FISCO: 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.
FISCO
Largest movements
- Tangible fixed assets -€10,464
down €10,464 (-5.6%), from €187,765 to €177,301
of which Land and buildings: -€9,401
- Current investments -€6,568
no longer reported in 2025 (was €6,568)
- Cash +€4,408
new in 2025: €4,408
mainly Depreciation (+€10,464) and Current investments (+€6,568)
- Profit (loss) carried forward -€13,756
down €13,756 (-87.4%), from -€15,742 to -€29,499
- Gross operating margin -€3,378
down €3,378 (-89.1%), from €3,793 to €415
- Other operating charges -€2,068
down €2,068 (-36.6%), from €5,656 to €3,587
- Financial income -€968
no longer reported in 2025 (was €968)
- Staff costs +€88
new in 2025: €88
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 | €194,333 | €181,918 | -€12,415 | -6.4% |
| Fixed assets | 21/28 | €187,765 | €177,301 | -€10,464 | -5.6% |
| Tangible fixed assets | 22/27 | €187,765 | €177,301 | -€10,464 | -5.6% |
| Land and buildings | 22 | €184,285 | €174,885 | -€9,401 | -5.1% |
| Other tangible fixed assets | 26 | €3,480 | €2,417 | -€1,063 | -30.5% |
| Current assets | 29/58 | €6,568 | €4,616 | -€1,952 | -29.7% |
| Current investments | 50/53 | €6,568 | - | -€6,568 | |
| Cash at bank and in hand | 54/58 | - | €4,408 | +€4,408 | |
| Deferred charges and accrued income | 490/1 | - | €209 | +€209 | |
| Total equity and liabilities | 10/49 | €194,333 | €181,918 | -€12,415 | -6.4% |
| Equity | 10/15 | €53,558 | €39,802 | -€13,756 | -25.7% |
| Contributions | 10/11 | €63,000 | €63,000 | = | 0.0% |
| Capital | 10 | €63,000 | €63,000 | = | 0.0% |
| Issued capital | 100 | €63,000 | €63,000 | = | 0.0% |
| Reserves | 13 | €6,300 | €6,300 | = | 0.0% |
| Non-distributable reserves | 130/1 | €6,300 | €6,300 | = | 0.0% |
| Legal reserve | 130 | €6,300 | €6,300 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€15,742 | -€29,499 | -€13,756 | -87.4% |
| Amounts payable | 17/49 | €140,775 | €142,116 | +€1,341 | +1.0% |
| Amounts payable within one year | 42/48 | €140,775 | €142,116 | +€1,341 | +1.0% |
| Current portion of amounts payable after more than one year | 42 | €5,710 | €5,710 | = | 0.0% |
| Trade debts | 44 | €768 | €2,109 | +€1,341 | +174.6% |
| Suppliers | 440/4 | €768 | €2,109 | +€1,341 | +174.6% |
| Other amounts payable | 47/48 | €134,297 | €134,297 | = | 0.0% |
| Remuneration, social security and pensions | 62 | - | €88 | +€88 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,464 | €10,464 | -€0 | 0.0% |
| Other operating charges | 640/8 | €5,656 | €3,587 | -€2,068 | -36.6% |
| Gross operating margin | 9900 | €3,793 | €415 | -€3,378 | -89.1% |
| Operating profit (loss) | 9901 | -€12,326 | -€13,724 | -€1,398 | -11.3% |
| Financial income | 75/76B | €968 | - | -€968 | |
| Recurring financial income | 75 | €968 | - | -€968 | |
| Financial charges | 65/66B | €30 | €32 | +€2 | +6.9% |
| Recurring financial charges | 65 | €30 | €32 | +€2 | +6.9% |
| Profit (loss) for the period before taxes | 9903 | -€11,388 | -€13,756 | -€2,369 | -20.8% |
| Profit (loss) for the period | 9904 | -€11,388 | -€13,756 | -€2,369 | -20.8% |
| Profit (loss) for the period to be appropriated | 9905 | -€11,388 | -€13,756 | -€2,369 | -20.8% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 10 October 2026 via checked.be.