Fitec: 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.
What changed
Fitec
NACE 46.150, Agents in the wholesale of furniture, household goods and hardware
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
-€820,678
2024 · €5.1m-€5.9m
Equity
€20.0m
2024 · €20.8m-€820,678
Cash
€9,203
2024 · €121,040-€111,837
Balance sheet total
€23.9m
2024 · €24.5m-€641,052
Largest movements
Assets
- Tangible fixed assets +€1.4m
up €1.4m (+14.9%), from €9.1m to €10.4m
of which Land and buildings: +€1.3m
- Financial fixed assets -€1.1m
down €1.1m (-7.9%), from €14.0m to €12.9m
of which Affiliated companies: -€1.1m
- Receivables within one year -€664,914
down €664,914 (-58.1%), from €1.1m to €478,542
of which Other amounts receivable: -€992,341
Equity and liabilities
- Short-term financial debts +€1.0m
up €1.0m, from €0 to €1.0m
- Reserves -€820,678
down €820,678 (-4.0%), from €20.8m to €20.0m
of which Distributable reserves: -€820,678
- Debts after one year -€577,620
down €577,620 (-25.3%), from €2.3m to €1.7m
- Current portion of long-term debt -€416,652
down €416,652 (-41.9%), from €994,272 to €577,620
Income statement
- Financial income -€5.0m
down €5.0m (-99.9%), from €5.0m to €6,574
- Financial charges +€1.1m
up €1.1m (+581%), from €181,012 to €1.2m
of which Non-recurring financial charges: +€1.1m
- Turnover +€150,356
up €150,356 (+7.9%), from €1.9m to €2.1m
- Taxes +€119,470
up €119,470 (+7,392%), from €1,616 to €121,086
of which Taxes: +€118,689
- Services and other goods -€53,104
down €53,104 (-5.7%), from €934,714 to €881,610
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.
Result 2024
€5.1m
Turnover
+€150,356
Other operating income
-€21,631
Services and other goods
+€53,104
Staff costs
+€46,260
Depreciation
-€39,432
Other operating charges
+€37,792
Other operating items
+€5,174
Financial income
-€5.0m
Financial charges
-€1.1m
Taxes
-€119,470
Result 2025
-€820,678
raises the resultlowers the resultnot broken down further in the accounts
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.
From operations
+€278,081
Investment
-€395,646
Financing
+€5,728
Cash 2024
€121,040
From operations (derived)
+€278,081
Net result for the year
-€820,678
Depreciation
+€259,946
Receivables within one year
+€664,914
Deferred charges and accrued income
+€1
Trade debts
+€111,006
Tax, wage and social debts
+€67,789
Accrued charges and deferred income
-€4,897
Investment (derived)
-€395,646
Investment in fixed assets (net)
-€518,274
Current investments
+€122,628
Financing
+€5,728
Debts after one year
-€577,620
Current portion of long-term debt
-€416,652
Short-term financial debts
+€1.0m
Cash 2025
€9,203
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €24,515,996 | €23,874,943 | -€641,052 | -2.6% |
| Fixed assets | 21/28 | €23,073,564 | €23,331,892 | +€258,328 | +1.1% |
| Tangible fixed assets | 22/27 | €9,087,653 | €10,445,981 | +€1.4m | +14.9% |
| Land and buildings | 22 | €8,988,510 | €10,282,041 | +€1.3m | +14.4% |
| Plant, machinery and equipment | 23 | €0 | - | = | |
| Furniture and vehicles | 24 | €66,956 | €131,754 | +€64,797 | +96.8% |
| Other tangible fixed assets | 26 | €32,187 | €32,187 | = | 0.0% |
| Financial fixed assets | 28 | €13,985,911 | €12,885,911 | -€1.1m | -7.9% |
| Affiliated companies | 280/1 | €13,985,511 | €12,885,511 | -€1.1m | -7.9% |
| Participating interests | 280 | €13,985,511 | €12,885,511 | -€1.1m | -7.9% |
| Other financial fixed assets | 284/8 | €400 | €400 | = | 0.0% |
| Amounts receivable and cash guarantees | 285/8 | €400 | €400 | = | 0.0% |
| Current assets | 29/58 | €1,442,432 | €543,051 | -€899,380 | -62.4% |
| Stocks and contracts in progress | 3 | €0 | €0 | = | |
| Amounts receivable within one year | 40/41 | €1,143,456 | €478,542 | -€664,914 | -58.1% |
| Trade receivables | 40 | €116,851 | €444,278 | +€327,427 | +280% |
| Other amounts receivable | 41 | €1,026,605 | €34,264 | -€992,341 | -96.7% |
| Current investments | 50/53 | €177,935 | €55,307 | -€122,628 | -68.9% |
| Other investments | 51/53 | €177,935 | €55,307 | -€122,628 | -68.9% |
| Cash at bank and in hand | 54/58 | €121,040 | €9,203 | -€111,837 | -92.4% |
