FARDUCI: 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.
What changed
FARDUCI
NACE 64.210, Activities of holding companies
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€82,045
2024 · €76,545+€5,500
Equity
-€192,620
2024 · -€274,665+€82,045
Cash
€21,393
2024 · €21,689-€296
Balance sheet total
€513,756
2024 · €540,513-€26,757
Largest movements
Assets
- Tangible fixed assets -€26,327
down €26,327 (-7.6%), from €346,298 to €319,971
of which Land and buildings: -€26,092
- Stocks and contracts +€9,767
up €9,767 (+8.9%), from €110,284 to €120,051
- Receivables within one year -€8,916
down €8,916 (-15.6%), from €57,337 to €48,421
Equity and liabilities
- Debts after one year -€116,795
down €116,795 (-23.1%), from €505,911 to €389,116
- Profit (loss) carried forward +€82,045
up €82,045 (+27.7%), from -€295,924 to -€213,878
Income statement
- Financial charges -€5,456
down €5,456 (-18.0%), from €30,295 to €24,839
- Taxes +€1,967
up €1,967 (+9.7%), from €20,223 to €22,190
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.
Result 2024
€76,545
Gross operating margin
+€1,617
Depreciation
+€573
Other operating charges
-€177
Financial income
-€2
Financial charges
+€5,456
Taxes
-€1,967
Result 2025
€82,045
raises the resultlowers the result
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.
From operations
+€112,018
Investment
-€4,164
Financing
-€108,150
Cash 2024
€21,689
From operations (derived)
+€112,018
Net result for the year
+€82,045
Depreciation
+€30,491
Stocks and contracts
-€9,767
Receivables within one year
+€8,916
Deferred charges and accrued income
+€985
Trade debts
+€2,637
Tax, wage and social debts
+€2,251
Other debts
-€4,214
Accrued charges and deferred income
-€1,325
Investment (derived)
-€4,164
Investment in fixed assets (net)
-€4,164
Financing
-€108,150
Debts after one year
-€116,795
Current portion of long-term debt
+€3,673
Short-term financial debts
+€4,972
Cash 2025
€21,393
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €540,513 | €513,756 | -€26,757 | -5.0% |
| Fixed assets | 21/28 | €347,351 | €321,024 | -€26,327 | -7.6% |
| Tangible fixed assets | 22/27 | €346,298 | €319,971 | -€26,327 | -7.6% |
| Land and buildings | 22 | €343,073 | €316,980 | -€26,092 | -7.6% |
| Plant, machinery and equipment | 23 | €630 | €1,427 | +€796 | +126% |
| Furniture and vehicles | 24 | €2,595 | €1,564 | -€1,031 | -39.7% |
| Financial fixed assets | 28 | €1,053 | €1,053 | = | 0.0% |
| Current assets | 29/58 | €193,162 | €192,732 | -€430 | -0.2% |
| Stocks and contracts in progress | 3 | €110,284 | €120,051 | +€9,767 | +8.9% |
| Stocks | 30/36 | €110,284 | €120,051 | +€9,767 | +8.9% |
| Amounts receivable within one year | 40/41 | €57,337 | €48,421 | -€8,916 | -15.6% |
| Trade receivables | 40 | €57,337 | €48,421 | -€8,916 | -15.6% |
| Cash at bank and in hand | 54/58 | €21,689 | €21,393 | -€296 | -1.4% |
| Deferred charges and accrued income | 490/1 | €3,852 | €2,867 | -€985 | -25.6% |
| Total equity and liabilities | 10/49 | €540,513 | €513,756 | -€26,757 | -5.0% |
| Equity | 10/15 | -€274,665 | -€192,620 | +€82,045 | +29.9% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €2,659 | €2,659 | = | 0.0% |
| Tax-exempt reserves | 132 | €799 | €799 | = | 0.0% |
| Distributable reserves | 133 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€295,924 | -€213,878 | +€82,045 | +27.7% |
| Amounts payable | 17/49 | €815,178 | €706,376 | -€108,802 | -13.3% |
| Amounts payable after more than one year | 17 | €505,911 | €389,116 | -€116,795 | -23.1% |
| Financial debts | 170/4 | €505,911 | €389,116 | -€116,795 | -23.1% |
| Amounts payable within one year | 42/48 | €307,943 | €317,260 | +€9,318 | +3.0% |
| Current portion of amounts payable after more than one year | 42 | €128,227 | €131,900 | +€3,673 | +2.9% |
| Financial debts | 43 | €86,774 | €91,746 | +€4,972 | +5.7% |
| Credit institutions | 430/8 | €86,774 | €91,746 | +€4,972 | +5.7% |
| Trade debts | 44 | €50,525 | €53,162 | +€2,637 | +5.2% |
| Suppliers | 440/4 | €50,525 | €53,162 | +€2,637 | +5.2% |
| Taxes, remuneration and social security | 45 | €6,707 | €8,957 | +€2,251 | +33.6% |
| Taxes | 450/3 | €6,707 | €8,957 | +€2,251 | +33.6% |
| Other amounts payable | 47/48 | €35,710 | €31,496 | -€4,214 | -11.8% |
| Accrued charges and deferred income | 492/3 | €1,325 | - | -€1,325 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €31,064 | €30,491 | -€573 | -1.8% |
| Other operating charges | 640/8 | €4,220 | €4,397 | +€177 | +4.2% |
| Gross operating margin | 9900 | €162,269 | €163,886 | +€1,617 | +1.0% |
| Operating profit (loss) | 9901 | €126,985 | €128,998 | +€2,013 | +1.6% |
| Financial income | 75/76B | €78 | €76 | -€2 | -2.6% |
| Recurring financial income | 75 | €78 | €76 | -€2 | -2.6% |
| Financial charges | 65/66B | €30,295 | €24,839 | -€5,456 | -18.0% |
| Recurring financial charges | 65 | €30,295 | €24,839 | -€5,456 | -18.0% |
| Profit (loss) for the period before taxes | 9903 | €96,768 | €104,235 | +€7,467 | +7.7% |
| Income taxes | 67/77 | €20,223 | €22,190 | +€1,967 | +9.7% |
| Profit (loss) for the period | 9904 | €76,545 | €82,045 | +€5,500 | +7.2% |
| Profit (loss) for the period to be appropriated | 9905 | €76,545 | €82,045 | +€5,500 | +7.2% |
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 19 October 2026 via checked.be.