FISCOGED: 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.
FISCOGED
Largest movements
- Intangible fixed assets -€47,027
down €47,027 (-19.4%), from €242,975 to €195,948
- Cash +€28,162
up €28,162 (+264.2%), from €10,661 to €38,823
mainly Net result for the year (+€116,787) and Depreciation (+€66,000)
- Current investments +€13,144
up €13,144 (+4.8%), from €274,600 to €287,744
- Debts after one year -€124,751
down €124,751 (-21.3%), from €586,197 to €461,446
- Reserves +€60,000
up €60,000 (+60.0%), from €100,000 to €160,000
- Current portion of long-term debt +€50,202
up €50,202 (+67.3%), from €74,549 to €124,751
- Tax, wage and social debts +€22,977
up €22,977 (+42.5%), from €54,037 to €77,013
of which Taxes: +€18,020
- Other debts -€22,056
down €22,056 (-27.0%), from €81,555 to €59,499
- Gross operating margin +€52,860
up €52,860 (+10.9%), from €483,336 to €536,197
- Write-downs +€15,467
up €15,467, from -€13,222 to €2,245
- Other operating charges -€14,212
down €14,212 (-78.1%), from €18,190 to €3,977
- Staff costs +€12,744
up €12,744 (+4.7%), from €272,070 to €284,813
- Taxes +€12,598
up €12,598 (+30.3%), from €41,555 to €54,154
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €925,005 | €917,765 | -€7,240 | -0.8% |
| Formation expenses | 20 | €0 | €0 | = | |
| Fixed assets | 21/28 | €575,474 | €522,297 | -€53,177 | -9.2% |
| Intangible fixed assets | 21 | €242,975 | €195,948 | -€47,027 | -19.4% |
| Tangible fixed assets | 22/27 | €331,599 | €325,449 | -€6,150 | -1.9% |
| Land and buildings | 22 | €325,663 | €319,946 | -€5,717 | -1.8% |
| Plant, machinery and equipment | 23 | €0 | €0 | = | |
| Furniture and vehicles | 24 | €5,935 | €5,503 | -€432 | -7.3% |
| Financial fixed assets | 28 | €900 | €900 | = | 0.0% |
| Current assets | 29/58 | €349,531 | €395,468 | +€45,937 | +13.1% |
| Amounts receivable after more than one year | 29 | €0 | - | = | |
| Other amounts receivable | 291 | €0 | - | = | |
| Amounts receivable within one year | 40/41 | €47,003 | €54,985 | +€7,983 | +17.0% |
| Trade receivables | 40 | €41,185 | €53,724 | +€12,538 | +30.4% |
| Other amounts receivable | 41 | €5,818 | €1,262 | -€4,556 | -78.3% |
| Current investments | 50/53 | €274,600 | €287,744 | +€13,144 | +4.8% |
| Cash at bank and in hand | 54/58 | €10,661 | €38,823 | +€28,162 | +264.2% |
| Deferred charges and accrued income | 490/1 | €17,267 | €13,915 | -€3,351 | -19.4% |
| Total equity and liabilities | 10/49 | €925,005 | €917,765 | -€7,240 | -0.8% |
| Equity | 10/15 | €118,600 | €178,600 | +€60,000 | +50.6% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €100,000 | €160,000 | +€60,000 | +60.0% |
| Distributable reserves | 133 | €100,000 | €160,000 | +€60,000 | +60.0% |
| Profit (loss) carried forward | 14 | €0 | - | = | |
| Amounts payable | 17/49 | €806,405 | €739,165 | -€67,240 | -8.3% |
| Amounts payable after more than one year | 17 | €586,197 | €461,446 | -€124,751 | -21.3% |
| Financial debts | 170/4 | €586,197 | €461,446 | -€124,751 | -21.3% |
| Amounts payable within one year | 42/48 | €220,208 | €277,719 | +€57,511 | +26.1% |
| Current portion of amounts payable after more than one year | 42 | €74,549 | €124,751 | +€50,202 | +67.3% |
| Trade debts | 44 | €8,508 | €14,369 | +€5,861 | +68.9% |
| Suppliers | 440/4 | €8,508 | €14,369 | +€5,861 | +68.9% |
| Advances received on contracts in progress | 46 | €1,559 | €2,087 | +€528 | +33.8% |
| Taxes, remuneration and social security | 45 | €54,037 | €77,013 | +€22,977 | +42.5% |
| Taxes | 450/3 | €24,751 | €42,771 | +€18,020 | +72.8% |
| Remuneration and social security | 454/9 | €29,285 | €34,242 | +€4,956 | +16.9% |
| Other amounts payable | 47/48 | €81,555 | €59,499 | -€22,056 | -27.0% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Remuneration, social security and pensions | 62 | €272,070 | €284,813 | +€12,744 | +4.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €67,559 | €66,000 | -€1,559 | -2.3% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€13,222 | €2,245 | +€15,467 | |
| Other operating charges | 640/8 | €18,190 | €3,977 | -€14,212 | -78.1% |
| Non-recurring operating charges | 66A | - | €420 | +€420 | |
| Gross operating margin | 9900 | €483,336 | €536,197 | +€52,860 | +10.9% |
| Operating profit (loss) | 9901 | €138,739 | €178,741 | +€40,001 | +28.8% |
| Financial income | 75/76B | €2,722 | €2,640 | -€81 | -3.0% |
| Recurring financial income | 75 | €2,722 | €2,640 | -€81 | -3.0% |
| Financial charges | 65/66B | €19,484 | €10,441 | -€9,043 | -46.4% |
| Recurring financial charges | 65 | €19,484 | €10,441 | -€9,043 | -46.4% |
| Profit (loss) for the period before taxes | 9903 | €121,977 | €170,940 | +€48,963 | +40.1% |
| Income taxes | 67/77 | €41,555 | €54,154 | +€12,598 | +30.3% |
| Profit (loss) for the period | 9904 | €80,422 | €116,787 | +€36,365 | +45.2% |
| Profit (loss) for the period to be appropriated | 9905 | €80,422 | €116,787 | +€36,365 | +45.2% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 28 September 2026 via checked.be.