FISC@WEST: 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.
What changed
FISC@WEST
NACE 69.201, Certified accountants and tax accountants
financial year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€92,520
2024 · €79,458+€13,062
Equity
€228,474
2024 · €165,954+€62,520
Cash
€84,957
2024 · €68,940+€16,017
Balance sheet total
€594,084
2024 · €548,966+€45,118
Largest movements
Assets
- Current investments +€39,999
new in 2025: €39,999
- Cash +€16,017
up €16,017 (+23.2%), from €68,940 to €84,957
mainly Net result for the year (+€92,520) and Depreciation (+€40,303)
Equity and liabilities
- Reserves +€62,520
up €62,520 (+1166.4%), from €5,360 to €67,880
of which Distributable reserves: +€62,520
- Current portion of long-term debt -€15,153
down €15,153 (-38.3%), from €39,605 to €24,451
- Short-term financial debts -€14,677
down €14,677 (-74.1%), from €19,806 to €5,128
- Other debts +€11,378
up €11,378 (+21.5%), from €52,884 to €64,261
- Debts after one year +€7,975
up €7,975 (+3.5%), from €226,535 to €234,510
Income statement
- Gross operating margin +€28,739
up €28,739 (+12.3%), from €233,995 to €262,733
- Taxes +€11,140
up €11,140 (+53.4%), from €20,857 to €31,997
- Staff costs +€4,657
up €4,657 (+6.6%), from €70,597 to €75,254
- Depreciation -€3,735
down €3,735 (-8.5%), from €44,038 to €40,303
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.
Result 2024
€79,458
Gross operating margin
+€28,739
Staff costs
-€4,657
Depreciation
+€3,735
Other operating charges
-€153
Other operating items
-€6,901
Financial income
+€1,970
Financial charges
+€1,470
Taxes
-€11,140
Result 2025
€92,520
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.
From operations
+€140,682
Investment
-€72,810
Financing
-€51,855
Cash 2024
€68,940
From operations (derived)
+€140,682
Net result for the year
+€92,520
Depreciation
+€40,303
Receivables within one year
+€4,373
Deferred charges and accrued income
-€967
Trade debts
-€1,237
Tax, wage and social debts
-€637
Other debts
+€11,378
Accrued charges and deferred income
-€5,051
Investment (derived)
-€72,810
Investment in fixed assets (net)
-€32,810
Current investments
-€39,999
Financing
-€51,855
Debts after one year
+€7,975
Current portion of long-term debt
-€15,153
Short-term financial debts
-€14,677
Contributions, distributions and other
-€30,000
Cash 2025
€84,957
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €548,966 | €594,084 | +€45,118 | +8.2% |
| Fixed assets | 21/28 | €399,607 | €392,114 | -€7,493 | -1.9% |
| Intangible fixed assets | 21 | €10,444 | €4,972 | -€5,472 | -52.4% |
| Tangible fixed assets | 22/27 | €388,906 | €386,885 | -€2,021 | -0.5% |
| Land and buildings | 22 | €199,661 | €200,049 | +€389 | +0.2% |
| Plant, machinery and equipment | 23 | €44,192 | €60,713 | +€16,521 | +37.4% |
| Furniture and vehicles | 24 | €26,211 | €15,622 | -€10,589 | -40.4% |
| Leasing and similar rights | 25 | €73,368 | €69,129 | -€4,240 | -5.8% |
| Other tangible fixed assets | 26 | €45,474 | €41,372 | -€4,102 | -9.0% |
| Financial fixed assets | 28 | €256 | €256 | = | 0.0% |
| Current assets | 29/58 | €149,359 | €201,971 | +€52,611 | +35.2% |
| Amounts receivable within one year | 40/41 | €58,386 | €54,014 | -€4,373 | -7.5% |
