FIPS: 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.
FIPS
Largest movements
- Receivables within one year -€15,260
down €15,260 (-60.2%), from €25,358 to €10,098
of which Trade receivables: -€15,260
- Cash +€11,974
up €11,974 (+32.0%), from €37,369 to €49,343
mainly Depreciation (+€39,427) and Receivables within one year (+€15,260)
- Tangible fixed assets +€11,355
up €11,355 (+2.5%), from €450,140 to €461,495
of which Furniture and vehicles: +€21,250
- Stocks and contracts -€9,475
down €9,475 (-64.8%), from €14,623 to €5,148
- Trade debts -€14,981
down €14,981 (-96.2%), from €15,570 to €589
- Debts after one year +€9,761
up €9,761 (+4.5%), from €219,013 to €228,774
- Depreciation -€12,276
down €12,276 (-23.7%), from €51,704 to €39,427
- Gross operating margin -€4,864
down €4,864 (-9.2%), from €52,825 to €47,961
- Other operating charges -€701
down €701 (-21.1%), from €3,320 to €2,619
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 | €531,072 | €528,460 | -€2,613 | -0.5% |
| Fixed assets | 21/28 | €450,140 | €461,495 | +€11,355 | +2.5% |
| Tangible fixed assets | 22/27 | €450,140 | €461,495 | +€11,355 | +2.5% |
| Land and buildings | 22 | €430,038 | €418,589 | -€11,449 | -2.7% |
| Plant, machinery and equipment | 23 | €2,319 | €3,873 | +€1,554 | +67.0% |
| Furniture and vehicles | 24 | €17,783 | €39,033 | +€21,250 | +119.5% |
| Current assets | 29/58 | €80,932 | €66,964 | -€13,968 | -17.3% |
| Stocks and contracts in progress | 3 | €14,623 | €5,148 | -€9,475 | -64.8% |
| Stocks | 30/36 | €14,623 | €5,148 | -€9,475 | -64.8% |
| Amounts receivable within one year | 40/41 | €25,358 | €10,098 | -€15,260 | -60.2% |
| Trade receivables | 40 | €25,358 | €10,098 | -€15,260 | -60.2% |
| Other amounts receivable | 41 | €0 | - | = | |
| Cash at bank and in hand | 54/58 | €37,369 | €49,343 | +€11,974 | +32.0% |
| Deferred charges and accrued income | 490/1 | €3,581 | €2,374 | -€1,207 | -33.7% |
| Total equity and liabilities | 10/49 | €531,072 | €528,460 | -€2,613 | -0.5% |
| Equity | 10/15 | €58,426 | €61,557 | +€3,131 | +5.4% |
| Contributions | 10/11 | €108,600 | €108,600 | = | 0.0% |
| Reserves | 13 | €10,860 | €10,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €10,860 | €10,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€61,034 | -€57,903 | +€3,131 | +5.1% |
| Amounts payable | 17/49 | €472,647 | €466,903 | -€5,744 | -1.2% |
| Amounts payable after more than one year | 17 | €219,013 | €228,774 | +€9,761 | +4.5% |
| Financial debts | 170/4 | €219,013 | €228,774 | +€9,761 | +4.5% |
| Amounts payable within one year | 42/48 | €253,634 | €238,129 | -€15,505 | -6.1% |
| Current portion of amounts payable after more than one year | 42 | €15,509 | €18,614 | +€3,105 | +20.0% |
| Financial debts | 43 | €1,506 | €878 | -€628 | -41.7% |
| Credit institutions | 430/8 | €1,506 | €0 | -€1,506 | -100.0% |
| Other loans | 439 | - | €878 | +€878 | |
| Trade debts | 44 | €15,570 | €589 | -€14,981 | -96.2% |
| Suppliers | 440/4 | €15,570 | €589 | -€14,981 | -96.2% |
| Taxes, remuneration and social security | 45 | €12,102 | €8,082 | -€4,020 | -33.2% |
| Taxes | 450/3 | €11,102 | €7,082 | -€4,020 | -36.2% |
| Remuneration and social security | 454/9 | €1,000 | €1,000 | = | 0.0% |
| Other amounts payable | 47/48 | €208,947 | €209,965 | +€1,018 | +0.5% |
| Non-recurring operating income | 76A | - | €4,495 | +€4,495 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €51,704 | €39,427 | -€12,276 | -23.7% |
| Other operating charges | 640/8 | €3,320 | €2,619 | -€701 | -21.1% |
| Gross operating margin | 9900 | €52,825 | €47,961 | -€4,864 | -9.2% |
| Operating profit (loss) | 9901 | -€2,198 | €5,915 | +€8,113 | |
| Financial income | 75/76B | €0 | €1 | +€1 | |
| Recurring financial income | 75 | €0 | €1 | +€1 | |
| Financial charges | 65/66B | €2,474 | €2,558 | +€84 | +3.4% |
| Recurring financial charges | 65 | €2,474 | €2,558 | +€84 | +3.4% |
| Profit (loss) for the period before taxes | 9903 | -€4,672 | €3,358 | +€8,030 | |
| Income taxes | 67/77 | €226 | €227 | +€1 | +0.6% |
| Profit (loss) for the period | 9904 | -€4,897 | €3,131 | +€8,029 | |
| Profit (loss) for the period to be appropriated | 9905 | -€4,897 | €3,131 | +€8,029 |
Source: filed annual accounts (NBB), fiscal years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.