FIDEC: what changed
Two fiscal 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.
FIDEC
Largest movements
- Cash -€318,243
down €318,243 (-61.8%), from €514,881 to €196,638
mainly Net result for the year (-€286,117) and Current investments (-€53,529)
- Profit (loss) carried forward -€286,117
down €286,117 (-163.8%), from -€174,659 to -€460,776
- Financial charges +€430,558
up €430,558 (+1456.5%), from €29,561 to €460,119
of which Financial charges: +€423,231
- Financial income +€67,212
up €67,212 (+42.3%), from €158,975 to €226,187
- Gross operating margin -€23,819
down €23,819 (-87.6%), from €27,184 to €3,365
- Other operating charges -€991
down €991 (-16.1%), from €6,149 to €5,158
- Depreciation +€528
up €528 (+3.5%), from €15,136 to €15,664
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.
Cash bridge derived
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 | €11,983,288 | €11,703,081 | -€280,207 | -2.3% |
| Fixed assets | 21/28 | €4,089,407 | €4,073,743 | -€15,664 | -0.4% |
| Tangible fixed assets | 22/27 | €3,870,857 | €3,855,193 | -€15,664 | -0.4% |
| Land and buildings | 22 | €3,811,175 | €3,811,175 | = | 0.0% |
| Furniture and vehicles | 24 | €59,682 | €44,018 | -€15,664 | -26.2% |
| Financial fixed assets | 28 | €218,550 | €218,550 | = | 0.0% |
| Current assets | 29/58 | €7,893,881 | €7,629,338 | -€264,542 | -3.4% |
| Amounts receivable after more than one year | 29 | €2,640,783 | €2,640,783 | = | 0.0% |
| Other amounts receivable | 291 | €2,640,783 | €2,640,783 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €48,616 | €52,240 | +€3,624 | +7.5% |
| Trade receivables | 40 | €4,150 | €4,028 | -€122 | -2.9% |
| Other amounts receivable | 41 | €44,466 | €48,212 | +€3,745 | +8.4% |
| Current investments | 50/53 | €4,639,236 | €4,692,765 | +€53,529 | +1.2% |
| Cash at bank and in hand | 54/58 | €514,881 | €196,638 | -€318,243 | -61.8% |
| Deferred charges and accrued income | 490/1 | €50,365 | €46,913 | -€3,452 | -6.9% |
| Total equity and liabilities | 10/49 | €11,983,288 | €11,703,081 | -€280,207 | -2.3% |
| Equity | 10/15 | €11,981,916 | €11,695,799 | -€286,117 | -2.4% |
| Contributions | 10/11 | €12,156,575 | €12,156,575 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€174,659 | -€460,776 | -€286,117 | -163.8% |
| Amounts payable | 17/49 | €1,372 | €7,282 | +€5,911 | +430.9% |
| Amounts payable within one year | 42/48 | €1,295 | €7,282 | +€5,988 | +462.4% |
| Financial debts | 43 | €23 | €6 | -€16 | -72.2% |
| Credit institutions | 430/8 | €23 | €6 | -€16 | -72.2% |
| Trade debts | 44 | €1,272 | €7,276 | +€6,004 | +471.9% |
| Suppliers | 440/4 | €1,272 | €7,276 | +€6,004 | +471.9% |
| Taxes, remuneration and social security | 45 | €0 | - | = | |
| Taxes | 450/3 | €0 | - | = | |
| Accrued charges and deferred income | 492/3 | €77 | €0 | -€77 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,136 | €15,664 | +€528 | +3.5% |
| Other operating charges | 640/8 | €6,149 | €5,158 | -€991 | -16.1% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Gross operating margin | 9900 | €27,184 | €3,365 | -€23,819 | -87.6% |
| Operating profit (loss) | 9901 | €5,899 | -€17,457 | -€23,356 | |
| Financial income | 75/76B | €158,975 | €226,187 | +€67,212 | +42.3% |
| Recurring financial income | 75 | €158,975 | €226,187 | +€67,212 | +42.3% |
| Financial charges | 65/66B | €29,561 | €460,119 | +€430,558 | +1456.5% |
| Recurring financial charges | 65 | €29,561 | €452,792 | +€423,231 | +1431.7% |
| Non-recurring financial charges | 66B | €0 | €7,327 | +€7,327 | |
| Profit (loss) for the period before taxes | 9903 | €135,314 | -€251,389 | -€386,702 | |
| Income taxes | 67/77 | €34,652 | €34,728 | +€77 | +0.2% |
| Profit (loss) for the period | 9904 | €100,662 | -€286,117 | -€386,779 | |
| Profit (loss) for the period to be appropriated | 9905 | €100,662 | -€286,117 | -€386,779 |
Source: filed annual accounts (NBB), fiscal years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.