FITAX: 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.
FITAX
Largest movements
- Tangible fixed assets +€109,000
new in 2025: €109,000
- Cash -€45,547
down €45,547 (-98.8%), from €46,081 to €534
mainly Investment in fixed assets (net) (-€119,081) and Tax, wage and social debts (-€5,749)
- Receivables within one year -€34,277
down €34,277 (-70.3%), from €48,777 to €14,500
of which Trade receivables: -€26,030
- Reserves +€19,298
up €19,298 (+27.7%), from €69,644 to €88,941
- Other debts +€15,077
new in 2025: €15,077
- Tax, wage and social debts -€5,749
down €5,749 (-25.4%), from €22,592 to €16,843
- Depreciation +€10,081
new in 2025: €10,081
- Gross operating margin -€4,361
down €4,361 (-10.6%), from €41,243 to €36,882
- Taxes -€3,294
down €3,294 (-37.8%), from €8,714 to €5,420
- Other operating charges +€1,876
up €1,876 (+1,589%), from €118 to €1,994
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 | €94,858 | €124,035 | +€29,176 | +30.8% |
| Fixed assets | 21/28 | - | €109,000 | +€109,000 | |
| Tangible fixed assets | 22/27 | - | €109,000 | +€109,000 | |
| Land and buildings | 22 | - | €109,000 | +€109,000 | |
| Current assets | 29/58 | €94,858 | €15,034 | -€79,824 | -84.2% |
| Amounts receivable within one year | 40/41 | €48,777 | €14,500 | -€34,277 | -70.3% |
| Trade receivables | 40 | €40,530 | €14,500 | -€26,030 | -64.2% |
| Other amounts receivable | 41 | €8,247 | - | -€8,247 | |
| Cash at bank and in hand | 54/58 | €46,081 | €534 | -€45,547 | -98.8% |
| Total equity and liabilities | 10/49 | €94,858 | €124,035 | +€29,176 | +30.8% |
| Equity | 10/15 | €72,144 | €91,441 | +€19,298 | +26.7% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Reserves | 13 | €69,644 | €88,941 | +€19,298 | +27.7% |
| Distributable reserves | 133 | €69,644 | €88,941 | +€19,298 | +27.7% |
| Amounts payable | 17/49 | €22,715 | €32,593 | +€9,879 | +43.5% |
| Amounts payable within one year | 42/48 | €22,715 | €32,593 | +€9,879 | +43.5% |
| Trade debts | 44 | €123 | €673 | +€550 | +448% |
| Suppliers | 440/4 | €123 | €673 | +€550 | +448% |
| Taxes, remuneration and social security | 45 | €22,592 | €16,843 | -€5,749 | -25.4% |
| Taxes | 450/3 | €22,592 | €16,843 | -€5,749 | -25.4% |
| Other amounts payable | 47/48 | - | €15,077 | +€15,077 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €10,081 | +€10,081 | |
| Other operating charges | 640/8 | €118 | €1,994 | +€1,876 | +1,589% |
| Gross operating margin | 9900 | €41,243 | €36,882 | -€4,361 | -10.6% |
| Operating profit (loss) | 9901 | €41,125 | €24,807 | -€16,317 | -39.7% |
| Financial charges | 65/66B | €93 | €90 | -€3 | -3.2% |
| Recurring financial charges | 65 | €93 | €90 | -€3 | -3.2% |
| Profit (loss) for the period before taxes | 9903 | €41,032 | €24,717 | -€16,314 | -39.8% |
| Income taxes | 67/77 | €8,714 | €5,420 | -€3,294 | -37.8% |
| Profit (loss) for the period | 9904 | €32,318 | €19,298 | -€13,020 | -40.3% |
| Profit (loss) for the period to be appropriated | 9905 | €32,318 | €19,298 | -€13,020 | -40.3% |
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 14 October 2026 via checked.be.