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FIDENTAL: 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.

What changed

FIDENTAL

BE 0682.765.578
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€40,165
2024 · €46,393-€6,228
Equity
€23,765
2024 · €101,970-€78,205
Cash
€63,388
2024 · €51,981+€11,406
Balance sheet total
€136,851
2024 · €135,117+€1,734

Largest movements

2024 to 2025
Assets
  • Tangible fixed assets +€14,579

    up €14,579 (+44.9%), from €32,500 to €47,079

    of which Other tangible fixed assets: +€16,228

  • Current investments -€14,500

    down €14,500 (-49.0%), from €29,615 to €15,115

  • Cash +€11,406

    up €11,406 (+21.9%), from €51,981 to €63,388

    mainly Other debts (+€86,903) and Net result for the year (+€40,165)

  • Receivables within one year -€8,932

    down €8,932 (-44.2%), from €20,201 to €11,270

    of which Other amounts receivable: -€4,624

Equity and liabilities
  • Other debts +€86,903

    up €86,903 (+7727.9%), from €1,125 to €88,028

  • Reserves -€78,205

    down €78,205 (-93.8%), from €83,370 to €5,165

  • Debts after one year -€6,497

    down €6,497 (-26.0%), from €24,968 to €18,471

Income statement
  • Gross operating margin -€8,563

    down €8,563 (-12.3%), from €69,738 to €61,175

  • Depreciation +€3,594

    up €3,594 (+41.8%), from €8,597 to €12,190

  • Financial income +€3,067

    up €3,067 (+2220.8%), from €138 to €3,205

  • Taxes -€2,975

    down €2,975 (-24.4%), from €12,217 to €9,241

From the 2024 result to the 2025 result

effect on the 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.

Result 2024 €46,393
Gross operating margin -€8,563
Depreciation -€3,594
Other operating charges -€479
Financial income +€3,067
Financial charges +€366
Taxes +€2,975
Result 2025 €40,165

Cash bridge derived

cash 2024 to 2025

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.

From operations +€148,163
Investment -€12,270
Financing -€124,487
Cash 2024 €51,981
Net result for the year +€40,165
Depreciation +€12,190
Receivables within one year +€8,932
Deferred charges and accrued income +€820
Trade debts -€847
Other debts +€86,903
Investment in fixed assets (net) -€26,770
Current investments +€14,500
Debts after one year -€6,497
Current portion of long-term debt +€379
Contributions, distributions and other -€118,370
Cash 2025 €63,388
Every line side by side 39 lines
Line Code 2024 2025 Change %
Total assets 20/58 €135,117 €136,851 +€1,734 +1.3%
Fixed assets 21/28 €32,500 €47,079 +€14,579 +44.9%
Tangible fixed assets 22/27 €32,500 €47,079 +€14,579 +44.9%
Plant, machinery and equipment 23 - €1,116 +€1,116
Furniture and vehicles 24 €3,800 €8,681 +€4,881 +128.5%
Leasing and similar rights 25 €28,700 €21,054 -€7,646 -26.6%
Other tangible fixed assets 26 - €16,228 +€16,228
Current assets 29/58 €102,617 €89,772 -€12,845 -12.5%
Amounts receivable within one year 40/41 €20,201 €11,270 -€8,932 -44.2%
Trade receivables 40 €12,849 €8,542 -€4,307 -33.5%
Other amounts receivable 41 €7,352 €2,728 -€4,624 -62.9%
Current investments 50/53 €29,615 €15,115 -€14,500 -49.0%
Cash at bank and in hand 54/58 €51,981 €63,388 +€11,406 +21.9%
Deferred charges and accrued income 490/1 €820 - -€820
Total equity and liabilities 10/49 €135,117 €136,851 +€1,734 +1.3%
Equity 10/15 €101,970 €23,765 -€78,205 -76.7%
Contributions 10/11 €18,600 €18,600 = 0.0%
Reserves 13 €83,370 €5,165 -€78,205 -93.8%
Distributable reserves 133 €83,370 €5,165 -€78,205 -93.8%
Amounts payable 17/49 €33,148 €113,086 +€79,938 +241.2%
Amounts payable after more than one year 17 €24,968 €18,471 -€6,497 -26.0%
Financial debts 170/4 €24,968 €18,471 -€6,497 -26.0%
Amounts payable within one year 42/48 €8,180 €94,615 +€86,435 +1056.6%
Current portion of amounts payable after more than one year 42 €6,118 €6,497 +€379 +6.2%
Trade debts 44 €938 €91 -€847 -90.3%
Suppliers 440/4 €938 €91 -€847 -90.3%
Other amounts payable 47/48 €1,125 €88,028 +€86,903 +7727.9%
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets 630 €8,597 €12,190 +€3,594 +41.8%
Other operating charges 640/8 €590 €1,070 +€479 +81.2%
Gross operating margin 9900 €69,738 €61,175 -€8,563 -12.3%
Operating profit (loss) 9901 €60,551 €47,915 -€12,636 -20.9%
Financial income 75/76B €138 €3,205 +€3,067 +2220.8%
Recurring financial income 75 €138 €3,205 +€3,067 +2220.8%
Financial charges 65/66B €2,079 €1,713 -€366 -17.6%
Recurring financial charges 65 €2,079 €1,713 -€366 -17.6%
Profit (loss) for the period before taxes 9903 €58,610 €49,407 -€9,203 -15.7%
Income taxes 67/77 €12,217 €9,241 -€2,975 -24.4%
Profit (loss) for the period 9904 €46,393 €40,165 -€6,228 -13.4%
Profit (loss) for the period to be appropriated 9905 €46,393 €40,165 -€6,228 -13.4%

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 28 September 2026 via checked.be.