FIDEM: what changed
Two financial 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 +€213,151
up €213,151 (+23.7%), from €900,000 to €1.1m
- Cash -€110,281
down €110,281 (-40.7%), from €270,997 to €160,716
mainly Current investments (-€213,151) and Tax, wage and social debts (-€104,796)
- Receivables after one year -€58,000
down €58,000 (-50.0%), from €116,000 to €58,000
- Receivables within one year -€52,006
down €52,006 (-8.4%), from €622,094 to €570,088
of which Other amounts receivable: -€48,013
- Reserves +€139,476
up €139,476 (+8.1%), from €1.7m to €1.9m
- Tax, wage and social debts -€104,796
down €104,796 (-95.2%), from €110,085 to €5,289
- Other debts -€47,481
down €47,481 (-39.5%), from €120,246 to €72,765
- Financial income -€740,232
down €740,232 (-86.5%), from €856,111 to €115,879
of which Non-recurring financial income: -€759,766
- Gross operating margin +€133,948
up €133,948, from -€82,934 to €51,014
- Taxes -€55,677
down €55,677 (-79.4%), from €70,133 to €14,456
- Financial charges +€6,496
up €6,496 (+153%), from €4,252 to €10,747
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.
Derived cash bridge
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 | €1,972,802 | €1,963,958 | -€8,843 | -0.4% |
| Fixed assets | 21/28 | €59,509 | €58,152 | -€1,356 | -2.3% |
| Tangible fixed assets | 22/27 | €4,799 | €3,442 | -€1,356 | -28.3% |
| Plant, machinery and equipment | 23 | €2,522 | €2,223 | -€299 | -11.9% |
| Furniture and vehicles | 24 | €2,277 | €1,219 | -€1,058 | -46.5% |
| Financial fixed assets | 28 | €54,710 | €54,710 | = | 0.0% |
| Current assets | 29/58 | €1,913,293 | €1,905,806 | -€7,487 | -0.4% |
| Amounts receivable after more than one year | 29 | €116,000 | €58,000 | -€58,000 | -50.0% |
| Other amounts receivable | 291 | €116,000 | €58,000 | -€58,000 | -50.0% |
| Amounts receivable within one year | 40/41 | €622,094 | €570,088 | -€52,006 | -8.4% |
| Trade receivables | 40 | €27,618 | €23,625 | -€3,993 | -14.5% |
| Other amounts receivable | 41 | €594,475 | €546,463 | -€48,013 | -8.1% |
| Current investments | 50/53 | €900,000 | €1,113,151 | +€213,151 | +23.7% |
| Cash at bank and in hand | 54/58 | €270,997 | €160,716 | -€110,281 | -40.7% |
| Deferred charges and accrued income | 490/1 | €4,203 | €3,851 | -€351 | -8.4% |
| Total equity and liabilities | 10/49 | €1,972,802 | €1,963,958 | -€8,843 | -0.4% |
| Equity | 10/15 | €1,738,058 | €1,877,535 | +€139,476 | +8.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,719,458 | €1,858,935 | +€139,476 | +8.1% |
| Distributable reserves | 133 | €1,719,458 | €1,858,935 | +€139,476 | +8.1% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €234,743 | €86,424 | -€148,320 | -63.2% |
| Amounts payable within one year | 42/48 | €234,743 | €82,139 | -€152,604 | -65.0% |
| Trade debts | 44 | €4,412 | €4,085 | -€327 | -7.4% |
| Suppliers | 440/4 | €4,412 | €4,085 | -€327 | -7.4% |
| Taxes, remuneration and social security | 45 | €110,085 | €5,289 | -€104,796 | -95.2% |
| Taxes | 450/3 | €110,085 | €5,289 | -€104,796 | -95.2% |
| Other amounts payable | 47/48 | €120,246 | €72,765 | -€47,481 | -39.5% |
| Accrued charges and deferred income | 492/3 | - | €4,285 | +€4,285 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,123 | €1,356 | +€233 | +20.8% |
| Other operating charges | 640/8 | €1,089 | €857 | -€232 | -21.3% |
| Gross operating margin | 9900 | -€82,934 | €51,014 | +€133,948 | |
| Operating profit (loss) | 9901 | -€85,146 | €48,801 | +€133,947 | |
| Financial income | 75/76B | €856,111 | €115,879 | -€740,232 | -86.5% |
| Recurring financial income | 75 | €16,345 | €35,879 | +€19,535 | +120% |
| Non-recurring financial income | 76B | €839,766 | €80,000 | -€759,766 | -90.5% |
| Financial charges | 65/66B | €4,252 | €10,747 | +€6,496 | +153% |
| Recurring financial charges | 65 | €4,252 | €10,747 | +€6,496 | +153% |
| Profit (loss) for the period before taxes | 9903 | €766,714 | €153,933 | -€612,781 | -79.9% |
| Income taxes | 67/77 | €70,133 | €14,456 | -€55,677 | -79.4% |
| Profit (loss) for the period | 9904 | €696,580 | €139,476 | -€557,104 | -80.0% |
| Profit (loss) for the period to be appropriated | 9905 | €696,580 | €139,476 | -€557,104 | -80.0% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 24 October 2026 via checked.be.