FISCLAW: 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.
FISCLAW
Largest movements
- Tangible fixed assets -€25,527
down €25,527 (-54.9%), from €46,508 to €20,982
of which Land and buildings: -€19,012
- Receivables within one year +€20,693
up €20,693 (+68.6%), from €30,156 to €50,849
of which Trade receivables: +€19,814
- Cash +€17,984
up €17,984 (+10.1%), from €178,310 to €196,293
mainly Depreciation (+€25,527) and Net result for the year (+€24,572)
- Reserves +€22,000
up €22,000 (+19.3%), from €114,038 to €136,038
of which Distributable reserves: +€22,000
- Debts after one year -€15,323
down €15,323 (-13.3%), from €115,433 to €100,111
- Tax, wage and social debts +€13,496
up €13,496 (+140.4%), from €9,611 to €23,107
- Other debts -€10,774
down €10,774 (-16.4%), from €65,759 to €54,984
- Write-downs -€19,162
down €19,162, from €9,971 to -€9,191
- Gross operating margin +€16,234
up €16,234 (+34.5%), from €47,006 to €63,241
- Taxes +€12,383
up €12,383 (+786.7%), from €1,574 to €13,957
- Depreciation -€1,810
down €1,810 (-6.6%), from €27,336 to €25,527
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 | €328,482 | €342,425 | +€13,944 | +4.2% |
| Fixed assets | 21/28 | €46,508 | €20,982 | -€25,527 | -54.9% |
| Tangible fixed assets | 22/27 | €46,508 | €20,982 | -€25,527 | -54.9% |
| Land and buildings | 22 | €36,526 | €17,514 | -€19,012 | -52.1% |
| Furniture and vehicles | 24 | €9,982 | €3,468 | -€6,514 | -65.3% |
| Current assets | 29/58 | €281,973 | €321,444 | +€39,470 | +14.0% |
| Amounts receivable within one year | 40/41 | €30,156 | €50,849 | +€20,693 | +68.6% |
| Trade receivables | 40 | €25,001 | €44,814 | +€19,814 | +79.3% |
| Other amounts receivable | 41 | €5,155 | €6,035 | +€880 | +17.1% |
| Current investments | 50/53 | €71,984 | €72,429 | +€445 | +0.6% |
| Cash at bank and in hand | 54/58 | €178,310 | €196,293 | +€17,984 | +10.1% |
| Deferred charges and accrued income | 490/1 | €1,524 | €1,872 | +€348 | +22.8% |
| Total equity and liabilities | 10/49 | €328,482 | €342,425 | +€13,944 | +4.2% |
| Equity | 10/15 | €121,450 | €146,022 | +€24,572 | +20.2% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Outside capital | 11 | €6,200 | €6,200 | = | 0.0% |
| Share premium | 1100/10 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €114,038 | €136,038 | +€22,000 | +19.3% |
| Tax-exempt reserves | 132 | €10,000 | €10,000 | = | 0.0% |
| Distributable reserves | 133 | €104,038 | €126,038 | +€22,000 | +21.1% |
| Profit (loss) carried forward | 14 | €1,211 | €3,784 | +€2,572 | +212.3% |
| Amounts payable | 17/49 | €207,032 | €196,403 | -€10,629 | -5.1% |
| Amounts payable after more than one year | 17 | €115,433 | €100,111 | -€15,323 | -13.3% |
| Financial debts | 170/4 | €115,433 | €100,111 | -€15,323 | -13.3% |
| Amounts payable within one year | 42/48 | €91,599 | €95,826 | +€4,227 | +4.6% |
| Current portion of amounts payable after more than one year | 42 | €14,621 | €15,323 | +€702 | +4.8% |
| Trade debts | 44 | €1,608 | €2,412 | +€803 | +49.9% |
| Suppliers | 440/4 | €1,608 | €2,412 | +€803 | +49.9% |
| Taxes, remuneration and social security | 45 | €9,611 | €23,107 | +€13,496 | +140.4% |
| Taxes | 450/3 | €9,611 | €23,107 | +€13,496 | +140.4% |
| Other amounts payable | 47/48 | €65,759 | €54,984 | -€10,774 | -16.4% |
| Accrued charges and deferred income | 492/3 | - | €467 | +€467 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €27,336 | €25,527 | -€1,810 | -6.6% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €9,971 | -€9,191 | -€19,162 | |
| Other operating charges | 640/8 | €3,103 | €2,479 | -€624 | -20.1% |
| Gross operating margin | 9900 | €47,006 | €63,241 | +€16,234 | +34.5% |
| Operating profit (loss) | 9901 | €6,596 | €44,426 | +€37,830 | +573.5% |
| Financial income | 75/76B | €765 | €636 | -€128 | -16.8% |
| Recurring financial income | 75 | €765 | €636 | -€128 | -16.8% |
| Financial charges | 65/66B | €7,081 | €6,533 | -€548 | -7.7% |
| Recurring financial charges | 65 | €7,081 | €6,533 | -€548 | -7.7% |
| Profit (loss) for the period before taxes | 9903 | €279 | €38,529 | +€38,250 | +13685.5% |
| Income taxes | 67/77 | €1,574 | €13,957 | +€12,383 | +786.7% |
| Profit (loss) for the period | 9904 | -€1,295 | €24,572 | +€25,867 | |
| Profit (loss) for the period to be appropriated | 9905 | -€1,295 | €24,572 | +€25,867 |
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 8 October 2026 via checked.be.