FISERCO: 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.
FISERCO
Largest movements
- Receivables within one year +€53,834
up €53,834 (+20.0%), from €269,630 to €323,464
of which Trade receivables: +€57,941
- Tangible fixed assets +€7,549
up €7,549 (+136.7%), from €5,523 to €13,072
- Reserves +€27,824
up €27,824 (+87.5%), from €31,790 to €59,613
of which Distributable reserves: +€27,824
- Tax, wage and social debts +€23,338
up €23,338 (+26.7%), from €87,516 to €110,854
of which Remuneration and social security: +€13,585
- Other debts +€17,831
up €17,831 (+245.4%), from €7,267 to €25,098
- Advances received -€10,000
no longer reported in 2023 (was €10,000)
- Debts after one year +€5,032
up €5,032 (+58.9%), from €8,540 to €13,572
- Staff costs +€75,294
up €75,294 (+112.8%), from €66,734 to €142,027
- Gross operating margin +€72,235
up €72,235 (+55.3%), from €130,551 to €202,787
- Depreciation +€5,525
up €5,525 (+440.0%), from €1,256 to €6,781
- Financial charges -€5,205
down €5,205 (-39.4%), from €13,212 to €8,007
- Other operating charges +€2,629
up €2,629 (+41.4%), from €6,358 to €8,987
From the 2022 result to the 2023 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
A cash bridge needs two consecutive fiscal years: one year's result and depreciation cannot explain a change over several years. Pick two years that follow each other.
Every line side by side
| Line | Code | 2022 | 2023 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €424,375 | €490,325 | +€65,950 | +15.5% |
| Fixed assets | 21/28 | €8,446 | €15,995 | +€7,549 | +89.4% |
| Tangible fixed assets | 22/27 | €5,523 | €13,072 | +€7,549 | +136.7% |
| Furniture and vehicles | 24 | €5,523 | €13,072 | +€7,549 | +136.7% |
| Financial fixed assets | 28 | €2,923 | €2,923 | = | 0.0% |
| Current assets | 29/58 | €415,929 | €474,330 | +€58,401 | +14.0% |
| Amounts receivable after more than one year | 29 | €133,402 | €133,402 | = | 0.0% |
| Trade receivables | 290 | €132,903 | €132,903 | = | 0.0% |
| Other amounts receivable | 291 | €499 | €499 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €269,630 | €323,464 | +€53,834 | +20.0% |
| Trade receivables | 40 | €265,478 | €323,419 | +€57,941 | +21.8% |
| Other amounts receivable | 41 | €4,152 | €45 | -€4,107 | -98.9% |
| Cash at bank and in hand | 54/58 | €4,583 | €5,900 | +€1,317 | +28.7% |
| Deferred charges and accrued income | 490/1 | €8,314 | €11,564 | +€3,250 | +39.1% |
| Total equity and liabilities | 10/49 | €424,375 | €490,325 | +€65,950 | +15.5% |
| Equity | 10/15 | €272,568 | €300,391 | +€27,824 | +10.2% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €31,790 | €59,613 | +€27,824 | +87.5% |
| 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 | €29,930 | €57,753 | +€27,824 | +93.0% |
| Profit (loss) carried forward | 14 | €222,178 | €222,178 | = | 0.0% |
| Amounts payable | 17/49 | €151,807 | €189,933 | +€38,126 | +25.1% |
| Amounts payable after more than one year | 17 | €8,540 | €13,572 | +€5,032 | +58.9% |
| Financial debts | 170/4 | €8,540 | €13,572 | +€5,032 | +58.9% |
| Amounts payable within one year | 42/48 | €142,218 | €176,361 | +€34,144 | +24.0% |
| Current portion of amounts payable after more than one year | 42 | €7,226 | €8,335 | +€1,109 | +15.3% |
| Financial debts | 43 | €25,004 | €28,651 | +€3,647 | +14.6% |
| Credit institutions | 430/8 | €25,004 | €28,651 | +€3,647 | +14.6% |
| Trade debts | 44 | €5,206 | €3,425 | -€1,781 | -34.2% |
| Suppliers | 440/4 | €5,206 | €3,425 | -€1,781 | -34.2% |
| Advances received on contracts in progress | 46 | €10,000 | - | -€10,000 | |
| Taxes, remuneration and social security | 45 | €87,516 | €110,854 | +€23,338 | +26.7% |
| Taxes | 450/3 | €70,718 | €80,471 | +€9,753 | +13.8% |
| Remuneration and social security | 454/9 | €16,798 | €30,383 | +€13,585 | +80.9% |
| Other amounts payable | 47/48 | €7,267 | €25,098 | +€17,831 | +245.4% |
| Accrued charges and deferred income | 492/3 | €1,050 | - | -€1,050 | |
| Remuneration, social security and pensions | 62 | €66,734 | €142,027 | +€75,294 | +112.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,256 | €6,781 | +€5,525 | +440.0% |
| Other operating charges | 640/8 | €6,358 | €8,987 | +€2,629 | +41.4% |
| Gross operating margin | 9900 | €130,551 | €202,787 | +€72,235 | +55.3% |
| Operating profit (loss) | 9901 | €56,204 | €44,991 | -€11,213 | -20.0% |
| Financial income | 75/76B | €3,621 | €5,481 | +€1,860 | +51.4% |
| Recurring financial income | 75 | €3,621 | €5,481 | +€1,860 | +51.4% |
| Financial charges | 65/66B | €13,212 | €8,007 | -€5,205 | -39.4% |
| Recurring financial charges | 65 | €13,212 | €8,007 | -€5,205 | -39.4% |
| Profit (loss) for the period before taxes | 9903 | €46,613 | €42,465 | -€4,148 | -8.9% |
| Income taxes | 67/77 | €16,683 | €14,642 | -€2,042 | -12.2% |
| Profit (loss) for the period | 9904 | €29,930 | €27,824 | -€2,106 | -7.0% |
| Profit (loss) for the period to be appropriated | 9905 | €29,930 | €27,824 | -€2,106 | -7.0% |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2022 and 31 December 2023. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 1 October 2026 via checked.be.