Fidem: 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.
Fidem
Largest movements
- Current investments -€180,125
down €180,125 (-100.0%), from €180,125 to €0
- Cash +€82,999
up €82,999 (+617.8%), from €13,435 to €96,434
mainly Net result for the year (+€319,954) and Current investments (+€180,125)
- Receivables within one year +€37,772
up €37,772 (+94.1%), from €40,122 to €77,893
of which Trade receivables: +€35,732
- Tangible fixed assets +€32,476
up €32,476 (+20.3%), from €160,326 to €192,803
of which Other tangible fixed assets: +€44,988
- Debts after one year -€31,574
down €31,574 (-17.5%), from €179,961 to €148,386
- Other debts +€16,443
up €16,443 (+5.2%), from €313,541 to €329,984
- Current portion of long-term debt -€10,212
down €10,212 (-24.4%), from €41,787 to €31,574
- Gross operating margin +€14,172
up €14,172 (+3.3%), from €432,026 to €446,198
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 | €597,223 | €570,391 | -€26,831 | -4.5% |
| Fixed assets | 21/28 | €362,730 | €395,206 | +€32,476 | +9.0% |
| Tangible fixed assets | 22/27 | €160,326 | €192,803 | +€32,476 | +20.3% |
| Land and buildings | 22 | €146,751 | €138,135 | -€8,616 | -5.9% |
| Furniture and vehicles | 24 | €6,991 | €3,095 | -€3,896 | -55.7% |
| Other tangible fixed assets | 26 | €6,585 | €51,572 | +€44,988 | +683.2% |
| Financial fixed assets | 28 | €202,403 | €202,403 | = | 0.0% |
| Current assets | 29/58 | €234,493 | €175,185 | -€59,307 | -25.3% |
| Amounts receivable within one year | 40/41 | €40,122 | €77,893 | +€37,772 | +94.1% |
| Trade receivables | 40 | €39,927 | €75,659 | +€35,732 | +89.5% |
| Other amounts receivable | 41 | €195 | €2,234 | +€2,039 | +1047.0% |
| Current investments | 50/53 | €180,125 | €0 | -€180,125 | -100.0% |
| Cash at bank and in hand | 54/58 | €13,435 | €96,434 | +€82,999 | +617.8% |
| Deferred charges and accrued income | 490/1 | €812 | €859 | +€47 | +5.8% |
| Total equity and liabilities | 10/49 | €597,223 | €570,391 | -€26,831 | -4.5% |
| Equity | 10/15 | €18,600 | €18,600 | = | 0.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Amounts payable | 17/49 | €578,623 | €551,791 | -€26,831 | -4.6% |
| Amounts payable after more than one year | 17 | €179,961 | €148,386 | -€31,574 | -17.5% |
| Financial debts | 170/4 | €179,961 | €148,386 | -€31,574 | -17.5% |
| Amounts payable within one year | 42/48 | €398,662 | €403,405 | +€4,743 | +1.2% |
| Current portion of amounts payable after more than one year | 42 | €41,787 | €31,574 | -€10,212 | -24.4% |
| Trade debts | 44 | €4,359 | €750 | -€3,609 | -82.8% |
| Suppliers | 440/4 | €4,359 | €750 | -€3,609 | -82.8% |
| Taxes, remuneration and social security | 45 | €38,975 | €41,097 | +€2,122 | +5.4% |
| Taxes | 450/3 | €38,975 | €41,097 | +€2,122 | +5.4% |
| Other amounts payable | 47/48 | €313,541 | €329,984 | +€16,443 | +5.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,648 | €17,728 | +€4,080 | +29.9% |
| Other operating charges | 640/8 | €2,095 | €1,305 | -€790 | -37.7% |
| Gross operating margin | 9900 | €432,026 | €446,198 | +€14,172 | +3.3% |
| Operating profit (loss) | 9901 | €416,284 | €427,166 | +€10,882 | +2.6% |
| Financial income | 75/76B | €1,684 | €622 | -€1,063 | -63.1% |
| Recurring financial income | 75 | €1,684 | €622 | -€1,063 | -63.1% |
| Financial charges | 65/66B | €3,568 | €3,124 | -€443 | -12.4% |
| Recurring financial charges | 65 | €3,568 | €3,124 | -€443 | -12.4% |
| Profit (loss) for the period before taxes | 9903 | €414,400 | €424,663 | +€10,262 | +2.5% |
| Income taxes | 67/77 | €104,009 | €104,709 | +€699 | +0.7% |
| Profit (loss) for the period | 9904 | €310,391 | €319,954 | +€9,563 | +3.1% |
| Profit (loss) for the period to be appropriated | 9905 | €310,391 | €319,954 | +€9,563 | +3.1% |
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 7 October 2026 via checked.be.