Fierce Tactics: 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.
Fierce Tactics
Largest movements
- Receivables within one year +€106,383
up €106,383 (+130.1%), from €81,794 to €188,176
of which Other amounts receivable: +€58,310
- Cash -€26,808
down €26,808 (-97.0%), from €27,641 to €833
mainly Receivables within one year (-€106,383) and Investment in fixed assets (net) (-€3,861)
- Tangible fixed assets +€3,811
new in 2025: €3,811
- Profit (loss) carried forward +€74,816
up €74,816 (+116.4%), from €64,279 to €139,096
- Trade debts +€7,352
new in 2025: €7,352
- Gross operating margin +€92,992
up €92,992 (+959.6%), from €9,690 to €102,682
- Taxes +€22,609
new in 2025: €22,609
- Other operating charges +€9,988
up €9,988 (+3335.7%), from €299 to €10,287
- Financial income +€5,128
new in 2025: €5,128
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 | €109,435 | €192,821 | +€83,386 | +76.2% |
| Fixed assets | 21/28 | - | €3,811 | +€3,811 | |
| Tangible fixed assets | 22/27 | - | €3,811 | +€3,811 | |
| Land and buildings | 22 | - | €3,811 | +€3,811 | |
| Current assets | 29/58 | €109,435 | €189,010 | +€79,575 | +72.7% |
| Amounts receivable within one year | 40/41 | €81,794 | €188,176 | +€106,383 | +130.1% |
| Trade receivables | 40 | €16,443 | €64,516 | +€48,073 | +292.4% |
| Other amounts receivable | 41 | €65,351 | €123,661 | +€58,310 | +89.2% |
| Cash at bank and in hand | 54/58 | €27,641 | €833 | -€26,808 | -97.0% |
| Total equity and liabilities | 10/49 | €109,435 | €192,821 | +€83,386 | +76.2% |
| Equity | 10/15 | €74,279 | €149,096 | +€74,816 | +100.7% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €64,279 | €139,096 | +€74,816 | +116.4% |
| Amounts payable | 17/49 | €35,155 | €43,725 | +€8,569 | +24.4% |
| Amounts payable within one year | 42/48 | €35,155 | €43,725 | +€8,569 | +24.4% |
| Trade debts | 44 | - | €7,352 | +€7,352 | |
| Suppliers | 440/4 | - | €7,352 | +€7,352 | |
| Taxes, remuneration and social security | 45 | €35,155 | €36,372 | +€1,217 | +3.5% |
| Taxes | 450/3 | €35,155 | €36,372 | +€1,217 | +3.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €50 | +€50 | |
| Other operating charges | 640/8 | €299 | €10,287 | +€9,988 | +3335.7% |
| Gross operating margin | 9900 | €9,690 | €102,682 | +€92,992 | +959.6% |
| Operating profit (loss) | 9901 | €9,391 | €92,346 | +€82,955 | +883.4% |
| Financial income | 75/76B | - | €5,128 | +€5,128 | |
| Recurring financial income | 75 | - | €5,128 | +€5,128 | |
| Financial charges | 65/66B | €59 | €48 | -€11 | -18.3% |
| Recurring financial charges | 65 | €59 | €48 | -€11 | -18.3% |
| Profit (loss) for the period before taxes | 9903 | €9,332 | €97,425 | +€88,093 | +944.0% |
| Income taxes | 67/77 | - | €22,609 | +€22,609 | |
| Profit (loss) for the period | 9904 | €9,332 | €74,816 | +€65,484 | +701.7% |
| Profit (loss) for the period to be appropriated | 9905 | €9,332 | €74,816 | +€65,484 | +701.7% |
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 28 September 2026 via checked.be.