FUSARIS: 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.
FUSARIS
Largest movements
- Receivables within one year -€88,972
down €88,972 (-81.1%), from €109,717 to €20,745
of which Other amounts receivable: -€75,130
- Cash +€7,807
up €7,807 (+8.1%), from €95,868 to €103,675
mainly Receivables within one year (+€88,972) and Net result for the year (+€5,763)
- Reserves -€77,962
down €77,962 (-43.6%), from €179,010 to €101,048
- Tax, wage and social debts -€6,845
down €6,845 (-37.0%), from €18,507 to €11,662
- Gross operating margin -€22,219
down €22,219 (-62.6%), from €35,487 to €13,268
- Taxes -€5,529
down €5,529 (-64.1%), from €8,621 to €3,092
- Financial charges -€675
down €675 (-19.7%), from €3,429 to €2,755
- Other operating charges -€568
down €568 (-36.5%), from €1,556 to €987
- Depreciation +€369
up €369 (+56.2%), from €657 to €1,026
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 | €210,684 | €128,497 | -€82,187 | -39.0% |
| Fixed assets | 21/28 | €4,973 | €3,947 | -€1,026 | -20.6% |
| Tangible fixed assets | 22/27 | €4,943 | €3,917 | -€1,026 | -20.8% |
| Plant, machinery and equipment | 23 | €3,494 | €3,008 | -€486 | -13.9% |
| Furniture and vehicles | 24 | €1,449 | €909 | -€540 | -37.3% |
| Financial fixed assets | 28 | €30 | €30 | = | 0.0% |
| Current assets | 29/58 | €205,711 | €124,550 | -€81,161 | -39.5% |
| Amounts receivable within one year | 40/41 | €109,717 | €20,745 | -€88,972 | -81.1% |
| Trade receivables | 40 | €13,842 | - | -€13,842 | |
| Other amounts receivable | 41 | €95,874 | €20,745 | -€75,130 | -78.4% |
| Cash at bank and in hand | 54/58 | €95,868 | €103,675 | +€7,807 | +8.1% |
| Deferred charges and accrued income | 490/1 | €126 | €130 | +€4 | +3.3% |
| Total equity and liabilities | 10/49 | €210,684 | €128,497 | -€82,187 | -39.0% |
| Equity | 10/15 | €191,986 | €114,024 | -€77,962 | -40.6% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €179,010 | €101,048 | -€77,962 | -43.6% |
| Distributable reserves | 133 | €179,010 | €101,048 | -€77,962 | -43.6% |
| Profit (loss) carried forward | 14 | €576 | €576 | = | 0.0% |
| Amounts payable | 17/49 | €18,698 | €14,473 | -€4,225 | -22.6% |
| Amounts payable within one year | 42/48 | €18,698 | €14,473 | -€4,225 | -22.6% |
| Current portion of amounts payable after more than one year | 42 | - | €1,183 | +€1,183 | |
| Trade debts | 44 | €191 | €1,628 | +€1,437 | +753.8% |
| Suppliers | 440/4 | €191 | €1,628 | +€1,437 | +753.8% |
| Taxes, remuneration and social security | 45 | €18,507 | €11,662 | -€6,845 | -37.0% |
| Taxes | 450/3 | €18,507 | €11,662 | -€6,845 | -37.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €657 | €1,026 | +€369 | +56.2% |
| Other operating charges | 640/8 | €1,556 | €987 | -€568 | -36.5% |
| Gross operating margin | 9900 | €35,487 | €13,268 | -€22,219 | -62.6% |
| Operating profit (loss) | 9901 | €33,274 | €11,255 | -€22,019 | -66.2% |
| Financial income | 75/76B | €54 | €355 | +€301 | +561.8% |
| Recurring financial income | 75 | €54 | €355 | +€301 | +561.8% |
| Financial charges | 65/66B | €3,429 | €2,755 | -€675 | -19.7% |
| Recurring financial charges | 65 | €3,429 | €2,755 | -€675 | -19.7% |
| Profit (loss) for the period before taxes | 9903 | €29,898 | €8,855 | -€21,044 | -70.4% |
| Income taxes | 67/77 | €8,621 | €3,092 | -€5,529 | -64.1% |
| Profit (loss) for the period | 9904 | €21,277 | €5,763 | -€15,514 | -72.9% |
| Profit (loss) for the period to be appropriated | 9905 | €21,277 | €5,763 | -€15,514 | -72.9% |
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 3 October 2026 via checked.be.