FISCOWIN: 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.
FISCOWIN
Largest movements
- Receivables within one year -€43,481
down €43,481 (-54.7%), from €79,508 to €36,027
of which Trade receivables: -€44,259
- Cash +€36,572
up €36,572 (+42.6%), from €85,788 to €122,360
mainly Net result for the year (+€284,447) and Accrued charges and deferred income (+€147,733)
- Tangible fixed assets +€26,091
new in 2025: €26,091
of which Other tangible fixed assets: +€24,018
- Debts after one year -€293,008
down €293,008 (-28.3%), from €1.0m to €741,981
of which Financial debts: -€293,008
- Accrued charges and deferred income +€147,733
up €147,733 (+124.7%), from €118,500 to €266,233
- Reserves +€127,887
up €127,887 (+52.3%), from €244,431 to €372,318
- Tax, wage and social debts +€24,561
up €24,561 (+88.1%), from €27,887 to €52,448
- Gross operating margin +€105,289
up €105,289 (+79.6%), from €132,256 to €237,545
- Financial income +€23,405
up €23,405 (+19.3%), from €121,011 to €144,416
- Taxes +€19,161
up €19,161 (+56.7%), from €33,823 to €52,983
- Financial charges +€17,966
up €17,966 (+79.4%), from €22,619 to €40,585
of which Financial charges: +€17,951
- Depreciation +€2,649
new in 2025: €2,649
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 | €1,741,262 | €1,762,286 | +€21,024 | +1.2% |
| Fixed assets | 21/28 | €1,575,375 | €1,601,466 | +€26,091 | +1.7% |
| Tangible fixed assets | 22/27 | - | €26,091 | +€26,091 | |
| Furniture and vehicles | 24 | - | €2,074 | +€2,074 | |
| Other tangible fixed assets | 26 | - | €24,018 | +€24,018 | |
| Financial fixed assets | 28 | €1,575,375 | €1,575,375 | = | 0.0% |
| Current assets | 29/58 | €165,887 | €160,820 | -€5,067 | -3.1% |
| Amounts receivable within one year | 40/41 | €79,508 | €36,027 | -€43,481 | -54.7% |
| Trade receivables | 40 | €76,408 | €32,149 | -€44,259 | -57.9% |
| Other amounts receivable | 41 | €3,100 | €3,877 | +€777 | +25.1% |
| Cash at bank and in hand | 54/58 | €85,788 | €122,360 | +€36,572 | +42.6% |
| Deferred charges and accrued income | 490/1 | €591 | €2,433 | +€1,842 | +311.8% |
| Total equity and liabilities | 10/49 | €1,741,262 | €1,762,286 | +€21,024 | +1.2% |
| Equity | 10/15 | €246,431 | €374,318 | +€127,887 | +51.9% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Reserves | 13 | €244,431 | €372,318 | +€127,887 | +52.3% |
| Distributable reserves | 133 | €244,431 | €372,318 | +€127,887 | +52.3% |
| Amounts payable | 17/49 | €1,494,830 | €1,387,968 | -€106,862 | -7.1% |
| Amounts payable after more than one year | 17 | €1,034,989 | €741,981 | -€293,008 | -28.3% |
| Financial debts | 170/4 | €959,989 | €666,981 | -€293,008 | -30.5% |
| Other amounts payable | 178/9 | €75,000 | €75,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €341,341 | €379,754 | +€38,413 | +11.3% |
| Current portion of amounts payable after more than one year | 42 | €313,432 | €323,008 | +€9,576 | +3.1% |
| Trade debts | 44 | €22 | €4,298 | +€4,276 | +19542.1% |
| Suppliers | 440/4 | €22 | €4,298 | +€4,276 | +19542.1% |
| Taxes, remuneration and social security | 45 | €27,887 | €52,448 | +€24,561 | +88.1% |
| Taxes | 450/3 | €27,887 | €52,448 | +€24,561 | +88.1% |
| Accrued charges and deferred income | 492/3 | €118,500 | €266,233 | +€147,733 | +124.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €2,649 | +€2,649 | |
| Other operating charges | 640/8 | €118 | €451 | +€333 | +282.6% |
| Non-recurring operating charges | 66A | €10,847 | €845 | -€10,002 | -92.2% |
| Gross operating margin | 9900 | €132,256 | €237,545 | +€105,289 | +79.6% |
| Operating profit (loss) | 9901 | €121,291 | €233,600 | +€112,308 | +92.6% |
| Financial income | 75/76B | €121,011 | €144,416 | +€23,405 | +19.3% |
| Recurring financial income | 75 | €121,011 | €144,416 | +€23,405 | +19.3% |
| Financial charges | 65/66B | €22,619 | €40,585 | +€17,966 | +79.4% |
| Recurring financial charges | 65 | €22,619 | €40,570 | +€17,951 | +79.4% |
| Non-recurring financial charges | 66B | - | €15 | +€15 | |
| Profit (loss) for the period before taxes | 9903 | €219,683 | €337,430 | +€117,747 | +53.6% |
| Income taxes | 67/77 | €33,823 | €52,983 | +€19,161 | +56.7% |
| Profit (loss) for the period | 9904 | €185,860 | €284,447 | +€98,587 | +53.0% |
| Profit (loss) for the period to be appropriated | 9905 | €185,860 | €284,447 | +€98,587 | +53.0% |
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 3 October 2026 via checked.be.