Fisack: what changed
What changed
Fisack
NACE 43.222, Installation of electric heating, air conditioning, cooling and ventilation
filed annual accounts (NBB)
Net result for the year
€31,883
2024 · €41,464-€9,581
Equity
€467,869
2024 · €435,986+€31,883
Cash
€87,167
2024 · €45,359+€41,808
Balance sheet total
€522,514
2024 · €494,118+€28,396
Largest movements
Assets
- Cash +€41,808
up €41,808 (+92.2%), from €45,359 to €87,167
mainly Net result for the year (+€31,883) and Depreciation (+€11,646)
- Tangible fixed assets -€6,105
down €6,105 (-18.1%), from €33,790 to €27,685
of which Furniture and vehicles: -€5,839
- Current investments -€5,340
down €5,340 (-7.5%), from €70,921 to €65,581
Equity and liabilities
- Reserves +€31,000
up €31,000 (+11.9%), from €261,000 to €292,000
- Tax, wage and social debts +€9,933
up €9,933 (+56.1%), from €17,711 to €27,644
of which Taxes: +€10,984
- Debts after one year -€5,232
no longer reported in 2025 (was €5,232)
Income statement
- Staff costs +€12,821
up €12,821 (+231%), from €5,542 to €18,364
- Taxes -€3,585
down €3,585 (-21.4%), from €16,747 to €13,162
- Financial charges +€2,169
up €2,169 (+222%), from €976 to €3,146
- Other operating charges -€2,101
down €2,101 (-63.9%), from €3,285 to €1,184
- Financial income +€1,882
up €1,882 (+42.5%), from €4,429 to €6,312
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
€41,464
Gross operating margin
-€1,246
Staff costs
-€12,821
Depreciation
-€913
Other operating charges
+€2,101
Financial income
+€1,882
Financial charges
-€2,169
Taxes
+€3,585
Result 2025
€31,883
raises the resultlowers the result
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
+€50,524
Investment
-€201
Financing
-€8,516
Cash 2024
€45,359
From operations (derived)
+€50,524
Net result for the year
+€31,883
Depreciation
+€11,646
Stocks and contracts
+€328
Receivables within one year
-€2,543
Deferred charges and accrued income
+€4,182
Trade debts
-€4,904
Tax, wage and social debts
+€9,933
Investment (derived)
-€201
Investment in fixed assets (net)
-€5,540
Current investments
+€5,340
Financing
-€8,516
Debts after one year
-€5,232
Current portion of long-term debt
-€3,284
Cash 2025
€87,167
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €494,118 | €522,514 | +€28,396 | +5.7% |
| Fixed assets | 21/28 | €33,790 | €27,685 | -€6,105 | -18.1% |
| Tangible fixed assets | 22/27 | €33,790 | €27,685 | -€6,105 | -18.1% |
| Land and buildings | 22 | €75 | - | -€75 | |
| Plant, machinery and equipment | 23 | €3,452 | €3,260 | -€192 | -5.6% |
| Furniture and vehicles | 24 | €30,264 | €24,425 | -€5,839 | -19.3% |
| Current assets | 29/58 | €460,328 | €494,829 | +€34,501 | +7.5% |
| Stocks and contracts in progress | 3 | €5,628 | €5,300 | -€328 | -5.8% |
| Stocks | 30/36 | €5,628 | €5,300 | -€328 | -5.8% |
| Amounts receivable within one year | 40/41 | €313,629 | €316,172 | +€2,543 | +0.8% |
| Trade receivables | 40 | €55,478 | €62,127 | +€6,649 | +12.0% |
| Other amounts receivable | 41 | €258,151 | €254,045 | -€4,106 | -1.6% |
| Current investments | 50/53 | €70,921 | €65,581 | -€5,340 | -7.5% |
| Cash at bank and in hand | 54/58 | €45,359 | €87,167 | +€41,808 | +92.2% |
| Deferred charges and accrued income | 490/1 | €24,791 | €20,609 | -€4,182 | -16.9% |
| Total equity and liabilities | 10/49 | €494,118 | €522,514 | +€28,396 | +5.7% |
| Equity | 10/15 | €435,986 | €467,869 | +€31,883 | +7.3% |
| Contributions | 10/11 | €148,500 | €148,500 | = | 0.0% |
| Reserves | 13 | €261,000 | €292,000 | +€31,000 | +11.9% |
| Distributable reserves | 133 | €261,000 | €292,000 | +€31,000 | +11.9% |
| Profit (loss) carried forward | 14 | €26,486 | €27,369 | +€883 | +3.3% |
| Amounts payable | 17/49 | €58,133 | €54,646 | -€3,487 | -6.0% |
| Amounts payable after more than one year | 17 | €5,232 | - | -€5,232 | |
| Financial debts | 170/4 | €5,232 | - | -€5,232 | |
| Amounts payable within one year | 42/48 | €52,788 | €54,532 | +€1,744 | +3.3% |
| Current portion of amounts payable after more than one year | 42 | €8,516 | €5,232 | -€3,284 | -38.6% |
| Trade debts | 44 | €26,561 | €21,657 | -€4,904 | -18.5% |
| Suppliers | 440/4 | €26,561 | €21,657 | -€4,904 | -18.5% |
| Taxes, remuneration and social security | 45 | €17,711 | €27,644 | +€9,933 | +56.1% |
| Taxes | 450/3 | €12,377 | €23,361 | +€10,984 | +88.7% |
| Remuneration and social security | 454/9 | €5,334 | €4,283 | -€1,051 | -19.7% |
| Accrued charges and deferred income | 492/3 | €113 | €113 | = | 0.0% |
| Remuneration, social security and pensions | 62 | €5,542 | €18,364 | +€12,821 | +231% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,733 | €11,646 | +€913 | +8.5% |
| Other operating charges | 640/8 | €3,285 | €1,184 | -€2,101 | -63.9% |
| Gross operating margin | 9900 | €74,319 | €73,073 | -€1,246 | -1.7% |
| Operating profit (loss) | 9901 | €54,759 | €41,879 | -€12,880 | -23.5% |
| Financial income | 75/76B | €4,429 | €6,312 | +€1,882 | +42.5% |
| Recurring financial income | 75 | €4,429 | €6,312 | +€1,882 | +42.5% |
| Financial charges | 65/66B | €976 | €3,146 | +€2,169 | +222% |
| Recurring financial charges | 65 | €976 | €3,146 | +€2,169 | +222% |
| Profit (loss) for the period before taxes | 9903 | €58,211 | €45,045 | -€13,166 | -22.6% |
| Income taxes | 67/77 | €16,747 | €13,162 | -€3,585 | -21.4% |
| Profit (loss) for the period | 9904 | €41,464 | €31,883 | -€9,581 | -23.1% |
| Profit (loss) for the period to be appropriated | 9905 | €41,464 | €31,883 | -€9,581 | -23.1% |
Next steps
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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.