Fuselab: 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.
Fuselab
Largest movements
- Cash +€242,980
up €242,980 (+1,765%), from €13,764 to €256,744
mainly Contributions, distributions and other (+€916,328) and Depreciation (+€107,224)
- Intangible fixed assets +€106,781
up €106,781 (+13.5%), from €792,482 to €899,263
- Deferred charges and accrued income +€13,160
up €13,160 (+236%), from €5,565 to €18,724
- Contributions +€527,753
up €527,753 (+17,592%), from €3,000 to €530,753
- Other debts -€462,869
down €462,869 (-94.0%), from €492,288 to €29,420
- Profit (loss) carried forward +€274,201
up €274,201 (+70.6%), from -€388,575 to -€114,374
- Tax, wage and social debts +€14,300
up €14,300 (+53.4%), from €26,772 to €41,072
of which Remuneration and social security: +€14,497
- Trade debts +€13,306
up €13,306 (+1.9%), from €684,852 to €698,158
- Staff costs +€71,492
up €71,492 (+82.2%), from €86,932 to €158,424
- Gross operating margin -€21,109
down €21,109 (-12.0%), from €176,356 to €155,247
- Depreciation +€18,502
up €18,502 (+20.9%), from €88,722 to €107,224
- Financial charges +€2,725
up €2,725 (+413%), from €660 to €3,384
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.
Derived cash bridge
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 | €818,337 | €1,185,029 | +€366,692 | +44.8% |
| Fixed assets | 21/28 | €794,037 | €901,720 | +€107,683 | +13.6% |
| Intangible fixed assets | 21 | €792,482 | €899,263 | +€106,781 | +13.5% |
| Tangible fixed assets | 22/27 | €1,555 | €2,457 | +€902 | +58.0% |
| Plant, machinery and equipment | 23 | €1,555 | €2,457 | +€902 | +58.0% |
| Current assets | 29/58 | €24,300 | €283,309 | +€259,009 | +1,066% |
| Amounts receivable within one year | 40/41 | €4,971 | €7,841 | +€2,870 | +57.7% |
| Trade receivables | 40 | €821 | - | -€821 | |
| Other amounts receivable | 41 | €4,151 | €7,841 | +€3,690 | +88.9% |
| Cash at bank and in hand | 54/58 | €13,764 | €256,744 | +€242,980 | +1,765% |
| Deferred charges and accrued income | 490/1 | €5,565 | €18,724 | +€13,160 | +236% |
| Total equity and liabilities | 10/49 | €818,337 | €1,185,029 | +€366,692 | +44.8% |
| Equity | 10/15 | -€385,575 | €416,379 | +€801,954 | |
| Contributions | 10/11 | €3,000 | €530,753 | +€527,753 | +17,592% |
| Profit (loss) carried forward | 14 | -€388,575 | -€114,374 | +€274,201 | +70.6% |
| Amounts payable | 17/49 | €1,203,912 | €768,649 | -€435,263 | -36.2% |
| Amounts payable within one year | 42/48 | €1,203,912 | €768,649 | -€435,263 | -36.2% |
| Trade debts | 44 | €684,852 | €698,158 | +€13,306 | +1.9% |
| Suppliers | 440/4 | €684,852 | €698,158 | +€13,306 | +1.9% |
| Taxes, remuneration and social security | 45 | €26,772 | €41,072 | +€14,300 | +53.4% |
| Taxes | 450/3 | €2,954 | €2,757 | -€197 | -6.7% |
| Remuneration and social security | 454/9 | €23,818 | €38,315 | +€14,497 | +60.9% |
| Other amounts payable | 47/48 | €492,288 | €29,420 | -€462,869 | -94.0% |
| Non-recurring operating income | 76A | €139,541 | - | -€139,541 | |
| Remuneration, social security and pensions | 62 | €86,932 | €158,424 | +€71,492 | +82.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €88,722 | €107,224 | +€18,502 | +20.9% |
| Other operating charges | 640/8 | €259 | €654 | +€395 | +152% |
| Gross operating margin | 9900 | €176,356 | €155,247 | -€21,109 | -12.0% |
| Operating profit (loss) | 9901 | €442 | -€111,056 | -€111,498 | |
| Financial income | 75/76B | €11 | €27 | +€16 | +138% |
| Recurring financial income | 75 | €11 | €27 | +€16 | +138% |
| Financial charges | 65/66B | €660 | €3,384 | +€2,725 | +413% |
| Recurring financial charges | 65 | €660 | €3,384 | +€2,725 | +413% |
| Profit (loss) for the period before taxes | 9903 | -€206 | -€114,413 | -€114,207 | -55,360% |
| Income taxes | 67/77 | €268 | -€39 | -€308 | |
| Profit (loss) for the period | 9904 | -€475 | -€114,374 | -€113,899 | -24,002% |
| Profit (loss) for the period to be appropriated | 9905 | -€475 | -€114,374 | -€113,899 | -24,002% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 27 October 2026 via checked.be.