FIDEEL: 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.
FIDEEL
Largest movements
- Tangible fixed assets -€18,457
no longer reported in 2025 (was €18,457)
of which Other tangible fixed assets: -€9,382
- Receivables within one year -€17,268
down €17,268 (-58.1%), from €29,709 to €12,441
- Cash +€4,802
up €4,802 (+492.5%), from €975 to €5,777
mainly Investment in fixed assets (net) (+€18,457) and Receivables within one year (+€17,268)
- Debts after one year -€25,483
no longer reported in 2025 (was €25,483)
- Current portion of long-term debt -€7,388
no longer reported in 2025 (was €7,388)
- Profit (loss) carried forward +€3,710
up €3,710 (+3.4%), from -€107,598 to -€103,887
- Other debts -€2,282
down €2,282 (-4.7%), from €49,022 to €46,740
- Depreciation -€5,445
no longer reported in 2025 (was €5,445)
- Gross operating margin +€1,158
up €1,158 (+26.9%), from €4,309 to €5,468
- Financial charges +€820
up €820 (+47.2%), from €1,736 to €2,557
- Financial income +€225
up €225 (+15.8%), from €1,421 to €1,646
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 | €49,865 | €18,473 | -€31,392 | -63.0% |
| Fixed assets | 21/28 | €18,457 | - | -€18,457 | |
| Tangible fixed assets | 22/27 | €18,457 | - | -€18,457 | |
| Land and buildings | 22 | €9,075 | - | -€9,075 | |
| Other tangible fixed assets | 26 | €9,382 | - | -€9,382 | |
| Current assets | 29/58 | €31,408 | €18,473 | -€12,935 | -41.2% |
| Amounts receivable within one year | 40/41 | €29,709 | €12,441 | -€17,268 | -58.1% |
| Other amounts receivable | 41 | €29,709 | €12,441 | -€17,268 | -58.1% |
| Cash at bank and in hand | 54/58 | €975 | €5,777 | +€4,802 | +492.5% |
| Deferred charges and accrued income | 490/1 | €724 | €255 | -€470 | -64.9% |
| Total equity and liabilities | 10/49 | €49,865 | €18,473 | -€31,392 | -63.0% |
| Equity | 10/15 | -€32,138 | -€28,427 | +€3,710 | +11.5% |
| Contributions | 10/11 | €68,600 | €68,600 | = | 0.0% |
| Reserves | 13 | €6,860 | €6,860 | = | 0.0% |
| Distributable reserves | 133 | €6,860 | €6,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€107,598 | -€103,887 | +€3,710 | +3.4% |
| Amounts payable | 17/49 | €82,003 | €46,900 | -€35,102 | -42.8% |
| Amounts payable after more than one year | 17 | €25,483 | - | -€25,483 | |
| Financial debts | 170/4 | €25,483 | - | -€25,483 | |
| Amounts payable within one year | 42/48 | €56,520 | €46,900 | -€9,619 | -17.0% |
| Current portion of amounts payable after more than one year | 42 | €7,388 | - | -€7,388 | |
| Trade debts | 44 | €110 | €160 | +€50 | +45.6% |
| Suppliers | 440/4 | €110 | €160 | +€50 | +45.6% |
| Other amounts payable | 47/48 | €49,022 | €46,740 | -€2,282 | -4.7% |
| Non-recurring operating income | 76A | - | €7,870 | +€7,870 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,445 | - | -€5,445 | |
| Other operating charges | 640/8 | €881 | €847 | -€34 | -3.8% |
| Gross operating margin | 9900 | €4,309 | €5,468 | +€1,158 | +26.9% |
| Operating profit (loss) | 9901 | -€2,016 | €4,621 | +€6,637 | |
| Financial income | 75/76B | €1,421 | €1,646 | +€225 | +15.8% |
| Recurring financial income | 75 | €1,421 | €1,646 | +€225 | +15.8% |
| Financial charges | 65/66B | €1,736 | €2,557 | +€820 | +47.2% |
| Recurring financial charges | 65 | €1,736 | €2,557 | +€820 | +47.2% |
| Profit (loss) for the period before taxes | 9903 | -€2,332 | €3,710 | +€6,042 | |
| Profit (loss) for the period | 9904 | -€2,332 | €3,710 | +€6,042 | |
| Profit (loss) for the period to be appropriated | 9905 | -€2,332 | €3,710 | +€6,042 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.