FISCADEZ: 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.
FISCADEZ
Largest movements
- Tangible fixed assets +€162,942
up €162,942 (+82.9%), from €196,615 to €359,557
of which Assets under construction and advance payments: +€160,627
- Receivables within one year -€51,527
down €51,527 (-19.6%), from €262,861 to €211,335
of which Other amounts receivable: -€57,827
- Cash +€30,678
up €30,678 (+348.5%), from €8,803 to €39,481
mainly Debts after one year (+€176,599) and Net result for the year (+€97,071)
- Debts after one year +€176,599
up €176,599 (+179.7%), from €98,262 to €274,861
- Tax, wage and social debts -€41,006
down €41,006 (-49.9%), from €82,258 to €41,252
- Reserves +€6,900
up €6,900 (+2.4%), from €288,760 to €295,660
- Financial charges +€15,276
up €15,276 (+515.3%), from €2,965 to €18,241
- Taxes -€4,692
down €4,692 (-10.8%), from €43,326 to €38,634
- Gross operating margin +€1,941
up €1,941 (+1.4%), from €135,471 to €137,412
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 | €526,773 | €668,867 | +€142,094 | +27.0% |
| Fixed assets | 21/28 | €255,108 | €418,051 | +€162,942 | +63.9% |
| Tangible fixed assets | 22/27 | €196,615 | €359,557 | +€162,942 | +82.9% |
| Furniture and vehicles | 24 | - | €2,316 | +€2,316 | |
| Assets under construction and advance payments | 27 | €196,615 | €357,242 | +€160,627 | +81.7% |
| Financial fixed assets | 28 | €58,493 | €58,493 | = | 0.0% |
| Current assets | 29/58 | €271,664 | €250,816 | -€20,849 | -7.7% |
| Amounts receivable within one year | 40/41 | €262,861 | €211,335 | -€51,527 | -19.6% |
| Trade receivables | 40 | €114,700 | €121,000 | +€6,300 | +5.5% |
| Other amounts receivable | 41 | €148,161 | €90,335 | -€57,827 | -39.0% |
| Cash at bank and in hand | 54/58 | €8,803 | €39,481 | +€30,678 | +348.5% |
| Total equity and liabilities | 10/49 | €526,773 | €668,867 | +€142,094 | +27.0% |
| Equity | 10/15 | €335,534 | €342,506 | +€6,971 | +2.1% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €288,760 | €295,660 | +€6,900 | +2.4% |
| Distributable reserves | 133 | €288,760 | €295,660 | +€6,900 | +2.4% |
| Profit (loss) carried forward | 14 | €40,574 | €40,646 | +€71 | +0.2% |
| Amounts payable | 17/49 | €191,238 | €326,361 | +€135,123 | +70.7% |
| Amounts payable after more than one year | 17 | €98,262 | €274,861 | +€176,599 | +179.7% |
| Financial debts | 170/4 | €98,262 | €274,861 | +€176,599 | +179.7% |
| Amounts payable within one year | 42/48 | €92,976 | €51,500 | -€41,476 | -44.6% |
| Current portion of amounts payable after more than one year | 42 | €8,750 | €8,750 | = | 0.0% |
| Trade debts | 44 | €1,968 | €1,498 | -€470 | -23.9% |
| Suppliers | 440/4 | €1,968 | €1,498 | -€470 | -23.9% |
| Taxes, remuneration and social security | 45 | €82,258 | €41,252 | -€41,006 | -49.9% |
| Taxes | 450/3 | €82,258 | €41,252 | -€41,006 | -49.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,097 | €539 | -€557 | -50.8% |
| Other operating charges | 640/8 | €328 | €335 | +€7 | +2.2% |
| Gross operating margin | 9900 | €135,471 | €137,412 | +€1,941 | +1.4% |
| Operating profit (loss) | 9901 | €134,046 | €136,537 | +€2,491 | +1.9% |
| Financial income | 75/76B | €18,115 | €17,410 | -€705 | -3.9% |
| Recurring financial income | 75 | €18,115 | €17,410 | -€705 | -3.9% |
| Financial charges | 65/66B | €2,965 | €18,241 | +€15,276 | +515.3% |
| Recurring financial charges | 65 | €2,965 | €18,241 | +€15,276 | +515.3% |
| Profit (loss) for the period before taxes | 9903 | €149,196 | €135,706 | -€13,490 | -9.0% |
| Income taxes | 67/77 | €43,326 | €38,634 | -€4,692 | -10.8% |
| Profit (loss) for the period | 9904 | €105,870 | €97,071 | -€8,799 | -8.3% |
| Profit (loss) for the period to be appropriated | 9905 | €105,870 | €97,071 | -€8,799 | -8.3% |
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.