FIDELLE: 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.
FIDELLE
Largest movements
- Stocks and contracts +€31,675
up €31,675 (+23.5%), from €135,030 to €166,705
- Tangible fixed assets -€10,587
down €10,587 (-6.4%), from €164,765 to €154,178
- Other debts +€50,012
up €50,012 (+179.9%), from €27,796 to €77,808
- Debts after one year -€14,902
down €14,902 (-6.0%), from €248,053 to €233,152
- Trade debts -€12,811
down €12,811 (-53.0%), from €24,187 to €11,377
- Profit (loss) carried forward -€4,664
down €4,664, from €977 to -€3,687
- Gross operating margin -€7,417
down €7,417 (-44.0%), from €16,840 to €9,423
- Financial charges -€2,865
down €2,865 (-67.8%), from €4,223 to €1,358
- Financial income -€603
down €603 (-34.1%), from €1,768 to €1,165
- Other operating charges +€194
up €194 (+9.7%), from €2,000 to €2,194
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 | €313,494 | €329,669 | +€16,175 | +5.2% |
| Formation expenses | 20 | €241 | €48 | -€193 | -80.0% |
| Fixed assets | 21/28 | €164,765 | €154,178 | -€10,587 | -6.4% |
| Tangible fixed assets | 22/27 | €164,765 | €154,178 | -€10,587 | -6.4% |
| Land and buildings | 22 | €125,815 | €121,571 | -€4,244 | -3.4% |
| Plant, machinery and equipment | 23 | €37,158 | €31,947 | -€5,211 | -14.0% |
| Furniture and vehicles | 24 | €1,792 | €660 | -€1,132 | -63.2% |
| Current assets | 29/58 | €148,488 | €175,443 | +€26,954 | +18.2% |
| Stocks and contracts in progress | 3 | €135,030 | €166,705 | +€31,675 | +23.5% |
| Stocks | 30/36 | €135,030 | €166,705 | +€31,675 | +23.5% |
| Amounts receivable within one year | 40/41 | €8,370 | €5,643 | -€2,727 | -32.6% |
| Trade receivables | 40 | €8,370 | €5,643 | -€2,727 | -32.6% |
| Cash at bank and in hand | 54/58 | €5,089 | €3,095 | -€1,994 | -39.2% |
| Total equity and liabilities | 10/49 | €313,494 | €329,669 | +€16,175 | +5.2% |
| Equity | 10/15 | €1,977 | -€2,687 | -€4,664 | |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €977 | -€3,687 | -€4,664 | |
| Amounts payable | 17/49 | €311,518 | €332,356 | +€20,839 | +6.7% |
| Amounts payable after more than one year | 17 | €248,053 | €233,152 | -€14,902 | -6.0% |
| Financial debts | 170/4 | €248,053 | €233,152 | -€14,902 | -6.0% |
| Amounts payable within one year | 42/48 | €63,465 | €99,205 | +€35,740 | +56.3% |
| Current portion of amounts payable after more than one year | 42 | €10,134 | €7,995 | -€2,140 | -21.1% |
| Trade debts | 44 | €24,187 | €11,377 | -€12,811 | -53.0% |
| Suppliers | 440/4 | €24,187 | €11,377 | -€12,811 | -53.0% |
| Taxes, remuneration and social security | 45 | €1,347 | €2,026 | +€679 | +50.4% |
| Taxes | 450/3 | €1,347 | €2,026 | +€679 | +50.4% |
| Other amounts payable | 47/48 | €27,796 | €77,808 | +€50,012 | +179.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,691 | €11,700 | +€9 | +0.1% |
| Other operating charges | 640/8 | €2,000 | €2,194 | +€194 | +9.7% |
| Gross operating margin | 9900 | €16,840 | €9,423 | -€7,417 | -44.0% |
| Operating profit (loss) | 9901 | €3,149 | -€4,471 | -€7,620 | |
| Financial income | 75/76B | €1,768 | €1,165 | -€603 | -34.1% |
| Recurring financial income | 75 | €1,768 | €1,165 | -€603 | -34.1% |
| Financial charges | 65/66B | €4,223 | €1,358 | -€2,865 | -67.8% |
| Recurring financial charges | 65 | €4,223 | €1,358 | -€2,865 | -67.8% |
| Profit (loss) for the period before taxes | 9903 | €694 | -€4,664 | -€5,358 | |
| Profit (loss) for the period | 9904 | €694 | -€4,664 | -€5,358 | |
| Profit (loss) for the period to be appropriated | 9905 | €694 | -€4,664 | -€5,358 |
Source: filed annual accounts (NBB), fiscal years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.