FIPAS: what changed
What changed
FIPAS
NACE 64.999, Other financial services
filed annual accounts (NBB)
Net result for the year
€796,596
2024 · €2.0m-€1.2m
Equity
€10.6m
2024 · €9.8m+€796,596
Cash
€4.9m
2024 · €137,273+€4.7m
Balance sheet total
€32.0m
2024 · €28.9m+€3.2m
Largest movements
Assets
- Cash +€4.7m
up €4.7m (+3,443%), from €137,273 to €4.9m
mainly Current investments (+€4.1m) and Debts after one year (+€3.1m)
- Current investments -€4.1m
down €4.1m (-62.3%), from €6.6m to €2.5m
- Financial fixed assets +€2.8m
up €2.8m (+15.0%), from €18.4m to €21.2m
of which Affiliated companies: +€3.7m
Equity and liabilities
- Debts after one year +€3.1m
up €3.1m (+106%), from €2.9m to €6.1m
of which Other amounts payable: +€3.7m
- Short-term financial debts -€972,719
down €972,719 (-17.0%), from €5.7m to €4.7m
- Profit (loss) carried forward +€796,596
up €796,596 (+9.1%), from €8.7m to €9.5m
Income statement
- Financial income -€894,661
down €894,661 (-36.4%), from €2.5m to €1.6m
of which Non-recurring financial income: -€1.5m
- Taxes +€217,287
up €217,287 (+153%), from €141,759 to €359,045
- Financial charges +€92,497
up €92,497 (+27.8%), from €332,964 to €425,461
- Services and other goods -€58,963
down €58,963 (-60.5%), from €97,491 to €38,529
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
€2.0m
Services and other goods
+€58,963
Other operating charges
+€63
Other operating items
-€15,853
Financial income
-€894,661
Financial charges
-€92,497
Taxes
-€217,287
Result 2025
€796,596
raises the resultlowers the resultnot broken down further in the accounts
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€1.2m
Investment
+€1.4m
Financing
+€2.2m
Cash 2024
€137,273
From operations (derived)
+€1.2m
Net result for the year
+€796,596
Receivables within one year
+€179,006
Smaller working-capital items
+€1,955
Tax, wage and social debts
+€164,383
Other debts
+€44,942
Investment (derived)
+€1.4m
Investment in fixed assets (net)
-€2.8m
Current investments
+€4.1m
Financing
+€2.2m
Debts after one year
+€3.1m
Short-term financial debts
-€972,719
Cash 2025
€4.9m
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €28,854,581 | €32,022,030 | +€3.2m | +11.0% |
| Fixed assets | 21/28 | €18,401,963 | €21,157,026 | +€2.8m | +15.0% |
| Financial fixed assets | 28 | €18,401,963 | €21,157,026 | +€2.8m | +15.0% |
| Affiliated companies | 280/1 | €4,960,713 | €8,634,183 | +€3.7m | +74.1% |
| Participating interests | 280 | €4,960,713 | €8,634,183 | +€3.7m | +74.1% |
| Companies linked by participating interests | 282/3 | €13,441,251 | €12,522,844 | -€918,407 | -6.8% |
| Amounts receivable | 283 | €13,441,251 | €12,522,844 | -€918,407 | -6.8% |
| Other financial fixed assets | 284/8 | €0 | - | = | |
| Shares | 284 | €0 | - | = | |
| Current assets | 29/58 | €10,452,617 | €10,865,003 | +€412,386 | +3.9% |
| Stocks and contracts in progress | 3 | €0 | €0 | = | |
| Amounts receivable within one year | 40/41 | €3,679,904 | €3,500,898 | -€179,006 | -4.9% |
| Trade receivables | 40 | €0 | €5,000 | +€5,000 | |
| Other amounts receivable | 41 | €3,679,904 | €3,495,898 | -€184,006 | -5.0% |
| Current investments | 50/53 | €6,635,441 | €2,499,998 | -€4.1m | -62.3% |
| Other investments | 51/53 | €6,635,441 | €2,499,998 | -€4.1m | -62.3% |
| Cash at bank and in hand | 54/58 | €137,273 | €4,864,108 | +€4.7m | +3,443% |
| Total equity and liabilities | 10/49 | €28,854,581 | €32,022,030 | +€3.2m | +11.0% |
