FISCADOR: 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.
FISCADOR
Largest movements
- Current investments +€101,201
up €101,201 (+95.7%), from €105,776 to €206,977
- Cash -€32,406
down €32,406 (-35.5%), from €91,300 to €58,894
mainly Current investments (-€101,201) and Investment in fixed assets (net) (-€5,797)
- Receivables within one year -€13,524
down €13,524 (-35.4%), from €38,196 to €24,672
of which Trade receivables: -€9,183
- Tangible fixed assets -€10,098
down €10,098 (-4.5%), from €224,034 to €213,937
of which Furniture and vehicles: -€6,785
- Reserves +€51,939
up €51,939 (+12.2%), from €424,021 to €475,960
- Short-term financial debts +€8,591
up €8,591 (+16,061%), from €53 to €8,645
- Tax, wage and social debts -€5,659
down €5,659 (-28.9%), from €19,569 to €13,910
- Financial charges -€3,793
down €3,793 (-79.8%), from €4,754 to €961
- Taxes +€1,215
up €1,215 (+6.1%), from €19,792 to €21,007
From the 2025 result to the 2026 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.
Derived cash bridge
Derived from the 2025 and 2026 balance sheets and the 2026 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €464,585 | €513,993 | +€49,408 | +10.6% |
| Fixed assets | 21/28 | €224,304 | €214,207 | -€10,098 | -4.5% |
| Tangible fixed assets | 22/27 | €224,034 | €213,937 | -€10,098 | -4.5% |
| Land and buildings | 22 | €210,554 | €207,242 | -€3,313 | -1.6% |
| Furniture and vehicles | 24 | €13,480 | €6,695 | -€6,785 | -50.3% |
| Financial fixed assets | 28 | €270 | €270 | = | 0.0% |
| Current assets | 29/58 | €240,281 | €299,786 | +€59,506 | +24.8% |
| Amounts receivable within one year | 40/41 | €38,196 | €24,672 | -€13,524 | -35.4% |
| Trade receivables | 40 | €30,963 | €21,780 | -€9,183 | -29.7% |
| Other amounts receivable | 41 | €7,233 | €2,892 | -€4,341 | -60.0% |
| Current investments | 50/53 | €105,776 | €206,977 | +€101,201 | +95.7% |
| Cash at bank and in hand | 54/58 | €91,300 | €58,894 | -€32,406 | -35.5% |
| Deferred charges and accrued income | 490/1 | €5,009 | €9,243 | +€4,234 | +84.5% |
| Total equity and liabilities | 10/49 | €464,585 | €513,993 | +€49,408 | +10.6% |
| Equity | 10/15 | €436,421 | €488,360 | +€51,939 | +11.9% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €424,021 | €475,960 | +€51,939 | +12.2% |
| Distributable reserves | 133 | €424,021 | €475,960 | +€51,939 | +12.2% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €28,164 | €25,633 | -€2,531 | -9.0% |
| Amounts payable within one year | 42/48 | €24,372 | €25,633 | +€1,261 | +5.2% |
| Financial debts | 43 | €53 | €8,645 | +€8,591 | +16,061% |
| Credit institutions | 430/8 | €53 | €8,645 | +€8,591 | +16,061% |
| Trade debts | 44 | €4,750 | €3,079 | -€1,672 | -35.2% |
| Suppliers | 440/4 | €4,750 | €3,079 | -€1,672 | -35.2% |
| Taxes, remuneration and social security | 45 | €19,569 | €13,910 | -€5,659 | -28.9% |
| Taxes | 450/3 | €19,569 | €13,910 | -€5,659 | -28.9% |
| Other amounts payable | 47/48 | €0 | - | = | |
| Accrued charges and deferred income | 492/3 | €3,792 | €0 | -€3,792 | -100% |
| Non-recurring operating income | 76A | €14,786 | €0 | -€14,786 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,782 | €15,894 | +€113 | +0.7% |
| Other operating charges | 640/8 | €3,542 | €3,339 | -€203 | -5.7% |
| Gross operating margin | 9900 | €90,507 | €90,319 | -€188 | -0.2% |
| Operating profit (loss) | 9901 | €71,183 | €71,085 | -€98 | -0.1% |
| Financial income | 75/76B | €2,269 | €2,822 | +€553 | +24.4% |
| Recurring financial income | 75 | €2,269 | €2,822 | +€553 | +24.4% |
| Financial charges | 65/66B | €4,754 | €961 | -€3,793 | -79.8% |
| Recurring financial charges | 65 | €4,754 | €961 | -€3,793 | -79.8% |
| Profit (loss) for the period before taxes | 9903 | €68,698 | €72,946 | +€4,249 | +6.2% |
| Income taxes | 67/77 | €19,792 | €21,007 | +€1,215 | +6.1% |
| Profit (loss) for the period | 9904 | €48,906 | €51,939 | +€3,033 | +6.2% |
| Profit (loss) for the period to be appropriated | 9905 | €48,906 | €51,939 | +€3,033 | +6.2% |
Source: filed annual accounts (NBB), financial years ended 31 March 2025 and 31 March 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 14 October 2026 via checked.be.