FISCO FACTORY: 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 FACTORY
Largest movements
- Current investments -€55,000
no longer reported in 2025 (was €55,000)
- Receivables within one year +€38,439
up €38,439 (+119%), from €32,319 to €70,758
- Tangible fixed assets -€7,407
down €7,407 (-33.0%), from €22,457 to €15,050
of which Furniture and vehicles: -€6,514
- Cash -€2,544
down €2,544 (-56.2%), from €4,528 to €1,983
mainly Contributions, distributions and other (-€75,600) and Receivables within one year (-€38,439)
- Reserves -€23,800
no longer reported in 2025 (was €23,800)
- Other debts -€4,996
down €4,996 (-9.3%), from €53,638 to €48,642
- Tax, wage and social debts +€2,243
up €2,243 (+11.7%), from €19,112 to €21,355
of which Taxes: +€2,243
- Gross operating margin +€29,887
up €29,887 (+67.9%), from €44,020 to €73,907
- Taxes +€5,943
up €5,943 (+75.0%), from €7,922 to €13,865
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 | €115,188 | €88,705 | -€26,482 | -23.0% |
| Fixed assets | 21/28 | €22,457 | €15,050 | -€7,407 | -33.0% |
| Tangible fixed assets | 22/27 | €22,457 | €15,050 | -€7,407 | -33.0% |
| Furniture and vehicles | 24 | €16,764 | €10,251 | -€6,514 | -38.9% |
| Other tangible fixed assets | 26 | €1,953 | €4,799 | +€2,846 | +146% |
| Assets under construction and advance payments | 27 | €3,739 | - | -€3,739 | |
| Current assets | 29/58 | €92,731 | €73,656 | -€19,075 | -20.6% |
| Amounts receivable within one year | 40/41 | €32,319 | €70,758 | +€38,439 | +119% |
| Trade receivables | 40 | €32,319 | €70,758 | +€38,439 | +119% |
| Current investments | 50/53 | €55,000 | - | -€55,000 | |
| Cash at bank and in hand | 54/58 | €4,528 | €1,983 | -€2,544 | -56.2% |
| Deferred charges and accrued income | 490/1 | €885 | €914 | +€30 | +3.4% |
| Total equity and liabilities | 10/49 | €115,188 | €88,705 | -€26,482 | -23.0% |
| Equity | 10/15 | €42,408 | €18,679 | -€23,729 | -56.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €23,800 | - | -€23,800 | |
| Distributable reserves | 133 | €23,800 | - | -€23,800 | |
| Profit (loss) carried forward | 14 | €8 | €79 | +€71 | +877% |
| Amounts payable | 17/49 | €72,780 | €70,026 | -€2,753 | -3.8% |
| Amounts payable within one year | 42/48 | €72,750 | €69,996 | -€2,753 | -3.8% |
| Taxes, remuneration and social security | 45 | €19,112 | €21,355 | +€2,243 | +11.7% |
| Taxes | 450/3 | €17,568 | €19,811 | +€2,243 | +12.8% |
| Remuneration and social security | 454/9 | €1,544 | €1,544 | = | 0.0% |
| Other amounts payable | 47/48 | €53,638 | €48,642 | -€4,996 | -9.3% |
| Accrued charges and deferred income | 492/3 | €30 | €30 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,129 | €7,822 | +€693 | +9.7% |
| Other operating charges | 640/8 | €709 | €681 | -€28 | -3.9% |
| Gross operating margin | 9900 | €44,020 | €73,907 | +€29,887 | +67.9% |
| Operating profit (loss) | 9901 | €36,182 | €65,405 | +€29,222 | +80.8% |
| Financial income | 75/76B | €325 | €377 | +€52 | +15.9% |
| Recurring financial income | 75 | €325 | €377 | +€52 | +15.9% |
| Financial charges | 65/66B | €45 | €45 | +€0 | +0.6% |
| Recurring financial charges | 65 | €45 | €45 | +€0 | +0.6% |
| Profit (loss) for the period before taxes | 9903 | €36,463 | €65,736 | +€29,274 | +80.3% |
| Income taxes | 67/77 | €7,922 | €13,865 | +€5,943 | +75.0% |
| Profit (loss) for the period | 9904 | €28,540 | €51,871 | +€23,331 | +81.7% |
| Profit (loss) for the period to be appropriated | 9905 | €28,540 | €51,871 | +€23,331 | +81.7% |
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 27 October 2026 via checked.be.