FISCO ZONE: 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 ZONE
Largest movements
- Receivables within one year +€12,050
up €12,050 (+13.0%), from €92,913 to €104,963
- Cash +€2,659
up €2,659 (+13.5%), from €19,697 to €22,356
mainly Trade debts (+€11,942) and Depreciation (+€9,352)
- Deferred charges and accrued income +€2,002
up €2,002 (+66.9%), from €2,994 to €4,996
- Trade debts +€11,942
up €11,942 (+43.3%), from €27,590 to €39,532
- Profit (loss) carried forward +€5,181
up €5,181 (+28.6%), from €18,094 to €23,275
- Tax, wage and social debts +€4,746
up €4,746 (+10.6%), from €44,760 to €49,506
of which Remuneration and social security: +€6,998
- Debts after one year -€2,854
down €2,854 (-56.5%), from €5,047 to €2,193
- Staff costs +€43,620
up €43,620 (+21.1%), from €207,152 to €250,772
- Gross operating margin +€39,738
up €39,738 (+15.9%), from €249,327 to €289,065
- Write-downs +€5,536
up €5,536 (+247.5%), from €2,237 to €7,773
- Taxes -€3,222
down €3,222 (-22.8%), from €14,129 to €10,907
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 | €144,780 | €162,820 | +€18,040 | +12.5% |
| Fixed assets | 21/28 | €29,176 | €30,505 | +€1,329 | +4.6% |
| Tangible fixed assets | 22/27 | €24,769 | €26,098 | +€1,329 | +5.4% |
| Plant, machinery and equipment | 23 | €8,896 | €5,116 | -€3,780 | -42.5% |
| Furniture and vehicles | 24 | €10,522 | €16,456 | +€5,934 | +56.4% |
| Other tangible fixed assets | 26 | €5,351 | €4,526 | -€825 | -15.4% |
| Financial fixed assets | 28 | €4,407 | €4,407 | = | 0.0% |
| Current assets | 29/58 | €115,604 | €132,315 | +€16,711 | +14.5% |
| Amounts receivable within one year | 40/41 | €92,913 | €104,963 | +€12,050 | +13.0% |
| Trade receivables | 40 | €92,913 | €104,963 | +€12,050 | +13.0% |
| Cash at bank and in hand | 54/58 | €19,697 | €22,356 | +€2,659 | +13.5% |
| Deferred charges and accrued income | 490/1 | €2,994 | €4,996 | +€2,002 | +66.9% |
| Total equity and liabilities | 10/49 | €144,780 | €162,820 | +€18,040 | +12.5% |
| Equity | 10/15 | €38,554 | €43,735 | +€5,181 | +13.4% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 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 | €18,094 | €23,275 | +€5,181 | +28.6% |
| Amounts payable | 17/49 | €106,226 | €119,085 | +€12,859 | +12.1% |
| Amounts payable after more than one year | 17 | €5,047 | €2,193 | -€2,854 | -56.5% |
| Financial debts | 170/4 | €5,047 | €2,193 | -€2,854 | -56.5% |
| Amounts payable within one year | 42/48 | €101,179 | €116,892 | +€15,713 | +15.5% |
| Current portion of amounts payable after more than one year | 42 | €2,776 | €2,854 | +€78 | +2.8% |
| Trade debts | 44 | €27,590 | €39,532 | +€11,942 | +43.3% |
| Suppliers | 440/4 | €27,590 | €39,532 | +€11,942 | +43.3% |
| Taxes, remuneration and social security | 45 | €44,760 | €49,506 | +€4,746 | +10.6% |
| Taxes | 450/3 | €20,728 | €18,476 | -€2,252 | -10.9% |
| Remuneration and social security | 454/9 | €24,032 | €31,030 | +€6,998 | +29.1% |
| Other amounts payable | 47/48 | €26,053 | €25,000 | -€1,053 | -4.0% |
| Remuneration, social security and pensions | 62 | €207,152 | €250,772 | +€43,620 | +21.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,582 | €9,352 | +€770 | +9.0% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €2,237 | €7,773 | +€5,536 | +247.5% |
| Other operating charges | 640/8 | €3,646 | €2,571 | -€1,075 | -29.5% |
| Gross operating margin | 9900 | €249,327 | €289,065 | +€39,738 | +15.9% |
| Operating profit (loss) | 9901 | €27,710 | €18,597 | -€9,113 | -32.9% |
| Financial income | 75/76B | €4 | €206 | +€202 | +5050.0% |
| Recurring financial income | 75 | €4 | €206 | +€202 | +5050.0% |
| Financial charges | 65/66B | €2,807 | €2,715 | -€92 | -3.3% |
| Recurring financial charges | 65 | €2,807 | €2,715 | -€92 | -3.3% |
| Profit (loss) for the period before taxes | 9903 | €24,907 | €16,088 | -€8,819 | -35.4% |
| Income taxes | 67/77 | €14,129 | €10,907 | -€3,222 | -22.8% |
| Profit (loss) for the period | 9904 | €10,778 | €5,181 | -€5,597 | -51.9% |
| Profit (loss) for the period to be appropriated | 9905 | €10,778 | €5,181 | -€5,597 | -51.9% |
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 11 October 2026 via checked.be.