FISCORUM: 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.
FISCORUM
Largest movements
- Receivables within one year +€84,781
up €84,781 (+35.0%), from €242,021 to €326,802
of which Trade receivables: +€84,442
- Tangible fixed assets -€37,572
down €37,572 (-5.6%), from €672,806 to €635,233
of which Land and buildings: -€26,929
- Deferred charges and accrued income +€13,910
up €13,910 (+22.3%), from €62,494 to €76,404
- Trade debts +€28,580
up €28,580 (+16.8%), from €169,934 to €198,514
- Reserves +€13,338
up €13,338 (+1.9%), from €711,250 to €724,588
of which Distributable reserves: +€13,338
- Tax, wage and social debts +€12,875
up €12,875 (+48.6%), from €26,486 to €39,361
of which Remuneration and social security: +€10,233
- Gross operating margin +€86,804
up €86,804 (+17.2%), from €503,480 to €590,285
- Staff costs +€41,693
up €41,693 (+15.3%), from €272,471 to €314,164
- Depreciation +€31,647
up €31,647 (+39.2%), from €80,680 to €112,327
- Write-downs +€6,173
up €6,173 (+682.3%), from €905 to €7,078
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 | €983,602 | €1,039,983 | +€56,381 | +5.7% |
| Fixed assets | 21/28 | €672,983 | €635,411 | -€37,572 | -5.6% |
| Tangible fixed assets | 22/27 | €672,806 | €635,233 | -€37,572 | -5.6% |
| Land and buildings | 22 | €476,347 | €449,418 | -€26,929 | -5.7% |
| Plant, machinery and equipment | 23 | €14,757 | €28,215 | +€13,458 | +91.2% |
| Furniture and vehicles | 24 | €181,702 | €157,600 | -€24,102 | -13.3% |
| Financial fixed assets | 28 | €178 | €178 | = | 0.0% |
| Current assets | 29/58 | €310,619 | €404,572 | +€93,953 | +30.2% |
| Amounts receivable within one year | 40/41 | €242,021 | €326,802 | +€84,781 | +35.0% |
| Trade receivables | 40 | €228,412 | €312,855 | +€84,442 | +37.0% |
| Other amounts receivable | 41 | €13,609 | €13,948 | +€339 | +2.5% |
| Cash at bank and in hand | 54/58 | €6,104 | €1,366 | -€4,738 | -77.6% |
| Deferred charges and accrued income | 490/1 | €62,494 | €76,404 | +€13,910 | +22.3% |
| Total equity and liabilities | 10/49 | €983,602 | €1,039,983 | +€56,381 | +5.7% |
| Equity | 10/15 | €734,727 | €748,066 | +€13,339 | +1.8% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €711,250 | €724,588 | +€13,338 | +1.9% |
| Tax-exempt reserves | 132 | €18,750 | €18,750 | = | 0.0% |
| Distributable reserves | 133 | €692,500 | €705,838 | +€13,338 | +1.9% |
| Profit (loss) carried forward | 14 | €3,477 | €3,478 | +€1 | 0.0% |
| Provisions and deferred taxes | 16 | €5,000 | €5,000 | = | 0.0% |
| Provisions for liabilities and charges | 160/5 | €5,000 | €5,000 | = | 0.0% |
| Major repairs and maintenance | 162 | €5,000 | €5,000 | = | 0.0% |
| Amounts payable | 17/49 | €243,875 | €286,917 | +€43,042 | +17.6% |
| Amounts payable within one year | 42/48 | €196,420 | €238,467 | +€42,047 | +21.4% |
| Trade debts | 44 | €169,934 | €198,514 | +€28,580 | +16.8% |
| Suppliers | 440/4 | €169,934 | €198,514 | +€28,580 | +16.8% |
| Taxes, remuneration and social security | 45 | €26,486 | €39,361 | +€12,875 | +48.6% |
| Taxes | 450/3 | €8,770 | €11,413 | +€2,642 | +30.1% |
| Remuneration and social security | 454/9 | €17,716 | €27,949 | +€10,233 | +57.8% |
| Other amounts payable | 47/48 | - | €591 | +€591 | |
| Accrued charges and deferred income | 492/3 | €47,455 | €48,450 | +€995 | +2.1% |
| Remuneration, social security and pensions | 62 | €272,471 | €314,164 | +€41,693 | +15.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €80,680 | €112,327 | +€31,647 | +39.2% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €905 | €7,078 | +€6,173 | +682.3% |
| Other operating charges | 640/8 | €4,788 | €5,424 | +€636 | +13.3% |
| Non-recurring operating charges | 66A | €8,344 | €2,769 | -€5,574 | -66.8% |
| Gross operating margin | 9900 | €503,480 | €590,285 | +€86,804 | +17.2% |
| Operating profit (loss) | 9901 | €136,293 | €148,523 | +€12,230 | +9.0% |
| Financial income | 75/76B | €342 | €829 | +€487 | +142.4% |
| Recurring financial income | 75 | €342 | €829 | +€487 | +142.4% |
| Financial charges | 65/66B | €1,825 | €1,845 | +€20 | +1.1% |
| Recurring financial charges | 65 | €1,825 | €1,845 | +€20 | +1.1% |
| Profit (loss) for the period before taxes | 9903 | €134,810 | €147,507 | +€12,697 | +9.4% |
| Income taxes | 67/77 | €42,191 | €45,169 | +€2,977 | +7.1% |
| Profit (loss) for the period | 9904 | €92,619 | €102,339 | +€9,720 | +10.5% |
| Profit (loss) for the period to be appropriated | 9905 | €92,619 | €102,339 | +€9,720 | +10.5% |
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 2 October 2026 via checked.be.