Fulltherm Techniques Spéciales: 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.
Fulltherm Techniques Spéciales
Largest movements
- Cash +€49,471
up €49,471 (+139%), from €35,710 to €85,181
mainly Net result for the year (+€69,345) and Receivables within one year (+€41,962)
- Receivables within one year -€41,962
down €41,962 (-26.8%), from €156,556 to €114,595
of which Trade receivables: -€36,462
- Deferred charges and accrued income +€12,080
up €12,080 (+327%), from €3,699 to €15,779
- Receivables after one year -€10,151
no longer reported in 2025 (was €10,151)
- Tangible fixed assets -€5,463
down €5,463 (-16.7%), from €32,761 to €27,298
of which Furniture and vehicles: -€5,793
- Debts after one year -€70,000
down €70,000 (-77.8%), from €90,000 to €20,000
- Profit (loss) carried forward +€69,345
up €69,345 (+392%), from €17,676 to €87,021
- Other debts +€16,761
up €16,761 (+32.1%), from €52,159 to €68,920
- Tax, wage and social debts -€8,215
down €8,215 (-19.2%), from €42,805 to €34,590
of which Taxes: -€14,116
- Advances received +€7,496
new in 2025: €7,496
- Gross operating margin +€103,215
up €103,215 (+24.5%), from €421,760 to €524,974
- Staff costs +€21,322
up €21,322 (+5.8%), from €368,275 to €389,596
- Write-downs +€11,588
up €11,588 (+581%), from €1,994 to €13,582
- Taxes +€10,469
up €10,469 (+68.3%), from €15,332 to €25,802
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 | €246,177 | €254,248 | +€8,071 | +3.3% |
| Fixed assets | 21/28 | €33,061 | €31,693 | -€1,368 | -4.1% |
| Tangible fixed assets | 22/27 | €32,761 | €27,298 | -€5,463 | -16.7% |
| Plant, machinery and equipment | 23 | €1,676 | €3,232 | +€1,556 | +92.8% |
| Furniture and vehicles | 24 | €15,680 | €9,887 | -€5,793 | -36.9% |
| Other tangible fixed assets | 26 | €15,404 | €14,178 | -€1,226 | -8.0% |
| Financial fixed assets | 28 | €300 | €4,395 | +€4,095 | +1,365% |
| Current assets | 29/58 | €213,117 | €222,555 | +€9,439 | +4.4% |
| Amounts receivable after more than one year | 29 | €10,151 | - | -€10,151 | |
| Trade receivables | 290 | €10,151 | - | -€10,151 | |
| Stocks and contracts in progress | 3 | €7,000 | €7,000 | = | 0.0% |
| Stocks | 30/36 | €7,000 | €7,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €156,556 | €114,595 | -€41,962 | -26.8% |
| Trade receivables | 40 | €136,471 | €100,009 | -€36,462 | -26.7% |
| Other amounts receivable | 41 | €20,085 | €14,585 | -€5,500 | -27.4% |
| Cash at bank and in hand | 54/58 | €35,710 | €85,181 | +€49,471 | +139% |
| Deferred charges and accrued income | 490/1 | €3,699 | €15,779 | +€12,080 | +327% |
| Total equity and liabilities | 10/49 | €246,177 | €254,248 | +€8,071 | +3.3% |
| Equity | 10/15 | €36,276 | €105,621 | +€69,345 | +191% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | €17,676 | €87,021 | +€69,345 | +392% |
| Amounts payable | 17/49 | €209,901 | €148,627 | -€61,274 | -29.2% |
| Amounts payable after more than one year | 17 | €90,000 | €20,000 | -€70,000 | -77.8% |
| Financial debts | 170/4 | €90,000 | €20,000 | -€70,000 | -77.8% |
| Amounts payable within one year | 42/48 | €119,901 | €128,627 | +€8,726 | +7.3% |
| Trade debts | 44 | €24,938 | €17,621 | -€7,317 | -29.3% |
| Suppliers | 440/4 | €24,938 | €17,621 | -€7,317 | -29.3% |
| Advances received on contracts in progress | 46 | - | €7,496 | +€7,496 | |
| Taxes, remuneration and social security | 45 | €42,805 | €34,590 | -€8,215 | -19.2% |
| Taxes | 450/3 | €15,284 | €1,167 | -€14,116 | -92.4% |
| Remuneration and social security | 454/9 | €27,521 | €33,422 | +€5,901 | +21.4% |
| Other amounts payable | 47/48 | €52,159 | €68,920 | +€16,761 | +32.1% |
| Non-recurring operating income | 76A | €330 | €40,997 | +€40,667 | +12,323% |
| Remuneration, social security and pensions | 62 | €368,275 | €389,596 | +€21,322 | +5.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,370 | €9,816 | +€3,447 | +54.1% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €1,994 | €13,582 | +€11,588 | +581% |
| Other operating charges | 640/8 | €4,765 | €2,170 | -€2,595 | -54.5% |
| Non-recurring operating charges | 66A | - | €16,002 | +€16,002 | |
| Gross operating margin | 9900 | €421,760 | €524,974 | +€103,215 | +24.5% |
| Operating profit (loss) | 9901 | €40,356 | €93,807 | +€53,451 | +132% |
| Financial income | 75/76B | €1,662 | €3,945 | +€2,283 | +137% |
| Recurring financial income | 75 | €1,662 | €3,945 | +€2,283 | +137% |
| Financial charges | 65/66B | €4,736 | €2,606 | -€2,130 | -45.0% |
| Recurring financial charges | 65 | €4,736 | €2,606 | -€2,130 | -45.0% |
| Profit (loss) for the period before taxes | 9903 | €37,282 | €95,146 | +€57,864 | +155% |
| Income taxes | 67/77 | €15,332 | €25,802 | +€10,469 | +68.3% |
| Profit (loss) for the period | 9904 | €21,950 | €69,345 | +€47,395 | +216% |
| Profit (loss) for the period to be appropriated | 9905 | €21,950 | €69,345 | +€47,395 | +216% |
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 29 October 2026 via checked.be.