Fusec: what changed
Fusec
Largest movements
- Receivables within one year -€18,175
down €18,175 (-82.0%), from €22,165 to €3,990
of which Trade receivables: -€18,544
- Cash +€17,814
up €17,814 (+948%), from €1,879 to €19,693
mainly Depreciation (+€32,375) and Other debts (+€19,296)
- Tangible fixed assets +€10,934
up €10,934 (+12.4%), from €88,450 to €99,384
of which Furniture and vehicles: +€11,273
- Other debts +€19,296
up €19,296 (+85.3%), from €22,610 to €41,906
- Debts after one year -€16,590
down €16,590 (-58.5%), from €28,342 to €11,752
- Reserves +€15,064
up €15,064 (+67.5%), from €22,313 to €37,377
- Current portion of long-term debt -€9,000
down €9,000 (-52.0%), from €17,295 to €8,295
- Tax, wage and social debts +€3,325
up €3,325 (+139%), from €2,400 to €5,725
of which Remuneration and social security: +€2,325
- Turnover +€113,004
up €113,004 (+87.2%), from €129,573 to €242,577
- Gross operating margin +€60,098
up €60,098 (+92.1%), from €65,288 to €125,386
- Purchases and services +€52,906
up €52,906 (+82.3%), from €64,286 to €117,192
- Staff costs +€50,207
up €50,207 (+1,031%), from €4,868 to €55,075
- Depreciation +€8,095
up €8,095 (+33.3%), from €24,280 to €32,375
Change in the result, 2023 to 2024
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2023 and 2024 balance sheets and the 2024 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €112,494 | €123,067 | +€10,573 | +9.4% |
| Fixed assets | 21/28 | €88,450 | €99,384 | +€10,934 | +12.4% |
| Tangible fixed assets | 22/27 | €88,450 | €99,384 | +€10,934 | +12.4% |
| Plant, machinery and equipment | 23 | €1,073 | €734 | -€339 | -31.6% |
| Furniture and vehicles | 24 | €87,377 | €98,650 | +€11,273 | +12.9% |
| Current assets | 29/58 | €24,044 | €23,683 | -€361 | -1.5% |
| Amounts receivable within one year | 40/41 | €22,165 | €3,990 | -€18,175 | -82.0% |
| Trade receivables | 40 | €18,835 | €291 | -€18,544 | -98.5% |
| Other amounts receivable | 41 | €3,330 | €3,699 | +€369 | +11.1% |
| Cash at bank and in hand | 54/58 | €1,879 | €19,693 | +€17,814 | +948% |
| Total equity and liabilities | 10/49 | €112,494 | €123,067 | +€10,573 | +9.4% |
| Equity | 10/15 | €32,313 | €47,377 | +€15,064 | +46.6% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Reserves | 13 | €22,313 | €37,377 | +€15,064 | +67.5% |
| Distributable reserves | 133 | €22,313 | €37,377 | +€15,064 | +67.5% |
| Amounts payable | 17/49 | €80,181 | €75,690 | -€4,491 | -5.6% |
| Amounts payable after more than one year | 17 | €28,342 | €11,752 | -€16,590 | -58.5% |
| Financial debts | 170/4 | €28,342 | €11,752 | -€16,590 | -58.5% |
| Amounts payable within one year | 42/48 | €51,839 | €63,938 | +€12,099 | +23.3% |
| Current portion of amounts payable after more than one year | 42 | €17,295 | €8,295 | -€9,000 | -52.0% |
| Trade debts | 44 | €9,534 | €8,012 | -€1,522 | -16.0% |
| Suppliers | 440/4 | €9,534 | €8,012 | -€1,522 | -16.0% |
| Taxes, remuneration and social security | 45 | €2,400 | €5,725 | +€3,325 | +139% |
| Taxes | 450/3 | €2,400 | €3,400 | +€1,000 | +41.7% |
| Remuneration and social security | 454/9 | - | €2,325 | +€2,325 | |
| Other amounts payable | 47/48 | €22,610 | €41,906 | +€19,296 | +85.3% |
| Turnover | 70 | €129,573 | €242,577 | +€113,004 | +87.2% |
| Goods, raw materials, services and sundry goods | 60/61 | €64,286 | €117,192 | +€52,906 | +82.3% |
| Remuneration, social security and pensions | 62 | €4,868 | €55,075 | +€50,207 | +1,031% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €24,280 | €32,375 | +€8,095 | +33.3% |
| Other operating charges | 640/8 | €697 | €5,709 | +€5,012 | +719% |
| Gross operating margin | 9900 | €65,288 | €125,386 | +€60,098 | +92.1% |
| Operating profit (loss) | 9901 | €35,443 | €32,227 | -€3,216 | -9.1% |
| Financial charges | 65/66B | €628 | €7,163 | +€6,535 | +1,041% |
| Recurring financial charges | 65 | €628 | €7,163 | +€6,535 | +1,041% |
| Profit (loss) for the period before taxes | 9903 | €34,815 | €25,064 | -€9,751 | -28.0% |
| Income taxes | 67/77 | €11,400 | €10,000 | -€1,400 | -12.3% |
| Profit (loss) for the period | 9904 | €23,415 | €15,064 | -€8,351 | -35.7% |
| Profit (loss) for the period to be appropriated | 9905 | €23,415 | €15,064 | -€8,351 | -35.7% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Green is a favourable move for that line, red an unfavourable one. Prepared on 3 November 2026 via checked.be.