FIDEMA: 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.
FIDEMA
Largest movements
- Receivables within one year -€466,151
down €466,151 (-87.8%), from €531,047 to €64,896
of which Other amounts receivable: -€463,846
- Current investments +€126,000
new in 2025: €126,000
- Tangible fixed assets -€101,943
down €101,943 (-18.5%), from €550,699 to €448,756
of which Land and buildings: -€102,866
- Cash +€90,283
up €90,283 (+54.4%), from €165,886 to €256,169
mainly Receivables within one year (+€466,151) and Net result for the year (+€227,797)
- Stocks and contracts +€66,451
up €66,451 (+32.8%), from €202,588 to €269,040
- Reserves -€284,122
down €284,122 (-24.1%), from €1.2m to €896,615
- Tax, wage and social debts +€43,982
up €43,982 (+130%), from €33,739 to €77,720
of which Taxes: +€40,592
- Advances received -€29,776
down €29,776 (-100%), from €29,776 to €0
- Debts after one year -€20,024
down €20,024 (-12.1%), from €165,661 to €145,638
- Financial income -€133,320
down €133,320 (-39.2%), from €339,873 to €206,553
- Gross operating margin +€55,970
up €55,970 (+53.9%), from €103,850 to €159,820
- Taxes -€21,842
down €21,842 (-17.7%), from €123,062 to €101,220
- Depreciation -€7,686
down €7,686 (-23.1%), from €33,329 to €25,643
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 | €1,451,731 | €1,165,555 | -€286,176 | -19.7% |
| Fixed assets | 21/28 | €550,789 | €448,846 | -€101,943 | -18.5% |
| Tangible fixed assets | 22/27 | €550,699 | €448,756 | -€101,943 | -18.5% |
| Land and buildings | 22 | €546,773 | €443,908 | -€102,866 | -18.8% |
| Plant, machinery and equipment | 23 | €1,449 | €4,652 | +€3,203 | +221% |
| Furniture and vehicles | 24 | €2,477 | €196 | -€2,281 | -92.1% |
| Financial fixed assets | 28 | €90 | €90 | = | 0.0% |
| Current assets | 29/58 | €900,941 | €716,709 | -€184,233 | -20.4% |
| Stocks and contracts in progress | 3 | €202,588 | €269,040 | +€66,451 | +32.8% |
| Stocks | 30/36 | €202,588 | €269,040 | +€66,451 | +32.8% |
| Amounts receivable within one year | 40/41 | €531,047 | €64,896 | -€466,151 | -87.8% |
| Trade receivables | 40 | €24,085 | €21,780 | -€2,305 | -9.6% |
| Other amounts receivable | 41 | €506,962 | €43,116 | -€463,846 | -91.5% |
| Current investments | 50/53 | - | €126,000 | +€126,000 | |
| Cash at bank and in hand | 54/58 | €165,886 | €256,169 | +€90,283 | +54.4% |
| Deferred charges and accrued income | 490/1 | €1,421 | €604 | -€817 | -57.5% |
| Total equity and liabilities | 10/49 | €1,451,731 | €1,165,555 | -€286,176 | -19.7% |
| Equity | 10/15 | €1,186,937 | €902,815 | -€284,122 | -23.9% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €1,180,737 | €896,615 | -€284,122 | -24.1% |
| Distributable reserves | 133 | €1,180,737 | €896,615 | -€284,122 | -24.1% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €264,794 | €262,739 | -€2,054 | -0.8% |
| Amounts payable after more than one year | 17 | €165,661 | €145,638 | -€20,024 | -12.1% |
| Financial debts | 170/4 | €165,661 | €145,638 | -€20,024 | -12.1% |
| Amounts payable within one year | 42/48 | €98,911 | €117,102 | +€18,190 | +18.4% |
| Current portion of amounts payable after more than one year | 42 | €19,665 | €20,024 | +€359 | +1.8% |
| Trade debts | 44 | €8,729 | €19,358 | +€10,628 | +122% |
| Suppliers | 440/4 | €8,729 | €19,358 | +€10,628 | +122% |
| Advances received on contracts in progress | 46 | €29,776 | €0 | -€29,776 | -100% |
| Taxes, remuneration and social security | 45 | €33,739 | €77,720 | +€43,982 | +130% |
| Taxes | 450/3 | €33,739 | €74,331 | +€40,592 | +120% |
| Remuneration and social security | 454/9 | - | €3,390 | +€3,390 | |
| Other amounts payable | 47/48 | €7,002 | €0 | -€7,002 | -100% |
| Accrued charges and deferred income | 492/3 | €221 | €0 | -€221 | -100% |
| Non-recurring operating income | 76A | €0 | €38,772 | +€38,772 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €33,329 | €25,643 | -€7,686 | -23.1% |
| Other operating charges | 640/8 | €7,105 | €8,421 | +€1,316 | +18.5% |
| Gross operating margin | 9900 | €103,850 | €159,820 | +€55,970 | +53.9% |
| Operating profit (loss) | 9901 | €63,415 | €125,755 | +€62,340 | +98.3% |
| Financial income | 75/76B | €339,873 | €206,553 | -€133,320 | -39.2% |
| Recurring financial income | 75 | €339,873 | €206,553 | -€133,320 | -39.2% |
| Financial charges | 65/66B | €3,652 | €3,290 | -€362 | -9.9% |
| Recurring financial charges | 65 | €3,652 | €3,290 | -€362 | -9.9% |
| Profit (loss) for the period before taxes | 9903 | €399,637 | €329,018 | -€70,619 | -17.7% |
| Income taxes | 67/77 | €123,062 | €101,220 | -€21,842 | -17.7% |
| Profit (loss) for the period | 9904 | €276,574 | €227,797 | -€48,777 | -17.6% |
| Profit (loss) for the period to be appropriated | 9905 | €276,574 | €227,797 | -€48,777 | -17.6% |
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 23 October 2026 via checked.be.