FICAF: 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.
What changed
FICAF
NACE 82.990, Other business support services
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€2.6m
2024 · €2.6m-€6,856
Equity
€31.7m
2024 · €39.1m-€7.4m
Cash
€682,225
2024 · €11.7m-€11.0m
Balance sheet total
€99.1m
2024 · €115.1m-€16.0m
Largest movements
Assets
- Cash -€11.0m
down €11.0m (-94.2%), from €11.7m to €682,225
mainly Other debts (-€14.6m) and Contributions, distributions and other (-€10.0m)
- Receivables within one year -€3.2m
down €3.2m (-3.8%), from €84.5m to €81.3m
of which Other amounts receivable: -€3.0m
- Receivables after one year -€2.0m
down €2.0m (-14.8%), from €13.4m to €11.4m
Equity and liabilities
- Other debts -€14.6m
down €14.6m (-19.9%), from €73.6m to €59.0m
- Profit (loss) carried forward -€7.4m
down €7.4m (-59.8%), from €12.4m to €5.0m
- Short-term financial debts +€7.0m
new in 2025: €7.0m
Income statement
- Financial income -€1.9m
down €1.9m (-27.5%), from €6.9m to €5.0m
- Financial charges -€1.8m
down €1.8m (-50.2%), from €3.7m to €1.8m
- Other operating income +€470,356
up €470,356 (+35.5%), from €1.3m to €1.8m
- Other operating charges +€414,189
up €414,189 (+3,523%), from €11,755 to €425,944
- Staff costs +€178,432
up €178,432 (+20.3%), from €877,611 to €1.1m
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.
Result 2024
€2.6m
Turnover
+€40,860
Other operating income
+€470,356
Services and other goods
-€99,919
Staff costs
-€178,432
Depreciation
+€163,690
Other operating charges
-€414,189
Financial income
-€1.9m
Financial charges
+€1.8m
Taxes
+€52,937
Result 2025
€2.6m
raises the resultlowers the result
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.
From operations
-€7.4m
Investment
-€648,417
Financing
-€3.0m
Cash 2024
€11.7m
From operations (derived)
-€7.4m
Net result for the year
+€2.6m
Depreciation
+€489,545
Receivables after one year
+€2.0m
Receivables within one year
+€3.2m
Trade debts
-€888,851
Tax, wage and social debts
+€450,230
Other debts
-€14.6m
Accrued charges and deferred income
-€514,535
Investment (derived)
-€648,417
Investment in fixed assets (net)
-€648,417
Financing
-€3.0m
Short-term financial debts
+€7.0m
Contributions, distributions and other
-€10.0m
Cash 2025
€682,225
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €115,120,619 | €99,104,180 | -€16.0m | -13.9% |
| Fixed assets | 21/28 | €5,552,939 | €5,711,811 | +€158,872 | +2.9% |
| Tangible fixed assets | 22/27 | €4,272,282 | €4,431,154 | +€158,872 | +3.7% |
| Land and buildings | 22 | €3,500,924 | €3,350,163 | -€150,761 | -4.3% |
| Plant, machinery and equipment | 23 | €759,178 | €434,772 | -€324,406 | -42.7% |
| Furniture and vehicles | 24 | €6,523 | €4,523 | -€2,000 | -30.7% |
| Other tangible fixed assets | 26 | €5,657 | €3,947 | -€1,710 | -30.2% |
| Assets under construction and advance payments | 27 | €0 | €637,749 | +€637,749 | |
| Financial fixed assets | 28 | €1,280,657 | €1,280,657 | = | 0.0% |
| Affiliated companies | 280/1 | €1,280,657 | €1,280,657 | = | 0.0% |
| Participating interests | 280 | €1,280,657 | €1,280,657 | = | 0.0% |
| Current assets | 29/58 | €109,567,680 | €93,392,369 | -€16.2m | -14.8% |
| Amounts receivable after more than one year | 29 | €13,370,002 | €11,396,283 | -€2.0m | -14.8% |
| Other amounts receivable | 291 | €13,370,002 | €11,396,283 | -€2.0m | -14.8% |
| Stocks and contracts in progress | 3 | €0 | €0 | = | |
| Amounts receivable within one year | 40/41 | €84,494,144 | €81,313,861 | -€3.2m | -3.8% |
| Trade receivables | 40 | €1,259,581 | €1,119,714 | -€139,866 | -11.1% |
| Other amounts receivable | 41 | €83,234,564 | €80,194,147 | -€3.0m | -3.7% |
| Current investments | 50/53 | €0 | - | = | |
| Other investments | 51/53 | €0 | - | = | |
| Cash at bank and in hand | 54/58 | €11,703,534 | €682,225 | -€11.0m | -94.2% |
