FITO-ELECTRO: what changed
Two fiscal 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-ELECTRO
Largest movements
- Tangible fixed assets -€6,276
down €6,276 (-40.0%), from €15,680 to €9,404
of which Furniture and vehicles: -€6,191
- Receivables within one year -€5,281
down €5,281 (-14.3%), from €36,828 to €31,547
of which Trade receivables: -€3,015
- Cash -€3,047
down €3,047 (-5.4%), from €56,892 to €53,846
mainly Net result for the year (-€17,822) and Stocks and contracts (-€2,726)
- Stocks and contracts +€2,726
up €2,726 (+5.0%), from €54,318 to €57,044
- Profit (loss) carried forward -€17,822
down €17,822 (-34.9%), from -€51,043 to -€68,865
- Other debts +€10,551
up €10,551 (+23.9%), from €44,093 to €54,644
- Debts after one year -€2,076
down €2,076 (-59.4%), from €3,493 to €1,417
- Write-downs -€32,842
new in 2025: -€32,842
- Other operating charges +€32,373
up €32,373 (+1974.8%), from €1,639 to €34,012
- Financial charges +€4,432
up €4,432 (+82.1%), from €5,400 to €9,832
- Gross operating margin -€3,084
down €3,084, from €2,847 to -€236
- Depreciation -€356
down €356 (-5.4%), from €6,632 to €6,276
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 | €169,675 | €158,098 | -€11,576 | -6.8% |
| Fixed assets | 21/28 | €15,680 | €9,404 | -€6,276 | -40.0% |
| Tangible fixed assets | 22/27 | €15,680 | €9,404 | -€6,276 | -40.0% |
| Plant, machinery and equipment | 23 | €85 | - | -€85 | |
| Furniture and vehicles | 24 | €15,595 | €9,404 | -€6,191 | -39.7% |
| Current assets | 29/58 | €153,995 | €148,695 | -€5,300 | -3.4% |
| Stocks and contracts in progress | 3 | €54,318 | €57,044 | +€2,726 | +5.0% |
| Stocks | 30/36 | €54,318 | €57,044 | +€2,726 | +5.0% |
| Amounts receivable within one year | 40/41 | €36,828 | €31,547 | -€5,281 | -14.3% |
| Trade receivables | 40 | €32,419 | €29,404 | -€3,015 | -9.3% |
| Other amounts receivable | 41 | €4,410 | €2,143 | -€2,266 | -51.4% |
| Cash at bank and in hand | 54/58 | €56,892 | €53,846 | -€3,047 | -5.4% |
| Deferred charges and accrued income | 490/1 | €5,956 | €6,258 | +€302 | +5.1% |
| Total equity and liabilities | 10/49 | €169,675 | €158,098 | -€11,576 | -6.8% |
| Equity | 10/15 | €95,231 | €77,409 | -€17,822 | -18.7% |
| Contributions | 10/11 | €11,155 | €11,155 | = | 0.0% |
| Reserves | 13 | €135,119 | €135,119 | = | 0.0% |
| Tax-exempt reserves | 132 | €57,960 | €57,960 | = | 0.0% |
| Distributable reserves | 133 | €77,159 | €77,159 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€51,043 | -€68,865 | -€17,822 | -34.9% |
| Amounts payable | 17/49 | €74,444 | €80,689 | +€6,246 | +8.4% |
| Amounts payable after more than one year | 17 | €3,493 | €1,417 | -€2,076 | -59.4% |
| Financial debts | 170/4 | €3,493 | €1,417 | -€2,076 | -59.4% |
| Amounts payable within one year | 42/48 | €67,620 | €75,534 | +€7,914 | +11.7% |
| Current portion of amounts payable after more than one year | 42 | €3,651 | €2,076 | -€1,575 | -43.1% |
| Trade debts | 44 | €15,558 | €14,116 | -€1,442 | -9.3% |
| Suppliers | 440/4 | €15,558 | €14,116 | -€1,442 | -9.3% |
| Taxes, remuneration and social security | 45 | €4,318 | €4,698 | +€380 | +8.8% |
| Taxes | 450/3 | €4,318 | €4,698 | +€380 | +8.8% |
| Other amounts payable | 47/48 | €44,093 | €54,644 | +€10,551 | +23.9% |
| Accrued charges and deferred income | 492/3 | €3,330 | €3,738 | +€408 | +12.2% |
| Non-recurring operating income | 76A | - | €9,917 | +€9,917 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,632 | €6,276 | -€356 | -5.4% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | -€32,842 | -€32,842 | |
| Other operating charges | 640/8 | €1,639 | €34,012 | +€32,373 | +1974.8% |
| Gross operating margin | 9900 | €2,847 | -€236 | -€3,084 | |
| Operating profit (loss) | 9901 | -€5,424 | -€7,683 | -€2,259 | -41.7% |
| Financial income | 75/76B | €67 | €50 | -€17 | -25.4% |
| Recurring financial income | 75 | €67 | €50 | -€17 | -25.4% |
| Financial charges | 65/66B | €5,400 | €9,832 | +€4,432 | +82.1% |
| Recurring financial charges | 65 | €5,400 | €9,832 | +€4,432 | +82.1% |
| Profit (loss) for the period before taxes | 9903 | -€10,757 | -€17,465 | -€6,709 | -62.4% |
| Income taxes | 67/77 | €590 | €357 | -€234 | -39.6% |
| Profit (loss) for the period | 9904 | -€11,347 | -€17,822 | -€6,475 | -57.1% |
| Profit (loss) for the period to be appropriated | 9905 | -€11,347 | -€17,822 | -€6,475 | -57.1% |
Source: filed annual accounts (NBB), fiscal years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 2 October 2026 via checked.be.