Fides: 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.
Fides
Largest movements
- Current investments +€435,041
up €435,041 (+5.1%), from €8.6m to €9.0m
- Profit (loss) carried forward +€273,040
up €273,040 (+9.1%), from €3.0m to €3.3m
- Revaluation surpluses +€178,597
up €178,597 (+44.9%), from €397,454 to €576,051
- Financial income -€1.5m
down €1.5m (-80.3%), from €1.9m to €367,282
- Depreciation +€1,444
up €1,444 (+9.9%), from €14,610 to €16,054
- Other operating charges +€904
up €904 (+1.4%), from €64,213 to €65,117
- Financial charges +€683
up €683 (+111.1%), from €615 to €1,298
- Gross operating margin -€668
down €668 (-3.9%), from €16,996 to €16,328
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 | €9,903,957 | €10,354,693 | +€450,736 | +4.6% |
| Fixed assets | 21/28 | €588,457 | €574,183 | -€14,274 | -2.4% |
| Tangible fixed assets | 22/27 | €588,457 | €574,183 | -€14,274 | -2.4% |
| Land and buildings | 22 | €568,132 | €554,507 | -€13,624 | -2.4% |
| Plant, machinery and equipment | 23 | €663 | €452 | -€211 | -31.8% |
| Other tangible fixed assets | 26 | €19,663 | €19,224 | -€439 | -2.2% |
| Current assets | 29/58 | €9,315,500 | €9,780,510 | +€465,010 | +5.0% |
| Amounts receivable within one year | 40/41 | €25,000 | €25,000 | = | 0.0% |
| Other amounts receivable | 41 | €25,000 | €25,000 | = | 0.0% |
| Current investments | 50/53 | €8,585,406 | €9,020,447 | +€435,041 | +5.1% |
| Cash at bank and in hand | 54/58 | €680,226 | €713,191 | +€32,965 | +4.8% |
| Deferred charges and accrued income | 490/1 | €24,868 | €21,872 | -€2,996 | -12.0% |
| Total equity and liabilities | 10/49 | €9,903,957 | €10,354,693 | +€450,736 | +4.6% |
| Equity | 10/15 | €9,900,969 | €10,352,606 | +€451,637 | +4.6% |
| Contributions | 10/11 | €6,510,905 | €6,510,905 | = | 0.0% |
| Capital | 10 | €6,510,905 | €6,510,905 | = | 0.0% |
| Revaluation surpluses | 12 | €397,454 | €576,051 | +€178,597 | +44.9% |
| Profit (loss) carried forward | 14 | €2,992,610 | €3,265,650 | +€273,040 | +9.1% |
| Amounts payable | 17/49 | €2,989 | €2,087 | -€902 | -30.2% |
| Amounts payable within one year | 42/48 | €2,989 | €2,087 | -€902 | -30.2% |
| Trade debts | 44 | €2,989 | €2,087 | -€902 | -30.2% |
| Suppliers | 440/4 | €2,989 | €2,087 | -€902 | -30.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,610 | €16,054 | +€1,444 | +9.9% |
| Other operating charges | 640/8 | €64,213 | €65,117 | +€904 | +1.4% |
| Gross operating margin | 9900 | €16,996 | €16,328 | -€668 | -3.9% |
| Operating profit (loss) | 9901 | -€61,827 | -€64,843 | -€3,016 | -4.9% |
| Financial income | 75/76B | €1,864,500 | €367,282 | -€1.5m | -80.3% |
| Recurring financial income | 75 | €1,864,500 | €367,282 | -€1.5m | -80.3% |
| Financial charges | 65/66B | €615 | €1,298 | +€683 | +111.1% |
| Recurring financial charges | 65 | €615 | €1,298 | +€683 | +111.1% |
| Profit (loss) for the period before taxes | 9903 | €1,802,058 | €301,140 | -€1.5m | -83.3% |
| Income taxes | 67/77 | €28,411 | €28,100 | -€311 | -1.1% |
| Profit (loss) for the period | 9904 | €1,773,646 | €273,040 | -€1.5m | -84.6% |
| Profit (loss) for the period to be appropriated | 9905 | €1,773,646 | €273,040 | -€1.5m | -84.6% |
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 5 October 2026 via checked.be.