FISCALIFT: 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.
FISCALIFT
Largest movements
- Receivables within one year +€39,674
up €39,674 (+46.8%), from €84,759 to €124,433
of which Other amounts receivable: +€28,040
- Current investments +€24,000
up €24,000 (+40.0%), from €60,000 to €84,000
- Cash -€4,102
down €4,102 (-17.8%), from €23,049 to €18,947
mainly Receivables within one year (-€39,674) and Current investments (-€24,000)
- Reserves +€26,605
up €26,605 (+18.7%), from €141,986 to €168,591
of which Distributable reserves: +€35,025
- Tax, wage and social debts +€26,239
up €26,239 (+179.3%), from €14,635 to €40,874
of which Taxes: +€18,235
- Trade debts +€5,245
up €5,245 (+46.1%), from €11,374 to €16,619
- Gross operating margin +€40,319
up €40,319 (+35.0%), from €115,271 to €155,589
- Staff costs +€38,623
up €38,623 (+137.3%), from €28,132 to €66,755
- Taxes +€8,706
up €8,706 (+38.1%), from €22,834 to €31,540
- Depreciation +€3,405
up €3,405 (+27.3%), from €12,452 to €15,857
- Other operating charges -€3,046
down €3,046 (-41.0%), from €7,421 to €4,375
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 | €229,735 | €287,822 | +€58,087 | +25.3% |
| Fixed assets | 21/28 | €51,424 | €47,105 | -€4,318 | -8.4% |
| Intangible fixed assets | 21 | €5,253 | €3,784 | -€1,469 | -28.0% |
| Tangible fixed assets | 22/27 | €46,171 | €43,321 | -€2,849 | -6.2% |
| Plant, machinery and equipment | 23 | €862 | €1,525 | +€663 | +77.0% |
| Furniture and vehicles | 24 | €37,670 | €34,017 | -€3,653 | -9.7% |
| Other tangible fixed assets | 26 | €7,639 | €7,780 | +€140 | +1.8% |
| Current assets | 29/58 | €178,311 | €240,717 | +€62,406 | +35.0% |
| Amounts receivable within one year | 40/41 | €84,759 | €124,433 | +€39,674 | +46.8% |
| Trade receivables | 40 | €5,448 | €17,082 | +€11,634 | +213.6% |
| Other amounts receivable | 41 | €79,312 | €107,352 | +€28,040 | +35.4% |
| Current investments | 50/53 | €60,000 | €84,000 | +€24,000 | +40.0% |
| Cash at bank and in hand | 54/58 | €23,049 | €18,947 | -€4,102 | -17.8% |
| Deferred charges and accrued income | 490/1 | €10,503 | €13,337 | +€2,834 | +27.0% |
| Total equity and liabilities | 10/49 | €229,735 | €287,822 | +€58,087 | +25.3% |
| Equity | 10/15 | €186,947 | €213,552 | +€26,605 | +14.2% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €141,986 | €168,591 | +€26,605 | +18.7% |
| Tax-exempt reserves | 132 | €46,310 | €37,890 | -€8,420 | -18.2% |
| Distributable reserves | 133 | €95,676 | €130,701 | +€35,025 | +36.6% |
| Profit (loss) carried forward | 14 | €38,761 | €38,761 | = | 0.0% |
| Amounts payable | 17/49 | €42,787 | €74,270 | +€31,482 | +73.6% |
| Amounts payable within one year | 42/48 | €42,787 | €74,270 | +€31,482 | +73.6% |
| Current portion of amounts payable after more than one year | 42 | €13,779 | €13,777 | -€2 | 0.0% |
| Trade debts | 44 | €11,374 | €16,619 | +€5,245 | +46.1% |
| Suppliers | 440/4 | €11,374 | €16,619 | +€5,245 | +46.1% |
| Taxes, remuneration and social security | 45 | €14,635 | €40,874 | +€26,239 | +179.3% |
| Taxes | 450/3 | €12,099 | €30,335 | +€18,235 | +150.7% |
| Remuneration and social security | 454/9 | €2,536 | €10,539 | +€8,004 | +315.6% |
| Other amounts payable | 47/48 | €3,000 | €3,000 | = | 0.0% |
| Remuneration, social security and pensions | 62 | €28,132 | €66,755 | +€38,623 | +137.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,452 | €15,857 | +€3,405 | +27.3% |
| Other operating charges | 640/8 | €7,421 | €4,375 | -€3,046 | -41.0% |
| Gross operating margin | 9900 | €115,271 | €155,589 | +€40,319 | +35.0% |
| Operating profit (loss) | 9901 | €67,265 | €68,602 | +€1,336 | +2.0% |
| Financial income | 75/76B | €5,930 | €5,515 | -€415 | -7.0% |
| Recurring financial income | 75 | €4,859 | €5,515 | +€656 | +13.5% |
| Non-recurring financial income | 76B | €1,070 | - | -€1,070 | |
| Financial charges | 65/66B | €979 | €971 | -€8 | -0.8% |
| Recurring financial charges | 65 | €979 | €971 | -€8 | -0.8% |
| Profit (loss) for the period before taxes | 9903 | €72,216 | €73,145 | +€930 | +1.3% |
| Income taxes | 67/77 | €22,834 | €31,540 | +€8,706 | +38.1% |
| Profit (loss) for the period | 9904 | €49,382 | €41,605 | -€7,776 | -15.7% |
| Transfer from tax-exempt reserves | 789 | €29,470 | €21,050 | -€8,420 | -28.6% |
| Transfer to tax-exempt reserves | 689 | €12,630 | €12,630 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €66,222 | €50,025 | -€16,196 | -24.5% |
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 10 October 2026 via checked.be.