FISKA: 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.
FISKA
Largest movements
- Stocks and contracts +€83,263
up €83,263 (+172.3%), from €48,335 to €131,598
- Tangible fixed assets +€77,017
up €77,017 (+89.2%), from €86,377 to €163,394
of which Plant, machinery and equipment: +€63,365
- Receivables within one year -€48,582
down €48,582 (-64.0%), from €75,899 to €27,316
of which Other amounts receivable: -€32,517
- Cash +€7,424
up €7,424 (+1615.5%), from €460 to €7,884
mainly Trade debts (+€73,899) and Receivables within one year (+€48,582)
- Trade debts +€73,899
up €73,899 (+193.9%), from €38,119 to €112,018
- Debts after one year +€41,343
new in 2025: €41,343
- Profit (loss) carried forward -€12,183
down €12,183 (-19.9%), from -€61,164 to -€73,348
- Current portion of long-term debt +€10,061
new in 2025: €10,061
- Tax, wage and social debts +€7,337
up €7,337 (+1244.3%), from €590 to €7,926
- Gross operating margin +€39,167
up €39,167, from -€15,728 to €23,440
- Depreciation +€4,349
up €4,349 (+21.4%), from €20,315 to €24,664
- Financial charges +€4,081
up €4,081 (+376.9%), from €1,083 to €5,163
- Other operating charges +€4,024
up €4,024 (+120.4%), from €3,342 to €7,366
- Financial income -€2,112
down €2,112 (-57.3%), from €3,683 to €1,571
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 | €222,606 | €341,728 | +€119,122 | +53.5% |
| Fixed assets | 21/28 | €97,913 | €174,930 | +€77,017 | +78.7% |
| Tangible fixed assets | 22/27 | €86,377 | €163,394 | +€77,017 | +89.2% |
| Plant, machinery and equipment | 23 | €73,114 | €136,479 | +€63,365 | +86.7% |
| Furniture and vehicles | 24 | €3,137 | €10,748 | +€7,611 | +242.6% |
| Other tangible fixed assets | 26 | €10,126 | €16,167 | +€6,041 | +59.7% |
| Financial fixed assets | 28 | €11,536 | €11,536 | = | 0.0% |
| Current assets | 29/58 | €124,694 | €166,798 | +€42,105 | +33.8% |
| Stocks and contracts in progress | 3 | €48,335 | €131,598 | +€83,263 | +172.3% |
| Stocks | 30/36 | €48,335 | €131,598 | +€83,263 | +172.3% |
| Amounts receivable within one year | 40/41 | €75,899 | €27,316 | -€48,582 | -64.0% |
| Trade receivables | 40 | €43,382 | €27,316 | -€16,065 | -37.0% |
| Other amounts receivable | 41 | €32,517 | - | -€32,517 | |
| Cash at bank and in hand | 54/58 | €460 | €7,884 | +€7,424 | +1615.5% |
| Total equity and liabilities | 10/49 | €222,606 | €341,728 | +€119,122 | +53.5% |
| Equity | 10/15 | €106,566 | €94,382 | -€12,183 | -11.4% |
| Contributions | 10/11 | €167,400 | €167,400 | = | 0.0% |
| Reserves | 13 | €330 | €330 | = | 0.0% |
| Non-distributable reserves | 130/1 | €330 | €330 | = | 0.0% |
| Reserves not available under the articles | 1311 | €330 | €330 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€61,164 | -€73,348 | -€12,183 | -19.9% |
| Amounts payable | 17/49 | €116,040 | €247,346 | +€131,305 | +113.2% |
| Amounts payable after more than one year | 17 | - | €41,343 | +€41,343 | |
| Financial debts | 170/4 | - | €41,343 | +€41,343 | |
| Amounts payable within one year | 42/48 | €116,040 | €206,002 | +€89,962 | +77.5% |
| Current portion of amounts payable after more than one year | 42 | - | €10,061 | +€10,061 | |
| Trade debts | 44 | €38,119 | €112,018 | +€73,899 | +193.9% |
| Suppliers | 440/4 | €38,119 | €112,018 | +€73,899 | +193.9% |
| Taxes, remuneration and social security | 45 | €590 | €7,926 | +€7,337 | +1244.3% |
| Taxes | 450/3 | €590 | €7,926 | +€7,337 | +1244.3% |
| Other amounts payable | 47/48 | €77,332 | €75,998 | -€1,334 | -1.7% |
| Non-recurring operating income | 76A | €17,825 | - | -€17,825 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €20,315 | €24,664 | +€4,349 | +21.4% |
| Other operating charges | 640/8 | €3,342 | €7,366 | +€4,024 | +120.4% |
| Gross operating margin | 9900 | -€15,728 | €23,440 | +€39,167 | |
| Operating profit (loss) | 9901 | -€39,384 | -€8,591 | +€30,793 | +78.2% |
| Financial income | 75/76B | €3,683 | €1,571 | -€2,112 | -57.3% |
| Recurring financial income | 75 | €3,683 | €1,571 | -€2,112 | -57.3% |
| Financial charges | 65/66B | €1,083 | €5,163 | +€4,081 | +376.9% |
| Recurring financial charges | 65 | €1,083 | €5,163 | +€4,081 | +376.9% |
| Profit (loss) for the period before taxes | 9903 | -€36,785 | -€12,183 | +€24,601 | +66.9% |
| Transfer from deferred taxes | 780 | €353 | - | -€353 | |
| Profit (loss) for the period | 9904 | -€36,432 | -€12,183 | +€24,249 | +66.6% |
| Profit (loss) for the period to be appropriated | 9905 | -€36,432 | -€12,183 | +€24,249 | +66.6% |
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 28 September 2026 via checked.be.