FISCMAN: what changed
Two financial 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.
FISCMAN
Largest movements
- Receivables within one year +€90,691
up €90,691 (+30.6%), from €296,669 to €387,360
of which Other amounts receivable: +€74,779
- Cash -€36,883
down €36,883 (-45.6%), from €80,842 to €43,959
mainly Receivables within one year (-€90,691) and Tax, wage and social debts (-€3,855)
- Tangible fixed assets -€7,478
no longer reported in 2025 (was €7,478)
- Trade debts +€40,149
up €40,149 (+14.3%), from €281,637 to €321,787
- Profit (loss) carried forward +€8,348
up €8,348 (+9.9%), from €84,349 to €92,696
- Gross operating margin -€12,707
down €12,707 (-43.2%), from €29,436 to €16,729
- Depreciation -€3,709
down €3,709 (-33.2%), from €11,187 to €7,478
- Taxes -€2,535
down €2,535 (-37.0%), from €6,855 to €4,321
- Financial income +€1,335
up €1,335 (+45.5%), from €2,933 to €4,268
- Other operating charges -€426
down €426 (-35.0%), from €1,218 to €792
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.
Derived cash bridge
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 | €390,301 | €437,061 | +€46,760 | +12.0% |
| Fixed assets | 21/28 | €12,534 | €5,056 | -€7,478 | -59.7% |
| Tangible fixed assets | 22/27 | €7,478 | - | -€7,478 | |
| Furniture and vehicles | 24 | €7,478 | - | -€7,478 | |
| Financial fixed assets | 28 | €5,056 | €5,056 | = | 0.0% |
| Current assets | 29/58 | €377,767 | €432,005 | +€54,238 | +14.4% |
| Amounts receivable within one year | 40/41 | €296,669 | €387,360 | +€90,691 | +30.6% |
| Trade receivables | 40 | €208,321 | €224,233 | +€15,913 | +7.6% |
| Other amounts receivable | 41 | €88,348 | €163,127 | +€74,779 | +84.6% |
| Cash at bank and in hand | 54/58 | €80,842 | €43,959 | -€36,883 | -45.6% |
| Deferred charges and accrued income | 490/1 | €256 | €686 | +€430 | +168% |
| Total equity and liabilities | 10/49 | €390,301 | €437,061 | +€46,760 | +12.0% |
| Equity | 10/15 | €104,809 | €113,156 | +€8,348 | +8.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €84,349 | €92,696 | +€8,348 | +9.9% |
| Amounts payable | 17/49 | €285,492 | €323,904 | +€38,412 | +13.5% |
| Amounts payable within one year | 42/48 | €285,492 | €323,904 | +€38,412 | +13.5% |
| Trade debts | 44 | €281,637 | €321,787 | +€40,149 | +14.3% |
| Suppliers | 440/4 | €281,637 | €321,787 | +€40,149 | +14.3% |
| Taxes, remuneration and social security | 45 | €3,855 | - | -€3,855 | |
| Taxes | 450/3 | €3,855 | - | -€3,855 | |
| Other amounts payable | 47/48 | - | €2,118 | +€2,118 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,187 | €7,478 | -€3,709 | -33.2% |
| Other operating charges | 640/8 | €1,218 | €792 | -€426 | -35.0% |
| Gross operating margin | 9900 | €29,436 | €16,729 | -€12,707 | -43.2% |
| Operating profit (loss) | 9901 | €17,031 | €8,459 | -€8,572 | -50.3% |
| Financial income | 75/76B | €2,933 | €4,268 | +€1,335 | +45.5% |
| Recurring financial income | 75 | €2,933 | €4,268 | +€1,335 | +45.5% |
| Financial charges | 65/66B | €54 | €58 | +€4 | +8.0% |
| Recurring financial charges | 65 | €54 | €58 | +€4 | +8.0% |
| Profit (loss) for the period before taxes | 9903 | €19,910 | €12,668 | -€7,242 | -36.4% |
| Income taxes | 67/77 | €6,855 | €4,321 | -€2,535 | -37.0% |
| Profit (loss) for the period | 9904 | €13,055 | €8,348 | -€4,707 | -36.1% |
| Profit (loss) for the period to be appropriated | 9905 | €13,055 | €8,348 | -€4,707 | -36.1% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 16 October 2026 via checked.be.