FIT FIVE: 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.
FIT FIVE
Largest movements
- Cash -€104,236
down €104,236 (-32.2%), from €323,380 to €219,144
mainly Investment in fixed assets (net) (-€338,079) and Debts after one year (-€153,156)
- Tangible fixed assets +€95,898
up €95,898 (+10.1%), from €947,991 to €1.0m
of which Furniture and vehicles: +€197,058
- Receivables within one year +€31,027
up €31,027 (+73.2%), from €42,405 to €73,432
of which Trade receivables: +€25,915
- Debts after one year -€153,156
down €153,156 (-43.1%), from €355,379 to €202,223
- Reserves +€150,000
up €150,000 (+95.7%), from €156,706 to €306,706
of which Distributable reserves: +€150,000
- Profit (loss) carried forward +€117,724
up €117,724 (+38.3%), from €307,009 to €424,733
- Accrued charges and deferred income -€74,372
no longer reported in 2024 (was €74,372)
- Tax, wage and social debts -€34,698
down €34,698 (-25.8%), from €134,287 to €99,589
of which Taxes: -€55,330
- Gross operating margin +€142,326
up €142,326 (+19.1%), from €746,224 to €888,551
- Staff costs +€61,861
up €61,861 (+37.8%), from €163,869 to €225,730
- Depreciation +€40,325
up €40,325 (+19.3%), from €209,419 to €249,744
- Taxes +€31,490
up €31,490 (+38.1%), from €82,613 to €114,103
- Other operating charges +€15,857
up €15,857 (+875%), from €1,813 to €17,670
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,498,178 | €1,512,388 | +€14,211 | +0.9% |
| Fixed assets | 21/28 | €963,306 | €1,051,641 | +€88,335 | +9.2% |
| Intangible fixed assets | 21 | €12,804 | €5,240 | -€7,563 | -59.1% |
| Tangible fixed assets | 22/27 | €947,991 | €1,043,889 | +€95,898 | +10.1% |
| Furniture and vehicles | 24 | €49,155 | €246,213 | +€197,058 | +401% |
| Other tangible fixed assets | 26 | €898,837 | €797,677 | -€101,160 | -11.3% |
| Financial fixed assets | 28 | €2,511 | €2,511 | = | 0.0% |
| Current assets | 29/58 | €534,872 | €460,748 | -€74,124 | -13.9% |
| Amounts receivable within one year | 40/41 | €42,405 | €73,432 | +€31,027 | +73.2% |
| Trade receivables | 40 | €42,405 | €68,320 | +€25,915 | +61.1% |
| Other amounts receivable | 41 | - | €5,111 | +€5,111 | |
| Current investments | 50/53 | €160,000 | €160,000 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €323,380 | €219,144 | -€104,236 | -32.2% |
| Deferred charges and accrued income | 490/1 | €9,087 | €8,172 | -€915 | -10.1% |
| Total equity and liabilities | 10/49 | €1,498,178 | €1,512,388 | +€14,211 | +0.9% |
| Equity | 10/15 | €586,187 | €849,417 | +€263,230 | +44.9% |
| Contributions | 10/11 | €100,000 | €100,000 | = | 0.0% |
| Capital | 10 | €100,000 | - | -€100,000 | |
| Issued capital | 100 | €100,000 | - | -€100,000 | |
| Contributions outside capital | 11 | - | €100,000 | +€100,000 | |
| Other | 1109/19 | - | €100,000 | +€100,000 | |
| Reserves | 13 | €156,706 | €306,706 | +€150,000 | +95.7% |
| Non-distributable reserves | 130/1 | €6,706 | €6,706 | = | 0.0% |
| Reserves not available under the articles | 1311 | €6,706 | €6,706 | = | 0.0% |
| Distributable reserves | 133 | €150,000 | €300,000 | +€150,000 | +100% |
| Profit (loss) carried forward | 14 | €307,009 | €424,733 | +€117,724 | +38.3% |
| Investment grants | 15 | €22,473 | €17,978 | -€4,495 | -20.0% |
| Provisions and deferred taxes | 16 | €9,440 | €7,552 | -€1,888 | -20.0% |
| Deferred taxes | 168 | €9,440 | €7,552 | -€1,888 | -20.0% |
| Amounts payable | 17/49 | €902,551 | €655,419 | -€247,132 | -27.4% |
| Amounts payable after more than one year | 17 | €355,379 | €202,223 | -€153,156 | -43.1% |
| Financial debts | 170/4 | €355,379 | €202,223 | -€153,156 | -43.1% |
| Amounts payable within one year | 42/48 | €472,800 | €453,196 | -€19,604 | -4.1% |
| Current portion of amounts payable after more than one year | 42 | €174,337 | €153,156 | -€21,181 | -12.1% |
| Trade debts | 44 | €148,380 | €167,121 | +€18,741 | +12.6% |
| Suppliers | 440/4 | €148,380 | €167,121 | +€18,741 | +12.6% |
| Advances received on contracts in progress | 46 | - | €5,048 | +€5,048 | |
| Taxes, remuneration and social security | 45 | €134,287 | €99,589 | -€34,698 | -25.8% |
| Taxes | 450/3 | €105,133 | €49,802 | -€55,330 | -52.6% |
| Remuneration and social security | 454/9 | €29,154 | €49,787 | +€20,632 | +70.8% |
| Other amounts payable | 47/48 | €15,795 | €28,282 | +€12,486 | +79.0% |
| Accrued charges and deferred income | 492/3 | €74,372 | - | -€74,372 | |
| Remuneration, social security and pensions | 62 | €163,869 | €225,730 | +€61,861 | +37.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €209,419 | €249,744 | +€40,325 | +19.3% |
| Other operating charges | 640/8 | €1,813 | €17,670 | +€15,857 | +875% |
| Gross operating margin | 9900 | €746,224 | €888,551 | +€142,326 | +19.1% |
| Operating profit (loss) | 9901 | €371,123 | €395,407 | +€24,284 | +6.5% |
| Financial income | 75/76B | €4,499 | €4,495 | -€5 | -0.1% |
| Recurring financial income | 75 | €4,499 | €4,495 | -€5 | -0.1% |
| Financial charges | 65/66B | €23,613 | €19,962 | -€3,652 | -15.5% |
| Recurring financial charges | 65 | €23,613 | €19,962 | -€3,652 | -15.5% |
| Profit (loss) for the period before taxes | 9903 | €352,009 | €379,940 | +€27,931 | +7.9% |
| Transfer from deferred taxes | 780 | €1,888 | €1,888 | = | 0.0% |
| Income taxes | 67/77 | €82,613 | €114,103 | +€31,490 | +38.1% |
| Profit (loss) for the period | 9904 | €271,284 | €267,724 | -€3,559 | -1.3% |
| Profit (loss) for the period to be appropriated | 9905 | €271,284 | €267,724 | -€3,559 | -1.3% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 13 October 2026 via checked.be.