FITO: 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.
FITO
Largest movements
- Stocks and contracts +€372,585
up €372,585 (+49.9%), from €746,840 to €1.1m
- Receivables within one year +€361,816
up €361,816 (+32.8%), from €1.1m to €1.5m
of which Trade receivables: +€364,399
- Cash -€200,830
down €200,830 (-51.1%), from €393,396 to €192,566
mainly Stocks and contracts (-€372,585) and Receivables within one year (-€361,816)
- Reserves +€229,494
up €229,494 (+13.4%), from €1.7m to €1.9m
- Trade debts +€171,637
up €171,637 (+93.1%), from €184,322 to €355,959
- Short-term financial debts +€104,916
up €104,916 (+27.6%), from €379,809 to €484,725
- Gross operating margin +€135,137
up €135,137 (+19.0%), from €711,974 to €847,111
- Staff costs +€55,151
up €55,151 (+16.9%), from €325,663 to €380,814
- Financial charges +€19,892
up €19,892 (+51.6%), from €38,570 to €58,462
- Depreciation +€16,505
up €16,505 (+25.2%), from €65,472 to €81,977
- Taxes +€12,829
up €12,829 (+17.7%), from €72,574 to €85,403
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 | €2,617,645 | €3,126,819 | +€509,174 | +19.5% |
| Fixed assets | 21/28 | €347,585 | €337,677 | -€9,908 | -2.9% |
| Intangible fixed assets | 21 | €0 | €0 | = | |
| Tangible fixed assets | 22/27 | €347,585 | €337,677 | -€9,908 | -2.9% |
| Land and buildings | 22 | €191,637 | €169,404 | -€22,233 | -11.6% |
| Plant, machinery and equipment | 23 | €80,872 | €55,152 | -€25,720 | -31.8% |
| Furniture and vehicles | 24 | €25,982 | €70,966 | +€44,984 | +173.1% |
| Other tangible fixed assets | 26 | €49,094 | €42,155 | -€6,939 | -14.1% |
| Current assets | 29/58 | €2,270,060 | €2,789,142 | +€519,082 | +22.9% |
| Stocks and contracts in progress | 3 | €746,840 | €1,119,425 | +€372,585 | +49.9% |
| Stocks | 30/36 | €746,840 | €1,119,425 | +€372,585 | +49.9% |
| Amounts receivable within one year | 40/41 | €1,102,108 | €1,463,924 | +€361,816 | +32.8% |
| Trade receivables | 40 | €1,052,198 | €1,416,597 | +€364,399 | +34.6% |
| Other amounts receivable | 41 | €49,910 | €47,327 | -€2,583 | -5.2% |
| Cash at bank and in hand | 54/58 | €393,396 | €192,566 | -€200,830 | -51.1% |
| Deferred charges and accrued income | 490/1 | €27,716 | €13,227 | -€14,489 | -52.3% |
| Total equity and liabilities | 10/49 | €2,617,645 | €3,126,819 | +€509,174 | +19.5% |
| Equity | 10/15 | €1,760,004 | €1,993,798 | +€233,794 | +13.3% |
| Contributions | 10/11 | €43,000 | €47,300 | +€4,300 | +10.0% |
| Reserves | 13 | €1,713,767 | €1,943,261 | +€229,494 | +13.4% |
| Distributable reserves | 133 | €1,713,767 | €1,943,261 | +€229,494 | +13.4% |
| Profit (loss) carried forward | 14 | €3,237 | €3,237 | = | 0.0% |
| Amounts payable | 17/49 | €857,641 | €1,133,021 | +€275,380 | +32.1% |
| Amounts payable after more than one year | 17 | €201,382 | €198,790 | -€2,592 | -1.3% |
| Financial debts | 170/4 | €201,382 | €198,790 | -€2,592 | -1.3% |
| Amounts payable within one year | 42/48 | €649,068 | €914,902 | +€265,834 | +41.0% |
| Financial debts | 43 | €379,809 | €484,725 | +€104,916 | +27.6% |
| Credit institutions | 430/8 | €379,809 | €484,725 | +€104,916 | +27.6% |
| Trade debts | 44 | €184,322 | €355,959 | +€171,637 | +93.1% |
| Suppliers | 440/4 | €184,322 | €355,959 | +€171,637 | +93.1% |
| Taxes, remuneration and social security | 45 | €84,937 | €74,218 | -€10,719 | -12.6% |
| Taxes | 450/3 | €58,050 | €44,192 | -€13,858 | -23.9% |
| Remuneration and social security | 454/9 | €26,887 | €30,026 | +€3,139 | +11.7% |
| Accrued charges and deferred income | 492/3 | €7,191 | €19,329 | +€12,138 | +168.8% |
| Remuneration, social security and pensions | 62 | €325,663 | €380,814 | +€55,151 | +16.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €65,472 | €81,977 | +€16,505 | +25.2% |
| Other operating charges | 640/8 | €8,193 | €9,262 | +€1,069 | +13.0% |
| Gross operating margin | 9900 | €711,974 | €847,111 | +€135,137 | +19.0% |
| Operating profit (loss) | 9901 | €312,646 | €375,058 | +€62,412 | +20.0% |
| Financial income | 75/76B | €2,336 | €2,602 | +€266 | +11.4% |
| Recurring financial income | 75 | €2,336 | €2,602 | +€266 | +11.4% |
| Financial charges | 65/66B | €38,570 | €58,462 | +€19,892 | +51.6% |
| Recurring financial charges | 65 | €38,570 | €58,462 | +€19,892 | +51.6% |
| Profit (loss) for the period before taxes | 9903 | €276,412 | €319,198 | +€42,786 | +15.5% |
| Income taxes | 67/77 | €72,574 | €85,403 | +€12,829 | +17.7% |
| Profit (loss) for the period | 9904 | €203,838 | €233,795 | +€29,957 | +14.7% |
| Profit (loss) for the period to be appropriated | 9905 | €203,838 | €233,795 | +€29,957 | +14.7% |
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 9 October 2026 via checked.be.