DR. FATTIZZO: what changed
DR. FATTIZZO
Largest movements
- Current investments -€73,049
down €73,049 (-45.3%), from €161,233 to €88,185
- Cash +€66,816
up €66,816 (+93.5%), from €71,456 to €138,272
mainly Current investments (+€73,049) and Net result for the year (+€34,250)
- Tangible fixed assets -€16,913
down €16,913 (-10.0%), from €169,915 to €153,002
- Receivables within one year -€9,244
no longer reported in 2026 (was €9,244)
of which Other amounts receivable: -€7,500
- Other debts -€28,367
down €28,367 (-31.7%), from €89,355 to €60,988
- Reserves -€10,228
down €10,228 (-3.3%), from €310,068 to €299,841
- Tax, wage and social debts +€8,003
up €8,003 (+2,917%), from €274 to €8,278
- Gross operating margin +€52,374
up €52,374 (+317%), from €16,500 to €68,874
- Taxes +€15,067
up €15,067 (+675%), from €2,233 to €17,300
- Depreciation +€5,722
up €5,722 (+46.2%), from €12,381 to €18,103
Change in the result, 2025 to 2026
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 2025 and 2026 balance sheets and the 2026 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 | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €419,259 | €389,484 | -€29,774 | -7.1% |
| Fixed assets | 21/28 | €169,915 | €153,002 | -€16,913 | -10.0% |
| Tangible fixed assets | 22/27 | €169,915 | €153,002 | -€16,913 | -10.0% |
| Land and buildings | 22 | €135,609 | €130,000 | -€5,609 | -4.1% |
| Plant, machinery and equipment | 23 | €4,477 | €2,567 | -€1,911 | -42.7% |
| Furniture and vehicles | 24 | €23,732 | €15,308 | -€8,424 | -35.5% |
| Other tangible fixed assets | 26 | €6,097 | €5,127 | -€970 | -15.9% |
| Current assets | 29/58 | €249,343 | €236,482 | -€12,861 | -5.2% |
| Amounts receivable within one year | 40/41 | €9,244 | - | -€9,244 | |
| Trade receivables | 40 | €1,744 | - | -€1,744 | |
| Other amounts receivable | 41 | €7,500 | - | -€7,500 | |
| Current investments | 50/53 | €161,233 | €88,185 | -€73,049 | -45.3% |
| Cash at bank and in hand | 54/58 | €71,456 | €138,272 | +€66,816 | +93.5% |
| Deferred charges and accrued income | 490/1 | €7,410 | €10,025 | +€2,616 | +35.3% |
| Total equity and liabilities | 10/49 | €419,259 | €389,484 | -€29,774 | -7.1% |
| Equity | 10/15 | €328,668 | €318,441 | -€10,228 | -3.1% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €310,068 | €299,841 | -€10,228 | -3.3% |
| Distributable reserves | 133 | €310,068 | €299,841 | -€10,228 | -3.3% |
| Amounts payable | 17/49 | €90,590 | €71,044 | -€19,546 | -21.6% |
| Amounts payable within one year | 42/48 | €90,590 | €71,044 | -€19,546 | -21.6% |
| Trade debts | 44 | €961 | €1,778 | +€817 | +85.0% |
| Suppliers | 440/4 | €961 | €1,778 | +€817 | +85.0% |
| Taxes, remuneration and social security | 45 | €274 | €8,278 | +€8,003 | +2,917% |
| Taxes | 450/3 | €274 | €8,278 | +€8,003 | +2,917% |
| Other amounts payable | 47/48 | €89,355 | €60,988 | -€28,367 | -31.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,381 | €18,103 | +€5,722 | +46.2% |
| Other operating charges | 640/8 | €1,388 | €1,481 | +€93 | +6.7% |
| Gross operating margin | 9900 | €16,500 | €68,874 | +€52,374 | +317% |
| Operating profit (loss) | 9901 | €2,731 | €49,290 | +€46,559 | +1,705% |
| Financial income | 75/76B | €3,273 | €3,333 | +€59 | +1.8% |
| Recurring financial income | 75 | €3,273 | €3,333 | +€59 | +1.8% |
| Financial charges | 65/66B | €636 | €1,071 | +€436 | +68.5% |
| Recurring financial charges | 65 | €636 | €1,071 | +€436 | +68.5% |
| Profit (loss) for the period before taxes | 9903 | €5,369 | €51,551 | +€46,182 | +860% |
| Income taxes | 67/77 | €2,233 | €17,300 | +€15,067 | +675% |
| Profit (loss) for the period | 9904 | €3,135 | €34,250 | +€31,115 | +992% |
| Profit (loss) for the period to be appropriated | 9905 | €3,135 | €34,250 | +€31,115 | +992% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 March 2025 and 31 March 2026. Green is a favourable move for that line, red an unfavourable one. Prepared on 4 November 2026 via checked.be.