Fiesys: 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.
Fiesys
Largest movements
- Tangible fixed assets -€59,879
down €59,879 (-10.2%), from €588,886 to €529,007
of which Land and buildings: -€59,922
- Cash +€51,010
up €51,010 (+41.6%), from €122,657 to €173,667
mainly Depreciation (+€82,379) and Net result for the year (+€55,521)
- Debts after one year -€90,681
down €90,681 (-27.6%), from €328,464 to €237,783
- Reserves +€55,521
up €55,521 (+79.7%), from €69,668 to €125,189
- Trade debts +€38,690
up €38,690 (+87.6%), from €44,183 to €82,873
- Current portion of long-term debt -€15,172
down €15,172 (-13.3%), from €113,930 to €98,758
- Gross operating margin -€31,122
down €31,122 (-9.0%), from €346,132 to €315,010
- Staff costs -€14,118
down €14,118 (-8.6%), from €163,685 to €149,567
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 | €778,315 | €764,891 | -€13,424 | -1.7% |
| Fixed assets | 21/28 | €612,386 | €546,507 | -€65,879 | -10.8% |
| Intangible fixed assets | 21 | €23,500 | €17,500 | -€6,000 | -25.5% |
| Tangible fixed assets | 22/27 | €588,886 | €529,007 | -€59,879 | -10.2% |
| Land and buildings | 22 | €536,737 | €476,814 | -€59,922 | -11.2% |
| Plant, machinery and equipment | 23 | €49,944 | €50,614 | +€670 | +1.3% |
| Furniture and vehicles | 24 | €2,205 | €1,579 | -€626 | -28.4% |
| Current assets | 29/58 | €165,929 | €218,384 | +€52,455 | +31.6% |
| Stocks and contracts in progress | 3 | €13,482 | €10,950 | -€2,532 | -18.8% |
| Stocks | 30/36 | €13,482 | €10,950 | -€2,532 | -18.8% |
| Amounts receivable within one year | 40/41 | €6,938 | €8,044 | +€1,106 | +15.9% |
| Trade receivables | 40 | €2,467 | €5,808 | +€3,341 | +135.4% |
| Other amounts receivable | 41 | €4,471 | €2,236 | -€2,235 | -50.0% |
| Cash at bank and in hand | 54/58 | €122,657 | €173,667 | +€51,010 | +41.6% |
| Deferred charges and accrued income | 490/1 | €22,851 | €25,723 | +€2,871 | +12.6% |
| Total equity and liabilities | 10/49 | €778,315 | €764,891 | -€13,424 | -1.7% |
| Equity | 10/15 | €88,268 | €143,789 | +€55,521 | +62.9% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €69,668 | €125,189 | +€55,521 | +79.7% |
| Distributable reserves | 133 | €69,668 | €125,189 | +€55,521 | +79.7% |
| Profit (loss) carried forward | 14 | €0 | - | = | |
| Amounts payable | 17/49 | €690,047 | €621,102 | -€68,945 | -10.0% |
| Amounts payable after more than one year | 17 | €328,464 | €237,783 | -€90,681 | -27.6% |
| Financial debts | 170/4 | €328,464 | €237,783 | -€90,681 | -27.6% |
| Amounts payable within one year | 42/48 | €361,135 | €382,954 | +€21,819 | +6.0% |
| Current portion of amounts payable after more than one year | 42 | €113,930 | €98,758 | -€15,172 | -13.3% |
| Trade debts | 44 | €44,183 | €82,873 | +€38,690 | +87.6% |
| Suppliers | 440/4 | €44,183 | €82,873 | +€38,690 | +87.6% |
| Taxes, remuneration and social security | 45 | €45,201 | €45,437 | +€236 | +0.5% |
| Taxes | 450/3 | €14,491 | €14,260 | -€231 | -1.6% |
| Remuneration and social security | 454/9 | €30,710 | €31,177 | +€467 | +1.5% |
| Other amounts payable | 47/48 | €157,819 | €155,885 | -€1,934 | -1.2% |
| Accrued charges and deferred income | 492/3 | €448 | €365 | -€84 | -18.6% |
| Remuneration, social security and pensions | 62 | €163,685 | €149,567 | -€14,118 | -8.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €82,547 | €82,379 | -€168 | -0.2% |
| Other operating charges | 640/8 | €6,600 | €6,799 | +€199 | +3.0% |
| Gross operating margin | 9900 | €346,132 | €315,010 | -€31,122 | -9.0% |
| Operating profit (loss) | 9901 | €93,299 | €76,264 | -€17,035 | -18.3% |
| Financial income | 75/76B | €326 | €1,022 | +€697 | +213.8% |
| Recurring financial income | 75 | €326 | €1,022 | +€697 | +213.8% |
| Financial charges | 65/66B | €6,505 | €5,530 | -€974 | -15.0% |
| Recurring financial charges | 65 | €6,505 | €5,530 | -€974 | -15.0% |
| Profit (loss) for the period before taxes | 9903 | €87,120 | €71,756 | -€15,364 | -17.6% |
| Income taxes | 67/77 | €15,057 | €16,235 | +€1,178 | +7.8% |
| Profit (loss) for the period | 9904 | €72,063 | €55,521 | -€16,542 | -23.0% |
| Profit (loss) for the period to be appropriated | 9905 | €72,063 | €55,521 | -€16,542 | -23.0% |
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 6 October 2026 via checked.be.