FISCALIS: 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.
FISCALIS
Largest movements
- Cash +€218,817
up €218,817 (+45.7%), from €479,284 to €698,101
mainly Net result for the year (+€212,898) and Depreciation (+€59,286)
- Tangible fixed assets +€19,623
up €19,623 (+4.4%), from €441,510 to €461,133
of which Land and buildings: +€18,299
- Reserves +€212,898
up €212,898 (+16.8%), from €1.3m to €1.5m
of which Distributable reserves: +€224,002
- Gross operating margin +€94,508
up €94,508 (+13.7%), from €689,429 to €783,937
- Staff costs +€65,144
up €65,144 (+18.7%), from €349,077 to €414,222
- Taxes +€8,777
up €8,777 (+9.4%), from €93,612 to €102,389
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 | €1,641,216 | €1,866,941 | +€225,726 | +13.8% |
| Fixed assets | 21/28 | €458,662 | €472,855 | +€14,193 | +3.1% |
| Intangible fixed assets | 21 | €17,152 | €11,722 | -€5,430 | -31.7% |
| Tangible fixed assets | 22/27 | €441,510 | €461,133 | +€19,623 | +4.4% |
| Land and buildings | 22 | €426,421 | €444,720 | +€18,299 | +4.3% |
| Plant, machinery and equipment | 23 | €6,945 | €8,779 | +€1,834 | +26.4% |
| Furniture and vehicles | 24 | €8,145 | €7,635 | -€510 | -6.3% |
| Current assets | 29/58 | €1,182,554 | €1,394,086 | +€211,533 | +17.9% |
| Amounts receivable within one year | 40/41 | €694,842 | €691,738 | -€3,104 | -0.4% |
| Trade receivables | 40 | €693,203 | €683,515 | -€9,688 | -1.4% |
| Other amounts receivable | 41 | €1,639 | €8,223 | +€6,585 | +401.8% |
| Cash at bank and in hand | 54/58 | €479,284 | €698,101 | +€218,817 | +45.7% |
| Deferred charges and accrued income | 490/1 | €8,428 | €4,247 | -€4,181 | -49.6% |
| Total equity and liabilities | 10/49 | €1,641,216 | €1,866,941 | +€225,726 | +13.8% |
| Equity | 10/15 | €1,327,078 | €1,539,976 | +€212,898 | +16.0% |
| Contributions | 10/11 | €62,192 | €62,192 | = | 0.0% |
| Reserves | 13 | €1,264,885 | €1,477,784 | +€212,898 | +16.8% |
| Tax-exempt reserves | 132 | €149,123 | €138,019 | -€11,104 | -7.4% |
| Distributable reserves | 133 | €1,115,762 | €1,339,764 | +€224,002 | +20.1% |
| Profit (loss) carried forward | 14 | €0 | - | = | |
| Provisions and deferred taxes | 16 | €37,281 | €34,505 | -€2,776 | -7.4% |
| Deferred taxes | 168 | €37,281 | €34,505 | -€2,776 | -7.4% |
| Amounts payable | 17/49 | €276,857 | €292,460 | +€15,603 | +5.6% |
| Amounts payable after more than one year | 17 | €19,444 | €12,063 | -€7,381 | -38.0% |
| Financial debts | 170/4 | €19,444 | €12,063 | -€7,381 | -38.0% |
| Amounts payable within one year | 42/48 | €257,413 | €280,397 | +€22,984 | +8.9% |
| Current portion of amounts payable after more than one year | 42 | €15,000 | €15,000 | = | 0.0% |
| Trade debts | 44 | €186,721 | €203,909 | +€17,188 | +9.2% |
| Suppliers | 440/4 | €186,721 | €203,909 | +€17,188 | +9.2% |
| Taxes, remuneration and social security | 45 | €55,692 | €61,488 | +€5,796 | +10.4% |
| Taxes | 450/3 | €55,692 | €61,488 | +€5,796 | +10.4% |
| Remuneration and social security | 454/9 | - | €0 | = | |
| Other amounts payable | 47/48 | €0 | €0 | = | |
| Remuneration, social security and pensions | 62 | €349,077 | €414,222 | +€65,144 | +18.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €56,699 | €59,286 | +€2,587 | +4.6% |
| Other operating charges | 640/8 | €3,714 | €3,853 | +€139 | +3.7% |
| Gross operating margin | 9900 | €689,429 | €783,937 | +€94,508 | +13.7% |
| Operating profit (loss) | 9901 | €279,939 | €306,576 | +€26,637 | +9.5% |
| Financial income | 75/76B | €6,764 | €9,476 | +€2,711 | +40.1% |
| Recurring financial income | 75 | €6,764 | €9,476 | +€2,711 | +40.1% |
| Financial charges | 65/66B | €6,005 | €3,540 | -€2,465 | -41.0% |
| Recurring financial charges | 65 | €6,005 | €3,540 | -€2,465 | -41.0% |
| Profit (loss) for the period before taxes | 9903 | €280,698 | €312,511 | +€31,814 | +11.3% |
| Transfer from deferred taxes | 780 | €2,776 | €2,776 | = | 0.0% |
| Income taxes | 67/77 | €93,612 | €102,389 | +€8,777 | +9.4% |
| Profit (loss) for the period | 9904 | €189,862 | €212,898 | +€23,037 | +12.1% |
| Transfer from tax-exempt reserves | 789 | €11,104 | €11,104 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €200,965 | €224,002 | +€23,037 | +11.5% |
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.