FITZ ROY: 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 ROY
Largest movements
- Tangible fixed assets -€66,365
down €66,365 (-1.7%), from €4.0m to €3.9m
- Profit (loss) carried forward -€59,020
down €59,020 (-17.2%), from -€343,506 to -€402,526
- Provisions -€51,962
no longer reported in 2025 (was €51,962)
- Other debts +€47,014
up €47,014 (+1.1%), from €4.3m to €4.3m
- Financial income +€51,962
new in 2025: €51,962
of which Financial income: +€51,962
- Gross operating margin -€10,632
down €10,632 (-45.2%), from -€23,536 to -€34,168
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 | €4,000,386 | €3,936,408 | -€63,977 | -1.6% |
| Fixed assets | 21/28 | €3,995,996 | €3,929,631 | -€66,365 | -1.7% |
| Tangible fixed assets | 22/27 | €3,994,196 | €3,927,831 | -€66,365 | -1.7% |
| Land and buildings | 22 | €3,994,196 | €3,927,831 | -€66,365 | -1.7% |
| Financial fixed assets | 28 | €1,800 | €1,800 | = | 0.0% |
| Current assets | 29/58 | €4,389 | €6,777 | +€2,388 | +54.4% |
| Amounts receivable within one year | 40/41 | €629 | €1,905 | +€1,276 | +203% |
| Trade receivables | 40 | - | €1,905 | +€1,905 | |
| Other amounts receivable | 41 | €629 | - | -€629 | |
| Cash at bank and in hand | 54/58 | €453 | €1,454 | +€1,001 | +221% |
| Deferred charges and accrued income | 490/1 | €3,307 | €3,418 | +€111 | +3.4% |
| Total equity and liabilities | 10/49 | €4,000,386 | €3,936,408 | -€63,977 | -1.6% |
| Equity | 10/15 | -€323,506 | -€382,526 | -€59,020 | -18.2% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€343,506 | -€402,526 | -€59,020 | -17.2% |
| Provisions and deferred taxes | 16 | €51,962 | - | -€51,962 | |
| Provisions for liabilities and charges | 160/5 | €51,962 | - | -€51,962 | |
| Major repairs and maintenance | 162 | €51,962 | - | -€51,962 | |
| Amounts payable | 17/49 | €4,271,929 | €4,318,934 | +€47,005 | +1.1% |
| Amounts payable within one year | 42/48 | €4,271,929 | €4,318,934 | +€47,005 | +1.1% |
| Trade debts | 44 | €968 | €958 | -€9 | -1.0% |
| Suppliers | 440/4 | €968 | €958 | -€9 | -1.0% |
| Other amounts payable | 47/48 | €4,270,962 | €4,317,976 | +€47,014 | +1.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €66,365 | €66,365 | = | 0.0% |
| Other operating charges | 640/8 | €9,756 | €10,063 | +€306 | +3.1% |
| Gross operating margin | 9900 | -€23,536 | -€34,168 | -€10,632 | -45.2% |
| Operating profit (loss) | 9901 | -€99,658 | -€110,596 | -€10,939 | -11.0% |
| Financial income | 75/76B | - | €51,962 | +€51,962 | |
| Recurring financial income | 75 | - | €51,962 | +€51,962 | |
| Non-recurring financial income | 76B | - | €51,962 | +€51,962 | |
| Financial charges | 65/66B | €241 | €386 | +€145 | +60.3% |
| Recurring financial charges | 65 | €241 | €386 | +€145 | +60.3% |
| Profit (loss) for the period before taxes | 9903 | -€99,898 | -€59,020 | +€40,878 | +40.9% |
| Profit (loss) for the period | 9904 | -€99,898 | -€59,020 | +€40,878 | +40.9% |
| Profit (loss) for the period to be appropriated | 9905 | -€99,898 | -€59,020 | +€40,878 | +40.9% |
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.