D&B Fiduce: 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.
D&B Fiduce
Largest movements
- Receivables within one year +€16,527
up €16,527 (+18.0%), from €91,790 to €108,317
of which Trade receivables: +€18,525
- Cash -€9,905
down €9,905 (-89.1%), from €11,112 to €1,207
mainly Receivables within one year (-€16,527) and Contributions, distributions and other (-€15,000)
- Tangible fixed assets -€5,008
down €5,008 (-26.3%), from €19,072 to €14,065
- Deferred charges and accrued income +€4,084
up €4,084 (+62.2%), from €6,571 to €10,655
- Intangible fixed assets -€2,600
down €2,600 (-27.9%), from €9,317 to €6,717
- Trade debts +€23,982
up €23,982 (+162%), from €14,822 to €38,804
- Reserves -€14,093
down €14,093 (-44.2%), from €31,860 to €17,767
of which Distributable reserves: -€14,093
- Other debts -€9,527
down €9,527 (-31.7%), from €30,036 to €20,508
- Short-term financial debts +€7,425
new in 2025: €7,425
of which Credit institutions: +€6,299
- Debts after one year -€5,110
down €5,110 (-44.2%), from €11,555 to €6,445
- Gross operating margin +€41,548
up €41,548 (+38.9%), from €106,720 to €148,268
- Staff costs +€27,309
up €27,309 (+31.9%), from €85,581 to €112,890
- Other operating charges -€7,378
down €7,378 (-84.6%), from €8,721 to €1,343
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 | €138,042 | €141,141 | +€3,099 | +2.2% |
| Fixed assets | 21/28 | €28,569 | €20,961 | -€7,608 | -26.6% |
| Intangible fixed assets | 21 | €9,317 | €6,717 | -€2,600 | -27.9% |
| Tangible fixed assets | 22/27 | €19,072 | €14,065 | -€5,008 | -26.3% |
| Furniture and vehicles | 24 | €19,072 | €14,065 | -€5,008 | -26.3% |
| Financial fixed assets | 28 | €180 | €180 | = | 0.0% |
| Current assets | 29/58 | €109,473 | €120,180 | +€10,707 | +9.8% |
| Amounts receivable within one year | 40/41 | €91,790 | €108,317 | +€16,527 | +18.0% |
| Trade receivables | 40 | €89,084 | €107,610 | +€18,525 | +20.8% |
| Other amounts receivable | 41 | €2,706 | €707 | -€1,998 | -73.9% |
| Cash at bank and in hand | 54/58 | €11,112 | €1,207 | -€9,905 | -89.1% |
| Deferred charges and accrued income | 490/1 | €6,571 | €10,655 | +€4,084 | +62.2% |
| Total equity and liabilities | 10/49 | €138,042 | €141,141 | +€3,099 | +2.2% |
| Equity | 10/15 | €51,283 | €36,367 | -€14,916 | -29.1% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €31,860 | €17,767 | -€14,093 | -44.2% |
| 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 | €30,000 | €15,907 | -€14,093 | -47.0% |
| Profit (loss) carried forward | 14 | €823 | - | -€823 | |
| Amounts payable | 17/49 | €86,759 | €104,774 | +€18,015 | +20.8% |
| Amounts payable after more than one year | 17 | €11,555 | €6,445 | -€5,110 | -44.2% |
| Financial debts | 170/4 | €11,555 | €6,445 | -€5,110 | -44.2% |
| Amounts payable within one year | 42/48 | €75,205 | €98,330 | +€23,125 | +30.7% |
| Current portion of amounts payable after more than one year | 42 | €7,927 | €5,110 | -€2,817 | -35.5% |
| Financial debts | 43 | - | €7,425 | +€7,425 | |
| Credit institutions | 430/8 | - | €6,299 | +€6,299 | |
| Other loans | 439 | - | €1,127 | +€1,127 | |
| Trade debts | 44 | €14,822 | €38,804 | +€23,982 | +162% |
| Suppliers | 440/4 | €14,822 | €38,804 | +€23,982 | +162% |
| Taxes, remuneration and social security | 45 | €22,421 | €26,482 | +€4,061 | +18.1% |
| Taxes | 450/3 | €15,822 | €12,132 | -€3,690 | -23.3% |
| Remuneration and social security | 454/9 | €6,599 | €14,350 | +€7,751 | +117% |
| Other amounts payable | 47/48 | €30,036 | €20,508 | -€9,527 | -31.7% |
| Remuneration, social security and pensions | 62 | €85,581 | €112,890 | +€27,309 | +31.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,940 | €8,321 | +€381 | +4.8% |
| Other operating charges | 640/8 | €8,721 | €1,343 | -€7,378 | -84.6% |
| Non-recurring operating charges | 66A | -€180 | €20,068 | +€20,248 | |
| Gross operating margin | 9900 | €106,720 | €148,268 | +€41,548 | +38.9% |
| Operating profit (loss) | 9901 | €4,658 | €5,647 | +€989 | +21.2% |
| Financial income | 75/76B | - | €1 | +€1 | |
| Recurring financial income | 75 | - | €1 | +€1 | |
| Financial charges | 65/66B | €1,477 | €2,143 | +€666 | +45.1% |
| Recurring financial charges | 65 | €1,477 | €2,143 | +€666 | +45.1% |
| Profit (loss) for the period before taxes | 9903 | €3,180 | €3,504 | +€324 | +10.2% |
| Income taxes | 67/77 | €2,966 | €3,420 | +€454 | +15.3% |
| Profit (loss) for the period | 9904 | €215 | €84 | -€131 | -60.9% |
| Profit (loss) for the period to be appropriated | 9905 | €215 | €84 | -€131 | -60.9% |
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 24 October 2026 via checked.be.