FISCO GROUP: 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 GROUP
Largest movements
- Cash +€49,241
up €49,241 (+319.0%), from €15,437 to €64,678
mainly Net result for the year (+€54,187) and Other debts (+€30,200)
- Receivables within one year -€21,317
down €21,317 (-26.5%), from €80,332 to €59,016
of which Trade receivables: -€11,294
- Tangible fixed assets -€7,129
down €7,129 (-6.0%), from €119,701 to €112,572
of which Land and buildings: -€3,726
- Other debts +€30,200
up €30,200 (+88.8%), from €34,000 to €64,200
- Profit (loss) carried forward +€14,187
up €14,187 (+35.1%), from €40,466 to €54,653
- Tax, wage and social debts -€13,237
down €13,237 (-37.4%), from €35,369 to €22,132
of which Remuneration and social security: -€11,314
- Debts after one year -€7,384
down €7,384 (-9.0%), from €81,989 to €74,605
- Trade debts -€4,133
down €4,133 (-32.6%), from €12,679 to €8,546
- Gross operating margin +€27,250
up €27,250 (+41.8%), from €65,177 to €92,427
- Taxes +€18,986
up €18,986 (+154.2%), from €12,312 to €31,298
- Financial income +€4,524
up €4,524 (+58.7%), from €7,706 to €12,230
- Financial charges +€2,926
up €2,926 (+84.0%), from €3,484 to €6,409
- Depreciation -€1,111
down €1,111 (-12.5%), from €8,913 to €7,802
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 | €230,775 | €250,519 | +€19,745 | +8.6% |
| Fixed assets | 21/28 | €134,408 | €126,606 | -€7,802 | -5.8% |
| Intangible fixed assets | 21 | €14,583 | €13,910 | -€673 | -4.6% |
| Tangible fixed assets | 22/27 | €119,701 | €112,572 | -€7,129 | -6.0% |
| Land and buildings | 22 | €102,580 | €98,854 | -€3,726 | -3.6% |
| Plant, machinery and equipment | 23 | €16,315 | €13,467 | -€2,848 | -17.5% |
| Furniture and vehicles | 24 | €806 | €251 | -€555 | -68.9% |
| Assets under construction and advance payments | 27 | €0 | - | = | |
| Financial fixed assets | 28 | €125 | €125 | = | 0.0% |
| Current assets | 29/58 | €96,366 | €123,913 | +€27,546 | +28.6% |
| Amounts receivable within one year | 40/41 | €80,332 | €59,016 | -€21,317 | -26.5% |
| Trade receivables | 40 | €31,053 | €19,759 | -€11,294 | -36.4% |
| Other amounts receivable | 41 | €49,279 | €39,256 | -€10,023 | -20.3% |
| Cash at bank and in hand | 54/58 | €15,437 | €64,678 | +€49,241 | +319.0% |
| Deferred charges and accrued income | 490/1 | €597 | €219 | -€378 | -63.3% |
| Total equity and liabilities | 10/49 | €230,775 | €250,519 | +€19,745 | +8.6% |
| Equity | 10/15 | €59,466 | €73,653 | +€14,187 | +23.9% |
| Contributions | 10/11 | €19,000 | €19,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €40,466 | €54,653 | +€14,187 | +35.1% |
| Amounts payable | 17/49 | €171,309 | €176,867 | +€5,558 | +3.2% |
| Amounts payable after more than one year | 17 | €81,989 | €74,605 | -€7,384 | -9.0% |
| Financial debts | 170/4 | €81,989 | €74,605 | -€7,384 | -9.0% |
| Amounts payable within one year | 42/48 | €89,320 | €102,262 | +€12,941 | +14.5% |
| Current portion of amounts payable after more than one year | 42 | €7,272 | €7,384 | +€111 | +1.5% |
| Trade debts | 44 | €12,679 | €8,546 | -€4,133 | -32.6% |
| Suppliers | 440/4 | €12,679 | €8,546 | -€4,133 | -32.6% |
| Taxes, remuneration and social security | 45 | €35,369 | €22,132 | -€13,237 | -37.4% |
| Taxes | 450/3 | €8,953 | €7,030 | -€1,923 | -21.5% |
| Remuneration and social security | 454/9 | €26,416 | €15,102 | -€11,314 | -42.8% |
| Other amounts payable | 47/48 | €34,000 | €64,200 | +€30,200 | +88.8% |
| Non-recurring operating income | 76A | €2,655 | - | -€2,655 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,913 | €7,802 | -€1,111 | -12.5% |
| Other operating charges | 640/8 | €4,380 | €4,086 | -€294 | -6.7% |
| Non-recurring operating charges | 66A | €1,798 | €875 | -€923 | -51.3% |
| Gross operating margin | 9900 | €65,177 | €92,427 | +€27,250 | +41.8% |
| Operating profit (loss) | 9901 | €50,087 | €79,664 | +€29,577 | +59.1% |
| Financial income | 75/76B | €7,706 | €12,230 | +€4,524 | +58.7% |
| Recurring financial income | 75 | €7,706 | €12,230 | +€4,524 | +58.7% |
| Financial charges | 65/66B | €3,484 | €6,409 | +€2,926 | +84.0% |
| Recurring financial charges | 65 | €3,484 | €6,409 | +€2,926 | +84.0% |
| Profit (loss) for the period before taxes | 9903 | €54,309 | €85,485 | +€31,176 | +57.4% |
| Income taxes | 67/77 | €12,312 | €31,298 | +€18,986 | +154.2% |
| Profit (loss) for the period | 9904 | €41,997 | €54,187 | +€12,190 | +29.0% |
| Profit (loss) for the period to be appropriated | 9905 | €41,997 | €54,187 | +€12,190 | +29.0% |
Source: filed annual accounts (NBB), financial years ended 31 May 2024 and 31 May 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 10 October 2026 via checked.be.