Fusion ArTech: 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.
Fusion ArTech
Largest movements
- Receivables within one year +€10,274
up €10,274 (+8.8%), from €116,677 to €126,951
of which Other amounts receivable: +€7,885
- Cash +€9,768
up €9,768 (+54.0%), from €18,101 to €27,869
mainly Net result for the year (+€73,373) and Other debts (+€57,530)
- Other debts +€57,530
up €57,530 (+106%), from €54,470 to €112,000
- Profit (loss) carried forward -€38,627
down €38,627 (-52.4%), from €73,667 to €35,040
- Gross operating margin +€1,172
up €1,172 (+1.2%), from €97,467 to €98,639
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 | €149,026 | €170,061 | +€21,035 | +14.1% |
| Fixed assets | 21/28 | €13,715 | €15,241 | +€1,526 | +11.1% |
| Tangible fixed assets | 22/27 | €13,615 | €15,142 | +€1,526 | +11.2% |
| Furniture and vehicles | 24 | €4,147 | €5,223 | +€1,076 | +25.9% |
| Other tangible fixed assets | 26 | €9,468 | €9,918 | +€451 | +4.8% |
| Financial fixed assets | 28 | €100 | €100 | = | 0.0% |
| Current assets | 29/58 | €135,311 | €154,820 | +€19,509 | +14.4% |
| Amounts receivable within one year | 40/41 | €116,677 | €126,951 | +€10,274 | +8.8% |
| Trade receivables | 40 | €105,235 | €107,624 | +€2,389 | +2.3% |
| Other amounts receivable | 41 | €11,442 | €19,327 | +€7,885 | +68.9% |
| Cash at bank and in hand | 54/58 | €18,101 | €27,869 | +€9,768 | +54.0% |
| Deferred charges and accrued income | 490/1 | €534 | - | -€534 | |
| Total equity and liabilities | 10/49 | €149,026 | €170,061 | +€21,035 | +14.1% |
| Equity | 10/15 | €74,667 | €36,040 | -€38,627 | -51.7% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €73,667 | €35,040 | -€38,627 | -52.4% |
| Amounts payable | 17/49 | €74,359 | €134,021 | +€59,662 | +80.2% |
| Amounts payable within one year | 42/48 | €73,972 | €133,427 | +€59,456 | +80.4% |
| Trade debts | 44 | €7,184 | €8,828 | +€1,644 | +22.9% |
| Suppliers | 440/4 | €7,184 | €8,828 | +€1,644 | +22.9% |
| Taxes, remuneration and social security | 45 | €12,317 | €12,599 | +€282 | +2.3% |
| Taxes | 450/3 | €9,317 | €9,599 | +€282 | +3.0% |
| Remuneration and social security | 454/9 | €3,000 | €3,000 | = | 0.0% |
| Other amounts payable | 47/48 | €54,470 | €112,000 | +€57,530 | +106% |
| Accrued charges and deferred income | 492/3 | €387 | €594 | +€206 | +53.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,273 | €3,999 | +€726 | +22.2% |
| Other operating charges | 640/8 | €1,540 | €1,143 | -€397 | -25.8% |
| Gross operating margin | 9900 | €97,467 | €98,639 | +€1,172 | +1.2% |
| Operating profit (loss) | 9901 | €92,654 | €93,497 | +€843 | +0.9% |
| Financial income | 75/76B | €922 | €10 | -€913 | -99.0% |
| Recurring financial income | 75 | €922 | €10 | -€913 | -99.0% |
| Financial charges | 65/66B | €1,340 | €1,345 | +€5 | +0.4% |
| Recurring financial charges | 65 | €1,340 | €1,345 | +€5 | +0.4% |
| Profit (loss) for the period before taxes | 9903 | €92,237 | €92,162 | -€75 | -0.1% |
| Income taxes | 67/77 | €18,570 | €18,788 | +€219 | +1.2% |
| Profit (loss) for the period | 9904 | €73,667 | €73,373 | -€294 | -0.4% |
| Profit (loss) for the period to be appropriated | 9905 | €73,667 | €73,373 | -€294 | -0.4% |
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 16 October 2026 via checked.be.