FITCO: what changed
Two fiscal 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.
FITCO
Largest movements
- Tangible fixed assets +€1.0m
up €1.0m (+60.2%), from €1.7m to €2.7m
of which Land and buildings: +€987,647
- Receivables within one year -€35,335
down €35,335 (-21.4%), from €165,035 to €129,700
of which Trade receivables: -€45,335
- Other debts +€1.3m
up €1.3m (+1418.5%), from €94,091 to €1.4m
- Trade debts -€128,108
down €128,108 (-35.8%), from €357,391 to €229,283
- Debts after one year -€125,528
down €125,528 (-15.5%), from €810,901 to €685,373
- Profit (loss) carried forward -€85,203
new in 2025: -€85,203
- Gross operating margin -€95,419
down €95,419 (-55.2%), from €173,011 to €77,592
- Depreciation +€44,812
up €44,812 (+50.4%), from €88,876 to €133,688
- Taxes -€19,695
down €19,695 (-81.8%), from €24,090 to €4,395
- Other operating charges +€7,809
up €7,809 (+2001.6%), from €390 to €8,199
- Financial charges -€3,171
down €3,171 (-16.1%), from €19,684 to €16,512
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.
Cash bridge derived
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 | €1,907,368 | €2,895,045 | +€987,677 | +51.8% |
| Fixed assets | 21/28 | €1,673,780 | €2,681,618 | +€1.0m | +60.2% |
| Tangible fixed assets | 22/27 | €1,673,780 | €2,681,618 | +€1.0m | +60.2% |
| Land and buildings | 22 | €1,662,781 | €2,650,428 | +€987,647 | +59.4% |
| Plant, machinery and equipment | 23 | €5,979 | €4,913 | -€1,066 | -17.8% |
| Furniture and vehicles | 24 | €5,020 | €26,277 | +€21,257 | +423.4% |
| Current assets | 29/58 | €233,588 | €213,427 | -€20,161 | -8.6% |
| Amounts receivable within one year | 40/41 | €165,035 | €129,700 | -€35,335 | -21.4% |
| Trade receivables | 40 | €165,035 | €119,700 | -€45,335 | -27.5% |
| Other amounts receivable | 41 | - | €10,000 | +€10,000 | |
| Cash at bank and in hand | 54/58 | €68,553 | €83,314 | +€14,761 | +21.5% |
| Deferred charges and accrued income | 490/1 | - | €413 | +€413 | |
| Total equity and liabilities | 10/49 | €1,907,368 | €2,895,045 | +€987,677 | +51.8% |
| Equity | 10/15 | €481,095 | €395,892 | -€85,203 | -17.7% |
| Contributions | 10/11 | €20,500 | €20,500 | = | 0.0% |
| Reserves | 13 | €460,595 | €460,595 | = | 0.0% |
| Non-distributable reserves | 130/1 | €2,050 | €2,050 | = | 0.0% |
| Reserves not available under the articles | 1311 | €2,050 | €2,050 | = | 0.0% |
| Distributable reserves | 133 | €458,545 | €458,545 | = | 0.0% |
| Profit (loss) carried forward | 14 | - | -€85,203 | -€85,203 | |
| Amounts payable | 17/49 | €1,426,273 | €2,499,153 | +€1.1m | +75.2% |
| Amounts payable after more than one year | 17 | €810,901 | €685,373 | -€125,528 | -15.5% |
| Financial debts | 170/4 | €810,901 | €685,373 | -€125,528 | -15.5% |
| Amounts payable within one year | 42/48 | €614,672 | €1,813,780 | +€1.2m | +195.1% |
| Current portion of amounts payable after more than one year | 42 | €118,843 | €125,528 | +€6,685 | +5.6% |
| Trade debts | 44 | €357,391 | €229,283 | -€128,108 | -35.8% |
| Suppliers | 440/4 | €357,391 | €229,283 | -€128,108 | -35.8% |
| Taxes, remuneration and social security | 45 | €44,346 | €30,156 | -€14,190 | -32.0% |
| Taxes | 450/3 | €44,346 | €30,156 | -€14,190 | -32.0% |
| Other amounts payable | 47/48 | €94,091 | €1,428,813 | +€1.3m | +1418.5% |
| Accrued charges and deferred income | 492/3 | €700 | - | -€700 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €88,876 | €133,688 | +€44,812 | +50.4% |
| Other operating charges | 640/8 | €390 | €8,199 | +€7,809 | +2001.6% |
| Gross operating margin | 9900 | €173,011 | €77,592 | -€95,419 | -55.2% |
| Operating profit (loss) | 9901 | €83,744 | -€64,295 | -€148,039 | |
| Financial charges | 65/66B | €19,684 | €16,512 | -€3,171 | -16.1% |
| Recurring financial charges | 65 | €19,684 | €16,512 | -€3,171 | -16.1% |
| Profit (loss) for the period before taxes | 9903 | €64,061 | -€80,807 | -€144,868 | |
| Income taxes | 67/77 | €24,090 | €4,395 | -€19,695 | -81.8% |
| Profit (loss) for the period | 9904 | €39,970 | -€85,203 | -€125,173 | |
| Profit (loss) for the period to be appropriated | 9905 | €39,970 | -€85,203 | -€125,173 |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.