FISKEBAR: 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.
FISKEBAR
Largest movements
- Financial fixed assets -€205,000
down €205,000 (-82.0%), from €250,151 to €45,151
- Receivables within one year +€164,164
up €164,164 (+88.6%), from €185,338 to €349,502
of which Other amounts receivable: +€122,028
- Cash -€67,936
down €67,936 (-51.1%), from €132,845 to €64,909
mainly Contributions, distributions and other (-€324,573) and Other debts (-€322,472)
- Tangible fixed assets +€42,021
up €42,021 (+9.0%), from €465,492 to €507,512
of which Land and buildings: +€55,840
- Deferred charges and accrued income -€23,993
no longer reported in 2025 (was €23,993)
- Debts after one year +€461,744
up €461,744 (+726.7%), from €63,543 to €525,287
- Other debts -€322,472
no longer reported in 2025 (was €322,472)
- Reserves -€227,873
down €227,873 (-50.2%), from €453,548 to €225,676
of which Distributable reserves: -€227,873
- Trade debts -€78,793
down €78,793 (-39.5%), from €199,500 to €120,708
- Tax, wage and social debts +€28,896
up €28,896 (+47.8%), from €60,481 to €89,377
- Gross operating margin +€158,956
up €158,956 (+19.2%), from €829,981 to €988,938
- Staff costs +€88,934
up €88,934 (+14.1%), from €630,561 to €719,494
- Financial charges +€28,377
up €28,377 (+134.5%), from €21,096 to €49,472
- Depreciation +€24,105
up €24,105 (+33.7%), from €71,471 to €95,576
- Taxes -€21,832
down €21,832, from €21,278 to -€555
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 | €1,109,544 | €994,178 | -€115,366 | -10.4% |
| Fixed assets | 21/28 | €724,499 | €555,765 | -€168,733 | -23.3% |
| Intangible fixed assets | 21 | €8,856 | €3,102 | -€5,754 | -65.0% |
| Tangible fixed assets | 22/27 | €465,492 | €507,512 | +€42,021 | +9.0% |
| Land and buildings | 22 | €251,842 | €307,682 | +€55,840 | +22.2% |
| Plant, machinery and equipment | 23 | €128,570 | €110,984 | -€17,586 | -13.7% |
| Furniture and vehicles | 24 | €85,079 | €88,846 | +€3,767 | +4.4% |
| Financial fixed assets | 28 | €250,151 | €45,151 | -€205,000 | -82.0% |
| Current assets | 29/58 | €385,045 | €438,412 | +€53,367 | +13.9% |
| Stocks and contracts in progress | 3 | €42,869 | €24,001 | -€18,868 | -44.0% |
| Stocks | 30/36 | €42,869 | €24,001 | -€18,868 | -44.0% |
| Amounts receivable within one year | 40/41 | €185,338 | €349,502 | +€164,164 | +88.6% |
| Trade receivables | 40 | €19,010 | €61,146 | +€42,136 | +221.7% |
| Other amounts receivable | 41 | €166,328 | €288,356 | +€122,028 | +73.4% |
| Cash at bank and in hand | 54/58 | €132,845 | €64,909 | -€67,936 | -51.1% |
| Deferred charges and accrued income | 490/1 | €23,993 | - | -€23,993 | |
| Total equity and liabilities | 10/49 | €1,109,544 | €994,178 | -€115,366 | -10.4% |
| Equity | 10/15 | €463,548 | €235,676 | -€227,873 | -49.2% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Reserves | 13 | €453,548 | €225,676 | -€227,873 | -50.2% |
| Non-distributable reserves | 130/1 | €3,000 | €3,000 | = | 0.0% |
| Reserves not available under the articles | 1311 | €3,000 | €3,000 | = | 0.0% |
| Distributable reserves | 133 | €450,548 | €222,676 | -€227,873 | -50.6% |
| Amounts payable | 17/49 | €645,996 | €758,502 | +€112,506 | +17.4% |
| Amounts payable after more than one year | 17 | €63,543 | €525,287 | +€461,744 | +726.7% |
| Financial debts | 170/4 | €63,543 | €525,287 | +€461,744 | +726.7% |
| Amounts payable within one year | 42/48 | €582,452 | €217,130 | -€365,322 | -62.7% |
| Current portion of amounts payable after more than one year | 42 | - | €7,046 | +€7,046 | |
| Trade debts | 44 | €199,500 | €120,708 | -€78,793 | -39.5% |
| Suppliers | 440/4 | €199,500 | €120,708 | -€78,793 | -39.5% |
| Taxes, remuneration and social security | 45 | €60,481 | €89,377 | +€28,896 | +47.8% |
| Taxes | 450/3 | €60,481 | €89,377 | +€28,896 | +47.8% |
| Other amounts payable | 47/48 | €322,472 | - | -€322,472 | |
| Accrued charges and deferred income | 492/3 | - | €16,085 | +€16,085 | |
| Remuneration, social security and pensions | 62 | €630,561 | €719,494 | +€88,934 | +14.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €71,471 | €95,576 | +€24,105 | +33.7% |
| Other operating charges | 640/8 | €28,582 | €21,980 | -€6,603 | -23.1% |
| Non-recurring operating charges | 66A | - | €6,349 | +€6,349 | |
| Gross operating margin | 9900 | €829,981 | €988,938 | +€158,956 | +19.2% |
| Operating profit (loss) | 9901 | €99,367 | €145,538 | +€46,171 | +46.5% |
| Financial income | 75/76B | €2 | €80 | +€77 | +3202.5% |
| Recurring financial income | 75 | €2 | €80 | +€77 | +3202.5% |
| Financial charges | 65/66B | €21,096 | €49,472 | +€28,377 | +134.5% |
| Recurring financial charges | 65 | €21,096 | €49,472 | +€28,377 | +134.5% |
| Profit (loss) for the period before taxes | 9903 | €78,274 | €96,146 | +€17,872 | +22.8% |
| Income taxes | 67/77 | €21,278 | -€555 | -€21,832 | |
| Profit (loss) for the period | 9904 | €56,996 | €96,701 | +€39,704 | +69.7% |
| Profit (loss) for the period to be appropriated | 9905 | €56,996 | €96,701 | +€39,704 | +69.7% |
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 4 October 2026 via checked.be.