FIPAGE: 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.
FIPAGE
Largest movements
- Cash +€202,589
up €202,589 (+58,660%), from €345 to €202,934
mainly Other debts (+€257,187) and Accrued charges and deferred income (+€2)
- Receivables within one year +€37,103
up €37,103 (+21.9%), from €169,224 to €206,327
of which Other amounts receivable: +€45,953
- Other debts +€257,187
up €257,187 (+179%), from €143,471 to €400,657
- Profit (loss) carried forward -€11,822
down €11,822 (-44.3%), from -€26,715 to -€38,537
- Trade debts -€5,674
down €5,674 (-40.0%), from €14,187 to €8,513
- Financial income +€7,286
new in 2025: €7,286
- Gross operating margin +€5,877
up €5,877 (+31.5%), from -€18,672 to -€12,794
- Financial charges +€5,205
up €5,205 (+1,088%), from €479 to €5,684
- Taxes +€547
up €547 (+653%), from €84 to €630
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 | €259,680 | €499,372 | +€239,692 | +92.3% |
| Fixed assets | 21/28 | €90,111 | €90,111 | = | 0.0% |
| Financial fixed assets | 28 | €90,111 | €90,111 | = | 0.0% |
| Current assets | 29/58 | €169,569 | €409,261 | +€239,692 | +141% |
| Amounts receivable within one year | 40/41 | €169,224 | €206,327 | +€37,103 | +21.9% |
| Trade receivables | 40 | €8,850 | - | -€8,850 | |
| Other amounts receivable | 41 | €160,374 | €206,327 | +€45,953 | +28.7% |
| Cash at bank and in hand | 54/58 | €345 | €202,934 | +€202,589 | +58,660% |
| Total equity and liabilities | 10/49 | €259,680 | €499,372 | +€239,692 | +92.3% |
| Equity | 10/15 | €101,885 | €90,063 | -€11,822 | -11.6% |
| Revaluation surpluses | 12 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €110,000 | €110,000 | = | 0.0% |
| Distributable reserves | 133 | €110,000 | €110,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€26,715 | -€38,537 | -€11,822 | -44.3% |
| Amounts payable | 17/49 | €157,795 | €409,309 | +€251,514 | +159% |
| Amounts payable within one year | 42/48 | €157,657 | €409,170 | +€251,513 | +160% |
| Trade debts | 44 | €14,187 | €8,513 | -€5,674 | -40.0% |
| Suppliers | 440/4 | €14,187 | €8,513 | -€5,674 | -40.0% |
| Other amounts payable | 47/48 | €143,471 | €400,657 | +€257,187 | +179% |
| Accrued charges and deferred income | 492/3 | €138 | €139 | +€2 | +1.1% |
| Gross operating margin | 9900 | -€18,672 | -€12,794 | +€5,877 | +31.5% |
| Operating profit (loss) | 9901 | -€18,672 | -€12,794 | +€5,877 | +31.5% |
| Financial income | 75/76B | - | €7,286 | +€7,286 | |
| Recurring financial income | 75 | - | €7,286 | +€7,286 | |
| Financial charges | 65/66B | €479 | €5,684 | +€5,205 | +1,088% |
| Recurring financial charges | 65 | €479 | €5,684 | +€5,205 | +1,088% |
| Profit (loss) for the period before taxes | 9903 | -€19,150 | -€11,192 | +€7,958 | +41.6% |
| Income taxes | 67/77 | €84 | €630 | +€547 | +653% |
| Profit (loss) for the period | 9904 | -€19,234 | -€11,822 | +€7,412 | +38.5% |
| Profit (loss) for the period to be appropriated | 9905 | -€19,234 | -€11,822 | +€7,412 | +38.5% |
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 17 October 2026 via checked.be.