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
- Cash +€77,542
up €77,542 (+134.8%), from €57,515 to €135,057
mainly Other debts (+€124,645) and Depreciation (+€38,015)
- Receivables within one year -€13,646
down €13,646 (-18.2%), from €74,903 to €61,256
of which Trade receivables: -€12,595
- Other debts +€124,645
up €124,645 (+390.4%), from €31,927 to €156,572
- Reserves -€38,234
down €38,234 (-10.0%), from €383,433 to €345,198
- Tax, wage and social debts -€11,284
down €11,284 (-71.0%), from €15,901 to €4,617
- Gross operating margin -€92,429
down €92,429 (-98.7%), from €93,616 to €1,187
- Taxes -€17,110
down €17,110 (-95.8%), from €17,854 to €744
- Depreciation +€11,035
up €11,035 (+40.9%), from €26,980 to €38,015
- Financial charges -€3,134
down €3,134 (-97.7%), from €3,206 to €72
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 | €572,282 | €639,320 | +€67,037 | +11.7% |
| Fixed assets | 21/28 | €434,371 | €438,733 | +€4,362 | +1.0% |
| Tangible fixed assets | 22/27 | €434,371 | €437,433 | +€3,062 | +0.7% |
| Land and buildings | 22 | €340,412 | €362,574 | +€22,162 | +6.5% |
| Plant, machinery and equipment | 23 | €3,522 | €2,658 | -€863 | -24.5% |
| Furniture and vehicles | 24 | €90,438 | €72,201 | -€18,236 | -20.2% |
| Financial fixed assets | 28 | - | €1,300 | +€1,300 | |
| Current assets | 29/58 | €137,912 | €200,587 | +€62,675 | +45.4% |
| Amounts receivable within one year | 40/41 | €74,903 | €61,256 | -€13,646 | -18.2% |
| Trade receivables | 40 | €18,868 | €6,272 | -€12,595 | -66.8% |
| Other amounts receivable | 41 | €56,035 | €54,984 | -€1,051 | -1.9% |
| Cash at bank and in hand | 54/58 | €57,515 | €135,057 | +€77,542 | +134.8% |
| Deferred charges and accrued income | 490/1 | €5,495 | €4,274 | -€1,221 | -22.2% |
| Total equity and liabilities | 10/49 | €572,282 | €639,320 | +€67,037 | +11.7% |
| Equity | 10/15 | €508,973 | €470,738 | -€38,234 | -7.5% |
| Contributions | 10/11 | €125,540 | €125,540 | = | 0.0% |
| Reserves | 13 | €383,433 | €345,198 | -€38,234 | -10.0% |
| Distributable reserves | 133 | €383,433 | €345,198 | -€38,234 | -10.0% |
| Profit (loss) carried forward | 14 | €0 | - | = | |
| Amounts payable | 17/49 | €63,310 | €168,581 | +€105,271 | +166.3% |
| Amounts payable within one year | 42/48 | €59,568 | €168,581 | +€109,013 | +183.0% |
| Current portion of amounts payable after more than one year | 42 | €0 | - | = | |
| Trade debts | 44 | €11,740 | €7,392 | -€4,348 | -37.0% |
| Suppliers | 440/4 | €11,740 | €7,392 | -€4,348 | -37.0% |
| Taxes, remuneration and social security | 45 | €15,901 | €4,617 | -€11,284 | -71.0% |
| Taxes | 450/3 | €15,901 | €4,617 | -€11,284 | -71.0% |
| Other amounts payable | 47/48 | €31,927 | €156,572 | +€124,645 | +390.4% |
| Accrued charges and deferred income | 492/3 | €3,742 | €0 | -€3,742 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €26,980 | €38,015 | +€11,035 | +40.9% |
| Other operating charges | 640/8 | €3,370 | €2,782 | -€588 | -17.4% |
| Gross operating margin | 9900 | €93,616 | €1,187 | -€92,429 | -98.7% |
| Operating profit (loss) | 9901 | €63,266 | -€39,610 | -€102,876 | |
| Financial income | 75/76B | €2,462 | €2,192 | -€270 | -11.0% |
| Recurring financial income | 75 | €2,462 | €2,192 | -€270 | -11.0% |
| Financial charges | 65/66B | €3,206 | €72 | -€3,134 | -97.7% |
| Recurring financial charges | 65 | €3,206 | €72 | -€3,134 | -97.7% |
| Profit (loss) for the period before taxes | 9903 | €62,521 | -€37,491 | -€100,012 | |
| Income taxes | 67/77 | €17,854 | €744 | -€17,110 | -95.8% |
| Profit (loss) for the period | 9904 | €44,667 | -€38,234 | -€82,901 | |
| Profit (loss) for the period to be appropriated | 9905 | €44,667 | -€38,234 | -€82,901 |
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 7 October 2026 via checked.be.