FitzGerald Enterprises: 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.
FitzGerald Enterprises
Largest movements
- Tangible fixed assets -€34,009
down €34,009 (-50.1%), from €67,904 to €33,895
of which Furniture and vehicles: -€33,653
- Deferred charges and accrued income +€18,795
new in 2025: €18,795
- Cash -€11,694
down €11,694 (-29.4%), from €39,733 to €28,039
mainly Debts after one year (-€23,931) and Contributions, distributions and other (-€22,500)
- Financial fixed assets -€3,090
down €3,090 (-58.4%), from €5,292 to €2,202
- Receivables within one year +€1,608
up €1,608 (+3.4%), from €46,856 to €48,464
of which Trade receivables: +€12,366
- Debts after one year -€23,931
down €23,931 (-70.3%), from €34,042 to €10,111
- Reserves -€22,500
down €22,500 (-29.9%), from €75,360 to €52,860
of which Distributable reserves: -€22,500
- Profit (loss) carried forward +€18,704
up €18,704 (+86.6%), from -€21,597 to -€2,893
- Other debts +€10,857
up €10,857 (+91.9%), from €11,813 to €22,670
- Trade debts -€7,852
down €7,852 (-54.0%), from €14,533 to €6,681
- Gross operating margin +€40,653
up €40,653, from -€8,988 to €31,665
- Financial charges -€7,112
down €7,112 (-65.9%), from €10,786 to €3,674
of which Non-recurring financial charges: -€8,639
- Depreciation -€6,279
down €6,279 (-42.8%), from €14,682 to €8,403
- Financial income -€788
down €788 (-55.5%), from €1,419 to €631
of which Non-recurring financial income: -€1,017
- Other operating charges -€658
down €658 (-43.3%), from €1,518 to €860
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 | €159,785 | €131,395 | -€28,390 | -17.8% |
| Fixed assets | 21/28 | €73,196 | €36,097 | -€37,099 | -50.7% |
| Tangible fixed assets | 22/27 | €67,904 | €33,895 | -€34,009 | -50.1% |
| Plant, machinery and equipment | 23 | €2,488 | €2,132 | -€356 | -14.3% |
| Furniture and vehicles | 24 | €65,416 | €31,763 | -€33,653 | -51.4% |
| Financial fixed assets | 28 | €5,292 | €2,202 | -€3,090 | -58.4% |
| Current assets | 29/58 | €86,589 | €95,298 | +€8,709 | +10.1% |
| Amounts receivable within one year | 40/41 | €46,856 | €48,464 | +€1,608 | +3.4% |
| Trade receivables | 40 | €31,017 | €43,383 | +€12,366 | +39.9% |
| Other amounts receivable | 41 | €15,839 | €5,081 | -€10,758 | -67.9% |
| Cash at bank and in hand | 54/58 | €39,733 | €28,039 | -€11,694 | -29.4% |
| Deferred charges and accrued income | 490/1 | - | €18,795 | +€18,795 | |
| Total equity and liabilities | 10/49 | €159,785 | €131,395 | -€28,390 | -17.8% |
| Equity | 10/15 | €64,963 | €61,167 | -€3,796 | -5.8% |
| Contributions | 10/11 | €11,200 | €11,200 | = | 0.0% |
| Reserves | 13 | €75,360 | €52,860 | -€22,500 | -29.9% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €73,500 | €51,000 | -€22,500 | -30.6% |
| Profit (loss) carried forward | 14 | -€21,597 | -€2,893 | +€18,704 | +86.6% |
| Amounts payable | 17/49 | €94,822 | €70,228 | -€24,594 | -25.9% |
| Amounts payable after more than one year | 17 | €34,042 | €10,111 | -€23,931 | -70.3% |
| Financial debts | 170/4 | €34,042 | €10,111 | -€23,931 | -70.3% |
| Amounts payable within one year | 42/48 | €51,685 | €54,418 | +€2,733 | +5.3% |
| Current portion of amounts payable after more than one year | 42 | €11,718 | €5,771 | -€5,947 | -50.8% |
| Financial debts | 43 | €1,967 | - | -€1,967 | |
| Credit institutions | 430/8 | €1,967 | - | -€1,967 | |
| Trade debts | 44 | €14,533 | €6,681 | -€7,852 | -54.0% |
| Suppliers | 440/4 | €14,533 | €6,681 | -€7,852 | -54.0% |
| Taxes, remuneration and social security | 45 | €11,654 | €19,296 | +€7,642 | +65.6% |
| Taxes | 450/3 | €7,886 | €13,805 | +€5,919 | +75.1% |
| Remuneration and social security | 454/9 | €3,768 | €5,491 | +€1,723 | +45.7% |
| Other amounts payable | 47/48 | €11,813 | €22,670 | +€10,857 | +91.9% |
| Accrued charges and deferred income | 492/3 | €9,095 | €5,699 | -€3,396 | -37.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,682 | €8,403 | -€6,279 | -42.8% |
| Other operating charges | 640/8 | €1,518 | €860 | -€658 | -43.3% |
| Gross operating margin | 9900 | -€8,988 | €31,665 | +€40,653 | |
| Operating profit (loss) | 9901 | -€25,188 | €22,402 | +€47,590 | |
| Financial income | 75/76B | €1,419 | €631 | -€788 | -55.5% |
| Recurring financial income | 75 | €7 | €236 | +€229 | +3,271% |
| Non-recurring financial income | 76B | €1,412 | €395 | -€1,017 | -72.0% |
| Financial charges | 65/66B | €10,786 | €3,674 | -€7,112 | -65.9% |
| Recurring financial charges | 65 | €2,147 | €3,674 | +€1,527 | +71.1% |
| Non-recurring financial charges | 66B | €8,639 | - | -€8,639 | |
| Profit (loss) for the period before taxes | 9903 | -€34,555 | €19,359 | +€53,914 | |
| Income taxes | 67/77 | €520 | €655 | +€135 | +26.0% |
| Profit (loss) for the period | 9904 | -€35,075 | €18,704 | +€53,779 | |
| Profit (loss) for the period to be appropriated | 9905 | -€35,075 | €18,704 | +€53,779 |
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.