FISC-PROTECT: 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-PROTECT
Largest movements
- Current investments +€259,619
up €259,619 (+11.6%), from €2.2m to €2.5m
- Cash -€83,431
down €83,431 (-13.6%), from €611,777 to €528,346
mainly Current investments (-€259,619) and Contributions, distributions and other (-€153,250)
- Reserves +€119,250
up €119,250 (+7.5%), from €1.6m to €1.7m
- Other debts +€71,982
up €71,982 (+29.2%), from €246,729 to €318,711
- Financial income -€121,544
down €121,544 (-74.7%), from €162,604 to €41,060
- Taxes -€33,949
down €33,949 (-21.7%), from €156,494 to €122,545
- Gross operating margin -€22,706
down €22,706 (-4.2%), from €544,384 to €521,679
- Staff costs +€10,233
up €10,233 (+8.9%), from €115,005 to €125,238
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 | €3,266,908 | €3,444,508 | +€177,601 | +5.4% |
| Fixed assets | 21/28 | €200,802 | €227,213 | +€26,412 | +13.2% |
| Intangible fixed assets | 21 | €307 | €27 | -€280 | -91.2% |
| Tangible fixed assets | 22/27 | €200,337 | €227,029 | +€26,692 | +13.3% |
| Land and buildings | 22 | €180,619 | €203,831 | +€23,212 | +12.9% |
| Plant, machinery and equipment | 23 | €16,904 | €19,869 | +€2,965 | +17.5% |
| Furniture and vehicles | 24 | €2,814 | €3,329 | +€515 | +18.3% |
| Financial fixed assets | 28 | €157 | €157 | = | 0.0% |
| Current assets | 29/58 | €3,066,106 | €3,217,295 | +€151,189 | +4.9% |
| Amounts receivable within one year | 40/41 | €191,352 | €169,033 | -€22,319 | -11.7% |
| Trade receivables | 40 | €174,342 | €152,210 | -€22,131 | -12.7% |
| Other amounts receivable | 41 | €17,010 | €16,822 | -€188 | -1.1% |
| Current investments | 50/53 | €2,244,327 | €2,503,946 | +€259,619 | +11.6% |
| Cash at bank and in hand | 54/58 | €611,777 | €528,346 | -€83,431 | -13.6% |
| Deferred charges and accrued income | 490/1 | €18,651 | €15,970 | -€2,680 | -14.4% |
| Total equity and liabilities | 10/49 | €3,266,908 | €3,444,508 | +€177,601 | +5.4% |
| Equity | 10/15 | €2,906,561 | €3,025,954 | +€119,393 | +4.1% |
| Contributions | 10/11 | €1,320,067 | €1,320,067 | = | 0.0% |
| Reserves | 13 | €1,584,967 | €1,704,217 | +€119,250 | +7.5% |
| Distributable reserves | 133 | €1,584,967 | €1,704,217 | +€119,250 | +7.5% |
| Profit (loss) carried forward | 14 | €1,528 | €1,671 | +€143 | +9.4% |
| Amounts payable | 17/49 | €360,347 | €418,554 | +€58,208 | +16.2% |
| Amounts payable within one year | 42/48 | €355,632 | €414,918 | +€59,287 | +16.7% |
| Trade debts | 44 | €5,725 | €3,091 | -€2,634 | -46.0% |
| Suppliers | 440/4 | €5,725 | €3,091 | -€2,634 | -46.0% |
| Taxes, remuneration and social security | 45 | €103,178 | €93,116 | -€10,062 | -9.8% |
| Taxes | 450/3 | €80,540 | €65,719 | -€14,821 | -18.4% |
| Remuneration and social security | 454/9 | €22,638 | €27,398 | +€4,760 | +21.0% |
| Other amounts payable | 47/48 | €246,729 | €318,711 | +€71,982 | +29.2% |
| Accrued charges and deferred income | 492/3 | €4,715 | €3,636 | -€1,079 | -22.9% |
| Remuneration, social security and pensions | 62 | €115,005 | €125,238 | +€10,233 | +8.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €21,738 | €17,375 | -€4,363 | -20.1% |
| Other operating charges | 640/8 | €8,222 | €8,934 | +€711 | +8.7% |
| Non-recurring operating charges | 66A | - | €14,749 | +€14,749 | |
| Gross operating margin | 9900 | €544,384 | €521,679 | -€22,706 | -4.2% |
| Operating profit (loss) | 9901 | €399,419 | €355,383 | -€44,036 | -11.0% |
| Financial income | 75/76B | €162,604 | €41,060 | -€121,544 | -74.7% |
| Recurring financial income | 75 | €162,604 | €41,060 | -€121,544 | -74.7% |
| Financial charges | 65/66B | €436 | €1,256 | +€820 | +188.0% |
| Recurring financial charges | 65 | €436 | €1,256 | +€820 | +188.0% |
| Profit (loss) for the period before taxes | 9903 | €561,587 | €395,188 | -€166,399 | -29.6% |
| Income taxes | 67/77 | €156,494 | €122,545 | -€33,949 | -21.7% |
| Profit (loss) for the period | 9904 | €405,093 | €272,643 | -€132,450 | -32.7% |
| Profit (loss) for the period to be appropriated | 9905 | €405,093 | €272,643 | -€132,450 | -32.7% |
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.