FULLSAN SERVICE: 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.
FULLSAN SERVICE
Largest movements
- Tangible fixed assets +€599,531
up €599,531 (+204%), from €294,064 to €893,595
of which Land and buildings: +€591,048
- Receivables within one year -€158,178
down €158,178 (-38.8%), from €407,761 to €249,583
of which Trade receivables: -€168,022
- Cash -€79,972
down €79,972 (-99.8%), from €80,159 to €187
mainly Investment in fixed assets (net) (-€646,867) and Other debts (-€75,992)
- Receivables after one year +€75,000
up €75,000 (+37.5%), from €200,000 to €275,000
- Stocks and contracts -€17,915
no longer reported in 2024 (was €17,915)
- Debts after one year +€525,289
up €525,289 (+442%), from €118,717 to €644,006
- Other debts -€75,992
no longer reported in 2024 (was €75,992)
- Reserves +€50,603
up €50,603 (+19.0%), from €266,548 to €317,151
of which Distributable reserves: +€52,458
- Short-term financial debts -€36,993
down €36,993 (-48.9%), from €75,622 to €38,629
- Trade debts -€29,392
down €29,392 (-43.0%), from €68,400 to €39,007
- Other operating charges +€76,849
up €76,849 (+1,177%), from €6,530 to €83,379
- Gross operating margin +€22,134
up €22,134 (+10.9%), from €202,758 to €224,892
- Depreciation +€19,556
up €19,556 (+70.4%), from €27,779 to €47,336
- Taxes -€15,113
down €15,113 (-36.3%), from €41,594 to €26,481
- Financial charges +€6,727
up €6,727 (+54.3%), from €12,382 to €19,109
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.
Derived cash bridge
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 | €1,002,899 | €1,421,365 | +€418,466 | +41.7% |
| Formation expenses | 20 | €0 | €0 | = | |
| Fixed assets | 21/28 | €297,064 | €896,595 | +€599,531 | +202% |
| Tangible fixed assets | 22/27 | €294,064 | €893,595 | +€599,531 | +204% |
| Land and buildings | 22 | €187,800 | €778,849 | +€591,048 | +315% |
| Plant, machinery and equipment | 23 | €52,380 | €34,010 | -€18,371 | -35.1% |
| Furniture and vehicles | 24 | €53,764 | €80,737 | +€26,973 | +50.2% |
| Leasing and similar rights | 25 | €120 | €0 | -€120 | -100% |
| Financial fixed assets | 28 | €3,000 | €3,000 | = | 0.0% |
| Current assets | 29/58 | €705,835 | €524,770 | -€181,065 | -25.7% |
| Amounts receivable after more than one year | 29 | €200,000 | €275,000 | +€75,000 | +37.5% |
| Other amounts receivable | 291 | €200,000 | €275,000 | +€75,000 | +37.5% |
| Stocks and contracts in progress | 3 | €17,915 | - | -€17,915 | |
| Stocks | 30/36 | €17,915 | - | -€17,915 | |
| Amounts receivable within one year | 40/41 | €407,761 | €249,583 | -€158,178 | -38.8% |
| Trade receivables | 40 | €397,483 | €229,461 | -€168,022 | -42.3% |
| Other amounts receivable | 41 | €10,278 | €20,122 | +€9,844 | +95.8% |
| Cash at bank and in hand | 54/58 | €80,159 | €187 | -€79,972 | -99.8% |
| Total equity and liabilities | 10/49 | €1,002,899 | €1,421,365 | +€418,466 | +41.7% |
| Equity | 10/15 | €572,229 | €622,832 | +€50,603 | +8.8% |
| Contributions | 10/11 | €18,550 | €18,550 | = | 0.0% |
| Reserves | 13 | €266,548 | €317,151 | +€50,603 | +19.0% |
| Non-distributable reserves | 130/1 | €1,855 | - | -€1,855 | |
| Reserves not available under the articles | 1311 | €1,855 | - | -€1,855 | |
| Distributable reserves | 133 | €264,693 | €317,151 | +€52,458 | +19.8% |
| Profit (loss) carried forward | 14 | €287,131 | €287,131 | = | 0.0% |
| Amounts payable | 17/49 | €430,670 | €798,533 | +€367,863 | +85.4% |
| Amounts payable after more than one year | 17 | €118,717 | €644,006 | +€525,289 | +442% |
| Financial debts | 170/4 | €118,717 | €644,006 | +€525,289 | +442% |
| Amounts payable within one year | 42/48 | €311,953 | €154,527 | -€157,426 | -50.5% |
| Current portion of amounts payable after more than one year | 42 | €41,079 | €44,920 | +€3,840 | +9.3% |
| Financial debts | 43 | €75,622 | €38,629 | -€36,993 | -48.9% |
| Credit institutions | 430/8 | €75,622 | €38,629 | -€36,993 | -48.9% |
| Trade debts | 44 | €68,400 | €39,007 | -€29,392 | -43.0% |
| Suppliers | 440/4 | €68,400 | €39,007 | -€29,392 | -43.0% |
| Taxes, remuneration and social security | 45 | €50,861 | €31,971 | -€18,890 | -37.1% |
| Taxes | 450/3 | €39,560 | €31,971 | -€7,589 | -19.2% |
| Remuneration and social security | 454/9 | €11,301 | - | -€11,301 | |
| Other amounts payable | 47/48 | €75,992 | - | -€75,992 | |
| Remuneration, social security and pensions | 62 | €3,433 | €158 | -€3,275 | -95.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €27,779 | €47,336 | +€19,556 | +70.4% |
| Other operating charges | 640/8 | €6,530 | €83,379 | +€76,849 | +1,177% |
| Gross operating margin | 9900 | €202,758 | €224,892 | +€22,134 | +10.9% |
| Operating profit (loss) | 9901 | €165,015 | €94,020 | -€70,996 | -43.0% |
| Financial income | 75/76B | - | €2,173 | +€2,173 | |
| Recurring financial income | 75 | - | €2,173 | +€2,173 | |
| Financial charges | 65/66B | €12,382 | €19,109 | +€6,727 | +54.3% |
| Recurring financial charges | 65 | €12,382 | €19,109 | +€6,727 | +54.3% |
| Profit (loss) for the period before taxes | 9903 | €152,633 | €77,084 | -€75,550 | -49.5% |
| Income taxes | 67/77 | €41,594 | €26,481 | -€15,113 | -36.3% |
| Profit (loss) for the period | 9904 | €111,040 | €50,603 | -€60,437 | -54.4% |
| Profit (loss) for the period to be appropriated | 9905 | €111,040 | €50,603 | -€60,437 | -54.4% |
Source: filed annual accounts (NBB), financial 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 October 2026 via checked.be.