Fithom: 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.
Fithom
Largest movements
- Stocks and contracts +€1.5m
up €1.5m (+388%), from €378,342 to €1.8m
of which Contracts in progress: +€826,160
- Tangible fixed assets -€685,774
down €685,774 (-96.9%), from €707,571 to €21,796
- Cash -€96,949
down €96,949 (-30.4%), from €318,478 to €221,530
mainly Stocks and contracts (-€1.5m) and Contributions, distributions and other (-€340,000)
- Receivables within one year +€52,533
up €52,533 (+4,341,587%), from €1 to €52,534
of which Other amounts receivable: +€51,305
- Other debts +€529,817
up €529,817 (+110%), from €480,000 to €1.0m
- Short-term financial debts +€200,000
new in 2025: €200,000
- Gross operating margin +€457,423
up €457,423, from -€45,780 to €411,644
- Taxes +€49,519
new in 2025: €49,519
- Other operating charges +€14,420
up €14,420 (+1,190%), from €1,212 to €15,632
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 | €1,404,393 | €2,141,128 | +€736,735 | +52.5% |
| Fixed assets | 21/28 | €707,571 | €21,796 | -€685,774 | -96.9% |
| Tangible fixed assets | 22/27 | €707,571 | €21,796 | -€685,774 | -96.9% |
| Land and buildings | 22 | €707,571 | €21,796 | -€685,774 | -96.9% |
| Financial fixed assets | 28 | €0 | - | = | |
| Current assets | 29/58 | €696,822 | €2,119,331 | +€1.4m | +204% |
| Stocks and contracts in progress | 3 | €378,342 | €1,845,267 | +€1.5m | +388% |
| Stocks | 30/36 | - | €640,765 | +€640,765 | |
| Contracts in progress | 37 | €378,342 | €1,204,502 | +€826,160 | +218% |
| Amounts receivable within one year | 40/41 | €1 | €52,534 | +€52,533 | +4,341,587% |
| Trade receivables | 40 | €0 | €1,228 | +€1,228 | |
| Other amounts receivable | 41 | €1 | €51,306 | +€51,305 | +4,240,079% |
| Current investments | 50/53 | €0 | - | = | |
| Cash at bank and in hand | 54/58 | €318,478 | €221,530 | -€96,949 | -30.4% |
| Deferred charges and accrued income | 490/1 | €0 | - | = | |
| Total equity and liabilities | 10/49 | €1,404,393 | €2,141,128 | +€736,735 | +52.5% |
| Equity | 10/15 | €870,534 | €873,197 | +€2,663 | +0.3% |
| Contributions | 10/11 | €62,528 | €62,528 | = | 0.0% |
| Capital | 10 | €62,528 | €62,528 | = | 0.0% |
| Issued capital | 100 | €62,528 | €62,528 | = | 0.0% |
| Reserves | 13 | €808,006 | €810,669 | +€2,663 | +0.3% |
| Non-distributable reserves | 130/1 | €6,253 | €6,253 | = | 0.0% |
| Legal reserve | 130 | €6,253 | €6,253 | = | 0.0% |
| Distributable reserves | 133 | €801,753 | €804,416 | +€2,663 | +0.3% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €533,859 | €1,267,931 | +€734,072 | +138% |
| Amounts payable within one year | 42/48 | €533,859 | €1,267,931 | +€734,072 | +138% |
| Financial debts | 43 | - | €200,000 | +€200,000 | |
| Credit institutions | 430/8 | - | €200,000 | +€200,000 | |
| Trade debts | 44 | €49,041 | €50,918 | +€1,878 | +3.8% |
| Suppliers | 440/4 | €49,041 | €50,918 | +€1,878 | +3.8% |
| Taxes, remuneration and social security | 45 | €4,818 | €7,195 | +€2,377 | +49.3% |
| Taxes | 450/3 | €4,818 | €7,195 | +€2,377 | +49.3% |
| Other amounts payable | 47/48 | €480,000 | €1,009,817 | +€529,817 | +110% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Non-recurring operating income | 76A | - | €180,990 | +€180,990 | |
| Other operating charges | 640/8 | €1,212 | €15,632 | +€14,420 | +1,190% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Gross operating margin | 9900 | -€45,780 | €411,644 | +€457,423 | |
| Operating profit (loss) | 9901 | -€46,992 | €396,012 | +€443,003 | |
| Financial income | 75/76B | €6,410 | €6,545 | +€136 | +2.1% |
| Recurring financial income | 75 | €6,410 | €6,545 | +€136 | +2.1% |
| Financial charges | 65/66B | €6,608 | €10,375 | +€3,767 | +57.0% |
| Recurring financial charges | 65 | €6,608 | €10,375 | +€3,767 | +57.0% |
| Profit (loss) for the period before taxes | 9903 | -€47,190 | €392,182 | +€439,372 | |
| Income taxes | 67/77 | - | €49,519 | +€49,519 | |
| Profit (loss) for the period | 9904 | -€47,190 | €342,663 | +€389,853 | |
| Profit (loss) for the period to be appropriated | 9905 | -€47,190 | €342,663 | +€389,853 |
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 16 October 2026 via checked.be.