FISCODASA: 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.
FISCODASA
Largest movements
- Current investments +€350,062
up €350,062 (+124%), from €282,533 to €632,595
- Cash -€196,835
down €196,835 (-54.1%), from €363,581 to €166,746
mainly Current investments (-€350,062) and Contributions, distributions and other (-€50,000)
- Reserves +€87,662
up €87,662 (+8.0%), from €1.1m to €1.2m
of which Distributable reserves: +€45,562
- Other debts +€55,973
up €55,973 (+501%), from €11,164 to €67,137
- Gross operating margin -€14,776
down €14,776 (-7.0%), from €210,224 to €195,448
- Financial income -€12,420
down €12,420 (-35.9%), from €34,605 to €22,185
- Taxes -€4,117
down €4,117 (-8.1%), from €50,947 to €46,830
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.
Derived cash bridge
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 | €1,158,508 | €1,316,388 | +€157,880 | +13.6% |
| Fixed assets | 21/28 | €214,587 | €212,504 | -€2,083 | -1.0% |
| Tangible fixed assets | 22/27 | €50,097 | €48,014 | -€2,083 | -4.2% |
| Land and buildings | 22 | €49,184 | €46,782 | -€2,402 | -4.9% |
| Furniture and vehicles | 24 | €913 | €1,232 | +€319 | +34.9% |
| Financial fixed assets | 28 | €164,490 | €164,490 | = | 0.0% |
| Current assets | 29/58 | €943,921 | €1,103,884 | +€159,963 | +16.9% |
| Amounts receivable after more than one year | 29 | €150,000 | €150,000 | = | 0.0% |
| Other amounts receivable | 291 | €150,000 | €150,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €147,807 | €152,496 | +€4,689 | +3.2% |
| Trade receivables | 40 | €59,307 | €52,796 | -€6,511 | -11.0% |
| Other amounts receivable | 41 | €88,500 | €99,700 | +€11,200 | +12.7% |
| Current investments | 50/53 | €282,533 | €632,595 | +€350,062 | +124% |
| Cash at bank and in hand | 54/58 | €363,581 | €166,746 | -€196,835 | -54.1% |
| Deferred charges and accrued income | 490/1 | - | €2,047 | +€2,047 | |
| Total equity and liabilities | 10/49 | €1,158,508 | €1,316,388 | +€157,880 | +13.6% |
| Equity | 10/15 | €1,105,823 | €1,193,485 | +€87,662 | +7.9% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €1,099,623 | €1,187,285 | +€87,662 | +8.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Tax-exempt reserves | 132 | €105,250 | €147,350 | +€42,100 | +40.0% |
| Distributable reserves | 133 | €992,513 | €1,038,075 | +€45,562 | +4.6% |
| Amounts payable | 17/49 | €52,685 | €122,903 | +€70,218 | +133% |
| Amounts payable within one year | 42/48 | €52,685 | €122,903 | +€70,218 | +133% |
| Trade debts | 44 | €4,183 | €7,124 | +€2,941 | +70.3% |
| Suppliers | 440/4 | €4,183 | €7,124 | +€2,941 | +70.3% |
| Advances received on contracts in progress | 46 | €8,714 | €8,794 | +€80 | +0.9% |
| Taxes, remuneration and social security | 45 | €28,624 | €39,848 | +€11,224 | +39.2% |
| Taxes | 450/3 | €20,302 | €34,501 | +€14,199 | +69.9% |
| Remuneration and social security | 454/9 | €8,322 | €5,347 | -€2,975 | -35.7% |
| Other amounts payable | 47/48 | €11,164 | €67,137 | +€55,973 | +501% |
| Remuneration, social security and pensions | 62 | €26,519 | €27,609 | +€1,090 | +4.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,758 | €2,889 | +€131 | +4.7% |
| Other operating charges | 640/8 | €2,063 | €1,958 | -€105 | -5.1% |
| Gross operating margin | 9900 | €210,224 | €195,448 | -€14,776 | -7.0% |
| Operating profit (loss) | 9901 | €178,884 | €162,992 | -€15,892 | -8.9% |
| Financial income | 75/76B | €34,605 | €22,185 | -€12,420 | -35.9% |
| Recurring financial income | 75 | €34,605 | €22,185 | -€12,420 | -35.9% |
| Financial charges | 65/66B | €2,365 | €685 | -€1,680 | -71.0% |
| Recurring financial charges | 65 | €2,365 | €685 | -€1,680 | -71.0% |
| Profit (loss) for the period before taxes | 9903 | €211,124 | €184,492 | -€26,632 | -12.6% |
| Income taxes | 67/77 | €50,947 | €46,830 | -€4,117 | -8.1% |
| Profit (loss) for the period | 9904 | €160,177 | €137,662 | -€22,515 | -14.1% |
| Transfer to tax-exempt reserves | 689 | €79,990 | €42,100 | -€37,890 | -47.4% |
| Profit (loss) for the period to be appropriated | 9905 | €80,187 | €95,562 | +€15,375 | +19.2% |
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 22 October 2026 via checked.be.