Fulton Company: what changed
What changed
Fulton Company
NACE 70.200, Business and other management consultancy
filed annual accounts (NBB)
Net result for the year
€35,777
2024 · €9,823+€25,954
Equity
€102,716
2024 · €66,939+€35,777
Cash
€4,598
2024 · €1,982+€2,616
Balance sheet total
€621,696
2024 · €86,637+€535,059
Largest movements
Assets
- Tangible fixed assets +€507,984
up €507,984 (+1,239%), from €41,013 to €548,997
of which Land and buildings: +€488,805
- Receivables within one year +€23,111
up €23,111 (+53.0%), from €43,641 to €66,752
of which Trade receivables: +€37,336
Equity and liabilities
- Other debts +€487,115
new in 2025: €487,115
- Reserves +€35,000
up €35,000 (+83.6%), from €41,860 to €76,860
of which Distributable reserves: +€35,000
- Trade debts +€9,257
up €9,257 (+221%), from €4,187 to €13,443
Income statement
- Gross operating margin +€88,921
up €88,921 (+242%), from €36,673 to €125,594
- Depreciation +€59,921
up €59,921 (+516%), from €11,620 to €71,541
- Taxes +€6,347
up €6,347 (+92.6%), from €6,853 to €13,200
- Other operating charges -€2,679
down €2,679 (-48.6%), from €5,512 to €2,834
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
€9,823
Gross operating margin
+€88,921
Depreciation
-€59,921
Other operating charges
+€2,679
Financial income
-€377
Financial charges
+€1,000
Taxes
-€6,347
Result 2025
€35,777
raises the resultlowers the result
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€582,140
Investment
-€579,524
Financing
€0
Cash 2024
€1,982
From operations (derived)
+€582,140
Net result for the year
+€35,777
Depreciation
+€71,541
Receivables within one year
-€23,111
Deferred charges and accrued income
-€1,349
Trade debts
+€9,257
Tax, wage and social debts
+€2,912
Other debts
+€487,115
Investment (derived)
-€579,524
Investment in fixed assets (net)
-€579,524
Cash 2025
€4,598
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €86,637 | €621,696 | +€535,059 | +618% |
| Fixed assets | 21/28 | €41,013 | €548,997 | +€507,984 | +1,239% |
| Tangible fixed assets | 22/27 | €41,013 | €548,997 | +€507,984 | +1,239% |
| Land and buildings | 22 | - | €488,805 | +€488,805 | |
| Plant, machinery and equipment | 23 | - | €2,764 | +€2,764 | |
| Furniture and vehicles | 24 | €41,013 | €57,429 | +€16,415 | +40.0% |
| Current assets | 29/58 | €45,623 | €72,699 | +€27,076 | +59.3% |
| Amounts receivable within one year | 40/41 | €43,641 | €66,752 | +€23,111 | +53.0% |
| Trade receivables | 40 | €19,913 | €57,249 | +€37,336 | +187% |
| Other amounts receivable | 41 | €23,728 | €9,503 | -€14,225 | -59.9% |
| Cash at bank and in hand | 54/58 | €1,982 | €4,598 | +€2,616 | +132% |
| Deferred charges and accrued income | 490/1 | - | €1,349 | +€1,349 | |
| Total equity and liabilities | 10/49 | €86,637 | €621,696 | +€535,059 | +618% |
| Equity | 10/15 | €66,939 | €102,716 | +€35,777 | +53.4% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €41,860 | €76,860 | +€35,000 | +83.6% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €40,000 | €75,000 | +€35,000 | +87.5% |
| Profit (loss) carried forward | 14 | €6,479 | €7,256 | +€777 | +12.0% |
| Amounts payable | 17/49 | €19,698 | €518,981 | +€499,283 | +2,535% |
| Amounts payable within one year | 42/48 | €19,698 | €518,981 | +€499,283 | +2,535% |
| Trade debts | 44 | €4,187 | €13,443 | +€9,257 | +221% |
| Suppliers | 440/4 | €4,187 | €13,443 | +€9,257 | +221% |
| Taxes, remuneration and social security | 45 | €15,511 | €18,423 | +€2,912 | +18.8% |
| Taxes | 450/3 | €13,011 | €18,423 | +€5,412 | +41.6% |
| Remuneration and social security | 454/9 | €2,500 | - | -€2,500 | |
| Other amounts payable | 47/48 | - | €487,115 | +€487,115 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,620 | €71,541 | +€59,921 | +516% |
| Other operating charges | 640/8 | €5,512 | €2,834 | -€2,679 | -48.6% |
| Gross operating margin | 9900 | €36,673 | €125,594 | +€88,921 | +242% |
| Operating profit (loss) | 9901 | €19,541 | €51,219 | +€31,678 | +162% |
| Financial income | 75/76B | €377 | - | -€377 | |
| Recurring financial income | 75 | €377 | - | -€377 | |
| Financial charges | 65/66B | €3,242 | €2,243 | -€1,000 | -30.8% |
| Recurring financial charges | 65 | €3,242 | €2,243 | -€1,000 | -30.8% |
| Profit (loss) for the period before taxes | 9903 | €16,676 | €48,977 | +€32,301 | +194% |
| Income taxes | 67/77 | €6,853 | €13,200 | +€6,347 | +92.6% |
| Profit (loss) for the period | 9904 | €9,823 | €35,777 | +€25,954 | +264% |
| Profit (loss) for the period to be appropriated | 9905 | €9,823 | €35,777 | +€25,954 | +264% |
Next steps
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 5 November 2026 via checked.be.