FUSIONIT: 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.
FUSIONIT
Largest movements
- Receivables within one year +€536,640
up €536,640 (+53.4%), from €1.0m to €1.5m
of which Trade receivables: +€528,835
- Cash +€236,822
up €236,822 (+127.8%), from €185,317 to €422,139
mainly Contributions, distributions and other (+€1.2m) and Accrued charges and deferred income (+€331,926)
- Intangible fixed assets -€197,436
down €197,436 (-100.0%), from €197,436 to €0
- Debts after one year -€1.3m
down €1.3m (-99.9%), from €1.3m to €1,000
of which Financial debts: -€1.3m
- Contributions +€1.2m
up €1.2m (+45.7%), from €2.6m to €3.8m
of which Capital: +€1.2m
- Accrued charges and deferred income +€331,926
up €331,926 (+286.1%), from €116,000 to €447,926
- Tax, wage and social debts +€115,951
up €115,951 (+141.5%), from €81,950 to €197,901
of which Remuneration and social security: +€93,726
- Current portion of long-term debt +€87,438
up €87,438 (+13356.2%), from €655 to €88,093
- Gross operating margin +€1.1m
up €1.1m, from -€66,439 to €1.1m
- Depreciation -€433,037
down €433,037 (-67.9%), from €637,755 to €204,719
- Write-downs +€77,666
up €77,666, from €0 to €77,666
- Financial income +€53,442
up €53,442 (+1656.2%), from €3,227 to €56,669
- Financial charges -€24,146
down €24,146 (-42.2%), from €57,203 to €33,057
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 | €1,416,456 | €1,984,249 | +€567,793 | +40.1% |
| Fixed assets | 21/28 | €223,208 | €18,489 | -€204,719 | -91.7% |
| Intangible fixed assets | 21 | €197,436 | €0 | -€197,436 | -100.0% |
| Tangible fixed assets | 22/27 | €12,222 | €4,939 | -€7,283 | -59.6% |
| Plant, machinery and equipment | 23 | €298 | €0 | -€298 | -100.0% |
| Furniture and vehicles | 24 | €11,924 | €4,939 | -€6,985 | -58.6% |
| Financial fixed assets | 28 | €13,550 | €13,550 | = | 0.0% |
| Current assets | 29/58 | €1,193,249 | €1,965,760 | +€772,512 | +64.7% |
| Amounts receivable within one year | 40/41 | €1,004,459 | €1,541,098 | +€536,640 | +53.4% |
| Trade receivables | 40 | €1,004,459 | €1,533,294 | +€528,835 | +52.6% |
| Other amounts receivable | 41 | €0 | €7,805 | +€7,805 | |
| Cash at bank and in hand | 54/58 | €185,317 | €422,139 | +€236,822 | +127.8% |
| Deferred charges and accrued income | 490/1 | €3,474 | €2,523 | -€950 | -27.4% |
| Total equity and liabilities | 10/49 | €1,416,456 | €1,984,249 | +€567,793 | +40.1% |
| Equity | 10/15 | -€686,896 | €584,025 | +€1.3m | |
| Contributions | 10/11 | €2,622,708 | €3,822,549 | +€1.2m | +45.7% |
| Capital | 10 | €1,532,991 | €2,732,833 | +€1.2m | +78.3% |
| Issued capital | 100 | €1,532,991 | €2,732,833 | +€1.2m | +78.3% |
| Outside capital | 11 | €1,089,716 | €1,089,716 | = | 0.0% |
| Share premium | 1100/10 | €1,089,716 | €1,089,716 | = | 0.0% |
| Reserves | 13 | €12,899 | €12,899 | = | 0.0% |
| Non-distributable reserves | 130/1 | €12,899 | €12,899 | = | 0.0% |
| Legal reserve | 130 | €12,899 | €12,899 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€3,322,502 | -€3,251,423 | +€71,079 | +2.1% |
| Amounts payable | 17/49 | €2,103,352 | €1,400,225 | -€703,128 | -33.4% |
| Amounts payable after more than one year | 17 | €1,278,385 | €1,000 | -€1.3m | -99.9% |
| Financial debts | 170/4 | €1,277,385 | €0 | -€1.3m | -100.0% |
| Other amounts payable | 178/9 | €1,000 | €1,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €708,967 | €951,299 | +€242,331 | +34.2% |
| Current portion of amounts payable after more than one year | 42 | €655 | €88,093 | +€87,438 | +13356.2% |
| Financial debts | 43 | €0 | - | = | |
| Credit institutions | 430/8 | €0 | - | = | |
| Trade debts | 44 | €626,362 | €665,305 | +€38,943 | +6.2% |
| Suppliers | 440/4 | €626,362 | €665,305 | +€38,943 | +6.2% |
| Taxes, remuneration and social security | 45 | €81,950 | €197,901 | +€115,951 | +141.5% |
| Taxes | 450/3 | €30,982 | €53,207 | +€22,225 | +71.7% |
| Remuneration and social security | 454/9 | €50,968 | €144,694 | +€93,726 | +183.9% |
| Accrued charges and deferred income | 492/3 | €116,000 | €447,926 | +€331,926 | +286.1% |
| Remuneration, social security and pensions | 62 | €533,168 | €549,566 | +€16,397 | +3.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €637,755 | €204,719 | -€433,037 | -67.9% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €0 | €77,666 | +€77,666 | |
| Other operating charges | 640/8 | €648 | €641 | -€7 | -1.1% |
| Non-recurring operating charges | 66A | €48,976 | €170,436 | +€121,460 | +248.0% |
| Gross operating margin | 9900 | -€66,439 | €1,051,025 | +€1.1m | |
| Operating profit (loss) | 9901 | -€1,286,988 | €47,997 | +€1.3m | |
| Financial income | 75/76B | €3,227 | €56,669 | +€53,442 | +1656.2% |
| Recurring financial income | 75 | €3,227 | €56,669 | +€53,442 | +1656.2% |
| Financial charges | 65/66B | €57,203 | €33,057 | -€24,146 | -42.2% |
| Recurring financial charges | 65 | €57,203 | €33,057 | -€24,146 | -42.2% |
| Profit (loss) for the period before taxes | 9903 | -€1,340,964 | €71,609 | +€1.4m | |
| Income taxes | 67/77 | €409 | €529 | +€120 | +29.4% |
| Profit (loss) for the period | 9904 | -€1,341,373 | €71,079 | +€1.4m | |
| Profit (loss) for the period to be appropriated | 9905 | -€1,341,373 | €71,079 | +€1.4m |
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 5 October 2026 via checked.be.