FITRIBUTION: 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.
FITRIBUTION
Largest movements
- Receivables within one year +€163,414
up €163,414 (+105%), from €156,023 to €319,437
of which Trade receivables: +€147,249
- Stocks and contracts +€154,983
up €154,983 (+41.9%), from €370,135 to €525,118
- Cash -€52,527
down €52,527 (-85.8%), from €61,235 to €8,708
mainly Receivables within one year (-€163,414) and Stocks and contracts (-€154,983)
- Reserves +€98,810
up €98,810 (+29.4%), from €335,954 to €434,764
- Short-term financial debts +€93,285
up €93,285 (+66.6%), from €140,135 to €233,420
- Accrued charges and deferred income -€40,751
down €40,751 (-80.1%), from €50,876 to €10,125
- Tax, wage and social debts +€32,938
up €32,938 (+89.2%), from €36,938 to €69,876
of which Taxes: +€34,336
- Trade debts +€26,520
up €26,520 (+173%), from €15,286 to €41,806
- Gross operating margin +€70,620
up €70,620 (+30.8%), from €229,630 to €300,250
- Taxes +€19,394
up €19,394 (+46.4%), from €41,771 to €61,165
- Staff costs +€11,081
up €11,081 (+19.2%), from €57,852 to €68,933
- Depreciation +€4,813
up €4,813 (+46.6%), from €10,321 to €15,134
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 | €644,399 | €903,591 | +€259,191 | +40.2% |
| Fixed assets | 21/28 | €56,480 | €49,491 | -€6,989 | -12.4% |
| Tangible fixed assets | 22/27 | €56,480 | €49,491 | -€6,989 | -12.4% |
| Plant, machinery and equipment | 23 | €36,889 | €36,017 | -€872 | -2.4% |
| Furniture and vehicles | 24 | €19,590 | €13,474 | -€6,117 | -31.2% |
| Current assets | 29/58 | €587,919 | €854,100 | +€266,180 | +45.3% |
| Stocks and contracts in progress | 3 | €370,135 | €525,118 | +€154,983 | +41.9% |
| Stocks | 30/36 | €370,135 | €525,118 | +€154,983 | +41.9% |
| Amounts receivable within one year | 40/41 | €156,023 | €319,437 | +€163,414 | +105% |
| Trade receivables | 40 | €99,523 | €246,772 | +€147,249 | +148% |
| Other amounts receivable | 41 | €56,500 | €72,664 | +€16,165 | +28.6% |
| Cash at bank and in hand | 54/58 | €61,235 | €8,708 | -€52,527 | -85.8% |
| Deferred charges and accrued income | 490/1 | €526 | €836 | +€310 | +59.0% |
| Total equity and liabilities | 10/49 | €644,399 | €903,591 | +€259,191 | +40.2% |
| Equity | 10/15 | €354,554 | €453,364 | +€98,810 | +27.9% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €335,954 | €434,764 | +€98,810 | +29.4% |
| Distributable reserves | 133 | €335,954 | €434,764 | +€98,810 | +29.4% |
| Amounts payable | 17/49 | €289,845 | €450,227 | +€160,382 | +55.3% |
| Amounts payable after more than one year | 17 | €32,501 | €45,340 | +€12,839 | +39.5% |
| Financial debts | 170/4 | €32,501 | €45,340 | +€12,839 | +39.5% |
| Amounts payable within one year | 42/48 | €206,468 | €394,762 | +€188,294 | +91.2% |
| Current portion of amounts payable after more than one year | 42 | €9,773 | €26,547 | +€16,774 | +172% |
| Financial debts | 43 | €140,135 | €233,420 | +€93,285 | +66.6% |
| Credit institutions | 430/8 | €140,135 | €233,420 | +€93,285 | +66.6% |
| Trade debts | 44 | €15,286 | €41,806 | +€26,520 | +173% |
| Suppliers | 440/4 | €15,286 | €41,806 | +€26,520 | +173% |
| Taxes, remuneration and social security | 45 | €36,938 | €69,876 | +€32,938 | +89.2% |
| Taxes | 450/3 | €29,816 | €64,151 | +€34,336 | +115% |
| Remuneration and social security | 454/9 | €7,123 | €5,725 | -€1,398 | -19.6% |
| Other amounts payable | 47/48 | €4,336 | €23,114 | +€18,778 | +433% |
| Accrued charges and deferred income | 492/3 | €50,876 | €10,125 | -€40,751 | -80.1% |
| Remuneration, social security and pensions | 62 | €57,852 | €68,933 | +€11,081 | +19.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,321 | €15,134 | +€4,813 | +46.6% |
| Other operating charges | 640/8 | €1,920 | €1,675 | -€245 | -12.8% |
| Gross operating margin | 9900 | €229,630 | €300,250 | +€70,620 | +30.8% |
| Operating profit (loss) | 9901 | €159,537 | €214,508 | +€54,971 | +34.5% |
| Financial income | 75/76B | €1,148 | €1,784 | +€636 | +55.3% |
| Recurring financial income | 75 | €1,148 | €1,784 | +€636 | +55.3% |
| Financial charges | 65/66B | €16,839 | €14,865 | -€1,974 | -11.7% |
| Recurring financial charges | 65 | €16,839 | €14,865 | -€1,974 | -11.7% |
| Profit (loss) for the period before taxes | 9903 | €143,846 | €201,428 | +€57,581 | +40.0% |
| Income taxes | 67/77 | €41,771 | €61,165 | +€19,394 | +46.4% |
| Profit (loss) for the period | 9904 | €102,075 | €140,262 | +€38,187 | +37.4% |
| Profit (loss) for the period to be appropriated | 9905 | €102,075 | €140,262 | +€38,187 | +37.4% |
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 16 October 2026 via checked.be.