FULGER: what changed
FULGER
Largest movements
- Cash +€4,506
up €4,506 (+39.1%), from €11,523 to €16,029
mainly Receivables within one year (+€3,921) and Trade debts (+€1,146)
- Receivables within one year -€3,921
down €3,921 (-27.9%), from €14,048 to €10,127
of which Trade receivables: -€2,791
- Deferred charges and accrued income +€454
new in 2025: €454
- Tangible fixed assets -€386
no longer reported in 2025 (was €386)
- Other debts -€1,299
down €1,299 (-43.7%), from €2,977 to €1,677
- Trade debts +€1,146
up €1,146 (+10.8%), from €10,573 to €11,719
of which Suppliers: +€4,656
- Profit (loss) carried forward +€670
up €670 (+6.9%), from -€9,709 to -€9,038
- Gross operating margin -€10,343
down €10,343 (-80.2%), from €12,890 to €2,547
- Financial charges -€555
down €555 (-40.8%), from €1,359 to €804
- Taxes +€135
up €135 (+433%), from €31 to €166
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €25,957 | €26,609 | +€652 | +2.5% |
| Fixed assets | 21/28 | €386 | - | -€386 | |
| Tangible fixed assets | 22/27 | €386 | - | -€386 | |
| Furniture and vehicles | 24 | €386 | - | -€386 | |
| Current assets | 29/58 | €25,571 | €26,609 | +€1,038 | +4.1% |
| Amounts receivable within one year | 40/41 | €14,048 | €10,127 | -€3,921 | -27.9% |
| Trade receivables | 40 | €10,776 | €7,985 | -€2,791 | -25.9% |
| Other amounts receivable | 41 | €3,272 | €2,142 | -€1,130 | -34.5% |
| Cash at bank and in hand | 54/58 | €11,523 | €16,029 | +€4,506 | +39.1% |
| Deferred charges and accrued income | 490/1 | - | €454 | +€454 | |
| Total equity and liabilities | 10/49 | €25,957 | €26,609 | +€652 | +2.5% |
| Equity | 10/15 | €12,291 | €12,962 | +€670 | +5.5% |
| Contributions | 10/11 | €6,000 | €6,000 | = | 0.0% |
| Reserves | 13 | €16,000 | €16,000 | = | 0.0% |
| Non-distributable reserves | 130/1 | €16,000 | €16,000 | = | 0.0% |
| Other | 1319 | €16,000 | €16,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€9,709 | -€9,038 | +€670 | +6.9% |
| Amounts payable | 17/49 | €13,666 | €13,648 | -€18 | -0.1% |
| Amounts payable within one year | 42/48 | €13,666 | €13,648 | -€18 | -0.1% |
| Trade debts | 44 | €10,573 | €11,719 | +€1,146 | +10.8% |
| Suppliers | 440/4 | €3,695 | €8,351 | +€4,656 | +126% |
| Bills of exchange payable | 441 | €6,878 | €3,368 | -€3,510 | -51.0% |
| Taxes, remuneration and social security | 45 | €116 | €251 | +€135 | +116% |
| Taxes | 450/3 | €116 | €251 | +€135 | +116% |
| Other amounts payable | 47/48 | €2,977 | €1,677 | -€1,299 | -43.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €386 | €386 | +€0 | 0.0% |
| Other operating charges | 640/8 | €464 | €521 | +€57 | +12.3% |
| Gross operating margin | 9900 | €12,890 | €2,547 | -€10,343 | -80.2% |
| Operating profit (loss) | 9901 | €12,041 | €1,640 | -€10,400 | -86.4% |
| Financial charges | 65/66B | €1,359 | €804 | -€555 | -40.8% |
| Recurring financial charges | 65 | €1,359 | €804 | -€555 | -40.8% |
| Profit (loss) for the period before taxes | 9903 | €10,682 | €837 | -€9,845 | -92.2% |
| Income taxes | 67/77 | €31 | €166 | +€135 | +433% |
| Profit (loss) for the period | 9904 | €10,651 | €670 | -€9,980 | -93.7% |
| Profit (loss) for the period to be appropriated | 9905 | €10,651 | €670 | -€9,980 | -93.7% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 August 2024 and 31 August 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 5 November 2026 via checked.be.