FISCUS: what changed
What changed
FISCUS
NACE 69.201, Certified accountants and tax accountants
filed annual accounts (NBB)
Net result for the year
€50,921
2024 · €52,846-€1,925
Equity
€388,328
2024 · €436,478-€48,150
Cash
€179,877
2024 · €3,578+€176,300
Balance sheet total
€626,628
2024 · €598,174+€28,453
Largest movements
Assets
- Cash +€176,300
up €176,300 (+4,928%), from €3,578 to €179,877
mainly Current investments (+€122,500) and Other debts (+€67,518)
- Current investments -€122,500
down €122,500 (-100%), from €122,500 to €0
- Receivables within one year -€21,629
down €21,629 (-73.0%), from €29,623 to €7,994
of which Trade receivables: -€15,635
Equity and liabilities
- Other debts +€67,518
up €67,518 (+2,150,246%), from €3 to €67,521
- Reserves -€48,150
down €48,150 (-11.5%), from €417,755 to €369,605
of which Distributable reserves: -€48,150
- Trade debts +€13,677
up €13,677 (+90.2%), from €15,164 to €28,841
- Debts after one year -€10,304
down €10,304 (-8.1%), from €127,701 to €117,397
Income statement
- Other operating charges -€5,328
down €5,328 (-77.0%), from €6,917 to €1,589
- Gross operating margin -€4,397
down €4,397 (-4.9%), from €89,436 to €85,039
- Depreciation +€2,354
up €2,354 (+22.9%), from €10,270 to €12,624
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
€52,846
Gross operating margin
-€4,397
Depreciation
-€2,354
Other operating charges
+€5,328
Financial income
-€295
Financial charges
+€14
Taxes
-€221
Result 2025
€50,921
raises the resultlowers the result
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€171,871
Investment
+€113,662
Financing
-€109,233
Cash 2024
€3,578
From operations (derived)
+€171,871
Net result for the year
+€50,921
Depreciation
+€12,624
Receivables within one year
+€21,629
Deferred charges and accrued income
-€68
Trade debts
+€13,677
Tax, wage and social debts
+€5,571
Other debts
+€67,518
Investment (derived)
+€113,662
Investment in fixed assets (net)
-€8,838
Current investments
+€122,500
Financing
-€109,233
Debts after one year
-€10,304
Current portion of long-term debt
+€142
Contributions, distributions and other
-€99,071
Cash 2025
€179,877
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €598,174 | €626,628 | +€28,453 | +4.8% |
| Fixed assets | 21/28 | €241,545 | €237,759 | -€3,786 | -1.6% |
| Tangible fixed assets | 22/27 | €241,545 | €237,059 | -€4,486 | -1.9% |
| Land and buildings | 22 | €216,427 | €210,099 | -€6,328 | -2.9% |
| Plant, machinery and equipment | 23 | - | €503 | +€503 | |
| Furniture and vehicles | 24 | €25,118 | €26,456 | +€1,338 | +5.3% |
| Financial fixed assets | 28 | - | €700 | +€700 | |
| Current assets | 29/58 | €356,629 | €388,869 | +€32,240 | +9.0% |
| Amounts receivable after more than one year | 29 | €200,000 | €200,000 | = | 0.0% |
| Other amounts receivable | 291 | €200,000 | €200,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €29,623 | €7,994 | -€21,629 | -73.0% |
| Trade receivables | 40 | €17,713 | €2,077 | -€15,635 | -88.3% |
| Other amounts receivable | 41 | €11,910 | €5,917 | -€5,993 | -50.3% |
| Current investments | 50/53 | €122,500 | €0 | -€122,500 | -100% |
| Cash at bank and in hand | 54/58 | €3,578 | €179,877 | +€176,300 | +4,928% |
| Deferred charges and accrued income | 490/1 | €929 | €997 | +€68 | +7.4% |
| Total equity and liabilities | 10/49 | €598,174 | €626,628 | +€28,453 | +4.8% |
| Equity | 10/15 | €436,478 | €388,328 | -€48,150 | -11.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €417,755 | €369,605 | -€48,150 | -11.5% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €415,895 | €367,745 | -€48,150 | -11.6% |
| Profit (loss) carried forward | 14 | €123 | €123 | = | 0.0% |
| Amounts payable | 17/49 | €161,696 | €238,299 | +€76,603 | +47.4% |
| Amounts payable after more than one year | 17 | €127,701 | €117,397 | -€10,304 | -8.1% |
| Financial debts | 170/4 | €127,701 | €117,397 | -€10,304 | -8.1% |
| Amounts payable within one year | 42/48 | €33,995 | €120,902 | +€86,908 | +256% |
| Current portion of amounts payable after more than one year | 42 | €10,162 | €10,304 | +€142 | +1.4% |
| Trade debts | 44 | €15,164 | €28,841 | +€13,677 | +90.2% |
| Suppliers | 440/4 | €15,164 | €28,841 | +€13,677 | +90.2% |
| Taxes, remuneration and social security | 45 | €8,666 | €14,236 | +€5,571 | +64.3% |
| Taxes | 450/3 | €8,666 | €14,236 | +€5,571 | +64.3% |
| Other amounts payable | 47/48 | €3 | €67,521 | +€67,518 | +2,150,246% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,270 | €12,624 | +€2,354 | +22.9% |
| Other operating charges | 640/8 | €6,917 | €1,589 | -€5,328 | -77.0% |
| Gross operating margin | 9900 | €89,436 | €85,039 | -€4,397 | -4.9% |
| Operating profit (loss) | 9901 | €72,249 | €70,827 | -€1,422 | -2.0% |
| Financial income | 75/76B | €6,571 | €6,276 | -€295 | -4.5% |
| Recurring financial income | 75 | €6,571 | €6,276 | -€295 | -4.5% |
| Financial charges | 65/66B | €2,479 | €2,465 | -€14 | -0.6% |
| Recurring financial charges | 65 | €2,479 | €2,465 | -€14 | -0.6% |
| Profit (loss) for the period before taxes | 9903 | €76,341 | €74,637 | -€1,704 | -2.2% |
| Income taxes | 67/77 | €23,495 | €23,716 | +€221 | +0.9% |
| Profit (loss) for the period | 9904 | €52,846 | €50,921 | -€1,925 | -3.6% |
| Profit (loss) for the period to be appropriated | 9905 | €52,846 | €50,921 | -€1,925 | -3.6% |
Next steps
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 7 November 2026 via checked.be.