FITIX: 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.
FITIX
Largest movements
- Tangible fixed assets -€47,503
down €47,503 (-14.3%), from €333,248 to €285,744
of which Land and buildings: -€24,331
- Receivables within one year +€24,351
up €24,351 (+129%), from €18,889 to €43,241
of which Trade receivables: +€22,679
- Intangible fixed assets -€18,000
down €18,000 (-25.3%), from €71,100 to €53,100
- Stocks and contracts +€10,000
new in 2023: €10,000
- Cash +€8,478
up €8,478 (+38.1%), from €22,236 to €30,714
mainly Other debts (+€84,001) and Depreciation (+€72,198)
- Debts after one year -€125,918
down €125,918 (-42.3%), from €297,370 to €171,452
- Other debts +€84,001
up €84,001 (+414%), from €20,290 to €104,291
- Tax, wage and social debts +€16,579
up €16,579 (+266%), from €6,227 to €22,806
- Current portion of long-term debt -€11,571
down €11,571 (-22.4%), from €51,714 to €40,143
- Trade debts +€9,896
up €9,896 (+88.0%), from €11,240 to €21,136
- Taxes +€12,242
up €12,242 (+104%), from €11,805 to €24,047
- Gross operating margin +€9,896
up €9,896 (+10.0%), from €99,093 to €108,989
- Depreciation +€8,335
up €8,335 (+13.1%), from €63,863 to €72,198
- Financial charges -€6,382
down €6,382 (-82.1%), from €7,772 to €1,389
- Other operating charges +€2,991
up €2,991 (+37.0%), from €8,093 to €11,084
From the 2022 result to the 2023 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 2022 and 2023 balance sheets and the 2023 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2022 | 2023 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €463,992 | €437,249 | -€26,743 | -5.8% |
| Fixed assets | 21/28 | €404,373 | €338,869 | -€65,503 | -16.2% |
| Intangible fixed assets | 21 | €71,100 | €53,100 | -€18,000 | -25.3% |
| Tangible fixed assets | 22/27 | €333,248 | €285,744 | -€47,503 | -14.3% |
| Land and buildings | 22 | €241,673 | €217,342 | -€24,331 | -10.1% |
| Plant, machinery and equipment | 23 | €315 | €216 | -€99 | -31.4% |
| Furniture and vehicles | 24 | €91,260 | €68,186 | -€23,074 | -25.3% |
| Financial fixed assets | 28 | €25 | €25 | = | 0.0% |
| Current assets | 29/58 | €59,619 | €98,380 | +€38,761 | +65.0% |
| Stocks and contracts in progress | 3 | - | €10,000 | +€10,000 | |
| Contracts in progress | 37 | - | €10,000 | +€10,000 | |
| Amounts receivable within one year | 40/41 | €18,889 | €43,241 | +€24,351 | +129% |
| Trade receivables | 40 | €18,695 | €41,373 | +€22,679 | +121% |
| Other amounts receivable | 41 | €195 | €1,868 | +€1,673 | +858% |
| Cash at bank and in hand | 54/58 | €22,236 | €30,714 | +€8,478 | +38.1% |
| Deferred charges and accrued income | 490/1 | €18,494 | €14,425 | -€4,069 | -22.0% |
| Total equity and liabilities | 10/49 | €463,992 | €437,249 | -€26,743 | -5.8% |
| Equity | 10/15 | €77,150 | €77,421 | +€271 | +0.4% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €63,389 | €70,950 | +€7,561 | +11.9% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Tax-exempt reserves | 132 | €9,000 | €9,000 | = | 0.0% |
| Distributable reserves | 133 | €52,529 | €60,090 | +€7,561 | +14.4% |
| Profit (loss) carried forward | 14 | €7,561 | €271 | -€7,290 | -96.4% |
| Amounts payable | 17/49 | €386,842 | €359,828 | -€27,014 | -7.0% |
| Amounts payable after more than one year | 17 | €297,370 | €171,452 | -€125,918 | -42.3% |
| Financial debts | 170/4 | €297,370 | €171,452 | -€125,918 | -42.3% |
| Amounts payable within one year | 42/48 | €89,471 | €188,376 | +€98,905 | +111% |
| Current portion of amounts payable after more than one year | 42 | €51,714 | €40,143 | -€11,571 | -22.4% |
| Trade debts | 44 | €11,240 | €21,136 | +€9,896 | +88.0% |
| Suppliers | 440/4 | €11,240 | €21,136 | +€9,896 | +88.0% |
| Taxes, remuneration and social security | 45 | €6,227 | €22,806 | +€16,579 | +266% |
| Taxes | 450/3 | €6,227 | €22,806 | +€16,579 | +266% |
| Other amounts payable | 47/48 | €20,290 | €104,291 | +€84,001 | +414% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €63,863 | €72,198 | +€8,335 | +13.1% |
| Other operating charges | 640/8 | €8,093 | €11,084 | +€2,991 | +37.0% |
| Gross operating margin | 9900 | €99,093 | €108,989 | +€9,896 | +10.0% |
| Operating profit (loss) | 9901 | €27,138 | €25,708 | -€1,430 | -5.3% |
| Financial income | 75/76B | - | €0 | +€0 | |
| Recurring financial income | 75 | - | €0 | +€0 | |
| Financial charges | 65/66B | €7,772 | €1,389 | -€6,382 | -82.1% |
| Recurring financial charges | 65 | €7,772 | €1,389 | -€6,382 | -82.1% |
| Profit (loss) for the period before taxes | 9903 | €19,366 | €24,318 | +€4,952 | +25.6% |
| Income taxes | 67/77 | €11,805 | €24,047 | +€12,242 | +104% |
| Profit (loss) for the period | 9904 | €7,561 | €271 | -€7,290 | -96.4% |
| Profit (loss) for the period to be appropriated | 9905 | €7,561 | €271 | -€7,290 | -96.4% |
Source: filed annual accounts (NBB), financial years ended 31 March 2022 and 31 March 2023. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 17 October 2026 via checked.be.