Fideros: 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.
Fideros
Largest movements
- Receivables within one year +€113,567
up €113,567 (+343.4%), from €33,075 to €146,642
of which Other amounts receivable: +€82,761
- Tangible fixed assets -€80,274
down €80,274 (-17.0%), from €472,305 to €392,031
of which Land and buildings: -€73,116
- Cash -€36,299
down €36,299 (-94.4%), from €38,438 to €2,139
mainly Contributions, distributions and other (-€178,166) and Receivables within one year (-€113,567)
- Other debts +€147,538
up €147,538 (+250.7%), from €58,856 to €206,394
- Reserves -€144,321
down €144,321 (-93.6%), from €154,192 to €9,871
of which Distributable reserves: -€144,321
- Debts after one year -€17,584
down €17,584 (-6.2%), from €283,048 to €265,463
of which Financial debts: -€17,584
- Tax, wage and social debts +€12,366
up €12,366 (+241.7%), from €5,117 to €17,484
- Gross operating margin +€38,254
up €38,254 (+54.9%), from €69,695 to €107,949
- Other operating charges +€24,589
up €24,589 (+1873.7%), from €1,312 to €25,901
- Taxes +€6,845
up €6,845 (+86.0%), from €7,956 to €14,801
- Depreciation -€2,033
down €2,033 (-7.9%), from €25,773 to €23,739
- Financial charges -€1,869
down €1,869 (-16.2%), from €11,531 to €9,663
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 | €551,611 | €542,789 | -€8,821 | -1.6% |
| Fixed assets | 21/28 | €472,305 | €392,031 | -€80,274 | -17.0% |
| Tangible fixed assets | 22/27 | €472,305 | €392,031 | -€80,274 | -17.0% |
| Land and buildings | 22 | €452,309 | €379,193 | -€73,116 | -16.2% |
| Plant, machinery and equipment | 23 | €4,211 | €2,601 | -€1,611 | -38.2% |
| Furniture and vehicles | 24 | €8,799 | €4,816 | -€3,983 | -45.3% |
| Other tangible fixed assets | 26 | €6,985 | €5,421 | -€1,564 | -22.4% |
| Current assets | 29/58 | €79,305 | €150,759 | +€71,453 | +90.1% |
| Stocks and contracts in progress | 3 | €1,545 | €0 | -€1,545 | -100.0% |
| Stocks | 30/36 | €1,545 | €0 | -€1,545 | -100.0% |
| Amounts receivable within one year | 40/41 | €33,075 | €146,642 | +€113,567 | +343.4% |
| Trade receivables | 40 | €30,000 | €60,807 | +€30,807 | +102.7% |
| Other amounts receivable | 41 | €3,075 | €85,836 | +€82,761 | +2691.5% |
| Cash at bank and in hand | 54/58 | €38,438 | €2,139 | -€36,299 | -94.4% |
| Deferred charges and accrued income | 490/1 | €6,248 | €1,977 | -€4,271 | -68.4% |
| Total equity and liabilities | 10/49 | €551,611 | €542,789 | -€8,821 | -1.6% |
| Equity | 10/15 | €172,792 | €28,471 | -€144,321 | -83.5% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €154,192 | €9,871 | -€144,321 | -93.6% |
| Tax-exempt reserves | 132 | €4,350 | €4,350 | = | 0.0% |
| Distributable reserves | 133 | €149,841 | €5,521 | -€144,321 | -96.3% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €378,819 | €514,318 | +€135,499 | +35.8% |
| Amounts payable after more than one year | 17 | €283,048 | €265,463 | -€17,584 | -6.2% |
| Financial debts | 170/4 | €258,048 | €240,463 | -€17,584 | -6.8% |
| Other amounts payable | 178/9 | €25,000 | €25,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €94,317 | €248,855 | +€154,538 | +163.8% |
| Current portion of amounts payable after more than one year | 42 | €18,388 | €17,584 | -€803 | -4.4% |
| Financial debts | 43 | €4,263 | €100 | -€4,163 | -97.7% |
| Credit institutions | 430/8 | €4,263 | €100 | -€4,163 | -97.7% |
| Trade debts | 44 | €7,693 | €7,293 | -€400 | -5.2% |
| Suppliers | 440/4 | €7,693 | €7,293 | -€400 | -5.2% |
| Taxes, remuneration and social security | 45 | €5,117 | €17,484 | +€12,366 | +241.7% |
| Taxes | 450/3 | €5,117 | €17,484 | +€12,366 | +241.7% |
| Other amounts payable | 47/48 | €58,856 | €206,394 | +€147,538 | +250.7% |
| Accrued charges and deferred income | 492/3 | €1,454 | €0 | -€1,454 | -100.0% |
| Non-recurring operating income | 76A | - | €3,702 | +€3,702 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €25,773 | €23,739 | -€2,033 | -7.9% |
| Other operating charges | 640/8 | €1,312 | €25,901 | +€24,589 | +1873.7% |
| Gross operating margin | 9900 | €69,695 | €107,949 | +€38,254 | +54.9% |
| Operating profit (loss) | 9901 | €42,610 | €58,309 | +€15,699 | +36.8% |
| Financial income | 75/76B | €2 | €0 | -€2 | -99.6% |
| Recurring financial income | 75 | €2 | €0 | -€2 | -99.6% |
| Financial charges | 65/66B | €11,531 | €9,663 | -€1,869 | -16.2% |
| Recurring financial charges | 65 | €11,531 | €9,663 | -€1,869 | -16.2% |
| Profit (loss) for the period before taxes | 9903 | €31,081 | €48,646 | +€17,565 | +56.5% |
| Income taxes | 67/77 | €7,956 | €14,801 | +€6,845 | +86.0% |
| Profit (loss) for the period | 9904 | €23,125 | €33,845 | +€10,720 | +46.4% |
| Profit (loss) for the period to be appropriated | 9905 | €23,125 | €33,845 | +€10,720 | +46.4% |
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 4 October 2026 via checked.be.