Fusion SLV: 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 SLV
Largest movements
- Tangible fixed assets -€16,249
down €16,249 (-22.5%), from €72,314 to €56,065
of which Furniture and vehicles: -€10,093
- Receivables within one year -€10,182
down €10,182 (-59.9%), from €16,990 to €6,808
of which Other amounts receivable: -€10,032
- Cash -€2,272
down €2,272 (-73.4%), from €3,098 to €825
mainly Net result for the year (-€51,347) and Debts after one year (-€17,983)
- Profit (loss) carried forward -€51,347
down €51,347 (-116.1%), from -€44,240 to -€95,587
- Other debts +€39,978
up €39,978 (+700.6%), from €5,706 to €45,684
- Debts after one year -€17,983
down €17,983 (-16.2%), from €111,251 to €93,269
- Current portion of long-term debt +€3,051
up €3,051 (+24.8%), from €12,317 to €15,367
- Trade debts -€2,300
down €2,300 (-99.2%), from €2,318 to €18
- Staff costs +€7,156
new in 2025: €7,156
- Gross operating margin +€4,935
up €4,935 (+20.2%), from -€24,477 to -€19,541
- Financial charges +€2,624
up €2,624 (+49.6%), from €5,289 to €7,913
- Depreciation +€1,633
up €1,633 (+11.2%), from €14,617 to €16,249
- Financial income -€439
down €439 (-99.1%), from €443 to €4
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 | €92,455 | €63,752 | -€28,704 | -31.0% |
| Fixed assets | 21/28 | €72,314 | €56,065 | -€16,249 | -22.5% |
| Tangible fixed assets | 22/27 | €72,314 | €56,065 | -€16,249 | -22.5% |
| Plant, machinery and equipment | 23 | €828 | €456 | -€372 | -45.0% |
| Furniture and vehicles | 24 | €48,097 | €38,004 | -€10,093 | -21.0% |
| Other tangible fixed assets | 26 | €23,389 | €17,605 | -€5,784 | -24.7% |
| Current assets | 29/58 | €20,141 | €7,687 | -€12,454 | -61.8% |
| Amounts receivable within one year | 40/41 | €16,990 | €6,808 | -€10,182 | -59.9% |
| Trade receivables | 40 | €750 | €600 | -€150 | -20.0% |
| Other amounts receivable | 41 | €16,240 | €6,208 | -€10,032 | -61.8% |
| Cash at bank and in hand | 54/58 | €3,098 | €825 | -€2,272 | -73.4% |
| Deferred charges and accrued income | 490/1 | €53 | €53 | = | 0.0% |
| Total equity and liabilities | 10/49 | €92,455 | €63,752 | -€28,704 | -31.0% |
| Equity | 10/15 | -€39,240 | -€90,587 | -€51,347 | -130.9% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€44,240 | -€95,587 | -€51,347 | -116.1% |
| Amounts payable | 17/49 | €131,695 | €154,338 | +€22,643 | +17.2% |
| Amounts payable after more than one year | 17 | €111,251 | €93,269 | -€17,983 | -16.2% |
| Financial debts | 170/4 | €111,251 | €93,269 | -€17,983 | -16.2% |
| Amounts payable within one year | 42/48 | €20,444 | €61,070 | +€40,626 | +198.7% |
| Current portion of amounts payable after more than one year | 42 | €12,317 | €15,367 | +€3,051 | +24.8% |
| Trade debts | 44 | €2,318 | €18 | -€2,300 | -99.2% |
| Suppliers | 440/4 | €2,318 | €18 | -€2,300 | -99.2% |
| Taxes, remuneration and social security | 45 | €103 | - | -€103 | |
| Taxes | 450/3 | €103 | - | -€103 | |
| Other amounts payable | 47/48 | €5,706 | €45,684 | +€39,978 | +700.6% |
| Remuneration, social security and pensions | 62 | - | €7,156 | +€7,156 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,617 | €16,249 | +€1,633 | +11.2% |
| Other operating charges | 640/8 | €301 | €491 | +€191 | +63.3% |
| Gross operating margin | 9900 | -€24,477 | -€19,541 | +€4,935 | +20.2% |
| Operating profit (loss) | 9901 | -€39,394 | -€43,438 | -€4,044 | -10.3% |
| Financial income | 75/76B | €443 | €4 | -€439 | -99.1% |
| Recurring financial income | 75 | €443 | €4 | -€439 | -99.1% |
| Financial charges | 65/66B | €5,289 | €7,913 | +€2,624 | +49.6% |
| Recurring financial charges | 65 | €5,289 | €7,913 | +€2,624 | +49.6% |
| Profit (loss) for the period before taxes | 9903 | -€44,240 | -€51,347 | -€7,107 | -16.1% |
| Profit (loss) for the period | 9904 | -€44,240 | -€51,347 | -€7,107 | -16.1% |
| Profit (loss) for the period to be appropriated | 9905 | -€44,240 | -€51,347 | -€7,107 | -16.1% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 1 October 2026 via checked.be.