FISCO FAC: 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 FAC
Largest movements
- Current investments +€30,628
up €30,628 (+79.2%), from €38,680 to €69,307
- Cash -€17,386
down €17,386 (-60.9%), from €28,544 to €11,158
mainly Contributions, distributions and other (-€60,251) and Current investments (-€30,628)
- Receivables within one year +€3,395
up €3,395 (+30.6%), from €11,108 to €14,503
of which Trade receivables: +€2,137
- Deferred charges and accrued income +€2,952
up €2,952 (+3763.7%), from €78 to €3,031
- Tangible fixed assets +€1,654
up €1,654 (+250.3%), from €661 to €2,314
- Other debts +€60,504
new in 2025: €60,504
- Profit (loss) carried forward -€30,412
no longer reported in 2025 (was €30,412)
- Reserves -€12,000
down €12,000 (-31.2%), from €38,445 to €26,445
- Trade debts +€2,178
up €2,178 (+89.2%), from €2,442 to €4,620
- Gross operating margin -€16,022
down €16,022 (-40.2%), from €39,874 to €23,852
- Taxes -€3,049
down €3,049 (-36.4%), from €8,383 to €5,334
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 | €79,070 | €100,313 | +€21,243 | +26.9% |
| Fixed assets | 21/28 | €661 | €2,314 | +€1,654 | +250.3% |
| Tangible fixed assets | 22/27 | €661 | €2,314 | +€1,654 | +250.3% |
| Furniture and vehicles | 24 | €661 | €2,314 | +€1,654 | +250.3% |
| Current assets | 29/58 | €78,410 | €97,999 | +€19,589 | +25.0% |
| Amounts receivable within one year | 40/41 | €11,108 | €14,503 | +€3,395 | +30.6% |
| Trade receivables | 40 | €11,108 | €13,245 | +€2,137 | +19.2% |
| Other amounts receivable | 41 | - | €1,258 | +€1,258 | |
| Current investments | 50/53 | €38,680 | €69,307 | +€30,628 | +79.2% |
| Cash at bank and in hand | 54/58 | €28,544 | €11,158 | -€17,386 | -60.9% |
| Deferred charges and accrued income | 490/1 | €78 | €3,031 | +€2,952 | +3763.7% |
| Total equity and liabilities | 10/49 | €79,070 | €100,313 | +€21,243 | +26.9% |
| Equity | 10/15 | €70,857 | €28,445 | -€42,412 | -59.9% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Reserves | 13 | €38,445 | €26,445 | -€12,000 | -31.2% |
| Distributable reserves | 133 | €38,445 | €26,445 | -€12,000 | -31.2% |
| Profit (loss) carried forward | 14 | €30,412 | - | -€30,412 | |
| Amounts payable | 17/49 | €8,213 | €71,868 | +€63,655 | +775.0% |
| Amounts payable within one year | 42/48 | €8,213 | €71,863 | +€63,650 | +775.0% |
| Trade debts | 44 | €2,442 | €4,620 | +€2,178 | +89.2% |
| Suppliers | 440/4 | €2,442 | €4,620 | +€2,178 | +89.2% |
| Taxes, remuneration and social security | 45 | €5,771 | €6,740 | +€969 | +16.8% |
| Taxes | 450/3 | €5,771 | €4,740 | -€1,031 | -17.9% |
| Remuneration and social security | 454/9 | - | €2,000 | +€2,000 | |
| Other amounts payable | 47/48 | - | €60,504 | +€60,504 | |
| Accrued charges and deferred income | 492/3 | - | €5 | +€5 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €615 | €403 | -€212 | -34.5% |
| Other operating charges | 640/8 | €387 | €400 | +€12 | +3.2% |
| Non-recurring operating charges | 66A | - | €64 | +€64 | |
| Gross operating margin | 9900 | €39,874 | €23,852 | -€16,022 | -40.2% |
| Operating profit (loss) | 9901 | €38,871 | €22,985 | -€15,886 | -40.9% |
| Financial income | 75/76B | €149 | €308 | +€160 | +107.3% |
| Recurring financial income | 75 | €149 | €308 | +€160 | +107.3% |
| Financial charges | 65/66B | €225 | €120 | -€105 | -46.6% |
| Recurring financial charges | 65 | €225 | €120 | -€105 | -46.6% |
| Profit (loss) for the period before taxes | 9903 | €38,795 | €23,173 | -€15,622 | -40.3% |
| Income taxes | 67/77 | €8,383 | €5,334 | -€3,049 | -36.4% |
| Profit (loss) for the period | 9904 | €30,412 | €17,839 | -€12,573 | -41.3% |
| Profit (loss) for the period to be appropriated | 9905 | €30,412 | €17,839 | -€12,573 | -41.3% |
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 4 October 2026 via checked.be.