FISCALO: 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.
FISCALO
Largest movements
- Receivables within one year +€23,614
up €23,614 (+111.2%), from €21,235 to €44,848
of which Trade receivables: +€23,683
- Financial fixed assets -€22,291
down €22,291 (-22.6%), from €98,422 to €76,131
- Advances received -€37,675
down €37,675 (-75.1%), from €50,175 to €12,500
- Profit (loss) carried forward +€34,432
up €34,432 (+79.5%), from €43,315 to €77,747
- Tax, wage and social debts +€4,955
up €4,955 (+33.6%), from €14,736 to €19,692
of which Taxes: +€4,955
- Current portion of long-term debt +€1,500
up €1,500 (+15.0%), from €10,000 to €11,500
- Gross operating margin +€13,378
up €13,378 (+18.4%), from €72,752 to €86,130
- Other operating charges -€2,427
down €2,427 (-65.4%), from €3,712 to €1,285
- Staff costs +€2,072
up €2,072 (+5.6%), from €36,759 to €38,831
- Taxes +€1,810
up €1,810 (+20.5%), from €8,852 to €10,662
- Financial charges +€1,723
up €1,723 (+381.6%), from €451 to €2,174
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 | €122,953 | €125,597 | +€2,644 | +2.2% |
| Fixed assets | 21/28 | €101,700 | €79,816 | -€21,883 | -21.5% |
| Tangible fixed assets | 22/27 | €3,278 | €3,686 | +€408 | +12.5% |
| Plant, machinery and equipment | 23 | €2,420 | €2,144 | -€276 | -11.4% |
| Furniture and vehicles | 24 | €858 | €1,542 | +€685 | +79.8% |
| Financial fixed assets | 28 | €98,422 | €76,131 | -€22,291 | -22.6% |
| Current assets | 29/58 | €21,254 | €45,781 | +€24,527 | +115.4% |
| Amounts receivable within one year | 40/41 | €21,235 | €44,848 | +€23,614 | +111.2% |
| Trade receivables | 40 | €20,017 | €43,700 | +€23,683 | +118.3% |
| Other amounts receivable | 41 | €1,217 | €1,148 | -€69 | -5.7% |
| Cash at bank and in hand | 54/58 | €19 | €59 | +€40 | +210.4% |
| Deferred charges and accrued income | 490/1 | - | €873 | +€873 | |
| Total equity and liabilities | 10/49 | €122,953 | €125,597 | +€2,644 | +2.2% |
| Equity | 10/15 | €44,915 | €79,347 | +€34,432 | +76.7% |
| Contributions | 10/11 | €1,600 | €1,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | €43,315 | €77,747 | +€34,432 | +79.5% |
| Amounts payable | 17/49 | €78,038 | €46,250 | -€31,788 | -40.7% |
| Amounts payable within one year | 42/48 | €78,038 | €46,250 | -€31,788 | -40.7% |
| Current portion of amounts payable after more than one year | 42 | €10,000 | €11,500 | +€1,500 | +15.0% |
| Trade debts | 44 | €2,355 | €2,489 | +€135 | +5.7% |
| Suppliers | 440/4 | €2,355 | €2,489 | +€135 | +5.7% |
| Advances received on contracts in progress | 46 | €50,175 | €12,500 | -€37,675 | -75.1% |
| Taxes, remuneration and social security | 45 | €14,736 | €19,692 | +€4,955 | +33.6% |
| Taxes | 450/3 | €14,736 | €19,692 | +€4,955 | +33.6% |
| Remuneration and social security | 454/9 | €0 | - | = | |
| Other amounts payable | 47/48 | €772 | €69 | -€703 | -91.1% |
| Remuneration, social security and pensions | 62 | €36,759 | €38,831 | +€2,072 | +5.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €522 | €678 | +€157 | +30.0% |
| Other operating charges | 640/8 | €3,712 | €1,285 | -€2,427 | -65.4% |
| Gross operating margin | 9900 | €72,752 | €86,130 | +€13,378 | +18.4% |
| Operating profit (loss) | 9901 | €31,760 | €45,336 | +€13,576 | +42.7% |
| Financial income | 75/76B | €2,227 | €1,932 | -€295 | -13.3% |
| Recurring financial income | 75 | €2,227 | €1,932 | -€295 | -13.3% |
| Financial charges | 65/66B | €451 | €2,174 | +€1,723 | +381.6% |
| Recurring financial charges | 65 | €451 | €2,174 | +€1,723 | +381.6% |
| Profit (loss) for the period before taxes | 9903 | €33,536 | €45,094 | +€11,558 | +34.5% |
| Income taxes | 67/77 | €8,852 | €10,662 | +€1,810 | +20.5% |
| Profit (loss) for the period | 9904 | €24,684 | €34,432 | +€9,748 | +39.5% |
| Profit (loss) for the period to be appropriated | 9905 | €24,684 | €34,432 | +€9,748 | +39.5% |
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.