FUSHIA: 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.
FUSHIA
Largest movements
- Current investments +€6,287
up €6,287 (+14.6%), from €43,003 to €49,290
- Tangible fixed assets -€1,827
down €1,827 (-48.3%), from €3,784 to €1,957
of which Furniture and vehicles: -€1,168
- Receivables within one year -€1,060
down €1,060 (-23.1%), from €4,584 to €3,524
of which Trade receivables: -€2,317
- Profit (loss) carried forward +€5,912
up €5,912 (+50.2%), from €11,787 to €17,698
- Debts after one year -€1,912
down €1,912 (-100.0%), from €1,912 to €0
- Current portion of long-term debt -€1,609
down €1,609 (-39.7%), from €4,052 to €2,443
- Trade debts +€1,180
up €1,180 (+97.2%), from €1,214 to €2,394
- Other debts -€1,004
down €1,004 (-100.0%), from €1,004 to €0
- Gross operating margin -€7,628
down €7,628 (-38.0%), from €20,060 to €12,432
- Taxes -€1,632
down €1,632 (-36.0%), from €4,528 to €2,896
- Write-downs -€400
down €400 (-100.0%), from €400 to €0
- Financial charges +€255
up €255 (+29.3%), from €871 to €1,126
- Depreciation +€246
up €246 (+15.6%), from €1,581 to €1,827
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 | €52,948 | €55,573 | +€2,625 | +5.0% |
| Fixed assets | 21/28 | €3,784 | €1,957 | -€1,827 | -48.3% |
| Tangible fixed assets | 22/27 | €3,784 | €1,957 | -€1,827 | -48.3% |
| Land and buildings | 22 | €0 | - | = | |
| Plant, machinery and equipment | 23 | €685 | €248 | -€437 | -63.8% |
| Furniture and vehicles | 24 | €2,655 | €1,487 | -€1,168 | -44.0% |
| Other tangible fixed assets | 26 | €444 | €222 | -€222 | -50.0% |
| Current assets | 29/58 | €49,164 | €53,617 | +€4,452 | +9.1% |
| Amounts receivable within one year | 40/41 | €4,584 | €3,524 | -€1,060 | -23.1% |
| Trade receivables | 40 | €4,500 | €2,183 | -€2,317 | -51.5% |
| Other amounts receivable | 41 | €84 | €1,341 | +€1,257 | +1496.0% |
| Current investments | 50/53 | €43,003 | €49,290 | +€6,287 | +14.6% |
| Cash at bank and in hand | 54/58 | €640 | €281 | -€359 | -56.1% |
| Deferred charges and accrued income | 490/1 | €937 | €522 | -€415 | -44.3% |
| Total equity and liabilities | 10/49 | €52,948 | €55,573 | +€2,625 | +5.0% |
| Equity | 10/15 | €36,697 | €42,609 | +€5,912 | +16.1% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €6,310 | €6,310 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €4,450 | €4,450 | = | 0.0% |
| Profit (loss) carried forward | 14 | €11,787 | €17,698 | +€5,912 | +50.2% |
| Amounts payable | 17/49 | €16,251 | €12,965 | -€3,286 | -20.2% |
| Amounts payable after more than one year | 17 | €1,912 | €0 | -€1,912 | -100.0% |
| Financial debts | 170/4 | €1,912 | €0 | -€1,912 | -100.0% |
| Amounts payable within one year | 42/48 | €14,339 | €12,965 | -€1,374 | -9.6% |
| Current portion of amounts payable after more than one year | 42 | €4,052 | €2,443 | -€1,609 | -39.7% |
| Financial debts | 43 | €4,950 | €5,321 | +€371 | +7.5% |
| Credit institutions | 430/8 | €553 | €740 | +€188 | +33.9% |
| Other loans | 439 | €4,398 | €4,581 | +€183 | +4.2% |
| Trade debts | 44 | €1,214 | €2,394 | +€1,180 | +97.2% |
| Suppliers | 440/4 | €1,214 | €2,394 | +€1,180 | +97.2% |
| Taxes, remuneration and social security | 45 | €3,119 | €2,807 | -€312 | -10.0% |
| Taxes | 450/3 | €3,119 | €2,807 | -€312 | -10.0% |
| Remuneration and social security | 454/9 | €0 | - | = | |
| Other amounts payable | 47/48 | €1,004 | €0 | -€1,004 | -100.0% |
| Non-recurring operating income | 76A | - | €50 | +€50 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,581 | €1,827 | +€246 | +15.6% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €400 | €0 | -€400 | -100.0% |
| Other operating charges | 640/8 | €646 | €728 | +€82 | +12.8% |
| Gross operating margin | 9900 | €20,060 | €12,432 | -€7,628 | -38.0% |
| Operating profit (loss) | 9901 | €17,433 | €9,876 | -€7,556 | -43.3% |
| Financial income | 75/76B | €129 | €57 | -€72 | -56.0% |
| Recurring financial income | 75 | €129 | €57 | -€72 | -56.0% |
| Financial charges | 65/66B | €871 | €1,126 | +€255 | +29.3% |
| Recurring financial charges | 65 | €871 | €1,126 | +€255 | +29.3% |
| Profit (loss) for the period before taxes | 9903 | €16,691 | €8,807 | -€7,884 | -47.2% |
| Income taxes | 67/77 | €4,528 | €2,896 | -€1,632 | -36.0% |
| Profit (loss) for the period | 9904 | €12,163 | €5,912 | -€6,252 | -51.4% |
| Profit (loss) for the period to be appropriated | 9905 | €12,163 | €5,912 | -€6,252 | -51.4% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 10 October 2026 via checked.be.