Fiscomad: 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.
Fiscomad
Largest movements
- Tangible fixed assets +€21,952
up €21,952 (+311.0%), from €7,059 to €29,010
of which Furniture and vehicles: +€19,662
- Receivables within one year -€21,056
down €21,056 (-16.8%), from €125,395 to €104,339
of which Other amounts receivable: -€11,400
- Cash -€5,805
down €5,805 (-13.9%), from €41,907 to €36,102
mainly Investment in fixed assets (net) (-€30,931) and Tax, wage and social debts (-€6,365)
- Tax, wage and social debts -€6,365
down €6,365 (-20.5%), from €31,030 to €24,665
of which Taxes: -€6,518
- Reserves +€1,964
up €1,964 (+1.7%), from €115,686 to €117,650
of which Distributable reserves: +€1,964
- Gross operating margin +€18,989
up €18,989 (+19.6%), from €97,112 to €116,100
- Depreciation +€4,925
up €4,925 (+121.5%), from €4,054 to €8,979
- Staff costs +€3,214
up €3,214 (+3.4%), from €94,736 to €97,950
- Taxes +€2,048
up €2,048 (+78.8%), from €2,599 to €4,647
- Other operating charges -€1,840
down €1,840 (-53.7%), from €3,425 to €1,585
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 | €174,653 | €169,743 | -€4,910 | -2.8% |
| Fixed assets | 21/28 | €7,351 | €29,302 | +€21,952 | +298.6% |
| Tangible fixed assets | 22/27 | €7,059 | €29,010 | +€21,952 | +311.0% |
| Land and buildings | 22 | €3,159 | €3,195 | +€36 | +1.1% |
| Plant, machinery and equipment | 23 | €0 | €2,254 | +€2,254 | |
| Furniture and vehicles | 24 | €3,900 | €23,562 | +€19,662 | +504.2% |
| Financial fixed assets | 28 | €292 | €292 | = | 0.0% |
| Current assets | 29/58 | €167,302 | €140,441 | -€26,861 | -16.1% |
| Amounts receivable within one year | 40/41 | €125,395 | €104,339 | -€21,056 | -16.8% |
| Trade receivables | 40 | €14,395 | €4,739 | -€9,656 | -67.1% |
| Other amounts receivable | 41 | €111,000 | €99,600 | -€11,400 | -10.3% |
| Cash at bank and in hand | 54/58 | €41,907 | €36,102 | -€5,805 | -13.9% |
| Total equity and liabilities | 10/49 | €174,653 | €169,743 | -€4,910 | -2.8% |
| Equity | 10/15 | €134,286 | €136,250 | +€1,964 | +1.5% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Capital | 10 | €18,600 | €18,600 | = | 0.0% |
| Issued capital | 100 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €115,686 | €117,650 | +€1,964 | +1.7% |
| Non-distributable reserves | 130/1 | €1,859 | €1,859 | = | 0.0% |
| Legal reserve | 130 | €1,859 | €1,859 | = | 0.0% |
| Distributable reserves | 133 | €113,827 | €115,791 | +€1,964 | +1.7% |
| Amounts payable | 17/49 | €40,367 | €33,494 | -€6,873 | -17.0% |
| Amounts payable within one year | 42/48 | €40,367 | €33,494 | -€6,873 | -17.0% |
| Trade debts | 44 | €9,337 | €8,829 | -€509 | -5.4% |
| Suppliers | 440/4 | €9,337 | €8,829 | -€509 | -5.4% |
| Taxes, remuneration and social security | 45 | €31,030 | €24,665 | -€6,365 | -20.5% |
| Taxes | 450/3 | €20,169 | €13,651 | -€6,518 | -32.3% |
| Remuneration and social security | 454/9 | €10,861 | €11,015 | +€154 | +1.4% |
| Non-recurring operating income | 76A | €7,765 | €1,770 | -€5,995 | -77.2% |
| Remuneration, social security and pensions | 62 | €94,736 | €97,950 | +€3,214 | +3.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,054 | €8,979 | +€4,925 | +121.5% |
| Other operating charges | 640/8 | €3,425 | €1,585 | -€1,840 | -53.7% |
| Gross operating margin | 9900 | €97,112 | €116,100 | +€18,989 | +19.6% |
| Operating profit (loss) | 9901 | -€5,103 | €7,586 | +€12,689 | |
| Financial income | 75/76B | €1,439 | €181 | -€1,258 | -87.4% |
| Recurring financial income | 75 | €1,439 | €181 | -€1,258 | -87.4% |
| Financial charges | 65/66B | €1,461 | €407 | -€1,054 | -72.1% |
| Recurring financial charges | 65 | €1,461 | €407 | -€1,054 | -72.1% |
| Profit (loss) for the period before taxes | 9903 | -€5,125 | €7,360 | +€12,485 | |
| Income taxes | 67/77 | €2,599 | €4,647 | +€2,048 | +78.8% |
| Profit (loss) for the period | 9904 | -€7,724 | €2,714 | +€10,437 | |
| Profit (loss) for the period to be appropriated | 9905 | -€7,724 | €2,714 | +€10,437 |
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 30 September 2026 via checked.be.