Fisco.pro: 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.pro
Largest movements
- Cash -€94,706
down €94,706 (-38.2%), from €247,625 to €152,919
mainly Contributions, distributions and other (-€200,000) and Investment in fixed assets (net) (-€83,519)
- Receivables within one year -€20,021
down €20,021 (-60.4%), from €33,151 to €13,131
of which Trade receivables: -€20,065
- Tangible fixed assets +€18,557
up €18,557 (+9.8%), from €188,607 to €207,165
of which Other tangible fixed assets: +€30,776
- Profit (loss) carried forward -€100,178
down €100,178 (-41.7%), from €240,054 to €139,876
- Trade debts -€49,741
down €49,741 (-76.0%), from €65,456 to €15,716
- Tax, wage and social debts +€28,001
up €28,001 (+35.3%), from €79,230 to €107,232
of which Taxes: +€43,121
- Other debts +€20,721
up €20,721 (+40.3%), from €51,387 to €72,108
- Advances received +€15,468
new in 2025: €15,468
- Gross operating margin -€21,965
down €21,965 (-5.5%), from €396,539 to €374,574
- Depreciation +€15,866
up €15,866 (+32.2%), from €49,258 to €65,124
- Taxes -€8,077
down €8,077 (-17.3%), from €46,808 to €38,731
- Staff costs +€7,495
up €7,495 (+4.9%), from €154,013 to €161,507
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 | €474,782 | €383,006 | -€91,776 | -19.3% |
| Fixed assets | 21/28 | €189,541 | €207,937 | +€18,395 | +9.7% |
| Tangible fixed assets | 22/27 | €188,607 | €207,165 | +€18,557 | +9.8% |
| Plant, machinery and equipment | 23 | €26,682 | €20,687 | -€5,995 | -22.5% |
| Furniture and vehicles | 24 | €122,791 | €116,567 | -€6,224 | -5.1% |
| Other tangible fixed assets | 26 | €39,134 | €69,910 | +€30,776 | +78.6% |
| Financial fixed assets | 28 | €934 | €772 | -€162 | -17.3% |
| Current assets | 29/58 | €285,241 | €175,070 | -€110,171 | -38.6% |
| Amounts receivable within one year | 40/41 | €33,151 | €13,131 | -€20,021 | -60.4% |
| Trade receivables | 40 | €33,119 | €13,054 | -€20,065 | -60.6% |
| Other amounts receivable | 41 | €33 | €77 | +€44 | +134.6% |
| Cash at bank and in hand | 54/58 | €247,625 | €152,919 | -€94,706 | -38.2% |
| Deferred charges and accrued income | 490/1 | €4,464 | €9,020 | +€4,556 | +102.0% |
| Total equity and liabilities | 10/49 | €474,782 | €383,006 | -€91,776 | -19.3% |
| Equity | 10/15 | €261,514 | €161,336 | -€100,178 | -38.3% |
| Contributions | 10/11 | €19,600 | €19,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €240,054 | €139,876 | -€100,178 | -41.7% |
| Amounts payable | 17/49 | €213,268 | €221,670 | +€8,402 | +3.9% |
| Amounts payable after more than one year | 17 | €11,146 | €4,867 | -€6,280 | -56.3% |
| Financial debts | 170/4 | €11,146 | €4,867 | -€6,280 | -56.3% |
| Amounts payable within one year | 42/48 | €202,122 | €216,803 | +€14,682 | +7.3% |
| Current portion of amounts payable after more than one year | 42 | €6,048 | €6,280 | +€231 | +3.8% |
| Trade debts | 44 | €65,456 | €15,716 | -€49,741 | -76.0% |
| Suppliers | 440/4 | €65,456 | €15,716 | -€49,741 | -76.0% |
| Advances received on contracts in progress | 46 | - | €15,468 | +€15,468 | |
| Taxes, remuneration and social security | 45 | €79,230 | €107,232 | +€28,001 | +35.3% |
| Taxes | 450/3 | €48,422 | €91,543 | +€43,121 | +89.1% |
| Remuneration and social security | 454/9 | €30,808 | €15,688 | -€15,120 | -49.1% |
| Other amounts payable | 47/48 | €51,387 | €72,108 | +€20,721 | +40.3% |
| Non-recurring operating income | 76A | €16,206 | - | -€16,206 | |
| Remuneration, social security and pensions | 62 | €154,013 | €161,507 | +€7,495 | +4.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €49,258 | €65,124 | +€15,866 | +32.2% |
| Other operating charges | 640/8 | €6,622 | €8,118 | +€1,496 | +22.6% |
| Non-recurring operating charges | 66A | €1,220 | €406 | -€814 | -66.7% |
| Gross operating margin | 9900 | €396,539 | €374,574 | -€21,965 | -5.5% |
| Operating profit (loss) | 9901 | €185,426 | €139,418 | -€46,008 | -24.8% |
| Financial income | 75/76B | €166 | €293 | +€127 | +76.8% |
| Recurring financial income | 75 | €166 | €293 | +€127 | +76.8% |
| Financial charges | 65/66B | €1,589 | €1,158 | -€431 | -27.1% |
| Recurring financial charges | 65 | €1,589 | €1,158 | -€431 | -27.1% |
| Profit (loss) for the period before taxes | 9903 | €184,003 | €138,553 | -€45,449 | -24.7% |
| Income taxes | 67/77 | €46,808 | €38,731 | -€8,077 | -17.3% |
| Profit (loss) for the period | 9904 | €137,194 | €99,822 | -€37,372 | -27.2% |
| Profit (loss) for the period to be appropriated | 9905 | €137,194 | €99,822 | -€37,372 | -27.2% |
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.