| Trade receivables | 40 | €49,943 | €53,908 | +€3,965 | +7.9% |
| Other amounts receivable | 41 | €8,443 | €106 | -€8,337 | -98.7% |
| Current investments | 50/53 | - | €39,999 | +€39,999 | |
| Cash at bank and in hand | 54/58 | €68,940 | €84,957 | +€16,017 | +23.2% |
| Deferred charges and accrued income | 490/1 | €22,033 | €23,000 | +€967 | +4.4% |
| Total equity and liabilities | 10/49 | €548,966 | €594,084 | +€45,118 | +8.2% |
| Equity | 10/15 | €165,954 | €228,474 | +€62,520 | +37.7% |
| Contributions | 10/11 | €53,600 | €53,600 | = | 0.0% |
| Capital | 10 | €53,600 | €53,600 | = | 0.0% |
| Issued capital | 100 | €53,600 | €53,600 | = | 0.0% |
| Reserves | 13 | €5,360 | €67,880 | +€62,520 | +1166.4% |
| Non-distributable reserves | 130/1 | €5,360 | €5,360 | = | 0.0% |
| Legal reserve | 130 | €5,360 | €5,360 | = | 0.0% |
| Distributable reserves | 133 | - | €62,520 | +€62,520 | |
| Profit (loss) carried forward | 14 | €106,994 | €106,994 | = | 0.0% |
| Amounts payable | 17/49 | €383,013 | €365,611 | -€17,402 | -4.5% |
| Amounts payable after more than one year | 17 | €226,535 | €234,510 | +€7,975 | +3.5% |
| Financial debts | 170/4 | €226,535 | €234,510 | +€7,975 | +3.5% |
| Amounts payable within one year | 42/48 | €151,427 | €131,101 | -€20,327 | -13.4% |
| Current portion of amounts payable after more than one year | 42 | €39,605 | €24,451 | -€15,153 | -38.3% |
| Financial debts | 43 | €19,806 | €5,128 | -€14,677 | -74.1% |
| Credit institutions | 430/8 | €19,806 | €5,128 | -€14,677 | -74.1% |
| Trade debts | 44 | €9,963 | €8,725 | -€1,237 | -12.4% |
| Suppliers | 440/4 | €9,963 | €8,725 | -€1,237 | -12.4% |
| Taxes, remuneration and social security | 45 | €29,171 | €28,534 | -€637 | -2.2% |
| Taxes | 450/3 | €18,398 | €16,030 | -€2,368 | -12.9% |
| Remuneration and social security | 454/9 | €10,773 | €12,504 | +€1,732 | +16.1% |
| Other amounts payable | 47/48 | €52,884 | €64,261 | +€11,378 | +21.5% |
| Accrued charges and deferred income | 492/3 | €5,051 | - | -€5,051 | |
| Non-recurring operating income | 76A | - | €350 | +€350 | |
| Remuneration, social security and pensions | 62 | €70,597 | €75,254 | +€4,657 | +6.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €44,038 | €40,303 | -€3,735 | -8.5% |
| Other operating charges | 640/8 | €4,008 | €4,161 | +€153 | +3.8% |
| Non-recurring operating charges | 66A | - | €6,901 | +€6,901 | |
| Gross operating margin | 9900 | €233,995 | €262,733 | +€28,739 | +12.3% |
| Operating profit (loss) | 9901 | €115,351 | €136,113 | +€20,762 | +18.0% |
| Financial income | 75/76B | €25 | €1,995 | +€1,970 | +8034.8% |
| Recurring financial income | 75 | €25 | €1,995 | +€1,970 | +8034.8% |
| Financial charges | 65/66B | €15,061 | €13,591 | -€1,470 | -9.8% |
| Recurring financial charges | 65 | €15,061 | €13,591 | -€1,470 | -9.8% |
| Profit (loss) for the period before taxes | 9903 | €100,315 | €124,517 | +€24,202 | +24.1% |
| Income taxes | 67/77 | €20,857 | €31,997 | +€11,140 | +53.4% |
| Profit (loss) for the period | 9904 | €79,458 | €92,520 | +€13,062 | +16.4% |
| Profit (loss) for the period to be appropriated | 9905 | €79,458 | €92,520 | +€13,062 | +16.4% |
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 12 October 2026 via checked.be.