Fitzsimons Consulting: 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.
Fitzsimons Consulting
Largest movements
- Cash -€15,914
down €15,914 (-85.2%), from €18,684 to €2,770
mainly Investment in fixed assets (net) (-€21,620) and Debts after one year (-€8,096)
- Tangible fixed assets +€9,731
up €9,731 (+17.8%), from €54,820 to €64,551
of which Other tangible fixed assets: +€17,741
- Receivables within one year +€2,291
up €2,291 (+9.5%), from €24,016 to €26,307
of which Other amounts receivable: +€3,603
- Financial fixed assets -€1,500
no longer reported in 2025 (was €1,500)
- Debts after one year -€8,096
down €8,096 (-24.1%), from €33,549 to €25,453
- Reserves +€5,519
up €5,519 (+297.5%), from €1,855 to €7,374
of which Distributable reserves: +€5,519
- Tax, wage and social debts -€3,451
down €3,451 (-82.7%), from €4,174 to €723
- Short-term financial debts +€2,285
up €2,285 (+4761.1%), from €48 to €2,333
- Trade debts -€1,794
down €1,794 (-43.4%), from €4,131 to €2,337
- Gross operating margin -€10,245
down €10,245 (-30.6%), from €33,511 to €23,266
- Depreciation +€7,339
up €7,339 (+121.3%), from €6,050 to €13,389
- Taxes -€2,768
down €2,768 (-50.0%), from €5,534 to €2,766
- Financial income +€2,525
up €2,525 (+1639.4%), from €154 to €2,679
- Financial charges +€1,239
up €1,239 (+153.0%), from €810 to €2,049
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 | €99,020 | €93,751 | -€5,269 | -5.3% |
| Fixed assets | 21/28 | €56,320 | €64,551 | +€8,231 | +14.6% |
| Tangible fixed assets | 22/27 | €54,820 | €64,551 | +€9,731 | +17.8% |
| Plant, machinery and equipment | 23 | €1,353 | €1,748 | +€395 | +29.2% |
| Furniture and vehicles | 24 | €45,268 | €36,862 | -€8,406 | -18.6% |
| Other tangible fixed assets | 26 | €8,199 | €25,940 | +€17,741 | +216.4% |
| Financial fixed assets | 28 | €1,500 | - | -€1,500 | |
| Current assets | 29/58 | €42,700 | €29,200 | -€13,500 | -31.6% |
| Amounts receivable within one year | 40/41 | €24,016 | €26,307 | +€2,291 | +9.5% |
| Trade receivables | 40 | €12,951 | €11,638 | -€1,313 | -10.1% |
| Other amounts receivable | 41 | €11,065 | €14,668 | +€3,603 | +32.6% |
| Cash at bank and in hand | 54/58 | €18,684 | €2,770 | -€15,914 | -85.2% |
| Deferred charges and accrued income | 490/1 | - | €124 | +€124 | |
| Total equity and liabilities | 10/49 | €99,020 | €93,751 | -€5,269 | -5.3% |
| Equity | 10/15 | €49,289 | €54,808 | +€5,519 | +11.2% |
| Reserves | 13 | €1,855 | €7,374 | +€5,519 | +297.5% |
| Non-distributable reserves | 130/1 | €1,855 | €1,855 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,855 | €1,855 | = | 0.0% |
| Distributable reserves | 133 | - | €5,519 | +€5,519 | |
| Profit (loss) carried forward | 14 | €47,434 | €47,434 | -€0 | 0.0% |
| Amounts payable | 17/49 | €49,731 | €38,943 | -€10,788 | -21.7% |
| Amounts payable after more than one year | 17 | €33,549 | €25,453 | -€8,096 | -24.1% |
| Financial debts | 170/4 | €33,549 | €25,453 | -€8,096 | -24.1% |
| Amounts payable within one year | 42/48 | €16,182 | €13,490 | -€2,692 | -16.6% |
| Current portion of amounts payable after more than one year | 42 | €7,829 | €8,096 | +€267 | +3.4% |
| Financial debts | 43 | €48 | €2,333 | +€2,285 | +4761.1% |
| Credit institutions | 430/8 | €48 | €2,333 | +€2,285 | +4761.1% |
| Trade debts | 44 | €4,131 | €2,337 | -€1,794 | -43.4% |
| Suppliers | 440/4 | €4,131 | €2,337 | -€1,794 | -43.4% |
| Taxes, remuneration and social security | 45 | €4,174 | €723 | -€3,451 | -82.7% |
| Taxes | 450/3 | €4,174 | €723 | -€3,451 | -82.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,050 | €13,389 | +€7,339 | +121.3% |
| Other operating charges | 640/8 | €1,753 | €2,222 | +€469 | +26.8% |
| Gross operating margin | 9900 | €33,511 | €23,266 | -€10,245 | -30.6% |
| Operating profit (loss) | 9901 | €25,708 | €7,655 | -€18,053 | -70.2% |
| Financial income | 75/76B | €154 | €2,679 | +€2,525 | +1639.4% |
| Recurring financial income | 75 | €154 | €2,679 | +€2,525 | +1639.4% |
| Financial charges | 65/66B | €810 | €2,049 | +€1,239 | +153.0% |
| Recurring financial charges | 65 | €810 | €2,049 | +€1,239 | +153.0% |
| Profit (loss) for the period before taxes | 9903 | €25,052 | €8,284 | -€16,768 | -66.9% |
| Income taxes | 67/77 | €5,534 | €2,766 | -€2,768 | -50.0% |
| Profit (loss) for the period | 9904 | €19,518 | €5,519 | -€13,999 | -71.7% |
| Profit (loss) for the period to be appropriated | 9905 | €19,518 | €5,519 | -€13,999 | -71.7% |
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 12 October 2026 via checked.be.