FITZGERALD: what changed
Two fiscal 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.
FITZGERALD
Largest movements
- Cash +€95,618
up €95,618 (+4872.1%), from €1,963 to €97,581
mainly Net result for the year (+€134,437) and Tax, wage and social debts (+€50,384)
- Tangible fixed assets +€22,010
new in 2025: €22,010
- Receivables within one year +€9,992
up €9,992 (+1.8%), from €545,091 to €555,083
of which Other amounts receivable: +€22,558
- Reserves +€134,437
up €134,437 (+33487.1%), from €401 to €134,839
- Other debts -€58,391
down €58,391 (-8.9%), from €658,673 to €600,282
- Tax, wage and social debts +€50,384
up €50,384 (+50203.0%), from €100 to €50,484
of which Taxes: +€47,251
- Gross operating margin +€179,053
up €179,053, from -€8,520 to €170,533
- Taxes +€45,399
up €45,399 (+45236.5%), from €100 to €45,500
- Depreciation +€8,893
new in 2025: €8,893
- Financial income +€7,079
up €7,079 (+43.8%), from €16,178 to €23,257
- Other operating charges -€2,239
down €2,239 (-31.6%), from €7,089 to €4,849
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 | €660,702 | €788,323 | +€127,620 | +19.3% |
| Fixed assets | 21/28 | €113,649 | €135,659 | +€22,010 | +19.4% |
| Tangible fixed assets | 22/27 | - | €22,010 | +€22,010 | |
| Furniture and vehicles | 24 | - | €22,010 | +€22,010 | |
| Financial fixed assets | 28 | €113,649 | €113,649 | = | 0.0% |
| Current assets | 29/58 | €547,053 | €652,664 | +€105,611 | +19.3% |
| Amounts receivable within one year | 40/41 | €545,091 | €555,083 | +€9,992 | +1.8% |
| Trade receivables | 40 | €32,566 | €20,000 | -€12,566 | -38.6% |
| Other amounts receivable | 41 | €512,525 | €535,083 | +€22,558 | +4.4% |
| Cash at bank and in hand | 54/58 | €1,963 | €97,581 | +€95,618 | +4872.1% |
| Total equity and liabilities | 10/49 | €660,702 | €788,323 | +€127,620 | +19.3% |
| Equity | 10/15 | €401 | €135,839 | +€135,437 | +33736.2% |
| Contributions | 10/11 | - | €1,000 | +€1,000 | |
| Reserves | 13 | €401 | €134,839 | +€134,437 | +33487.1% |
| Distributable reserves | 133 | €401 | €134,839 | +€134,437 | +33487.1% |
| Amounts payable | 17/49 | €660,301 | €652,484 | -€7,817 | -1.2% |
| Amounts payable within one year | 42/48 | €660,301 | €651,484 | -€8,817 | -1.3% |
| Trade debts | 44 | €1,528 | €718 | -€810 | -53.0% |
| Suppliers | 440/4 | €1,528 | €718 | -€810 | -53.0% |
| Taxes, remuneration and social security | 45 | €100 | €50,484 | +€50,384 | +50203.0% |
| Taxes | 450/3 | €100 | €47,351 | +€47,251 | +47081.5% |
| Remuneration and social security | 454/9 | - | €3,133 | +€3,133 | |
| Other amounts payable | 47/48 | €658,673 | €600,282 | -€58,391 | -8.9% |
| Accrued charges and deferred income | 492/3 | - | €1,000 | +€1,000 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €8,893 | +€8,893 | |
| Other operating charges | 640/8 | €7,089 | €4,849 | -€2,239 | -31.6% |
| Gross operating margin | 9900 | -€8,520 | €170,533 | +€179,053 | |
| Operating profit (loss) | 9901 | -€15,609 | €156,791 | +€172,399 | |
| Financial income | 75/76B | €16,178 | €23,257 | +€7,079 | +43.8% |
| Recurring financial income | 75 | €16,178 | €23,257 | +€7,079 | +43.8% |
| Financial charges | 65/66B | €68 | €111 | +€43 | +64.3% |
| Recurring financial charges | 65 | €68 | €111 | +€43 | +64.3% |
| Profit (loss) for the period before taxes | 9903 | €502 | €179,937 | +€179,435 | +35756.9% |
| Income taxes | 67/77 | €100 | €45,500 | +€45,399 | +45236.5% |
| Profit (loss) for the period | 9904 | €401 | €134,437 | +€134,036 | +33387.1% |
| Profit (loss) for the period to be appropriated | 9905 | €401 | €134,437 | +€134,036 | +33387.1% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 29 September 2026 via checked.be.