Fisc-Optimum: 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.
Fisc-Optimum
Largest movements
- Cash +€123,152
up €123,152 (+60.0%), from €205,222 to €328,374
mainly Net result for the year (+€130,029) and Debts after one year (+€37,630)
- Tangible fixed assets +€46,471
up €46,471 (+95.3%), from €48,774 to €95,246
of which Other tangible fixed assets: +€43,424
- Receivables within one year -€19,902
down €19,902 (-6.2%), from €318,457 to €298,554
of which Other amounts receivable: -€87,332
- Reserves +€130,029
up €130,029 (+29.3%), from €444,109 to €574,138
- Debts after one year +€37,630
new in 2025: €37,630
- Trade debts -€17,629
down €17,629 (-76.4%), from €23,060 to €5,431
- Staff costs +€27,419
up €27,419 (+47.8%), from €57,392 to €84,810
- Gross operating margin +€17,484
up €17,484 (+6.7%), from €260,825 to €278,309
- Depreciation +€7,086
up €7,086 (+90.8%), from €7,802 to €14,887
- Taxes -€3,691
down €3,691 (-7.4%), from €49,709 to €46,018
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 | €575,186 | €722,841 | +€147,655 | +25.7% |
| Fixed assets | 21/28 | €51,128 | €95,534 | +€44,405 | +86.9% |
| Tangible fixed assets | 22/27 | €48,774 | €95,246 | +€46,471 | +95.3% |
| Plant, machinery and equipment | 23 | €45 | €3,241 | +€3,196 | +7033.9% |
| Furniture and vehicles | 24 | €13,376 | €13,227 | -€148 | -1.1% |
| Other tangible fixed assets | 26 | €35,353 | €78,777 | +€43,424 | +122.8% |
| Financial fixed assets | 28 | €2,354 | €288 | -€2,066 | -87.8% |
| Current assets | 29/58 | €524,057 | €627,307 | +€103,250 | +19.7% |
| Amounts receivable within one year | 40/41 | €318,457 | €298,554 | -€19,902 | -6.2% |
| Trade receivables | 40 | €18,457 | €85,886 | +€67,429 | +365.3% |
| Other amounts receivable | 41 | €300,000 | €212,668 | -€87,332 | -29.1% |
| Cash at bank and in hand | 54/58 | €205,222 | €328,374 | +€123,152 | +60.0% |
| Deferred charges and accrued income | 490/1 | €379 | €379 | = | 0.0% |
| Total equity and liabilities | 10/49 | €575,186 | €722,841 | +€147,655 | +25.7% |
| Equity | 10/15 | €464,064 | €594,093 | +€130,029 | +28.0% |
| Contributions | 10/11 | €19,954 | €19,954 | = | 0.0% |
| Reserves | 13 | €444,109 | €574,138 | +€130,029 | +29.3% |
| Distributable reserves | 133 | €444,109 | €574,138 | +€130,029 | +29.3% |
| Amounts payable | 17/49 | €111,122 | €128,748 | +€17,626 | +15.9% |
| Amounts payable after more than one year | 17 | - | €37,630 | +€37,630 | |
| Financial debts | 170/4 | - | €37,630 | +€37,630 | |
| Amounts payable within one year | 42/48 | €111,122 | €91,118 | -€20,003 | -18.0% |
| Current portion of amounts payable after more than one year | 42 | - | €2,038 | +€2,038 | |
| Trade debts | 44 | €23,060 | €5,431 | -€17,629 | -76.4% |
| Suppliers | 440/4 | €23,060 | €5,431 | -€17,629 | -76.4% |
| Taxes, remuneration and social security | 45 | €82,293 | €78,649 | -€3,643 | -4.4% |
| Taxes | 450/3 | €78,609 | €77,908 | -€701 | -0.9% |
| Remuneration and social security | 454/9 | €3,684 | €742 | -€2,942 | -79.9% |
| Other amounts payable | 47/48 | €5,769 | €5,000 | -€769 | -13.3% |
| Remuneration, social security and pensions | 62 | €57,392 | €84,810 | +€27,419 | +47.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,802 | €14,887 | +€7,086 | +90.8% |
| Other operating charges | 640/8 | €3,294 | €1,726 | -€1,567 | -47.6% |
| Gross operating margin | 9900 | €260,825 | €278,309 | +€17,484 | +6.7% |
| Operating profit (loss) | 9901 | €192,338 | €176,885 | -€15,453 | -8.0% |
| Financial income | 75/76B | €0 | €0 | -€0 | -100.0% |
| Recurring financial income | 75 | €0 | €0 | -€0 | -100.0% |
| Financial charges | 65/66B | €467 | €838 | +€371 | +79.5% |
| Recurring financial charges | 65 | €467 | €838 | +€371 | +79.5% |
| Profit (loss) for the period before taxes | 9903 | €191,871 | €176,047 | -€15,824 | -8.2% |
| Income taxes | 67/77 | €49,709 | €46,018 | -€3,691 | -7.4% |
| Profit (loss) for the period | 9904 | €142,162 | €130,029 | -€12,133 | -8.5% |
| Profit (loss) for the period to be appropriated | 9905 | €142,162 | €130,029 | -€12,133 | -8.5% |
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 7 October 2026 via checked.be.