remuneration and social security | 454/9 | €4,399 | €10,345 | +€5,946 | +135% |
| Other amounts payable | 47/48 | €23,107 | €3,029 | -€20,079 | -86.9% |
| Accrued charges and deferred income | 492/3 | €456 | €424 | -€32 | -7.0% |
| Non-recurring operating income | 76A | - | €42 | +€42 | |
| Remuneration, social security and pensions | 62 | €44,719 | €58,661 | +€13,942 | +31.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,125 | €1,329 | +€204 | +18.2% |
| Other operating charges | 640/8 | €617 | €352 | -€266 | -43.1% |
| Gross operating margin | 9900 | €103,166 | €139,768 | +€36,602 | +35.5% |
| Operating profit (loss) | 9901 | €56,705 | €79,426 | +€22,722 | +40.1% |
| Financial income | 75/76B | €2,156 | €4,056 | +€1,900 | +88.1% |
| Recurring financial income | 75 | €2,156 | €4,056 | +€1,900 | +88.1% |
| Financial charges | 65/66B | €67 | €176 | +€109 | +164% |
| Recurring financial charges | 65 | €67 | €176 | +€109 | +164% |
| Profit (loss) for the period before taxes | 9903 | €58,795 | €83,307 | +€24,512 | +41.7% |
| Income taxes | 67/77 | €15,864 | €23,546 | +€7,683 | +48.4% |
| Profit (loss) for the period | 9904 | €42,931 | €59,760 | +€16,829 | +39.2% |
| Profit (loss) for the period to be appropriated | 9905 | €42,931 | €59,760 | +€16,829 | +39.2% |
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 15 October 2026 via checked.be.