Fipacon: 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.
Fipacon
Largest movements
- Tangible fixed assets -€16,692
down €16,692 (-32.1%), from €52,064 to €35,372
of which Furniture and vehicles: -€15,955
- Receivables within one year +€15,055
up €15,055 (+94.7%), from €15,892 to €30,947
of which Trade receivables: +€15,590
- Cash +€3,895
up €3,895 (+2.6%), from €150,837 to €154,733
mainly Net result for the year (+€17,913) and Depreciation (+€16,692)
- Reserves +€17,913
up €17,913 (+11.1%), from €161,711 to €179,624
- Tax, wage and social debts -€9,806
down €9,806 (-72.0%), from €13,626 to €3,821
- Current portion of long-term debt -€4,000
down €4,000 (-66.7%), from €6,000 to €2,000
- Gross operating margin -€905
down €905 (-2.0%), from €44,728 to €43,823
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 | €219,614 | €221,900 | +€2,286 | +1.0% |
| Fixed assets | 21/28 | €52,064 | €35,372 | -€16,692 | -32.1% |
| Tangible fixed assets | 22/27 | €52,064 | €35,372 | -€16,692 | -32.1% |
| Plant, machinery and equipment | 23 | €1,945 | €1,208 | -€736 | -37.9% |
| Furniture and vehicles | 24 | €50,119 | €34,164 | -€15,955 | -31.8% |
| Current assets | 29/58 | €167,551 | €186,528 | +€18,977 | +11.3% |
| Amounts receivable within one year | 40/41 | €15,892 | €30,947 | +€15,055 | +94.7% |
| Trade receivables | 40 | €14,916 | €30,506 | +€15,590 | +105% |
| Other amounts receivable | 41 | €975 | €440 | -€535 | -54.8% |
| Cash at bank and in hand | 54/58 | €150,837 | €154,733 | +€3,895 | +2.6% |
| Deferred charges and accrued income | 490/1 | €822 | €849 | +€27 | +3.3% |
| Total equity and liabilities | 10/49 | €219,614 | €221,900 | +€2,286 | +1.0% |
| Equity | 10/15 | €181,973 | €199,886 | +€17,913 | +9.8% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €161,711 | €179,624 | +€17,913 | +11.1% |
| Distributable reserves | 133 | €161,711 | €179,624 | +€17,913 | +11.1% |
| Profit (loss) carried forward | 14 | €262 | €262 | = | 0.0% |
| Amounts payable | 17/49 | €37,642 | €22,014 | -€15,627 | -41.5% |
| Amounts payable after more than one year | 17 | €17,000 | €15,000 | -€2,000 | -11.8% |
| Financial debts | 170/4 | €17,000 | €15,000 | -€2,000 | -11.8% |
| Amounts payable within one year | 42/48 | €20,642 | €7,014 | -€13,627 | -66.0% |
| Current portion of amounts payable after more than one year | 42 | €6,000 | €2,000 | -€4,000 | -66.7% |
| Trade debts | 44 | €158 | €332 | +€174 | +110% |
| Suppliers | 440/4 | €158 | €332 | +€174 | +110% |
| Taxes, remuneration and social security | 45 | €13,626 | €3,821 | -€9,806 | -72.0% |
| Taxes | 450/3 | €13,626 | €3,821 | -€9,806 | -72.0% |
| Other amounts payable | 47/48 | €858 | €862 | +€4 | +0.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €16,729 | €16,692 | -€37 | -0.2% |
| Other operating charges | 640/8 | €177 | €187 | +€10 | +5.6% |
| Gross operating margin | 9900 | €44,728 | €43,823 | -€905 | -2.0% |
| Operating profit (loss) | 9901 | €27,822 | €26,944 | -€878 | -3.2% |
| Financial income | 75/76B | €4 | €0 | -€4 | -89.5% |
| Recurring financial income | 75 | €4 | €0 | -€4 | -89.5% |
| Financial charges | 65/66B | €1,607 | €1,330 | -€277 | -17.3% |
| Recurring financial charges | 65 | €1,607 | €1,330 | -€277 | -17.3% |
| Profit (loss) for the period before taxes | 9903 | €26,219 | €25,614 | -€604 | -2.3% |
| Income taxes | 67/77 | €7,861 | €7,701 | -€159 | -2.0% |
| Profit (loss) for the period | 9904 | €18,358 | €17,913 | -€445 | -2.4% |
| Profit (loss) for the period to be appropriated | 9905 | €18,358 | €17,913 | -€445 | -2.4% |
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 24 October 2026 via checked.be.