Ficaro: 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.
Ficaro
Largest movements
- Cash +€128,037
up €128,037 (+828%), from €15,467 to €143,504
mainly Net result for the year (+€204,878) and Deferred charges and accrued income (+€28,257)
- Current investments +€76,955
up €76,955 (+26.1%), from €295,000 to €371,955
- Deferred charges and accrued income -€28,257
down €28,257 (-87.0%), from €32,471 to €4,213
- Receivables within one year +€8,157
up €8,157 (+449%), from €1,819 to €9,976
of which Other amounts receivable: +€9,976
- Profit (loss) carried forward +€204,878
up €204,878 (+61.1%), from €335,412 to €540,291
- Debts after one year -€11,493
down €11,493 (-49.0%), from €23,438 to €11,945
- Gross operating margin -€89,214
down €89,214 (-24.3%), from €367,869 to €278,654
- Taxes -€20,575
down €20,575 (-24.2%), from €84,935 to €64,360
- Financial income +€6,491
up €6,491 (+214%), from €3,040 to €9,530
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €391,367 | €579,671 | +€188,304 | +48.1% |
| Fixed assets | 21/28 | €46,611 | €50,023 | +€3,412 | +7.3% |
| Tangible fixed assets | 22/27 | €46,611 | €50,023 | +€3,412 | +7.3% |
| Furniture and vehicles | 24 | €46,611 | €50,023 | +€3,412 | +7.3% |
| Current assets | 29/58 | €344,756 | €529,649 | +€184,892 | +53.6% |
| Amounts receivable within one year | 40/41 | €1,819 | €9,976 | +€8,157 | +449% |
| Trade receivables | 40 | €1,819 | €0 | -€1,819 | -100% |
| Other amounts receivable | 41 | - | €9,976 | +€9,976 | |
| Current investments | 50/53 | €295,000 | €371,955 | +€76,955 | +26.1% |
| Cash at bank and in hand | 54/58 | €15,467 | €143,504 | +€128,037 | +828% |
| Deferred charges and accrued income | 490/1 | €32,471 | €4,213 | -€28,257 | -87.0% |
| Total equity and liabilities | 10/49 | €391,367 | €579,671 | +€188,304 | +48.1% |
| Equity | 10/15 | €337,412 | €542,291 | +€204,878 | +60.7% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €335,412 | €540,291 | +€204,878 | +61.1% |
| Amounts payable | 17/49 | €53,955 | €37,381 | -€16,574 | -30.7% |
| Amounts payable after more than one year | 17 | €23,438 | €11,945 | -€11,493 | -49.0% |
| Financial debts | 170/4 | €23,438 | €11,945 | -€11,493 | -49.0% |
| Amounts payable within one year | 42/48 | €30,517 | €25,436 | -€5,081 | -16.7% |
| Current portion of amounts payable after more than one year | 42 | €11,058 | €11,493 | +€435 | +3.9% |
| Financial debts | 43 | €70 | €0 | -€70 | -100% |
| Credit institutions | 430/8 | €70 | €0 | -€70 | -100% |
| Trade debts | 44 | €1,917 | €695 | -€1,222 | -63.7% |
| Suppliers | 440/4 | €1,917 | €695 | -€1,222 | -63.7% |
| Taxes, remuneration and social security | 45 | €12,935 | €12,935 | = | 0.0% |
| Taxes | 450/3 | €12,935 | €12,935 | = | 0.0% |
| Other amounts payable | 47/48 | €4,537 | €313 | -€4,224 | -93.1% |
| Remuneration, social security and pensions | 62 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,623 | €16,438 | +€816 | +5.2% |
| Other operating charges | 640/8 | €460 | €699 | +€239 | +52.1% |
| Gross operating margin | 9900 | €367,869 | €278,654 | -€89,214 | -24.3% |
| Operating profit (loss) | 9901 | €351,787 | €261,517 | -€90,270 | -25.7% |
| Financial income | 75/76B | €3,040 | €9,530 | +€6,491 | +214% |
| Recurring financial income | 75 | €3,040 | €9,530 | +€6,491 | +214% |
| Financial charges | 65/66B | €2,473 | €1,809 | -€664 | -26.9% |
| Recurring financial charges | 65 | €2,473 | €1,809 | -€664 | -26.9% |
| Profit (loss) for the period before taxes | 9903 | €352,353 | €269,238 | -€83,115 | -23.6% |
| Income taxes | 67/77 | €84,935 | €64,360 | -€20,575 | -24.2% |
| Profit (loss) for the period | 9904 | €267,418 | €204,878 | -€62,540 | -23.4% |
| Profit (loss) for the period to be appropriated | 9905 | €267,418 | €204,878 | -€62,540 | -23.4% |
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 25 October 2026 via checked.be.