FULTONIMMO: 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.
FULTONIMMO
Largest movements
- Tangible fixed assets +€205,214
up €205,214 (+15.5%), from €1.3m to €1.5m
of which Land and buildings: +€211,217
- Cash -€46,198
down €46,198 (-79.1%), from €58,394 to €12,196
mainly Investment in fixed assets (net) (-€312,665) and Tax, wage and social debts (-€19,215)
- Debts after one year +€114,195
up €114,195 (+13.8%), from €829,632 to €943,827
- Current portion of long-term debt +€39,011
up €39,011 (+56.1%), from €69,585 to €108,596
- Reserves +€22,336
up €22,336 (+7.1%), from €314,761 to €337,097
of which Distributable reserves: +€27,301
- Tax, wage and social debts -€19,215
down €19,215 (-70.4%), from €27,285 to €8,070
- Gross operating margin -€33,310
down €33,310 (-17.7%), from €187,800 to €154,489
- Taxes -€14,719
down €14,719 (-50.8%), from €28,993 to €14,274
- Depreciation +€6,675
up €6,675 (+6.9%), from €96,968 to €103,643
- Financial charges +€3,505
up €3,505 (+28.7%), from €12,203 to €15,708
- Other operating charges +€2,142
up €2,142 (+35.5%), from €6,028 to €8,170
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 | €1,437,605 | €1,594,711 | +€157,106 | +10.9% |
| Fixed assets | 21/28 | €1,324,245 | €1,533,267 | +€209,022 | +15.8% |
| Tangible fixed assets | 22/27 | €1,324,245 | €1,529,459 | +€205,214 | +15.5% |
| Land and buildings | 22 | €1,313,297 | €1,524,513 | +€211,217 | +16.1% |
| Furniture and vehicles | 24 | €10,948 | €4,945 | -€6,003 | -54.8% |
| Financial fixed assets | 28 | - | €3,808 | +€3,808 | |
| Current assets | 29/58 | €113,360 | €61,444 | -€51,916 | -45.8% |
| Amounts receivable after more than one year | 29 | €31,000 | €31,000 | = | 0.0% |
| Other amounts receivable | 291 | €31,000 | €31,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €20,239 | €18,248 | -€1,991 | -9.8% |
| Trade receivables | 40 | €18,876 | €16,488 | -€2,388 | -12.6% |
| Other amounts receivable | 41 | €1,363 | €1,760 | +€397 | +29.1% |
| Cash at bank and in hand | 54/58 | €58,394 | €12,196 | -€46,198 | -79.1% |
| Deferred charges and accrued income | 490/1 | €3,728 | - | -€3,728 | |
| Total equity and liabilities | 10/49 | €1,437,605 | €1,594,711 | +€157,106 | +10.9% |
| Equity | 10/15 | €311,920 | €334,256 | +€22,336 | +7.2% |
| Contributions | 10/11 | €31,000 | €31,000 | = | 0.0% |
| Reserves | 13 | €314,761 | €337,097 | +€22,336 | +7.1% |
| Tax-exempt reserves | 132 | €177,353 | €172,388 | -€4,965 | -2.8% |
| Distributable reserves | 133 | €137,408 | €164,709 | +€27,301 | +19.9% |
| Profit (loss) carried forward | 14 | -€33,841 | -€33,841 | = | 0.0% |
| Provisions and deferred taxes | 16 | €84,238 | €74,596 | -€9,642 | -11.4% |
| Deferred taxes | 168 | €84,238 | €74,596 | -€9,642 | -11.4% |
| Amounts payable | 17/49 | €1,041,448 | €1,185,859 | +€144,412 | +13.9% |
| Amounts payable after more than one year | 17 | €829,632 | €943,827 | +€114,195 | +13.8% |
| Financial debts | 170/4 | €829,632 | €943,827 | +€114,195 | +13.8% |
| Amounts payable within one year | 42/48 | €195,647 | €222,506 | +€26,859 | +13.7% |
| Current portion of amounts payable after more than one year | 42 | €69,585 | €108,596 | +€39,011 | +56.1% |
| Trade debts | 44 | €804 | - | -€804 | |
| Suppliers | 440/4 | €804 | - | -€804 | |
| Taxes, remuneration and social security | 45 | €27,285 | €8,070 | -€19,215 | -70.4% |
| Taxes | 450/3 | €27,285 | €8,070 | -€19,215 | -70.4% |
| Other amounts payable | 47/48 | €97,973 | €105,841 | +€7,868 | +8.0% |
| Accrued charges and deferred income | 492/3 | €16,169 | €19,525 | +€3,357 | +20.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €96,968 | €103,643 | +€6,675 | +6.9% |
| Other operating charges | 640/8 | €6,028 | €8,170 | +€2,142 | +35.5% |
| Gross operating margin | 9900 | €187,800 | €154,489 | -€33,310 | -17.7% |
| Operating profit (loss) | 9901 | €84,803 | €42,676 | -€42,127 | -49.7% |
| Financial income | 75/76B | €0 | - | -€0 | |
| Recurring financial income | 75 | €0 | - | -€0 | |
| Financial charges | 65/66B | €12,203 | €15,708 | +€3,505 | +28.7% |
| Recurring financial charges | 65 | €12,203 | €15,708 | +€3,505 | +28.7% |
| Profit (loss) for the period before taxes | 9903 | €72,601 | €26,968 | -€45,633 | -62.9% |
| Transfer from deferred taxes | 780 | €9,642 | €9,642 | = | 0.0% |
| Income taxes | 67/77 | €28,993 | €14,274 | -€14,719 | -50.8% |
| Profit (loss) for the period | 9904 | €53,250 | €22,336 | -€30,913 | -58.1% |
| Transfer from tax-exempt reserves | 789 | €4,965 | €4,965 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €58,214 | €27,301 | -€30,913 | -53.1% |
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 30 September 2026 via checked.be.