FISCALYS: 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.
FISCALYS
Largest movements
- Receivables after one year -€125,000
no longer reported in 2025 (was €125,000)
- Receivables within one year +€56,386
up €56,386 (+23.9%), from €235,798 to €292,185
of which Trade receivables: +€56,173
- Cash -€26,180
down €26,180 (-26.0%), from €100,744 to €74,564
mainly Other debts (-€234,581) and Receivables within one year (-€56,386)
- Tangible fixed assets -€4,855
down €4,855 (-69.5%), from €6,989 to €2,135
- Other debts -€234,581
down €234,581 (-81.0%), from €289,581 to €55,000
- Debts after one year +€94,862
new in 2025: €94,862
- Profit (loss) carried forward +€33,633
new in 2025: €33,633
- Trade debts +€4,854
up €4,854 (+4.2%), from €115,171 to €120,026
- Staff costs +€32,824
up €32,824 (+24.9%), from €132,038 to €164,862
- Taxes -€10,970
down €10,970 (-23.7%), from €46,335 to €35,365
- Gross operating margin -€8,862
down €8,862 (-2.9%), from €308,091 to €299,229
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 | €474,733 | €374,654 | -€100,079 | -21.1% |
| Fixed assets | 21/28 | €6,989 | €2,135 | -€4,855 | -69.5% |
| Tangible fixed assets | 22/27 | €6,989 | €2,135 | -€4,855 | -69.5% |
| Furniture and vehicles | 24 | €6,989 | €2,135 | -€4,855 | -69.5% |
| Current assets | 29/58 | €467,744 | €372,519 | -€95,225 | -20.4% |
| Amounts receivable after more than one year | 29 | €125,000 | - | -€125,000 | |
| Other amounts receivable | 291 | €125,000 | - | -€125,000 | |
| Amounts receivable within one year | 40/41 | €235,798 | €292,185 | +€56,386 | +23.9% |
| Trade receivables | 40 | €235,798 | €291,971 | +€56,173 | +23.8% |
| Other amounts receivable | 41 | - | €214 | +€214 | |
| Cash at bank and in hand | 54/58 | €100,744 | €74,564 | -€26,180 | -26.0% |
| Deferred charges and accrued income | 490/1 | €6,202 | €5,771 | -€431 | -6.9% |
| Total equity and liabilities | 10/49 | €474,733 | €374,654 | -€100,079 | -21.1% |
| Equity | 10/15 | €30,000 | €63,633 | +€33,633 | +112.1% |
| Contributions | 10/11 | €30,000 | €30,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | - | €33,633 | +€33,633 | |
| Amounts payable | 17/49 | €444,733 | €311,021 | -€133,712 | -30.1% |
| Amounts payable after more than one year | 17 | - | €94,862 | +€94,862 | |
| Other amounts payable | 178/9 | - | €94,862 | +€94,862 | |
| Amounts payable within one year | 42/48 | €443,847 | €214,873 | -€228,973 | -51.6% |
| Trade debts | 44 | €115,171 | €120,026 | +€4,854 | +4.2% |
| Suppliers | 440/4 | €115,171 | €120,026 | +€4,854 | +4.2% |
| Taxes, remuneration and social security | 45 | €39,094 | €39,847 | +€753 | +1.9% |
| Taxes | 450/3 | €28,531 | €24,737 | -€3,794 | -13.3% |
| Remuneration and social security | 454/9 | €10,563 | €15,111 | +€4,547 | +43.0% |
| Other amounts payable | 47/48 | €289,581 | €55,000 | -€234,581 | -81.0% |
| Accrued charges and deferred income | 492/3 | €887 | €1,286 | +€399 | +45.0% |
| Remuneration, social security and pensions | 62 | €132,038 | €164,862 | +€32,824 | +24.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,110 | €4,855 | -€255 | -5.0% |
| Other operating charges | 640/8 | €1,073 | €1,108 | +€35 | +3.2% |
| Gross operating margin | 9900 | €308,091 | €299,229 | -€8,862 | -2.9% |
| Operating profit (loss) | 9901 | €169,870 | €128,405 | -€41,465 | -24.4% |
| Financial income | 75/76B | €0 | €0 | +€0 | +152.6% |
| Recurring financial income | 75 | €0 | €0 | +€0 | +152.6% |
| Financial charges | 65/66B | €3,171 | €4,407 | +€1,236 | +39.0% |
| Recurring financial charges | 65 | €3,171 | €4,407 | +€1,236 | +39.0% |
| Profit (loss) for the period before taxes | 9903 | €166,699 | €123,998 | -€42,701 | -25.6% |
| Income taxes | 67/77 | €46,335 | €35,365 | -€10,970 | -23.7% |
| Profit (loss) for the period | 9904 | €120,364 | €88,633 | -€31,731 | -26.4% |
| Profit (loss) for the period to be appropriated | 9905 | €120,364 | €88,633 | -€31,731 | -26.4% |
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 3 October 2026 via checked.be.