FISCODEL: 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.
FISCODEL
Largest movements
- Tangible fixed assets -€14,203
down €14,203 (-20.8%), from €68,157 to €53,954
- Receivables within one year +€7,553
up €7,553 (+9.3%), from €80,886 to €88,438
of which Trade receivables: +€4,062
- Cash -€6,224
down €6,224 (-12.6%), from €49,284 to €43,060
mainly Contributions, distributions and other (-€110,000) and Trade debts (-€9,289)
- Deferred charges and accrued income +€2,255
up €2,255 (+28.5%), from €7,911 to €10,166
- Trade debts -€9,289
down €9,289 (-36.8%), from €25,208 to €15,919
- Tax, wage and social debts -€4,133
down €4,133 (-36.8%), from €11,218 to €7,085
of which Taxes: -€5,084
- Profit (loss) carried forward +€2,386
up €2,386 (+2.0%), from €117,782 to €120,168
- Gross operating margin +€50,138
up €50,138 (+27.6%), from €181,918 to €232,056
- Staff costs +€14,940
up €14,940 (+23.6%), from €63,200 to €78,140
- Depreciation -€7,163
down €7,163 (-32.4%), from €22,096 to €14,933
- Taxes -€5,881
down €5,881 (-23.1%), from €25,448 to €19,567
- Other operating charges +€2,715
up €2,715 (+60.9%), from €4,460 to €7,176
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 | €207,348 | €196,548 | -€10,800 | -5.2% |
| Formation expenses | 20 | €0 | - | = | |
| Fixed assets | 21/28 | €69,267 | €54,884 | -€14,383 | -20.8% |
| Intangible fixed assets | 21 | €0 | €0 | = | |
| Tangible fixed assets | 22/27 | €68,157 | €53,954 | -€14,203 | -20.8% |
| Land and buildings | 22 | €47,181 | €42,747 | -€4,434 | -9.4% |
| Plant, machinery and equipment | 23 | €10,322 | €7,650 | -€2,672 | -25.9% |
| Furniture and vehicles | 24 | €10,654 | €3,557 | -€7,097 | -66.6% |
| Financial fixed assets | 28 | €1,110 | €930 | -€180 | -16.2% |
| Current assets | 29/58 | €138,081 | €141,664 | +€3,583 | +2.6% |
| Amounts receivable within one year | 40/41 | €80,886 | €88,438 | +€7,553 | +9.3% |
| Trade receivables | 40 | €78,240 | €82,302 | +€4,062 | +5.2% |
| Other amounts receivable | 41 | €2,646 | €6,136 | +€3,490 | +131.9% |
| Cash at bank and in hand | 54/58 | €49,284 | €43,060 | -€6,224 | -12.6% |
| Deferred charges and accrued income | 490/1 | €7,911 | €10,166 | +€2,255 | +28.5% |
| Total equity and liabilities | 10/49 | €207,348 | €196,548 | -€10,800 | -5.2% |
| Equity | 10/15 | €168,385 | €170,771 | +€2,386 | +1.4% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €32,010 | €32,010 | = | 0.0% |
| Distributable reserves | 133 | €32,010 | €32,010 | = | 0.0% |
| Profit (loss) carried forward | 14 | €117,782 | €120,168 | +€2,386 | +2.0% |
| Amounts payable | 17/49 | €38,963 | €25,777 | -€13,186 | -33.8% |
| Amounts payable within one year | 42/48 | €38,963 | €25,777 | -€13,186 | -33.8% |
| Current portion of amounts payable after more than one year | 42 | €0 | - | = | |
| Financial debts | 43 | €2,537 | €2,537 | = | 0.0% |
| Credit institutions | 430/8 | €2,537 | €2,537 | = | 0.0% |
| Trade debts | 44 | €25,208 | €15,919 | -€9,289 | -36.8% |
| Suppliers | 440/4 | €25,208 | €15,919 | -€9,289 | -36.8% |
| Taxes, remuneration and social security | 45 | €11,218 | €7,085 | -€4,133 | -36.8% |
| Taxes | 450/3 | €5,084 | €0 | -€5,084 | -100.0% |
| Remuneration and social security | 454/9 | €6,134 | €7,085 | +€951 | +15.5% |
| Other amounts payable | 47/48 | €0 | €236 | +€236 | |
| Turnover | 70 | €0 | €0 | = | |
| Goods, raw materials, services and sundry goods | 60/61 | €0 | €0 | = | |
| Remuneration, social security and pensions | 62 | €63,200 | €78,140 | +€14,940 | +23.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €22,096 | €14,933 | -€7,163 | -32.4% |
| Other operating charges | 640/8 | €4,460 | €7,176 | +€2,715 | +60.9% |
| Gross operating margin | 9900 | €181,918 | €232,056 | +€50,138 | +27.6% |
| Operating profit (loss) | 9901 | €92,162 | €131,808 | +€39,646 | +43.0% |
| Financial income | 75/76B | €1,036 | €2,163 | +€1,128 | +108.9% |
| Recurring financial income | 75 | €1,036 | €2,163 | +€1,128 | +108.9% |
| Financial charges | 65/66B | €1,379 | €2,018 | +€639 | +46.3% |
| Recurring financial charges | 65 | €1,379 | €2,018 | +€639 | +46.3% |
| Profit (loss) for the period before taxes | 9903 | €91,818 | €131,953 | +€40,135 | +43.7% |
| Income taxes | 67/77 | €25,448 | €19,567 | -€5,881 | -23.1% |
| Profit (loss) for the period | 9904 | €66,371 | €112,386 | +€46,015 | +69.3% |
| Profit (loss) for the period to be appropriated | 9905 | €66,371 | €112,386 | +€46,015 | +69.3% |
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.