Fiscal First FIJA: 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.
Fiscal First FIJA
Largest movements
- Receivables after one year +€129,077
new in 2025: €129,077
- Receivables within one year -€115,998
down €115,998 (-56.8%), from €204,340 to €88,342
of which Other amounts receivable: -€101,810
- Cash +€7,545
up €7,545 (+260%), from €2,899 to €10,445
mainly Receivables within one year (+€115,998) and Trade debts (+€44,204)
- Profit (loss) carried forward -€53,688
down €53,688 (-44.5%), from €120,745 to €67,057
- Trade debts +€44,204
up €44,204 (+295%), from €14,985 to €59,189
- Debts after one year +€33,483
new in 2025: €33,483
- Tax, wage and social debts -€4,055
down €4,055 (-30.4%), from €13,350 to €9,295
- Gross operating margin -€70,773
down €70,773, from €27,191 to -€43,582
- Write-downs +€11,396
new in 2025: €11,396
- Taxes -€8,731
down €8,731 (-97.0%), from €9,000 to €269
- Financial income +€3,275
up €3,275 (+330%), from €992 to €4,267
- Depreciation +€1,198
up €1,198 (+2,049%), from €59 to €1,257
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.
Derived cash bridge
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 | €215,080 | €235,025 | +€19,945 | +9.3% |
| Fixed assets | 21/28 | €2,711 | €2,718 | +€6 | +0.2% |
| Tangible fixed assets | 22/27 | €2,412 | €2,568 | +€155 | +6.4% |
| Furniture and vehicles | 24 | €2,412 | €2,568 | +€155 | +6.4% |
| Financial fixed assets | 28 | €299 | €150 | -€149 | -49.8% |
| Current assets | 29/58 | €212,369 | €232,307 | +€19,938 | +9.4% |
| Amounts receivable after more than one year | 29 | - | €129,077 | +€129,077 | |
| Other amounts receivable | 291 | - | €129,077 | +€129,077 | |
| Amounts receivable within one year | 40/41 | €204,340 | €88,342 | -€115,998 | -56.8% |
| Trade receivables | 40 | €81,666 | €67,478 | -€14,188 | -17.4% |
| Other amounts receivable | 41 | €122,674 | €20,863 | -€101,810 | -83.0% |
| Cash at bank and in hand | 54/58 | €2,899 | €10,445 | +€7,545 | +260% |
| Deferred charges and accrued income | 490/1 | €5,130 | €4,444 | -€686 | -13.4% |
| Total equity and liabilities | 10/49 | €215,080 | €235,025 | +€19,945 | +9.3% |
| Equity | 10/15 | €186,745 | €133,057 | -€53,688 | -28.7% |
| Contributions | 10/11 | €66,000 | €66,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €120,745 | €67,057 | -€53,688 | -44.5% |
| Amounts payable | 17/49 | €28,335 | €101,967 | +€73,632 | +260% |
| Amounts payable after more than one year | 17 | - | €33,483 | +€33,483 | |
| Other amounts payable | 178/9 | - | €33,483 | +€33,483 | |
| Amounts payable within one year | 42/48 | €28,335 | €68,484 | +€40,149 | +142% |
| Trade debts | 44 | €14,985 | €59,189 | +€44,204 | +295% |
| Suppliers | 440/4 | €14,985 | €59,189 | +€44,204 | +295% |
| Taxes, remuneration and social security | 45 | €13,350 | €9,295 | -€4,055 | -30.4% |
| Taxes | 450/3 | €13,350 | €9,295 | -€4,055 | -30.4% |
| Remuneration, social security and pensions | 62 | €117 | - | -€117 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €59 | €1,257 | +€1,198 | +2,049% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €11,396 | +€11,396 | |
| Other operating charges | 640/8 | €323 | €1,203 | +€881 | +273% |
| Non-recurring operating charges | 66A | €388 | - | -€388 | |
| Gross operating margin | 9900 | €27,191 | -€43,582 | -€70,773 | |
| Operating profit (loss) | 9901 | €26,304 | -€57,438 | -€83,742 | |
| Financial income | 75/76B | €992 | €4,267 | +€3,275 | +330% |
| Recurring financial income | 75 | €992 | €4,267 | +€3,275 | +330% |
| Financial charges | 65/66B | €205 | €247 | +€43 | +20.7% |
| Recurring financial charges | 65 | €205 | €247 | +€43 | +20.7% |
| Profit (loss) for the period before taxes | 9903 | €27,091 | -€53,418 | -€80,510 | |
| Income taxes | 67/77 | €9,000 | €269 | -€8,731 | -97.0% |
| Profit (loss) for the period | 9904 | €18,091 | -€53,688 | -€71,779 | |
| Profit (loss) for the period to be appropriated | 9905 | €18,091 | -€53,688 | -€71,779 |
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 20 October 2026 via checked.be.