Fidecalc: 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.
Fidecalc
Largest movements
- Receivables within one year +€51,715
up €51,715 (+59.4%), from €87,126 to €138,841
of which Other amounts receivable: +€53,367
- Cash +€44,059
up €44,059 (+161%), from €27,414 to €71,473
mainly Net result for the year (+€68,295) and Current investments (+€40,198)
- Current investments -€40,198
no longer reported in 2025 (was €40,198)
- Tangible fixed assets -€4,994
down €4,994 (-15.8%), from €31,666 to €26,672
of which Plant, machinery and equipment: -€3,414
- Reserves +€68,295
up €68,295 (+52.7%), from €129,697 to €197,992
- Tax, wage and social debts -€14,150
down €14,150 (-29.0%), from €48,843 to €34,693
- Trade debts -€2,674
down €2,674 (-66.3%), from €4,031 to €1,357
- Gross operating margin +€17,554
up €17,554 (+22.3%), from €78,834 to €96,388
- Taxes +€7,673
up €7,673 (+47.3%), from €16,236 to €23,909
- Financial income +€3,692
up €3,692 (+88.3%), from €4,180 to €7,872
- Depreciation +€2,728
up €2,728 (+37.0%), from €7,373 to €10,101
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 | €186,404 | €237,042 | +€50,638 | +27.2% |
| Fixed assets | 21/28 | €31,666 | €26,672 | -€4,994 | -15.8% |
| Tangible fixed assets | 22/27 | €31,666 | €26,672 | -€4,994 | -15.8% |
| Land and buildings | 22 | €13,162 | €10,062 | -€3,100 | -23.6% |
| Plant, machinery and equipment | 23 | €14,303 | €10,889 | -€3,414 | -23.9% |
| Furniture and vehicles | 24 | €4,201 | €5,721 | +€1,520 | +36.2% |
| Current assets | 29/58 | €154,738 | €210,370 | +€55,632 | +36.0% |
| Amounts receivable within one year | 40/41 | €87,126 | €138,841 | +€51,715 | +59.4% |
| Trade receivables | 40 | €22,948 | €21,296 | -€1,652 | -7.2% |
| Other amounts receivable | 41 | €64,178 | €117,545 | +€53,367 | +83.2% |
| Current investments | 50/53 | €40,198 | - | -€40,198 | |
| Cash at bank and in hand | 54/58 | €27,414 | €71,473 | +€44,059 | +161% |
| Deferred charges and accrued income | 490/1 | - | €56 | +€56 | |
| Total equity and liabilities | 10/49 | €186,404 | €237,042 | +€50,638 | +27.2% |
| Equity | 10/15 | €132,697 | €200,992 | +€68,295 | +51.5% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €129,697 | €197,992 | +€68,295 | +52.7% |
| Distributable reserves | 133 | €129,697 | €197,992 | +€68,295 | +52.7% |
| Amounts payable | 17/49 | €53,707 | €36,050 | -€17,657 | -32.9% |
| Amounts payable within one year | 42/48 | €53,707 | €36,050 | -€17,657 | -32.9% |
| Trade debts | 44 | €4,031 | €1,357 | -€2,674 | -66.3% |
| Suppliers | 440/4 | €4,031 | €1,357 | -€2,674 | -66.3% |
| Taxes, remuneration and social security | 45 | €48,843 | €34,693 | -€14,150 | -29.0% |
| Taxes | 450/3 | €48,843 | €34,693 | -€14,150 | -29.0% |
| Other amounts payable | 47/48 | €833 | - | -€833 | |
| Non-recurring operating income | 76A | - | €5,582 | +€5,582 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,373 | €10,101 | +€2,728 | +37.0% |
| Other operating charges | 640/8 | €830 | €513 | -€317 | -38.2% |
| Gross operating margin | 9900 | €78,834 | €96,388 | +€17,554 | +22.3% |
| Operating profit (loss) | 9901 | €70,631 | €85,774 | +€15,143 | +21.4% |
| Financial income | 75/76B | €4,180 | €7,872 | +€3,692 | +88.3% |
| Recurring financial income | 75 | €4,180 | €7,872 | +€3,692 | +88.3% |
| Financial charges | 65/66B | €1,423 | €1,442 | +€19 | +1.3% |
| Recurring financial charges | 65 | €1,423 | €1,442 | +€19 | +1.3% |
| Profit (loss) for the period before taxes | 9903 | €73,388 | €92,204 | +€18,816 | +25.6% |
| Income taxes | 67/77 | €16,236 | €23,909 | +€7,673 | +47.3% |
| Profit (loss) for the period | 9904 | €57,152 | €68,295 | +€11,143 | +19.5% |
| Profit (loss) for the period to be appropriated | 9905 | €57,152 | €68,295 | +€11,143 | +19.5% |
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.