FISHCALL: what changed
Two financial 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.
FISHCALL
Largest movements
- Cash +€60,614
up €60,614 (+50.1%), from €120,944 to €181,559
mainly Net result for the year (+€49,682) and Receivables within one year (+€16,183)
- Receivables within one year -€16,183
down €16,183 (-100.0%), from €16,183 to €0
of which Trade receivables: -€11,183
- Stocks and contracts -€2,349
down €2,349 (-10.0%), from €23,404 to €21,055
- Reserves +€49,682
up €49,682 (+44.5%), from €111,637 to €161,319
- Tax, wage and social debts -€3,655
down €3,655 (-14.0%), from €26,179 to €22,524
of which Taxes: -€1,917
- Trade debts -€2,134
down €2,134 (-7.8%), from €27,465 to €25,330
- Gross operating margin -€82,947
down €82,947 (-44.9%), from €184,620 to €101,673
- Taxes -€16,590
down €16,590 (-49.4%), from €33,601 to €17,011
- Staff costs -€15,930
down €15,930 (-32.5%), from €49,075 to €33,145
- Financial charges -€2,002
down €2,002 (-71.0%), from €2,818 to €817
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 | €168,032 | €210,424 | +€42,392 | +25.2% |
| Fixed assets | 21/28 | €7,500 | €7,810 | +€310 | +4.1% |
| Tangible fixed assets | 22/27 | - | €237 | +€237 | |
| Other tangible fixed assets | 26 | - | €237 | +€237 | |
| Financial fixed assets | 28 | €7,500 | €7,573 | +€73 | +1.0% |
| Current assets | 29/58 | €160,532 | €202,614 | +€42,082 | +26.2% |
| Stocks and contracts in progress | 3 | €23,404 | €21,055 | -€2,349 | -10.0% |
| Stocks | 30/36 | €23,404 | €21,055 | -€2,349 | -10.0% |
| Amounts receivable within one year | 40/41 | €16,183 | €0 | -€16,183 | -100.0% |
| Trade receivables | 40 | €11,183 | €0 | -€11,183 | -100.0% |
| Other amounts receivable | 41 | €5,000 | €0 | -€5,000 | -100.0% |
| Cash at bank and in hand | 54/58 | €120,944 | €181,559 | +€60,614 | +50.1% |
| Deferred charges and accrued income | 490/1 | €0 | - | = | |
| Total equity and liabilities | 10/49 | €168,032 | €210,424 | +€42,392 | +25.2% |
| Equity | 10/15 | €112,887 | €162,569 | +€49,682 | +44.0% |
| Contributions | 10/11 | €1,250 | €1,250 | = | 0.0% |
| Reserves | 13 | €111,637 | €161,319 | +€49,682 | +44.5% |
| Distributable reserves | 133 | €111,637 | €161,319 | +€49,682 | +44.5% |
| Amounts payable | 17/49 | €55,144 | €47,855 | -€7,290 | -13.2% |
| Amounts payable within one year | 42/48 | €53,644 | €47,855 | -€5,789 | -10.8% |
| Trade debts | 44 | €27,465 | €25,330 | -€2,134 | -7.8% |
| Suppliers | 440/4 | €27,465 | €25,330 | -€2,134 | -7.8% |
| Taxes, remuneration and social security | 45 | €26,179 | €22,524 | -€3,655 | -14.0% |
| Taxes | 450/3 | €19,454 | €17,537 | -€1,917 | -9.9% |
| Remuneration and social security | 454/9 | €6,725 | €4,988 | -€1,737 | -25.8% |
| Accrued charges and deferred income | 492/3 | €1,501 | €0 | -€1,501 | -100.0% |
| Remuneration, social security and pensions | 62 | €49,075 | €33,145 | -€15,930 | -32.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €19 | +€19 | |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €487 | €0 | -€487 | -100.0% |
| Other operating charges | 640/8 | €3,990 | €2,386 | -€1,605 | -40.2% |
| Gross operating margin | 9900 | €184,620 | €101,673 | -€82,947 | -44.9% |
| Operating profit (loss) | 9901 | €131,067 | €66,123 | -€64,944 | -49.6% |
| Financial income | 75/76B | €349 | €1,387 | +€1,037 | +297.1% |
| Recurring financial income | 75 | €349 | €1,387 | +€1,037 | +297.1% |
| Financial charges | 65/66B | €2,818 | €817 | -€2,002 | -71.0% |
| Recurring financial charges | 65 | €2,818 | €817 | -€2,002 | -71.0% |
| Profit (loss) for the period before taxes | 9903 | €128,598 | €66,693 | -€61,905 | -48.1% |
| Income taxes | 67/77 | €33,601 | €17,011 | -€16,590 | -49.4% |
| Profit (loss) for the period | 9904 | €94,997 | €49,682 | -€45,315 | -47.7% |
| Profit (loss) for the period to be appropriated | 9905 | €94,997 | €49,682 | -€45,315 | -47.7% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 11 October 2026 via checked.be.