FULGOR IMMO: 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.
FULGOR IMMO
Largest movements
- Deferred charges and accrued income +€702,465
up €702,465 (+605.2%), from €116,064 to €818,529
- Tangible fixed assets -€594,757
down €594,757 (-12.3%), from €4.8m to €4.2m
of which Land and buildings: -€666,945
- Stocks and contracts +€192,103
up €192,103 (+5.9%), from €3.2m to €3.4m
- Debts after one year +€686,159
up €686,159 (+8.6%), from €8.0m to €8.7m
of which Financial debts: +€661,797
- Trade debts -€248,828
down €248,828 (-75.7%), from €328,519 to €79,691
- Gross operating margin +€129,670
up €129,670 (+16.1%), from €803,624 to €933,294
- Financial charges +€93,611
up €93,611 (+17.1%), from €548,182 to €641,793
- Other operating charges -€62,076
down €62,076 (-47.5%), from €130,713 to €68,637
- Depreciation +€49,909
up €49,909 (+40.3%), from €123,847 to €173,756
- Taxes +€13,159
up €13,159 (+5909.3%), from €223 to €13,382
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €8,808,614 | €9,263,671 | +€455,057 | +5.2% |
| Fixed assets | 21/28 | €4,828,840 | €4,234,083 | -€594,757 | -12.3% |
| Tangible fixed assets | 22/27 | €4,828,840 | €4,234,083 | -€594,757 | -12.3% |
| Land and buildings | 22 | €4,324,084 | €3,657,138 | -€666,945 | -15.4% |
| Plant, machinery and equipment | 23 | €489,532 | €573,520 | +€83,988 | +17.2% |
| Furniture and vehicles | 24 | €15,225 | €3,425 | -€11,800 | -77.5% |
| Current assets | 29/58 | €3,979,774 | €5,029,587 | +€1.0m | +26.4% |
| Stocks and contracts in progress | 3 | €3,248,754 | €3,440,857 | +€192,103 | +5.9% |
| Stocks | 30/36 | €3,248,754 | €3,440,857 | +€192,103 | +5.9% |
| Amounts receivable within one year | 40/41 | €179,897 | €263,834 | +€83,936 | +46.7% |
| Trade receivables | 40 | €179,120 | €263,834 | +€84,714 | +47.3% |
| Other amounts receivable | 41 | €777 | - | -€777 | |
| Cash at bank and in hand | 54/58 | €435,059 | €506,368 | +€71,309 | +16.4% |
| Deferred charges and accrued income | 490/1 | €116,064 | €818,529 | +€702,465 | +605.2% |
| Total equity and liabilities | 10/49 | €8,808,614 | €9,263,671 | +€455,057 | +5.2% |
| Equity | 10/15 | €217,547 | €253,274 | +€35,727 | +16.4% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €6,200 | €6,200 | = | 0.0% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Profit (loss) carried forward | 14 | €149,347 | €185,074 | +€35,727 | +23.9% |
| Amounts payable | 17/49 | €8,591,067 | €9,010,397 | +€419,331 | +4.9% |
| Amounts payable after more than one year | 17 | €7,997,354 | €8,683,512 | +€686,159 | +8.6% |
| Financial debts | 170/4 | €7,963,474 | €8,625,270 | +€661,797 | +8.3% |
| Other amounts payable | 178/9 | €33,880 | €58,242 | +€24,362 | +71.9% |
| Amounts payable within one year | 42/48 | €569,563 | €301,503 | -€268,060 | -47.1% |
| Current portion of amounts payable after more than one year | 42 | €241,044 | €208,430 | -€32,615 | -13.5% |
| Trade debts | 44 | €328,519 | €79,691 | -€248,828 | -75.7% |
| Suppliers | 440/4 | €328,519 | €79,691 | -€248,828 | -75.7% |
| Taxes, remuneration and social security | 45 | - | €13,382 | +€13,382 | |
| Taxes | 450/3 | - | €13,382 | +€13,382 | |
| Accrued charges and deferred income | 492/3 | €24,150 | €25,382 | +€1,232 | +5.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €123,847 | €173,756 | +€49,909 | +40.3% |
| Other operating charges | 640/8 | €130,713 | €68,637 | -€62,076 | -47.5% |
| Gross operating margin | 9900 | €803,624 | €933,294 | +€129,670 | +16.1% |
| Operating profit (loss) | 9901 | €549,064 | €690,901 | +€141,837 | +25.8% |
| Financial income | 75/76B | €8 | €0 | -€8 | -97.7% |
| Recurring financial income | 75 | €8 | €0 | -€8 | -97.7% |
| Financial charges | 65/66B | €548,182 | €641,793 | +€93,611 | +17.1% |
| Recurring financial charges | 65 | €548,182 | €641,793 | +€93,611 | +17.1% |
| Profit (loss) for the period before taxes | 9903 | €891 | €49,109 | +€48,218 | +5413.1% |
| Income taxes | 67/77 | €223 | €13,382 | +€13,159 | +5909.3% |
| Profit (loss) for the period | 9904 | €668 | €35,727 | +€35,059 | +5247.7% |
| Profit (loss) for the period to be appropriated | 9905 | €668 | €35,727 | +€35,059 | +5247.7% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 30 September 2026 via checked.be.