FIDEEL FAES: what changed
What changed
FIDEEL FAES
NACE 64.210, Activities of holding companies
filed annual accounts (NBB)
Net result for the year
-€12,915
2024 · €16,458-€29,373
Equity
€62,456
2024 · €75,371-€12,915
Cash
€5,184
2024 · €884+€4,300
Balance sheet total
€75,031
2024 · €85,238-€10,207
Largest movements
Assets
- Receivables within one year -€16,297
down €16,297 (-34.0%), from €47,935 to €31,639
of which Trade receivables: -€21,214
- Cash +€4,300
up €4,300 (+486%), from €884 to €5,184
mainly Depreciation (+€19,481) and Receivables within one year (+€16,297)
- Deferred charges and accrued income +€2,493
new in 2025: €2,493
Equity and liabilities
- Profit (loss) carried forward -€12,915
down €12,915 (-112%), from -€11,533 to -€24,448
- Trade debts +€9,264
up €9,264 (+828%), from €1,119 to €10,383
- Tax, wage and social debts -€6,555
down €6,555 (-74.9%), from €8,748 to €2,193
Income statement
- Depreciation +€19,481
new in 2025: €19,481
- Gross operating margin -€11,802
down €11,802 (-57.7%), from €20,457 to €8,656
- Taxes -€3,761
down €3,761 (-96.4%), from €3,902 to €142
- Write-downs +€3,687
no longer reported in 2025 (was -€3,687)
- Financial income +€1,797
up €1,797 (+437%), from €411 to €2,208
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
€16,458
Gross operating margin
-€11,802
Depreciation
-€19,481
Write-downs
-€3,687
Other operating charges
-€44
Financial income
+€1,797
Financial charges
+€83
Taxes
+€3,761
Result 2025
-€12,915
raises the resultlowers the result
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€23,078
Investment
-€18,778
Financing
€0
Cash 2024
€884
From operations (derived)
+€23,078
Net result for the year
-€12,915
Depreciation
+€19,481
Receivables within one year
+€16,297
Deferred charges and accrued income
-€2,493
Trade debts
+€9,264
Tax, wage and social debts
-€6,555
Investment (derived)
-€18,778
Investment in fixed assets (net)
-€18,778
Cash 2025
€5,184
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €85,238 | €75,031 | -€10,207 | -12.0% |
| Fixed assets | 21/28 | €36,419 | €35,716 | -€703 | -1.9% |
| Tangible fixed assets | 22/27 | €36,419 | €35,716 | -€703 | -1.9% |
| Land and buildings | 22 | €5,795 | - | -€5,795 | |
| Plant, machinery and equipment | 23 | €1,548 | €1,379 | -€170 | -11.0% |
| Furniture and vehicles | 24 | €156 | €10,967 | +€10,811 | +6,914% |
| Other tangible fixed assets | 26 | €28,920 | €23,370 | -€5,549 | -19.2% |
| Current assets | 29/58 | €48,819 | €39,315 | -€9,504 | -19.5% |
| Amounts receivable within one year | 40/41 | €47,935 | €31,639 | -€16,297 | -34.0% |
| Trade receivables | 40 | €32,592 | €11,378 | -€21,214 | -65.1% |
| Other amounts receivable | 41 | €15,344 | €20,260 | +€4,917 | +32.0% |
| Cash at bank and in hand | 54/58 | €884 | €5,184 | +€4,300 | +486% |
| Deferred charges and accrued income | 490/1 | - | €2,493 | +€2,493 | |
| Total equity and liabilities | 10/49 | €85,238 | €75,031 | -€10,207 | -12.0% |
| Equity | 10/15 | €75,371 | €62,456 | -€12,915 | -17.1% |
| Contributions | 10/11 | €59,050 | €59,050 | = | 0.0% |
| Contributions outside capital | 11 | €59,050 | €59,050 | = | 0.0% |
| Other | 1109/19 | €59,050 | €59,050 | = | 0.0% |
| Reserves | 13 | €27,854 | €27,854 | = | 0.0% |
| Non-distributable reserves | 130/1 | €2,355 | €2,355 | = | 0.0% |
| Reserves not available under the articles | 1311 | €2,355 | €2,355 | = | 0.0% |
| Tax-exempt reserves | 132 | €14,440 | €14,440 | = | 0.0% |
| Distributable reserves | 133 | €11,058 | €11,058 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€11,533 | -€24,448 | -€12,915 | -112% |
| Amounts payable | 17/49 | €9,867 | €12,576 | +€2,708 | +27.4% |
| Amounts payable within one year | 42/48 | €9,867 | €12,576 | +€2,708 | +27.4% |
| Trade debts | 44 | €1,119 | €10,383 | +€9,264 | +828% |
| Suppliers | 440/4 | €1,119 | €10,383 | +€9,264 | +828% |
| Taxes, remuneration and social security | 45 | €8,748 | €2,193 | -€6,555 | -74.9% |
| Taxes | 450/3 | €8,748 | €2,193 | -€6,555 | -74.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €19,481 | +€19,481 | |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€3,687 | - | +€3,687 | |
| Other operating charges | 640/8 | €3,234 | €3,278 | +€44 | +1.4% |
| Gross operating margin | 9900 | €20,457 | €8,656 | -€11,802 | -57.7% |
| Operating profit (loss) | 9901 | €20,910 | -€14,104 | -€35,014 | |
| Financial income | 75/76B | €411 | €2,208 | +€1,797 | +437% |
| Recurring financial income | 75 | €411 | €2,208 | +€1,797 | +437% |
| Financial charges | 65/66B | €961 | €878 | -€83 | -8.6% |
| Recurring financial charges | 65 | €961 | €878 | -€83 | -8.6% |
| Profit (loss) for the period before taxes | 9903 | €20,360 | -€12,774 | -€33,134 | |
| Income taxes | 67/77 | €3,902 | €142 | -€3,761 | -96.4% |
| Profit (loss) for the period | 9904 | €16,458 | -€12,915 | -€29,373 | |
| Profit (loss) for the period to be appropriated | 9905 | €16,458 | -€12,915 | -€29,373 |
Next steps
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 2 November 2026 via checked.be.