FiCoCo: 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.
FiCoCo
Largest movements
- Receivables after one year -€75,000
down €75,000 (-100%), from €75,000 to €0
- Tangible fixed assets -€24,579
down €24,579 (-41.1%), from €59,805 to €35,226
of which Furniture and vehicles: -€19,279
- Receivables within one year -€18,148
down €18,148 (-25.5%), from €71,235 to €53,087
of which Trade receivables: -€19,231
- Deferred charges and accrued income -€5,694
down €5,694 (-75.8%), from €7,513 to €1,820
- Cash -€5,019
down €5,019 (-12.7%), from €39,632 to €34,613
mainly Other debts (-€84,069) and Contributions, distributions and other (-€20,798)
- Other debts -€84,069
down €84,069 (-80.3%), from €104,659 to €20,590
- Reserves -€27,989
down €27,989 (-28.6%), from €97,722 to €69,733
- Current portion of long-term debt -€10,139
down €10,139 (-91.6%), from €11,068 to €929
- Tax, wage and social debts -€4,230
down €4,230 (-40.9%), from €10,353 to €6,122
of which Taxes: -€3,489
- Gross operating margin -€21,985
down €21,985 (-52.8%), from €41,616 to €19,631
- Other operating charges -€11,262
down €11,262 (-77.2%), from €14,587 to €3,325
- Financial income +€2,378
up €2,378 (+78.0%), from €3,049 to €5,427
- Taxes -€1,399
down €1,399 (-82.9%), from €1,688 to €289
- Depreciation -€1,208
down €1,208 (-4.7%), from €25,787 to €24,579
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 | €253,612 | €125,173 | -€128,439 | -50.6% |
| Fixed assets | 21/28 | €59,805 | €35,226 | -€24,579 | -41.1% |
| Tangible fixed assets | 22/27 | €59,805 | €35,226 | -€24,579 | -41.1% |
| Plant, machinery and equipment | 23 | €2,873 | €1,125 | -€1,749 | -60.9% |
| Furniture and vehicles | 24 | €28,523 | €9,244 | -€19,279 | -67.6% |
| Other tangible fixed assets | 26 | €28,409 | €24,857 | -€3,552 | -12.5% |
| Current assets | 29/58 | €193,807 | €89,947 | -€103,860 | -53.6% |
| Amounts receivable after more than one year | 29 | €75,000 | €0 | -€75,000 | -100% |
| Trade receivables | 290 | €75,000 | €0 | -€75,000 | -100% |
| Stocks and contracts in progress | 3 | €426 | €426 | = | 0.0% |
| Stocks | 30/36 | €426 | €426 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €71,235 | €53,087 | -€18,148 | -25.5% |
| Trade receivables | 40 | €46,724 | €27,493 | -€19,231 | -41.2% |
| Other amounts receivable | 41 | €24,511 | €25,595 | +€1,083 | +4.4% |
| Cash at bank and in hand | 54/58 | €39,632 | €34,613 | -€5,019 | -12.7% |
| Deferred charges and accrued income | 490/1 | €7,513 | €1,820 | -€5,694 | -75.8% |
| Total equity and liabilities | 10/49 | €253,612 | €125,173 | -€128,439 | -50.6% |
| Equity | 10/15 | €117,722 | €89,733 | -€27,989 | -23.8% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €97,722 | €69,733 | -€27,989 | -28.6% |
| Distributable reserves | 133 | €97,722 | €69,733 | -€27,989 | -28.6% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €135,890 | €35,440 | -€100,451 | -73.9% |
| Amounts payable after more than one year | 17 | €929 | €0 | -€929 | -100% |
| Financial debts | 170/4 | €929 | €0 | -€929 | -100% |
| Amounts payable within one year | 42/48 | €132,837 | €32,470 | -€100,367 | -75.6% |
| Current portion of amounts payable after more than one year | 42 | €11,068 | €929 | -€10,139 | -91.6% |
| Financial debts | 43 | €1,546 | €1,568 | +€22 | +1.4% |
| Credit institutions | 430/8 | €1,546 | €1,568 | +€22 | +1.4% |
| Trade debts | 44 | €5,212 | €3,261 | -€1,951 | -37.4% |
| Suppliers | 440/4 | €5,212 | €3,261 | -€1,951 | -37.4% |
| Taxes, remuneration and social security | 45 | €10,353 | €6,122 | -€4,230 | -40.9% |
| Taxes | 450/3 | €5,672 | €2,183 | -€3,489 | -61.5% |
| Remuneration and social security | 454/9 | €4,680 | €3,939 | -€742 | -15.8% |
| Other amounts payable | 47/48 | €104,659 | €20,590 | -€84,069 | -80.3% |
| Accrued charges and deferred income | 492/3 | €2,124 | €2,970 | +€845 | +39.8% |
| Non-recurring operating income | 76A | €3,000 | €0 | -€3,000 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €25,787 | €24,579 | -€1,208 | -4.7% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €0 | - | = | |
| Other operating charges | 640/8 | €14,587 | €3,325 | -€11,262 | -77.2% |
| Gross operating margin | 9900 | €41,616 | €19,631 | -€21,985 | -52.8% |
| Operating profit (loss) | 9901 | €1,242 | -€8,273 | -€9,515 | |
| Financial income | 75/76B | €3,049 | €5,427 | +€2,378 | +78.0% |
| Recurring financial income | 75 | €3,049 | €5,427 | +€2,378 | +78.0% |
| Financial charges | 65/66B | €3,477 | €4,055 | +€578 | +16.6% |
| Recurring financial charges | 65 | €3,477 | €4,055 | +€578 | +16.6% |
| Profit (loss) for the period before taxes | 9903 | €814 | -€6,901 | -€7,715 | |
| Income taxes | 67/77 | €1,688 | €289 | -€1,399 | -82.9% |
| Profit (loss) for the period | 9904 | -€874 | -€7,191 | -€6,316 | -722% |
| Profit (loss) for the period to be appropriated | 9905 | -€874 | -€7,191 | -€6,316 | -722% |
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 15 October 2026 via checked.be.