FISCAM: 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.
FISCAM
Largest movements
- Current investments +€200,000
up €200,000 (+22.2%), from €900,000 to €1.1m
- Cash -€65,794
down €65,794 (-35.4%), from €185,878 to €120,084
mainly Current investments (-€200,000) and Receivables within one year (-€16,726)
- Receivables within one year +€16,726
up €16,726 (+7.4%), from €225,533 to €242,259
of which Other amounts receivable: +€9,890
- Reserves +€138,000
up €138,000 (+15.0%), from €918,500 to €1.1m
- Financial income +€26,710
up €26,710 (+414.4%), from €6,446 to €33,157
of which Financial income: +€26,721
- Taxes +€10,467
up €10,467 (+18.9%), from €55,471 to €65,938
- Depreciation -€8,299
down €8,299 (-74.7%), from €11,110 to €2,811
- Write-downs -€2,983
down €2,983 (-808.1%), from -€369 to -€3,352
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 | €1,349,893 | €1,499,540 | +€149,647 | +11.1% |
| Fixed assets | 21/28 | €36,414 | €33,603 | -€2,811 | -7.7% |
| Tangible fixed assets | 22/27 | €36,414 | €33,603 | -€2,811 | -7.7% |
| Land and buildings | 22 | €36,414 | €33,603 | -€2,811 | -7.7% |
| Current assets | 29/58 | €1,313,479 | €1,465,937 | +€152,458 | +11.6% |
| Amounts receivable within one year | 40/41 | €225,533 | €242,259 | +€16,726 | +7.4% |
| Trade receivables | 40 | €173,550 | €180,386 | +€6,836 | +3.9% |
| Other amounts receivable | 41 | €51,983 | €61,873 | +€9,890 | +19.0% |
| Current investments | 50/53 | €900,000 | €1,100,000 | +€200,000 | +22.2% |
| Cash at bank and in hand | 54/58 | €185,878 | €120,084 | -€65,794 | -35.4% |
| Deferred charges and accrued income | 490/1 | €2,068 | €3,594 | +€1,526 | +73.8% |
| Total equity and liabilities | 10/49 | €1,349,893 | €1,499,540 | +€149,647 | +11.1% |
| Equity | 10/15 | €948,832 | €1,087,230 | +€138,398 | +14.6% |
| Contributions | 10/11 | €18,750 | €18,750 | = | 0.0% |
| Reserves | 13 | €918,500 | €1,056,500 | +€138,000 | +15.0% |
| Distributable reserves | 133 | €918,500 | €1,056,500 | +€138,000 | +15.0% |
| Profit (loss) carried forward | 14 | €11,582 | €11,980 | +€398 | +3.4% |
| Amounts payable | 17/49 | €401,062 | €412,311 | +€11,249 | +2.8% |
| Amounts payable within one year | 42/48 | €401,062 | €412,311 | +€11,249 | +2.8% |
| Trade debts | 44 | €35,126 | €34,543 | -€583 | -1.7% |
| Suppliers | 440/4 | €35,126 | €34,543 | -€583 | -1.7% |
| Taxes, remuneration and social security | 45 | €16,945 | €19,521 | +€2,576 | +15.2% |
| Taxes | 450/3 | €16,945 | €19,521 | +€2,576 | +15.2% |
| Other amounts payable | 47/48 | €348,991 | €358,246 | +€9,255 | +2.7% |
| Non-recurring operating income | 76A | €2,613 | - | -€2,613 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,110 | €2,811 | -€8,299 | -74.7% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€369 | -€3,352 | -€2,983 | -808.1% |
| Other operating charges | 640/8 | €7,896 | €9,485 | +€1,589 | +20.1% |
| Gross operating margin | 9900 | €198,550 | €197,183 | -€1,367 | -0.7% |
| Operating profit (loss) | 9901 | €179,913 | €188,239 | +€8,327 | +4.6% |
| Financial income | 75/76B | €6,446 | €33,157 | +€26,710 | +414.4% |
| Recurring financial income | 75 | €6,436 | €33,157 | +€26,721 | +415.2% |
| Non-recurring financial income | 76B | €11 | - | -€11 | |
| Financial charges | 65/66B | €15,861 | €17,060 | +€1,199 | +7.6% |
| Recurring financial charges | 65 | €15,150 | €17,060 | +€1,910 | +12.6% |
| Non-recurring financial charges | 66B | €711 | €0 | -€711 | -100.0% |
| Profit (loss) for the period before taxes | 9903 | €170,498 | €204,336 | +€33,838 | +19.8% |
| Income taxes | 67/77 | €55,471 | €65,938 | +€10,467 | +18.9% |
| Profit (loss) for the period | 9904 | €115,027 | €138,398 | +€23,371 | +20.3% |
| Profit (loss) for the period to be appropriated | 9905 | €115,027 | €138,398 | +€23,371 | +20.3% |
Source: filed annual accounts (NBB), fiscal years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.