FITHO: 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.
FITHO
Largest movements
- Cash +€103,957
up €103,957 (+703.7%), from €14,774 to €118,731
mainly Other debts (+€127,807) and Net result for the year (+€99,218)
- Tangible fixed assets -€67,477
down €67,477 (-18.1%), from €373,285 to €305,808
of which Furniture and vehicles: -€65,583
- Receivables within one year +€57,945
up €57,945 (+141.7%), from €40,879 to €98,824
of which Trade receivables: +€89,444
- Other debts +€127,807
new in 2025: €127,807
- Debts after one year -€34,884
down €34,884 (-16.5%), from €210,989 to €176,105
- Current portion of long-term debt -€31,784
down €31,784 (-75.1%), from €42,295 to €10,511
- Tax, wage and social debts +€31,169
up €31,169 (+150.1%), from €20,764 to €51,933
of which Taxes: +€29,102
- Accrued charges and deferred income +€29,112
new in 2025: €29,112
- Gross operating margin +€84,389
up €84,389 (+51.4%), from €164,138 to €248,527
- Other operating charges -€33,249
down €33,249 (-96.2%), from €34,556 to €1,307
- Taxes +€24,540
up €24,540 (+335.3%), from €7,319 to €31,859
- Financial charges +€13,434
up €13,434 (+975.4%), from €1,377 to €14,811
- Staff costs -€3,176
down €3,176 (-5.4%), from €58,563 to €55,387
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 | €432,481 | €523,652 | +€91,171 | +21.1% |
| Fixed assets | 21/28 | €373,285 | €305,808 | -€67,477 | -18.1% |
| Tangible fixed assets | 22/27 | €373,285 | €305,808 | -€67,477 | -18.1% |
| Land and buildings | 22 | €269,613 | €264,395 | -€5,218 | -1.9% |
| Plant, machinery and equipment | 23 | €1,470 | €1,027 | -€443 | -30.2% |
| Furniture and vehicles | 24 | €102,202 | €36,619 | -€65,583 | -64.2% |
| Other tangible fixed assets | 26 | - | €3,767 | +€3,767 | |
| Current assets | 29/58 | €59,196 | €217,843 | +€158,647 | +268.0% |
| Amounts receivable within one year | 40/41 | €40,879 | €98,824 | +€57,945 | +141.7% |
| Trade receivables | 40 | €524 | €89,968 | +€89,444 | +17085.8% |
| Other amounts receivable | 41 | €40,356 | €8,857 | -€31,499 | -78.1% |
| Cash at bank and in hand | 54/58 | €14,774 | €118,731 | +€103,957 | +703.7% |
| Deferred charges and accrued income | 490/1 | €3,543 | €288 | -€3,255 | -91.9% |
| Total equity and liabilities | 10/49 | €432,481 | €523,652 | +€91,171 | +21.1% |
| Equity | 10/15 | €149,663 | €120,933 | -€28,729 | -19.2% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €117,933 | €117,933 | = | 0.0% |
| Distributable reserves | 133 | €117,933 | €117,933 | = | 0.0% |
| Profit (loss) carried forward | 14 | €28,729 | - | -€28,729 | |
| Amounts payable | 17/49 | €282,819 | €402,718 | +€119,900 | +42.4% |
| Amounts payable after more than one year | 17 | €210,989 | €176,105 | -€34,884 | -16.5% |
| Financial debts | 170/4 | €210,989 | €176,105 | -€34,884 | -16.5% |
| Amounts payable within one year | 42/48 | €71,830 | €197,501 | +€125,672 | +175.0% |
| Current portion of amounts payable after more than one year | 42 | €42,295 | €10,511 | -€31,784 | -75.1% |
| Trade debts | 44 | €8,771 | €7,250 | -€1,521 | -17.3% |
| Suppliers | 440/4 | €8,771 | €7,250 | -€1,521 | -17.3% |
| Taxes, remuneration and social security | 45 | €20,764 | €51,933 | +€31,169 | +150.1% |
| Taxes | 450/3 | €9,473 | €38,575 | +€29,102 | +307.2% |
| Remuneration and social security | 454/9 | €11,291 | €13,359 | +€2,068 | +18.3% |
| Other amounts payable | 47/48 | - | €127,807 | +€127,807 | |
| Accrued charges and deferred income | 492/3 | - | €29,112 | +€29,112 | |
| Remuneration, social security and pensions | 62 | €58,563 | €55,387 | -€3,176 | -5.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €33,593 | €32,216 | -€1,377 | -4.1% |
| Other operating charges | 640/8 | €34,556 | €1,307 | -€33,249 | -96.2% |
| Non-recurring operating charges | 66A | - | €13,728 | +€13,728 | |
| Gross operating margin | 9900 | €164,138 | €248,527 | +€84,389 | +51.4% |
| Operating profit (loss) | 9901 | €37,426 | €145,889 | +€108,463 | +289.8% |
| Financial charges | 65/66B | €1,377 | €14,811 | +€13,434 | +975.4% |
| Recurring financial charges | 65 | €1,377 | €14,811 | +€13,434 | +975.4% |
| Profit (loss) for the period before taxes | 9903 | €36,049 | €131,077 | +€95,029 | +263.6% |
| Income taxes | 67/77 | €7,319 | €31,859 | +€24,540 | +335.3% |
| Profit (loss) for the period | 9904 | €28,729 | €99,218 | +€70,489 | +245.4% |
| Profit (loss) for the period to be appropriated | 9905 | €28,729 | €99,218 | +€70,489 | +245.4% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 10 October 2026 via checked.be.