FITLAB: 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.
FITLAB
Largest movements
- Cash +€431,052
up €431,052 (+267%), from €161,298 to €592,350
mainly Contributions, distributions and other (+€1.4m) and Depreciation (+€58,812)
- Intangible fixed assets +€25,862
up €25,862 (+21.6%), from €119,503 to €145,365
- Stocks and contracts +€14,939
up €14,939 (+6.3%), from €236,996 to €251,935
- Contributions +€1.4m
up €1.4m (+27,901%), from €5,000 to €1.4m
- Debts after one year -€655,659
down €655,659 (-100%), from €655,659 to €0
- Profit (loss) carried forward -€254,802
down €254,802 (-68.9%), from -€369,916 to -€624,717
- Other debts -€61,783
down €61,783 (-99.8%), from €61,890 to €108
- Short-term financial debts +€24,697
up €24,697 (+137%), from €18,028 to €42,725
- Staff costs +€90,314
up €90,314 (+77.5%), from €116,509 to €206,823
- Gross operating margin +€42,778
up €42,778, from -€12,866 to €29,913
- Depreciation +€35,521
up €35,521 (+153%), from €23,291 to €58,812
- Financial charges +€18,537
up €18,537 (+133%), from €13,966 to €32,504
- Other operating charges +€7,739
up €7,739 (+1,105%), from €700 to €8,440
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 | €539,987 | €1,010,035 | +€470,048 | +87.0% |
| Fixed assets | 21/28 | €123,053 | €151,935 | +€28,882 | +23.5% |
| Intangible fixed assets | 21 | €119,503 | €145,365 | +€25,862 | +21.6% |
| Tangible fixed assets | 22/27 | €3,130 | €6,150 | +€3,020 | +96.5% |
| Plant, machinery and equipment | 23 | €3,130 | €6,150 | +€3,020 | +96.5% |
| Financial fixed assets | 28 | €420 | €420 | = | 0.0% |
| Current assets | 29/58 | €416,934 | €858,100 | +€441,166 | +106% |
| Stocks and contracts in progress | 3 | €236,996 | €251,935 | +€14,939 | +6.3% |
| Stocks | 30/36 | €236,996 | €251,935 | +€14,939 | +6.3% |
| Amounts receivable within one year | 40/41 | €13,750 | €13,067 | -€683 | -5.0% |
| Trade receivables | 40 | €4,917 | €0 | -€4,917 | -100% |
| Other amounts receivable | 41 | €8,833 | €13,067 | +€4,235 | +47.9% |
| Cash at bank and in hand | 54/58 | €161,298 | €592,350 | +€431,052 | +267% |
| Deferred charges and accrued income | 490/1 | €4,890 | €748 | -€4,142 | -84.7% |
| Total equity and liabilities | 10/49 | €539,987 | €1,010,035 | +€470,048 | +87.0% |
| Equity | 10/15 | -€364,916 | €775,337 | +€1.1m | |
| Contributions | 10/11 | €5,000 | €1,400,054 | +€1.4m | +27,901% |
| Profit (loss) carried forward | 14 | -€369,916 | -€624,717 | -€254,802 | -68.9% |
| Amounts payable | 17/49 | €904,902 | €234,698 | -€670,204 | -74.1% |
| Amounts payable after more than one year | 17 | €655,659 | €0 | -€655,659 | -100% |
| Financial debts | 170/4 | €655,659 | €0 | -€655,659 | -100% |
| Amounts payable within one year | 42/48 | €249,243 | €234,698 | -€14,545 | -5.8% |
| Financial debts | 43 | €18,028 | €42,725 | +€24,697 | +137% |
| Credit institutions | 430/8 | €18,028 | €42,725 | +€24,697 | +137% |
| Trade debts | 44 | €92,813 | €111,987 | +€19,174 | +20.7% |
| Suppliers | 440/4 | €92,813 | €111,987 | +€19,174 | +20.7% |
| Advances received on contracts in progress | 46 | €14,684 | €8,326 | -€6,358 | -43.3% |
| Taxes, remuneration and social security | 45 | €61,827 | €71,552 | +€9,725 | +15.7% |
| Taxes | 450/3 | €51,699 | €56,167 | +€4,468 | +8.6% |
| Remuneration and social security | 454/9 | €10,128 | €15,385 | +€5,257 | +51.9% |
| Other amounts payable | 47/48 | €61,890 | €108 | -€61,783 | -99.8% |
| Remuneration, social security and pensions | 62 | €116,509 | €206,823 | +€90,314 | +77.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €23,291 | €58,812 | +€35,521 | +153% |
| Other operating charges | 640/8 | €700 | €8,440 | +€7,739 | +1,105% |
| Non-recurring operating charges | 66A | - | €2,855 | +€2,855 | |
| Gross operating margin | 9900 | -€12,866 | €29,913 | +€42,778 | |
| Operating profit (loss) | 9901 | -€153,366 | -€247,017 | -€93,650 | -61.1% |
| Financial income | 75/76B | €15,771 | €21,520 | +€5,749 | +36.5% |
| Recurring financial income | 75 | €15,771 | €21,520 | +€5,749 | +36.5% |
| Financial charges | 65/66B | €13,966 | €32,504 | +€18,537 | +133% |
| Recurring financial charges | 65 | €13,966 | €32,504 | +€18,537 | +133% |
| Profit (loss) for the period before taxes | 9903 | -€151,561 | -€258,000 | -€106,439 | -70.2% |
| Income taxes | 67/77 | -€2,816 | -€3,199 | -€383 | -13.6% |
| Profit (loss) for the period | 9904 | -€148,746 | -€254,802 | -€106,056 | -71.3% |
| Profit (loss) for the period to be appropriated | 9905 | -€148,746 | -€254,802 | -€106,056 | -71.3% |
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 1 November 2026 via checked.be.