Fidemas: 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.
Fidemas
Largest movements
- Receivables within one year +€54,051
up €54,051 (+46.2%), from €117,071 to €171,122
of which Other amounts receivable: +€54,051
- Cash +€22,019
up €22,019 (+91.0%), from €24,206 to €46,225
mainly Net result for the year (+€75,431) and Tax, wage and social debts (+€1,670)
- Reserves +€74,598
up €74,598 (+68.4%), from €109,060 to €183,658
- Gross operating margin +€21,924
up €21,924 (+26.0%), from €84,376 to €106,300
- Taxes +€5,491
up €5,491 (+25.1%), from €21,860 to €27,352
- Financial income +€1,214
up €1,214 (+43.4%), from €2,793 to €4,007
- Financial charges +€1,171
up €1,171 (+25.8%), from €4,534 to €5,706
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 | €252,756 | €329,765 | +€77,009 | +30.5% |
| Fixed assets | 21/28 | €108,318 | €107,864 | -€455 | -0.4% |
| Tangible fixed assets | 22/27 | €818 | €364 | -€455 | -55.6% |
| Furniture and vehicles | 24 | €818 | €364 | -€455 | -55.6% |
| Financial fixed assets | 28 | €107,500 | €107,500 | = | 0.0% |
| Current assets | 29/58 | €144,438 | €221,902 | +€77,463 | +53.6% |
| Amounts receivable within one year | 40/41 | €117,071 | €171,122 | +€54,051 | +46.2% |
| Trade receivables | 40 | €0 | - | = | |
| Other amounts receivable | 41 | €117,071 | €171,122 | +€54,051 | +46.2% |
| Cash at bank and in hand | 54/58 | €24,206 | €46,225 | +€22,019 | +91.0% |
| Deferred charges and accrued income | 490/1 | €3,161 | €4,555 | +€1,394 | +44.1% |
| Total equity and liabilities | 10/49 | €252,756 | €329,765 | +€77,009 | +30.5% |
| Equity | 10/15 | €111,060 | €185,658 | +€74,598 | +67.2% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Reserves | 13 | €109,060 | €183,658 | +€74,598 | +68.4% |
| Distributable reserves | 133 | €109,060 | €183,658 | +€74,598 | +68.4% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €141,696 | €144,107 | +€2,411 | +1.7% |
| Amounts payable after more than one year | 17 | €52,000 | €52,000 | = | 0.0% |
| Financial debts | 170/4 | €52,000 | €52,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €85,526 | €86,806 | +€1,280 | +1.5% |
| Trade debts | 44 | €575 | €355 | -€220 | -38.3% |
| Suppliers | 440/4 | €575 | €355 | -€220 | -38.3% |
| Taxes, remuneration and social security | 45 | €58,017 | €59,687 | +€1,670 | +2.9% |
| Taxes | 450/3 | €58,017 | €59,687 | +€1,670 | +2.9% |
| Other amounts payable | 47/48 | €26,934 | €26,764 | -€170 | -0.6% |
| Accrued charges and deferred income | 492/3 | €4,170 | €5,302 | +€1,131 | +27.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €455 | €455 | = | 0.0% |
| Other operating charges | 640/8 | €610 | €1,363 | +€753 | +123.4% |
| Gross operating margin | 9900 | €84,376 | €106,300 | +€21,924 | +26.0% |
| Operating profit (loss) | 9901 | €83,311 | €104,482 | +€21,171 | +25.4% |
| Financial income | 75/76B | €2,793 | €4,007 | +€1,214 | +43.4% |
| Recurring financial income | 75 | €2,793 | €4,007 | +€1,214 | +43.4% |
| Financial charges | 65/66B | €4,534 | €5,706 | +€1,171 | +25.8% |
| Recurring financial charges | 65 | €4,534 | €5,706 | +€1,171 | +25.8% |
| Profit (loss) for the period before taxes | 9903 | €81,570 | €102,783 | +€21,213 | +26.0% |
| Income taxes | 67/77 | €21,860 | €27,352 | +€5,491 | +25.1% |
| Profit (loss) for the period | 9904 | €59,709 | €75,431 | +€15,722 | +26.3% |
| Profit (loss) for the period to be appropriated | 9905 | €59,709 | €75,431 | +€15,722 | +26.3% |
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 11 October 2026 via checked.be.