FIDEGEST IMMOBILIERE: what changed
FIDEGEST IMMOBILIERE
Largest movements
- Receivables within one year -€37,633
no longer reported in 2025 (was €37,633)
of which Other amounts receivable: -€36,887
- Tangible fixed assets -€37,592
down €37,592 (-12.5%), from €299,744 to €262,152
- Cash +€3,870
new in 2025: €3,870
mainly Receivables within one year (+€37,633) and Depreciation (+€37,592)
- Reserves -€36,962
down €36,962 (-16.5%), from €223,762 to €186,800
of which Distributable reserves: -€30,759
- Debts after one year -€17,163
down €17,163 (-48.9%), from €35,076 to €17,912
of which Financial debts: -€17,163
- Other debts -€13,071
down €13,071 (-63.9%), from €20,450 to €7,379
- Other operating charges -€8,142
down €8,142 (-64.3%), from €12,668 to €4,526
- Financial income -€4,611
no longer reported in 2025 (was €4,611)
- Gross operating margin +€1,848
up €1,848 (+41.2%), from €4,483 to €6,331
- Financial charges +€965
up €965 (+28.4%), from €3,404 to €4,370
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €337,551 | €266,197 | -€71,354 | -21.1% |
| Fixed assets | 21/28 | €299,918 | €262,326 | -€37,592 | -12.5% |
| Tangible fixed assets | 22/27 | €299,744 | €262,152 | -€37,592 | -12.5% |
| Land and buildings | 22 | €206,870 | €191,175 | -€15,695 | -7.6% |
| Plant, machinery and equipment | 23 | €1,150 | €967 | -€183 | -15.9% |
| Furniture and vehicles | 24 | €61,150 | €43,595 | -€17,555 | -28.7% |
| Other tangible fixed assets | 26 | €30,575 | €26,415 | -€4,159 | -13.6% |
| Financial fixed assets | 28 | €174 | €174 | = | 0.0% |
| Current assets | 29/58 | €37,633 | €3,870 | -€33,762 | -89.7% |
| Amounts receivable within one year | 40/41 | €37,633 | - | -€37,633 | |
| Trade receivables | 40 | €745 | - | -€745 | |
| Other amounts receivable | 41 | €36,887 | - | -€36,887 | |
| Cash at bank and in hand | 54/58 | - | €3,870 | +€3,870 | |
| Total equity and liabilities | 10/49 | €337,551 | €266,197 | -€71,354 | -21.1% |
| Equity | 10/15 | €236,167 | €199,205 | -€36,962 | -15.7% |
| Contributions | 10/11 | €12,405 | €12,405 | = | 0.0% |
| Reserves | 13 | €223,762 | €186,800 | -€36,962 | -16.5% |
| Non-distributable reserves | 130/1 | €1,859 | €1,859 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,859 | €1,859 | = | 0.0% |
| Tax-exempt reserves | 132 | €53,847 | €47,644 | -€6,203 | -11.5% |
| Distributable reserves | 133 | €168,056 | €137,296 | -€30,759 | -18.3% |
| Provisions and deferred taxes | 16 | €27,727 | €24,533 | -€3,194 | -11.5% |
| Deferred taxes | 168 | €27,727 | €24,533 | -€3,194 | -11.5% |
| Amounts payable | 17/49 | €73,657 | €42,459 | -€31,198 | -42.4% |
| Amounts payable after more than one year | 17 | €35,076 | €17,912 | -€17,163 | -48.9% |
| Financial debts | 170/4 | €32,076 | €14,912 | -€17,163 | -53.5% |
| Other amounts payable | 178/9 | €3,000 | €3,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €38,581 | €24,546 | -€14,034 | -36.4% |
| Current portion of amounts payable after more than one year | 42 | €16,399 | €17,163 | +€764 | +4.7% |
| Financial debts | 43 | €1,105 | - | -€1,105 | |
| Credit institutions | 430/8 | €1,105 | - | -€1,105 | |
| Trade debts | 44 | €627 | €4 | -€622 | -99.3% |
| Suppliers | 440/4 | €627 | €4 | -€622 | -99.3% |
| Other amounts payable | 47/48 | €20,450 | €7,379 | -€13,071 | -63.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €37,619 | €37,592 | -€28 | -0.1% |
| Other operating charges | 640/8 | €12,668 | €4,526 | -€8,142 | -64.3% |
| Gross operating margin | 9900 | €4,483 | €6,331 | +€1,848 | +41.2% |
| Operating profit (loss) | 9901 | -€45,805 | -€35,786 | +€10,018 | +21.9% |
| Financial income | 75/76B | €4,611 | - | -€4,611 | |
| Recurring financial income | 75 | €4,611 | - | -€4,611 | |
| Financial charges | 65/66B | €3,404 | €4,370 | +€965 | +28.4% |
| Recurring financial charges | 65 | €3,404 | €4,370 | +€965 | +28.4% |
| Profit (loss) for the period before taxes | 9903 | -€44,598 | -€40,156 | +€4,442 | +10.0% |
| Transfer from deferred taxes | 780 | €3,194 | €3,194 | = | 0.0% |
| Profit (loss) for the period | 9904 | -€41,404 | -€36,962 | +€4,442 | +10.7% |
| Transfer from tax-exempt reserves | 789 | €6,203 | €6,203 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€35,202 | -€30,759 | +€4,442 | +12.6% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 7 November 2026 via checked.be.