FISCALCY: 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.
FISCALCY
Largest movements
- Cash +€10,410
up €10,410 (+87.5%), from €11,900 to €22,310
mainly Depreciation (+€7,033) and Net result for the year (+€6,459)
- Tangible fixed assets -€3,692
down €3,692 (-17.5%), from €21,128 to €17,436
of which Other tangible fixed assets: -€2,624
- Receivables within one year -€1,282
down €1,282 (-48.4%), from €2,650 to €1,368
of which Trade receivables: -€1,948
- Deferred charges and accrued income +€986
up €986 (+228.7%), from €431 to €1,417
- Profit (loss) carried forward +€6,459
up €6,459 (+42.6%), from €15,155 to €21,614
- Tax, wage and social debts -€523
down €523 (-28.2%), from €1,850 to €1,328
- Staff costs -€4,944
no longer reported in 2025 (was €4,944)
- Gross operating margin -€3,047
down €3,047 (-14.8%), from €20,551 to €17,504
- Taxes +€972
up €972 (+39.7%), from €2,451 to €3,422
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 | €36,206 | €42,531 | +€6,324 | +17.5% |
| Fixed assets | 21/28 | €21,226 | €17,436 | -€3,790 | -17.9% |
| Tangible fixed assets | 22/27 | €21,128 | €17,436 | -€3,692 | -17.5% |
| Furniture and vehicles | 24 | €9,467 | €8,399 | -€1,068 | -11.3% |
| Other tangible fixed assets | 26 | €11,660 | €9,037 | -€2,624 | -22.5% |
| Financial fixed assets | 28 | €98 | - | -€98 | |
| Current assets | 29/58 | €14,981 | €25,095 | +€10,114 | +67.5% |
| Amounts receivable within one year | 40/41 | €2,650 | €1,368 | -€1,282 | -48.4% |
| Trade receivables | 40 | €2,650 | €702 | -€1,948 | -73.5% |
| Other amounts receivable | 41 | - | €666 | +€666 | |
| Cash at bank and in hand | 54/58 | €11,900 | €22,310 | +€10,410 | +87.5% |
| Deferred charges and accrued income | 490/1 | €431 | €1,417 | +€986 | +228.7% |
| Total equity and liabilities | 10/49 | €36,206 | €42,531 | +€6,324 | +17.5% |
| Equity | 10/15 | €33,705 | €40,164 | +€6,459 | +19.2% |
| Contributions | 10/11 | €18,550 | €18,550 | = | 0.0% |
| Profit (loss) carried forward | 14 | €15,155 | €21,614 | +€6,459 | +42.6% |
| Amounts payable | 17/49 | €2,502 | €2,367 | -€135 | -5.4% |
| Amounts payable within one year | 42/48 | €2,502 | €2,367 | -€135 | -5.4% |
| Trade debts | 44 | €622 | €1,039 | +€417 | +67.1% |
| Suppliers | 440/4 | €622 | €1,039 | +€417 | +67.1% |
| Taxes, remuneration and social security | 45 | €1,850 | €1,328 | -€523 | -28.2% |
| Taxes | 450/3 | €1,850 | €1,328 | -€523 | -28.2% |
| Other amounts payable | 47/48 | €30 | - | -€30 | |
| Remuneration, social security and pensions | 62 | €4,944 | - | -€4,944 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,123 | €7,033 | -€90 | -1.3% |
| Other operating charges | 640/8 | €433 | €442 | +€9 | +2.0% |
| Gross operating margin | 9900 | €20,551 | €17,504 | -€3,047 | -14.8% |
| Operating profit (loss) | 9901 | €8,051 | €10,029 | +€1,978 | +24.6% |
| Financial charges | 65/66B | €129 | €148 | +€18 | +14.2% |
| Recurring financial charges | 65 | €129 | €148 | +€18 | +14.2% |
| Profit (loss) for the period before taxes | 9903 | €7,922 | €9,881 | +€1,959 | +24.7% |
| Income taxes | 67/77 | €2,451 | €3,422 | +€972 | +39.7% |
| Profit (loss) for the period | 9904 | €5,471 | €6,459 | +€988 | +18.1% |
| Profit (loss) for the period to be appropriated | 9905 | €5,471 | €6,459 | +€988 | +18.1% |
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.