Fishway: 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.
Fishway
Largest movements
- Receivables within one year +€710,927
up €710,927 (+635.4%), from €111,890 to €822,817
of which Other amounts receivable: +€709,758
- Intangible fixed assets +€419,067
up €419,067 (+39.8%), from €1.1m to €1.5m
- Cash +€283,728
up €283,728 (+758.9%), from €37,385 to €321,112
mainly Debts after one year (+€1.8m) and Depreciation (+€427,050)
- Deferred charges and accrued income -€52,217
down €52,217 (-56.0%), from €93,288 to €41,071
- Financial fixed assets +€35,370
new in 2025: €35,370
- Debts after one year +€1.8m
up €1.8m (+4627.9%), from €38,164 to €1.8m
- Profit (loss) carried forward -€634,717
down €634,717 (-44.5%), from -€1.4m to -€2.1m
- Contributions +€259,830
up €259,830 (+9.4%), from €2.8m to €3.0m
- Other debts -€50,000
down €50,000 (-100.0%), from €50,000 to €0
- Accrued charges and deferred income +€34,948
new in 2025: €34,948
- Gross operating margin +€466,121
up €466,121, from -€53,037 to €413,084
- Depreciation +€164,587
up €164,587 (+62.7%), from €262,462 to €427,050
- Financial charges +€36,839
up €36,839 (+467.9%), from €7,874 to €44,713
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 | €1,615,604 | €2,985,718 | +€1.4m | +84.8% |
| Fixed assets | 21/28 | €1,373,041 | €1,800,717 | +€427,675 | +31.1% |
| Intangible fixed assets | 21 | €1,052,230 | €1,471,297 | +€419,067 | +39.8% |
| Tangible fixed assets | 22/27 | €320,811 | €294,049 | -€26,762 | -8.3% |
| Plant, machinery and equipment | 23 | €206,918 | €208,640 | +€1,722 | +0.8% |
| Furniture and vehicles | 24 | €1,575 | €396 | -€1,179 | -74.9% |
| Leasing and similar rights | 25 | €112,319 | €85,014 | -€27,305 | -24.3% |
| Financial fixed assets | 28 | - | €35,370 | +€35,370 | |
| Current assets | 29/58 | €242,563 | €1,185,001 | +€942,438 | +388.5% |
| Amounts receivable within one year | 40/41 | €111,890 | €822,817 | +€710,927 | +635.4% |
| Trade receivables | 40 | €1,094 | €2,263 | +€1,169 | +106.8% |
| Other amounts receivable | 41 | €110,795 | €820,554 | +€709,758 | +640.6% |
| Cash at bank and in hand | 54/58 | €37,385 | €321,112 | +€283,728 | +758.9% |
| Deferred charges and accrued income | 490/1 | €93,288 | €41,071 | -€52,217 | -56.0% |
| Total equity and liabilities | 10/49 | €1,615,604 | €2,985,718 | +€1.4m | +84.8% |
| Equity | 10/15 | €1,332,626 | €957,739 | -€374,887 | -28.1% |
| Contributions | 10/11 | €2,758,536 | €3,018,366 | +€259,830 | +9.4% |
| Profit (loss) carried forward | 14 | -€1,425,910 | -€2,060,627 | -€634,717 | -44.5% |
| Amounts payable | 17/49 | €282,978 | €2,027,978 | +€1.7m | +616.7% |
| Amounts payable after more than one year | 17 | €38,164 | €1,804,372 | +€1.8m | +4627.9% |
| Financial debts | 170/4 | €38,164 | €1,804,372 | +€1.8m | +4627.9% |
| Amounts payable within one year | 42/48 | €244,813 | €188,659 | -€56,155 | -22.9% |
| Current portion of amounts payable after more than one year | 42 | €32,205 | €33,896 | +€1,691 | +5.2% |
| Financial debts | 43 | €2,120 | €3,450 | +€1,330 | +62.7% |
| Credit institutions | 430/8 | €2,120 | €3,450 | +€1,330 | +62.7% |
| Trade debts | 44 | €95,320 | €85,638 | -€9,682 | -10.2% |
| Suppliers | 440/4 | €95,320 | €85,638 | -€9,682 | -10.2% |
| Taxes, remuneration and social security | 45 | €65,168 | €65,674 | +€506 | +0.8% |
| Taxes | 450/3 | €320 | €330 | +€10 | +3.1% |
| Remuneration and social security | 454/9 | €64,848 | €65,344 | +€496 | +0.8% |
| Other amounts payable | 47/48 | €50,000 | €0 | -€50,000 | -100.0% |
| Accrued charges and deferred income | 492/3 | - | €34,948 | +€34,948 | |
| Remuneration, social security and pensions | 62 | €600,133 | €603,209 | +€3,076 | +0.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €262,462 | €427,050 | +€164,587 | +62.7% |
| Other operating charges | 640/8 | €1,360 | €2,071 | +€711 | +52.3% |
| Gross operating margin | 9900 | -€53,037 | €413,084 | +€466,121 | |
| Operating profit (loss) | 9901 | -€916,992 | -€619,246 | +€297,746 | +32.5% |
| Financial income | 75/76B | €10 | €2,369 | +€2,359 | +23757.4% |
| Recurring financial income | 75 | €10 | €2,369 | +€2,359 | +23757.4% |
| Financial charges | 65/66B | €7,874 | €44,713 | +€36,839 | +467.9% |
| Recurring financial charges | 65 | €7,874 | €44,713 | +€36,839 | +467.9% |
| Profit (loss) for the period before taxes | 9903 | -€924,856 | -€661,589 | +€263,267 | +28.5% |
| Income taxes | 67/77 | -€30,282 | -€26,872 | +€3,410 | +11.3% |
| Profit (loss) for the period | 9904 | -€894,574 | -€634,717 | +€259,857 | +29.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€894,574 | -€634,717 | +€259,857 | +29.0% |
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 8 October 2026 via checked.be.