FISCABO: 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.
FISCABO
Largest movements
- Tangible fixed assets +€346,748
up €346,748 (+390%), from €88,952 to €435,700
- Financial fixed assets +€231,316
up €231,316 (+130%), from €177,921 to €409,237
- Cash +€71,818
up €71,818 (+300%), from €23,914 to €95,732
mainly Contributions, distributions and other (+€400,000) and Net result for the year (+€243,547)
- Contributions +€400,000
up €400,000 (+364%), from €109,894 to €509,894
- Reserves +€243,547
up €243,547 (+131%), from €185,671 to €429,219
- Financial income +€338,401
up €338,401 (+12,727%), from €2,659 to €341,060
of which Non-recurring financial income: +€334,803
- Taxes +€89,561
up €89,561 (+39,218%), from €228 to €89,790
- Financial charges -€42,598
down €42,598 (-98.8%), from €43,106 to €509
of which Non-recurring financial charges: -€42,633
- Gross operating margin -€7,930
down €7,930, from €2,772 to -€5,158
- Depreciation -€4,469
no longer reported in 2025 (was €4,469)
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 | €291,403 | €940,669 | +€649,266 | +223% |
| Fixed assets | 21/28 | €266,873 | €844,937 | +€578,065 | +217% |
| Tangible fixed assets | 22/27 | €88,952 | €435,700 | +€346,748 | +390% |
| Land and buildings | 22 | €88,952 | €435,700 | +€346,748 | +390% |
| Financial fixed assets | 28 | €177,921 | €409,237 | +€231,316 | +130% |
| Current assets | 29/58 | €24,531 | €95,732 | +€71,201 | +290% |
| Amounts receivable within one year | 40/41 | €616 | - | -€616 | |
| Trade receivables | 40 | €1 | - | -€1 | |
| Other amounts receivable | 41 | €616 | - | -€616 | |
| Cash at bank and in hand | 54/58 | €23,914 | €95,732 | +€71,818 | +300% |
| Total equity and liabilities | 10/49 | €291,403 | €940,669 | +€649,266 | +223% |
| Equity | 10/15 | €291,094 | €934,642 | +€643,547 | +221% |
| Contributions | 10/11 | €109,894 | €509,894 | +€400,000 | +364% |
| Reserves | 13 | €185,671 | €429,219 | +€243,547 | +131% |
| Distributable reserves | 133 | €185,671 | €429,219 | +€243,547 | +131% |
| Profit (loss) carried forward | 14 | -€4,471 | -€4,471 | = | 0.0% |
| Amounts payable | 17/49 | €309 | €6,027 | +€5,719 | +1,852% |
| Amounts payable within one year | 42/48 | €254 | €5,972 | +€5,719 | +2,254% |
| Trade debts | 44 | €57 | - | -€57 | |
| Suppliers | 440/4 | €57 | - | -€57 | |
| Taxes, remuneration and social security | 45 | €196 | €5,972 | +€5,776 | +2,941% |
| Taxes | 450/3 | €196 | €5,972 | +€5,776 | +2,941% |
| Accrued charges and deferred income | 492/3 | €55 | €55 | = | 0.0% |
| Non-recurring operating income | 76A | - | €334,803 | +€334,803 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,469 | - | -€4,469 | |
| Other operating charges | 640/8 | €1,909 | €2,057 | +€148 | +7.8% |
| Gross operating margin | 9900 | €2,772 | -€5,158 | -€7,930 | |
| Operating profit (loss) | 9901 | -€3,606 | -€7,214 | -€3,608 | -100% |
| Financial income | 75/76B | €2,659 | €341,060 | +€338,401 | +12,727% |
| Recurring financial income | 75 | €2,659 | €6,256 | +€3,598 | +135% |
| Non-recurring financial income | 76B | - | €334,803 | +€334,803 | |
| Financial charges | 65/66B | €43,106 | €509 | -€42,598 | -98.8% |
| Recurring financial charges | 65 | €113 | €149 | +€36 | +31.6% |
| Non-recurring financial charges | 66B | €42,993 | €360 | -€42,633 | -99.2% |
| Profit (loss) for the period before taxes | 9903 | -€44,053 | €333,337 | +€377,390 | |
| Income taxes | 67/77 | €228 | €89,790 | +€89,561 | +39,218% |
| Profit (loss) for the period | 9904 | -€44,282 | €243,547 | +€287,829 | |
| Profit (loss) for the period to be appropriated | 9905 | -€44,282 | €243,547 | +€287,829 |
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 20 October 2026 via checked.be.