FUSAIN BLANC: 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.
FUSAIN BLANC
Largest movements
- Cash -€6,993
down €6,993 (-68.4%), from €10,222 to €3,229
mainly Advances received (-€5,585) and Other debts (-€5,192)
- Receivables within one year -€5,864
down €5,864 (-19.4%), from €30,169 to €24,306
of which Trade receivables: -€9,033
- Tangible fixed assets -€3,054
down €3,054 (-13.9%), from €22,037 to €18,984
of which Plant, machinery and equipment: -€2,619
- Advances received -€5,585
down €5,585 (-38.9%), from €14,365 to €8,780
- Other debts -€5,192
down €5,192 (-21.1%), from €24,611 to €19,419
- Tax, wage and social debts -€2,858
down €2,858 (-43.6%), from €6,552 to €3,694
of which Taxes: -€4,358
- Profit (loss) carried forward -€2,657
down €2,657, from €412 to -€2,245
- Gross operating margin -€15,240
down €15,240 (-64.2%), from €23,722 to €8,482
- Other operating charges +€5,356
up €5,356 (+855.0%), from €626 to €5,983
- Taxes -€4,988
down €4,988 (-100.0%), from €4,988 to €0
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 | €63,047 | €47,093 | -€15,954 | -25.3% |
| Formation expenses | 20 | €0 | €0 | = | |
| Fixed assets | 21/28 | €22,037 | €18,984 | -€3,054 | -13.9% |
| Intangible fixed assets | 21 | €0 | €0 | = | |
| Tangible fixed assets | 22/27 | €22,037 | €18,984 | -€3,054 | -13.9% |
| Land and buildings | 22 | €775 | €690 | -€85 | -11.0% |
| Plant, machinery and equipment | 23 | €19,494 | €16,875 | -€2,619 | -13.4% |
| Furniture and vehicles | 24 | €1,768 | €1,419 | -€350 | -19.8% |
| Current assets | 29/58 | €41,010 | €28,110 | -€12,900 | -31.5% |
| Stocks and contracts in progress | 3 | €300 | - | -€300 | |
| Contracts in progress | 37 | €300 | - | -€300 | |
| Amounts receivable within one year | 40/41 | €30,169 | €24,306 | -€5,864 | -19.4% |
| Trade receivables | 40 | €29,338 | €20,306 | -€9,033 | -30.8% |
| Other amounts receivable | 41 | €831 | €4,000 | +€3,169 | +381.3% |
| Cash at bank and in hand | 54/58 | €10,222 | €3,229 | -€6,993 | -68.4% |
| Deferred charges and accrued income | 490/1 | €319 | €575 | +€257 | +80.6% |
| Total equity and liabilities | 10/49 | €63,047 | €47,093 | -€15,954 | -25.3% |
| Equity | 10/15 | €16,712 | €14,055 | -€2,657 | -15.9% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €13,300 | €13,300 | = | 0.0% |
| Non-distributable reserves | 130/1 | €300 | €300 | = | 0.0% |
| Reserves not available under the articles | 1311 | €300 | €300 | = | 0.0% |
| Distributable reserves | 133 | €13,000 | €13,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €412 | -€2,245 | -€2,657 | |
| Amounts payable | 17/49 | €46,336 | €33,038 | -€13,297 | -28.7% |
| Amounts payable within one year | 42/48 | €46,056 | €32,758 | -€13,297 | -28.9% |
| Trade debts | 44 | €528 | €866 | +€338 | +64.1% |
| Suppliers | 440/4 | €528 | €866 | +€338 | +64.1% |
| Advances received on contracts in progress | 46 | €14,365 | €8,780 | -€5,585 | -38.9% |
| Taxes, remuneration and social security | 45 | €6,552 | €3,694 | -€2,858 | -43.6% |
| Taxes | 450/3 | €6,552 | €2,194 | -€4,358 | -66.5% |
| Remuneration and social security | 454/9 | - | €1,500 | +€1,500 | |
| Other amounts payable | 47/48 | €24,611 | €19,419 | -€5,192 | -21.1% |
| Accrued charges and deferred income | 492/3 | €280 | €280 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,253 | €4,370 | +€117 | +2.7% |
| Other operating charges | 640/8 | €626 | €5,983 | +€5,356 | +855.0% |
| Gross operating margin | 9900 | €23,722 | €8,482 | -€15,240 | -64.2% |
| Operating profit (loss) | 9901 | €18,842 | -€1,871 | -€20,713 | |
| Financial income | 75/76B | - | €0 | +€0 | |
| Recurring financial income | 75 | - | €0 | +€0 | |
| Financial charges | 65/66B | €605 | €786 | +€181 | +29.9% |
| Recurring financial charges | 65 | €605 | €786 | +€181 | +29.9% |
| Profit (loss) for the period before taxes | 9903 | €18,237 | -€2,657 | -€20,894 | |
| Income taxes | 67/77 | €4,988 | €0 | -€4,988 | -100.0% |
| Profit (loss) for the period | 9904 | €13,249 | -€2,657 | -€15,905 | |
| Profit (loss) for the period to be appropriated | 9905 | €13,249 | -€2,657 | -€15,905 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 4 October 2026 via checked.be.