FISCOEXPERT: what changed
Two fiscal 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.
FISCOEXPERT
Largest movements
- Current investments -€150,000
no longer reported in 2025 (was €150,000)
- Receivables after one year +€90,754
new in 2025: €90,754
- Cash -€25,949
down €25,949 (-39.8%), from €65,210 to €39,261
mainly Contributions, distributions and other (-€265,000) and Receivables after one year (-€90,754)
- Receivables within one year +€8,542
up €8,542 (+170832.4%), from €5 to €8,547
of which Other amounts receivable: +€8,547
- Profit (loss) carried forward -€116,487
down €116,487 (-99.8%), from €116,693 to €206
- Other debts +€43,392
up €43,392 (+42.2%), from €102,931 to €146,323
- Reserves -€7,103
no longer reported in 2025 (was €7,103)
- Tax, wage and social debts +€4,716
up €4,716 (+49.6%), from €9,501 to €14,217
of which Taxes: +€2,966
- Gross operating margin -€26,832
down €26,832 (-11.7%), from €229,463 to €202,631
- Taxes -€9,316
down €9,316 (-16.0%), from €58,247 to €48,931
- Financial charges +€6,849
up €6,849 (+16706.0%), from €41 to €6,890
- Depreciation +€3,782
up €3,782 (+170.1%), from €2,223 to €6,005
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 | €241,727 | €163,418 | -€78,309 | -32.4% |
| Fixed assets | 21/28 | €25,264 | €23,082 | -€2,182 | -8.6% |
| Tangible fixed assets | 22/27 | €25,264 | €23,082 | -€2,182 | -8.6% |
| Furniture and vehicles | 24 | €25,264 | €23,082 | -€2,182 | -8.6% |
| Current assets | 29/58 | €216,463 | €140,336 | -€76,127 | -35.2% |
| Amounts receivable after more than one year | 29 | - | €90,754 | +€90,754 | |
| Other amounts receivable | 291 | - | €90,754 | +€90,754 | |
| Amounts receivable within one year | 40/41 | €5 | €8,547 | +€8,542 | +170832.4% |
| Trade receivables | 40 | €5 | - | -€5 | |
| Other amounts receivable | 41 | - | €8,547 | +€8,547 | |
| Current investments | 50/53 | €150,000 | - | -€150,000 | |
| Cash at bank and in hand | 54/58 | €65,210 | €39,261 | -€25,949 | -39.8% |
| Deferred charges and accrued income | 490/1 | €1,248 | €1,774 | +€526 | +42.1% |
| Total equity and liabilities | 10/49 | €241,727 | €163,418 | -€78,309 | -32.4% |
| Equity | 10/15 | €126,296 | €2,706 | -€123,590 | -97.9% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Reserves | 13 | €7,103 | - | -€7,103 | |
| Distributable reserves | 133 | €7,103 | - | -€7,103 | |
| Profit (loss) carried forward | 14 | €116,693 | €206 | -€116,487 | -99.8% |
| Amounts payable | 17/49 | €115,431 | €160,712 | +€45,281 | +39.2% |
| Amounts payable after more than one year | 17 | €1,000 | - | -€1,000 | |
| Financial debts | 170/4 | €1,000 | - | -€1,000 | |
| Amounts payable within one year | 42/48 | €114,431 | €160,712 | +€46,281 | +40.4% |
| Current portion of amounts payable after more than one year | 42 | €1,999 | - | -€1,999 | |
| Trade debts | 44 | - | €172 | +€172 | |
| Suppliers | 440/4 | - | €172 | +€172 | |
| Taxes, remuneration and social security | 45 | €9,501 | €14,217 | +€4,716 | +49.6% |
| Taxes | 450/3 | €9,501 | €12,467 | +€2,966 | +31.2% |
| Remuneration and social security | 454/9 | - | €1,750 | +€1,750 | |
| Other amounts payable | 47/48 | €102,931 | €146,323 | +€43,392 | +42.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,223 | €6,005 | +€3,782 | +170.1% |
| Other operating charges | 640/8 | €640 | €676 | +€36 | +5.7% |
| Non-recurring operating charges | 66A | - | €887 | +€887 | |
| Gross operating margin | 9900 | €229,463 | €202,631 | -€26,832 | -11.7% |
| Operating profit (loss) | 9901 | €226,600 | €195,063 | -€31,537 | -13.9% |
| Financial income | 75/76B | €1,326 | €2,169 | +€843 | +63.6% |
| Recurring financial income | 75 | €1,326 | €2,169 | +€843 | +63.6% |
| Financial charges | 65/66B | €41 | €6,890 | +€6,849 | +16706.0% |
| Recurring financial charges | 65 | €41 | €6,890 | +€6,849 | +16706.0% |
| Profit (loss) for the period before taxes | 9903 | €227,885 | €190,341 | -€37,544 | -16.5% |
| Income taxes | 67/77 | €58,247 | €48,931 | -€9,316 | -16.0% |
| Profit (loss) for the period | 9904 | €169,638 | €141,411 | -€28,227 | -16.6% |
| Profit (loss) for the period to be appropriated | 9905 | €169,638 | €141,411 | -€28,227 | -16.6% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 3 October 2026 via checked.be.