Fisc: what changed
Two financial 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.
Fisc
Largest movements
- Current investments +€200,000
new in 2025: €200,000
- Cash -€99,628
down €99,628 (-52.1%), from €191,042 to €91,414
mainly Current investments (-€200,000) and Investment in fixed assets (net) (-€10,525)
- Tangible fixed assets +€8,463
new in 2025: €8,463
- Receivables within one year -€6,973
down €6,973 (-29.8%), from €23,382 to €16,408
of which Trade receivables: -€6,267
- Profit (loss) carried forward +€78,427
up €78,427, from -€78,427 to €0
- Reserves +€26,441
up €26,441 (+9.3%), from €285,699 to €312,140
- Financial income +€6,343
up €6,343 (+19345.1%), from €33 to €6,376
- Taxes +€6,254
up €6,254 (+17.7%), from €35,396 to €41,650
- Gross operating margin +€2,538
up €2,538 (+1.8%), from €140,064 to €142,602
- Depreciation +€1,855
up €1,855 (+895.2%), from €207 to €2,062
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 | €214,423 | €317,157 | +€102,734 | +47.9% |
| Fixed assets | 21/28 | - | €8,463 | +€8,463 | |
| Tangible fixed assets | 22/27 | - | €8,463 | +€8,463 | |
| Furniture and vehicles | 24 | - | €8,463 | +€8,463 | |
| Current assets | 29/58 | €214,423 | €308,694 | +€94,270 | +44.0% |
| Amounts receivable within one year | 40/41 | €23,382 | €16,408 | -€6,973 | -29.8% |
| Trade receivables | 40 | €18,767 | €12,500 | -€6,267 | -33.4% |
| Other amounts receivable | 41 | €4,614 | €3,908 | -€706 | -15.3% |
| Current investments | 50/53 | - | €200,000 | +€200,000 | |
| Cash at bank and in hand | 54/58 | €191,042 | €91,414 | -€99,628 | -52.1% |
| Deferred charges and accrued income | 490/1 | - | €872 | +€872 | |
| Total equity and liabilities | 10/49 | €214,423 | €317,157 | +€102,734 | +47.9% |
| Equity | 10/15 | €209,272 | €314,140 | +€104,868 | +50.1% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Reserves | 13 | €285,699 | €312,140 | +€26,441 | +9.3% |
| Distributable reserves | 133 | €285,699 | €312,140 | +€26,441 | +9.3% |
| Profit (loss) carried forward | 14 | -€78,427 | €0 | +€78,427 | |
| Amounts payable | 17/49 | €5,151 | €3,017 | -€2,134 | -41.4% |
| Amounts payable within one year | 42/48 | €5,151 | €3,017 | -€2,134 | -41.4% |
| Trade debts | 44 | €1,666 | €94 | -€1,572 | -94.4% |
| Suppliers | 440/4 | €1,666 | €94 | -€1,572 | -94.4% |
| Taxes, remuneration and social security | 45 | €3,310 | €2,058 | -€1,252 | -37.8% |
| Taxes | 450/3 | €3,288 | €1,050 | -€2,238 | -68.1% |
| Remuneration and social security | 454/9 | €22 | €1,008 | +€987 | +4525.7% |
| Other amounts payable | 47/48 | €175 | €865 | +€690 | +394.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €207 | €2,062 | +€1,855 | +895.2% |
| Other operating charges | 640/8 | €503 | €310 | -€193 | -38.4% |
| Gross operating margin | 9900 | €140,064 | €142,602 | +€2,538 | +1.8% |
| Operating profit (loss) | 9901 | €139,354 | €140,230 | +€876 | +0.6% |
| Financial income | 75/76B | €33 | €6,376 | +€6,343 | +19345.1% |
| Recurring financial income | 75 | €33 | €6,376 | +€6,343 | +19345.1% |
| Financial charges | 65/66B | €75 | €88 | +€13 | +18.0% |
| Recurring financial charges | 65 | €75 | €88 | +€13 | +18.0% |
| Profit (loss) for the period before taxes | 9903 | €139,312 | €146,518 | +€7,206 | +5.2% |
| Income taxes | 67/77 | €35,396 | €41,650 | +€6,254 | +17.7% |
| Profit (loss) for the period | 9904 | €103,916 | €104,868 | +€952 | +0.9% |
| Profit (loss) for the period to be appropriated | 9905 | €103,916 | €104,868 | +€952 | +0.9% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 9 October 2026 via checked.be.