FIVITEL: 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.
FIVITEL
Largest movements
- Stocks and contracts +€43,642
new in 2025: €43,642
- Receivables within one year +€19,745
up €19,745 (+27.3%), from €72,414 to €92,159
of which Other amounts receivable: +€36,929
- Deferred charges and accrued income -€18,951
down €18,951 (-87.1%), from €21,768 to €2,817
- Trade debts +€28,231
up €28,231 (+480%), from €5,879 to €34,110
- Profit (loss) carried forward -€12,220
down €12,220 (-39.3%), from €31,082 to €18,861
- Short-term financial debts +€12,183
new in 2025: €12,183
- Other debts +€8,266
up €8,266 (+44.6%), from €18,533 to €26,799
- Tax, wage and social debts +€8,023
up €8,023 (+42.9%), from €18,684 to €26,707
of which Remuneration and social security: +€18,142
- Staff costs +€54,823
up €54,823 (+52.0%), from €105,499 to €160,322
- Gross operating margin +€48,758
up €48,758 (+39.8%), from €122,626 to €171,385
- Turnover +€34,118
up €34,118 (+13.4%), from €253,880 to €287,999
- Taxes +€11,477
new in 2025: €11,477
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 | €94,629 | €139,112 | +€44,483 | +47.0% |
| Fixed assets | 21/28 | - | €329 | +€329 | |
| Tangible fixed assets | 22/27 | - | €329 | +€329 | |
| Plant, machinery and equipment | 23 | - | €329 | +€329 | |
| Current assets | 29/58 | €94,629 | €138,783 | +€44,154 | +46.7% |
| Stocks and contracts in progress | 3 | - | €43,642 | +€43,642 | |
| Contracts in progress | 37 | - | €43,642 | +€43,642 | |
| Amounts receivable within one year | 40/41 | €72,414 | €92,159 | +€19,745 | +27.3% |
| Trade receivables | 40 | €72,414 | €55,229 | -€17,185 | -23.7% |
| Other amounts receivable | 41 | - | €36,929 | +€36,929 | |
| Cash at bank and in hand | 54/58 | €447 | €165 | -€281 | -63.0% |
| Deferred charges and accrued income | 490/1 | €21,768 | €2,817 | -€18,951 | -87.1% |
| Total equity and liabilities | 10/49 | €94,629 | €139,112 | +€44,483 | +47.0% |
| Equity | 10/15 | €51,533 | €39,313 | -€12,220 | -23.7% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Capital | 10 | €18,592 | €18,592 | = | 0.0% |
| Issued capital | 100 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €1,859 | €1,859 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,859 | €1,859 | = | 0.0% |
| Legal reserve | 130 | €1,859 | €1,859 | = | 0.0% |
| Profit (loss) carried forward | 14 | €31,082 | €18,861 | -€12,220 | -39.3% |
| Amounts payable | 17/49 | €43,096 | €99,800 | +€56,703 | +132% |
| Amounts payable within one year | 42/48 | €43,096 | €99,800 | +€56,703 | +132% |
| Financial debts | 43 | - | €12,183 | +€12,183 | |
| Credit institutions | 430/8 | - | €12,183 | +€12,183 | |
| Trade debts | 44 | €5,879 | €34,110 | +€28,231 | +480% |
| Suppliers | 440/4 | €5,879 | €34,110 | +€28,231 | +480% |
| Taxes, remuneration and social security | 45 | €18,684 | €26,707 | +€8,023 | +42.9% |
| Taxes | 450/3 | €16,023 | €5,904 | -€10,119 | -63.2% |
| Remuneration and social security | 454/9 | €2,661 | €20,803 | +€18,142 | +682% |
| Other amounts payable | 47/48 | €18,533 | €26,799 | +€8,266 | +44.6% |
| Turnover | 70 | €253,880 | €287,999 | +€34,118 | +13.4% |
| Non-recurring operating income | 76A | €102 | - | -€102 | |
| Goods, raw materials, services and sundry goods | 60/61 | €119,220 | €116,614 | -€2,606 | -2.2% |
| Remuneration, social security and pensions | 62 | €105,499 | €160,322 | +€54,823 | +52.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €312 | - | -€312 | |
| Other operating charges | 640/8 | €10,740 | €8,713 | -€2,027 | -18.9% |
| Gross operating margin | 9900 | €122,626 | €171,385 | +€48,758 | +39.8% |
| Operating profit (loss) | 9901 | €6,076 | €2,350 | -€3,726 | -61.3% |
| Financial charges | 65/66B | €2,810 | €3,094 | +€284 | +10.1% |
| Recurring financial charges | 65 | €2,810 | €3,094 | +€284 | +10.1% |
| Non-recurring financial charges | 66B | €2,810 | €3,094 | +€284 | +10.1% |
| Profit (loss) for the period before taxes | 9903 | €3,266 | -€744 | -€4,010 | |
| Income taxes | 67/77 | - | €11,477 | +€11,477 | |
| Profit (loss) for the period | 9904 | €3,266 | -€12,220 | -€15,487 | |
| Profit (loss) for the period to be appropriated | 9905 | €3,266 | -€12,220 | -€15,487 |
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 25 October 2026 via checked.be.