FITCLASS VEURNE: 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.
FITCLASS VEURNE
Largest movements
- Tangible fixed assets -€7,826
down €7,826 (-10.2%), from €76,592 to €68,766
of which Plant, machinery and equipment: -€4,281
- Cash -€2,896
down €2,896 (-69.4%), from €4,172 to €1,276
mainly Other debts (-€8,430) and Trade debts (-€2,829)
- Receivables within one year -€2,454
down €2,454 (-12.1%), from €20,356 to €17,902
of which Other amounts receivable: -€1,570
- Stocks and contracts +€1,280
up €1,280 (+47.1%), from €2,719 to €3,999
- Other debts -€8,430
down €8,430 (-100%), from €8,430 to €0
- Trade debts -€2,829
down €2,829 (-25.5%), from €11,102 to €8,273
- Profit (loss) carried forward -€2,751
down €2,751 (-606%), from -€454 to -€3,205
- Accrued charges and deferred income +€1,071
new in 2025: €1,071
- Gross operating margin -€9,672
down €9,672 (-49.8%), from €19,407 to €9,736
- Staff costs -€4,458
down €4,458 (-100%), from €4,458 to €0
- Depreciation -€2,168
down €2,168 (-17.6%), from €12,290 to €10,122
- Other operating charges -€641
down €641 (-30.4%), from €2,106 to €1,465
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 | €106,775 | €93,311 | -€13,464 | -12.6% |
| Fixed assets | 21/28 | €78,725 | €69,995 | -€8,731 | -11.1% |
| Intangible fixed assets | 21 | €2,008 | €1,103 | -€905 | -45.1% |
| Tangible fixed assets | 22/27 | €76,592 | €68,766 | -€7,826 | -10.2% |
| Plant, machinery and equipment | 23 | €31,068 | €26,787 | -€4,281 | -13.8% |
| Furniture and vehicles | 24 | €5,605 | €4,545 | -€1,060 | -18.9% |
| Other tangible fixed assets | 26 | €39,919 | €37,435 | -€2,485 | -6.2% |
| Financial fixed assets | 28 | €125 | €125 | = | 0.0% |
| Current assets | 29/58 | €28,050 | €23,317 | -€4,734 | -16.9% |
| Stocks and contracts in progress | 3 | €2,719 | €3,999 | +€1,280 | +47.1% |
| Stocks | 30/36 | €2,719 | €3,999 | +€1,280 | +47.1% |
| Amounts receivable within one year | 40/41 | €20,356 | €17,902 | -€2,454 | -12.1% |
| Trade receivables | 40 | €1,901 | €1,017 | -€884 | -46.5% |
| Other amounts receivable | 41 | €18,455 | €16,885 | -€1,570 | -8.5% |
| Cash at bank and in hand | 54/58 | €4,172 | €1,276 | -€2,896 | -69.4% |
| Deferred charges and accrued income | 490/1 | €804 | €140 | -€664 | -82.6% |
| Total equity and liabilities | 10/49 | €106,775 | €93,311 | -€13,464 | -12.6% |
| Equity | 10/15 | €36,137 | €33,386 | -€2,751 | -7.6% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €31,590 | €31,590 | = | 0.0% |
| Distributable reserves | 133 | €31,590 | €31,590 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€454 | -€3,205 | -€2,751 | -606% |
| Amounts payable | 17/49 | €70,639 | €59,926 | -€10,713 | -15.2% |
| Amounts payable after more than one year | 17 | €42,603 | €42,435 | -€169 | -0.4% |
| Financial debts | 170/4 | €42,603 | €42,435 | -€169 | -0.4% |
| Amounts payable within one year | 42/48 | €28,036 | €16,420 | -€11,616 | -41.4% |
| Current portion of amounts payable after more than one year | 42 | €5,079 | €5,169 | +€90 | +1.8% |
| Financial debts | 43 | €61 | €0 | -€61 | -100% |
| Credit institutions | 430/8 | €61 | €0 | -€61 | -100% |
| Trade debts | 44 | €11,102 | €8,273 | -€2,829 | -25.5% |
| Suppliers | 440/4 | €11,102 | €8,273 | -€2,829 | -25.5% |
| Advances received on contracts in progress | 46 | €1,040 | €474 | -€566 | -54.5% |
| Taxes, remuneration and social security | 45 | €2,323 | €2,504 | +€181 | +7.8% |
| Taxes | 450/3 | €2,323 | €2,504 | +€181 | +7.8% |
| Other amounts payable | 47/48 | €8,430 | €0 | -€8,430 | -100% |
| Accrued charges and deferred income | 492/3 | - | €1,071 | +€1,071 | |
| Remuneration, social security and pensions | 62 | €4,458 | €0 | -€4,458 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,290 | €10,122 | -€2,168 | -17.6% |
| Other operating charges | 640/8 | €2,106 | €1,465 | -€641 | -30.4% |
| Gross operating margin | 9900 | €19,407 | €9,736 | -€9,672 | -49.8% |
| Operating profit (loss) | 9901 | €552 | -€1,852 | -€2,404 | |
| Financial income | 75/76B | €68 | €53 | -€15 | -21.9% |
| Recurring financial income | 75 | €68 | €53 | -€15 | -21.9% |
| Financial charges | 65/66B | €954 | €952 | -€2 | -0.2% |
| Recurring financial charges | 65 | €954 | €952 | -€2 | -0.2% |
| Profit (loss) for the period before taxes | 9903 | -€334 | -€2,751 | -€2,417 | -724% |
| Income taxes | 67/77 | €120 | €0 | -€120 | -100% |
| Profit (loss) for the period | 9904 | -€454 | -€2,751 | -€2,297 | -506% |
| Profit (loss) for the period to be appropriated | 9905 | -€454 | -€2,751 | -€2,297 | -506% |
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.