FIDELO: 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.
FIDELO
Largest movements
- Receivables within one year -€40,111
down €40,111 (-58.0%), from €69,186 to €29,075
of which Trade receivables: -€43,592
- Cash +€13,426
up €13,426 (+66.2%), from €20,279 to €33,705
mainly Receivables within one year (+€40,111) and Depreciation (+€10,200)
- Tangible fixed assets +€10,773
up €10,773 (+64.4%), from €16,722 to €27,495
- Intangible fixed assets -€2,800
down €2,800 (-21.5%), from €13,000 to €10,200
- Tax, wage and social debts -€17,031
down €17,031 (-55.8%), from €30,525 to €13,494
of which Taxes: -€18,755
- Trade debts -€13,324
down €13,324 (-83.1%), from €16,043 to €2,719
- Debts after one year +€8,924
new in 2024: €8,924
- Reserves +€3,559
up €3,559 (+5.6%), from €63,036 to €66,595
- Other debts -€1,786
down €1,786 (-26.9%), from €6,646 to €4,860
- Gross operating margin -€48,318
down €48,318 (-34.7%), from €139,283 to €90,965
- Other operating charges -€15,251
down €15,251 (-91.5%), from €16,665 to €1,414
- Taxes -€11,322
down €11,322 (-77.4%), from €14,623 to €3,301
- Staff costs -€3,718
down €3,718 (-4.9%), from €75,677 to €71,959
- Depreciation +€2,056
up €2,056 (+25.2%), from €8,144 to €10,200
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €126,384 | €107,672 | -€18,712 | -14.8% |
| Fixed assets | 21/28 | €36,919 | €44,892 | +€7,973 | +21.6% |
| Intangible fixed assets | 21 | €13,000 | €10,200 | -€2,800 | -21.5% |
| Tangible fixed assets | 22/27 | €16,722 | €27,495 | +€10,773 | +64.4% |
| Furniture and vehicles | 24 | €16,722 | €27,495 | +€10,773 | +64.4% |
| Financial fixed assets | 28 | €7,197 | €7,197 | = | 0.0% |
| Current assets | 29/58 | €89,465 | €62,780 | -€26,685 | -29.8% |
| Amounts receivable within one year | 40/41 | €69,186 | €29,075 | -€40,111 | -58.0% |
| Trade receivables | 40 | €69,186 | €25,594 | -€43,592 | -63.0% |
| Other amounts receivable | 41 | - | €3,481 | +€3,481 | |
| Cash at bank and in hand | 54/58 | €20,279 | €33,705 | +€13,426 | +66.2% |
| Total equity and liabilities | 10/49 | €126,384 | €107,672 | -€18,712 | -14.8% |
| Equity | 10/15 | €69,236 | €72,795 | +€3,559 | +5.1% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €63,036 | €66,595 | +€3,559 | +5.6% |
| Distributable reserves | 133 | €63,036 | €66,595 | +€3,559 | +5.6% |
| Amounts payable | 17/49 | €57,148 | €34,877 | -€22,271 | -39.0% |
| Amounts payable after more than one year | 17 | - | €8,924 | +€8,924 | |
| Financial debts | 170/4 | - | €8,924 | +€8,924 | |
| Amounts payable within one year | 42/48 | €57,148 | €25,953 | -€31,195 | -54.6% |
| Current portion of amounts payable after more than one year | 42 | €3,934 | €4,880 | +€946 | +24.0% |
| Trade debts | 44 | €16,043 | €2,719 | -€13,324 | -83.1% |
| Suppliers | 440/4 | €16,043 | €2,719 | -€13,324 | -83.1% |
| Taxes, remuneration and social security | 45 | €30,525 | €13,494 | -€17,031 | -55.8% |
| Taxes | 450/3 | €24,941 | €6,186 | -€18,755 | -75.2% |
| Remuneration and social security | 454/9 | €5,584 | €7,308 | +€1,724 | +30.9% |
| Other amounts payable | 47/48 | €6,646 | €4,860 | -€1,786 | -26.9% |
| Remuneration, social security and pensions | 62 | €75,677 | €71,959 | -€3,718 | -4.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,144 | €10,200 | +€2,056 | +25.2% |
| Other operating charges | 640/8 | €16,665 | €1,414 | -€15,251 | -91.5% |
| Gross operating margin | 9900 | €139,283 | €90,965 | -€48,318 | -34.7% |
| Operating profit (loss) | 9901 | €38,797 | €7,392 | -€31,405 | -80.9% |
| Financial income | 75/76B | €40 | €72 | +€32 | +80.0% |
| Recurring financial income | 75 | €40 | €72 | +€32 | +80.0% |
| Financial charges | 65/66B | €528 | €604 | +€76 | +14.4% |
| Recurring financial charges | 65 | €528 | €604 | +€76 | +14.4% |
| Profit (loss) for the period before taxes | 9903 | €38,309 | €6,860 | -€31,449 | -82.1% |
| Income taxes | 67/77 | €14,623 | €3,301 | -€11,322 | -77.4% |
| Profit (loss) for the period | 9904 | €23,686 | €3,559 | -€20,127 | -85.0% |
| Profit (loss) for the period to be appropriated | 9905 | €23,686 | €3,559 | -€20,127 | -85.0% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 2 October 2026 via checked.be.