FISCALUX: what changed
FISCALUX
Largest movements
- Tangible fixed assets +€45,336
up €45,336 (+18.8%), from €241,223 to €286,559
of which Furniture and vehicles: +€41,789
- Cash +€17,679
up €17,679 (+35.6%), from €49,630 to €67,309
mainly Net result for the year (+€102,667) and Depreciation (+€29,557)
- Receivables within one year -€6,400
down €6,400 (-17.6%), from €36,275 to €29,875
of which Trade receivables: -€4,550
- Receivables after one year -€5,200
no longer reported in 2025 (was €5,200)
- Other debts +€20,146
up €20,146 (+23.5%), from €85,810 to €105,956
- Debts after one year +€16,571
up €16,571 (+8.4%), from €197,472 to €214,043
- Current portion of long-term debt +€8,217
up €8,217 (+43.5%), from €18,890 to €27,107
- Tax, wage and social debts +€5,562
up €5,562 (+71.4%), from €7,786 to €13,348
of which Taxes: +€7,062
- Gross operating margin +€58,720
up €58,720 (+49.5%), from €118,529 to €177,249
- Depreciation +€14,902
up €14,902 (+102%), from €14,655 to €29,557
- Taxes +€13,165
up €13,165 (+59.8%), from €22,010 to €35,176
- Financial charges +€3,033
up €3,033 (+54.9%), from €5,526 to €8,560
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €380,716 | €430,126 | +€49,411 | +13.0% |
| Fixed assets | 21/28 | €242,191 | €287,527 | +€45,336 | +18.7% |
| Tangible fixed assets | 22/27 | €241,223 | €286,559 | +€45,336 | +18.8% |
| Land and buildings | 22 | €223,641 | €227,200 | +€3,559 | +1.6% |
| Plant, machinery and equipment | 23 | €2,282 | €2,270 | -€12 | -0.5% |
| Furniture and vehicles | 24 | €15,300 | €57,089 | +€41,789 | +273% |
| Financial fixed assets | 28 | €968 | €968 | = | 0.0% |
| Current assets | 29/58 | €138,524 | €142,599 | +€4,075 | +2.9% |
| Amounts receivable after more than one year | 29 | €5,200 | - | -€5,200 | |
| Other amounts receivable | 291 | €5,200 | - | -€5,200 | |
| Amounts receivable within one year | 40/41 | €36,275 | €29,875 | -€6,400 | -17.6% |
| Trade receivables | 40 | €28,750 | €24,200 | -€4,550 | -15.8% |
| Other amounts receivable | 41 | €7,525 | €5,675 | -€1,850 | -24.6% |
| Cash at bank and in hand | 54/58 | €49,630 | €67,309 | +€17,679 | +35.6% |
| Deferred charges and accrued income | 490/1 | €47,419 | €45,415 | -€2,004 | -4.2% |
| Total equity and liabilities | 10/49 | €380,716 | €430,126 | +€49,411 | +13.0% |
| Equity | 10/15 | €68,989 | €68,853 | -€137 | -0.2% |
| Contributions | 10/11 | €1,600 | €1,600 | = | 0.0% |
| Reserves | 13 | €66,000 | €66,000 | = | 0.0% |
| Distributable reserves | 133 | €66,000 | €66,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €586 | €1,253 | +€667 | +114% |
| Investment grants | 15 | €803 | - | -€803 | |
| Amounts payable | 17/49 | €311,726 | €361,273 | +€49,547 | +15.9% |
| Amounts payable after more than one year | 17 | €197,472 | €214,043 | +€16,571 | +8.4% |
| Financial debts | 170/4 | €197,472 | €214,043 | +€16,571 | +8.4% |
| Amounts payable within one year | 42/48 | €114,254 | €147,230 | +€32,976 | +28.9% |
| Current portion of amounts payable after more than one year | 42 | €18,890 | €27,107 | +€8,217 | +43.5% |
| Trade debts | 44 | €1,768 | €819 | -€949 | -53.7% |
| Suppliers | 440/4 | €1,768 | €819 | -€949 | -53.7% |
| Taxes, remuneration and social security | 45 | €7,786 | €13,348 | +€5,562 | +71.4% |
| Taxes | 450/3 | €6,286 | €13,348 | +€7,062 | +112% |
| Remuneration and social security | 454/9 | €1,500 | - | -€1,500 | |
| Other amounts payable | 47/48 | €85,810 | €105,956 | +€20,146 | +23.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,655 | €29,557 | +€14,902 | +102% |
| Other operating charges | 640/8 | €979 | €2,222 | +€1,243 | +127% |
| Gross operating margin | 9900 | €118,529 | €177,249 | +€58,720 | +49.5% |
| Operating profit (loss) | 9901 | €102,895 | €145,470 | +€42,575 | +41.4% |
| Financial income | 75/76B | €1,086 | €932 | -€154 | -14.2% |
| Recurring financial income | 75 | €1,086 | €932 | -€154 | -14.2% |
| Financial charges | 65/66B | €5,526 | €8,560 | +€3,033 | +54.9% |
| Recurring financial charges | 65 | €5,526 | €8,560 | +€3,033 | +54.9% |
| Profit (loss) for the period before taxes | 9903 | €98,455 | €137,842 | +€39,388 | +40.0% |
| Income taxes | 67/77 | €22,010 | €35,176 | +€13,165 | +59.8% |
| Profit (loss) for the period | 9904 | €76,444 | €102,667 | +€26,222 | +34.3% |
| Profit (loss) for the period to be appropriated | 9905 | €76,444 | €102,667 | +€26,222 | +34.3% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 6 November 2026 via checked.be.