FISCONAM: 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.
FISCONAM
Largest movements
- Cash -€14,644
down €14,644 (-40.7%), from €35,967 to €21,323
mainly Contributions, distributions and other (-€20,000) and Current portion of long-term debt (-€13,300)
- Receivables within one year +€13,078
up €13,078 (+28.8%), from €45,394 to €58,471
of which Trade receivables: +€7,882
- Tangible fixed assets -€12,255
down €12,255 (-23.8%), from €51,504 to €39,250
of which Leasing and similar rights: -€9,687
- Intangible fixed assets -€5,584
down €5,584 (-33.1%), from €16,856 to €11,272
- Deferred charges and accrued income +€2,348
up €2,348 (+62.0%), from €3,787 to €6,136
- Current portion of long-term debt -€13,300
down €13,300 (-82.2%), from €16,184 to €2,884
- Other debts -€9,141
down €9,141 (-31.4%), from €29,141 to €20,000
- Trade debts +€8,413
up €8,413 (+262.2%), from €3,209 to €11,622
- Tax, wage and social debts -€5,440
down €5,440 (-27.3%), from €19,925 to €14,484
of which Remuneration and social security: -€8,494
- Profit (loss) carried forward +€5,284
up €5,284 (+7.9%), from €67,174 to €72,457
- Staff costs +€32,932
up €32,932 (+40.8%), from €80,783 to €113,715
- Gross operating margin +€24,922
up €24,922 (+16.9%), from €147,352 to €172,273
- Other operating charges -€3,709
down €3,709 (-77.7%), from €4,774 to €1,064
- Write-downs +€1,989
up €1,989, from -€654 to €1,336
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 | €158,976 | €141,919 | -€17,057 | -10.7% |
| Fixed assets | 21/28 | €68,361 | €50,522 | -€17,839 | -26.1% |
| Intangible fixed assets | 21 | €16,856 | €11,272 | -€5,584 | -33.1% |
| Tangible fixed assets | 22/27 | €51,504 | €39,250 | -€12,255 | -23.8% |
| Plant, machinery and equipment | 23 | - | €1,165 | +€1,165 | |
| Furniture and vehicles | 24 | €16,726 | €14,062 | -€2,663 | -15.9% |
| Leasing and similar rights | 25 | €9,687 | €0 | -€9,687 | -100.0% |
| Other tangible fixed assets | 26 | €25,091 | €24,023 | -€1,068 | -4.3% |
| Current assets | 29/58 | €90,615 | €91,397 | +€781 | +0.9% |
| Amounts receivable within one year | 40/41 | €45,394 | €58,471 | +€13,078 | +28.8% |
| Trade receivables | 40 | €42,934 | €50,816 | +€7,882 | +18.4% |
| Other amounts receivable | 41 | €2,460 | €7,656 | +€5,196 | +211.2% |
| Current investments | 50/53 | €5,467 | €5,467 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €35,967 | €21,323 | -€14,644 | -40.7% |
| Deferred charges and accrued income | 490/1 | €3,787 | €6,136 | +€2,348 | +62.0% |
| Total equity and liabilities | 10/49 | €158,976 | €141,919 | -€17,057 | -10.7% |
| Equity | 10/15 | €87,634 | €92,917 | +€5,284 | +6.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €67,174 | €72,457 | +€5,284 | +7.9% |
| Amounts payable | 17/49 | €71,342 | €49,002 | -€22,341 | -31.3% |
| Amounts payable after more than one year | 17 | €2,884 | €0 | -€2,884 | -100.0% |
| Financial debts | 170/4 | €2,884 | €0 | -€2,884 | -100.0% |
| Amounts payable within one year | 42/48 | €68,458 | €48,990 | -€19,468 | -28.4% |
| Current portion of amounts payable after more than one year | 42 | €16,184 | €2,884 | -€13,300 | -82.2% |
| Trade debts | 44 | €3,209 | €11,622 | +€8,413 | +262.2% |
| Suppliers | 440/4 | €3,209 | €11,622 | +€8,413 | +262.2% |
| Taxes, remuneration and social security | 45 | €19,925 | €14,484 | -€5,440 | -27.3% |
| Taxes | 450/3 | €7,931 | €10,985 | +€3,054 | +38.5% |
| Remuneration and social security | 454/9 | €11,994 | €3,500 | -€8,494 | -70.8% |
| Other amounts payable | 47/48 | €29,141 | €20,000 | -€9,141 | -31.4% |
| Accrued charges and deferred income | 492/3 | €0 | €11 | +€11 | |
| Remuneration, social security and pensions | 62 | €80,783 | €113,715 | +€32,932 | +40.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €22,653 | €23,144 | +€492 | +2.2% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€654 | €1,336 | +€1,989 | |
| Other operating charges | 640/8 | €4,774 | €1,064 | -€3,709 | -77.7% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Gross operating margin | 9900 | €147,352 | €172,273 | +€24,922 | +16.9% |
| Operating profit (loss) | 9901 | €39,796 | €33,014 | -€6,782 | -17.0% |
| Financial income | 75/76B | €86 | €399 | +€314 | +365.2% |
| Recurring financial income | 75 | €86 | €399 | +€314 | +365.2% |
| Financial charges | 65/66B | €1,248 | €872 | -€376 | -30.1% |
| Recurring financial charges | 65 | €1,248 | €872 | -€376 | -30.1% |
| Profit (loss) for the period before taxes | 9903 | €38,634 | €32,541 | -€6,093 | -15.8% |
| Income taxes | 67/77 | €7,976 | €7,258 | -€718 | -9.0% |
| Profit (loss) for the period | 9904 | €30,658 | €25,284 | -€5,374 | -17.5% |
| Profit (loss) for the period to be appropriated | 9905 | €30,658 | €25,284 | -€5,374 | -17.5% |
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 4 October 2026 via checked.be.