FIETO: 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.
FIETO
Largest movements
- Cash -€14,334
down €14,334 (-22.0%), from €65,279 to €50,945
mainly Investment in fixed assets (net) (-€22,174) and Other debts (-€12,071)
- Receivables within one year -€10,059
down €10,059 (-70.8%), from €14,205 to €4,146
of which Other amounts receivable: -€9,724
- Other debts -€12,071
down €12,071 (-52.4%), from €23,030 to €10,959
- Debts after one year -€11,190
down €11,190 (-43.2%), from €25,897 to €14,707
- Reserves -€2,587
down €2,587 (-4.0%), from €64,887 to €62,300
- Gross operating margin -€6,880
down €6,880 (-10.1%), from €68,398 to €61,518
- Staff costs -€2,622
down €2,622 (-6.3%), from €41,664 to €39,042
- Depreciation -€1,468
down €1,468 (-6.6%), from €22,252 to €20,784
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.
Cash bridge derived
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 | €154,100 | €131,097 | -€23,004 | -14.9% |
| Fixed assets | 21/28 | €62,466 | €63,856 | +€1,390 | +2.2% |
| Tangible fixed assets | 22/27 | €60,066 | €61,456 | +€1,390 | +2.3% |
| Plant, machinery and equipment | 23 | €43 | - | -€43 | |
| Furniture and vehicles | 24 | €23,994 | €36,313 | +€12,319 | +51.3% |
| Leasing and similar rights | 25 | €36,030 | €25,143 | -€10,886 | -30.2% |
| Financial fixed assets | 28 | €2,400 | €2,400 | = | 0.0% |
| Current assets | 29/58 | €91,634 | €67,240 | -€24,393 | -26.6% |
| Stocks and contracts in progress | 3 | €12,150 | €12,150 | = | 0.0% |
| Stocks | 30/36 | €12,150 | €12,150 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €14,205 | €4,146 | -€10,059 | -70.8% |
| Trade receivables | 40 | €4,125 | €3,790 | -€335 | -8.1% |
| Other amounts receivable | 41 | €10,079 | €355 | -€9,724 | -96.5% |
| Cash at bank and in hand | 54/58 | €65,279 | €50,945 | -€14,334 | -22.0% |
| Total equity and liabilities | 10/49 | €154,100 | €131,097 | -€23,004 | -14.9% |
| Equity | 10/15 | €73,487 | €70,900 | -€2,587 | -3.5% |
| Contributions | 10/11 | €8,600 | €8,600 | = | 0.0% |
| Reserves | 13 | €64,887 | €62,300 | -€2,587 | -4.0% |
| Distributable reserves | 133 | €64,887 | €62,300 | -€2,587 | -4.0% |
| Amounts payable | 17/49 | €80,613 | €60,197 | -€20,417 | -25.3% |
| Amounts payable after more than one year | 17 | €25,897 | €14,707 | -€11,190 | -43.2% |
| Financial debts | 170/4 | €25,897 | €14,707 | -€11,190 | -43.2% |
| Amounts payable within one year | 42/48 | €54,716 | €45,489 | -€9,227 | -16.9% |
| Current portion of amounts payable after more than one year | 42 | €10,762 | €11,190 | +€428 | +4.0% |
| Trade debts | 44 | €6,081 | €7,331 | +€1,250 | +20.6% |
| Suppliers | 440/4 | €6,081 | €7,331 | +€1,250 | +20.6% |
| Taxes, remuneration and social security | 45 | €14,843 | €16,009 | +€1,166 | +7.9% |
| Taxes | 450/3 | €8,631 | €8,915 | +€284 | +3.3% |
| Remuneration and social security | 454/9 | €6,212 | €7,094 | +€882 | +14.2% |
| Other amounts payable | 47/48 | €23,030 | €10,959 | -€12,071 | -52.4% |
| Remuneration, social security and pensions | 62 | €41,664 | €39,042 | -€2,622 | -6.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €22,252 | €20,784 | -€1,468 | -6.6% |
| Other operating charges | 640/8 | €2,068 | €2,518 | +€450 | +21.8% |
| Gross operating margin | 9900 | €68,398 | €61,518 | -€6,880 | -10.1% |
| Operating profit (loss) | 9901 | €2,414 | -€825 | -€3,240 | |
| Financial income | 75/76B | €39 | €101 | +€62 | +156.8% |
| Recurring financial income | 75 | €39 | €101 | +€62 | +156.8% |
| Financial charges | 65/66B | €2,185 | €1,682 | -€503 | -23.0% |
| Recurring financial charges | 65 | €2,185 | €1,682 | -€503 | -23.0% |
| Profit (loss) for the period before taxes | 9903 | €268 | -€2,407 | -€2,675 | |
| Income taxes | 67/77 | €196 | €180 | -€16 | -8.2% |
| Profit (loss) for the period | 9904 | €72 | -€2,587 | -€2,659 | |
| Profit (loss) for the period to be appropriated | 9905 | €72 | -€2,587 | -€2,659 |
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 12 October 2026 via checked.be.