FISCO-WIN: 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-WIN
Largest movements
- Cash -€28,047
down €28,047 (-61.2%), from €45,793 to €17,746
mainly Debts after one year (-€42,712) and Receivables within one year (-€19,282)
- Receivables within one year +€19,282
up €19,282 (+84.6%), from €22,779 to €42,062
of which Trade receivables: +€21,785
- Deferred charges and accrued income -€4,344
down €4,344 (-58.5%), from €7,421 to €3,077
- Debts after one year -€42,712
down €42,712 (-20.4%), from €209,013 to €166,301
- Profit (loss) carried forward +€20,828
up €20,828 (+22.2%), from €93,751 to €114,580
- Other debts +€9,812
up €9,812 (+37.3%), from €26,320 to €36,132
- Tax, wage and social debts -€8,407
down €8,407 (-23.6%), from €35,553 to €27,146
of which Remuneration and social security: -€6,028
- Trade debts +€7,537
up €7,537 (+3269.6%), from €231 to €7,768
- Taxes +€5,025
up €5,025 (+101.4%), from €4,955 to €9,980
- Gross operating margin -€2,374
down €2,374 (-2.3%), from €101,326 to €98,952
- Staff costs -€1,977
down €1,977 (-3.7%), from €53,103 to €51,127
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 | €425,994 | €412,885 | -€13,109 | -3.1% |
| Formation expenses | 20 | €0 | €0 | = | |
| Fixed assets | 21/28 | €350,000 | €350,000 | = | 0.0% |
| Tangible fixed assets | 22/27 | €0 | €0 | = | |
| Furniture and vehicles | 24 | €0 | €0 | = | |
| Financial fixed assets | 28 | €350,000 | €350,000 | = | 0.0% |
| Current assets | 29/58 | €75,994 | €62,885 | -€13,109 | -17.3% |
| Amounts receivable within one year | 40/41 | €22,779 | €42,062 | +€19,282 | +84.6% |
| Trade receivables | 40 | €20,215 | €42,000 | +€21,785 | +107.8% |
| Other amounts receivable | 41 | €2,564 | €62 | -€2,502 | -97.6% |
| Cash at bank and in hand | 54/58 | €45,793 | €17,746 | -€28,047 | -61.2% |
| Deferred charges and accrued income | 490/1 | €7,421 | €3,077 | -€4,344 | -58.5% |
| Total equity and liabilities | 10/49 | €425,994 | €412,885 | -€13,109 | -3.1% |
| Equity | 10/15 | €119,407 | €140,235 | +€20,828 | +17.4% |
| Contributions | 10/11 | €15,656 | €15,656 | = | 0.0% |
| Reserves | 13 | €10,000 | €10,000 | = | 0.0% |
| Distributable reserves | 133 | €10,000 | €10,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €93,751 | €114,580 | +€20,828 | +22.2% |
| Amounts payable | 17/49 | €306,587 | €272,650 | -€33,937 | -11.1% |
| Amounts payable after more than one year | 17 | €209,013 | €166,301 | -€42,712 | -20.4% |
| Financial debts | 170/4 | €209,013 | €166,301 | -€42,712 | -20.4% |
| Amounts payable within one year | 42/48 | €96,821 | €106,257 | +€9,437 | +9.7% |
| Current portion of amounts payable after more than one year | 42 | €27,217 | €27,712 | +€495 | +1.8% |
| Financial debts | 43 | €7,500 | €7,500 | = | 0.0% |
| Credit institutions | 430/8 | €7,500 | €7,500 | = | 0.0% |
| Trade debts | 44 | €231 | €7,768 | +€7,537 | +3269.6% |
| Suppliers | 440/4 | €231 | €7,768 | +€7,537 | +3269.6% |
| Taxes, remuneration and social security | 45 | €35,553 | €27,146 | -€8,407 | -23.6% |
| Taxes | 450/3 | €24,524 | €22,145 | -€2,379 | -9.7% |
| Remuneration and social security | 454/9 | €11,029 | €5,001 | -€6,028 | -54.7% |
| Other amounts payable | 47/48 | €26,320 | €36,132 | +€9,812 | +37.3% |
| Accrued charges and deferred income | 492/3 | €753 | €91 | -€662 | -87.9% |
| Turnover | 70 | - | €0 | = | |
| Goods, raw materials, services and sundry goods | 60/61 | - | €0 | = | |
| Remuneration, social security and pensions | 62 | €53,103 | €51,127 | -€1,977 | -3.7% |
| Other operating charges | 640/8 | €759 | €594 | -€165 | -21.7% |
| Gross operating margin | 9900 | €101,326 | €98,952 | -€2,374 | -2.3% |
| Operating profit (loss) | 9901 | €47,464 | €47,231 | -€233 | -0.5% |
| Financial income | 75/76B | €114 | €141 | +€26 | +23.0% |
| Recurring financial income | 75 | €114 | €141 | +€26 | +23.0% |
| Financial charges | 65/66B | €4,897 | €4,368 | -€530 | -10.8% |
| Recurring financial charges | 65 | €4,897 | €4,368 | -€530 | -10.8% |
| Profit (loss) for the period before taxes | 9903 | €42,681 | €43,004 | +€323 | +0.8% |
| Income taxes | 67/77 | €4,955 | €9,980 | +€5,025 | +101.4% |
| Profit (loss) for the period | 9904 | €37,726 | €33,023 | -€4,702 | -12.5% |
| Profit (loss) for the period to be appropriated | 9905 | €37,726 | €33,023 | -€4,702 | -12.5% |
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 9 October 2026 via checked.be.