FISCK: 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.
FISCK
Largest movements
- Receivables within one year +€16,749
up €16,749 (+35.3%), from €47,397 to €64,146
of which Trade receivables: +€15,440
- Cash +€12,578
up €12,578 (+16.5%), from €76,052 to €88,630
mainly Net result for the year (+€32,612) and Depreciation (+€16,313)
- Tangible fixed assets -€8,203
down €8,203 (-30.3%), from €27,108 to €18,905
of which Furniture and vehicles: -€7,936
- Intangible fixed assets -€7,143
down €7,143 (-36.2%), from €19,711 to €12,568
- Deferred charges and accrued income +€1,993
up €1,993 (+60.2%), from €3,309 to €5,302
- Profit (loss) carried forward +€32,612
new in 2025: €32,612
- Debts after one year -€14,225
down €14,225 (-57.0%), from €24,950 to €10,725
- Other debts -€2,939
down €2,939 (-14.9%), from €19,766 to €16,827
- Gross operating margin +€8,890
up €8,890 (+5.3%), from €167,101 to €175,991
- Other operating charges -€5,673
down €5,673 (-82.0%), from €6,917 to €1,244
- Taxes +€3,461
up €3,461 (+36.6%), from €9,448 to €12,909
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 | €173,577 | €189,551 | +€15,974 | +9.2% |
| Fixed assets | 21/28 | €46,819 | €31,473 | -€15,346 | -32.8% |
| Intangible fixed assets | 21 | €19,711 | €12,568 | -€7,143 | -36.2% |
| Tangible fixed assets | 22/27 | €27,108 | €18,905 | -€8,203 | -30.3% |
| Land and buildings | 22 | €1,724 | €1,457 | -€267 | -15.5% |
| Furniture and vehicles | 24 | €25,384 | €17,448 | -€7,936 | -31.3% |
| Current assets | 29/58 | €126,758 | €158,078 | +€31,320 | +24.7% |
| Amounts receivable within one year | 40/41 | €47,397 | €64,146 | +€16,749 | +35.3% |
| Trade receivables | 40 | €46,580 | €62,020 | +€15,440 | +33.1% |
| Other amounts receivable | 41 | €817 | €2,126 | +€1,309 | +160.2% |
| Cash at bank and in hand | 54/58 | €76,052 | €88,630 | +€12,578 | +16.5% |
| Deferred charges and accrued income | 490/1 | €3,309 | €5,302 | +€1,993 | +60.2% |
| Total equity and liabilities | 10/49 | €173,577 | €189,551 | +€15,974 | +9.2% |
| Equity | 10/15 | €70,650 | €103,262 | +€32,612 | +46.2% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €65,650 | €65,650 | = | 0.0% |
| Distributable reserves | 133 | €65,650 | €65,650 | = | 0.0% |
| Profit (loss) carried forward | 14 | - | €32,612 | +€32,612 | |
| Amounts payable | 17/49 | €102,927 | €86,289 | -€16,638 | -16.2% |
| Amounts payable after more than one year | 17 | €24,950 | €10,725 | -€14,225 | -57.0% |
| Financial debts | 170/4 | €24,950 | €10,725 | -€14,225 | -57.0% |
| Amounts payable within one year | 42/48 | €77,977 | €75,564 | -€2,413 | -3.1% |
| Current portion of amounts payable after more than one year | 42 | €15,185 | €14,225 | -€960 | -6.3% |
| Trade debts | 44 | €10,477 | €11,767 | +€1,290 | +12.3% |
| Suppliers | 440/4 | €10,477 | €11,767 | +€1,290 | +12.3% |
| Taxes, remuneration and social security | 45 | €32,549 | €32,745 | +€196 | +0.6% |
| Taxes | 450/3 | €32,549 | €17,111 | -€15,438 | -47.4% |
| Remuneration and social security | 454/9 | - | €15,634 | +€15,634 | |
| Other amounts payable | 47/48 | €19,766 | €16,827 | -€2,939 | -14.9% |
| Remuneration, social security and pensions | 62 | €111,871 | €112,283 | +€412 | +0.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €17,158 | €16,313 | -€845 | -4.9% |
| Other operating charges | 640/8 | €6,917 | €1,244 | -€5,673 | -82.0% |
| Gross operating margin | 9900 | €167,101 | €175,991 | +€8,890 | +5.3% |
| Operating profit (loss) | 9901 | €31,155 | €46,151 | +€14,996 | +48.1% |
| Financial income | 75/76B | €64 | €126 | +€62 | +96.9% |
| Recurring financial income | 75 | €64 | €126 | +€62 | +96.9% |
| Financial charges | 65/66B | €1,117 | €756 | -€361 | -32.3% |
| Recurring financial charges | 65 | €1,117 | €756 | -€361 | -32.3% |
| Profit (loss) for the period before taxes | 9903 | €30,102 | €45,521 | +€15,419 | +51.2% |
| Income taxes | 67/77 | €9,448 | €12,909 | +€3,461 | +36.6% |
| Profit (loss) for the period | 9904 | €20,654 | €32,612 | +€11,958 | +57.9% |
| Profit (loss) for the period to be appropriated | 9905 | €20,654 | €32,612 | +€11,958 | +57.9% |
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.