FIDELIS CONSTRUCT: 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.
FIDELIS CONSTRUCT
Largest movements
- Cash +€65,775
up €65,775 (+47.4%), from €138,881 to €204,656
mainly Net result for the year (+€53,769) and Tax, wage and social debts (+€15,203)
- Deferred charges and accrued income +€12,080
up €12,080 (+1056.0%), from €1,144 to €13,224
- Receivables within one year -€10,039
down €10,039 (-97.6%), from €10,287 to €248
- Reserves +€53,769
up €53,769 (+40.4%), from €133,162 to €186,930
- Tax, wage and social debts +€15,203
up €15,203 (+60.0%), from €25,357 to €40,560
- Trade debts -€5,907
down €5,907 (-98.6%), from €5,988 to €81
- Other debts +€3,867
up €3,867 (+60.2%), from €6,420 to €10,286
- Gross operating margin -€12,278
down €12,278 (-14.2%), from €86,445 to €74,167
- Taxes -€3,033
down €3,033 (-15.9%), from €19,072 to €16,039
- Other operating charges +€2,623
up €2,623 (+858.5%), from €306 to €2,928
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 | €171,092 | €238,032 | +€66,940 | +39.1% |
| Fixed assets | 21/28 | €3,780 | €2,123 | -€1,658 | -43.9% |
| Tangible fixed assets | 22/27 | €3,780 | €2,123 | -€1,658 | -43.9% |
| Plant, machinery and equipment | 23 | €2,008 | €1,497 | -€511 | -25.4% |
| Furniture and vehicles | 24 | €1,772 | €625 | -€1,147 | -64.7% |
| Current assets | 29/58 | €167,312 | €235,910 | +€68,598 | +41.0% |
| Amounts receivable within one year | 40/41 | €10,287 | €248 | -€10,039 | -97.6% |
| Trade receivables | 40 | €10,287 | €248 | -€10,039 | -97.6% |
| Current investments | 50/53 | €17,000 | €17,782 | +€782 | +4.6% |
| Cash at bank and in hand | 54/58 | €138,881 | €204,656 | +€65,775 | +47.4% |
| Deferred charges and accrued income | 490/1 | €1,144 | €13,224 | +€12,080 | +1056.0% |
| Total equity and liabilities | 10/49 | €171,092 | €238,032 | +€66,940 | +39.1% |
| Equity | 10/15 | €133,262 | €187,030 | +€53,769 | +40.3% |
| Contributions | 10/11 | €100 | €100 | = | 0.0% |
| Reserves | 13 | €133,162 | €186,930 | +€53,769 | +40.4% |
| Distributable reserves | 133 | €133,162 | €186,930 | +€53,769 | +40.4% |
| Amounts payable | 17/49 | €37,831 | €51,002 | +€13,171 | +34.8% |
| Amounts payable within one year | 42/48 | €37,765 | €50,928 | +€13,163 | +34.9% |
| Trade debts | 44 | €5,988 | €81 | -€5,907 | -98.6% |
| Suppliers | 440/4 | €5,988 | €81 | -€5,907 | -98.6% |
| Taxes, remuneration and social security | 45 | €25,357 | €40,560 | +€15,203 | +60.0% |
| Taxes | 450/3 | €25,357 | €40,560 | +€15,203 | +60.0% |
| Other amounts payable | 47/48 | €6,420 | €10,286 | +€3,867 | +60.2% |
| Accrued charges and deferred income | 492/3 | €66 | €74 | +€8 | +12.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,658 | €1,658 | = | 0.0% |
| Other operating charges | 640/8 | €306 | €2,928 | +€2,623 | +858.5% |
| Gross operating margin | 9900 | €86,445 | €74,167 | -€12,278 | -14.2% |
| Operating profit (loss) | 9901 | €84,482 | €69,581 | -€14,901 | -17.6% |
| Financial income | 75/76B | €57 | €642 | +€585 | +1024.5% |
| Recurring financial income | 75 | €57 | €642 | +€585 | +1024.5% |
| Financial charges | 65/66B | €385 | €415 | +€30 | +7.9% |
| Recurring financial charges | 65 | €385 | €415 | +€30 | +7.9% |
| Profit (loss) for the period before taxes | 9903 | €84,154 | €69,808 | -€14,346 | -17.0% |
| Income taxes | 67/77 | €19,072 | €16,039 | -€3,033 | -15.9% |
| Profit (loss) for the period | 9904 | €65,082 | €53,769 | -€11,314 | -17.4% |
| Profit (loss) for the period to be appropriated | 9905 | €65,082 | €53,769 | -€11,314 | -17.4% |
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 2 October 2026 via checked.be.