FISCADVICE: 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.
FISCADVICE
Largest movements
- Tangible fixed assets +€103,309
up €103,309 (+24.8%), from €416,229 to €519,537
- Cash -€32,110
down €32,110 (-51.1%), from €62,785 to €30,674
mainly Investment in fixed assets (net) (-€118,771) and Deferred charges and accrued income (-€28,198)
- Deferred charges and accrued income +€28,198
up €28,198 (+115.9%), from €24,332 to €52,530
- Current investments +€8,403
new in 2025: €8,403
- Receivables within one year +€7,117
up €7,117 (+83.1%), from €8,566 to €15,683
of which Trade receivables: +€5,772
- Debts after one year +€80,583
up €80,583 (+22.5%), from €357,657 to €438,240
of which Financial debts: +€73,903
- Profit (loss) carried forward +€41,337
up €41,337 (+42.8%), from €96,521 to €137,857
- Financial charges +€19,638
up €19,638 (+110.4%), from €17,782 to €37,420
- Gross operating margin +€16,602
up €16,602 (+18.1%), from €91,795 to €108,397
- Taxes -€2,356
down €2,356 (-17.9%), from €13,139 to €10,783
- Depreciation +€2,261
up €2,261 (+17.1%), from €13,201 to €15,462
- Other operating charges +€2,096
up €2,096 (+144.5%), from €1,450 to €3,546
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 | €511,911 | €626,827 | +€114,915 | +22.4% |
| Fixed assets | 21/28 | €416,229 | €519,537 | +€103,309 | +24.8% |
| Tangible fixed assets | 22/27 | €416,229 | €519,537 | +€103,309 | +24.8% |
| Land and buildings | 22 | €416,229 | €519,537 | +€103,309 | +24.8% |
| Current assets | 29/58 | €95,683 | €107,290 | +€11,607 | +12.1% |
| Amounts receivable within one year | 40/41 | €8,566 | €15,683 | +€7,117 | +83.1% |
| Trade receivables | 40 | €1,731 | €7,502 | +€5,772 | +333.5% |
| Other amounts receivable | 41 | €6,835 | €8,180 | +€1,345 | +19.7% |
| Current investments | 50/53 | - | €8,403 | +€8,403 | |
| Cash at bank and in hand | 54/58 | €62,785 | €30,674 | -€32,110 | -51.1% |
| Deferred charges and accrued income | 490/1 | €24,332 | €52,530 | +€28,198 | +115.9% |
| Total equity and liabilities | 10/49 | €511,911 | €626,827 | +€114,915 | +22.4% |
| Equity | 10/15 | €115,121 | €156,457 | +€41,337 | +35.9% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | €96,521 | €137,857 | +€41,337 | +42.8% |
| Amounts payable | 17/49 | €396,791 | €470,369 | +€73,579 | +18.5% |
| Amounts payable after more than one year | 17 | €357,657 | €438,240 | +€80,583 | +22.5% |
| Financial debts | 170/4 | €357,657 | €431,560 | +€73,903 | +20.7% |
| Other amounts payable | 178/9 | - | €6,680 | +€6,680 | |
| Amounts payable within one year | 42/48 | €38,736 | €31,639 | -€7,097 | -18.3% |
| Current portion of amounts payable after more than one year | 42 | €26,926 | €25,087 | -€1,840 | -6.8% |
| Financial debts | 43 | €99 | €701 | +€602 | +608.3% |
| Credit institutions | 430/8 | €99 | €701 | +€602 | +608.3% |
| Trade debts | 44 | €3,432 | €2,803 | -€630 | -18.3% |
| Suppliers | 440/4 | €3,432 | €2,803 | -€630 | -18.3% |
| Taxes, remuneration and social security | 45 | €7,419 | €2,216 | -€5,203 | -70.1% |
| Taxes | 450/3 | €7,419 | €2,216 | -€5,203 | -70.1% |
| Other amounts payable | 47/48 | €859 | €833 | -€26 | -3.0% |
| Accrued charges and deferred income | 492/3 | €398 | €491 | +€93 | +23.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,201 | €15,462 | +€2,261 | +17.1% |
| Other operating charges | 640/8 | €1,450 | €3,546 | +€2,096 | +144.5% |
| Gross operating margin | 9900 | €91,795 | €108,397 | +€16,602 | +18.1% |
| Operating profit (loss) | 9901 | €77,144 | €89,389 | +€12,245 | +15.9% |
| Financial income | 75/76B | €616 | €984 | +€368 | +59.8% |
| Recurring financial income | 75 | €616 | €984 | +€368 | +59.8% |
| Financial charges | 65/66B | €17,782 | €37,420 | +€19,638 | +110.4% |
| Recurring financial charges | 65 | €17,782 | €37,420 | +€19,638 | +110.4% |
| Profit (loss) for the period before taxes | 9903 | €59,978 | €52,953 | -€7,025 | -11.7% |
| Income taxes | 67/77 | €13,139 | €10,783 | -€2,356 | -17.9% |
| Profit (loss) for the period | 9904 | €46,839 | €42,170 | -€4,669 | -10.0% |
| Profit (loss) for the period to be appropriated | 9905 | €46,839 | €42,170 | -€4,669 | -10.0% |
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 4 October 2026 via checked.be.