FISCALCI: 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.
FISCALCI
Largest movements
- Tangible fixed assets +€17,144
up €17,144 (+56.1%), from €30,576 to €47,719
- Receivables within one year +€14,273
up €14,273 (+258.6%), from €5,519 to €19,792
of which Trade receivables: +€14,337
- Cash +€4,536
up €4,536 (+92.5%), from €4,905 to €9,441
mainly Net result for the year (+€29,091) and Debts after one year (+€20,688)
- Financial fixed assets +€810
new in 2025: €810
- Reserves +€29,091
up €29,091 (+145.5%), from €20,000 to €49,091
- Debts after one year +€20,688
new in 2025: €20,688
- Other debts -€16,703
no longer reported in 2025 (was €16,703)
- Current portion of long-term debt +€5,099
new in 2025: €5,099
- Tax, wage and social debts -€1,500
down €1,500 (-53.3%), from €2,815 to €1,315
of which Taxes: -€1,000
- Depreciation +€5,748
up €5,748 (+130.8%), from €4,393 to €10,141
- Gross operating margin +€4,186
up €4,186 (+8.3%), from €50,738 to €54,925
- Taxes -€1,756
down €1,756 (-16.9%), from €10,369 to €8,613
- Financial charges +€1,518
up €1,518 (+2831.0%), from €54 to €1,572
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 | €41,000 | €77,762 | +€36,762 | +89.7% |
| Fixed assets | 21/28 | €30,576 | €48,529 | +€17,954 | +58.7% |
| Tangible fixed assets | 22/27 | €30,576 | €47,719 | +€17,144 | +56.1% |
| Furniture and vehicles | 24 | €30,576 | €47,719 | +€17,144 | +56.1% |
| Financial fixed assets | 28 | - | €810 | +€810 | |
| Current assets | 29/58 | €10,424 | €29,232 | +€18,808 | +180.4% |
| Amounts receivable within one year | 40/41 | €5,519 | €19,792 | +€14,273 | +258.6% |
| Trade receivables | 40 | €5,346 | €19,683 | +€14,337 | +268.2% |
| Other amounts receivable | 41 | €173 | €109 | -€64 | -37.1% |
| Cash at bank and in hand | 54/58 | €4,905 | €9,441 | +€4,536 | +92.5% |
| Total equity and liabilities | 10/49 | €41,000 | €77,762 | +€36,762 | +89.7% |
| Equity | 10/15 | €21,000 | €50,091 | +€29,091 | +138.5% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Reserves | 13 | €20,000 | €49,091 | +€29,091 | +145.5% |
| Distributable reserves | 133 | €20,000 | €49,091 | +€29,091 | +145.5% |
| Amounts payable | 17/49 | €20,000 | €27,670 | +€7,671 | +38.4% |
| Amounts payable after more than one year | 17 | - | €20,688 | +€20,688 | |
| Financial debts | 170/4 | - | €20,688 | +€20,688 | |
| Amounts payable within one year | 42/48 | €20,000 | €6,982 | -€13,018 | -65.1% |
| Current portion of amounts payable after more than one year | 42 | - | €5,099 | +€5,099 | |
| Trade debts | 44 | €482 | €569 | +€86 | +17.9% |
| Suppliers | 440/4 | €482 | €569 | +€86 | +17.9% |
| Taxes, remuneration and social security | 45 | €2,815 | €1,315 | -€1,500 | -53.3% |
| Taxes | 450/3 | €2,315 | €1,315 | -€1,000 | -43.2% |
| Remuneration and social security | 454/9 | €500 | - | -€500 | |
| Other amounts payable | 47/48 | €16,703 | - | -€16,703 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,393 | €10,141 | +€5,748 | +130.8% |
| Other operating charges | 640/8 | €494 | €778 | +€284 | +57.5% |
| Non-recurring operating charges | 66A | - | €4,735 | +€4,735 | |
| Gross operating margin | 9900 | €50,738 | €54,925 | +€4,186 | +8.3% |
| Operating profit (loss) | 9901 | €45,851 | €39,270 | -€6,581 | -14.4% |
| Financial income | 75/76B | - | €6 | +€6 | |
| Recurring financial income | 75 | - | €6 | +€6 | |
| Financial charges | 65/66B | €54 | €1,572 | +€1,518 | +2831.0% |
| Recurring financial charges | 65 | €54 | €1,572 | +€1,518 | +2831.0% |
| Profit (loss) for the period before taxes | 9903 | €45,797 | €37,705 | -€8,093 | -17.7% |
| Income taxes | 67/77 | €10,369 | €8,613 | -€1,756 | -16.9% |
| Profit (loss) for the period | 9904 | €35,428 | €29,091 | -€6,337 | -17.9% |
| Profit (loss) for the period to be appropriated | 9905 | €35,428 | €29,091 | -€6,337 | -17.9% |
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 29 September 2026 via checked.be.