AG Fisc: what changed
AG Fisc
Largest movements
- Cash +€76,036
up €76,036 (+195%), from €39,031 to €115,067
mainly Net result for the year (+€122,407) and Receivables within one year (+€63,679)
- Receivables within one year -€63,679
down €63,679 (-46.5%), from €136,899 to €73,220
of which Other amounts receivable: -€42,326
- Current investments +€17,617
up €17,617 (+16.0%), from €110,343 to €127,960
- Receivables after one year -€11,825
down €11,825 (-26.1%), from €45,271 to €33,447
- Other debts +€31,491
up €31,491 (+26.3%), from €119,693 to €151,184
- Reserves -€27,377
down €27,377 (-7.8%), from €352,080 to €324,703
- Tax, wage and social debts +€7,751
up €7,751 (+24.2%), from €32,072 to €39,823
of which Taxes: +€7,743
- Depreciation -€27,183
down €27,183 (-83.1%), from €32,726 to €5,542
- Gross operating margin +€17,734
up €17,734 (+13.1%), from €135,645 to €153,379
- Financial income -€15,148
down €15,148 (-40.7%), from €37,179 to €22,032
- Taxes +€11,971
up €11,971 (+35.5%), from €33,704 to €45,675
Change in the result, 2025 to 2026
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2025 and 2026 balance sheets and the 2026 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €605,888 | €617,243 | +€11,355 | +1.9% |
| Fixed assets | 21/28 | €268,700 | €263,158 | -€5,542 | -2.1% |
| Tangible fixed assets | 22/27 | €268,134 | €262,592 | -€5,542 | -2.1% |
| Land and buildings | 22 | €264,689 | €259,497 | -€5,192 | -2.0% |
| Furniture and vehicles | 24 | €3,445 | €3,095 | -€350 | -10.2% |
| Financial fixed assets | 28 | €566 | €566 | = | 0.0% |
| Current assets | 29/58 | €337,187 | €354,085 | +€16,898 | +5.0% |
| Amounts receivable after more than one year | 29 | €45,271 | €33,447 | -€11,825 | -26.1% |
| Other amounts receivable | 291 | €45,271 | €33,447 | -€11,825 | -26.1% |
| Amounts receivable within one year | 40/41 | €136,899 | €73,220 | -€63,679 | -46.5% |
| Trade receivables | 40 | €82,746 | €61,392 | -€21,353 | -25.8% |
| Other amounts receivable | 41 | €54,153 | €11,828 | -€42,326 | -78.2% |
| Current investments | 50/53 | €110,343 | €127,960 | +€17,617 | +16.0% |
| Cash at bank and in hand | 54/58 | €39,031 | €115,067 | +€76,036 | +195% |
| Deferred charges and accrued income | 490/1 | €5,643 | €4,391 | -€1,252 | -22.2% |
| Total equity and liabilities | 10/49 | €605,888 | €617,243 | +€11,355 | +1.9% |
| Equity | 10/15 | €407,153 | €379,776 | -€27,377 | -6.7% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €352,080 | €324,703 | -€27,377 | -7.8% |
| Distributable reserves | 133 | €352,080 | €324,703 | -€27,377 | -7.8% |
| Profit (loss) carried forward | 14 | €36,473 | €36,473 | = | 0.0% |
| Provisions and deferred taxes | 16 | €36,205 | €36,205 | = | 0.0% |
| Provisions for liabilities and charges | 160/5 | €36,205 | €36,205 | = | 0.0% |
| Pensions and similar obligations | 160 | €36,205 | €36,205 | = | 0.0% |
| Amounts payable | 17/49 | €162,529 | €201,262 | +€38,732 | +23.8% |
| Amounts payable within one year | 42/48 | €161,817 | €199,555 | +€37,738 | +23.3% |
| Trade debts | 44 | €10,052 | €8,548 | -€1,504 | -15.0% |
| Suppliers | 440/4 | €10,052 | €8,548 | -€1,504 | -15.0% |
| Taxes, remuneration and social security | 45 | €32,072 | €39,823 | +€7,751 | +24.2% |
| Taxes | 450/3 | €29,288 | €37,030 | +€7,743 | +26.4% |
| Remuneration and social security | 454/9 | €2,784 | €2,793 | +€9 | +0.3% |
| Other amounts payable | 47/48 | €119,693 | €151,184 | +€31,491 | +26.3% |
| Accrued charges and deferred income | 492/3 | €712 | €1,707 | +€995 | +140% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €32,726 | €5,542 | -€27,183 | -83.1% |
| Other operating charges | 640/8 | €583 | €1,493 | +€910 | +156% |
| Gross operating margin | 9900 | €135,645 | €153,379 | +€17,734 | +13.1% |
| Operating profit (loss) | 9901 | €102,337 | €146,344 | +€44,007 | +43.0% |
| Financial income | 75/76B | €37,179 | €22,032 | -€15,148 | -40.7% |
| Recurring financial income | 75 | €37,179 | €22,032 | -€15,148 | -40.7% |
| Financial charges | 65/66B | €103 | €293 | +€190 | +184% |
| Recurring financial charges | 65 | €103 | €293 | +€190 | +184% |
| Profit (loss) for the period before taxes | 9903 | €139,413 | €168,082 | +€28,669 | +20.6% |
| Income taxes | 67/77 | €33,704 | €45,675 | +€11,971 | +35.5% |
| Profit (loss) for the period | 9904 | €105,709 | €122,407 | +€16,698 | +15.8% |
| Profit (loss) for the period to be appropriated | 9905 | €105,709 | €122,407 | +€16,698 | +15.8% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 March 2025 and 31 March 2026. Green is a favourable move for that line, red an unfavourable one. Prepared on 5 November 2026 via checked.be.