FISSERS: 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.
FISSERS
Largest movements
- Receivables within one year +€31,815
up €31,815 (+17.4%), from €182,622 to €214,438
of which Trade receivables: +€54,631
- Tangible fixed assets -€8,334
down €8,334 (-25.9%), from €32,233 to €23,898
of which Furniture and vehicles: -€5,784
- Stocks and contracts -€6,500
down €6,500 (-50.0%), from €13,000 to €6,500
- Cash +€6,137
up €6,137 (+148%), from €4,142 to €10,279
mainly Trade debts (+€35,085) and Net result for the year (+€31,224)
- Reserves -€35,217
down €35,217 (-26.6%), from €132,525 to €97,308
of which Distributable reserves: -€35,217
- Trade debts +€35,085
up €35,085 (+72.6%), from €48,315 to €83,400
- Tax, wage and social debts +€26,315
up €26,315 (+783%), from €3,361 to €29,675
- Debts after one year -€21,593
down €21,593 (-83.4%), from €25,880 to €4,288
- Other debts +€13,500
new in 2025: €13,500
- Gross operating margin +€34,793
up €34,793 (+133%), from €26,160 to €60,953
- Write-downs +€10,036
new in 2025: €10,036
- Taxes +€8,723
up €8,723 (+176%), from €4,954 to €13,677
- Depreciation -€2,743
down €2,743 (-24.8%), from €11,078 to €8,334
- Financial income +€2,614
up €2,614 (+40.6%), from €6,441 to €9,055
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.
Derived cash bridge
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 | €235,529 | €255,964 | +€20,435 | +8.7% |
| Fixed assets | 21/28 | €33,100 | €24,066 | -€9,034 | -27.3% |
| Tangible fixed assets | 22/27 | €32,233 | €23,898 | -€8,334 | -25.9% |
| Land and buildings | 22 | €14,504 | €14,333 | -€171 | -1.2% |
| Plant, machinery and equipment | 23 | €2,380 | €0 | -€2,380 | -100% |
| Furniture and vehicles | 24 | €15,349 | €9,565 | -€5,784 | -37.7% |
| Financial fixed assets | 28 | €867 | €167 | -€700 | -80.7% |
| Current assets | 29/58 | €202,429 | €231,898 | +€29,469 | +14.6% |
| Stocks and contracts in progress | 3 | €13,000 | €6,500 | -€6,500 | -50.0% |
| Stocks | 30/36 | €13,000 | €6,500 | -€6,500 | -50.0% |
| Amounts receivable within one year | 40/41 | €182,622 | €214,438 | +€31,815 | +17.4% |
| Trade receivables | 40 | €38,287 | €92,918 | +€54,631 | +143% |
| Other amounts receivable | 41 | €144,336 | €121,520 | -€22,815 | -15.8% |
| Cash at bank and in hand | 54/58 | €4,142 | €10,279 | +€6,137 | +148% |
| Deferred charges and accrued income | 490/1 | €2,665 | €681 | -€1,983 | -74.4% |
| Total equity and liabilities | 10/49 | €235,529 | €255,964 | +€20,435 | +8.7% |
| Equity | 10/15 | €133,799 | €103,508 | -€30,290 | -22.6% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €132,525 | €97,308 | -€35,217 | -26.6% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €132,525 | €97,308 | -€35,217 | -26.6% |
| Profit (loss) carried forward | 14 | -€4,926 | €0 | +€4,926 | |
| Amounts payable | 17/49 | €101,731 | €152,456 | +€50,725 | +49.9% |
| Amounts payable after more than one year | 17 | €25,880 | €4,288 | -€21,593 | -83.4% |
| Financial debts | 170/4 | €25,880 | €4,288 | -€21,593 | -83.4% |
| Amounts payable within one year | 42/48 | €75,850 | €148,168 | +€72,318 | +95.3% |
| Current portion of amounts payable after more than one year | 42 | €24,174 | €21,593 | -€2,582 | -10.7% |
| Trade debts | 44 | €48,315 | €83,400 | +€35,085 | +72.6% |
| Suppliers | 440/4 | €48,315 | €83,400 | +€35,085 | +72.6% |
| Taxes, remuneration and social security | 45 | €3,361 | €29,675 | +€26,315 | +783% |
| Taxes | 450/3 | €3,361 | €29,675 | +€26,315 | +783% |
| Other amounts payable | 47/48 | - | €13,500 | +€13,500 | |
| Non-recurring operating income | 76A | - | €7,083 | +€7,083 | |
| Remuneration, social security and pensions | 62 | €332 | €163 | -€169 | -50.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,078 | €8,334 | -€2,743 | -24.8% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €10,036 | +€10,036 | |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | €0 | - | = | |
| Other operating charges | 640/8 | €2,833 | €4,278 | +€1,445 | +51.0% |
| Non-recurring operating charges | 66A | €556 | €0 | -€556 | -100% |
| Gross operating margin | 9900 | €26,160 | €60,953 | +€34,793 | +133% |
| Operating profit (loss) | 9901 | €11,361 | €38,142 | +€26,780 | +236% |
| Financial income | 75/76B | €6,441 | €9,055 | +€2,614 | +40.6% |
| Recurring financial income | 75 | €6,441 | €9,055 | +€2,614 | +40.6% |
| Financial charges | 65/66B | €2,571 | €2,296 | -€276 | -10.7% |
| Recurring financial charges | 65 | €2,571 | €2,296 | -€276 | -10.7% |
| Profit (loss) for the period before taxes | 9903 | €15,231 | €44,901 | +€29,670 | +195% |
| Income taxes | 67/77 | €4,954 | €13,677 | +€8,723 | +176% |
| Profit (loss) for the period | 9904 | €10,277 | €31,224 | +€20,947 | +204% |
| Profit (loss) for the period to be appropriated | 9905 | €10,277 | €31,224 | +€20,947 | +204% |
Source: filed annual accounts (NBB), financial years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 17 October 2026 via checked.be.