FISCO-ACCOUNT: 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-ACCOUNT
Largest movements
- Current investments +€102,666
up €102,666 (+34.6%), from €296,379 to €399,045
- Cash -€87,672
down €87,672 (-36.5%), from €240,047 to €152,375
mainly Contributions, distributions and other (-€143,463) and Current investments (-€102,666)
- Tangible fixed assets -€6,982
down €6,982 (-11.1%), from €62,959 to €55,977
of which Land and buildings: -€5,765
- Other debts +€119,540
up €119,540 (+76.7%), from €155,895 to €275,435
- Reserves -€94,552
down €94,552 (-24.8%), from €380,962 to €286,410
- Debts after one year -€9,139
down €9,139 (-22.5%), from €40,558 to €31,420
- Gross operating margin -€55,032
down €55,032 (-42.3%), from €130,191 to €75,159
- Taxes -€17,181
down €17,181 (-47.0%), from €36,567 to €19,386
- Financial income -€3,641
down €3,641 (-39.0%), from €9,342 to €5,701
- Other operating charges +€2,947
up €2,947 (+209%), from €1,411 to €4,358
- Write-downs -€2,738
new in 2025: -€2,738
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 | €614,574 | €629,248 | +€14,674 | +2.4% |
| Fixed assets | 21/28 | €62,959 | €55,977 | -€6,982 | -11.1% |
| Tangible fixed assets | 22/27 | €62,959 | €55,977 | -€6,982 | -11.1% |
| Land and buildings | 22 | €55,359 | €49,594 | -€5,765 | -10.4% |
| Plant, machinery and equipment | 23 | €7,600 | €5,613 | -€1,987 | -26.1% |
| Furniture and vehicles | 24 | €0 | €770 | +€770 | |
| Current assets | 29/58 | €551,615 | €573,271 | +€21,656 | +3.9% |
| Amounts receivable within one year | 40/41 | €15,176 | €20,028 | +€4,852 | +32.0% |
| Trade receivables | 40 | €15,176 | €14,629 | -€547 | -3.6% |
| Other amounts receivable | 41 | €0 | €5,399 | +€5,399 | |
| Current investments | 50/53 | €296,379 | €399,045 | +€102,666 | +34.6% |
| Cash at bank and in hand | 54/58 | €240,047 | €152,375 | -€87,672 | -36.5% |
| Deferred charges and accrued income | 490/1 | €13 | €1,823 | +€1,810 | +14,368% |
| Total equity and liabilities | 10/49 | €614,574 | €629,248 | +€14,674 | +2.4% |
| Equity | 10/15 | €396,524 | €301,972 | -€94,552 | -23.8% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €380,962 | €286,410 | -€94,552 | -24.8% |
| Distributable reserves | 133 | €380,962 | €286,410 | -€94,552 | -24.8% |
| Profit (loss) carried forward | 14 | €9,362 | €9,362 | = | 0.0% |
| Amounts payable | 17/49 | €218,051 | €327,276 | +€109,226 | +50.1% |
| Amounts payable after more than one year | 17 | €40,558 | €31,420 | -€9,139 | -22.5% |
| Financial debts | 170/4 | €40,558 | €31,420 | -€9,139 | -22.5% |
| Amounts payable within one year | 42/48 | €177,492 | €295,670 | +€118,178 | +66.6% |
| Current portion of amounts payable after more than one year | 42 | €8,901 | €9,139 | +€238 | +2.7% |
| Trade debts | 44 | €72 | €2,751 | +€2,679 | +3,711% |
| Suppliers | 440/4 | €72 | €2,751 | +€2,679 | +3,711% |
| Taxes, remuneration and social security | 45 | €12,624 | €8,345 | -€4,279 | -33.9% |
| Taxes | 450/3 | €12,624 | €8,345 | -€4,279 | -33.9% |
| Other amounts payable | 47/48 | €155,895 | €275,435 | +€119,540 | +76.7% |
| Accrued charges and deferred income | 492/3 | €0 | €187 | +€187 | |
| Non-recurring operating income | 76A | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,029 | €7,808 | -€221 | -2.8% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | -€2,738 | -€2,738 | |
| Other operating charges | 640/8 | €1,411 | €4,358 | +€2,947 | +209% |
| Gross operating margin | 9900 | €130,191 | €75,159 | -€55,032 | -42.3% |
| Operating profit (loss) | 9901 | €120,751 | €65,731 | -€55,020 | -45.6% |
| Financial income | 75/76B | €9,342 | €5,701 | -€3,641 | -39.0% |
| Recurring financial income | 75 | €9,342 | €5,701 | -€3,641 | -39.0% |
| Financial charges | 65/66B | €3,773 | €3,135 | -€639 | -16.9% |
| Recurring financial charges | 65 | €3,773 | €3,135 | -€639 | -16.9% |
| Profit (loss) for the period before taxes | 9903 | €126,320 | €68,297 | -€58,023 | -45.9% |
| Income taxes | 67/77 | €36,567 | €19,386 | -€17,181 | -47.0% |
| Profit (loss) for the period | 9904 | €89,753 | €48,911 | -€40,842 | -45.5% |
| Profit (loss) for the period to be appropriated | 9905 | €89,753 | €48,911 | -€40,842 | -45.5% |
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 25 October 2026 via checked.be.