| Deferred charges and accrued income | 490/1 | €1 | €0 | -€1 | -100% |
| Total equity and liabilities | 10/49 | €24,515,996 | €23,874,943 | -€641,052 | -2.6% |
| Equity | 10/15 | €20,838,055 | €20,017,377 | -€820,678 | -3.9% |
| Contributions | 10/11 | €61,500 | €61,500 | = | 0.0% |
| Capital | 10 | €61,500 | €61,500 | = | 0.0% |
| Issued capital | 100 | €61,500 | €61,500 | = | 0.0% |
| Reserves | 13 | €20,776,555 | €19,955,877 | -€820,678 | -4.0% |
| Non-distributable reserves | 130/1 | €39,657 | €39,657 | = | 0.0% |
| Legal reserve | 130 | €6,150 | €6,150 | = | 0.0% |
| Other | 1319 | €33,507 | €33,507 | = | 0.0% |
| Distributable reserves | 133 | €20,736,898 | €19,916,220 | -€820,678 | -4.0% |
| Amounts payable | 17/49 | €3,677,941 | €3,857,567 | +€179,626 | +4.9% |
| Amounts payable after more than one year | 17 | €2,280,953 | €1,703,333 | -€577,620 | -25.3% |
| Financial debts | 170/4 | €2,280,953 | €1,703,333 | -€577,620 | -25.3% |
| Credit institutions | 173 | €2,280,953 | €1,703,333 | -€577,620 | -25.3% |
| Amounts payable within one year | 42/48 | €1,392,091 | €2,154,233 | +€762,142 | +54.7% |
| Current portion of amounts payable after more than one year | 42 | €994,272 | €577,620 | -€416,652 | -41.9% |
| Financial debts | 43 | €0 | €1,000,000 | +€1.0m | |
| Credit institutions | 430/8 | €0 | €1,000,000 | +€1.0m | |
| Trade debts | 44 | €192,457 | €303,463 | +€111,006 | +57.7% |
| Suppliers | 440/4 | €192,457 | €303,463 | +€111,006 | +57.7% |
| Taxes, remuneration and social security | 45 | €205,361 | €273,150 | +€67,789 | +33.0% |
| Taxes | 450/3 | €117,188 | €173,736 | +€56,548 | +48.3% |
| Remuneration and social security | 454/9 | €88,174 | €99,414 | +€11,240 | +12.7% |
| Other amounts payable | 47/48 | €0 | - | = | |
| Accrued charges and deferred income | 492/3 | €4,897 | €0 | -€4,897 | -100% |
| Operating income | 70/76A | €1,992,802 | €2,126,702 | +€133,899 | +6.7% |
| Turnover | 70 | €1,910,476 | €2,060,832 | +€150,356 | +7.9% |
| Other operating income | 74 | €82,325 | €60,694 | -€21,631 | -26.3% |
| Non-recurring operating income | 76A | €1 | €5,176 | +€5,174 | +410,669% |
| Operating charges | 60/66A | €1,697,802 | €1,600,078 | -€97,724 | -5.8% |
| Services and other goods | 61 | €934,714 | €881,610 | -€53,104 | -5.7% |
| Remuneration, social security and pensions | 62 | €499,186 | €452,926 | -€46,260 | -9.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €220,514 | €259,946 | +€39,432 | +17.9% |
| Other operating charges | 640/8 | €43,388 | €5,596 | -€37,792 | -87.1% |
| Operating profit (loss) | 9901 | €295,000 | €526,624 | +€231,624 | +78.5% |
| Financial income | 75/76B | €5,008,558 | €6,574 | -€5.0m | -99.9% |
| Recurring financial income | 75 | €5,008,558 | €6,574 | -€5.0m | -99.9% |
| Income from financial fixed assets | 750 | €5,000,000 | €0 | -€5.0m | -100% |
| Income from current assets | 751 | €8,057 | €6,540 | -€1,517 | -18.8% |
| Other financial income | 752/9 | €501 | €34 | -€467 | -93.2% |
| Financial charges | 65/66B | €181,012 | €1,232,791 | +€1.1m | +581% |
| Recurring financial charges | 65 | €181,012 | €132,791 | -€48,222 | -26.6% |
| Debt charges | 650 | €176,989 | €97,869 | -€79,121 | -44.7% |
| Write-downs on current assets other than stocks, contracts in progress and trade receivables: additions (reversals) | 651 | -€12,512 | -€377,980 | -€365,469 | -2,921% |
| Other financial charges | 652/9 | €16,534 | €412,902 | +€396,368 | +2,397% |
| Non-recurring financial charges | 66B | - | €1,100,000 | +€1.1m | |
| Profit (loss) for the period before taxes | 9903 | €5,122,546 | -€699,592 | -€5.8m | |
| Income taxes | 67/77 | €1,616 | €121,086 | +€119,470 | +7,392% |
| Taxes | 670/3 | €2,396 | €121,086 | +€118,689 | +4,953% |
| Tax adjustments and reversals of tax provisions | 77 | €780 | €0 | -€780 | -100% |
| Profit (loss) for the period | 9904 | €5,120,930 | -€820,678 | -€5.9m | |
| Profit (loss) for the period to be appropriated | 9905 | €5,120,930 | -€820,678 | -€5.9m |
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 20 October 2026 via checked.be.