INDUSTRIAL FITTING TECHNICS: 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.
INDUSTRIAL FITTING TECHNICS
Largest movements
- Tangible fixed assets +€551,671
up €551,671 (+33.1%), from €1.7m to €2.2m
of which Land and buildings: +€568,527
- Receivables within one year -€114,446
down €114,446 (-34.6%), from €331,230 to €216,784
of which Trade receivables: -€117,493
- Debts after one year +€395,839
up €395,839 (+78.2%), from €506,342 to €902,181
- Reserves +€60,709
up €60,709 (+8.4%), from €725,739 to €786,449
- Trade debts -€32,031
down €32,031 (-54.5%), from €58,800 to €26,769
- Tax, wage and social debts -€30,982
down €30,982 (-46.2%), from €67,118 to €36,136
of which Taxes: -€17,365
- Current portion of long-term debt +€27,716
up €27,716 (+36.6%), from €75,720 to €103,436
- Staff costs -€11,859
down €11,859 (-5.4%), from €219,252 to €207,393
- Taxes +€8,854
up €8,854 (+39.9%), from €22,177 to €31,031
- Financial charges +€4,741
up €4,741 (+36.3%), from €13,073 to €17,813
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 | €2,050,411 | €2,477,884 | +€427,473 | +20.8% |
| Fixed assets | 21/28 | €1,666,355 | €2,218,026 | +€551,671 | +33.1% |
| Tangible fixed assets | 22/27 | €1,666,355 | €2,218,026 | +€551,671 | +33.1% |
| Land and buildings | 22 | €1,601,000 | €2,169,527 | +€568,527 | +35.5% |
| Plant, machinery and equipment | 23 | €16,687 | €12,550 | -€4,137 | -24.8% |
| Furniture and vehicles | 24 | €17,050 | €12,849 | -€4,202 | -24.6% |
| Leasing and similar rights | 25 | €31,618 | €23,101 | -€8,517 | -26.9% |
| Current assets | 29/58 | €384,056 | €259,858 | -€124,198 | -32.3% |
| Amounts receivable within one year | 40/41 | €331,230 | €216,784 | -€114,446 | -34.6% |
| Trade receivables | 40 | €204,691 | €87,198 | -€117,493 | -57.4% |
| Other amounts receivable | 41 | €126,540 | €129,586 | +€3,046 | +2.4% |
| Cash at bank and in hand | 54/58 | €37,388 | €38,370 | +€982 | +2.6% |
| Deferred charges and accrued income | 490/1 | €15,438 | €4,704 | -€10,734 | -69.5% |
| Total equity and liabilities | 10/49 | €2,050,411 | €2,477,884 | +€427,473 | +20.8% |
| Equity | 10/15 | €1,342,432 | €1,403,141 | +€60,709 | +4.5% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Revaluation surpluses | 12 | €610,492 | €610,492 | = | 0.0% |
| Reserves | 13 | €725,739 | €786,449 | +€60,709 | +8.4% |
| Distributable reserves | 133 | €725,739 | €786,449 | +€60,709 | +8.4% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €707,979 | €1,074,743 | +€366,763 | +51.8% |
| Amounts payable after more than one year | 17 | €506,342 | €902,181 | +€395,839 | +78.2% |
| Financial debts | 170/4 | €506,342 | €902,181 | +€395,839 | +78.2% |
| Amounts payable within one year | 42/48 | €201,637 | €171,114 | -€30,523 | -15.1% |
| Current portion of amounts payable after more than one year | 42 | €75,720 | €103,436 | +€27,716 | +36.6% |
| Financial debts | 43 | €0 | €3,364 | +€3,364 | |
| Credit institutions | 430/8 | €0 | €3,364 | +€3,364 | |
| Trade debts | 44 | €58,800 | €26,769 | -€32,031 | -54.5% |
| Suppliers | 440/4 | €58,800 | €26,769 | -€32,031 | -54.5% |
| Taxes, remuneration and social security | 45 | €67,118 | €36,136 | -€30,982 | -46.2% |
| Taxes | 450/3 | €40,646 | €23,281 | -€17,365 | -42.7% |
| Remuneration and social security | 454/9 | €26,472 | €12,855 | -€13,617 | -51.4% |
| Other amounts payable | 47/48 | €0 | €1,410 | +€1,410 | |
| Accrued charges and deferred income | 492/3 | - | €1,448 | +€1,448 | |
| Remuneration, social security and pensions | 62 | €219,252 | €207,393 | -€11,859 | -5.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €68,952 | €72,375 | +€3,422 | +5.0% |
| Other operating charges | 640/8 | €10,638 | €12,349 | +€1,711 | +16.1% |
| Gross operating margin | 9900 | €398,391 | €401,643 | +€3,252 | +0.8% |
| Operating profit (loss) | 9901 | €99,548 | €109,526 | +€9,978 | +10.0% |
| Financial income | 75/76B | - | €28 | +€28 | |
| Recurring financial income | 75 | - | €28 | +€28 | |
| Financial charges | 65/66B | €13,073 | €17,813 | +€4,741 | +36.3% |
| Recurring financial charges | 65 | €13,073 | €17,813 | +€4,741 | +36.3% |
| Profit (loss) for the period before taxes | 9903 | €86,476 | €91,741 | +€5,265 | +6.1% |
| Income taxes | 67/77 | €22,177 | €31,031 | +€8,854 | +39.9% |
| Profit (loss) for the period | 9904 | €64,299 | €60,709 | -€3,589 | -5.6% |
| Profit (loss) for the period to be appropriated | 9905 | €64,299 | €60,709 | -€3,589 | -5.6% |
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 14 October 2026 via checked.be.