FISHER: 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.
FISHER
Largest movements
- Stocks and contracts +€60,030
up €60,030 (+26.9%), from €223,000 to €283,030
- Intangible fixed assets -€23,273
down €23,273 (-50.0%), from €46,546 to €23,273
- Receivables within one year -€13,317
down €13,317 (-7.8%), from €170,905 to €157,588
of which Trade receivables: -€12,442
- Other debts +€124,271
up €124,271 (+16.6%), from €747,762 to €872,033
- Profit (loss) carried forward -€101,105
down €101,105 (-12.7%), from -€796,139 to -€897,244
- Trade debts +€34,335
up €34,335 (+98.9%), from €34,731 to €69,066
- Debts after one year -€32,019
down €32,019 (-7.5%), from €429,259 to €397,239
- Gross operating margin -€54,956
down €54,956 (-705.0%), from -€7,795 to -€62,751
- Staff costs -€24,822
down €24,822 (-95.6%), from €25,968 to €1,146
- Turnover -€19,621
down €19,621 (-30.6%), from €64,073 to €44,452
- Purchases and services +€16,193
up €16,193 (+17.4%), from €93,255 to €109,449
- Taxes +€4,774
up €4,774, from -€4,423 to €351
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 | €442,149 | €466,511 | +€24,362 | +5.5% |
| Fixed assets | 21/28 | €48,207 | €24,707 | -€23,501 | -48.7% |
| Intangible fixed assets | 21 | €46,546 | €23,273 | -€23,273 | -50.0% |
| Tangible fixed assets | 22/27 | €1,099 | €871 | -€228 | -20.7% |
| Plant, machinery and equipment | 23 | €1,099 | €871 | -€228 | -20.7% |
| Financial fixed assets | 28 | €563 | €563 | = | 0.0% |
| Current assets | 29/58 | €393,942 | €441,804 | +€47,862 | +12.1% |
| Stocks and contracts in progress | 3 | €223,000 | €283,030 | +€60,030 | +26.9% |
| Stocks | 30/36 | €223,000 | €283,030 | +€60,030 | +26.9% |
| Amounts receivable within one year | 40/41 | €170,905 | €157,588 | -€13,317 | -7.8% |
| Trade receivables | 40 | €169,681 | €157,240 | -€12,442 | -7.3% |
| Other amounts receivable | 41 | €1,224 | €348 | -€875 | -71.5% |
| Cash at bank and in hand | 54/58 | €37 | €1,186 | +€1,149 | +3106.4% |
| Total equity and liabilities | 10/49 | €442,149 | €466,511 | +€24,362 | +5.5% |
| Equity | 10/15 | -€770,721 | -€871,827 | -€101,105 | -13.1% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €6,817 | €6,817 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,859 | €1,859 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,859 | €1,859 | = | 0.0% |
| Distributable reserves | 133 | €4,958 | €4,958 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€796,139 | -€897,244 | -€101,105 | -12.7% |
| Amounts payable | 17/49 | €1,212,871 | €1,338,338 | +€125,467 | +10.3% |
| Amounts payable after more than one year | 17 | €429,259 | €397,239 | -€32,019 | -7.5% |
| Financial debts | 170/4 | €429,259 | €397,239 | -€32,019 | -7.5% |
| Amounts payable within one year | 42/48 | €783,612 | €941,098 | +€157,486 | +20.1% |
| Trade debts | 44 | €34,731 | €69,066 | +€34,335 | +98.9% |
| Suppliers | 440/4 | €34,731 | €69,066 | +€34,335 | +98.9% |
| Taxes, remuneration and social security | 45 | €1,119 | - | -€1,119 | |
| Remuneration and social security | 454/9 | €1,119 | - | -€1,119 | |
| Other amounts payable | 47/48 | €747,762 | €872,033 | +€124,271 | +16.6% |
| Turnover | 70 | €64,073 | €44,452 | -€19,621 | -30.6% |
| Non-recurring operating income | 76A | €15,965 | €2,245 | -€13,721 | -85.9% |
| Goods, raw materials, services and sundry goods | 60/61 | €93,255 | €109,449 | +€16,193 | +17.4% |
| Remuneration, social security and pensions | 62 | €25,968 | €1,146 | -€24,822 | -95.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €25,425 | €23,501 | -€1,924 | -7.6% |
| Other operating charges | 640/8 | €2,094 | €61 | -€2,032 | -97.1% |
| Non-recurring operating charges | 66A | €0 | €0 | -€0 | -83.3% |
| Gross operating margin | 9900 | -€7,795 | -€62,751 | -€54,956 | -705.0% |
| Operating profit (loss) | 9901 | -€61,281 | -€87,458 | -€26,177 | -42.7% |
| Financial income | 75/76B | €20 | €79 | +€59 | +304.4% |
| Recurring financial income | 75 | €20 | €79 | +€59 | +304.4% |
| Financial charges | 65/66B | €14,532 | €13,375 | -€1,158 | -8.0% |
| Recurring financial charges | 65 | €14,532 | €13,375 | -€1,158 | -8.0% |
| Profit (loss) for the period before taxes | 9903 | -€75,794 | -€100,754 | -€24,960 | -32.9% |
| Income taxes | 67/77 | -€4,423 | €351 | +€4,774 | |
| Profit (loss) for the period | 9904 | -€71,371 | -€101,105 | -€29,734 | -41.7% |
| Profit (loss) for the period to be appropriated | 9905 | -€71,371 | -€101,105 | -€29,734 | -41.7% |
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 12 October 2026 via checked.be.