FISCAL TEAM: 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.
What changed
FISCAL TEAM
NACE 69.201, Certified accountants and tax accountants
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€429,764
2024 · €388,755+€41,009
Equity
€833,672
2024 · €574,356+€259,316
Cash
€77,411
2024 · €330,647-€253,235
Balance sheet total
€3.7m
2024 · €3.5m+€226,930
Largest movements
Assets
- Receivables after one year +€621,994
up €621,994 (+112.4%), from €553,612 to €1.2m
of which Trade receivables: +€621,994
- Cash -€253,235
down €253,235 (-76.6%), from €330,647 to €77,411
mainly Receivables after one year (-€621,994) and Debts after one year (-€260,357)
- Intangible fixed assets -€197,038
down €197,038 (-16.3%), from €1.2m to €1.0m
- Current investments +€140,180
up €140,180 (+34.0%), from €412,459 to €552,639
- Tangible fixed assets -€71,850
down €71,850 (-7.8%), from €923,172 to €851,322
of which Land and buildings: -€46,669
Equity and liabilities
- Accrued charges and deferred income +€359,949
up €359,949 (+32452.1%), from €1,109 to €361,058
- Debts after one year -€260,357
down €260,357 (-16.0%), from €1.6m to €1.4m
of which Financial debts: -€260,357
- Reserves +€259,316
up €259,316 (+348.7%), from €74,356 to €333,672
of which Distributable reserves: +€259,316
- Other debts -€101,235
down €101,235 (-36.2%), from €279,484 to €178,248
- Current portion of long-term debt -€76,875
down €76,875 (-21.2%), from €362,232 to €285,357
Income statement
- Turnover -€3.4m
no longer reported in 2025 (was €3.4m)
- Purchases and services -€2.0m
no longer reported in 2025 (was €2.0m)
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.
Result 2024
€388,755
Gross operating margin
-€303
Staff costs
+€25,281
Depreciation
+€10,560
Provisions
+€24,697
Other operating charges
+€628
Other operating items
+€52
Financial income
+€14,988
Financial charges
-€17,984
Taxes
-€16,910
Result 2025
€429,764
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.
From operations
+€375,342
Investment
-€125,619
Financing
-€502,958
Cash 2024
€330,647
From operations (derived)
+€375,342
Net result for the year
+€429,764
Depreciation
+€254,528
Receivables after one year
-€621,994
Receivables within one year
+€1,864
Deferred charges and accrued income
+€11,056
Provisions
-€16,401
Trade debts
+€52,314
Tax, wage and social debts
+€5,498
Other debts
-€101,235
Accrued charges and deferred income
+€359,949
Investment (derived)
-€125,619
Investment in fixed assets (net)
+€14,560
Current investments
-€140,180
Financing
-€502,958
Debts after one year
-€260,357
Current portion of long-term debt
-€76,875
Short-term financial debts
+€4,722
Contributions, distributions and other
-€170,448
Cash 2025
€77,411
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €3,471,939 | €3,698,869 | +€226,930 | +6.5% |
| Fixed assets | 21/28 | €2,137,424 | €1,868,336 | -€269,088 | -12.6% |
| Intangible fixed assets | 21 | €1,209,552 | €1,012,514 | -€197,038 | -16.3% |
| Tangible fixed assets | 22/27 | €923,172 | €851,322 | -€71,850 | -7.8% |
| Land and buildings | 22 | €806,775 | €760,106 | -€46,669 | -5.8% |
| Furniture and vehicles | 24 | €25,579 | €21,407 | -€4,172 | -16.3% |
| Other tangible fixed assets | 26 | €90,818 | €69,808 | -€21,010 | -23.1% |
| Financial fixed assets | 28 | €4,700 | €4,500 | -€200 | -4.3% |
| Current assets | 29/58 | €1,334,516 | €1,830,534 | +€496,018 | +37.2% |
| Amounts receivable after more than one year | 29 | €553,612 | €1,175,606 | +€621,994 | +112.4% |
| Trade receivables | 290 | - | €621,994 | +€621,994 | |
| Other amounts receivable | 291 | €553,612 | €553,612 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €22,322 | €20,458 | -€1,864 | -8.4% |
| Trade receivables | 40 | €8,044 | €14,301 | +€6,257 | +77.8% |
| Other amounts receivable | 41 | €14,278 | €6,157 | -€8,121 | -56.9% |
