FUSION-K: 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-K
Largest movements
- Current assets -€12,613
down €12,613 (-25.5%), from €49,555 to €36,942
of which Receivables within one year: -€17,777
- Tangible fixed assets -€1,637
down €1,637 (-77.9%), from €2,100 to €463
- Profit (loss) carried forward -€12,755
down €12,755, from €1,413 to -€11,343
- Debts within one year -€1,369
down €1,369 (-3.2%), from €43,407 to €42,038
of which Trade debts: -€1,494
- Staff costs +€36,311
new in 2021: €36,311
- Gross operating margin +€12,402
up €12,402 (+31.4%), from €39,550 to €51,953
- Financial charges +€5,583
new in 2021: €5,583
of which Non-recurring financial charges: +€5,327
- Other operating charges +€761
new in 2021: €761
- Taxes +€615
up €615 (+490.4%), from €125 to €740
From the 2019 result to the 2021 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
A cash bridge needs two consecutive fiscal years: one year's result and depreciation cannot explain a change over several years. Pick two years that follow each other.
Every line side by side
| Line | Code | 2019 | 2021 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €51,655 | €37,530 | -€14,125 | -27.3% |
| Fixed assets | 21/28 | €2,100 | €588 | -€1,512 | -72.0% |
| Tangible fixed assets | 22/27 | €2,100 | €463 | -€1,637 | -77.9% |
| Furniture and vehicles | 24 | - | €463 | +€463 | |
| Financial fixed assets | 28 | - | €125 | +€125 | |
| Current assets | 29/58 | €49,555 | €36,942 | -€12,613 | -25.5% |
| Stocks and contracts in progress | 3 | €3,000 | €3,000 | = | 0.0% |
| Stocks | 30/36 | - | €3,000 | +€3,000 | |
| Amounts receivable within one year | 40/41 | €41,637 | €23,860 | -€17,777 | -42.7% |
| Trade receivables | 40 | - | €23,860 | +€23,860 | |
| Cash at bank and in hand | 54/58 | €4,842 | €9,525 | +€4,683 | +96.7% |
| Deferred charges and accrued income | 490/1 | - | €557 | +€557 | |
| Total equity and liabilities | 10/49 | €51,655 | €37,530 | -€14,125 | -27.3% |
| Equity | 10/15 | €8,248 | -€4,508 | -€12,755 | |
| Contributions | 10/11 | €6,300 | €6,300 | = | 0.0% |
| Capital | 10 | - | €6,300 | +€6,300 | |
| Issued capital | 100 | - | €18,600 | +€18,600 | |
| Uncalled capital | 101 | - | €12,300 | +€12,300 | |
| Reserves | 13 | €535 | €535 | = | 0.0% |
| Non-distributable reserves | 130/1 | - | €535 | +€535 | |
| Legal reserve | 130 | - | €535 | +€535 | |
| Profit (loss) carried forward | 14 | €1,413 | -€11,343 | -€12,755 | |
| Amounts payable | 17/49 | €43,407 | €42,038 | -€1,369 | -3.2% |
| Amounts payable within one year | 42/48 | €43,407 | €42,038 | -€1,369 | -3.2% |
| Trade debts | 44 | €16,113 | €14,619 | -€1,494 | -9.3% |
| Suppliers | 440/4 | - | €14,619 | +€14,619 | |
| Taxes, remuneration and social security | 45 | - | €16,275 | +€16,275 | |
| Taxes | 450/3 | - | €9,985 | +€9,985 | |
| Remuneration and social security | 454/9 | - | €6,290 | +€6,290 | |
| Other amounts payable | 47/48 | - | €11,144 | +€11,144 | |
| Remuneration, social security and pensions | 62 | - | €36,311 | +€36,311 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,050 | €1,086 | +€36 | +3.4% |
| Other operating charges | 640/8 | - | €761 | +€761 | |
| Gross operating margin | 9900 | €39,550 | €51,953 | +€12,402 | +31.4% |
| Operating profit (loss) | 9901 | €1,116 | €13,795 | +€12,679 | +1136.5% |
| Financial income | 75/76B | - | €31 | +€31 | |
| Recurring financial income | 75 | - | €31 | +€31 | |
| Financial charges | 65/66B | - | €5,583 | +€5,583 | |
| Recurring financial charges | 65 | €1,176 | €255 | -€921 | -78.3% |
| Non-recurring financial charges | 66B | - | €5,327 | +€5,327 | |
| Profit (loss) for the period before taxes | 9903 | -€60 | €8,243 | +€8,303 | |
| Income taxes | 67/77 | €125 | €740 | +€615 | +490.4% |
| Profit (loss) for the period | 9904 | -€186 | €7,503 | +€7,689 | |
| Profit (loss) for the period to be appropriated | 9905 | -€186 | €7,503 | +€7,689 |
Source: filed annual accounts (NBB), fiscal years ended 30 September 2019 and 30 September 2021. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.