Fitwash: 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.
Fitwash
Largest movements
- Financial fixed assets +€526,800
up €526,800 (+60.5%), from €870,931 to €1.4m
- Cash +€217,575
up €217,575 (+19.8%), from €1.1m to €1.3m
mainly Other debts (+€2.1m) and Net result for the year (+€933,346)
- Tangible fixed assets +€128,221
up €128,221 (+5.7%), from €2.2m to €2.4m
of which Land and buildings: +€146,188
- Other debts +€2.1m
up €2.1m (+203%), from €1.0m to €3.1m
- Reserves -€1.2m
down €1.2m (-28.5%), from €4.2m to €3.0m
of which Distributable reserves: -€1.2m
- Trade debts +€300,400
up €300,400 (+456%), from €65,852 to €366,252
- Tax, wage and social debts -€145,295
down €145,295 (-80.0%), from €181,673 to €36,378
- Debts after one year -€92,361
down €92,361 (-21.1%), from €437,042 to €344,680
of which Financial debts: -€92,361
- Financial income +€113,747
up €113,747 (+37.0%), from €307,809 to €421,557
- Gross operating margin -€112,611
down €112,611 (-9.9%), from €1.1m to €1.0m
- Taxes -€73,765
down €73,765 (-28.3%), from €260,706 to €186,941
- Financial charges +€55,021
up €55,021 (+184%), from €29,831 to €84,852
- Depreciation +€38,347
up €38,347 (+22.2%), from €172,821 to €211,169
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 | €6,112,270 | €7,118,189 | +€1.0m | +16.5% |
| Fixed assets | 21/28 | €3,114,681 | €3,769,702 | +€655,021 | +21.0% |
| Tangible fixed assets | 22/27 | €2,243,750 | €2,371,971 | +€128,221 | +5.7% |
| Land and buildings | 22 | €1,494,188 | €1,640,376 | +€146,188 | +9.8% |
| Plant, machinery and equipment | 23 | €660,842 | €636,585 | -€24,257 | -3.7% |
| Furniture and vehicles | 24 | €88,720 | €76,636 | -€12,085 | -13.6% |
| Other tangible fixed assets | 26 | - | €18,375 | +€18,375 | |
| Financial fixed assets | 28 | €870,931 | €1,397,731 | +€526,800 | +60.5% |
| Current assets | 29/58 | €2,997,589 | €3,348,487 | +€350,898 | +11.7% |
| Stocks and contracts in progress | 3 | €7,734 | €6,442 | -€1,292 | -16.7% |
| Stocks | 30/36 | €7,734 | €6,442 | -€1,292 | -16.7% |
| Amounts receivable within one year | 40/41 | €629,928 | €696,636 | +€66,708 | +10.6% |
| Trade receivables | 40 | €187,474 | €57,239 | -€130,235 | -69.5% |
| Other amounts receivable | 41 | €442,454 | €639,398 | +€196,944 | +44.5% |
| Current investments | 50/53 | €1,250,000 | €1,305,900 | +€55,900 | +4.5% |
| Cash at bank and in hand | 54/58 | €1,096,371 | €1,313,947 | +€217,575 | +19.8% |
| Deferred charges and accrued income | 490/1 | €13,556 | €25,562 | +€12,006 | +88.6% |
| Total equity and liabilities | 10/49 | €6,112,270 | €7,118,189 | +€1.0m | +16.5% |
| Equity | 10/15 | €4,246,973 | €3,046,755 | -€1.2m | -28.3% |
| Contributions | 10/11 | €32,280 | €32,280 | = | 0.0% |
| Reserves | 13 | €4,214,693 | €3,014,475 | -€1.2m | -28.5% |
| Tax-exempt reserves | 132 | €137,623 | €123,668 | -€13,955 | -10.1% |
| Distributable reserves | 133 | €4,077,070 | €2,890,807 | -€1.2m | -29.1% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Provisions and deferred taxes | 16 | €45,874 | €41,223 | -€4,652 | -10.1% |
| Deferred taxes | 168 | €45,874 | €41,223 | -€4,652 | -10.1% |
| Amounts payable | 17/49 | €1,819,423 | €4,030,211 | +€2.2m | +122% |
| Amounts payable after more than one year | 17 | €437,042 | €344,680 | -€92,361 | -21.1% |
| Financial debts | 170/4 | €434,792 | €342,430 | -€92,361 | -21.2% |
| Other amounts payable | 178/9 | €2,250 | €2,250 | = | 0.0% |
| Amounts payable within one year | 42/48 | €1,370,907 | €3,623,292 | +€2.3m | +164% |
| Current portion of amounts payable after more than one year | 42 | €91,596 | €92,361 | +€765 | +0.8% |
| Trade debts | 44 | €65,852 | €366,252 | +€300,400 | +456% |
| Suppliers | 440/4 | €65,852 | €366,252 | +€300,400 | +456% |
| Taxes, remuneration and social security | 45 | €181,673 | €36,378 | -€145,295 | -80.0% |
| Taxes | 450/3 | €181,673 | €36,378 | -€145,295 | -80.0% |
| Other amounts payable | 47/48 | €1,031,786 | €3,128,301 | +€2.1m | +203% |
| Accrued charges and deferred income | 492/3 | €11,475 | €62,239 | +€50,763 | +442% |
| Non-recurring operating income | 76A | €86,241 | €0 | -€86,241 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €172,821 | €211,169 | +€38,347 | +22.2% |
| Other operating charges | 640/8 | €66,638 | €37,871 | -€28,768 | -43.2% |
| Gross operating margin | 9900 | €1,140,581 | €1,027,970 | -€112,611 | -9.9% |
| Operating profit (loss) | 9901 | €901,121 | €778,931 | -€122,190 | -13.6% |
| Financial income | 75/76B | €307,809 | €421,557 | +€113,747 | +37.0% |
| Recurring financial income | 75 | €307,809 | €421,557 | +€113,747 | +37.0% |
| Financial charges | 65/66B | €29,831 | €84,852 | +€55,021 | +184% |
| Recurring financial charges | 65 | €29,831 | €84,852 | +€55,021 | +184% |
| Profit (loss) for the period before taxes | 9903 | €1,179,099 | €1,115,635 | -€63,464 | -5.4% |
| Transfer from deferred taxes | 780 | €2,617 | €4,652 | +€2,034 | +77.7% |
| Transfer to deferred taxes | 680 | €0 | - | = | |
| Income taxes | 67/77 | €260,706 | €186,941 | -€73,765 | -28.3% |
| Profit (loss) for the period | 9904 | €921,010 | €933,346 | +€12,336 | +1.3% |
| Transfer from tax-exempt reserves | 789 | €7,852 | €13,955 | +€6,103 | +77.7% |
| Profit (loss) for the period to be appropriated | 9905 | €928,862 | €947,301 | +€18,439 | +2.0% |
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 14 October 2026 via checked.be.