Fuli: 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.
Fuli
Largest movements
- Receivables within one year -€121,580
down €121,580 (-90.7%), from €133,980 to €12,400
of which Trade receivables: -€92,080
- Cash +€33,398
up €33,398 (+74.6%), from €44,760 to €78,158
mainly Receivables within one year (+€121,580) and Net result for the year (+€96,689)
- Debts after one year -€207,674
down €207,674 (-18.2%), from €1.1m to €932,932
- Profit (loss) carried forward +€96,689
up €96,689 (+120%), from €80,803 to €177,492
- Tax, wage and social debts +€28,501
up €28,501 (+173%), from €16,465 to €44,966
of which Taxes: +€28,453
- Other debts -€21,897
no longer reported in 2025 (was €21,897)
- Other operating charges -€138,468
down €138,468 (-97.5%), from €142,083 to €3,615
- Gross operating margin +€67,348
up €67,348 (+57.8%), from €116,507 to €183,855
- Financial charges +€30,814
up €30,814 (+292%), from €10,567 to €41,381
- Depreciation +€21,994
up €21,994 (+462%), from €4,755 to €26,749
- Taxes +€15,202
up €15,202 (+6,914%), from €220 to €15,421
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 | €1,316,535 | €1,217,100 | -€99,435 | -7.6% |
| Fixed assets | 21/28 | €1,135,745 | €1,124,492 | -€11,253 | -1.0% |
| Tangible fixed assets | 22/27 | €1,135,745 | €1,124,492 | -€11,253 | -1.0% |
| Land and buildings | 22 | €1,135,745 | €1,124,492 | -€11,253 | -1.0% |
| Current assets | 29/58 | €180,790 | €92,608 | -€88,182 | -48.8% |
| Amounts receivable within one year | 40/41 | €133,980 | €12,400 | -€121,580 | -90.7% |
| Trade receivables | 40 | €104,200 | €12,120 | -€92,080 | -88.4% |
| Other amounts receivable | 41 | €29,780 | €280 | -€29,500 | -99.1% |
| Cash at bank and in hand | 54/58 | €44,760 | €78,158 | +€33,398 | +74.6% |
| Deferred charges and accrued income | 490/1 | €2,050 | €2,050 | = | 0.0% |
| Total equity and liabilities | 10/49 | €1,316,535 | €1,217,100 | -€99,435 | -7.6% |
| Equity | 10/15 | €90,803 | €187,492 | +€96,689 | +106% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €80,803 | €177,492 | +€96,689 | +120% |
| Amounts payable | 17/49 | €1,225,732 | €1,029,607 | -€196,124 | -16.0% |
| Amounts payable after more than one year | 17 | €1,140,607 | €932,932 | -€207,674 | -18.2% |
| Financial debts | 170/4 | €1,140,607 | €932,932 | -€207,674 | -18.2% |
| Amounts payable within one year | 42/48 | €82,088 | €96,675 | +€14,587 | +17.8% |
| Current portion of amounts payable after more than one year | 42 | €42,393 | €43,981 | +€1,588 | +3.7% |
| Trade debts | 44 | €1,334 | €7,728 | +€6,394 | +480% |
| Suppliers | 440/4 | €1,334 | €7,728 | +€6,394 | +480% |
| Taxes, remuneration and social security | 45 | €16,465 | €44,966 | +€28,501 | +173% |
| Taxes | 450/3 | €12,717 | €41,170 | +€28,453 | +224% |
| Remuneration and social security | 454/9 | €3,748 | €3,796 | +€48 | +1.3% |
| Other amounts payable | 47/48 | €21,897 | - | -€21,897 | |
| Accrued charges and deferred income | 492/3 | €3,037 | - | -€3,037 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,755 | €26,749 | +€21,994 | +462% |
| Other operating charges | 640/8 | €142,083 | €3,615 | -€138,468 | -97.5% |
| Gross operating margin | 9900 | €116,507 | €183,855 | +€67,348 | +57.8% |
| Operating profit (loss) | 9901 | -€30,331 | €153,491 | +€183,822 | |
| Financial income | 75/76B | - | €1 | +€1 | |
| Recurring financial income | 75 | - | €1 | +€1 | |
| Financial charges | 65/66B | €10,567 | €41,381 | +€30,814 | +292% |
| Recurring financial charges | 65 | €10,567 | €41,381 | +€30,814 | +292% |
| Profit (loss) for the period before taxes | 9903 | -€40,898 | €112,111 | +€153,008 | |
| Income taxes | 67/77 | €220 | €15,421 | +€15,202 | +6,914% |
| Profit (loss) for the period | 9904 | -€41,117 | €96,689 | +€137,807 | |
| Profit (loss) for the period to be appropriated | 9905 | -€41,117 | €96,689 | +€137,807 |
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 14 October 2026 via checked.be.