FISCOK: 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.
FISCOK
Largest movements
- Cash +€25,597
up €25,597 (+44.0%), from €58,148 to €83,745
mainly Net result for the year (+€20,554) and Depreciation (+€11,269)
- Tangible fixed assets -€10,314
down €10,314 (-23.2%), from €44,503 to €34,189
of which Furniture and vehicles: -€10,408
- Reserves +€20,554
up €20,554 (+2.6%), from €788,522 to €809,076
of which Distributable reserves: +€20,554
- Gross operating margin -€22,408
down €22,408 (-44.0%), from €50,947 to €28,539
- Taxes -€9,704
down €9,704 (-41.2%), from €23,578 to €13,874
- Financial income -€8,038
down €8,038 (-25.2%), from €31,949 to €23,911
- Other operating charges +€698
up €698 (+19.2%), from €3,642 to €4,339
- Financial charges +€585
up €585 (+32.0%), from €1,828 to €2,414
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 | €870,638 | €889,341 | +€18,703 | +2.1% |
| Fixed assets | 21/28 | €44,503 | €34,189 | -€10,314 | -23.2% |
| Tangible fixed assets | 22/27 | €44,503 | €34,189 | -€10,314 | -23.2% |
| Furniture and vehicles | 24 | €37,269 | €26,861 | -€10,408 | -27.9% |
| Other tangible fixed assets | 26 | €7,234 | €7,328 | +€94 | +1.3% |
| Current assets | 29/58 | €826,135 | €855,152 | +€29,017 | +3.5% |
| Amounts receivable within one year | 40/41 | - | €3,420 | +€3,420 | |
| Other amounts receivable | 41 | - | €3,420 | +€3,420 | |
| Current investments | 50/53 | €767,987 | €767,987 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €58,148 | €83,745 | +€25,597 | +44.0% |
| Total equity and liabilities | 10/49 | €870,638 | €889,341 | +€18,703 | +2.1% |
| Equity | 10/15 | €800,922 | €821,477 | +€20,554 | +2.6% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €788,522 | €809,076 | +€20,554 | +2.6% |
| Tax-exempt reserves | 132 | €83,100 | €83,100 | = | 0.0% |
| Distributable reserves | 133 | €705,422 | €725,976 | +€20,554 | +2.9% |
| Amounts payable | 17/49 | €69,716 | €67,865 | -€1,852 | -2.7% |
| Amounts payable within one year | 42/48 | €69,716 | €67,865 | -€1,852 | -2.7% |
| Trade debts | 44 | €3,846 | €2,598 | -€1,249 | -32.5% |
| Suppliers | 440/4 | €3,846 | €2,598 | -€1,249 | -32.5% |
| Taxes, remuneration and social security | 45 | €6,541 | €5,084 | -€1,456 | -22.3% |
| Taxes | 450/3 | €6,541 | €5,084 | -€1,456 | -22.3% |
| Other amounts payable | 47/48 | €59,329 | €60,182 | +€853 | +1.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,118 | €11,269 | +€151 | +1.4% |
| Other operating charges | 640/8 | €3,642 | €4,339 | +€698 | +19.2% |
| Gross operating margin | 9900 | €50,947 | €28,539 | -€22,408 | -44.0% |
| Operating profit (loss) | 9901 | €36,187 | €12,931 | -€23,257 | -64.3% |
| Financial income | 75/76B | €31,949 | €23,911 | -€8,038 | -25.2% |
| Recurring financial income | 75 | €31,949 | €23,911 | -€8,038 | -25.2% |
| Financial charges | 65/66B | €1,828 | €2,414 | +€585 | +32.0% |
| Recurring financial charges | 65 | €1,828 | €2,414 | +€585 | +32.0% |
| Profit (loss) for the period before taxes | 9903 | €66,308 | €34,428 | -€31,880 | -48.1% |
| Income taxes | 67/77 | €23,578 | €13,874 | -€9,704 | -41.2% |
| Profit (loss) for the period | 9904 | €42,730 | €20,554 | -€22,176 | -51.9% |
| Profit (loss) for the period to be appropriated | 9905 | €42,730 | €20,554 | -€22,176 | -51.9% |
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 2 October 2026 via checked.be.