FIDELCO: 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.
FIDELCO
Largest movements
- Financial fixed assets -€453,748
down €453,748 (-100.0%), from €453,898 to €150
- Cash +€31,790
up €31,790 (+62.7%), from €50,697 to €82,487
mainly Investment in fixed assets (net) (+€449,473) and Net result for the year (+€129,040)
- Receivables within one year +€27,531
up €27,531 (+43.1%), from €63,913 to €91,445
of which Trade receivables: +€26,042
- Other debts -€387,900
down €387,900 (-71.7%), from €541,133 to €153,233
- Trade debts -€12,218
down €12,218 (-44.4%), from €27,501 to €15,284
- Gross operating margin +€94,600
up €94,600 (+44.9%), from €210,564 to €305,164
- Staff costs +€22,555
up €22,555 (+24.1%), from €93,496 to €116,052
- Taxes +€16,043
up €16,043 (+58.5%), from €27,434 to €43,478
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 | €622,603 | €224,855 | -€397,749 | -63.9% |
| Fixed assets | 21/28 | €490,387 | €33,115 | -€457,272 | -93.2% |
| Tangible fixed assets | 22/27 | €36,489 | €32,965 | -€3,524 | -9.7% |
| Plant, machinery and equipment | 23 | €15,117 | €17,948 | +€2,831 | +18.7% |
| Furniture and vehicles | 24 | €21,372 | €15,017 | -€6,355 | -29.7% |
| Financial fixed assets | 28 | €453,898 | €150 | -€453,748 | -100.0% |
| Current assets | 29/58 | €132,216 | €191,740 | +€59,524 | +45.0% |
| Amounts receivable after more than one year | 29 | €15,000 | €15,000 | = | 0.0% |
| Other amounts receivable | 291 | €15,000 | €15,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €63,913 | €91,445 | +€27,531 | +43.1% |
| Trade receivables | 40 | €56,092 | €82,134 | +€26,042 | +46.4% |
| Other amounts receivable | 41 | €7,821 | €9,310 | +€1,489 | +19.0% |
| Cash at bank and in hand | 54/58 | €50,697 | €82,487 | +€31,790 | +62.7% |
| Deferred charges and accrued income | 490/1 | €2,606 | €2,809 | +€203 | +7.8% |
| Total equity and liabilities | 10/49 | €622,603 | €224,855 | -€397,749 | -63.9% |
| Equity | 10/15 | €22,000 | €22,000 | = | 0.0% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €2,000 | €2,000 | = | 0.0% |
| Non-distributable reserves | 130/1 | €2,000 | €2,000 | = | 0.0% |
| Reserves not available under the articles | 1311 | €2,000 | €2,000 | = | 0.0% |
| Amounts payable | 17/49 | €600,603 | €202,855 | -€397,749 | -66.2% |
| Amounts payable within one year | 42/48 | €600,603 | €202,855 | -€397,749 | -66.2% |
| Trade debts | 44 | €27,501 | €15,284 | -€12,218 | -44.4% |
| Suppliers | 440/4 | €27,501 | €15,284 | -€12,218 | -44.4% |
| Taxes, remuneration and social security | 45 | €31,969 | €34,338 | +€2,369 | +7.4% |
| Taxes | 450/3 | €15,448 | €23,389 | +€7,941 | +51.4% |
| Remuneration and social security | 454/9 | €16,521 | €10,949 | -€5,572 | -33.7% |
| Other amounts payable | 47/48 | €541,133 | €153,233 | -€387,900 | -71.7% |
| Remuneration, social security and pensions | 62 | €93,496 | €116,052 | +€22,555 | +24.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,014 | €7,799 | +€785 | +11.2% |
| Other operating charges | 640/8 | €7,608 | €10,025 | +€2,417 | +31.8% |
| Non-recurring operating charges | 66A | €63 | €652 | +€589 | +936.5% |
| Gross operating margin | 9900 | €210,564 | €305,164 | +€94,600 | +44.9% |
| Operating profit (loss) | 9901 | €102,382 | €170,636 | +€68,253 | +66.7% |
| Financial income | 75/76B | €1,762 | €2,475 | +€713 | +40.5% |
| Recurring financial income | 75 | €1,762 | €2,475 | +€713 | +40.5% |
| Financial charges | 65/66B | €773 | €593 | -€180 | -23.2% |
| Recurring financial charges | 65 | €773 | €593 | -€180 | -23.2% |
| Profit (loss) for the period before taxes | 9903 | €103,371 | €172,517 | +€69,146 | +66.9% |
| Income taxes | 67/77 | €27,434 | €43,478 | +€16,043 | +58.5% |
| Profit (loss) for the period | 9904 | €75,937 | €129,040 | +€53,103 | +69.9% |
| Profit (loss) for the period to be appropriated | 9905 | €75,937 | €129,040 | +€53,103 | +69.9% |
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 28 September 2026 via checked.be.