Fulwell & Co: 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.
Fulwell & Co
Largest movements
- Deferred charges and accrued income +€13,601
up €13,601 (+369%), from €3,688 to €17,289
- Receivables within one year +€11,363
up €11,363 (+83.7%), from €13,578 to €24,940
of which Other amounts receivable: +€13,968
- Cash -€2,163
down €2,163 (-1.4%), from €150,049 to €147,885
- Tax, wage and social debts +€12,726
up €12,726 (+268%), from €4,753 to €17,479
of which Remuneration and social security: +€15,514
- Reserves +€10,983
up €10,983 (+7.7%), from €143,501 to €154,484
of which Distributable reserves: +€10,983
- Other debts -€7,155
no longer reported in 2024 (was €7,155)
- Contributions +€6,150
up €6,150 (+49.6%), from €12,400 to €18,550
- Gross operating margin +€3,072
up €3,072 (+17.2%), from €17,840 to €20,913
- Other operating charges +€1,464
up €1,464 (+421%), from €348 to €1,811
- Taxes +€1,156
up €1,156 (+25.0%), from €4,633 to €5,789
- Depreciation +€816
up €816 (+65.2%), from €1,252 to €2,068
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
A cash bridge needs two consecutive financial years: one year's result and depreciation cannot explain a change over several years. Pick two years that follow each other.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €169,058 | €191,620 | +€22,562 | +13.3% |
| Fixed assets | 21/28 | €1,743 | €1,505 | -€238 | -13.7% |
| Tangible fixed assets | 22/27 | €1,743 | €1,505 | -€238 | -13.7% |
| Furniture and vehicles | 24 | €1,743 | €1,505 | -€238 | -13.7% |
| Current assets | 29/58 | €167,315 | €190,115 | +€22,800 | +13.6% |
| Amounts receivable within one year | 40/41 | €13,578 | €24,940 | +€11,363 | +83.7% |
| Trade receivables | 40 | €3,210 | €605 | -€2,605 | -81.2% |
| Other amounts receivable | 41 | €10,367 | €24,335 | +€13,968 | +135% |
| Cash at bank and in hand | 54/58 | €150,049 | €147,885 | -€2,163 | -1.4% |
| Deferred charges and accrued income | 490/1 | €3,688 | €17,289 | +€13,601 | +369% |
| Total equity and liabilities | 10/49 | €169,058 | €191,620 | +€22,562 | +13.3% |
| Equity | 10/15 | €155,901 | €173,034 | +€17,133 | +11.0% |
| Contributions | 10/11 | €12,400 | €18,550 | +€6,150 | +49.6% |
| Reserves | 13 | €143,501 | €154,484 | +€10,983 | +7.7% |
| Non-distributable reserves | 130/1 | €3,020 | €3,020 | = | 0.0% |
| Reserves not available under the articles | 1311 | €3,020 | €3,020 | = | 0.0% |
| Distributable reserves | 133 | €140,481 | €151,464 | +€10,983 | +7.8% |
| Profit (loss) carried forward | 14 | €0 | - | = | |
| Amounts payable | 17/49 | €13,157 | €18,586 | +€5,429 | +41.3% |
| Amounts payable within one year | 42/48 | €13,157 | €18,586 | +€5,429 | +41.3% |
| Trade debts | 44 | €1,248 | €1,107 | -€142 | -11.3% |
| Suppliers | 440/4 | €1,248 | €1,107 | -€142 | -11.3% |
| Taxes, remuneration and social security | 45 | €4,753 | €17,479 | +€12,726 | +268% |
| Taxes | 450/3 | €4,753 | €1,965 | -€2,788 | -58.7% |
| Remuneration and social security | 454/9 | - | €15,514 | +€15,514 | |
| Other amounts payable | 47/48 | €7,155 | - | -€7,155 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,252 | €2,068 | +€816 | +65.2% |
| Other operating charges | 640/8 | €348 | €1,811 | +€1,464 | +421% |
| Gross operating margin | 9900 | €17,840 | €20,913 | +€3,072 | +17.2% |
| Operating profit (loss) | 9901 | €16,241 | €17,033 | +€792 | +4.9% |
| Financial income | 75/76B | €20 | €31 | +€10 | +51.0% |
| Recurring financial income | 75 | €20 | €31 | +€10 | +51.0% |
| Financial charges | 65/66B | €200 | €292 | +€91 | +45.7% |
| Recurring financial charges | 65 | €200 | €292 | +€91 | +45.7% |
| Profit (loss) for the period before taxes | 9903 | €16,061 | €16,772 | +€711 | +4.4% |
| Income taxes | 67/77 | €4,633 | €5,789 | +€1,156 | +25.0% |
| Profit (loss) for the period | 9904 | €11,428 | €10,983 | -€445 | -3.9% |
| Profit (loss) for the period to be appropriated | 9905 | €11,428 | €10,983 | -€445 | -3.9% |
Source: filed annual accounts (NBB), financial years ended 30 June 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 20 October 2026 via checked.be.