FISCO - TURN: 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 - TURN
Largest movements
- Receivables within one year +€25,161
up €25,161 (+6.1%), from €411,763 to €436,924
of which Other amounts receivable: +€33,959
- Cash -€5,927
down €5,927 (-27.6%), from €21,514 to €15,587
mainly Receivables within one year (-€25,161) and Tax, wage and social debts (-€20,446)
- Trade debts +€21,052
up €21,052 (+31.1%), from €67,658 to €88,710
- Tax, wage and social debts -€20,446
down €20,446 (-87.1%), from €23,478 to €3,032
of which Remuneration and social security: -€19,927
- Other debts +€15,348
up €15,348 (+17.6%), from €87,274 to €102,622
- Gross operating margin -€39,463
down €39,463 (-64.5%), from €61,216 to €21,753
- Write-downs -€29,511
down €29,511 (-90.4%), from €32,646 to €3,135
- Staff costs -€25,804
down €25,804 (-67.7%), from €38,130 to €12,326
- Financial income -€18,821
down €18,821 (-97.0%), from €19,398 to €578
- Financial charges -€7,539
down €7,539 (-90.0%), from €8,375 to €836
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 | €435,389 | €454,128 | +€18,738 | +4.3% |
| Current assets | 29/58 | €435,389 | €454,128 | +€18,738 | +4.3% |
| Amounts receivable within one year | 40/41 | €411,763 | €436,924 | +€25,161 | +6.1% |
| Trade receivables | 40 | €300,026 | €291,229 | -€8,798 | -2.9% |
| Other amounts receivable | 41 | €111,736 | €145,695 | +€33,959 | +30.4% |
| Cash at bank and in hand | 54/58 | €21,514 | €15,587 | -€5,927 | -27.6% |
| Deferred charges and accrued income | 490/1 | €2,113 | €1,617 | -€496 | -23.5% |
| Total equity and liabilities | 10/49 | €435,389 | €454,128 | +€18,738 | +4.3% |
| Equity | 10/15 | €236,912 | €241,197 | +€4,285 | +1.8% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €1,859 | €1,859 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,859 | €1,859 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,859 | €1,859 | = | 0.0% |
| Profit (loss) carried forward | 14 | €216,461 | €220,746 | +€4,285 | +2.0% |
| Amounts payable | 17/49 | €198,477 | €212,931 | +€14,454 | +7.3% |
| Amounts payable within one year | 42/48 | €196,977 | €212,931 | +€15,954 | +8.1% |
| Financial debts | 43 | €5,000 | €5,000 | = | 0.0% |
| Credit institutions | 430/8 | €5,000 | €5,000 | = | 0.0% |
| Trade debts | 44 | €67,658 | €88,710 | +€21,052 | +31.1% |
| Suppliers | 440/4 | €67,658 | €88,710 | +€21,052 | +31.1% |
| Advances received on contracts in progress | 46 | €13,567 | €13,567 | = | 0.0% |
| Taxes, remuneration and social security | 45 | €23,478 | €3,032 | -€20,446 | -87.1% |
| Taxes | 450/3 | €3,551 | €3,032 | -€519 | -14.6% |
| Remuneration and social security | 454/9 | €19,927 | - | -€19,927 | |
| Other amounts payable | 47/48 | €87,274 | €102,622 | +€15,348 | +17.6% |
| Accrued charges and deferred income | 492/3 | €1,500 | - | -€1,500 | |
| Remuneration, social security and pensions | 62 | €38,130 | €12,326 | -€25,804 | -67.7% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €32,646 | €3,135 | -€29,511 | -90.4% |
| Other operating charges | 640/8 | €441 | €719 | +€277 | +62.8% |
| Gross operating margin | 9900 | €61,216 | €21,753 | -€39,463 | -64.5% |
| Operating profit (loss) | 9901 | -€10,001 | €5,574 | +€15,575 | |
| Financial income | 75/76B | €19,398 | €578 | -€18,821 | -97.0% |
| Recurring financial income | 75 | €19,398 | €578 | -€18,821 | -97.0% |
| Financial charges | 65/66B | €8,375 | €836 | -€7,539 | -90.0% |
| Recurring financial charges | 65 | €8,375 | €836 | -€7,539 | -90.0% |
| Profit (loss) for the period before taxes | 9903 | €1,022 | €5,316 | +€4,294 | +420.2% |
| Income taxes | 67/77 | €280 | €1,031 | +€751 | +267.7% |
| Profit (loss) for the period | 9904 | €741 | €4,285 | +€3,543 | +477.9% |
| Profit (loss) for the period to be appropriated | 9905 | €741 | €4,285 | +€3,543 | +477.9% |
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 10 October 2026 via checked.be.