FULTON MEDICAL: 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.
FULTON MEDICAL
Largest movements
- Tangible fixed assets -€29,705
down €29,705 (-5.6%), from €535,095 to €505,391
of which Land and buildings: -€27,155
- Receivables within one year -€27,801
down €27,801 (-100%), from €27,801 to €0
- Cash +€12,221
up €12,221 (+45.9%), from €26,653 to €38,873
mainly Depreciation (+€29,705) and Receivables within one year (+€27,801)
- Debts after one year -€26,355
down €26,355 (-6.3%), from €419,432 to €393,077
- Tax, wage and social debts -€12,846
down €12,846 (-100%), from €12,846 to €0
- Staff costs -€39,448
down €39,448 (-34.4%), from €114,725 to €75,277
- Gross operating margin -€18,626
down €18,626 (-14.2%), from €131,040 to €112,414
- Depreciation +€2,613
up €2,613 (+9.6%), from €27,092 to €29,705
- Financial charges +€2,291
up €2,291 (+45.8%), from €5,003 to €7,294
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 | €591,697 | €546,443 | -€45,254 | -7.6% |
| Fixed assets | 21/28 | €535,095 | €505,391 | -€29,705 | -5.6% |
| Tangible fixed assets | 22/27 | €535,095 | €505,391 | -€29,705 | -5.6% |
| Land and buildings | 22 | €526,009 | €498,854 | -€27,155 | -5.2% |
| Furniture and vehicles | 24 | €9,087 | €6,537 | -€2,550 | -28.1% |
| Current assets | 29/58 | €56,602 | €41,052 | -€15,549 | -27.5% |
| Amounts receivable within one year | 40/41 | €27,801 | €0 | -€27,801 | -100% |
| Other amounts receivable | 41 | €27,801 | €0 | -€27,801 | -100% |
| Cash at bank and in hand | 54/58 | €26,653 | €38,873 | +€12,221 | +45.9% |
| Deferred charges and accrued income | 490/1 | €2,148 | €2,179 | +€31 | +1.4% |
| Total equity and liabilities | 10/49 | €591,697 | €546,443 | -€45,254 | -7.6% |
| Equity | 10/15 | €126,904 | €121,609 | -€5,296 | -4.2% |
| Contributions | 10/11 | €120,000 | €120,000 | = | 0.0% |
| Reserves | 13 | €26,000 | €26,000 | = | 0.0% |
| Distributable reserves | 133 | €26,000 | €26,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€19,096 | -€24,391 | -€5,296 | -27.7% |
| Amounts payable | 17/49 | €464,793 | €424,834 | -€39,958 | -8.6% |
| Amounts payable after more than one year | 17 | €419,432 | €393,077 | -€26,355 | -6.3% |
| Financial debts | 170/4 | €419,432 | €393,077 | -€26,355 | -6.3% |
| Amounts payable within one year | 42/48 | €44,810 | €31,237 | -€13,573 | -30.3% |
| Current portion of amounts payable after more than one year | 42 | €28,130 | €26,355 | -€1,776 | -6.3% |
| Trade debts | 44 | €3,833 | €4,882 | +€1,049 | +27.4% |
| Suppliers | 440/4 | €3,833 | €4,882 | +€1,049 | +27.4% |
| Taxes, remuneration and social security | 45 | €12,846 | €0 | -€12,846 | -100% |
| Taxes | 450/3 | €12,846 | €0 | -€12,846 | -100% |
| Accrued charges and deferred income | 492/3 | €551 | €520 | -€31 | -5.6% |
| Remuneration, social security and pensions | 62 | €114,725 | €75,277 | -€39,448 | -34.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €27,092 | €29,705 | +€2,613 | +9.6% |
| Other operating charges | 640/8 | €5,222 | €5,433 | +€211 | +4.0% |
| Gross operating margin | 9900 | €131,040 | €112,414 | -€18,626 | -14.2% |
| Operating profit (loss) | 9901 | -€15,999 | €1,999 | +€17,998 | |
| Financial charges | 65/66B | €5,003 | €7,294 | +€2,291 | +45.8% |
| Recurring financial charges | 65 | €5,003 | €7,294 | +€2,291 | +45.8% |
| Profit (loss) for the period before taxes | 9903 | -€21,003 | -€5,296 | +€15,707 | +74.8% |
| Income taxes | 67/77 | €0 | - | = | |
| Profit (loss) for the period | 9904 | -€21,003 | -€5,296 | +€15,707 | +74.8% |
| Profit (loss) for the period to be appropriated | 9905 | -€21,003 | -€5,296 | +€15,707 | +74.8% |
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 31 October 2026 via checked.be.