FIELSIN: 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.
FIELSIN
Largest movements
- Receivables within one year -€147,994
down €147,994 (-35.3%), from €419,452 to €271,459
- Cash +€29,144
up €29,144 (+26.7%), from €109,184 to €138,328
mainly Net result for the year (+€516,539) and Receivables within one year (+€147,994)
- Tangible fixed assets -€17,583
down €17,583 (-47.4%), from €37,107 to €19,524
of which Furniture and vehicles: -€16,297
- Other debts -€124,794
down €124,794 (-26.2%), from €476,000 to €351,206
- Reserves -€13,461
down €13,461 (-26.6%), from €50,568 to €37,107
of which Distributable reserves: -€13,461
- Current portion of long-term debt -€9,494
down €9,494 (-74.8%), from €12,691 to €3,197
- Tax, wage and social debts +€6,604
up €6,604 (+245.8%), from €2,687 to €9,291
- Gross operating margin -€94,887
down €94,887 (-12.2%), from €779,349 to €684,462
- Taxes -€30,792
down €30,792 (-17.1%), from €180,294 to €149,502
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 | €565,743 | €429,310 | -€136,433 | -24.1% |
| Fixed assets | 21/28 | €37,107 | €19,524 | -€17,583 | -47.4% |
| Tangible fixed assets | 22/27 | €37,107 | €19,524 | -€17,583 | -47.4% |
| Plant, machinery and equipment | 23 | €4,739 | €3,452 | -€1,286 | -27.1% |
| Furniture and vehicles | 24 | €32,368 | €16,071 | -€16,297 | -50.3% |
| Current assets | 29/58 | €528,636 | €409,786 | -€118,850 | -22.5% |
| Amounts receivable within one year | 40/41 | €419,452 | €271,459 | -€147,994 | -35.3% |
| Trade receivables | 40 | €419,452 | €271,459 | -€147,994 | -35.3% |
| Cash at bank and in hand | 54/58 | €109,184 | €138,328 | +€29,144 | +26.7% |
| Total equity and liabilities | 10/49 | €565,743 | €429,310 | -€136,433 | -24.1% |
| Equity | 10/15 | €69,168 | €55,707 | -€13,461 | -19.5% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Capital | 10 | €18,600 | €18,600 | = | 0.0% |
| Issued capital | 100 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €50,568 | €37,107 | -€13,461 | -26.6% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Legal reserve | 130 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €48,708 | €35,247 | -€13,461 | -27.6% |
| Amounts payable | 17/49 | €496,575 | €373,603 | -€122,972 | -24.8% |
| Amounts payable after more than one year | 17 | €3,197 | - | -€3,197 | |
| Financial debts | 170/4 | €3,197 | - | -€3,197 | |
| Amounts payable within one year | 42/48 | €491,378 | €367,385 | -€123,993 | -25.2% |
| Current portion of amounts payable after more than one year | 42 | €12,691 | €3,197 | -€9,494 | -74.8% |
| Trade debts | 44 | - | €3,690 | +€3,690 | |
| Suppliers | 440/4 | - | €3,690 | +€3,690 | |
| Taxes, remuneration and social security | 45 | €2,687 | €9,291 | +€6,604 | +245.8% |
| Taxes | 450/3 | €2,687 | €9,291 | +€6,604 | +245.8% |
| Other amounts payable | 47/48 | €476,000 | €351,206 | -€124,794 | -26.2% |
| Accrued charges and deferred income | 492/3 | €2,000 | €6,219 | +€4,219 | +210.9% |
| Remuneration, social security and pensions | 62 | €481 | €548 | +€67 | +13.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €18,560 | €17,583 | -€977 | -5.3% |
| Other operating charges | 640/8 | €500 | €1,010 | +€509 | +101.8% |
| Gross operating margin | 9900 | €779,349 | €684,462 | -€94,887 | -12.2% |
| Operating profit (loss) | 9901 | €759,808 | €665,322 | -€94,486 | -12.4% |
| Financial income | 75/76B | €979 | €942 | -€36 | -3.7% |
| Recurring financial income | 75 | €979 | €942 | -€36 | -3.7% |
| Financial charges | 65/66B | €431 | €223 | -€207 | -48.2% |
| Recurring financial charges | 65 | €431 | €223 | -€207 | -48.2% |
| Profit (loss) for the period before taxes | 9903 | €760,356 | €666,041 | -€94,315 | -12.4% |
| Income taxes | 67/77 | €180,294 | €149,502 | -€30,792 | -17.1% |
| Profit (loss) for the period | 9904 | €580,062 | €516,539 | -€63,524 | -11.0% |
| Profit (loss) for the period to be appropriated | 9905 | €580,062 | €516,539 | -€63,524 | -11.0% |
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 4 October 2026 via checked.be.