FISCO CENTRE: 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.
FISCO CENTRE
Largest movements
- Tangible fixed assets -€14,647
down €14,647 (-5.1%), from €285,992 to €271,344
of which Other tangible fixed assets: -€23,784
- Current investments +€8,020
up €8,020 (+401.0%), from €2,000 to €10,020
- Receivables within one year -€7,380
down €7,380 (-9.8%), from €75,632 to €68,253
of which Other amounts receivable: -€3,844
- Other debts +€62,851
up €62,851 (+143.2%), from €43,901 to €106,752
- Debts after one year -€43,281
down €43,281 (-39.9%), from €108,571 to €65,290
- Reserves -€30,000
down €30,000 (-29.5%), from €101,859 to €71,859
of which Tax-exempt reserves: -€30,000
- Trade debts -€9,435
down €9,435 (-27.7%), from €34,054 to €24,618
- Tax, wage and social debts +€7,168
up €7,168 (+19.2%), from €37,252 to €44,420
of which Taxes: +€4,563
- Staff costs +€46,110
up €46,110 (+47.4%), from €97,349 to €143,460
- Gross operating margin +€38,036
up €38,036 (+19.8%), from €192,490 to €230,526
- Write-downs -€3,395
no longer reported in 2025 (was €3,395)
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 | €428,311 | €414,605 | -€13,706 | -3.2% |
| Fixed assets | 21/28 | €285,992 | €271,344 | -€14,647 | -5.1% |
| Tangible fixed assets | 22/27 | €285,992 | €271,344 | -€14,647 | -5.1% |
| Plant, machinery and equipment | 23 | €6,965 | €6,957 | -€8 | -0.1% |
| Furniture and vehicles | 24 | €36,270 | €45,415 | +€9,145 | +25.2% |
| Other tangible fixed assets | 26 | €242,757 | €218,972 | -€23,784 | -9.8% |
| Current assets | 29/58 | €142,319 | €143,261 | +€942 | +0.7% |
| Amounts receivable within one year | 40/41 | €75,632 | €68,253 | -€7,380 | -9.8% |
| Trade receivables | 40 | €66,628 | €63,093 | -€3,536 | -5.3% |
| Other amounts receivable | 41 | €9,004 | €5,160 | -€3,844 | -42.7% |
| Current investments | 50/53 | €2,000 | €10,020 | +€8,020 | +401.0% |
| Cash at bank and in hand | 54/58 | €60,191 | €59,460 | -€730 | -1.2% |
| Deferred charges and accrued income | 490/1 | €4,496 | €5,528 | +€1,032 | +22.9% |
| Total equity and liabilities | 10/49 | €428,311 | €414,605 | -€13,706 | -3.2% |
| Equity | 10/15 | €156,546 | €129,104 | -€27,442 | -17.5% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €101,859 | €71,859 | -€30,000 | -29.5% |
| Non-distributable reserves | 130/1 | €1,859 | €1,859 | = | 0.0% |
| Other | 1319 | €1,859 | €1,859 | = | 0.0% |
| Tax-exempt reserves | 132 | €50,000 | €20,000 | -€30,000 | -60.0% |
| Distributable reserves | 133 | €50,000 | €50,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €36,095 | €38,653 | +€2,558 | +7.1% |
| Amounts payable | 17/49 | €271,764 | €285,501 | +€13,737 | +5.1% |
| Amounts payable after more than one year | 17 | €108,571 | €65,290 | -€43,281 | -39.9% |
| Financial debts | 170/4 | €108,571 | €65,290 | -€43,281 | -39.9% |
| Amounts payable within one year | 42/48 | €162,302 | €219,071 | +€56,768 | +35.0% |
| Current portion of amounts payable after more than one year | 42 | €47,096 | €43,281 | -€3,815 | -8.1% |
| Trade debts | 44 | €34,054 | €24,618 | -€9,435 | -27.7% |
| Suppliers | 440/4 | €34,054 | €24,618 | -€9,435 | -27.7% |
| Taxes, remuneration and social security | 45 | €37,252 | €44,420 | +€7,168 | +19.2% |
| Taxes | 450/3 | €16,649 | €21,212 | +€4,563 | +27.4% |
| Remuneration and social security | 454/9 | €20,603 | €23,208 | +€2,605 | +12.6% |
| Other amounts payable | 47/48 | €43,901 | €106,752 | +€62,851 | +143.2% |
| Accrued charges and deferred income | 492/3 | €891 | €1,140 | +€249 | +27.9% |
| Non-recurring operating income | 76A | - | €0 | +€0 | |
| Remuneration, social security and pensions | 62 | €97,349 | €143,460 | +€46,110 | +47.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €51,027 | €52,636 | +€1,610 | +3.2% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €3,395 | - | -€3,395 | |
| Other operating charges | 640/8 | €3,938 | €5,172 | +€1,234 | +31.3% |
| Non-recurring operating charges | 66A | €4,744 | €160 | -€4,584 | -96.6% |
| Gross operating margin | 9900 | €192,490 | €230,526 | +€38,036 | +19.8% |
| Operating profit (loss) | 9901 | €32,037 | €29,098 | -€2,938 | -9.2% |
| Financial income | 75/76B | €15 | €119 | +€104 | +696.7% |
| Recurring financial income | 75 | €15 | €119 | +€104 | +696.7% |
| Financial charges | 65/66B | €1,540 | €894 | -€646 | -42.0% |
| Recurring financial charges | 65 | €1,540 | €894 | -€646 | -42.0% |
| Profit (loss) for the period before taxes | 9903 | €30,511 | €28,324 | -€2,187 | -7.2% |
| Income taxes | 67/77 | - | €766 | +€766 | |
| Profit (loss) for the period | 9904 | €30,511 | €27,558 | -€2,953 | -9.7% |
| Profit (loss) for the period to be appropriated | 9905 | €30,511 | €27,558 | -€2,953 | -9.7% |
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.