FITS: 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.
FITS
Largest movements
- Current investments +€79,421
new in 2025: €79,421
- Cash +€37,957
up €37,957 (+11.7%), from €323,558 to €361,515
mainly Net result for the year (+€178,051) and Depreciation (+€70,885)
- Receivables within one year +€21,516
up €21,516 (+31.4%), from €68,526 to €90,042
of which Trade receivables: +€29,033
- Tangible fixed assets -€17,180
down €17,180 (-3.6%), from €472,704 to €455,524
of which Furniture and vehicles: -€12,831
- Reserves +€160,605
up €160,605 (+41.2%), from €389,782 to €550,387
of which Distributable reserves: +€160,605
- Debts after one year -€43,099
down €43,099 (-13.4%), from €321,433 to €278,334
- Tax, wage and social debts +€28,720
up €28,720 (+38.9%), from €73,903 to €102,623
- Trade debts -€22,952
down €22,952 (-61.2%), from €37,516 to €14,564
- Gross operating margin +€111,540
up €111,540 (+51.7%), from €215,951 to €327,492
- Taxes +€38,560
up €38,560 (+122.6%), from €31,444 to €70,004
- Financial income +€3,377
up €3,377 (+631.9%), from €534 to €3,911
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 | €873,317 | €996,407 | +€123,090 | +14.1% |
| Fixed assets | 21/28 | €475,974 | €458,794 | -€17,180 | -3.6% |
| Tangible fixed assets | 22/27 | €472,704 | €455,524 | -€17,180 | -3.6% |
| Land and buildings | 22 | €359,439 | €367,340 | +€7,901 | +2.2% |
| Plant, machinery and equipment | 23 | €62,816 | €50,946 | -€11,870 | -18.9% |
| Furniture and vehicles | 24 | €29,887 | €17,056 | -€12,831 | -42.9% |
| Other tangible fixed assets | 26 | €19,425 | €19,425 | = | 0.0% |
| Assets under construction and advance payments | 27 | €1,137 | €758 | -€379 | -33.3% |
| Financial fixed assets | 28 | €3,270 | €3,270 | = | 0.0% |
| Current assets | 29/58 | €397,343 | €537,613 | +€140,270 | +35.3% |
| Amounts receivable within one year | 40/41 | €68,526 | €90,042 | +€21,516 | +31.4% |
| Trade receivables | 40 | €38,622 | €67,655 | +€29,033 | +75.2% |
| Other amounts receivable | 41 | €29,904 | €22,387 | -€7,517 | -25.1% |
| Current investments | 50/53 | - | €79,421 | +€79,421 | |
| Cash at bank and in hand | 54/58 | €323,558 | €361,515 | +€37,957 | +11.7% |
| Deferred charges and accrued income | 490/1 | €5,259 | €6,636 | +€1,377 | +26.2% |
| Total equity and liabilities | 10/49 | €873,317 | €996,407 | +€123,090 | +14.1% |
| Equity | 10/15 | €395,982 | €556,587 | +€160,605 | +40.6% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €389,782 | €550,387 | +€160,605 | +41.2% |
| Tax-exempt reserves | 132 | €2,200 | €2,200 | = | 0.0% |
| Distributable reserves | 133 | €387,582 | €548,187 | +€160,605 | +41.4% |
| Amounts payable | 17/49 | €477,335 | €439,820 | -€37,515 | -7.9% |
| Amounts payable after more than one year | 17 | €321,433 | €278,334 | -€43,099 | -13.4% |
| Financial debts | 170/4 | €321,433 | €278,334 | -€43,099 | -13.4% |
| Amounts payable within one year | 42/48 | €155,902 | €160,286 | +€4,384 | +2.8% |
| Current portion of amounts payable after more than one year | 42 | €44,483 | €43,099 | -€1,385 | -3.1% |
| Trade debts | 44 | €37,516 | €14,564 | -€22,952 | -61.2% |
| Suppliers | 440/4 | €37,516 | €14,564 | -€22,952 | -61.2% |
| Taxes, remuneration and social security | 45 | €73,903 | €102,623 | +€28,720 | +38.9% |
| Taxes | 450/3 | €73,903 | €102,623 | +€28,720 | +38.9% |
| Accrued charges and deferred income | 492/3 | - | €1,200 | +€1,200 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €67,903 | €70,885 | +€2,982 | +4.4% |
| Other operating charges | 640/8 | €5,181 | €4,556 | -€625 | -12.1% |
| Gross operating margin | 9900 | €215,951 | €327,492 | +€111,540 | +51.7% |
| Operating profit (loss) | 9901 | €142,867 | €252,051 | +€109,183 | +76.4% |
| Financial income | 75/76B | €534 | €3,911 | +€3,377 | +631.9% |
| Recurring financial income | 75 | €534 | €3,911 | +€3,377 | +631.9% |
| Financial charges | 65/66B | €8,662 | €7,907 | -€755 | -8.7% |
| Recurring financial charges | 65 | €8,662 | €7,907 | -€755 | -8.7% |
| Profit (loss) for the period before taxes | 9903 | €134,740 | €248,055 | +€113,315 | +84.1% |
| Income taxes | 67/77 | €31,444 | €70,004 | +€38,560 | +122.6% |
| Profit (loss) for the period | 9904 | €103,296 | €178,051 | +€74,756 | +72.4% |
| Profit (loss) for the period to be appropriated | 9905 | €103,296 | €178,051 | +€74,756 | +72.4% |
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 12 October 2026 via checked.be.