AP FISCO: 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.
AP FISCO
Largest movements
- Receivables within one year -€86,073
down €86,073 (-60.1%), from €143,157 to €57,084
of which Other amounts receivable: -€76,515
- Receivables after one year -€60,000
down €60,000 (-21.1%), from €285,000 to €225,000
- Deferred charges and accrued income +€16,564
up €16,564 (+3785.1%), from €438 to €17,002
- Debts after one year -€54,383
down €54,383 (-36.0%), from €151,170 to €96,787
- Tax, wage and social debts -€32,182
down €32,182 (-89.4%), from €35,987 to €3,805
- Short-term financial debts -€32,174
no longer reported in 2022 (was €32,174)
- Current portion of long-term debt -€12,271
down €12,271 (-18.4%), from €66,654 to €54,383
- Gross operating margin -€170,788
down €170,788, from €168,248 to -€2,540
- Staff costs -€141,310
no longer reported in 2022 (was €141,310)
- Financial income +€15,669
up €15,669 (+1175.7%), from €1,333 to €17,002
- Financial charges -€5,321
down €5,321 (-43.5%), from €12,244 to €6,923
- Write-downs -€4,980
no longer reported in 2022 (was €4,980)
From the 2021 result to the 2022 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 2021 and 2022 balance sheets and the 2022 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2021 | 2022 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €443,558 | €313,154 | -€130,404 | -29.4% |
| Current assets | 29/58 | €443,558 | €313,154 | -€130,404 | -29.4% |
| Amounts receivable after more than one year | 29 | €285,000 | €225,000 | -€60,000 | -21.1% |
| Other amounts receivable | 291 | €285,000 | €225,000 | -€60,000 | -21.1% |
| Amounts receivable within one year | 40/41 | €143,157 | €57,084 | -€86,073 | -60.1% |
| Trade receivables | 40 | €11,828 | €2,269 | -€9,558 | -80.8% |
| Other amounts receivable | 41 | €131,329 | €54,814 | -€76,515 | -58.3% |
| Current investments | 50/53 | €9,315 | €9,315 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €5,649 | €4,753 | -€895 | -15.9% |
| Deferred charges and accrued income | 490/1 | €438 | €17,002 | +€16,564 | +3785.1% |
| Total equity and liabilities | 10/49 | €443,558 | €313,154 | -€130,404 | -29.4% |
| Equity | 10/15 | €157,395 | €158,179 | +€784 | +0.5% |
| Contributions | 10/11 | €30,000 | €30,000 | = | 0.0% |
| Reserves | 13 | €127,395 | €128,179 | +€784 | +0.6% |
| Non-distributable reserves | 130/1 | €25,118 | €25,118 | = | 0.0% |
| Reserves not available under the articles | 1311 | €25,118 | €25,118 | = | 0.0% |
| Distributable reserves | 133 | €102,277 | €103,061 | +€784 | +0.8% |
| Amounts payable | 17/49 | €286,163 | €154,975 | -€131,188 | -45.8% |
| Amounts payable after more than one year | 17 | €151,170 | €96,787 | -€54,383 | -36.0% |
| Financial debts | 170/4 | €151,170 | €96,787 | -€54,383 | -36.0% |
| Amounts payable within one year | 42/48 | €134,993 | €58,188 | -€76,805 | -56.9% |
| Current portion of amounts payable after more than one year | 42 | €66,654 | €54,383 | -€12,271 | -18.4% |
| Financial debts | 43 | €32,174 | - | -€32,174 | |
| Credit institutions | 430/8 | €32,174 | - | -€32,174 | |
| Trade debts | 44 | €178 | - | -€178 | |
| Suppliers | 440/4 | €178 | - | -€178 | |
| Taxes, remuneration and social security | 45 | €35,987 | €3,805 | -€32,182 | -89.4% |
| Taxes | 450/3 | €35,987 | €3,805 | -€32,182 | -89.4% |
| Non-recurring operating income | 76A | €7,802 | - | -€7,802 | |
| Remuneration, social security and pensions | 62 | €141,310 | - | -€141,310 | |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €4,980 | - | -€4,980 | |
| Other operating charges | 640/8 | €579 | €985 | +€405 | +70.0% |
| Non-recurring operating charges | 66A | - | €5,390 | +€5,390 | |
| Gross operating margin | 9900 | €168,248 | -€2,540 | -€170,788 | |
| Operating profit (loss) | 9901 | €21,379 | -€8,914 | -€30,293 | |
| Financial income | 75/76B | €1,333 | €17,002 | +€15,669 | +1175.7% |
| Recurring financial income | 75 | €1,333 | €17,002 | +€15,669 | +1175.7% |
| Financial charges | 65/66B | €12,244 | €6,923 | -€5,321 | -43.5% |
| Recurring financial charges | 65 | €12,244 | €6,923 | -€5,321 | -43.5% |
| Profit (loss) for the period before taxes | 9903 | €10,468 | €1,165 | -€9,303 | -88.9% |
| Income taxes | 67/77 | €3,424 | €381 | -€3,042 | -88.9% |
| Profit (loss) for the period | 9904 | €7,045 | €784 | -€6,261 | -88.9% |
| Profit (loss) for the period to be appropriated | 9905 | €7,045 | €784 | -€6,261 | -88.9% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2021 and 31 December 2022. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 5 October 2026 via checked.be.