K-FISC: 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.
K-FISC
Largest movements
- Current investments -€300,000
no longer reported in 2025 (was €300,000)
- Cash +€222,967
up €222,967 (+35.3%), from €630,845 to €853,812
mainly Current investments (+€300,000) and Net result for the year (+€249,760)
- Receivables after one year +€200,133
up €200,133 (+66.8%), from €299,600 to €499,733
- Reserves +€189,260
up €189,260 (+14.5%), from €1.3m to €1.5m
- Other debts -€40,790
down €40,790 (-61.9%), from €65,885 to €25,095
- Tax, wage and social debts -€30,734
down €30,734 (-51.3%), from €59,903 to €29,170
- Gross operating margin -€242,241
down €242,241 (-40.2%), from €602,844 to €360,604
- Financial income -€68,068
down €68,068 (-81.1%), from €83,961 to €15,893
- Taxes +€6,052
up €6,052 (+5.7%), from €105,417 to €111,469
From the 31-12-2024 result to the 31-12-2025 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 31-12-2024 and 31-12-2025 balance sheets and the 31-12-2025 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 31-12-2024 | 31-12-2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,555,902 | €1,672,961 | +€117,060 | +7.5% |
| Fixed assets | 21/28 | €34,410 | €20,512 | -€13,898 | -40.4% |
| Tangible fixed assets | 22/27 | €34,410 | €20,512 | -€13,898 | -40.4% |
| Plant, machinery and equipment | 23 | €2,439 | €1,615 | -€824 | -33.8% |
| Furniture and vehicles | 24 | €31,971 | €18,897 | -€13,074 | -40.9% |
| Current assets | 29/58 | €1,521,492 | €1,652,449 | +€130,958 | +8.6% |
| Amounts receivable after more than one year | 29 | €299,600 | €499,733 | +€200,133 | +66.8% |
| Other amounts receivable | 291 | €299,600 | €499,733 | +€200,133 | +66.8% |
| Amounts receivable within one year | 40/41 | €291,047 | €295,367 | +€4,320 | +1.5% |
| Trade receivables | 40 | €18,986 | €18,150 | -€836 | -4.4% |
| Other amounts receivable | 41 | €272,061 | €277,217 | +€5,156 | +1.9% |
| Current investments | 50/53 | €300,000 | - | -€300,000 | |
| Cash at bank and in hand | 54/58 | €630,845 | €853,812 | +€222,967 | +35.3% |
| Deferred charges and accrued income | 490/1 | - | €3,537 | +€3,537 | |
| Total equity and liabilities | 10/49 | €1,555,902 | €1,672,961 | +€117,060 | +7.5% |
| Equity | 10/15 | €1,426,742 | €1,615,562 | +€188,820 | +13.2% |
| Contributions | 10/11 | €117,850 | €117,850 | = | 0.0% |
| Reserves | 13 | €1,308,445 | €1,497,705 | +€189,260 | +14.5% |
| Distributable reserves | 133 | €1,308,445 | €1,497,705 | +€189,260 | +14.5% |
| Profit (loss) carried forward | 14 | €447 | €7 | -€440 | -98.4% |
| Amounts payable | 17/49 | €129,160 | €57,399 | -€71,761 | -55.6% |
| Amounts payable within one year | 42/48 | €128,401 | €57,399 | -€71,002 | -55.3% |
| Trade debts | 44 | €2,613 | €3,135 | +€522 | +20.0% |
| Suppliers | 440/4 | €2,613 | €3,135 | +€522 | +20.0% |
| Taxes, remuneration and social security | 45 | €59,903 | €29,170 | -€30,734 | -51.3% |
| Taxes | 450/3 | €59,903 | €29,170 | -€30,734 | -51.3% |
| Other amounts payable | 47/48 | €65,885 | €25,095 | -€40,790 | -61.9% |
| Accrued charges and deferred income | 492/3 | €759 | - | -€759 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,709 | €13,898 | +€189 | +1.4% |
| Other operating charges | 640/8 | €1,258 | €1,293 | +€35 | +2.7% |
| Gross operating margin | 9900 | €602,844 | €360,604 | -€242,241 | -40.2% |
| Operating profit (loss) | 9901 | €587,878 | €345,413 | -€242,465 | -41.2% |
| Financial income | 75/76B | €83,961 | €15,893 | -€68,068 | -81.1% |
| Recurring financial income | 75 | €83,961 | €15,893 | -€68,068 | -81.1% |
| Financial charges | 65/66B | €203 | €77 | -€126 | -62.1% |
| Recurring financial charges | 65 | €203 | €77 | -€126 | -62.1% |
| Profit (loss) for the period before taxes | 9903 | €671,635 | €361,229 | -€310,407 | -46.2% |
| Income taxes | 67/77 | €105,417 | €111,469 | +€6,052 | +5.7% |
| Profit (loss) for the period | 9904 | €566,219 | €249,760 | -€316,459 | -55.9% |
| Profit (loss) for the period to be appropriated | 9905 | €566,219 | €249,760 | -€316,459 | -55.9% |
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 26 October 2026 via checked.be.