| Equity | 10/15 | €9,776,074 | €10,572,670 | +€796,596 | +8.1% |
| Contributions | 10/11 | €646,212 | €646,212 | = | 0.0% |
| Reserves | 13 | €412,887 | €412,887 | = | 0.0% |
| Non-distributable reserves | 130/1 | €64,621 | €64,621 | = | 0.0% |
| Reserves not available under the articles | 1311 | €64,621 | €64,621 | = | 0.0% |
| Distributable reserves | 133 | €348,266 | €348,266 | = | 0.0% |
| Profit (loss) carried forward | 14 | €8,716,976 | €9,513,572 | +€796,596 | +9.1% |
| Amounts payable | 17/49 | €19,078,507 | €21,449,360 | +€2.4m | +12.4% |
| Amounts payable after more than one year | 17 | €2,950,000 | €6,082,293 | +€3.1m | +106% |
| Financial debts | 170/4 | €2,950,000 | €2,408,823 | -€541,177 | -18.3% |
| Credit institutions | 173 | €2,950,000 | €2,408,823 | -€541,177 | -18.3% |
| Other amounts payable | 178/9 | €0 | €3,673,470 | +€3.7m | |
| Amounts payable within one year | 42/48 | €16,126,827 | €15,365,101 | -€761,727 | -4.7% |
| Current portion of amounts payable after more than one year | 42 | €541,177 | €541,177 | = | 0.0% |
| Financial debts | 43 | €5,706,873 | €4,734,154 | -€972,719 | -17.0% |
| Credit institutions | 430/8 | €5,706,873 | €4,734,154 | -€972,719 | -17.0% |
| Trade debts | 44 | €3,279 | €4,947 | +€1,668 | +50.9% |
| Suppliers | 440/4 | €3,279 | €4,947 | +€1,668 | +50.9% |
| Taxes, remuneration and social security | 45 | €184,633 | €349,016 | +€164,383 | +89.0% |
| Taxes | 450/3 | €184,633 | €349,016 | +€164,383 | +89.0% |
| Other amounts payable | 47/48 | €9,690,866 | €9,735,808 | +€44,942 | +0.5% |
| Accrued charges and deferred income | 492/3 | €1,680 | €1,966 | +€286 | +17.0% |
| Operating income | 70/76A | €77,000 | €61,148 | -€15,853 | -20.6% |
| Turnover | 70 | €60,000 | €60,000 | = | 0.0% |
| Non-recurring operating income | 76A | €17,000 | €1,148 | -€15,853 | -93.3% |
| Operating charges | 60/66A | €99,030 | €40,004 | -€59,026 | -59.6% |
| Services and other goods | 61 | €97,491 | €38,529 | -€58,963 | -60.5% |
| Other operating charges | 640/8 | €1,539 | €1,475 | -€63 | -4.1% |
| Operating profit (loss) | 9901 | -€22,030 | €21,144 | +€43,173 | |
| Financial income | 75/76B | €2,454,620 | €1,559,959 | -€894,661 | -36.4% |
| Recurring financial income | 75 | €984,408 | €1,559,959 | +€575,551 | +58.5% |
| Income from current assets | 751 | €814,420 | €854,844 | +€40,424 | +5.0% |
| Other financial income | 752/9 | €169,988 | €705,115 | +€535,127 | +315% |
| Non-recurring financial income | 76B | €1,470,212 | €0 | -€1.5m | -100% |
| Financial charges | 65/66B | €332,964 | €425,461 | +€92,497 | +27.8% |
| Recurring financial charges | 65 | €332,964 | €425,461 | +€92,497 | +27.8% |
| Debt charges | 650 | €332,160 | €218,653 | -€113,508 | -34.2% |
| Write-downs on current assets other than stocks, contracts in progress and trade receivables: additions (reversals) | 651 | -€75,605 | -€709,275 | -€633,670 | -838% |
| Other financial charges | 652/9 | €76,408 | €916,083 | +€839,675 | +1,099% |
| Profit (loss) for the period before taxes | 9903 | €2,099,626 | €1,155,641 | -€943,985 | -45.0% |
| Income taxes | 67/77 | €141,759 | €359,045 | +€217,287 | +153% |
| Taxes | 670/3 | €141,759 | €359,045 | +€217,287 | +153% |
| Profit (loss) for the period | 9904 | €1,957,867 | €796,596 | -€1.2m | -59.3% |
| Profit (loss) for the period to be appropriated | 9905 | €1,957,867 | €796,596 | -€1.2m | -59.3% |
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 5 November 2026 via checked.be.