FICALEX: 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.
FICALEX
Largest movements
- Current investments -€100,000
no longer reported in 2025 (was €100,000)
- Tangible fixed assets +€70,403
up €70,403 (+20.2%), from €349,318 to €419,721
of which Land and buildings: +€243,855
- Cash +€60,864
up €60,864 (+34.0%), from €179,141 to €240,005
mainly Current investments (+€100,000) and Net result for the year (+€43,477)
- Receivables within one year +€9,927
up €9,927 (+60.9%), from €16,300 to €26,227
of which Trade receivables: +€6,341
- Profit (loss) carried forward +€40,702
up €40,702 (+12.5%), from €325,319 to €366,021
- Debts after one year -€17,946
down €17,946 (-7.4%), from €243,274 to €225,328
- Current portion of long-term debt +€9,094
up €9,094 (+117.1%), from €7,769 to €16,863
- Gross operating margin +€10,710
up €10,710 (+5.0%), from €212,580 to €223,290
- Depreciation +€9,952
up €9,952 (+46.0%), from €21,639 to €31,591
- Staff costs +€9,766
up €9,766 (+8.5%), from €115,570 to €125,336
- Taxes -€2,818
down €2,818 (-18.0%), from €15,657 to €12,839
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 | €653,350 | €690,970 | +€37,620 | +5.8% |
| Fixed assets | 21/28 | €349,368 | €419,771 | +€70,403 | +20.2% |
| Tangible fixed assets | 22/27 | €349,318 | €419,721 | +€70,403 | +20.2% |
| Land and buildings | 22 | €93,000 | €336,855 | +€243,855 | +262.2% |
| Furniture and vehicles | 24 | €50,437 | €57,926 | +€7,489 | +14.8% |
| Other tangible fixed assets | 26 | €32,730 | €24,940 | -€7,790 | -23.8% |
| Assets under construction and advance payments | 27 | €173,151 | - | -€173,151 | |
| Financial fixed assets | 28 | €50 | €50 | = | 0.0% |
| Current assets | 29/58 | €303,982 | €271,199 | -€32,783 | -10.8% |
| Amounts receivable within one year | 40/41 | €16,300 | €26,227 | +€9,927 | +60.9% |
| Trade receivables | 40 | €15,540 | €21,881 | +€6,341 | +40.8% |
| Other amounts receivable | 41 | €760 | €4,346 | +€3,586 | +471.8% |
| Current investments | 50/53 | €100,000 | - | -€100,000 | |
| Cash at bank and in hand | 54/58 | €179,141 | €240,005 | +€60,864 | +34.0% |
| Deferred charges and accrued income | 490/1 | €8,541 | €4,967 | -€3,574 | -41.8% |
| Total equity and liabilities | 10/49 | €653,350 | €690,970 | +€37,620 | +5.8% |
| Equity | 10/15 | €356,419 | €397,121 | +€40,702 | +11.4% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €12,500 | €12,500 | = | 0.0% |
| Tax-exempt reserves | 132 | €12,500 | €12,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €325,319 | €366,021 | +€40,702 | +12.5% |
| Amounts payable | 17/49 | €296,931 | €293,849 | -€3,082 | -1.0% |
| Amounts payable after more than one year | 17 | €243,274 | €225,328 | -€17,946 | -7.4% |
| Financial debts | 170/4 | €243,274 | €225,328 | -€17,946 | -7.4% |
| Amounts payable within one year | 42/48 | €52,349 | €68,404 | +€16,055 | +30.7% |
| Current portion of amounts payable after more than one year | 42 | €7,769 | €16,863 | +€9,094 | +117.1% |
| Trade debts | 44 | €2,045 | €6,640 | +€4,595 | +224.7% |
| Suppliers | 440/4 | €2,045 | €6,640 | +€4,595 | +224.7% |
| Taxes, remuneration and social security | 45 | €13,759 | €16,155 | +€2,396 | +17.4% |
| Taxes | 450/3 | €210 | - | -€210 | |
| Remuneration and social security | 454/9 | €13,549 | €16,155 | +€2,606 | +19.2% |
| Other amounts payable | 47/48 | €28,776 | €28,746 | -€30 | -0.1% |
| Accrued charges and deferred income | 492/3 | €1,308 | €117 | -€1,191 | -91.1% |
| Remuneration, social security and pensions | 62 | €115,570 | €125,336 | +€9,766 | +8.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €21,639 | €31,591 | +€9,952 | +46.0% |
| Other operating charges | 640/8 | €1,286 | €3,408 | +€2,122 | +165.0% |
| Gross operating margin | 9900 | €212,580 | €223,290 | +€10,710 | +5.0% |
| Operating profit (loss) | 9901 | €74,085 | €62,955 | -€11,130 | -15.0% |
| Financial income | 75/76B | €6,482 | €4,281 | -€2,201 | -34.0% |
| Recurring financial income | 75 | €6,482 | €4,281 | -€2,201 | -34.0% |
| Financial charges | 65/66B | €10,201 | €10,920 | +€719 | +7.0% |
| Recurring financial charges | 65 | €10,201 | €10,920 | +€719 | +7.0% |
| Profit (loss) for the period before taxes | 9903 | €70,366 | €56,316 | -€14,050 | -20.0% |
| Income taxes | 67/77 | €15,657 | €12,839 | -€2,818 | -18.0% |
| Profit (loss) for the period | 9904 | €54,709 | €43,477 | -€11,232 | -20.5% |
| Profit (loss) for the period to be appropriated | 9905 | €54,709 | €43,477 | -€11,232 | -20.5% |
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 2 October 2026 via checked.be.