FULLAM BELGIUM: 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.
FULLAM BELGIUM
Largest movements
- Cash -€215,392
down €215,392 (-66.4%), from €324,263 to €108,871
- Receivables within one year -€118,846
down €118,846 (-21.2%), from €560,034 to €441,188
- Current investments +€97,351
up €97,351 (+592%), from €16,444 to €113,795
- Tangible fixed assets -€12,359
down €12,359 (-19.9%), from €62,160 to €49,801
- Profit (loss) carried forward -€186,413
down €186,413 (-27.2%), from €684,403 to €497,989
- Debts -€65,080
down €65,080 (-69.5%), from €93,707 to €28,627
- Gross operating margin -€70,893
down €70,893, from €38,503 to -€32,390
- Depreciation -€7,188
down €7,188 (-86.4%), from €8,322 to €1,134
From the 2019 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
A cash bridge needs two consecutive financial years: one year's result and depreciation cannot explain a change over several years. Pick two years that follow each other.
Every line side by side
| Line | Code | 2019 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €974,561 | €723,068 | -€251,493 | -25.8% |
| Fixed assets | 21/28 | €62,160 | €49,801 | -€12,359 | -19.9% |
| Tangible fixed assets | 22/27 | €62,160 | €49,801 | -€12,359 | -19.9% |
| Land and buildings | 22 | - | €49,801 | +€49,801 | |
| Current assets | 29/58 | €912,401 | €673,267 | -€239,134 | -26.2% |
| Stocks and contracts in progress | 3 | €11,661 | €9,411 | -€2,250 | -19.3% |
| Stocks | 30/36 | - | €9,411 | +€9,411 | |
| Amounts receivable within one year | 40/41 | €560,034 | €441,188 | -€118,846 | -21.2% |
| Trade receivables | 40 | - | €11,090 | +€11,090 | |
| Other amounts receivable | 41 | - | €430,097 | +€430,097 | |
| Current investments | 50/53 | €16,444 | €113,795 | +€97,351 | +592% |
| Cash at bank and in hand | 54/58 | €324,263 | €108,871 | -€215,392 | -66.4% |
| Deferred charges and accrued income | 490/1 | - | €3 | +€3 | |
| Total equity and liabilities | 10/49 | €974,561 | €723,068 | -€251,493 | -25.8% |
| Equity | 10/15 | €880,854 | €694,441 | -€186,413 | -21.2% |
| Contributions | 10/11 | €178,592 | €178,592 | = | 0.0% |
| Contributions outside capital | 11 | - | €178,592 | +€178,592 | |
| Other | 1109/19 | - | €178,592 | +€178,592 | |
| Reserves | 13 | €17,859 | €17,859 | = | 0.0% |
| Non-distributable reserves | 130/1 | - | €17,859 | +€17,859 | |
| Legal reserve | 130 | - | €17,859 | +€17,859 | |
| Profit (loss) carried forward | 14 | €684,403 | €497,989 | -€186,413 | -27.2% |
| Amounts payable | 17/49 | €93,707 | €28,627 | -€65,080 | -69.5% |
| Amounts payable within one year | 42/48 | €72,950 | €28,627 | -€44,322 | -60.8% |
| Trade debts | 44 | €50,925 | €24,952 | -€25,973 | -51.0% |
| Suppliers | 440/4 | - | €24,952 | +€24,952 | |
| Taxes, remuneration and social security | 45 | - | €27 | +€27 | |
| Remuneration and social security | 454/9 | - | €27 | +€27 | |
| Other amounts payable | 47/48 | - | €3,648 | +€3,648 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,322 | €1,134 | -€7,188 | -86.4% |
| Gross operating margin | 9900 | €38,503 | -€32,390 | -€70,893 | |
| Operating profit (loss) | 9901 | €30,181 | -€33,524 | -€63,705 | |
| Financial income | 75/76B | - | €74 | +€74 | |
| Recurring financial income | 75 | - | €74 | +€74 | |
| Financial charges | 65/66B | - | €275 | +€275 | |
| Recurring financial charges | 65 | €166 | €275 | +€109 | +65.8% |
| Profit (loss) for the period before taxes | 9903 | €30,015 | -€33,726 | -€63,741 | |
| Profit (loss) for the period | 9904 | €30,015 | -€33,726 | -€63,741 | |
| Profit (loss) for the period to be appropriated | 9905 | €30,015 | -€33,726 | -€63,741 |
Source: filed annual accounts (NBB), financial years ended 31 December 2019 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 25 October 2026 via checked.be.