Fitz: 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.
Fitz
Largest movements
- Tangible fixed assets -€17,885
down €17,885 (-6.3%), from €285,990 to €268,105
of which Land and buildings: -€13,211
- Cash +€8,750
up €8,750 (+44.3%), from €19,743 to €28,493
mainly Depreciation (+€27,080) and Current portion of long-term debt (+€13,901)
- Receivables within one year -€3,779
down €3,779 (-60.6%), from €6,234 to €2,455
of which Trade receivables: -€4,735
- Debts after one year -€31,749
down €31,749 (-10.7%), from €297,267 to €265,518
- Other debts -€17,291
down €17,291 (-38.8%), from €44,559 to €27,268
- Current portion of long-term debt +€13,901
new in 2025: €13,901
- Profit (loss) carried forward +€13,514
up €13,514 (+52.9%), from -€25,537 to -€12,024
- Gross operating margin +€13,163
up €13,163 (+15.3%), from €86,135 to €99,298
- Staff costs +€7,471
up €7,471 (+19.6%), from €38,180 to €45,651
- Taxes +€2,100
up €2,100 (+1,232%), from €170 to €2,270
- Financial charges -€1,799
down €1,799 (-17.6%), from €10,230 to €8,430
- Other operating charges -€1,671
down €1,671 (-41.2%), from €4,054 to €2,383
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 | €342,177 | €325,391 | -€16,786 | -4.9% |
| Fixed assets | 21/28 | €289,387 | €270,407 | -€18,980 | -6.6% |
| Intangible fixed assets | 21 | €3,397 | €2,303 | -€1,095 | -32.2% |
| Tangible fixed assets | 22/27 | €285,990 | €268,105 | -€17,885 | -6.3% |
| Land and buildings | 22 | €265,186 | €251,976 | -€13,211 | -5.0% |
| Plant, machinery and equipment | 23 | €8,618 | €8,124 | -€493 | -5.7% |
| Furniture and vehicles | 24 | €12,186 | €8,005 | -€4,181 | -34.3% |
| Current assets | 29/58 | €52,790 | €54,984 | +€2,194 | +4.2% |
| Stocks and contracts in progress | 3 | €26,813 | €23,941 | -€2,872 | -10.7% |
| Stocks | 30/36 | €26,813 | €23,941 | -€2,872 | -10.7% |
| Amounts receivable within one year | 40/41 | €6,234 | €2,455 | -€3,779 | -60.6% |
| Trade receivables | 40 | €6,046 | €1,311 | -€4,735 | -78.3% |
| Other amounts receivable | 41 | €187 | €1,144 | +€956 | +510% |
| Cash at bank and in hand | 54/58 | €19,743 | €28,493 | +€8,750 | +44.3% |
| Deferred charges and accrued income | 490/1 | - | €95 | +€95 | |
| Total equity and liabilities | 10/49 | €342,177 | €325,391 | -€16,786 | -4.9% |
| Equity | 10/15 | -€13,113 | €401 | +€13,514 | |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €24 | €24 | = | 0.0% |
| Distributable reserves | 133 | €24 | €24 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€25,537 | -€12,024 | +€13,514 | +52.9% |
| Amounts payable | 17/49 | €355,290 | €324,990 | -€30,300 | -8.5% |
| Amounts payable after more than one year | 17 | €297,267 | €265,518 | -€31,749 | -10.7% |
| Financial debts | 170/4 | €297,267 | €265,518 | -€31,749 | -10.7% |
| Amounts payable within one year | 42/48 | €58,023 | €59,472 | +€1,449 | +2.5% |
| Current portion of amounts payable after more than one year | 42 | - | €13,901 | +€13,901 | |
| Trade debts | 44 | €4,664 | €6,271 | +€1,607 | +34.5% |
| Suppliers | 440/4 | €4,664 | €6,271 | +€1,607 | +34.5% |
| Taxes, remuneration and social security | 45 | €8,800 | €12,032 | +€3,232 | +36.7% |
| Taxes | 450/3 | €6,317 | €8,482 | +€2,165 | +34.3% |
| Remuneration and social security | 454/9 | €2,483 | €3,550 | +€1,067 | +43.0% |
| Other amounts payable | 47/48 | €44,559 | €27,268 | -€17,291 | -38.8% |
| Remuneration, social security and pensions | 62 | €38,180 | €45,651 | +€7,471 | +19.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €26,170 | €27,080 | +€909 | +3.5% |
| Other operating charges | 640/8 | €4,054 | €2,383 | -€1,671 | -41.2% |
| Gross operating margin | 9900 | €86,135 | €99,298 | +€13,163 | +15.3% |
| Operating profit (loss) | 9901 | €17,731 | €24,185 | +€6,454 | +36.4% |
| Financial income | 75/76B | €23 | €30 | +€7 | +28.2% |
| Recurring financial income | 75 | €23 | €30 | +€7 | +28.2% |
| Financial charges | 65/66B | €10,230 | €8,430 | -€1,799 | -17.6% |
| Recurring financial charges | 65 | €10,230 | €8,430 | -€1,799 | -17.6% |
| Profit (loss) for the period before taxes | 9903 | €7,525 | €15,784 | +€8,259 | +110% |
| Income taxes | 67/77 | €170 | €2,270 | +€2,100 | +1,232% |
| Profit (loss) for the period | 9904 | €7,354 | €13,514 | +€6,160 | +83.8% |
| Profit (loss) for the period to be appropriated | 9905 | €7,354 | €13,514 | +€6,160 | +83.8% |
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 17 October 2026 via checked.be.