FUSE IT: 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.
FUSE IT
Largest movements
- Receivables after one year -€39,647
down €39,647 (-26.0%), from €152,754 to €113,107
- Receivables within one year +€24,390
up €24,390 (+21.7%), from €112,553 to €136,943
of which Other amounts receivable: +€23,765
- Tangible fixed assets -€21,697
down €21,697 (-7.9%), from €274,965 to €253,267
of which Land and buildings: -€11,654
- Cash +€7,535
up €7,535 (+5.2%), from €145,426 to €152,961
mainly Net result for the year (+€76,077) and Receivables after one year (+€39,647)
- Other debts -€28,804
down €28,804 (-27.5%), from €104,915 to €76,110
- Depreciation +€5,412
up €5,412 (+33.2%), from €16,285 to €21,697
- Taxes +€2,441
up €2,441 (+9.2%), from €26,628 to €29,069
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 | €689,101 | €660,070 | -€29,032 | -4.2% |
| Fixed assets | 21/28 | €274,965 | €253,267 | -€21,697 | -7.9% |
| Tangible fixed assets | 22/27 | €274,965 | €253,267 | -€21,697 | -7.9% |
| Land and buildings | 22 | €229,378 | €217,724 | -€11,654 | -5.1% |
| Furniture and vehicles | 24 | €45,587 | €35,543 | -€10,044 | -22.0% |
| Current assets | 29/58 | €414,137 | €406,802 | -€7,335 | -1.8% |
| Amounts receivable after more than one year | 29 | €152,754 | €113,107 | -€39,647 | -26.0% |
| Other amounts receivable | 291 | €152,754 | €113,107 | -€39,647 | -26.0% |
| Amounts receivable within one year | 40/41 | €112,553 | €136,943 | +€24,390 | +21.7% |
| Trade receivables | 40 | €0 | €626 | +€626 | |
| Other amounts receivable | 41 | €112,553 | €136,318 | +€23,765 | +21.1% |
| Cash at bank and in hand | 54/58 | €145,426 | €152,961 | +€7,535 | +5.2% |
| Deferred charges and accrued income | 490/1 | €3,405 | €3,792 | +€387 | +11.4% |
| Total equity and liabilities | 10/49 | €689,101 | €660,070 | -€29,032 | -4.2% |
| Equity | 10/15 | €570,596 | €571,673 | +€1,077 | +0.2% |
| Contributions | 10/11 | €146,700 | €146,700 | = | 0.0% |
| Reserves | 13 | €423,896 | €424,973 | +€1,077 | +0.3% |
| Non-distributable reserves | 130/1 | €14,670 | €14,670 | = | 0.0% |
| Reserves not available under the articles | 1311 | €14,670 | €14,670 | = | 0.0% |
| Distributable reserves | 133 | €409,226 | €410,303 | +€1,077 | +0.3% |
| Amounts payable | 17/49 | €118,506 | €88,397 | -€30,109 | -25.4% |
| Amounts payable within one year | 42/48 | €116,279 | €85,717 | -€30,562 | -26.3% |
| Trade debts | 44 | €4,733 | €537 | -€4,196 | -88.6% |
| Suppliers | 440/4 | €4,733 | €537 | -€4,196 | -88.6% |
| Taxes, remuneration and social security | 45 | €6,631 | €9,069 | +€2,438 | +36.8% |
| Taxes | 450/3 | €6,631 | €9,069 | +€2,438 | +36.8% |
| Other amounts payable | 47/48 | €104,915 | €76,110 | -€28,804 | -27.5% |
| Accrued charges and deferred income | 492/3 | €2,227 | €2,680 | +€453 | +20.3% |
| Non-recurring operating income | 76A | €28,560 | - | -€28,560 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €16,285 | €21,697 | +€5,412 | +33.2% |
| Other operating charges | 640/8 | €2,088 | €2,045 | -€44 | -2.1% |
| Non-recurring operating charges | 66A | €13,433 | - | -€13,433 | |
| Gross operating margin | 9900 | €112,006 | €111,771 | -€235 | -0.2% |
| Operating profit (loss) | 9901 | €80,200 | €88,029 | +€7,829 | +9.8% |
| Financial income | 75/76B | €17,446 | €17,269 | -€177 | -1.0% |
| Recurring financial income | 75 | €17,446 | €17,269 | -€177 | -1.0% |
| Financial charges | 65/66B | €154 | €152 | -€2 | -1.1% |
| Recurring financial charges | 65 | €154 | €152 | -€2 | -1.1% |
| Profit (loss) for the period before taxes | 9903 | €97,493 | €105,146 | +€7,653 | +7.9% |
| Income taxes | 67/77 | €26,628 | €29,069 | +€2,441 | +9.2% |
| Profit (loss) for the period | 9904 | €70,865 | €76,077 | +€5,212 | +7.4% |
| Profit (loss) for the period to be appropriated | 9905 | €70,865 | €76,077 | +€5,212 | +7.4% |
Source: filed annual accounts (NBB), fiscal years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.