FIKMO: 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.
FIKMO
Largest movements
- Cash +€4.0m
up €4.0m (+152%), from €2.6m to €6.6m
- Receivables within one year +€998,103
up €998,103 (+91.7%), from €1.1m to €2.1m
of which Other amounts receivable: +€1.0m
- Receivables after one year +€687,408
new in 2025: €687,408
- Reserves +€5.1m
up €5.1m (+117%), from €4.4m to €9.5m
of which Distributable reserves: +€5.1m
- Other debts +€454,320
up €454,320 (+33.3%), from €1.4m to €1.8m
- Gross operating margin +€5.5m
up €5.5m (+648%), from €845,063 to €6.3m
- Financial income +€148,454
up €148,454 (+253%), from €58,620 to €207,074
- Taxes +€130,426
up €130,426 (+72.4%), from €180,253 to €310,679
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
A cash bridge needs two consecutive financial years: one year's result and depreciation cannot explain a change over several years. Pick two years that follow each other.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €5,841,781 | €11,437,393 | +€5.6m | +95.8% |
| Fixed assets | 21/28 | €978,677 | €886,643 | -€92,034 | -9.4% |
| Tangible fixed assets | 22/27 | €695,413 | €666,643 | -€28,770 | -4.1% |
| Land and buildings | 22 | €695,413 | €664,127 | -€31,286 | -4.5% |
| Plant, machinery and equipment | 23 | - | €2,516 | +€2,516 | |
| Financial fixed assets | 28 | €283,264 | €220,000 | -€63,264 | -22.3% |
| Current assets | 29/58 | €4,863,104 | €10,550,749 | +€5.7m | +117% |
| Amounts receivable after more than one year | 29 | - | €687,408 | +€687,408 | |
| Other amounts receivable | 291 | - | €687,408 | +€687,408 | |
| Amounts receivable within one year | 40/41 | €1,088,950 | €2,087,053 | +€998,103 | +91.7% |
| Trade receivables | 40 | €31,566 | €22,323 | -€9,244 | -29.3% |
| Other amounts receivable | 41 | €1,057,383 | €2,064,730 | +€1.0m | +95.3% |
| Current investments | 50/53 | €1,075,214 | €1,075,215 | +€1 | 0.0% |
| Cash at bank and in hand | 54/58 | €2,606,629 | €6,559,394 | +€4.0m | +152% |
| Deferred charges and accrued income | 490/1 | €92,312 | €141,680 | +€49,368 | +53.5% |
| Total equity and liabilities | 10/49 | €5,841,781 | €11,437,393 | +€5.6m | +95.8% |
| Equity | 10/15 | €4,397,399 | €9,510,999 | +€5.1m | +116% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €4,384,999 | €9,498,599 | +€5.1m | +117% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €4,383,139 | €9,496,739 | +€5.1m | +117% |
| Amounts payable | 17/49 | €1,444,382 | €1,926,394 | +€482,011 | +33.4% |
| Amounts payable within one year | 42/48 | €1,370,238 | €1,852,250 | +€482,011 | +35.2% |
| Trade debts | 44 | €2,387 | €23,988 | +€21,601 | +905% |
| Suppliers | 440/4 | €2,387 | €23,988 | +€21,601 | +905% |
| Taxes, remuneration and social security | 45 | €5,261 | €11,351 | +€6,090 | +116% |
| Taxes | 450/3 | - | €4,560 | +€4,560 | |
| Remuneration and social security | 454/9 | €5,261 | €6,791 | +€1,529 | +29.1% |
| Other amounts payable | 47/48 | €1,362,590 | €1,816,910 | +€454,320 | +33.3% |
| Accrued charges and deferred income | 492/3 | €74,144 | €74,144 | = | 0.0% |
| Non-recurring operating income | 76A | - | €5,321,428 | +€5.3m | |
| Remuneration, social security and pensions | 62 | €45,069 | €61,373 | +€16,303 | +36.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €64,092 | €31,553 | -€32,539 | -50.8% |
| Other operating charges | 640/8 | €8,761 | €6,601 | -€2,160 | -24.7% |
| Gross operating margin | 9900 | €845,063 | €6,321,524 | +€5.5m | +648% |
| Operating profit (loss) | 9901 | €727,140 | €6,221,997 | +€5.5m | +756% |
| Financial income | 75/76B | €58,620 | €207,074 | +€148,454 | +253% |
| Recurring financial income | 75 | €58,620 | €207,074 | +€148,454 | +253% |
| Financial charges | 65/66B | €1,292 | €4,793 | +€3,500 | +271% |
| Recurring financial charges | 65 | €1,292 | €4,793 | +€3,500 | +271% |
| Profit (loss) for the period before taxes | 9903 | €784,468 | €6,424,279 | +€5.6m | +719% |
| Income taxes | 67/77 | €180,253 | €310,679 | +€130,426 | +72.4% |
| Profit (loss) for the period | 9904 | €604,215 | €6,113,600 | +€5.5m | +912% |
| Profit (loss) for the period to be appropriated | 9905 | €604,215 | €6,113,600 | +€5.5m | +912% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 17 October 2026 via checked.be.