FISCALY: 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.
FISCALY
Largest movements
- Tangible fixed assets +€69,873
up €69,873 (+59.0%), from €118,412 to €188,285
of which Land and buildings: +€131,753
- Cash -€4,493
down €4,493 (-46.3%), from €9,706 to €5,212
mainly Investment in fixed assets (net) (-€74,543) and Contributions, distributions and other (-€10,000)
- Debts after one year +€50,159
up €50,159 (+51.3%), from €97,732 to €147,891
- Profit (loss) carried forward +€9,316
up €9,316 (+66.0%), from €14,125 to €23,441
- Tax, wage and social debts -€5,470
down €5,470 (-85.7%), from €6,385 to €915
- Other debts +€4,661
up €4,661 (+32.4%), from €14,364 to €19,024
- Current portion of long-term debt +€3,827
up €3,827 (+167.0%), from €2,292 to €6,119
- Gross operating margin +€13,056
up €13,056 (+57.0%), from €22,924 to €35,980
- Financial charges +€1,828
up €1,828 (+59.7%), from €3,061 to €4,888
- Taxes +€1,600
up €1,600 (+32.3%), from €4,957 to €6,557
- Depreciation +€1,309
up €1,309 (+39.0%), from €3,360 to €4,669
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 | €138,785 | €204,656 | +€65,871 | +47.5% |
| Fixed assets | 21/28 | €118,551 | €188,425 | +€69,873 | +58.9% |
| Tangible fixed assets | 22/27 | €118,412 | €188,285 | +€69,873 | +59.0% |
| Land and buildings | 22 | €51,250 | €183,003 | +€131,753 | +257.1% |
| Furniture and vehicles | 24 | €1,154 | €5,283 | +€4,128 | +357.7% |
| Assets under construction and advance payments | 27 | €66,008 | - | -€66,008 | |
| Financial fixed assets | 28 | €139 | €139 | = | 0.0% |
| Current assets | 29/58 | €20,233 | €16,231 | -€4,002 | -19.8% |
| Amounts receivable within one year | 40/41 | €10,475 | €10,153 | -€322 | -3.1% |
| Trade receivables | 40 | €9,925 | €8,909 | -€1,017 | -10.2% |
| Other amounts receivable | 41 | €550 | €1,244 | +€695 | +126.4% |
| Cash at bank and in hand | 54/58 | €9,706 | €5,212 | -€4,493 | -46.3% |
| Deferred charges and accrued income | 490/1 | €53 | €866 | +€813 | +1534.2% |
| Total equity and liabilities | 10/49 | €138,785 | €204,656 | +€65,871 | +47.5% |
| Equity | 10/15 | €16,125 | €25,441 | +€9,316 | +57.8% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €14,125 | €23,441 | +€9,316 | +66.0% |
| Amounts payable | 17/49 | €122,660 | €179,215 | +€56,555 | +46.1% |
| Amounts payable after more than one year | 17 | €97,732 | €147,891 | +€50,159 | +51.3% |
| Financial debts | 170/4 | €97,732 | €147,891 | +€50,159 | +51.3% |
| Amounts payable within one year | 42/48 | €24,929 | €31,325 | +€6,396 | +25.7% |
| Current portion of amounts payable after more than one year | 42 | €2,292 | €6,119 | +€3,827 | +167.0% |
| Financial debts | 43 | €980 | €1,770 | +€790 | +80.6% |
| Credit institutions | 430/8 | €980 | €1,770 | +€790 | +80.6% |
| Trade debts | 44 | €908 | €3,496 | +€2,588 | +285.2% |
| Suppliers | 440/4 | €908 | €3,496 | +€2,588 | +285.2% |
| Taxes, remuneration and social security | 45 | €6,385 | €915 | -€5,470 | -85.7% |
| Taxes | 450/3 | €6,385 | €915 | -€5,470 | -85.7% |
| Other amounts payable | 47/48 | €14,364 | €19,024 | +€4,661 | +32.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,360 | €4,669 | +€1,309 | +39.0% |
| Other operating charges | 640/8 | €533 | €566 | +€32 | +6.0% |
| Gross operating margin | 9900 | €22,924 | €35,980 | +€13,056 | +57.0% |
| Operating profit (loss) | 9901 | €19,031 | €30,745 | +€11,714 | +61.6% |
| Financial income | 75/76B | €22 | €16 | -€6 | -28.6% |
| Recurring financial income | 75 | €22 | €16 | -€6 | -28.6% |
| Financial charges | 65/66B | €3,061 | €4,888 | +€1,828 | +59.7% |
| Recurring financial charges | 65 | €3,061 | €4,888 | +€1,828 | +59.7% |
| Profit (loss) for the period before taxes | 9903 | €15,993 | €25,873 | +€9,880 | +61.8% |
| Income taxes | 67/77 | €4,957 | €6,557 | +€1,600 | +32.3% |
| Profit (loss) for the period | 9904 | €11,036 | €19,316 | +€8,280 | +75.0% |
| Profit (loss) for the period to be appropriated | 9905 | €11,036 | €19,316 | +€8,280 | +75.0% |
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 1 October 2026 via checked.be.