| Current investments | 50/53 | €412,459 | €552,639 | +€140,180 | +34.0% |
| Cash at bank and in hand | 54/58 | €330,647 | €77,411 | -€253,235 | -76.6% |
| Deferred charges and accrued income | 490/1 | €15,476 | €4,420 | -€11,056 | -71.4% |
| Total equity and liabilities | 10/49 | €3,471,939 | €3,698,869 | +€226,930 | +6.5% |
| Equity | 10/15 | €574,356 | €833,672 | +€259,316 | +45.1% |
| Contributions | 10/11 | €500,000 | €500,000 | = | 0.0% |
| Capital | 10 | €500,000 | €500,000 | = | 0.0% |
| Issued capital | 100 | €500,000 | €500,000 | = | 0.0% |
| Reserves | 13 | €74,356 | €333,672 | +€259,316 | +348.7% |
| Non-distributable reserves | 130/1 | €50,000 | €50,000 | = | 0.0% |
| Legal reserve | 130 | €50,000 | €50,000 | = | 0.0% |
| Distributable reserves | 133 | €24,356 | €283,672 | +€259,316 | +1064.7% |
| Profit (loss) carried forward | 14 | €0 | - | = | |
| Provisions and deferred taxes | 16 | €197,406 | €181,005 | -€16,401 | -8.3% |
| Provisions for liabilities and charges | 160/5 | €197,406 | €181,005 | -€16,401 | -8.3% |
| Other liabilities and charges | 164/5 | €197,406 | €181,005 | -€16,401 | -8.3% |
| Amounts payable | 17/49 | €2,700,177 | €2,684,193 | -€15,985 | -0.6% |
| Amounts payable after more than one year | 17 | €1,624,662 | €1,364,305 | -€260,357 | -16.0% |
| Financial debts | 170/4 | €849,184 | €588,827 | -€260,357 | -30.7% |
| Other amounts payable | 178/9 | €775,478 | €775,478 | = | 0.0% |
| Amounts payable within one year | 42/48 | €1,074,406 | €958,829 | -€115,576 | -10.8% |
| Current portion of amounts payable after more than one year | 42 | €362,232 | €285,357 | -€76,875 | -21.2% |
| Financial debts | 43 | €3,444 | €8,166 | +€4,722 | +137.1% |
| Credit institutions | 430/8 | €3,444 | €8,166 | +€4,722 | +137.1% |
| Trade debts | 44 | €187,026 | €239,340 | +€52,314 | +28.0% |
| Suppliers | 440/4 | €187,026 | €239,340 | +€52,314 | +28.0% |
| Taxes, remuneration and social security | 45 | €242,220 | €247,718 | +€5,498 | +2.3% |
| Taxes | 450/3 | €163,046 | €187,253 | +€24,206 | +14.8% |
| Remuneration and social security | 454/9 | €79,173 | €60,465 | -€18,708 | -23.6% |
| Other amounts payable | 47/48 | €279,484 | €178,248 | -€101,235 | -36.2% |
| Accrued charges and deferred income | 492/3 | €1,109 | €361,058 | +€359,949 | +32452.1% |
| Turnover | 70 | €3,391,429 | - | -€3.4m | |
| Non-recurring operating income | 76A | €282 | €3,679 | +€3,397 | +1202.7% |
| Goods, raw materials, services and sundry goods | 60/61 | €1,978,990 | - | -€2.0m | |
| Remuneration, social security and pensions | 62 | €497,338 | €472,057 | -€25,281 | -5.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €265,088 | €254,528 | -€10,560 | -4.0% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | €8,295 | -€16,401 | -€24,697 | |
| Other operating charges | 640/8 | €3,076 | €2,447 | -€628 | -20.4% |
| Non-recurring operating charges | 66A | €94 | €41 | -€52 | -55.7% |
| Gross operating margin | 9900 | €1,412,722 | €1,412,419 | -€303 | 0.0% |
| Operating profit (loss) | 9901 | €638,831 | €699,746 | +€60,915 | +9.5% |
| Financial income | 75/76B | €1,332 | €16,320 | +€14,988 | +1125.0% |
| Recurring financial income | 75 | €1,332 | €16,320 | +€14,988 | +1125.0% |
| Financial charges | 65/66B | €119,837 | €137,821 | +€17,984 | +15.0% |
| Recurring financial charges | 65 | €119,837 | €137,821 | +€17,984 | +15.0% |
| Profit (loss) for the period before taxes | 9903 | €520,327 | €578,245 | +€57,918 | +11.1% |
| Income taxes | 67/77 | €131,572 | €148,481 | +€16,910 | +12.9% |
| Profit (loss) for the period | 9904 | €388,755 | €429,764 | +€41,009 | +10.5% |
| Transfer from tax-exempt reserves | 789 | €8,150 | - | -€8,150 | |
| Profit (loss) for the period to be appropriated | 9905 | €396,905 | €429,764 | +€32,859 | +8.3% |
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 5 October 2026 via checked.be.