FIT THINGS: 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 THINGS
Largest movements
- Stocks and contracts +€124,117
up €124,117 (+91.5%), from €135,574 to €259,691
- Intangible fixed assets +€123,104
up €123,104 (+53.7%), from €229,420 to €352,524
- Tangible fixed assets +€74,442
up €74,442 (+50.0%), from €148,770 to €223,213
of which Other tangible fixed assets: +€77,500
- Receivables within one year +€37,155
up €37,155 (+74.8%), from €49,705 to €86,860
of which Trade receivables: +€38,760
- Cash -€10,219
down €10,219 (-65.5%), from €15,613 to €5,394
mainly Net result for the year (-€334,533) and Investment in fixed assets (net) (-€324,258)
- Debts after one year +€600,000
up €600,000 (+100%), from €600,000 to €1.2m
of which Financial debts: +€1.2m
- Profit (loss) carried forward -€334,533
down €334,533 (-146%), from -€228,441 to -€562,974
- Trade debts +€60,355
up €60,355 (+179%), from €33,641 to €93,996
- Short-term financial debts +€10,598
new in 2025: €10,598
- Other debts +€9,574
up €9,574 (+82.9%), from €11,544 to €21,118
- Gross operating margin +€127,402
up €127,402 (+59.4%), from -€214,588 to -€87,186
- Financial income -€97,462
down €97,462 (-99.4%), from €98,050 to €587
of which Non-recurring financial income: -€98,000
- Depreciation +€79,371
up €79,371 (+168%), from €47,341 to €126,712
- Financial charges +€46,404
up €46,404 (+227%), from €20,469 to €66,873
- Staff costs +€10,358
up €10,358 (+24.0%), from €43,146 to €53,504
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 | €596,458 | €944,764 | +€348,307 | +58.4% |
| Fixed assets | 21/28 | €393,523 | €591,069 | +€197,546 | +50.2% |
| Intangible fixed assets | 21 | €229,420 | €352,524 | +€123,104 | +53.7% |
| Tangible fixed assets | 22/27 | €148,770 | €223,213 | +€74,442 | +50.0% |
| Plant, machinery and equipment | 23 | €513 | €213 | -€300 | -58.4% |
| Furniture and vehicles | 24 | €5,757 | €2,999 | -€2,758 | -47.9% |
| Other tangible fixed assets | 26 | €142,500 | €220,000 | +€77,500 | +54.4% |
| Financial fixed assets | 28 | €15,333 | €15,333 | = | 0.0% |
| Current assets | 29/58 | €202,935 | €353,695 | +€150,761 | +74.3% |
| Stocks and contracts in progress | 3 | €135,574 | €259,691 | +€124,117 | +91.5% |
| Stocks | 30/36 | €135,574 | €259,691 | +€124,117 | +91.5% |
| Amounts receivable within one year | 40/41 | €49,705 | €86,860 | +€37,155 | +74.8% |
| Trade receivables | 40 | €40,330 | €79,090 | +€38,760 | +96.1% |
| Other amounts receivable | 41 | €9,375 | €7,771 | -€1,604 | -17.1% |
| Cash at bank and in hand | 54/58 | €15,613 | €5,394 | -€10,219 | -65.5% |
| Deferred charges and accrued income | 490/1 | €2,042 | €1,750 | -€292 | -14.3% |
| Total equity and liabilities | 10/49 | €596,458 | €944,764 | +€348,307 | +58.4% |
| Equity | 10/15 | -€60,241 | -€394,774 | -€334,533 | -555% |
| Contributions | 10/11 | €162,000 | €162,000 | = | 0.0% |
| Capital | 10 | €162,000 | €162,000 | = | 0.0% |
| Issued capital | 100 | €162,000 | €162,000 | = | 0.0% |
| Reserves | 13 | €6,200 | €6,200 | = | 0.0% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€228,441 | -€562,974 | -€334,533 | -146% |
| Amounts payable | 17/49 | €656,698 | €1,339,538 | +€682,840 | +104% |
| Amounts payable after more than one year | 17 | €600,000 | €1,200,000 | +€600,000 | +100% |
| Financial debts | 170/4 | - | €1,200,000 | +€1.2m | |
| Other amounts payable | 178/9 | €600,000 | - | -€600,000 | |
| Amounts payable within one year | 42/48 | €56,698 | €139,538 | +€82,840 | +146% |
| Financial debts | 43 | - | €10,598 | +€10,598 | |
| Credit institutions | 430/8 | - | €10,598 | +€10,598 | |
| Trade debts | 44 | €33,641 | €93,996 | +€60,355 | +179% |
| Suppliers | 440/4 | €33,641 | €93,996 | +€60,355 | +179% |
| Taxes, remuneration and social security | 45 | €11,513 | €13,827 | +€2,313 | +20.1% |
| Taxes | 450/3 | €6,144 | €7,867 | +€1,723 | +28.0% |
| Remuneration and social security | 454/9 | €5,369 | €5,959 | +€590 | +11.0% |
| Other amounts payable | 47/48 | €11,544 | €21,118 | +€9,574 | +82.9% |
| Remuneration, social security and pensions | 62 | €43,146 | €53,504 | +€10,358 | +24.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €47,341 | €126,712 | +€79,371 | +168% |
| Other operating charges | 640/8 | €1,034 | €544 | -€490 | -47.4% |
| Non-recurring operating charges | 66A | €36,561 | - | -€36,561 | |
| Gross operating margin | 9900 | -€214,588 | -€87,186 | +€127,402 | +59.4% |
| Operating profit (loss) | 9901 | -€342,670 | -€267,946 | +€74,725 | +21.8% |
| Financial income | 75/76B | €98,050 | €587 | -€97,462 | -99.4% |
| Recurring financial income | 75 | €50 | €587 | +€538 | +1,078% |
| Non-recurring financial income | 76B | €98,000 | - | -€98,000 | |
| Financial charges | 65/66B | €20,469 | €66,873 | +€46,404 | +227% |
| Recurring financial charges | 65 | €20,469 | €66,873 | +€46,404 | +227% |
| Profit (loss) for the period before taxes | 9903 | -€265,089 | -€334,231 | -€69,141 | -26.1% |
| Income taxes | 67/77 | €313 | €302 | -€11 | -3.4% |
| Profit (loss) for the period | 9904 | -€265,402 | -€334,533 | -€69,131 | -26.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€265,402 | -€334,533 | -€69,131 | -26.0% |
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 30 October 2026 via checked.be.