FIDES: 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.
FIDES
Largest movements
- Cash +€55,276
up €55,276 (+41.9%), from €132,022 to €187,298
mainly Other debts (+€435,186) and Net result for the year (+€65,427)
- Current investments -€28,546
down €28,546 (-3.1%), from €935,045 to €906,498
- Tangible fixed assets -€15,181
down €15,181 (-4.2%), from €357,208 to €342,027
of which Furniture and vehicles: -€16,519
- Other debts +€435,186
up €435,186 (+14,407%), from €3,021 to €438,207
- Reserves -€370,507
down €370,507 (-32.2%), from €1.2m to €780,039
- Debts after one year -€31,717
down €31,717 (-18.2%), from €174,698 to €142,981
- Financial income -€573,302
down €573,302 (-94.1%), from €609,269 to €35,966
- Taxes -€40,156
down €40,156 (-61.3%), from €65,541 to €25,384
- Gross operating margin +€34,996
up €34,996 (+39.6%), from €88,375 to €123,371
- Financial charges +€2,418
up €2,418 (+30.1%), from €8,026 to €10,444
- Other operating charges +€1,375
up €1,375 (+29.1%), from €4,726 to €6,101
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.
Derived cash bridge
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 | €1,434,372 | €1,446,196 | +€11,824 | +0.8% |
| Fixed assets | 21/28 | €361,994 | €346,813 | -€15,181 | -4.2% |
| Tangible fixed assets | 22/27 | €357,208 | €342,027 | -€15,181 | -4.2% |
| Land and buildings | 22 | €296,734 | €298,581 | +€1,847 | +0.6% |
| Plant, machinery and equipment | 23 | €2,869 | €3,308 | +€440 | +15.3% |
| Furniture and vehicles | 24 | €48,420 | €31,900 | -€16,519 | -34.1% |
| Other tangible fixed assets | 26 | €9,186 | €8,238 | -€948 | -10.3% |
| Financial fixed assets | 28 | €4,786 | €4,786 | = | 0.0% |
| Current assets | 29/58 | €1,072,378 | €1,099,383 | +€27,005 | +2.5% |
| Amounts receivable within one year | 40/41 | - | €189 | +€189 | |
| Other amounts receivable | 41 | - | €189 | +€189 | |
| Current investments | 50/53 | €935,045 | €906,498 | -€28,546 | -3.1% |
| Cash at bank and in hand | 54/58 | €132,022 | €187,298 | +€55,276 | +41.9% |
| Deferred charges and accrued income | 490/1 | €5,312 | €5,399 | +€87 | +1.6% |
| Total equity and liabilities | 10/49 | €1,434,372 | €1,446,196 | +€11,824 | +0.8% |
| Equity | 10/15 | €1,150,546 | €780,039 | -€370,507 | -32.2% |
| Reserves | 13 | €1,150,546 | €780,039 | -€370,507 | -32.2% |
| Distributable reserves | 133 | €1,150,546 | €780,039 | -€370,507 | -32.2% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €283,827 | €666,157 | +€382,330 | +135% |
| Amounts payable after more than one year | 17 | €174,698 | €142,981 | -€31,717 | -18.2% |
| Financial debts | 170/4 | €174,698 | €142,981 | -€31,717 | -18.2% |
| Amounts payable within one year | 42/48 | €108,324 | €522,421 | +€414,098 | +382% |
| Current portion of amounts payable after more than one year | 42 | €41,518 | €31,717 | -€9,801 | -23.6% |
| Trade debts | 44 | €1,474 | €1,821 | +€347 | +23.5% |
| Suppliers | 440/4 | €1,474 | €1,821 | +€347 | +23.5% |
| Taxes, remuneration and social security | 45 | €62,312 | €50,677 | -€11,635 | -18.7% |
| Taxes | 450/3 | €62,312 | €50,677 | -€11,635 | -18.7% |
| Other amounts payable | 47/48 | €3,021 | €438,207 | +€435,186 | +14,407% |
| Accrued charges and deferred income | 492/3 | €805 | €755 | -€50 | -6.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €52,389 | €51,981 | -€408 | -0.8% |
| Other operating charges | 640/8 | €4,726 | €6,101 | +€1,375 | +29.1% |
| Gross operating margin | 9900 | €88,375 | €123,371 | +€34,996 | +39.6% |
| Operating profit (loss) | 9901 | €31,260 | €65,289 | +€34,029 | +109% |
| Financial income | 75/76B | €609,269 | €35,966 | -€573,302 | -94.1% |
| Recurring financial income | 75 | €609,269 | €35,966 | -€573,302 | -94.1% |
| Financial charges | 65/66B | €8,026 | €10,444 | +€2,418 | +30.1% |
| Recurring financial charges | 65 | €8,026 | €10,444 | +€2,418 | +30.1% |
| Profit (loss) for the period before taxes | 9903 | €632,503 | €90,811 | -€541,692 | -85.6% |
| Income taxes | 67/77 | €65,541 | €25,384 | -€40,156 | -61.3% |
| Profit (loss) for the period | 9904 | €566,962 | €65,427 | -€501,535 | -88.5% |
| Profit (loss) for the period to be appropriated | 9905 | €566,962 | €65,427 | -€501,535 | -88.5% |
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 17 October 2026 via checked.be.