FITRAW: 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.
FITRAW
Largest movements
- Receivables within one year -€53,546
down €53,546 (-69.3%), from €77,296 to €23,750
of which Other amounts receivable: -€57,572
- Cash -€43,198
down €43,198 (-26.1%), from €165,821 to €122,623
mainly Contributions, distributions and other (-€210,600) and Trade debts (-€14,996)
- Tangible fixed assets -€11,789
down €11,789 (-16.0%), from €73,649 to €61,860
of which Furniture and vehicles: -€6,563
- Stocks and contracts +€5,282
up €5,282 (+35.8%), from €14,773 to €20,055
- Profit (loss) carried forward -€123,364
down €123,364 (-92.1%), from €133,968 to €10,605
- Trade debts -€14,996
down €14,996 (-23.6%), from €63,586 to €48,590
- Tax, wage and social debts +€14,165
up €14,165 (+13.7%), from €103,564 to €117,728
of which Taxes: +€10,187
- Contributions +€12,400
up €12,400 (+248.0%), from €5,000 to €17,400
- Current portion of long-term debt +€5,301
up €5,301 (+83.2%), from €6,372 to €11,673
- Gross operating margin +€79,948
up €79,948 (+10.0%), from €800,779 to €880,726
- Taxes +€15,861
up €15,861 (+128.3%), from €12,361 to €28,222
- Staff costs -€15,474
down €15,474 (-2.2%), from €717,529 to €702,055
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 | €331,539 | €228,288 | -€103,251 | -31.1% |
| Fixed assets | 21/28 | €73,649 | €61,860 | -€11,789 | -16.0% |
| Tangible fixed assets | 22/27 | €73,649 | €61,860 | -€11,789 | -16.0% |
| Furniture and vehicles | 24 | €41,782 | €35,220 | -€6,563 | -15.7% |
| Other tangible fixed assets | 26 | €31,867 | €26,640 | -€5,226 | -16.4% |
| Current assets | 29/58 | €257,890 | €166,428 | -€91,462 | -35.5% |
| Stocks and contracts in progress | 3 | €14,773 | €20,055 | +€5,282 | +35.8% |
| Stocks | 30/36 | €14,773 | €20,055 | +€5,282 | +35.8% |
| Amounts receivable within one year | 40/41 | €77,296 | €23,750 | -€53,546 | -69.3% |
| Trade receivables | 40 | €18,003 | €22,028 | +€4,025 | +22.4% |
| Other amounts receivable | 41 | €59,293 | €1,722 | -€57,572 | -97.1% |
| Cash at bank and in hand | 54/58 | €165,821 | €122,623 | -€43,198 | -26.1% |
| Total equity and liabilities | 10/49 | €331,539 | €228,288 | -€103,251 | -31.1% |
| Equity | 10/15 | €138,968 | €28,005 | -€110,964 | -79.8% |
| Contributions | 10/11 | €5,000 | €17,400 | +€12,400 | +248.0% |
| Profit (loss) carried forward | 14 | €133,968 | €10,605 | -€123,364 | -92.1% |
| Amounts payable | 17/49 | €192,571 | €200,283 | +€7,713 | +4.0% |
| Amounts payable after more than one year | 17 | €19,049 | €22,058 | +€3,009 | +15.8% |
| Financial debts | 170/4 | €19,049 | €22,058 | +€3,009 | +15.8% |
| Amounts payable within one year | 42/48 | €173,522 | €178,226 | +€4,704 | +2.7% |
| Current portion of amounts payable after more than one year | 42 | €6,372 | €11,673 | +€5,301 | +83.2% |
| Trade debts | 44 | €63,586 | €48,590 | -€14,996 | -23.6% |
| Suppliers | 440/4 | €63,586 | €48,590 | -€14,996 | -23.6% |
| Taxes, remuneration and social security | 45 | €103,564 | €117,728 | +€14,165 | +13.7% |
| Taxes | 450/3 | €30,153 | €40,341 | +€10,187 | +33.8% |
| Remuneration and social security | 454/9 | €73,411 | €77,388 | +€3,977 | +5.4% |
| Other amounts payable | 47/48 | - | €235 | +€235 | |
| Remuneration, social security and pensions | 62 | €717,529 | €702,055 | -€15,474 | -2.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €25,052 | €26,268 | +€1,216 | +4.9% |
| Other operating charges | 640/8 | €2,865 | €5,272 | +€2,407 | +84.0% |
| Gross operating margin | 9900 | €800,779 | €880,726 | +€79,948 | +10.0% |
| Operating profit (loss) | 9901 | €55,333 | €147,131 | +€91,798 | +165.9% |
| Financial income | 75/76B | €1 | €6 | +€5 | +364.7% |
| Recurring financial income | 75 | €1 | €6 | +€5 | +364.7% |
| Financial charges | 65/66B | €16,818 | €19,279 | +€2,461 | +14.6% |
| Recurring financial charges | 65 | €16,818 | €19,279 | +€2,461 | +14.6% |
| Profit (loss) for the period before taxes | 9903 | €38,516 | €127,858 | +€89,342 | +232.0% |
| Income taxes | 67/77 | €12,361 | €28,222 | +€15,861 | +128.3% |
| Profit (loss) for the period | 9904 | €26,155 | €99,636 | +€73,481 | +280.9% |
| Profit (loss) for the period to be appropriated | 9905 | €26,155 | €99,636 | +€73,481 | +280.9% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.