FISATEC: 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.
FISATEC
Largest movements
- Cash +€308,697
up €308,697 (+272.1%), from €113,463 to €422,160
mainly Other debts (+€730,254) and Net result for the year (+€514,744)
- Receivables within one year +€171,787
up €171,787 (+33.1%), from €519,641 to €691,428
of which Trade receivables: +€146,718
- Tangible fixed assets +€23,956
up €23,956 (+38.7%), from €61,866 to €85,822
of which Furniture and vehicles: +€27,586
- Financial fixed assets +€13,700
up €13,700 (+548.0%), from €2,500 to €16,200
- Other debts +€730,254
up €730,254 (+4189.8%), from €17,429 to €747,684
- Reserves -€345,256
down €345,256 (-90.8%), from €380,256 to €35,001
- Trade debts +€145,227
up €145,227 (+96.4%), from €150,629 to €295,857
- Gross operating margin +€189,602
up €189,602 (+36.8%), from €515,132 to €704,734
- Taxes +€49,388
up €49,388 (+40.6%), from €121,536 to €170,925
- Depreciation +€11,019
up €11,019 (+184.4%), from €5,975 to €16,994
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 | €700,766 | €1,223,471 | +€522,705 | +74.6% |
| Fixed assets | 21/28 | €64,366 | €108,062 | +€43,696 | +67.9% |
| Intangible fixed assets | 21 | - | €6,040 | +€6,040 | |
| Tangible fixed assets | 22/27 | €61,866 | €85,822 | +€23,956 | +38.7% |
| Plant, machinery and equipment | 23 | €3,630 | €0 | -€3,630 | -100.0% |
| Furniture and vehicles | 24 | €58,236 | €85,822 | +€27,586 | +47.4% |
| Financial fixed assets | 28 | €2,500 | €16,200 | +€13,700 | +548.0% |
| Current assets | 29/58 | €636,400 | €1,115,409 | +€479,009 | +75.3% |
| Amounts receivable within one year | 40/41 | €519,641 | €691,428 | +€171,787 | +33.1% |
| Trade receivables | 40 | €504,801 | €651,519 | +€146,718 | +29.1% |
| Other amounts receivable | 41 | €14,840 | €39,909 | +€25,069 | +168.9% |
| Cash at bank and in hand | 54/58 | €113,463 | €422,160 | +€308,697 | +272.1% |
| Deferred charges and accrued income | 490/1 | €3,297 | €1,822 | -€1,475 | -44.7% |
| Total equity and liabilities | 10/49 | €700,766 | €1,223,471 | +€522,705 | +74.6% |
| Equity | 10/15 | €400,256 | €55,001 | -€345,256 | -86.3% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €380,256 | €35,001 | -€345,256 | -90.8% |
| Distributable reserves | 133 | €380,256 | €35,001 | -€345,256 | -90.8% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €300,510 | €1,168,471 | +€867,961 | +288.8% |
| Amounts payable within one year | 42/48 | €300,510 | €1,168,471 | +€867,961 | +288.8% |
| Trade debts | 44 | €150,629 | €295,857 | +€145,227 | +96.4% |
| Suppliers | 440/4 | €150,629 | €295,857 | +€145,227 | +96.4% |
| Taxes, remuneration and social security | 45 | €132,451 | €124,931 | -€7,520 | -5.7% |
| Taxes | 450/3 | €124,951 | €124,931 | -€20 | 0.0% |
| Remuneration and social security | 454/9 | €7,500 | €0 | -€7,500 | -100.0% |
| Other amounts payable | 47/48 | €17,429 | €747,684 | +€730,254 | +4189.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,975 | €16,994 | +€11,019 | +184.4% |
| Other operating charges | 640/8 | €1,436 | €1,860 | +€424 | +29.5% |
| Gross operating margin | 9900 | €515,132 | €704,734 | +€189,602 | +36.8% |
| Operating profit (loss) | 9901 | €507,720 | €685,880 | +€178,160 | +35.1% |
| Financial income | 75/76B | €2 | €195 | +€193 | +11849.1% |
| Recurring financial income | 75 | €2 | €195 | +€193 | +11849.1% |
| Financial charges | 65/66B | €52 | €406 | +€355 | +686.7% |
| Recurring financial charges | 65 | €52 | €406 | +€355 | +686.7% |
| Profit (loss) for the period before taxes | 9903 | €507,670 | €685,669 | +€177,998 | +35.1% |
| Income taxes | 67/77 | €121,536 | €170,925 | +€49,388 | +40.6% |
| Profit (loss) for the period | 9904 | €386,134 | €514,744 | +€128,610 | +33.3% |
| Profit (loss) for the period to be appropriated | 9905 | €386,134 | €514,744 | +€128,610 | +33.3% |
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 3 October 2026 via checked.be.