MD FISCALITE: 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.
MD FISCALITE
Largest movements
- Cash +€29,604
up €29,604 (+55.5%), from €53,327 to €82,931
mainly Net result for the year (+€31,082) and Receivables within one year (+€9,371)
- Receivables within one year -€9,371
down €9,371 (-33.7%), from €27,795 to €18,424
of which Trade receivables: -€9,582
- Tangible fixed assets +€2,478
up €2,478 (+725%), from €342 to €2,820
of which Other tangible fixed assets: +€1,956
- Intangible fixed assets -€1,284
down €1,284 (-28.6%), from €4,485 to €3,201
- Profit (loss) carried forward +€31,082
up €31,082 (+53.5%), from €58,128 to €89,211
- Tax, wage and social debts -€5,869
down €5,869 (-29.7%), from €19,782 to €13,913
- Other debts -€3,715
down €3,715 (-68.0%), from €5,467 to €1,752
- Gross operating margin -€6,245
down €6,245 (-12.5%), from €50,059 to €43,813
- Taxes -€1,232
down €1,232 (-11.4%), from €10,817 to €9,585
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 | €86,562 | €107,375 | +€20,814 | +24.0% |
| Fixed assets | 21/28 | €4,827 | €6,021 | +€1,194 | +24.7% |
| Intangible fixed assets | 21 | €4,485 | €3,201 | -€1,284 | -28.6% |
| Tangible fixed assets | 22/27 | €342 | €2,820 | +€2,478 | +725% |
| Furniture and vehicles | 24 | €342 | €863 | +€522 | +153% |
| Other tangible fixed assets | 26 | - | €1,956 | +€1,956 | |
| Current assets | 29/58 | €81,735 | €101,354 | +€19,620 | +24.0% |
| Amounts receivable within one year | 40/41 | €27,795 | €18,424 | -€9,371 | -33.7% |
| Trade receivables | 40 | €27,783 | €18,201 | -€9,582 | -34.5% |
| Other amounts receivable | 41 | €13 | €223 | +€210 | +1,670% |
| Cash at bank and in hand | 54/58 | €53,327 | €82,931 | +€29,604 | +55.5% |
| Deferred charges and accrued income | 490/1 | €613 | - | -€613 | |
| Total equity and liabilities | 10/49 | €86,562 | €107,375 | +€20,814 | +24.0% |
| Equity | 10/15 | €60,628 | €91,711 | +€31,082 | +51.3% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €58,128 | €89,211 | +€31,082 | +53.5% |
| Amounts payable | 17/49 | €25,934 | €15,665 | -€10,269 | -39.6% |
| Amounts payable within one year | 42/48 | €25,934 | €15,665 | -€10,269 | -39.6% |
| Trade debts | 44 | €685 | - | -€685 | |
| Suppliers | 440/4 | €685 | - | -€685 | |
| Taxes, remuneration and social security | 45 | €19,782 | €13,913 | -€5,869 | -29.7% |
| Taxes | 450/3 | €19,782 | €13,913 | -€5,869 | -29.7% |
| Other amounts payable | 47/48 | €5,467 | €1,752 | -€3,715 | -68.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,525 | €1,645 | +€120 | +7.8% |
| Other operating charges | 640/8 | €582 | €569 | -€13 | -2.2% |
| Gross operating margin | 9900 | €50,059 | €43,813 | -€6,245 | -12.5% |
| Operating profit (loss) | 9901 | €47,952 | €41,599 | -€6,352 | -13.2% |
| Financial income | 75/76B | - | €48 | +€48 | |
| Recurring financial income | 75 | - | €48 | +€48 | |
| Financial charges | 65/66B | €1,365 | €979 | -€385 | -28.2% |
| Recurring financial charges | 65 | €1,365 | €979 | -€385 | -28.2% |
| Profit (loss) for the period before taxes | 9903 | €46,587 | €40,668 | -€5,919 | -12.7% |
| Income taxes | 67/77 | €10,817 | €9,585 | -€1,232 | -11.4% |
| Profit (loss) for the period | 9904 | €35,770 | €31,082 | -€4,688 | -13.1% |
| Profit (loss) for the period to be appropriated | 9905 | €35,770 | €31,082 | -€4,688 | -13.1% |
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.