FISABEL: 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.
FISABEL
Largest movements
- Cash +€147,200
up €147,200 (+24.7%), from €595,899 to €743,099
mainly Trade debts (+€134,069) and Net result for the year (+€74,630)
- Receivables within one year +€62,048
up €62,048 (+52.3%), from €118,707 to €180,755
of which Trade receivables: +€58,943
- Trade debts +€134,069
up €134,069 (+174.7%), from €76,749 to €210,817
- Reserves +€75,000
up €75,000 (+13.1%), from €573,050 to €648,050
of which Distributable reserves: +€75,000
- Financial income -€8,020
down €8,020 (-42.0%), from €19,098 to €11,079
- Taxes -€7,800
down €7,800 (-22.9%), from €34,076 to €26,276
- Gross operating margin +€4,797
up €4,797 (+5.5%), from €87,309 to €92,106
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 | €715,913 | €924,805 | +€208,892 | +29.2% |
| Fixed assets | 21/28 | €1,168 | €761 | -€407 | -34.8% |
| Tangible fixed assets | 22/27 | €1,168 | €761 | -€407 | -34.8% |
| Furniture and vehicles | 24 | €1,168 | €761 | -€407 | -34.8% |
| Current assets | 29/58 | €714,745 | €924,044 | +€209,298 | +29.3% |
| Amounts receivable within one year | 40/41 | €118,707 | €180,755 | +€62,048 | +52.3% |
| Trade receivables | 40 | €114,839 | €173,782 | +€58,943 | +51.3% |
| Other amounts receivable | 41 | €3,867 | €6,972 | +€3,105 | +80.3% |
| Cash at bank and in hand | 54/58 | €595,899 | €743,099 | +€147,200 | +24.7% |
| Deferred charges and accrued income | 490/1 | €140 | €190 | +€50 | +36.0% |
| Total equity and liabilities | 10/49 | €715,913 | €924,805 | +€208,892 | +29.2% |
| Equity | 10/15 | €635,546 | €710,177 | +€74,630 | +11.7% |
| Contributions | 10/11 | €61,500 | €61,500 | = | 0.0% |
| Capital | 10 | €61,500 | €61,500 | = | 0.0% |
| Issued capital | 100 | €61,500 | €61,500 | = | 0.0% |
| Reserves | 13 | €573,050 | €648,050 | +€75,000 | +13.1% |
| Non-distributable reserves | 130/1 | €6,150 | €6,150 | = | 0.0% |
| Legal reserve | 130 | €6,150 | €6,150 | = | 0.0% |
| Distributable reserves | 133 | €566,900 | €641,900 | +€75,000 | +13.2% |
| Profit (loss) carried forward | 14 | €996 | €627 | -€370 | -37.1% |
| Amounts payable | 17/49 | €80,367 | €214,628 | +€134,261 | +167.1% |
| Amounts payable within one year | 42/48 | €77,867 | €212,128 | +€134,261 | +172.4% |
| Trade debts | 44 | €76,749 | €210,817 | +€134,069 | +174.7% |
| Suppliers | 440/4 | €76,749 | €210,817 | +€134,069 | +174.7% |
| Taxes, remuneration and social security | 45 | €1,118 | €1,311 | +€193 | +17.2% |
| Taxes | 450/3 | €1,118 | €1,311 | +€193 | +17.2% |
| Accrued charges and deferred income | 492/3 | €2,500 | €2,500 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €52 | €407 | +€354 | +676.6% |
| Other operating charges | 640/8 | €899 | €883 | -€15 | -1.7% |
| Gross operating margin | 9900 | €87,309 | €92,106 | +€4,797 | +5.5% |
| Operating profit (loss) | 9901 | €86,358 | €90,816 | +€4,458 | +5.2% |
| Financial income | 75/76B | €19,098 | €11,079 | -€8,020 | -42.0% |
| Recurring financial income | 75 | €19,098 | €11,079 | -€8,020 | -42.0% |
| Financial charges | 65/66B | €946 | €989 | +€43 | +4.6% |
| Recurring financial charges | 65 | €946 | €989 | +€43 | +4.6% |
| Profit (loss) for the period before taxes | 9903 | €104,510 | €100,906 | -€3,605 | -3.4% |
| Income taxes | 67/77 | €34,076 | €26,276 | -€7,800 | -22.9% |
| Profit (loss) for the period | 9904 | €70,435 | €74,630 | +€4,195 | +6.0% |
| Profit (loss) for the period to be appropriated | 9905 | €70,435 | €74,630 | +€4,195 | +6.0% |
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 30 September 2026 via checked.be.