FITRACO: what changed
FITRACO
Largest movements
- Receivables within one year -€426,331
down €426,331 (-36.7%), from €1.2m to €734,901
of which Trade receivables: -€321,162
- Financial fixed assets +€242,584
up €242,584 (+27.5%), from €881,926 to €1.1m
- Cash -€233,980
down €233,980 (-99.2%), from €235,931 to €1,951
mainly Debts after one year (-€435,631) and Trade debts (-€242,542)
- Receivables after one year -€226,671
down €226,671 (-13.2%), from €1.7m to €1.5m
- Deferred charges and accrued income +€85,106
up €85,106 (+231%), from €36,866 to €121,973
- Debts after one year -€435,631
down €435,631 (-29.1%), from €1.5m to €1.1m
- Trade debts -€242,542
down €242,542 (-85.5%), from €283,790 to €41,248
- Current portion of long-term debt -€120,922
down €120,922 (-25.1%), from €482,508 to €361,586
- Profit (loss) carried forward +€92,832
up €92,832 (+10.6%), from €876,748 to €969,580
- Short-term financial debts +€55,670
new in 2025: €55,670
- Gross operating margin -€111,343
down €111,343 (-58.5%), from €190,469 to €79,126
- Financial income +€38,746
up €38,746 (+59.6%), from €65,024 to €103,770
of which Financial income: +€38,746
- Financial charges +€34,893
up €34,893 (+69.2%), from €50,457 to €85,349
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €4,237,768 | €3,656,485 | -€581,283 | -13.7% |
| Fixed assets | 21/28 | €1,085,670 | €1,306,264 | +€220,593 | +20.3% |
| Tangible fixed assets | 22/27 | €203,744 | €181,754 | -€21,990 | -10.8% |
| Other tangible fixed assets | 26 | €203,744 | €181,754 | -€21,990 | -10.8% |
| Financial fixed assets | 28 | €881,926 | €1,124,510 | +€242,584 | +27.5% |
| Current assets | 29/58 | €3,152,098 | €2,350,222 | -€801,876 | -25.4% |
| Amounts receivable after more than one year | 29 | €1,718,068 | €1,491,397 | -€226,671 | -13.2% |
| Trade receivables | 290 | €1,718,068 | €1,491,397 | -€226,671 | -13.2% |
| Amounts receivable within one year | 40/41 | €1,161,232 | €734,901 | -€426,331 | -36.7% |
| Trade receivables | 40 | €365,034 | €43,872 | -€321,162 | -88.0% |
| Other amounts receivable | 41 | €796,198 | €691,029 | -€105,169 | -13.2% |
| Cash at bank and in hand | 54/58 | €235,931 | €1,951 | -€233,980 | -99.2% |
| Deferred charges and accrued income | 490/1 | €36,866 | €121,973 | +€85,106 | +231% |
| Total equity and liabilities | 10/49 | €4,237,768 | €3,656,485 | -€581,283 | -13.7% |
| Equity | 10/15 | €1,976,748 | €2,069,580 | +€92,832 | +4.7% |
| Contributions | 10/11 | €1,000,000 | €1,000,000 | = | 0.0% |
| Capital | 10 | €1,000,000 | €1,000,000 | = | 0.0% |
| Issued capital | 100 | €1,000,000 | €1,000,000 | = | 0.0% |
| Reserves | 13 | €100,000 | €100,000 | = | 0.0% |
| Non-distributable reserves | 130/1 | €100,000 | €100,000 | = | 0.0% |
| Legal reserve | 130 | €100,000 | €100,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €876,748 | €969,580 | +€92,832 | +10.6% |
| Amounts payable | 17/49 | €2,261,020 | €1,586,905 | -€674,115 | -29.8% |
| Amounts payable after more than one year | 17 | €1,494,722 | €1,059,091 | -€435,631 | -29.1% |
| Financial debts | 170/4 | €1,494,722 | €1,059,091 | -€435,631 | -29.1% |
| Amounts payable within one year | 42/48 | €766,298 | €527,814 | -€238,484 | -31.1% |
| Current portion of amounts payable after more than one year | 42 | €482,508 | €361,586 | -€120,922 | -25.1% |
| Financial debts | 43 | - | €55,670 | +€55,670 | |
| Credit institutions | 430/8 | - | €55,670 | +€55,670 | |
| Trade debts | 44 | €283,790 | €41,248 | -€242,542 | -85.5% |
| Suppliers | 440/4 | €283,790 | €41,248 | -€242,542 | -85.5% |
| Taxes, remuneration and social security | 45 | €0 | €44,304 | +€44,304 | |
| Taxes | 450/3 | €0 | €44,304 | +€44,304 | |
| Other amounts payable | 47/48 | - | €25,006 | +€25,006 | |
| Remuneration, social security and pensions | 62 | €164 | €233 | +€69 | +42.0% |
| Other operating charges | 640/8 | €5,811 | €4,481 | -€1,329 | -22.9% |
| Gross operating margin | 9900 | €190,469 | €79,126 | -€111,343 | -58.5% |
| Operating profit (loss) | 9901 | €184,494 | €74,411 | -€110,083 | -59.7% |
| Financial income | 75/76B | €65,024 | €103,770 | +€38,746 | +59.6% |
| Recurring financial income | 75 | €65,024 | €103,770 | +€38,746 | +59.6% |
| Non-recurring financial income | 76B | €0 | - | = | |
| Financial charges | 65/66B | €50,457 | €85,349 | +€34,893 | +69.2% |
| Recurring financial charges | 65 | €50,457 | €85,349 | +€34,893 | +69.2% |
| Profit (loss) for the period before taxes | 9903 | €199,061 | €92,832 | -€106,229 | -53.4% |
| Profit (loss) for the period | 9904 | €199,061 | €92,832 | -€106,229 | -53.4% |
| Profit (loss) for the period to be appropriated | 9905 | €199,061 | €92,832 | -€106,229 | -53.4% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 2 November 2026 via checked.be.