FUSION WOOD: 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 WOOD
Largest movements
- Tangible fixed assets -€4,604
down €4,604 (-13.9%), from €33,011 to €28,407
of which Land and buildings: -€3,837
- Cash +€1,074
up €1,074 (+85.8%), from €1,252 to €2,326
mainly Depreciation (+€4,604) and Tax, wage and social debts (+€1,367)
- Profit (loss) carried forward -€5,430
down €5,430 (-20.3%), from -€26,777 to -€32,208
- Tax, wage and social debts +€1,367
new in 2025: €1,367
- Other debts +€983
up €983 (+1.7%), from €56,651 to €57,634
- Trade debts -€485
no longer reported in 2025 (was €485)
- Gross operating margin +€3,482
up €3,482 (+81.8%), from -€4,254 to -€772
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 | €35,359 | €31,793 | -€3,565 | -10.1% |
| Fixed assets | 21/28 | €33,011 | €28,407 | -€4,604 | -13.9% |
| Tangible fixed assets | 22/27 | €33,011 | €28,407 | -€4,604 | -13.9% |
| Land and buildings | 22 | €30,376 | €26,539 | -€3,837 | -12.6% |
| Furniture and vehicles | 24 | €2,635 | €1,868 | -€767 | -29.1% |
| Current assets | 29/58 | €2,348 | €3,386 | +€1,038 | +44.2% |
| Amounts receivable within one year | 40/41 | €1,096 | €1,060 | -€36 | -3.3% |
| Trade receivables | 40 | €875 | - | -€875 | |
| Other amounts receivable | 41 | €221 | €1,060 | +€839 | +380% |
| Cash at bank and in hand | 54/58 | €1,252 | €2,326 | +€1,074 | +85.8% |
| Total equity and liabilities | 10/49 | €35,359 | €31,793 | -€3,565 | -10.1% |
| Equity | 10/15 | -€21,777 | -€27,208 | -€5,430 | -24.9% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€26,777 | -€32,208 | -€5,430 | -20.3% |
| Amounts payable | 17/49 | €57,136 | €59,001 | +€1,865 | +3.3% |
| Amounts payable within one year | 42/48 | €57,136 | €59,001 | +€1,865 | +3.3% |
| Trade debts | 44 | €485 | - | -€485 | |
| Suppliers | 440/4 | €485 | - | -€485 | |
| Taxes, remuneration and social security | 45 | - | €1,367 | +€1,367 | |
| Taxes | 450/3 | - | €1,367 | +€1,367 | |
| Other amounts payable | 47/48 | €56,651 | €57,634 | +€983 | +1.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,604 | €4,604 | = | 0.0% |
| Gross operating margin | 9900 | -€4,254 | -€772 | +€3,482 | +81.8% |
| Operating profit (loss) | 9901 | -€8,858 | -€5,376 | +€3,482 | +39.3% |
| Financial charges | 65/66B | €66 | €54 | -€12 | -18.2% |
| Recurring financial charges | 65 | €66 | €54 | -€12 | -18.2% |
| Profit (loss) for the period before taxes | 9903 | -€8,924 | -€5,430 | +€3,494 | +39.2% |
| Profit (loss) for the period | 9904 | -€8,924 | -€5,430 | +€3,494 | +39.2% |
| Profit (loss) for the period to be appropriated | 9905 | -€8,924 | -€5,430 | +€3,494 | +39.2% |
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 31 October 2026 via checked.be.