FIZZ - UP: 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.
FIZZ - UP
Largest movements
- Cash +€31,402
up €31,402 (+44.2%), from €71,028 to €102,430
mainly Receivables within one year (+€23,706) and Other debts (+€18,987)
- Receivables within one year -€23,706
down €23,706 (-30.5%), from €77,661 to €53,956
of which Other amounts receivable: -€15,894
- Tangible fixed assets -€15,729
down €15,729 (-49.8%), from €31,586 to €15,857
of which Furniture and vehicles: -€11,205
- Financial fixed assets +€7,766
up €7,766 (+388%), from €2,000 to €9,766
- Stocks and contracts -€4,615
down €4,615 (-14.8%), from €31,191 to €26,576
- Reserves -€24,500
down €24,500 (-29.5%), from €83,000 to €58,500
- Other debts +€18,987
up €18,987 (+60.7%), from €31,285 to €50,272
- Tax, wage and social debts +€7,332
up €7,332 (+40.9%), from €17,907 to €25,239
of which Taxes: +€3,897
- Trade debts -€5,035
down €5,035 (-9.5%), from €53,013 to €47,978
- Current portion of long-term debt -€2,872
down €2,872 (-52.9%), from €5,432 to €2,560
- Staff costs +€23,394
up €23,394 (+27.1%), from €86,208 to €109,602
- Taxes -€5,949
down €5,949 (-43.9%), from €13,540 to €7,591
- Financial income -€3,227
down €3,227 (-75.2%), from €4,292 to €1,065
- Other operating charges +€1,948
up €1,948 (+108%), from €1,803 to €3,751
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 | €215,529 | €209,590 | -€5,939 | -2.8% |
| Fixed assets | 21/28 | €33,586 | €25,623 | -€7,964 | -23.7% |
| Tangible fixed assets | 22/27 | €31,586 | €15,857 | -€15,729 | -49.8% |
| Plant, machinery and equipment | 23 | €11,796 | €7,271 | -€4,525 | -38.4% |
| Furniture and vehicles | 24 | €19,791 | €8,586 | -€11,205 | -56.6% |
| Financial fixed assets | 28 | €2,000 | €9,766 | +€7,766 | +388% |
| Current assets | 29/58 | €181,943 | €183,968 | +€2,025 | +1.1% |
| Stocks and contracts in progress | 3 | €31,191 | €26,576 | -€4,615 | -14.8% |
| Stocks | 30/36 | €31,191 | €26,576 | -€4,615 | -14.8% |
| Amounts receivable within one year | 40/41 | €77,661 | €53,956 | -€23,706 | -30.5% |
| Trade receivables | 40 | €54,480 | €46,669 | -€7,811 | -14.3% |
| Other amounts receivable | 41 | €23,181 | €7,287 | -€15,894 | -68.6% |
| Cash at bank and in hand | 54/58 | €71,028 | €102,430 | +€31,402 | +44.2% |
| Deferred charges and accrued income | 490/1 | €2,063 | €1,006 | -€1,057 | -51.2% |
| Total equity and liabilities | 10/49 | €215,529 | €209,590 | -€5,939 | -2.8% |
| Equity | 10/15 | €107,894 | €83,542 | -€24,352 | -22.6% |
| Contributions | 10/11 | €20,460 | €20,460 | = | 0.0% |
| Reserves | 13 | €83,000 | €58,500 | -€24,500 | -29.5% |
| Distributable reserves | 133 | €83,000 | €58,500 | -€24,500 | -29.5% |
| Profit (loss) carried forward | 14 | €4,434 | €4,582 | +€148 | +3.3% |
| Amounts payable | 17/49 | €107,635 | €126,048 | +€18,413 | +17.1% |
| Amounts payable within one year | 42/48 | €107,635 | €126,048 | +€18,413 | +17.1% |
| Current portion of amounts payable after more than one year | 42 | €5,432 | €2,560 | -€2,872 | -52.9% |
| Trade debts | 44 | €53,013 | €47,978 | -€5,035 | -9.5% |
| Suppliers | 440/4 | €53,013 | €47,978 | -€5,035 | -9.5% |
| Taxes, remuneration and social security | 45 | €17,907 | €25,239 | +€7,332 | +40.9% |
| Taxes | 450/3 | €14,484 | €18,381 | +€3,897 | +26.9% |
| Remuneration and social security | 454/9 | €3,423 | €6,858 | +€3,435 | +100% |
| Other amounts payable | 47/48 | €31,285 | €50,272 | +€18,987 | +60.7% |
| Remuneration, social security and pensions | 62 | €86,208 | €109,602 | +€23,394 | +27.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €17,343 | €15,729 | -€1,614 | -9.3% |
| Other operating charges | 640/8 | €1,803 | €3,751 | +€1,948 | +108% |
| Gross operating margin | 9900 | €163,140 | €162,564 | -€576 | -0.4% |
| Operating profit (loss) | 9901 | €57,786 | €33,483 | -€24,303 | -42.1% |
| Financial income | 75/76B | €4,292 | €1,065 | -€3,227 | -75.2% |
| Recurring financial income | 75 | €4,292 | €1,065 | -€3,227 | -75.2% |
| Financial charges | 65/66B | €8,365 | €8,308 | -€57 | -0.7% |
| Recurring financial charges | 65 | €8,365 | €8,308 | -€57 | -0.7% |
| Profit (loss) for the period before taxes | 9903 | €53,713 | €26,239 | -€27,474 | -51.1% |
| Income taxes | 67/77 | €13,540 | €7,591 | -€5,949 | -43.9% |
| Profit (loss) for the period | 9904 | €40,173 | €18,648 | -€21,525 | -53.6% |
| Profit (loss) for the period to be appropriated | 9905 | €40,173 | €18,648 | -€21,525 | -53.6% |
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 24 October 2026 via checked.be.