Fit - Connect: what changed
What changed
Fit - Connect
NACE 43.320, Joinery installation
filed annual accounts (NBB)
Net result for the year
-€24,906
2024 · €11,793-€36,699
Equity
€154,601
2024 · €329,507-€174,906
Cash
€165,459
2024 · €167,705-€2,246
Balance sheet total
€430,301
2024 · €570,768-€140,466
Largest movements
Assets
- Receivables within one year -€122,428
down €122,428 (-38.1%), from €321,472 to €199,044
of which Trade receivables: -€108,983
- Tangible fixed assets -€20,687
down €20,687 (-28.2%), from €73,232 to €52,545
of which Furniture and vehicles: -€15,640
- Deferred charges and accrued income +€6,369
up €6,369, from €0 to €6,369
Equity and liabilities
- Reserves -€174,906
down €174,906 (-53.3%), from €328,307 to €153,401
- Other debts +€129,741
up €129,741 (+549%), from €23,624 to €153,365
- Tax, wage and social debts -€47,887
down €47,887 (-71.7%), from €66,755 to €18,868
of which Taxes: -€54,137
- Trade debts -€42,992
down €42,992 (-29.4%), from €146,459 to €103,467
Income statement
- Staff costs +€22,725
up €22,725 (+503%), from €4,519 to €27,245
- Gross operating margin -€18,742
down €18,742 (-36.8%), from €50,947 to €32,204
- Taxes -€6,182
down €6,182 (-63.1%), from €9,794 to €3,611
- Financial charges +€4,518
up €4,518 (+584%), from €774 to €5,293
- Depreciation -€2,441
down €2,441 (-14.5%), from €16,821 to €14,380
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
€11,793
Gross operating margin
-€18,742
Staff costs
-€22,725
Depreciation
+€2,441
Other operating charges
+€429
Financial income
+€234
Financial charges
-€4,518
Taxes
+€6,182
Result 2025
-€24,906
raises the resultlowers the result
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€144,142
Investment
+€7,782
Financing
-€154,170
Cash 2024
€167,705
From operations (derived)
+€144,142
Net result for the year
-€24,906
Depreciation
+€14,380
Receivables within one year
+€122,428
Deferred charges and accrued income
-€6,369
Trade debts
-€42,992
Tax, wage and social debts
-€47,887
Other debts
+€129,741
Accrued charges and deferred income
-€252
Investment (derived)
+€7,782
Investment in fixed assets (net)
+€7,782
Financing
-€154,170
Current portion of long-term debt
-€4,170
Contributions, distributions and other
-€150,000
Cash 2025
€165,459
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €570,768 | €430,301 | -€140,466 | -24.6% |
| Fixed assets | 21/28 | €81,591 | €59,429 | -€22,162 | -27.2% |
| Intangible fixed assets | 21 | €3,559 | €2,084 | -€1,475 | -41.4% |
| Tangible fixed assets | 22/27 | €73,232 | €52,545 | -€20,687 | -28.2% |
| Plant, machinery and equipment | 23 | €4,840 | €3,238 | -€1,602 | -33.1% |
| Furniture and vehicles | 24 | €39,872 | €24,232 | -€15,640 | -39.2% |
| Other tangible fixed assets | 26 | €28,520 | €25,075 | -€3,445 | -12.1% |
| Financial fixed assets | 28 | €4,800 | €4,800 | = | 0.0% |
| Current assets | 29/58 | €489,177 | €370,872 | -€118,305 | -24.2% |
| Amounts receivable within one year | 40/41 | €321,472 | €199,044 | -€122,428 | -38.1% |
| Trade receivables | 40 | €294,338 | €185,355 | -€108,983 | -37.0% |
| Other amounts receivable | 41 | €27,134 | €13,689 | -€13,445 | -49.6% |
| Cash at bank and in hand | 54/58 | €167,705 | €165,459 | -€2,246 | -1.3% |
| Deferred charges and accrued income | 490/1 | €0 | €6,369 | +€6,369 | |
| Total equity and liabilities | 10/49 | €570,768 | €430,301 | -€140,466 | -24.6% |
| Equity | 10/15 | €329,507 | €154,601 | -€174,906 | -53.1% |
| Contributions | 10/11 | €1,200 | €1,200 | = | 0.0% |
| Reserves | 13 | €328,307 | €153,401 | -€174,906 | -53.3% |
| Distributable reserves | 133 | €328,307 | €153,401 | -€174,906 | -53.3% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €241,260 | €275,700 | +€34,440 | +14.3% |
| Amounts payable after more than one year | 17 | €0 | - | = | |
| Financial debts | 170/4 | €0 | - | = | |
| Amounts payable within one year | 42/48 | €241,008 | €275,700 | +€34,692 | +14.4% |
| Current portion of amounts payable after more than one year | 42 | €4,170 | €0 | -€4,170 | -100% |
| Trade debts | 44 | €146,459 | €103,467 | -€42,992 | -29.4% |
| Suppliers | 440/4 | €146,459 | €103,467 | -€42,992 | -29.4% |
| Taxes, remuneration and social security | 45 | €66,755 | €18,868 | -€47,887 | -71.7% |
| Taxes | 450/3 | €63,930 | €9,794 | -€54,137 | -84.7% |
| Remuneration and social security | 454/9 | €2,825 | €9,075 | +€6,250 | +221% |
| Other amounts payable | 47/48 | €23,624 | €153,365 | +€129,741 | +549% |
| Accrued charges and deferred income | 492/3 | €252 | €0 | -€252 | -100% |
| Remuneration, social security and pensions | 62 | €4,519 | €27,245 | +€22,725 | +503% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €16,821 | €14,380 | -€2,441 | -14.5% |
| Other operating charges | 640/8 | €7,731 | €7,301 | -€429 | -5.6% |
| Gross operating margin | 9900 | €50,947 | €32,204 | -€18,742 | -36.8% |
| Operating profit (loss) | 9901 | €21,876 | -€16,721 | -€38,597 | |
| Financial income | 75/76B | €485 | €719 | +€234 | +48.3% |
| Recurring financial income | 75 | €485 | €719 | +€234 | +48.3% |
| Financial charges | 65/66B | €774 | €5,293 | +€4,518 | +584% |
| Recurring financial charges | 65 | €774 | €5,293 | +€4,518 | +584% |
| Profit (loss) for the period before taxes | 9903 | €21,587 | -€21,295 | -€42,881 | |
| Income taxes | 67/77 | €9,794 | €3,611 | -€6,182 | -63.1% |
| Profit (loss) for the period | 9904 | €11,793 | -€24,906 | -€36,699 | |
| Profit (loss) for the period to be appropriated | 9905 | €11,793 | -€24,906 | -€36,699 |
Next steps
Work out how much credit to give this customer and on what payment terms.Credit check Check what to know before you do business with this company.Supplier due diligence Check whether you can accept this company as a client under the anti-money-laundering law.AML client file Compare this company with its sector.Sector benchmark
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 4 November 2026 via checked.be.