FISCOGESTION: 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.
FISCOGESTION
Largest movements
- Tangible fixed assets -€4,301
down €4,301 (-13.6%), from €31,714 to €27,413
of which Furniture and vehicles: -€3,938
- Cash -€3,924
down €3,924 (-8.5%), from €45,953 to €42,029
mainly Other debts (-€24,615) and Contributions, distributions and other (-€5,000)
- Receivables within one year +€1,003
up €1,003 (+49.4%), from €2,033 to €3,037
of which Other amounts receivable: +€1,287
- Other debts -€24,615
down €24,615 (-77.8%), from €31,643 to €7,027
- Reserves +€21,710
up €21,710 (+80.9%), from €26,849 to €48,559
of which Distributable reserves: +€21,710
- Current portion of long-term debt -€2,274
down €2,274 (-33.3%), from €6,824 to €4,550
- Debts after one year -€1,176
no longer reported in 2025 (was €1,176)
- Tax, wage and social debts -€1,004
down €1,004 (-16.6%), from €6,060 to €5,055
- Gross operating margin -€57,964
down €57,964 (-52.1%), from €111,315 to €53,351
- Staff costs -€7,613
no longer reported in 2025 (was €7,613)
- Taxes -€4,426
down €4,426 (-20.9%), from €21,222 to €16,796
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 | €93,106 | €86,366 | -€6,740 | -7.2% |
| Fixed assets | 21/28 | €31,714 | €27,413 | -€4,301 | -13.6% |
| Tangible fixed assets | 22/27 | €31,714 | €27,413 | -€4,301 | -13.6% |
| Furniture and vehicles | 24 | €30,361 | €26,424 | -€3,938 | -13.0% |
| Other tangible fixed assets | 26 | €1,353 | €990 | -€363 | -26.8% |
| Current assets | 29/58 | €61,391 | €58,953 | -€2,439 | -4.0% |
| Amounts receivable within one year | 40/41 | €2,033 | €3,037 | +€1,003 | +49.4% |
| Trade receivables | 40 | €2,033 | €1,750 | -€284 | -13.9% |
| Other amounts receivable | 41 | - | €1,287 | +€1,287 | |
| Current investments | 50/53 | €6,120 | €6,185 | +€65 | +1.1% |
| Cash at bank and in hand | 54/58 | €45,953 | €42,029 | -€3,924 | -8.5% |
| Deferred charges and accrued income | 490/1 | €7,285 | €7,702 | +€417 | +5.7% |
| Total equity and liabilities | 10/49 | €93,106 | €86,366 | -€6,740 | -7.2% |
| Equity | 10/15 | €47,349 | €69,061 | +€21,712 | +45.9% |
| Contributions | 10/11 | €20,405 | €20,405 | = | 0.0% |
| Reserves | 13 | €26,849 | €48,559 | +€21,710 | +80.9% |
| Tax-exempt reserves | 132 | €104 | €104 | = | 0.0% |
| Distributable reserves | 133 | €26,745 | €48,455 | +€21,710 | +81.2% |
| Profit (loss) carried forward | 14 | €95 | €97 | +€2 | +1.8% |
| Amounts payable | 17/49 | €45,757 | €17,305 | -€28,451 | -62.2% |
| Amounts payable after more than one year | 17 | €1,176 | - | -€1,176 | |
| Financial debts | 170/4 | €1,176 | - | -€1,176 | |
| Amounts payable within one year | 42/48 | €44,526 | €17,270 | -€27,256 | -61.2% |
| Current portion of amounts payable after more than one year | 42 | €6,824 | €4,550 | -€2,274 | -33.3% |
| Trade debts | 44 | - | €637 | +€637 | |
| Suppliers | 440/4 | - | €637 | +€637 | |
| Taxes, remuneration and social security | 45 | €6,060 | €5,055 | -€1,004 | -16.6% |
| Taxes | 450/3 | €6,060 | €5,055 | -€1,004 | -16.6% |
| Other amounts payable | 47/48 | €31,643 | €7,027 | -€24,615 | -77.8% |
| Accrued charges and deferred income | 492/3 | €55 | €36 | -€19 | -34.6% |
| Remuneration, social security and pensions | 62 | €7,613 | - | -€7,613 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,954 | €8,806 | +€852 | +10.7% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €55 | €399 | +€344 | +625% |
| Other operating charges | 640/8 | €689 | €479 | -€210 | -30.5% |
| Non-recurring operating charges | 66A | €29,879 | - | -€29,879 | |
| Gross operating margin | 9900 | €111,315 | €53,351 | -€57,964 | -52.1% |
| Operating profit (loss) | 9901 | €65,126 | €43,667 | -€21,458 | -32.9% |
| Financial income | 75/76B | €650 | €276 | -€373 | -57.5% |
| Recurring financial income | 75 | €650 | €276 | -€373 | -57.5% |
| Financial charges | 65/66B | €656 | €436 | -€220 | -33.6% |
| Recurring financial charges | 65 | €656 | €436 | -€220 | -33.6% |
| Profit (loss) for the period before taxes | 9903 | €65,119 | €43,508 | -€21,611 | -33.2% |
| Income taxes | 67/77 | €21,222 | €16,796 | -€4,426 | -20.9% |
| Profit (loss) for the period | 9904 | €43,897 | €26,712 | -€17,186 | -39.1% |
| Transfer to tax-exempt reserves | 689 | €104 | - | -€104 | |
| Profit (loss) for the period to be appropriated | 9905 | €43,794 | €26,712 | -€17,082 | -39.0% |
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 15 October 2026 via checked.be.