FIT UP: 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 UP
Largest movements
- Receivables within one year +€18,325
up €18,325 (+67.3%), from €27,245 to €45,570
- Tangible fixed assets -€13,199
down €13,199 (-12.1%), from €109,076 to €95,877
of which Land and buildings: -€11,906
- Cash +€10,036
up €10,036 (+12.5%), from €80,309 to €90,344
mainly Net result for the year (+€48,025) and Depreciation (+€33,188)
- Reserves +€48,025
up €48,025 (+68.8%), from €69,818 to €117,843
- Debts after one year -€25,983
down €25,983 (-40.5%), from €64,218 to €38,236
- Trade debts +€14,672
up €14,672 (+150%), from €9,776 to €24,448
- Accrued charges and deferred income -€11,778
down €11,778 (-74.9%), from €15,718 to €3,940
- Tax, wage and social debts -€5,103
down €5,103 (-31.5%), from €16,192 to €11,089
of which Taxes: -€6,813
- Gross operating margin +€16,615
up €16,615 (+18.5%), from €89,643 to €106,258
- Depreciation +€4,761
up €4,761 (+16.7%), from €28,426 to €33,188
- Taxes +€3,102
up €3,102 (+20.6%), from €15,027 to €18,128
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 | €219,150 | €235,033 | +€15,883 | +7.2% |
| Fixed assets | 21/28 | €109,076 | €95,877 | -€13,199 | -12.1% |
| Tangible fixed assets | 22/27 | €109,076 | €95,877 | -€13,199 | -12.1% |
| Land and buildings | 22 | €100,910 | €89,004 | -€11,906 | -11.8% |
| Plant, machinery and equipment | 23 | €7,229 | €6,648 | -€581 | -8.0% |
| Furniture and vehicles | 24 | €937 | €225 | -€712 | -76.0% |
| Current assets | 29/58 | €110,074 | €139,156 | +€29,082 | +26.4% |
| Amounts receivable within one year | 40/41 | €27,245 | €45,570 | +€18,325 | +67.3% |
| Trade receivables | 40 | €27,245 | €45,570 | +€18,325 | +67.3% |
| Cash at bank and in hand | 54/58 | €80,309 | €90,344 | +€10,036 | +12.5% |
| Deferred charges and accrued income | 490/1 | €2,521 | €3,242 | +€721 | +28.6% |
| Total equity and liabilities | 10/49 | €219,150 | €235,033 | +€15,883 | +7.2% |
| Equity | 10/15 | €74,818 | €122,843 | +€48,025 | +64.2% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €69,818 | €117,843 | +€48,025 | +68.8% |
| Distributable reserves | 133 | €69,818 | €117,843 | +€48,025 | +68.8% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €144,332 | €112,190 | -€32,143 | -22.3% |
| Amounts payable after more than one year | 17 | €64,218 | €38,236 | -€25,983 | -40.5% |
| Financial debts | 170/4 | €64,218 | €38,236 | -€25,983 | -40.5% |
| Amounts payable within one year | 42/48 | €64,396 | €70,014 | +€5,618 | +8.7% |
| Current portion of amounts payable after more than one year | 42 | €25,178 | €25,983 | +€804 | +3.2% |
| Financial debts | 43 | €89 | €312 | +€223 | +250% |
| Credit institutions | 430/8 | €89 | €312 | +€223 | +250% |
| Trade debts | 44 | €9,776 | €24,448 | +€14,672 | +150% |
| Suppliers | 440/4 | €9,776 | €24,448 | +€14,672 | +150% |
| Taxes, remuneration and social security | 45 | €16,192 | €11,089 | -€5,103 | -31.5% |
| Taxes | 450/3 | €12,145 | €5,333 | -€6,813 | -56.1% |
| Remuneration and social security | 454/9 | €4,047 | €5,757 | +€1,709 | +42.2% |
| Other amounts payable | 47/48 | €13,160 | €8,182 | -€4,978 | -37.8% |
| Accrued charges and deferred income | 492/3 | €15,718 | €3,940 | -€11,778 | -74.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €28,426 | €33,188 | +€4,761 | +16.7% |
| Other operating charges | 640/8 | €2,594 | €3,518 | +€925 | +35.6% |
| Gross operating margin | 9900 | €89,643 | €106,258 | +€16,615 | +18.5% |
| Operating profit (loss) | 9901 | €58,622 | €69,551 | +€10,929 | +18.6% |
| Financial income | 75/76B | €209 | €367 | +€158 | +75.8% |
| Recurring financial income | 75 | €209 | €367 | +€158 | +75.8% |
| Financial charges | 65/66B | €4,630 | €3,765 | -€865 | -18.7% |
| Recurring financial charges | 65 | €4,630 | €3,765 | -€865 | -18.7% |
| Profit (loss) for the period before taxes | 9903 | €54,201 | €66,154 | +€11,952 | +22.1% |
| Income taxes | 67/77 | €15,027 | €18,128 | +€3,102 | +20.6% |
| Profit (loss) for the period | 9904 | €39,174 | €48,025 | +€8,851 | +22.6% |
| Profit (loss) for the period to be appropriated | 9905 | €39,174 | €48,025 | +€8,851 | +22.6% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 18 October 2026 via checked.be.