FIDAS LAW: 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.
FIDAS LAW
Largest movements
- Receivables within one year +€123,345
up €123,345 (+64.5%), from €191,188 to €314,533
of which Trade receivables: +€119,098
- Cash +€11,953
up €11,953 (+12.5%), from €95,816 to €107,769
mainly Net result for the year (+€71,105) and Trade debts (+€36,481)
- Tangible fixed assets -€8,389
down €8,389 (-36.5%), from €23,001 to €14,612
- Reserves +€71,105
up €71,105 (+79.0%), from €90,042 to €161,147
- Trade debts +€36,481
up €36,481 (+30.5%), from €119,721 to €156,202
- Tax, wage and social debts +€29,136
up €29,136 (+170%), from €17,121 to €46,258
of which Taxes: +€25,993
- Debts after one year -€11,768
down €11,768 (-38.1%), from €30,880 to €19,112
of which Financial debts: -€11,768
- Gross operating margin +€63,005
up €63,005 (+40.6%), from €155,370 to €218,376
- Taxes +€18,397
up €18,397 (+303%), from €6,079 to €24,476
- Depreciation +€7,261
up €7,261 (+273%), from €2,661 to €9,923
- Staff costs -€5,323
down €5,323 (-5.6%), from €94,662 to €89,340
- Other operating charges -€4,179
down €4,179 (-14.2%), from €29,455 to €25,276
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 | €314,111 | €439,486 | +€125,376 | +39.9% |
| Fixed assets | 21/28 | €27,107 | €17,184 | -€9,923 | -36.6% |
| Intangible fixed assets | 21 | €4,106 | €2,572 | -€1,533 | -37.3% |
| Tangible fixed assets | 22/27 | €23,001 | €14,612 | -€8,389 | -36.5% |
| Plant, machinery and equipment | 23 | €23,001 | €14,612 | -€8,389 | -36.5% |
| Current assets | 29/58 | €287,004 | €422,302 | +€135,299 | +47.1% |
| Amounts receivable within one year | 40/41 | €191,188 | €314,533 | +€123,345 | +64.5% |
| Trade receivables | 40 | €182,935 | €302,033 | +€119,098 | +65.1% |
| Other amounts receivable | 41 | €8,253 | €12,500 | +€4,247 | +51.5% |
| Cash at bank and in hand | 54/58 | €95,816 | €107,769 | +€11,953 | +12.5% |
| Deferred charges and accrued income | 490/1 | €0 | - | = | |
| Total equity and liabilities | 10/49 | €314,111 | €439,486 | +€125,376 | +39.9% |
| Equity | 10/15 | €135,042 | €206,147 | +€71,105 | +52.7% |
| Contributions | 10/11 | €45,000 | €45,000 | = | 0.0% |
| Reserves | 13 | €90,042 | €161,147 | +€71,105 | +79.0% |
| Distributable reserves | 133 | €90,042 | €161,147 | +€71,105 | +79.0% |
| Amounts payable | 17/49 | €179,069 | €233,340 | +€54,271 | +30.3% |
| Amounts payable after more than one year | 17 | €30,880 | €19,112 | -€11,768 | -38.1% |
| Financial debts | 170/4 | €20,880 | €9,112 | -€11,768 | -56.4% |
| Other amounts payable | 178/9 | €10,000 | €10,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €148,189 | €214,228 | +€66,038 | +44.6% |
| Current portion of amounts payable after more than one year | 42 | €11,347 | €11,768 | +€421 | +3.7% |
| Financial debts | 43 | €0 | - | = | |
| Credit institutions | 430/8 | €0 | - | = | |
| Trade debts | 44 | €119,721 | €156,202 | +€36,481 | +30.5% |
| Suppliers | 440/4 | €119,721 | €156,202 | +€36,481 | +30.5% |
| Taxes, remuneration and social security | 45 | €17,121 | €46,258 | +€29,136 | +170% |
| Taxes | 450/3 | €6,936 | €32,929 | +€25,993 | +375% |
| Remuneration and social security | 454/9 | €10,185 | €13,328 | +€3,144 | +30.9% |
| Other amounts payable | 47/48 | €0 | - | = | |
| Remuneration, social security and pensions | 62 | €94,662 | €89,340 | -€5,323 | -5.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,661 | €9,923 | +€7,261 | +273% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€249 | -€2,760 | -€2,510 | -1,007% |
| Other operating charges | 640/8 | €29,455 | €25,276 | -€4,179 | -14.2% |
| Gross operating margin | 9900 | €155,370 | €218,376 | +€63,005 | +40.6% |
| Operating profit (loss) | 9901 | €28,842 | €96,597 | +€67,755 | +235% |
| Financial income | 75/76B | €176 | €554 | +€378 | +215% |
| Recurring financial income | 75 | €176 | €554 | +€378 | +215% |
| Non-recurring financial income | 76B | €0 | - | = | |
| Financial charges | 65/66B | €4,899 | €1,569 | -€3,330 | -68.0% |
| Recurring financial charges | 65 | €4,899 | €1,569 | -€3,330 | -68.0% |
| Profit (loss) for the period before taxes | 9903 | €24,118 | €95,581 | +€71,464 | +296% |
| Income taxes | 67/77 | €6,079 | €24,476 | +€18,397 | +303% |
| Profit (loss) for the period | 9904 | €18,038 | €71,105 | +€53,067 | +294% |
| Profit (loss) for the period to be appropriated | 9905 | €18,038 | €71,105 | +€53,067 | +294% |
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 29 October 2026 via checked.be.