FISCODEF: 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.
FISCODEF
Largest movements
- Receivables within one year -€27,999
down €27,999 (-58.3%), from €48,036 to €20,037
- Trade debts -€21,864
down €21,864 (-57.3%), from €38,136 to €16,273
- Profit (loss) carried forward +€18,111
up €18,111 (+8.3%), from -€218,338 to -€200,227
- Debts after one year -€16,141
down €16,141 (-4.8%), from €335,111 to €318,970
of which Financial debts: -€17,522
- Tax, wage and social debts -€8,066
down €8,066 (-31.8%), from €25,388 to €17,322
- Write-downs -€100,000
no longer reported in 2025 (was €100,000)
- Gross operating margin -€67,011
down €67,011 (-75.8%), from €88,390 to €21,380
- Financial charges -€6,123
down €6,123 (-81.4%), from €7,524 to €1,401
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 | €281,376 | €252,360 | -€29,016 | -10.3% |
| Fixed assets | 21/28 | €225,186 | €225,186 | = | 0.0% |
| Financial fixed assets | 28 | €225,186 | €225,186 | = | 0.0% |
| Current assets | 29/58 | €56,190 | €27,174 | -€29,016 | -51.6% |
| Amounts receivable within one year | 40/41 | €48,036 | €20,037 | -€27,999 | -58.3% |
| Trade receivables | 40 | €48,036 | €20,037 | -€27,999 | -58.3% |
| Cash at bank and in hand | 54/58 | €8,154 | €7,137 | -€1,017 | -12.5% |
| Total equity and liabilities | 10/49 | €281,376 | €252,360 | -€29,016 | -10.3% |
| Equity | 10/15 | -€191,610 | -€173,499 | +€18,111 | +9.5% |
| Reserves | 13 | €26,728 | €26,728 | = | 0.0% |
| Non-distributable reserves | 130/1 | €7,500 | €7,500 | = | 0.0% |
| Legal reserve | 130 | €7,500 | €7,500 | = | 0.0% |
| Distributable reserves | 133 | €19,228 | €19,228 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€218,338 | -€200,227 | +€18,111 | +8.3% |
| Amounts payable | 17/49 | €472,987 | €425,859 | -€47,128 | -10.0% |
| Amounts payable after more than one year | 17 | €335,111 | €318,970 | -€16,141 | -4.8% |
| Financial debts | 170/4 | €17,522 | - | -€17,522 | |
| Other amounts payable | 178/9 | €317,589 | €318,970 | +€1,381 | +0.4% |
| Amounts payable within one year | 42/48 | €137,876 | €106,889 | -€30,987 | -22.5% |
| Current portion of amounts payable after more than one year | 42 | €18,579 | €17,522 | -€1,057 | -5.7% |
| Trade debts | 44 | €38,136 | €16,273 | -€21,864 | -57.3% |
| Suppliers | 440/4 | €38,136 | €16,273 | -€21,864 | -57.3% |
| Taxes, remuneration and social security | 45 | €25,388 | €17,322 | -€8,066 | -31.8% |
| Taxes | 450/3 | €25,388 | €17,322 | -€8,066 | -31.8% |
| Other amounts payable | 47/48 | €55,772 | €55,772 | = | 0.0% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €100,000 | - | -€100,000 | |
| Other operating charges | 640/8 | €1,553 | €1,867 | +€314 | +20.2% |
| Non-recurring operating charges | 66A | €142 | - | -€142 | |
| Gross operating margin | 9900 | €88,390 | €21,380 | -€67,011 | -75.8% |
| Operating profit (loss) | 9901 | -€13,305 | €19,513 | +€32,818 | |
| Financial income | 75/76B | €104 | - | -€104 | |
| Recurring financial income | 75 | €104 | - | -€104 | |
| Financial charges | 65/66B | €7,524 | €1,401 | -€6,123 | -81.4% |
| Recurring financial charges | 65 | €7,524 | €1,401 | -€6,123 | -81.4% |
| Profit (loss) for the period before taxes | 9903 | -€20,725 | €18,111 | +€38,836 | |
| Profit (loss) for the period | 9904 | -€20,725 | €18,111 | +€38,836 | |
| Profit (loss) for the period to be appropriated | 9905 | -€20,725 | €18,111 | +€38,836 |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 13 October 2026 via checked.be.