Fithema: 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.
Fithema
Largest movements
- Current investments +€35,000
new in 2025: €35,000
- Receivables within one year +€16,784
up €16,784 (+6,944%), from €242 to €17,026
of which Trade receivables: +€16,566
- Cash -€9,734
down €9,734 (-8.1%), from €120,833 to €111,099
mainly Current investments (-€35,000) and Receivables within one year (-€16,784)
- Deferred charges and accrued income -€9,524
down €9,524 (-57.5%), from €16,569 to €7,045
- Tangible fixed assets -€3,177
down €3,177 (-31.9%), from €9,968 to €6,791
- Reserves +€34,442
up €34,442 (+33.8%), from €101,808 to €136,250
- Tax, wage and social debts -€4,527
down €4,527 (-11.8%), from €38,485 to €33,958
of which Taxes: -€8,727
- Gross operating margin -€12,897
down €12,897 (-20.4%), from €63,361 to €50,465
- Taxes -€3,445
down €3,445 (-21.1%), from €16,351 to €12,906
- Financial income +€726
new in 2025: €726
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 | €147,612 | €176,961 | +€29,349 | +19.9% |
| Fixed assets | 21/28 | €9,968 | €6,791 | -€3,177 | -31.9% |
| Tangible fixed assets | 22/27 | €9,968 | €6,791 | -€3,177 | -31.9% |
| Furniture and vehicles | 24 | €9,968 | €6,791 | -€3,177 | -31.9% |
| Current assets | 29/58 | €137,644 | €170,170 | +€32,526 | +23.6% |
| Amounts receivable within one year | 40/41 | €242 | €17,026 | +€16,784 | +6,944% |
| Trade receivables | 40 | €238 | €16,804 | +€16,566 | +6,955% |
| Other amounts receivable | 41 | €4 | €221 | +€218 | +6,220% |
| Current investments | 50/53 | - | €35,000 | +€35,000 | |
| Cash at bank and in hand | 54/58 | €120,833 | €111,099 | -€9,734 | -8.1% |
| Deferred charges and accrued income | 490/1 | €16,569 | €7,045 | -€9,524 | -57.5% |
| Total equity and liabilities | 10/49 | €147,612 | €176,961 | +€29,349 | +19.9% |
| Equity | 10/15 | €106,808 | €141,250 | +€34,442 | +32.2% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €101,808 | €136,250 | +€34,442 | +33.8% |
| Distributable reserves | 133 | €101,808 | €136,250 | +€34,442 | +33.8% |
| Amounts payable | 17/49 | €40,804 | €35,711 | -€5,093 | -12.5% |
| Amounts payable within one year | 42/48 | €40,804 | €35,711 | -€5,093 | -12.5% |
| Current portion of amounts payable after more than one year | 42 | €711 | - | -€711 | |
| Trade debts | 44 | €850 | €1,312 | +€462 | +54.4% |
| Suppliers | 440/4 | €850 | €1,312 | +€462 | +54.4% |
| Taxes, remuneration and social security | 45 | €38,485 | €33,958 | -€4,527 | -11.8% |
| Taxes | 450/3 | €38,274 | €29,547 | -€8,727 | -22.8% |
| Remuneration and social security | 454/9 | €211 | €4,411 | +€4,200 | +1,989% |
| Other amounts payable | 47/48 | €758 | €441 | -€317 | -41.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,012 | €3,177 | +€164 | +5.5% |
| Other operating charges | 640/8 | €618 | €520 | -€98 | -15.9% |
| Gross operating margin | 9900 | €63,361 | €50,465 | -€12,897 | -20.4% |
| Operating profit (loss) | 9901 | €59,731 | €46,768 | -€12,963 | -21.7% |
| Financial income | 75/76B | - | €726 | +€726 | |
| Recurring financial income | 75 | - | €726 | +€726 | |
| Financial charges | 65/66B | €251 | €146 | -€105 | -41.9% |
| Recurring financial charges | 65 | €251 | €146 | -€105 | -41.9% |
| Profit (loss) for the period before taxes | 9903 | €59,480 | €47,348 | -€12,132 | -20.4% |
| Income taxes | 67/77 | €16,351 | €12,906 | -€3,445 | -21.1% |
| Profit (loss) for the period | 9904 | €43,129 | €34,442 | -€8,687 | -20.1% |
| Profit (loss) for the period to be appropriated | 9905 | €43,129 | €34,442 | -€8,687 | -20.1% |
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 13 October 2026 via checked.be.