Fisc-ALEA: 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-ALEA
Largest movements
- Current investments -€21,344
down €21,344 (-28.7%), from €74,347 to €53,002
- Receivables within one year +€19,553
up €19,553 (+90.8%), from €21,544 to €41,097
of which Trade receivables: +€16,920
- Tangible fixed assets -€13,818
down €13,818 (-24.3%), from €56,961 to €43,143
of which Furniture and vehicles: -€13,108
- Deferred charges and accrued income -€4,706
down €4,706 (-50.5%), from €9,321 to €4,615
- Other debts -€40,213
down €40,213 (-82.9%), from €48,491 to €8,278
- Reserves +€11,168
up €11,168 (+9.1%), from €123,361 to €134,529
of which Distributable reserves: +€11,168
- Tax, wage and social debts +€6,215
up €6,215 (+343.4%), from €1,810 to €8,025
- Gross operating margin -€51,603
down €51,603 (-56.7%), from €91,073 to €39,470
- Taxes -€12,131
down €12,131 (-75.8%), from €16,007 to €3,876
- Depreciation +€9,307
up €9,307 (+178.5%), from €5,214 to €14,521
- Financial income +€5,176
up €5,176 (+937.0%), from €552 to €5,728
- Staff costs -€3,805
down €3,805 (-22.4%), from €16,986 to €13,181
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 | €174,399 | €153,313 | -€21,086 | -12.1% |
| Fixed assets | 21/28 | €62,533 | €48,511 | -€14,022 | -22.4% |
| Intangible fixed assets | 21 | €541 | €337 | -€204 | -37.8% |
| Tangible fixed assets | 22/27 | €56,961 | €43,143 | -€13,818 | -24.3% |
| Furniture and vehicles | 24 | €48,671 | €35,563 | -€13,108 | -26.9% |
| Other tangible fixed assets | 26 | €8,290 | €7,580 | -€710 | -8.6% |
| Financial fixed assets | 28 | €5,031 | €5,031 | = | 0.0% |
| Current assets | 29/58 | €111,866 | €104,802 | -€7,064 | -6.3% |
| Amounts receivable within one year | 40/41 | €21,544 | €41,097 | +€19,553 | +90.8% |
| Trade receivables | 40 | €17,289 | €34,209 | +€16,920 | +97.9% |
| Other amounts receivable | 41 | €4,255 | €6,888 | +€2,633 | +61.9% |
| Current investments | 50/53 | €74,347 | €53,002 | -€21,344 | -28.7% |
| Cash at bank and in hand | 54/58 | €6,655 | €6,087 | -€567 | -8.5% |
| Deferred charges and accrued income | 490/1 | €9,321 | €4,615 | -€4,706 | -50.5% |
| Total equity and liabilities | 10/49 | €174,399 | €153,313 | -€21,086 | -12.1% |
| Equity | 10/15 | €123,361 | €134,529 | +€11,168 | +9.1% |
| Reserves | 13 | €123,361 | €134,529 | +€11,168 | +9.1% |
| Tax-exempt reserves | 132 | €4,268 | €4,268 | = | 0.0% |
| Distributable reserves | 133 | €119,093 | €130,261 | +€11,168 | +9.4% |
| Amounts payable | 17/49 | €51,038 | €18,784 | -€32,254 | -63.2% |
| Amounts payable within one year | 42/48 | €50,460 | €16,806 | -€33,655 | -66.7% |
| Trade debts | 44 | €159 | €503 | +€344 | +215.9% |
| Suppliers | 440/4 | €159 | €503 | +€344 | +215.9% |
| Taxes, remuneration and social security | 45 | €1,810 | €8,025 | +€6,215 | +343.4% |
| Taxes | 450/3 | €1,810 | €8,025 | +€6,215 | +343.4% |
| Other amounts payable | 47/48 | €48,491 | €8,278 | -€40,213 | -82.9% |
| Accrued charges and deferred income | 492/3 | €577 | €1,978 | +€1,401 | +242.7% |
| Non-recurring operating income | 76A | €9,200 | - | -€9,200 | |
| Remuneration, social security and pensions | 62 | €16,986 | €13,181 | -€3,805 | -22.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,214 | €14,521 | +€9,307 | +178.5% |
| Other operating charges | 640/8 | €1,556 | €925 | -€631 | -40.5% |
| Gross operating margin | 9900 | €91,073 | €39,470 | -€51,603 | -56.7% |
| Operating profit (loss) | 9901 | €67,317 | €10,843 | -€56,474 | -83.9% |
| Financial income | 75/76B | €552 | €5,728 | +€5,176 | +937.0% |
| Recurring financial income | 75 | €552 | €5,728 | +€5,176 | +937.0% |
| Financial charges | 65/66B | €1,459 | €1,528 | +€69 | +4.7% |
| Recurring financial charges | 65 | €1,459 | €1,528 | +€69 | +4.7% |
| Profit (loss) for the period before taxes | 9903 | €66,410 | €15,044 | -€51,366 | -77.3% |
| Income taxes | 67/77 | €16,007 | €3,876 | -€12,131 | -75.8% |
| Profit (loss) for the period | 9904 | €50,403 | €11,168 | -€39,235 | -77.8% |
| Profit (loss) for the period to be appropriated | 9905 | €50,403 | €11,168 | -€39,235 | -77.8% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 9 October 2026 via checked.be.