FIDES ENGINEERING: 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 ENGINEERING
Largest movements
- Cash +€59,762
up €59,762 (+17.0%), from €351,403 to €411,165
mainly Receivables within one year (+€31,709) and Net result for the year (+€25,027)
- Receivables within one year -€31,709
down €31,709 (-40.1%), from €79,118 to €47,409
of which Trade receivables: -€33,541
- Tangible fixed assets -€7,403
down €7,403 (-20.1%), from €36,822 to €29,419
- Reserves +€25,030
up €25,030 (+5.9%), from €422,581 to €447,611
- Gross operating margin -€8,600
down €8,600 (-18.0%), from €47,657 to €39,057
- Depreciation +€3,080
up €3,080 (+54.4%), from €5,665 to €8,745
- Financial income +€2,323
up €2,323 (+55.2%), from €4,211 to €6,534
- Taxes -€1,613
down €1,613 (-12.2%), from €13,167 to €11,554
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 | €471,655 | €491,617 | +€19,962 | +4.2% |
| Fixed assets | 21/28 | €40,252 | €32,919 | -€7,333 | -18.2% |
| Tangible fixed assets | 22/27 | €36,822 | €29,419 | -€7,403 | -20.1% |
| Furniture and vehicles | 24 | €36,822 | €29,419 | -€7,403 | -20.1% |
| Financial fixed assets | 28 | €3,430 | €3,500 | +€70 | +2.0% |
| Current assets | 29/58 | €431,403 | €458,699 | +€27,295 | +6.3% |
| Amounts receivable within one year | 40/41 | €79,118 | €47,409 | -€31,709 | -40.1% |
| Trade receivables | 40 | €69,802 | €36,261 | -€33,541 | -48.1% |
| Other amounts receivable | 41 | €9,316 | €11,147 | +€1,832 | +19.7% |
| Cash at bank and in hand | 54/58 | €351,403 | €411,165 | +€59,762 | +17.0% |
| Deferred charges and accrued income | 490/1 | €882 | €125 | -€757 | -85.8% |
| Total equity and liabilities | 10/49 | €471,655 | €491,617 | +€19,962 | +4.2% |
| Equity | 10/15 | €424,584 | €449,611 | +€25,027 | +5.9% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Reserves | 13 | €422,581 | €447,611 | +€25,030 | +5.9% |
| Distributable reserves | 133 | €422,581 | €447,611 | +€25,030 | +5.9% |
| Profit (loss) carried forward | 14 | €3 | - | -€3 | |
| Amounts payable | 17/49 | €47,071 | €42,006 | -€5,065 | -10.8% |
| Amounts payable within one year | 42/48 | €47,071 | €42,006 | -€5,065 | -10.8% |
| Trade debts | 44 | €964 | €733 | -€230 | -23.9% |
| Suppliers | 440/4 | €964 | €733 | -€230 | -23.9% |
| Taxes, remuneration and social security | 45 | €3,535 | €700 | -€2,836 | -80.2% |
| Taxes | 450/3 | €3,535 | €700 | -€2,836 | -80.2% |
| Other amounts payable | 47/48 | €42,572 | €40,573 | -€1,999 | -4.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,665 | €8,745 | +€3,080 | +54.4% |
| Other operating charges | 640/8 | €118 | €120 | +€2 | +1.7% |
| Gross operating margin | 9900 | €47,657 | €39,057 | -€8,600 | -18.0% |
| Operating profit (loss) | 9901 | €41,874 | €30,192 | -€11,682 | -27.9% |
| Financial income | 75/76B | €4,211 | €6,534 | +€2,323 | +55.2% |
| Recurring financial income | 75 | €4,211 | €6,534 | +€2,323 | +55.2% |
| Financial charges | 65/66B | €75 | €145 | +€70 | +93.2% |
| Recurring financial charges | 65 | €75 | €145 | +€70 | +93.2% |
| Profit (loss) for the period before taxes | 9903 | €46,010 | €36,581 | -€9,429 | -20.5% |
| Income taxes | 67/77 | €13,167 | €11,554 | -€1,613 | -12.2% |
| Profit (loss) for the period | 9904 | €32,843 | €25,027 | -€7,816 | -23.8% |
| Profit (loss) for the period to be appropriated | 9905 | €32,843 | €25,027 | -€7,816 | -23.8% |
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.