FISCAMAR: 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.
FISCAMAR
Largest movements
- Tangible fixed assets +€13,392
up €13,392 (+41.3%), from €32,428 to €45,820
of which Furniture and vehicles: +€14,134
- Receivables within one year -€2,188
down €2,188 (-52.5%), from €4,170 to €1,982
of which Trade receivables: -€2,234
- Deferred charges and accrued income -€824
down €824 (-96.8%), from €851 to €27
- Debts after one year +€31,179
up €31,179 (+46.2%), from €67,500 to €98,679
of which Other amounts payable: +€29,679
- Profit (loss) carried forward -€21,897
down €21,897 (-34.7%), from -€63,052 to -€84,948
- Short-term financial debts +€1,468
up €1,468 (+15.9%), from €9,212 to €10,680
- Trade debts -€674
down €674 (-65.4%), from €1,030 to €356
- Accrued charges and deferred income +€509
new in 2026: €509
- Financial income -€29,292
down €29,292 (-100.0%), from €29,293 to €0
of which Non-recurring financial income: -€29,007
- Depreciation -€5,528
down €5,528 (-68.2%), from €8,104 to €2,576
- Gross operating margin -€4,861
down €4,861, from €2,650 to -€2,211
- Financial charges +€4,616
up €4,616 (+42.7%), from €10,822 to €15,438
of which Non-recurring financial charges: +€7,063
- Taxes -€127
down €127 (-47.6%), from €267 to €140
From the 2025 result to the 2026 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 2025 and 2026 balance sheets and the 2026 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €38,811 | €49,067 | +€10,256 | +26.4% |
| Fixed assets | 21/28 | €32,428 | €45,820 | +€13,392 | +41.3% |
| Tangible fixed assets | 22/27 | €32,428 | €45,820 | +€13,392 | +41.3% |
| Plant, machinery and equipment | 23 | €2,320 | €1,578 | -€742 | -32.0% |
| Furniture and vehicles | 24 | €30,107 | €44,242 | +€14,134 | +46.9% |
| Current assets | 29/58 | €6,383 | €3,247 | -€3,136 | -49.1% |
| Amounts receivable within one year | 40/41 | €4,170 | €1,982 | -€2,188 | -52.5% |
| Trade receivables | 40 | €4,170 | €1,936 | -€2,234 | -53.6% |
| Other amounts receivable | 41 | - | €46 | +€46 | |
| Cash at bank and in hand | 54/58 | €1,362 | €1,238 | -€124 | -9.1% |
| Deferred charges and accrued income | 490/1 | €851 | €27 | -€824 | -96.8% |
| Total equity and liabilities | 10/49 | €38,811 | €49,067 | +€10,256 | +26.4% |
| Equity | 10/15 | -€42,600 | -€64,497 | -€21,897 | -51.4% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €1,859 | €1,859 | = | 0.0% |
| Distributable reserves | 133 | €1,859 | €1,859 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€63,052 | -€84,948 | -€21,897 | -34.7% |
| Amounts payable | 17/49 | €81,411 | €113,564 | +€32,153 | +39.5% |
| Amounts payable after more than one year | 17 | €67,500 | €98,679 | +€31,179 | +46.2% |
| Financial debts | 170/4 | €41,500 | €43,000 | +€1,500 | +3.6% |
| Other amounts payable | 178/9 | €26,000 | €55,679 | +€29,679 | +114.1% |
| Amounts payable within one year | 42/48 | €13,911 | €14,376 | +€465 | +3.3% |
| Current portion of amounts payable after more than one year | 42 | €3,215 | €3,199 | -€16 | -0.5% |
| Financial debts | 43 | €9,212 | €10,680 | +€1,468 | +15.9% |
| Credit institutions | 430/8 | €9,212 | €10,680 | +€1,468 | +15.9% |
| Trade debts | 44 | €1,030 | €356 | -€674 | -65.4% |
| Suppliers | 440/4 | €1,030 | €356 | -€674 | -65.4% |
| Taxes, remuneration and social security | 45 | €453 | €141 | -€312 | -68.9% |
| Taxes | 450/3 | €453 | €141 | -€312 | -68.9% |
| Accrued charges and deferred income | 492/3 | - | €509 | +€509 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,104 | €2,576 | -€5,528 | -68.2% |
| Other operating charges | 640/8 | €1,467 | €1,531 | +€64 | +4.4% |
| Gross operating margin | 9900 | €2,650 | -€2,211 | -€4,861 | |
| Operating profit (loss) | 9901 | -€6,922 | -€6,319 | +€603 | +8.7% |
| Financial income | 75/76B | €29,293 | €0 | -€29,292 | -100.0% |
| Recurring financial income | 75 | €286 | €0 | -€285 | -99.9% |
| Non-recurring financial income | 76B | €29,007 | - | -€29,007 | |
| Financial charges | 65/66B | €10,822 | €15,438 | +€4,616 | +42.7% |
| Recurring financial charges | 65 | €10,822 | €8,375 | -€2,447 | -22.6% |
| Non-recurring financial charges | 66B | - | €7,063 | +€7,063 | |
| Profit (loss) for the period before taxes | 9903 | €11,548 | -€21,757 | -€33,305 | |
| Income taxes | 67/77 | €267 | €140 | -€127 | -47.6% |
| Profit (loss) for the period | 9904 | €11,281 | -€21,897 | -€33,178 | |
| Profit (loss) for the period to be appropriated | 9905 | €11,281 | -€21,897 | -€33,178 |
Source: filed annual accounts (NBB), fiscal years ended 31 March 2025 and 31 March 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 3 October 2026 via checked.be.