FULLUP: 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.
FULLUP
Largest movements
- Receivables within one year -€167,082
down €167,082 (-83.6%), from €199,946 to €32,864
of which Trade receivables: -€167,267
- Tangible fixed assets +€24,541
up €24,541 (+13.8%), from €177,733 to €202,274
of which Plant, machinery and equipment: +€24,541
- Cash +€6,209
up €6,209 (+132.5%), from €4,687 to €10,895
mainly Receivables within one year (+€167,082) and Net result for the year (+€85,432)
- Trade debts -€222,511
down €222,511 (-82.8%), from €268,704 to €46,192
- Profit (loss) carried forward +€85,432
up €85,432 (+10.5%), from -€813,796 to -€728,365
- Other debts +€80,469
up €80,469 (+3907.7%), from €2,059 to €82,529
- Debts after one year -€49,691
down €49,691 (-17.5%), from €283,764 to €234,072
- Advances received -€49,672
down €49,672 (-100.0%), from €49,672 to €0
- Gross operating margin +€119,489
up €119,489 (+113.5%), from €105,263 to €224,752
- Staff costs -€45,631
down €45,631 (-62.0%), from €73,627 to €27,996
- Financial charges +€28,798
up €28,798 (+349.5%), from €8,240 to €37,038
- Depreciation +€12,426
up €12,426 (+22.2%), from €55,893 to €68,319
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.
Cash bridge derived
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 | €409,318 | €266,745 | -€142,573 | -34.8% |
| Fixed assets | 21/28 | €181,178 | €203,716 | +€22,539 | +12.4% |
| Intangible fixed assets | 21 | €2,934 | €932 | -€2,002 | -68.2% |
| Tangible fixed assets | 22/27 | €177,733 | €202,274 | +€24,541 | +13.8% |
| Plant, machinery and equipment | 23 | €177,733 | €202,274 | +€24,541 | +13.8% |
| Furniture and vehicles | 24 | €0 | - | = | |
| Financial fixed assets | 28 | €510 | €510 | = | 0.0% |
| Current assets | 29/58 | €228,140 | €63,029 | -€165,111 | -72.4% |
| Stocks and contracts in progress | 3 | €16,669 | €14,150 | -€2,519 | -15.1% |
| Stocks | 30/36 | €16,669 | €14,150 | -€2,519 | -15.1% |
| Amounts receivable within one year | 40/41 | €199,946 | €32,864 | -€167,082 | -83.6% |
| Trade receivables | 40 | €199,946 | €32,679 | -€167,267 | -83.7% |
| Other amounts receivable | 41 | €0 | €185 | +€185 | |
| Cash at bank and in hand | 54/58 | €4,687 | €10,895 | +€6,209 | +132.5% |
| Deferred charges and accrued income | 490/1 | €6,838 | €5,119 | -€1,719 | -25.1% |
| Total equity and liabilities | 10/49 | €409,318 | €266,745 | -€142,573 | -34.8% |
| Equity | 10/15 | -€483,831 | -€398,399 | +€85,432 | +17.7% |
| Contributions | 10/11 | €329,965 | €329,965 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€813,796 | -€728,365 | +€85,432 | +10.5% |
| Amounts payable | 17/49 | €893,149 | €665,144 | -€228,005 | -25.5% |
| Amounts payable after more than one year | 17 | €283,764 | €234,072 | -€49,691 | -17.5% |
| Financial debts | 170/4 | €283,764 | €234,072 | -€49,691 | -17.5% |
| Amounts payable within one year | 42/48 | €503,006 | €358,807 | -€144,199 | -28.7% |
| Current portion of amounts payable after more than one year | 42 | €145,050 | €192,991 | +€47,941 | +33.1% |
| Financial debts | 43 | €1,077 | €1,390 | +€313 | +29.1% |
| Credit institutions | 430/8 | €1,077 | €1,390 | +€313 | +29.1% |
| Trade debts | 44 | €268,704 | €46,192 | -€222,511 | -82.8% |
| Suppliers | 440/4 | €268,704 | €46,192 | -€222,511 | -82.8% |
| Advances received on contracts in progress | 46 | €49,672 | €0 | -€49,672 | -100.0% |
| Taxes, remuneration and social security | 45 | €36,444 | €35,704 | -€740 | -2.0% |
| Taxes | 450/3 | €16,187 | €32,186 | +€15,999 | +98.8% |
| Remuneration and social security | 454/9 | €20,257 | €3,519 | -€16,739 | -82.6% |
| Other amounts payable | 47/48 | €2,059 | €82,529 | +€80,469 | +3907.7% |
| Accrued charges and deferred income | 492/3 | €106,380 | €72,265 | -€34,114 | -32.1% |
| Non-recurring operating income | 76A | €1,453 | €9,642 | +€8,190 | +563.8% |
| Remuneration, social security and pensions | 62 | €73,627 | €27,996 | -€45,631 | -62.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €55,893 | €68,319 | +€12,426 | +22.2% |
| Other operating charges | 640/8 | €348 | €1,929 | +€1,582 | +455.2% |
| Non-recurring operating charges | 66A | €0 | €4,060 | +€4,060 | |
| Gross operating margin | 9900 | €105,263 | €224,752 | +€119,489 | +113.5% |
| Operating profit (loss) | 9901 | -€24,604 | €122,447 | +€147,052 | |
| Financial income | 75/76B | €576 | €22 | -€554 | -96.1% |
| Recurring financial income | 75 | €576 | €22 | -€554 | -96.1% |
| Financial charges | 65/66B | €8,240 | €37,038 | +€28,798 | +349.5% |
| Recurring financial charges | 65 | €8,240 | €37,038 | +€28,798 | +349.5% |
| Profit (loss) for the period before taxes | 9903 | -€32,268 | €85,432 | +€117,699 | |
| Profit (loss) for the period | 9904 | -€32,268 | €85,432 | +€117,699 | |
| Profit (loss) for the period to be appropriated | 9905 | -€32,268 | €85,432 | +€117,699 |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 29 September 2026 via checked.be.