FISCOMUST: 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.
FISCOMUST
Largest movements
- Receivables within one year -€10,343
down €10,343 (-5.7%), from €179,890 to €169,547
of which Other amounts receivable: -€6,597
- Tangible fixed assets -€2,204
down €2,204 (-51.8%), from €4,252 to €2,048
- Profit (loss) carried forward -€14,078
down €14,078 (-33.7%), from €41,740 to €27,662
- Accrued charges and deferred income +€2,813
up €2,813 (+130.9%), from €2,149 to €4,962
- Trade debts -€2,023
down €2,023 (-7.1%), from €28,319 to €26,295
- Write-downs +€23,000
up €23,000, from -€9,514 to €13,486
- Gross operating margin -€8,612
down €8,612 (-12.9%), from €66,914 to €58,302
- Taxes -€7,449
down €7,449 (-88.8%), from €8,387 to €938
- Staff costs +€3,463
up €3,463 (+7.7%), from €44,832 to €48,295
- Other operating charges +€2,253
up €2,253 (+119.5%), from €1,885 to €4,137
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 | €197,285 | €182,844 | -€14,441 | -7.3% |
| Fixed assets | 21/28 | €4,252 | €2,048 | -€2,204 | -51.8% |
| Tangible fixed assets | 22/27 | €4,252 | €2,048 | -€2,204 | -51.8% |
| Furniture and vehicles | 24 | €4,252 | €2,048 | -€2,204 | -51.8% |
| Current assets | 29/58 | €193,033 | €180,796 | -€12,237 | -6.3% |
| Amounts receivable within one year | 40/41 | €179,890 | €169,547 | -€10,343 | -5.7% |
| Trade receivables | 40 | €108,403 | €104,657 | -€3,746 | -3.5% |
| Other amounts receivable | 41 | €71,487 | €64,890 | -€6,597 | -9.2% |
| Cash at bank and in hand | 54/58 | €2,030 | €459 | -€1,571 | -77.4% |
| Deferred charges and accrued income | 490/1 | €11,112 | €10,790 | -€322 | -2.9% |
| Total equity and liabilities | 10/49 | €197,285 | €182,844 | -€14,441 | -7.3% |
| Equity | 10/15 | €130,627 | €116,549 | -€14,078 | -10.8% |
| Contributions | 10/11 | €88,000 | €88,000 | = | 0.0% |
| Capital | 10 | €88,000 | €88,000 | = | 0.0% |
| Issued capital | 100 | €88,000 | €88,000 | = | 0.0% |
| Reserves | 13 | €888 | €888 | = | 0.0% |
| Non-distributable reserves | 130/1 | €888 | €888 | = | 0.0% |
| Legal reserve | 130 | €888 | €888 | = | 0.0% |
| Profit (loss) carried forward | 14 | €41,740 | €27,662 | -€14,078 | -33.7% |
| Provisions and deferred taxes | 16 | €1,569 | €1,569 | = | 0.0% |
| Provisions for liabilities and charges | 160/5 | €1,569 | €1,569 | = | 0.0% |
| Pensions and similar obligations | 160 | €1,569 | €1,569 | = | 0.0% |
| Amounts payable | 17/49 | €65,089 | €64,726 | -€363 | -0.6% |
| Amounts payable within one year | 42/48 | €62,939 | €59,763 | -€3,176 | -5.0% |
| Trade debts | 44 | €28,319 | €26,295 | -€2,023 | -7.1% |
| Suppliers | 440/4 | €28,319 | €26,295 | -€2,023 | -7.1% |
| Taxes, remuneration and social security | 45 | €34,296 | €32,959 | -€1,337 | -3.9% |
| Taxes | 450/3 | €25,649 | €16,491 | -€9,158 | -35.7% |
| Remuneration and social security | 454/9 | €8,647 | €16,468 | +€7,821 | +90.5% |
| Other amounts payable | 47/48 | €325 | €509 | +€185 | +56.8% |
| Accrued charges and deferred income | 492/3 | €2,149 | €4,962 | +€2,813 | +130.9% |
| Remuneration, social security and pensions | 62 | €44,832 | €48,295 | +€3,463 | +7.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,727 | €3,699 | -€1,028 | -21.7% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€9,514 | €13,486 | +€23,000 | |
| Other operating charges | 640/8 | €1,885 | €4,137 | +€2,253 | +119.5% |
| Gross operating margin | 9900 | €66,914 | €58,302 | -€8,612 | -12.9% |
| Operating profit (loss) | 9901 | €24,984 | -€11,315 | -€36,299 | |
| Financial income | 75/76B | €10 | €3 | -€7 | -71.7% |
| Recurring financial income | 75 | €10 | €3 | -€7 | -71.7% |
| Financial charges | 65/66B | €461 | €1,828 | +€1,367 | +296.5% |
| Recurring financial charges | 65 | €461 | €1,828 | +€1,367 | +296.5% |
| Profit (loss) for the period before taxes | 9903 | €24,533 | -€13,140 | -€37,673 | |
| Income taxes | 67/77 | €8,387 | €938 | -€7,449 | -88.8% |
| Profit (loss) for the period | 9904 | €16,146 | -€14,078 | -€30,224 | |
| Profit (loss) for the period to be appropriated | 9905 | €16,146 | -€14,078 | -€30,224 |
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 8 October 2026 via checked.be.