FIDES CONSTRUCT: 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 CONSTRUCT
Largest movements
- Stocks and contracts +€7.8m
up €7.8m (+47.2%), from €16.6m to €24.4m
- Receivables within one year +€2.6m
up €2.6m (+108.9%), from €2.4m to €4.9m
of which Other amounts receivable: +€1.7m
- Cash -€1.2m
down €1.2m (-71.1%), from €1.7m to €487,595
mainly Stocks and contracts (-€7.8m) and Receivables within one year (-€2.6m)
- Short-term financial debts +€3.8m
up €3.8m (+37.9%), from €10.0m to €13.8m
- Trade debts +€3.5m
up €3.5m (+139.9%), from €2.5m to €6.1m
- Other debts +€1.6m
up €1.6m (+21.9%), from €7.3m to €8.9m
- Gross operating margin +€365,350
up €365,350 (+34.4%), from €1.1m to €1.4m
- Financial charges +€186,006
up €186,006 (+18.8%), from €991,898 to €1.2m
- Taxes +€42,657
up €42,657 (+346.9%), from €12,296 to €54,952
- Other operating charges +€28,916
up €28,916 (+102.8%), from €28,128 to €57,044
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 | €20,681,612 | €29,856,789 | +€9.2m | +44.4% |
| Fixed assets | 21/28 | €50,566 | €36,778 | -€13,788 | -27.3% |
| Intangible fixed assets | 21 | €66 | €0 | -€66 | -100.0% |
| Tangible fixed assets | 22/27 | €50,500 | €36,778 | -€13,722 | -27.2% |
| Plant, machinery and equipment | 23 | €5,328 | €3,721 | -€1,607 | -30.2% |
| Furniture and vehicles | 24 | €45,173 | €33,057 | -€12,115 | -26.8% |
| Current assets | 29/58 | €20,631,045 | €29,820,010 | +€9.2m | +44.5% |
| Stocks and contracts in progress | 3 | €16,578,789 | €24,398,858 | +€7.8m | +47.2% |
| Stocks | 30/36 | €16,578,789 | €24,398,858 | +€7.8m | +47.2% |
| Amounts receivable within one year | 40/41 | €2,360,453 | €4,930,002 | +€2.6m | +108.9% |
| Trade receivables | 40 | €993,901 | €1,885,660 | +€891,759 | +89.7% |
| Other amounts receivable | 41 | €1,366,552 | €3,044,342 | +€1.7m | +122.8% |
| Cash at bank and in hand | 54/58 | €1,684,719 | €487,595 | -€1.2m | -71.1% |
| Deferred charges and accrued income | 490/1 | €7,085 | €3,555 | -€3,529 | -49.8% |
| Total equity and liabilities | 10/49 | €20,681,612 | €29,856,789 | +€9.2m | +44.4% |
| Equity | 10/15 | €509,385 | €635,473 | +€126,088 | +24.8% |
| Contributions | 10/11 | €100,000 | €100,000 | = | 0.0% |
| Reserves | 13 | €10,000 | €10,000 | = | 0.0% |
| Distributable reserves | 133 | €10,000 | €10,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €399,385 | €525,473 | +€126,088 | +31.6% |
| Amounts payable | 17/49 | €20,172,226 | €29,221,315 | +€9.0m | +44.9% |
| Amounts payable within one year | 42/48 | €20,069,852 | €29,164,308 | +€9.1m | +45.3% |
| Financial debts | 43 | €9,992,940 | €13,783,876 | +€3.8m | +37.9% |
| Credit institutions | 430/8 | €9,992,940 | €13,783,876 | +€3.8m | +37.9% |
| Trade debts | 44 | €2,535,323 | €6,081,931 | +€3.5m | +139.9% |
| Suppliers | 440/4 | €2,535,323 | €6,081,931 | +€3.5m | +139.9% |
| Taxes, remuneration and social security | 45 | €216,084 | €365,959 | +€149,875 | +69.4% |
| Taxes | 450/3 | €216,084 | €365,959 | +€149,875 | +69.4% |
| Other amounts payable | 47/48 | €7,325,505 | €8,932,542 | +€1.6m | +21.9% |
| Accrued charges and deferred income | 492/3 | €102,374 | €57,007 | -€45,367 | -44.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,854 | €13,788 | -€2,066 | -13.0% |
| Other operating charges | 640/8 | €28,128 | €57,044 | +€28,916 | +102.8% |
| Gross operating margin | 9900 | €1,061,010 | €1,426,361 | +€365,350 | +34.4% |
| Operating profit (loss) | 9901 | €1,017,028 | €1,355,529 | +€338,501 | +33.3% |
| Financial income | 75/76B | €3,741 | €3,415 | -€326 | -8.7% |
| Recurring financial income | 75 | €3,741 | €3,415 | -€326 | -8.7% |
| Financial charges | 65/66B | €991,898 | €1,177,904 | +€186,006 | +18.8% |
| Recurring financial charges | 65 | €991,898 | €1,177,904 | +€186,006 | +18.8% |
| Profit (loss) for the period before taxes | 9903 | €28,872 | €181,040 | +€152,168 | +527.0% |
| Income taxes | 67/77 | €12,296 | €54,952 | +€42,657 | +346.9% |
| Profit (loss) for the period | 9904 | €16,576 | €126,088 | +€109,512 | +660.7% |
| Profit (loss) for the period to be appropriated | 9905 | €16,576 | €126,088 | +€109,512 | +660.7% |
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 12 October 2026 via checked.be.