FISCABILITY: 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.
FISCABILITY
Largest movements
- Receivables within one year -€16,751
down €16,751 (-16.4%), from €102,251 to €85,500
of which Trade receivables: -€13,251
- Cash +€12,523
up €12,523 (+44.1%), from €28,367 to €40,890
mainly Other debts (+€40,476) and Net result for the year (+€32,378)
- Other debts +€40,476
up €40,476 (+101.0%), from €40,086 to €80,561
- Profit (loss) carried forward -€37,622
down €37,622 (-78.1%), from €48,149 to €10,526
- Tax, wage and social debts -€6,125
down €6,125 (-38.0%), from €16,112 to €9,987
- Gross operating margin +€4,625
up €4,625 (+11.5%), from €40,102 to €44,727
- Taxes +€885
up €885 (+9.9%), from €8,934 to €9,819
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 | €131,618 | €128,258 | -€3,360 | -2.6% |
| Fixed assets | 21/28 | €1,000 | €1,868 | +€868 | +86.8% |
| Tangible fixed assets | 22/27 | - | €868 | +€868 | |
| Furniture and vehicles | 24 | - | €868 | +€868 | |
| Financial fixed assets | 28 | €1,000 | €1,000 | = | 0.0% |
| Current assets | 29/58 | €130,618 | €126,390 | -€4,228 | -3.2% |
| Amounts receivable within one year | 40/41 | €102,251 | €85,500 | -€16,751 | -16.4% |
| Trade receivables | 40 | €13,251 | - | -€13,251 | |
| Other amounts receivable | 41 | €89,000 | €85,500 | -€3,500 | -3.9% |
| Cash at bank and in hand | 54/58 | €28,367 | €40,890 | +€12,523 | +44.1% |
| Total equity and liabilities | 10/49 | €131,618 | €128,258 | -€3,360 | -2.6% |
| Equity | 10/15 | €75,249 | €37,626 | -€37,622 | -50.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €8,500 | €8,500 | = | 0.0% |
| Distributable reserves | 133 | €8,500 | €8,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €48,149 | €10,526 | -€37,622 | -78.1% |
| Amounts payable | 17/49 | €56,370 | €90,632 | +€34,262 | +60.8% |
| Amounts payable within one year | 42/48 | €56,370 | €90,632 | +€34,262 | +60.8% |
| Trade debts | 44 | €172 | €83 | -€89 | -51.8% |
| Suppliers | 440/4 | €172 | €83 | -€89 | -51.8% |
| Taxes, remuneration and social security | 45 | €16,112 | €9,987 | -€6,125 | -38.0% |
| Taxes | 450/3 | €16,112 | €9,987 | -€6,125 | -38.0% |
| Other amounts payable | 47/48 | €40,086 | €80,561 | +€40,476 | +101.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €158 | +€158 | |
| Other operating charges | 640/8 | €882 | €968 | +€86 | +9.7% |
| Gross operating margin | 9900 | €40,102 | €44,727 | +€4,625 | +11.5% |
| Operating profit (loss) | 9901 | €39,220 | €43,600 | +€4,381 | +11.2% |
| Financial income | 75/76B | €8 | €62 | +€54 | +635.4% |
| Recurring financial income | 75 | €8 | €62 | +€54 | +635.4% |
| Financial charges | 65/66B | €1,611 | €1,466 | -€146 | -9.0% |
| Recurring financial charges | 65 | €1,611 | €1,466 | -€146 | -9.0% |
| Profit (loss) for the period before taxes | 9903 | €37,617 | €42,197 | +€4,580 | +12.2% |
| Income taxes | 67/77 | €8,934 | €9,819 | +€885 | +9.9% |
| Profit (loss) for the period | 9904 | €28,683 | €32,378 | +€3,695 | +12.9% |
| Profit (loss) for the period to be appropriated | 9905 | €28,683 | €32,378 | +€3,695 | +12.9% |
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.