FISC & BUSINESS: 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 & BUSINESS
Largest movements
- Tangible fixed assets -€28,373
down €28,373 (-9.7%), from €293,141 to €264,768
of which Land and buildings: -€26,863
- Receivables within one year -€24,552
down €24,552 (-25.8%), from €94,998 to €70,446
of which Trade receivables: -€17,322
- Cash +€16,559
up €16,559 (+67.3%), from €24,600 to €41,158
mainly Depreciation (+€28,868) and Receivables within one year (+€24,552)
- Debts after one year -€29,413
down €29,413 (-17.8%), from €165,328 to €135,915
- Other debts -€5,285
down €5,285 (-14.7%), from €35,853 to €30,568
- Profit (loss) carried forward -€4,191
down €4,191 (-3.7%), from €112,685 to €108,495
- Gross operating margin -€17,586
down €17,586 (-24.8%), from €70,994 to €53,408
- Staff costs -€15,743
down €15,743 (-59.2%), from €26,586 to €10,843
- Financial income -€7,068
no longer reported in 2025 (was €7,068)
of which Non-recurring financial income: -€7,066
- Taxes +€4,984
up €4,984 (+111%), from €4,500 to €9,484
- Financial charges +€2,089
up €2,089 (+42.6%), from €4,908 to €6,998
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.
Derived cash bridge
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 | €413,962 | €376,372 | -€37,590 | -9.1% |
| Fixed assets | 21/28 | €293,141 | €264,768 | -€28,373 | -9.7% |
| Tangible fixed assets | 22/27 | €293,141 | €264,768 | -€28,373 | -9.7% |
| Land and buildings | 22 | €288,998 | €262,134 | -€26,863 | -9.3% |
| Plant, machinery and equipment | 23 | €1,652 | €826 | -€826 | -50.0% |
| Furniture and vehicles | 24 | €2,491 | €1,808 | -€684 | -27.4% |
| Current assets | 29/58 | €120,821 | €111,604 | -€9,217 | -7.6% |
| Amounts receivable within one year | 40/41 | €94,998 | €70,446 | -€24,552 | -25.8% |
| Trade receivables | 40 | €87,768 | €70,446 | -€17,322 | -19.7% |
| Other amounts receivable | 41 | €7,230 | - | -€7,230 | |
| Cash at bank and in hand | 54/58 | €24,600 | €41,158 | +€16,559 | +67.3% |
| Deferred charges and accrued income | 490/1 | €1,223 | - | -€1,223 | |
| Total equity and liabilities | 10/49 | €413,962 | €376,372 | -€37,590 | -9.1% |
| Equity | 10/15 | €133,145 | €128,955 | -€4,191 | -3.1% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €112,685 | €108,495 | -€4,191 | -3.7% |
| Amounts payable | 17/49 | €280,817 | €247,417 | -€33,400 | -11.9% |
| Amounts payable after more than one year | 17 | €165,328 | €135,915 | -€29,413 | -17.8% |
| Financial debts | 170/4 | €165,328 | €135,915 | -€29,413 | -17.8% |
| Amounts payable within one year | 42/48 | €115,489 | €111,502 | -€3,987 | -3.5% |
| Current portion of amounts payable after more than one year | 42 | €28,740 | €29,413 | +€673 | +2.3% |
| Trade debts | 44 | €8,721 | €11,583 | +€2,862 | +32.8% |
| Suppliers | 440/4 | €8,721 | €11,583 | +€2,862 | +32.8% |
| Taxes, remuneration and social security | 45 | €42,175 | €39,938 | -€2,237 | -5.3% |
| Taxes | 450/3 | €4,579 | €8,455 | +€3,875 | +84.6% |
| Remuneration and social security | 454/9 | €37,596 | €31,483 | -€6,113 | -16.3% |
| Other amounts payable | 47/48 | €35,853 | €30,568 | -€5,285 | -14.7% |
| Remuneration, social security and pensions | 62 | €26,586 | €10,843 | -€15,743 | -59.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €28,874 | €28,868 | -€6 | 0.0% |
| Other operating charges | 640/8 | €623 | €1,406 | +€783 | +126% |
| Gross operating margin | 9900 | €70,994 | €53,408 | -€17,586 | -24.8% |
| Operating profit (loss) | 9901 | €14,910 | €12,291 | -€2,619 | -17.6% |
| Financial income | 75/76B | €7,068 | - | -€7,068 | |
| Recurring financial income | 75 | €2 | - | -€2 | |
| Non-recurring financial income | 76B | €7,066 | - | -€7,066 | |
| Financial charges | 65/66B | €4,908 | €6,998 | +€2,089 | +42.6% |
| Recurring financial charges | 65 | €4,908 | €6,998 | +€2,089 | +42.6% |
| Profit (loss) for the period before taxes | 9903 | €17,069 | €5,293 | -€11,776 | -69.0% |
| Income taxes | 67/77 | €4,500 | €9,484 | +€4,984 | +111% |
| Profit (loss) for the period | 9904 | €12,569 | -€4,191 | -€16,760 | |
| Profit (loss) for the period to be appropriated | 9905 | €12,569 | -€4,191 | -€16,760 |
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 22 October 2026 via checked.be.