FSCORP: 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.
FSCORP
Largest movements
- Cash -€58,996
down €58,996 (-76.6%), from €76,978 to €17,982
mainly Other debts (-€23,880) and Receivables within one year (-€22,859)
- Receivables within one year +€22,859
up €22,859 (+105.0%), from €21,772 to €44,631
of which Trade receivables: +€21,407
- Tangible fixed assets +€1,292
new in 2025: €1,292
- Other debts -€23,880
down €23,880 (-34.2%), from €69,758 to €45,877
- Tax, wage and social debts -€7,766
down €7,766 (-41.3%), from €18,809 to €11,044
of which Taxes: -€7,766
- Profit (loss) carried forward -€2,854
no longer reported in 2025 (was €2,854)
- Gross operating margin -€5,355
down €5,355 (-16.9%), from €31,757 to €26,402
- Taxes -€1,087
down €1,087 (-15.0%), from €7,235 to €6,149
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 | €102,038 | €67,526 | -€34,512 | -33.8% |
| Fixed assets | 21/28 | - | €1,292 | +€1,292 | |
| Tangible fixed assets | 22/27 | - | €1,292 | +€1,292 | |
| Furniture and vehicles | 24 | - | €1,292 | +€1,292 | |
| Current assets | 29/58 | €102,038 | €66,234 | -€35,804 | -35.1% |
| Amounts receivable within one year | 40/41 | €21,772 | €44,631 | +€22,859 | +105.0% |
| Trade receivables | 40 | €21,407 | €42,815 | +€21,407 | +100.0% |
| Other amounts receivable | 41 | €365 | €1,816 | +€1,451 | +397.9% |
| Cash at bank and in hand | 54/58 | €76,978 | €17,982 | -€58,996 | -76.6% |
| Deferred charges and accrued income | 490/1 | €3,287 | €3,621 | +€334 | +10.1% |
| Total equity and liabilities | 10/49 | €102,038 | €67,526 | -€34,512 | -33.8% |
| Equity | 10/15 | €4,854 | €2,000 | -€2,854 | -58.8% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €2,854 | - | -€2,854 | |
| Amounts payable | 17/49 | €97,183 | €65,526 | -€31,658 | -32.6% |
| Amounts payable within one year | 42/48 | €96,964 | €65,516 | -€31,447 | -32.4% |
| Financial debts | 43 | €151 | €11 | -€140 | -92.7% |
| Credit institutions | 430/8 | €151 | €11 | -€140 | -92.7% |
| Trade debts | 44 | €8,245 | €8,584 | +€339 | +4.1% |
| Suppliers | 440/4 | €8,245 | €8,584 | +€339 | +4.1% |
| Taxes, remuneration and social security | 45 | €18,809 | €11,044 | -€7,766 | -41.3% |
| Taxes | 450/3 | €16,131 | €8,366 | -€7,766 | -48.1% |
| Remuneration and social security | 454/9 | €2,678 | €2,678 | = | 0.0% |
| Other amounts payable | 47/48 | €69,758 | €45,877 | -€23,880 | -34.2% |
| Accrued charges and deferred income | 492/3 | €220 | €9 | -€211 | -95.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €82 | +€82 | |
| Other operating charges | 640/8 | €387 | €400 | +€12 | +3.2% |
| Gross operating margin | 9900 | €31,757 | €26,402 | -€5,355 | -16.9% |
| Operating profit (loss) | 9901 | €31,369 | €25,921 | -€5,449 | -17.4% |
| Financial charges | 65/66B | €421 | €306 | -€115 | -27.3% |
| Recurring financial charges | 65 | €421 | €306 | -€115 | -27.3% |
| Profit (loss) for the period before taxes | 9903 | €30,948 | €25,615 | -€5,334 | -17.2% |
| Income taxes | 67/77 | €7,235 | €6,149 | -€1,087 | -15.0% |
| Profit (loss) for the period | 9904 | €23,713 | €19,466 | -€4,247 | -17.9% |
| Profit (loss) for the period to be appropriated | 9905 | €23,713 | €19,466 | -€4,247 | -17.9% |
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 3 October 2026 via checked.be.