FIPOS: 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.
FIPOS
Largest movements
- Receivables within one year +€106,168
up €106,168 (+185.9%), from €57,107 to €163,275
of which Trade receivables: +€105,300
- Cash +€42,019
up €42,019 (+51.3%), from €81,963 to €123,982
mainly Trade debts (+€173,738) and Other debts (+€74,910)
- Intangible fixed assets +€27,801
up €27,801 (+18.8%), from €148,202 to €176,003
- Financial fixed assets +€8,500
up €8,500 (+201.1%), from €4,226 to €12,726
- Deferred charges and accrued income -€6,772
down €6,772 (-69.8%), from €9,699 to €2,928
- Trade debts +€173,738
up €173,738 (+97.3%), from €178,644 to €352,383
- Other debts +€74,910
up €74,910 (+41.4%), from €180,952 to €255,863
- Profit (loss) carried forward -€71,376
down €71,376 (-36.4%), from -€196,008 to -€267,384
- Gross operating margin +€32,363
up €32,363 (+50.1%), from -€64,565 to -€32,202
- Write-downs +€9,381
new in 2025: €9,381
- Other operating charges +€668
up €668 (+172.5%), from €387 to €1,055
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 | €302,484 | €479,757 | +€177,273 | +58.6% |
| Fixed assets | 21/28 | €153,714 | €189,572 | +€35,858 | +23.3% |
| Intangible fixed assets | 21 | €148,202 | €176,003 | +€27,801 | +18.8% |
| Tangible fixed assets | 22/27 | €1,285 | €842 | -€443 | -34.5% |
| Furniture and vehicles | 24 | €1,285 | €842 | -€443 | -34.5% |
| Financial fixed assets | 28 | €4,226 | €12,726 | +€8,500 | +201.1% |
| Current assets | 29/58 | €148,770 | €290,185 | +€141,415 | +95.1% |
| Amounts receivable within one year | 40/41 | €57,107 | €163,275 | +€106,168 | +185.9% |
| Trade receivables | 40 | €52,947 | €158,246 | +€105,300 | +198.9% |
| Other amounts receivable | 41 | €4,161 | €5,029 | +€868 | +20.9% |
| Cash at bank and in hand | 54/58 | €81,963 | €123,982 | +€42,019 | +51.3% |
| Deferred charges and accrued income | 490/1 | €9,699 | €2,928 | -€6,772 | -69.8% |
| Total equity and liabilities | 10/49 | €302,484 | €479,757 | +€177,273 | +58.6% |
| Equity | 10/15 | -€57,113 | -€128,489 | -€71,376 | -125.0% |
| Contributions | 10/11 | €138,895 | €138,895 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€196,008 | -€267,384 | -€71,376 | -36.4% |
| Amounts payable | 17/49 | €359,597 | €608,245 | +€248,649 | +69.1% |
| Amounts payable within one year | 42/48 | €359,597 | €608,245 | +€248,649 | +69.1% |
| Trade debts | 44 | €178,644 | €352,383 | +€173,738 | +97.3% |
| Suppliers | 440/4 | €178,644 | €352,383 | +€173,738 | +97.3% |
| Other amounts payable | 47/48 | €180,952 | €255,863 | +€74,910 | +41.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €28,282 | €28,682 | +€399 | +1.4% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €9,381 | +€9,381 | |
| Other operating charges | 640/8 | €387 | €1,055 | +€668 | +172.5% |
| Gross operating margin | 9900 | -€64,565 | -€32,202 | +€32,363 | +50.1% |
| Operating profit (loss) | 9901 | -€93,235 | -€71,320 | +€21,915 | +23.5% |
| Financial income | 75/76B | €16 | €4 | -€11 | -72.1% |
| Recurring financial income | 75 | €16 | €4 | -€11 | -72.1% |
| Financial charges | 65/66B | €46 | €60 | +€14 | +31.4% |
| Recurring financial charges | 65 | €46 | €60 | +€14 | +31.4% |
| Profit (loss) for the period before taxes | 9903 | -€93,265 | -€71,376 | +€21,890 | +23.5% |
| Profit (loss) for the period | 9904 | -€93,265 | -€71,376 | +€21,890 | +23.5% |
| Profit (loss) for the period to be appropriated | 9905 | -€93,265 | -€71,376 | +€21,890 | +23.5% |
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 29 September 2026 via checked.be.