LA FISCALE: what changed
LA FISCALE
Largest movements
- Current investments -€50,000
no longer reported in 2025 (was €50,000)
- Cash -€32,787
down €32,787 (-42.8%), from €76,630 to €43,844
mainly Other debts (-€97,284) and Contributions, distributions and other (-€50,971)
- Tangible fixed assets -€21,103
down €21,103 (-28.2%), from €74,750 to €53,648
of which Furniture and vehicles: -€16,342
- Receivables within one year -€12,657
down €12,657 (-49.4%), from €25,600 to €12,943
- Other debts -€97,284
down €97,284 (-89.3%), from €108,994 to €11,710
- Debts after one year -€15,787
down €15,787 (-74.4%), from €21,216 to €5,429
- Tax, wage and social debts -€4,843
down €4,843 (-22.6%), from €21,475 to €16,632
of which Taxes: -€6,050
- Gross operating margin -€25,192
down €25,192 (-15.8%), from €159,688 to €134,496
- Taxes -€4,189
down €4,189 (-14.5%), from €28,823 to €24,633
- Depreciation -€1,731
down €1,731 (-7.3%), from €23,834 to €22,103
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €231,503 | €114,373 | -€117,131 | -50.6% |
| Fixed assets | 21/28 | €77,511 | €55,415 | -€22,096 | -28.5% |
| Intangible fixed assets | 21 | €1,000 | - | -€1,000 | |
| Tangible fixed assets | 22/27 | €74,750 | €53,648 | -€21,103 | -28.2% |
| Furniture and vehicles | 24 | €47,976 | €31,634 | -€16,342 | -34.1% |
| Other tangible fixed assets | 26 | €26,775 | €22,014 | -€4,761 | -17.8% |
| Financial fixed assets | 28 | €1,761 | €1,767 | +€7 | +0.4% |
| Current assets | 29/58 | €153,993 | €58,958 | -€95,035 | -61.7% |
| Amounts receivable within one year | 40/41 | €25,600 | €12,943 | -€12,657 | -49.4% |
| Trade receivables | 40 | €25,600 | €12,943 | -€12,657 | -49.4% |
| Current investments | 50/53 | €50,000 | - | -€50,000 | |
| Cash at bank and in hand | 54/58 | €76,630 | €43,844 | -€32,787 | -42.8% |
| Deferred charges and accrued income | 490/1 | €1,762 | €2,171 | +€409 | +23.2% |
| Total equity and liabilities | 10/49 | €231,503 | €114,373 | -€117,131 | -50.6% |
| Equity | 10/15 | €62,200 | €62,200 | = | 0.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €43,600 | €43,600 | = | 0.0% |
| Distributable reserves | 133 | €43,600 | €43,600 | = | 0.0% |
| Amounts payable | 17/49 | €169,303 | €52,173 | -€117,131 | -69.2% |
| Amounts payable after more than one year | 17 | €21,216 | €5,429 | -€15,787 | -74.4% |
| Financial debts | 170/4 | €21,216 | €5,429 | -€15,787 | -74.4% |
| Amounts payable within one year | 42/48 | €148,088 | €46,744 | -€101,344 | -68.4% |
| Current portion of amounts payable after more than one year | 42 | €15,064 | €15,787 | +€723 | +4.8% |
| Trade debts | 44 | €2,554 | €2,615 | +€61 | +2.4% |
| Suppliers | 440/4 | €2,554 | €2,615 | +€61 | +2.4% |
| Taxes, remuneration and social security | 45 | €21,475 | €16,632 | -€4,843 | -22.6% |
| Taxes | 450/3 | €17,300 | €11,250 | -€6,050 | -35.0% |
| Remuneration and social security | 454/9 | €4,175 | €5,382 | +€1,207 | +28.9% |
| Other amounts payable | 47/48 | €108,994 | €11,710 | -€97,284 | -89.3% |
| Remuneration, social security and pensions | 62 | €31,319 | €30,069 | -€1,250 | -4.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €23,834 | €22,103 | -€1,731 | -7.3% |
| Other operating charges | 640/8 | €5,156 | €5,337 | +€181 | +3.5% |
| Gross operating margin | 9900 | €159,688 | €134,496 | -€25,192 | -15.8% |
| Operating profit (loss) | 9901 | €99,379 | €76,988 | -€22,391 | -22.5% |
| Financial income | 75/76B | €744 | €1,466 | +€722 | +97.2% |
| Recurring financial income | 75 | €744 | €1,466 | +€722 | +97.2% |
| Financial charges | 65/66B | €2,808 | €2,850 | +€42 | +1.5% |
| Recurring financial charges | 65 | €2,808 | €2,850 | +€42 | +1.5% |
| Profit (loss) for the period before taxes | 9903 | €97,315 | €75,604 | -€21,710 | -22.3% |
| Income taxes | 67/77 | €28,823 | €24,633 | -€4,189 | -14.5% |
| Profit (loss) for the period | 9904 | €68,492 | €50,971 | -€17,521 | -25.6% |
| Profit (loss) for the period to be appropriated | 9905 | €68,492 | €50,971 | -€17,521 | -25.6% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 5 November 2026 via checked.be.