Fusion Consult: 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.
Fusion Consult
Largest movements
- Receivables within one year -€19,964
down €19,964 (-48.0%), from €41,615 to €21,651
of which Trade receivables: -€11,693
- Tangible fixed assets +€4,474
up €4,474 (+56.3%), from €7,946 to €12,420
of which Plant, machinery and equipment: +€4,649
- Cash +€930
up €930 (+7.3%), from €12,717 to €13,647
mainly Net result for the year (+€61,735) and Receivables within one year (+€19,964)
- Tax, wage and social debts -€15,146
down €15,146 (-27.2%), from €55,716 to €40,570
- Trade debts +€725
up €725 (+25.6%), from €2,832 to €3,557
- Gross operating margin -€16,255
down €16,255 (-15.3%), from €106,173 to €89,918
- Financial charges +€4,473
up €4,473 (+908.4%), from €492 to €4,965
- Taxes -€4,052
down €4,052 (-19.1%), from €21,172 to €17,120
- Other operating charges +€1,598
up €1,598 (+405.5%), from €394 to €1,992
- Depreciation +€1,574
up €1,574 (+54.5%), from €2,890 to €4,463
From the 2025 result to the 2026 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 2025 and 2026 balance sheets and the 2026 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €62,368 | €47,808 | -€14,560 | -23.3% |
| Fixed assets | 21/28 | €8,036 | €12,510 | +€4,474 | +55.7% |
| Tangible fixed assets | 22/27 | €7,946 | €12,420 | +€4,474 | +56.3% |
| Plant, machinery and equipment | 23 | €2,940 | €7,589 | +€4,649 | +158.2% |
| Furniture and vehicles | 24 | €5,007 | €2,915 | -€2,092 | -41.8% |
| Other tangible fixed assets | 26 | - | €1,916 | +€1,916 | |
| Financial fixed assets | 28 | €90 | €90 | = | 0.0% |
| Current assets | 29/58 | €54,332 | €35,298 | -€19,034 | -35.0% |
| Amounts receivable within one year | 40/41 | €41,615 | €21,651 | -€19,964 | -48.0% |
| Trade receivables | 40 | €33,344 | €21,651 | -€11,693 | -35.1% |
| Other amounts receivable | 41 | €8,271 | - | -€8,271 | |
| Cash at bank and in hand | 54/58 | €12,717 | €13,647 | +€930 | +7.3% |
| Total equity and liabilities | 10/49 | €62,368 | €47,808 | -€14,560 | -23.3% |
| Equity | 10/15 | €3,820 | €3,555 | -€265 | -6.9% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €820 | €555 | -€265 | -32.3% |
| Amounts payable | 17/49 | €58,548 | €44,253 | -€14,295 | -24.4% |
| Amounts payable within one year | 42/48 | €58,548 | €44,253 | -€14,295 | -24.4% |
| Trade debts | 44 | €2,832 | €3,557 | +€725 | +25.6% |
| Suppliers | 440/4 | €2,832 | €3,557 | +€725 | +25.6% |
| Taxes, remuneration and social security | 45 | €55,716 | €40,570 | -€15,146 | -27.2% |
| Taxes | 450/3 | €55,716 | €40,570 | -€15,146 | -27.2% |
| Other amounts payable | 47/48 | - | €126 | +€126 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,890 | €4,463 | +€1,574 | +54.5% |
| Other operating charges | 640/8 | €394 | €1,992 | +€1,598 | +405.5% |
| Gross operating margin | 9900 | €106,173 | €89,918 | -€16,255 | -15.3% |
| Operating profit (loss) | 9901 | €102,890 | €83,463 | -€19,427 | -18.9% |
| Financial income | 75/76B | €487 | €357 | -€130 | -26.6% |
| Recurring financial income | 75 | €487 | €357 | -€130 | -26.6% |
| Financial charges | 65/66B | €492 | €4,965 | +€4,473 | +908.4% |
| Recurring financial charges | 65 | €492 | €4,965 | +€4,473 | +908.4% |
| Profit (loss) for the period before taxes | 9903 | €102,884 | €78,855 | -€24,029 | -23.4% |
| Income taxes | 67/77 | €21,172 | €17,120 | -€4,052 | -19.1% |
| Profit (loss) for the period | 9904 | €81,712 | €61,735 | -€19,977 | -24.4% |
| Profit (loss) for the period to be appropriated | 9905 | €81,712 | €61,735 | -€19,977 | -24.4% |
Source: filed annual accounts (NBB), fiscal years ended 31 March 2025 and 31 March 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 2 October 2026 via checked.be.