| Deferred charges and accrued income | 490/1 | €0 | - | = | |
| Total equity and liabilities | 10/49 | €115,120,619 | €99,104,180 | -€16.0m | -13.9% |
| Equity | 10/15 | €39,110,757 | €31,683,597 | -€7.4m | -19.0% |
| Contributions | 10/11 | €20,000,000 | €20,000,000 | = | 0.0% |
| Capital | 10 | €20,000,000 | €20,000,000 | = | 0.0% |
| Issued capital | 100 | €20,000,000 | €20,000,000 | = | 0.0% |
| Reserves | 13 | €6,690,500 | €6,690,500 | = | 0.0% |
| Non-distributable reserves | 130/1 | €2,000,000 | €2,000,000 | = | 0.0% |
| Legal reserve | 130 | €2,000,000 | €2,000,000 | = | 0.0% |
| Tax-exempt reserves | 132 | €2,105,000 | €1,684,000 | -€421,000 | -20.0% |
| Distributable reserves | 133 | €2,585,500 | €3,006,500 | +€421,000 | +16.3% |
| Profit (loss) carried forward | 14 | €12,420,257 | €4,993,097 | -€7.4m | -59.8% |
| Amounts payable | 17/49 | €76,009,862 | €67,420,583 | -€8.6m | -11.3% |
| Amounts payable within one year | 42/48 | €75,495,327 | €67,420,583 | -€8.1m | -10.7% |
| Financial debts | 43 | - | €7,000,000 | +€7.0m | |
| Credit institutions | 430/8 | - | €7,000,000 | +€7.0m | |
| Trade debts | 44 | €1,289,024 | €400,173 | -€888,851 | -69.0% |
| Suppliers | 440/4 | €1,289,024 | €400,173 | -€888,851 | -69.0% |
| Taxes, remuneration and social security | 45 | €570,985 | €1,021,215 | +€450,230 | +78.9% |
| Taxes | 450/3 | €428,486 | €832,419 | +€403,933 | +94.3% |
| Remuneration and social security | 454/9 | €142,499 | €188,796 | +€46,297 | +32.5% |
| Other amounts payable | 47/48 | €73,635,319 | €58,999,195 | -€14.6m | -19.9% |
| Accrued charges and deferred income | 492/3 | €514,535 | €0 | -€514,535 | -100% |
| Operating income | 70/76A | €2,776,509 | €3,287,726 | +€511,216 | +18.4% |
| Turnover | 70 | €1,453,380 | €1,494,240 | +€40,860 | +2.8% |
| Other operating income | 74 | €1,323,129 | €1,793,486 | +€470,356 | +35.5% |
| Operating charges | 60/66A | €2,428,897 | €2,957,747 | +€528,850 | +21.8% |
| Services and other goods | 61 | €886,297 | €986,215 | +€99,919 | +11.3% |
| Remuneration, social security and pensions | 62 | €877,611 | €1,056,043 | +€178,432 | +20.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €653,235 | €489,545 | -€163,690 | -25.1% |
| Other operating charges | 640/8 | €11,755 | €425,944 | +€414,189 | +3,523% |
| Operating profit (loss) | 9901 | €347,612 | €329,979 | -€17,633 | -5.1% |
| Financial income | 75/76B | €6,858,351 | €4,970,214 | -€1.9m | -27.5% |
| Recurring financial income | 75 | €6,858,351 | €4,970,214 | -€1.9m | -27.5% |
| Income from financial fixed assets | 750 | €0 | - | = | |
| Income from current assets | 751 | €6,025,355 | €3,380,025 | -€2.6m | -43.9% |
| Other financial income | 752/9 | €832,996 | €1,590,189 | +€757,193 | +90.9% |
| Financial charges | 65/66B | €3,677,350 | €1,831,373 | -€1.8m | -50.2% |
| Recurring financial charges | 65 | €3,677,350 | €1,831,373 | -€1.8m | -50.2% |
| Debt charges | 650 | €3,037,679 | €1,371,403 | -€1.7m | -54.9% |
| Other financial charges | 652/9 | €639,671 | €459,969 | -€179,702 | -28.1% |
| Profit (loss) for the period before taxes | 9903 | €3,528,613 | €3,468,820 | -€59,793 | -1.7% |
| Income taxes | 67/77 | €948,917 | €895,981 | -€52,937 | -5.6% |
| Taxes | 670/3 | €965,551 | €895,981 | -€69,571 | -7.2% |
| Tax adjustments and reversals of tax provisions | 77 | €16,634 | €0 | -€16,634 | -100% |
| Profit (loss) for the period | 9904 | €2,579,696 | €2,572,840 | -€6,856 | -0.3% |
| Transfer from tax-exempt reserves | 789 | €421,000 | €421,000 | = | 0.0% |
| Transfer to tax-exempt reserves | 689 | €947,250 | €0 | -€947,250 | -100% |
| Profit (loss) for the period to be appropriated | 9905 | €2,053,446 | €2,993,840 | +€940,394 | +45.8% |
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 15 October 2026 via checked.be.