FISCODU: 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.
FISCODU
Largest movements
- Cash -€6,889
down €6,889 (-1.9%), from €362,980 to €356,091
mainly Contributions, distributions and other (-€143,045) and Trade debts (-€1,299)
- Tangible fixed assets -€5,572
down €5,572 (-76.3%), from €7,302 to €1,731
of which Other tangible fixed assets: -€3,592
- Profit (loss) carried forward -€10,055
down €10,055 (-21.1%), from €47,691 to €37,636
- Reserves -€7,058
down €7,058 (-2.1%), from €334,362 to €327,304
of which Distributable reserves: -€7,058
- Gross operating margin +€36,148
up €36,148 (+19.2%), from €188,162 to €224,310
- Taxes +€9,673
up €9,673 (+21.2%), from €45,611 to €55,284
- Financial income -€3,180
down €3,180 (-31.8%), from €10,014 to €6,833
- Depreciation -€2,304
down €2,304 (-53.8%), from €4,284 to €1,980
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 | €433,758 | €421,504 | -€12,254 | -2.8% |
| Fixed assets | 21/28 | €7,302 | €1,731 | -€5,572 | -76.3% |
| Tangible fixed assets | 22/27 | €7,302 | €1,731 | -€5,572 | -76.3% |
| Furniture and vehicles | 24 | €3,711 | €1,731 | -€1,980 | -53.4% |
| Other tangible fixed assets | 26 | €3,592 | - | -€3,592 | |
| Current assets | 29/58 | €426,455 | €419,774 | -€6,682 | -1.6% |
| Amounts receivable within one year | 40/41 | €59,557 | €59,996 | +€439 | +0.7% |
| Trade receivables | 40 | €59,557 | €59,975 | +€418 | +0.7% |
| Other amounts receivable | 41 | - | €21 | +€21 | |
| Cash at bank and in hand | 54/58 | €362,980 | €356,091 | -€6,889 | -1.9% |
| Deferred charges and accrued income | 490/1 | €3,918 | €3,687 | -€232 | -5.9% |
| Total equity and liabilities | 10/49 | €433,758 | €421,504 | -€12,254 | -2.8% |
| Equity | 10/15 | €400,645 | €383,532 | -€17,113 | -4.3% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €334,362 | €327,304 | -€7,058 | -2.1% |
| Non-distributable reserves | 130/1 | €1,859 | €1,859 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,859 | €1,859 | = | 0.0% |
| Distributable reserves | 133 | €332,503 | €325,445 | -€7,058 | -2.1% |
| Profit (loss) carried forward | 14 | €47,691 | €37,636 | -€10,055 | -21.1% |
| Amounts payable | 17/49 | €33,113 | €37,972 | +€4,860 | +14.7% |
| Amounts payable within one year | 42/48 | €33,113 | €35,984 | +€2,872 | +8.7% |
| Trade debts | 44 | €2,278 | €979 | -€1,299 | -57.0% |
| Suppliers | 440/4 | €2,278 | €979 | -€1,299 | -57.0% |
| Taxes, remuneration and social security | 45 | €20,779 | €24,950 | +€4,171 | +20.1% |
| Taxes | 450/3 | €15,214 | €19,385 | +€4,171 | +27.4% |
| Remuneration and social security | 454/9 | €5,564 | €5,564 | = | 0.0% |
| Other amounts payable | 47/48 | €10,055 | €10,055 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | - | €1,988 | +€1,988 | |
| Remuneration, social security and pensions | 62 | €43,863 | €42,975 | -€888 | -2.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,284 | €1,980 | -€2,304 | -53.8% |
| Other operating charges | 640/8 | €462 | €475 | +€12 | +2.7% |
| Non-recurring operating charges | 66A | - | €3,592 | +€3,592 | |
| Gross operating margin | 9900 | €188,162 | €224,310 | +€36,148 | +19.2% |
| Operating profit (loss) | 9901 | €139,553 | €175,289 | +€35,736 | +25.6% |
| Financial income | 75/76B | €10,014 | €6,833 | -€3,180 | -31.8% |
| Recurring financial income | 75 | €10,014 | €6,833 | -€3,180 | -31.8% |
| Financial charges | 65/66B | €979 | €906 | -€73 | -7.4% |
| Recurring financial charges | 65 | €979 | €906 | -€73 | -7.4% |
| Profit (loss) for the period before taxes | 9903 | €148,588 | €181,216 | +€32,628 | +22.0% |
| Income taxes | 67/77 | €45,611 | €55,284 | +€9,673 | +21.2% |
| Profit (loss) for the period | 9904 | €102,977 | €125,932 | +€22,955 | +22.3% |
| Profit (loss) for the period to be appropriated | 9905 | €102,977 | €125,932 | +€22,955 | +22.3% |
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 12 October 2026 via checked.be.