Fides Ganda: 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 Ganda
Largest movements
- Cash -€35,833
down €35,833 (-21.5%), from €166,315 to €130,482
mainly Contributions, distributions and other (-€127,735) and Other debts (-€35,911)
- Receivables within one year -€9,390
down €9,390 (-8.9%), from €104,996 to €95,606
of which Trade receivables: -€6,667
- Intangible fixed assets -€5,155
down €5,155 (-28.0%), from €18,441 to €13,286
- Other debts -€35,911
down €35,911 (-25.4%), from €141,129 to €105,219
- Reserves -€22,516
down €22,516 (-22.3%), from €101,136 to €78,619
- Tax, wage and social debts +€13,991
up €13,991 (+110.4%), from €12,672 to €26,663
- Trade debts -€5,953
down €5,953 (-13.5%), from €44,187 to €38,233
- Gross operating margin +€23,593
up €23,593 (+19.1%), from €123,753 to €147,346
- Taxes +€7,044
up €7,044 (+28.5%), from €24,700 to €31,744
- Financial income -€4,097
down €4,097 (-99.5%), from €4,118 to €22
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 | €299,239 | €248,792 | -€50,446 | -16.9% |
| Fixed assets | 21/28 | €27,839 | €22,613 | -€5,226 | -18.8% |
| Intangible fixed assets | 21 | €18,441 | €13,286 | -€5,155 | -28.0% |
| Tangible fixed assets | 22/27 | €6,205 | €6,120 | -€85 | -1.4% |
| Furniture and vehicles | 24 | €6,205 | €6,120 | -€85 | -1.4% |
| Financial fixed assets | 28 | €3,192 | €3,207 | +€14 | +0.5% |
| Current assets | 29/58 | €271,400 | €226,180 | -€45,220 | -16.7% |
| Amounts receivable within one year | 40/41 | €104,996 | €95,606 | -€9,390 | -8.9% |
| Trade receivables | 40 | €99,696 | €93,029 | -€6,667 | -6.7% |
| Other amounts receivable | 41 | €5,300 | €2,577 | -€2,723 | -51.4% |
| Cash at bank and in hand | 54/58 | €166,315 | €130,482 | -€35,833 | -21.5% |
| Deferred charges and accrued income | 490/1 | €89 | €92 | +€3 | +3.8% |
| Total equity and liabilities | 10/49 | €299,239 | €248,792 | -€50,446 | -16.9% |
| Equity | 10/15 | €101,137 | €78,620 | -€22,516 | -22.3% |
| Contributions | 10/11 | €1 | €1 | = | 0.0% |
| Reserves | 13 | €101,136 | €78,619 | -€22,516 | -22.3% |
| Distributable reserves | 133 | €101,136 | €78,619 | -€22,516 | -22.3% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €198,102 | €170,172 | -€27,930 | -14.1% |
| Amounts payable within one year | 42/48 | €197,988 | €170,115 | -€27,873 | -14.1% |
| Trade debts | 44 | €44,187 | €38,233 | -€5,953 | -13.5% |
| Suppliers | 440/4 | €44,187 | €38,233 | -€5,953 | -13.5% |
| Taxes, remuneration and social security | 45 | €12,672 | €26,663 | +€13,991 | +110.4% |
| Taxes | 450/3 | €12,672 | €26,663 | +€13,991 | +110.4% |
| Other amounts payable | 47/48 | €141,129 | €105,219 | -€35,911 | -25.4% |
| Accrued charges and deferred income | 492/3 | €114 | €57 | -€57 | -50.0% |
| Non-recurring operating income | 76A | €2,715 | €0 | -€2,715 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,639 | €9,571 | -€68 | -0.7% |
| Other operating charges | 640/8 | €583 | €544 | -€40 | -6.8% |
| Gross operating margin | 9900 | €123,753 | €147,346 | +€23,593 | +19.1% |
| Operating profit (loss) | 9901 | €113,531 | €137,232 | +€23,701 | +20.9% |
| Financial income | 75/76B | €4,118 | €22 | -€4,097 | -99.5% |
| Recurring financial income | 75 | €4,118 | €22 | -€4,097 | -99.5% |
| Financial charges | 65/66B | €333 | €291 | -€42 | -12.6% |
| Recurring financial charges | 65 | €333 | €291 | -€42 | -12.6% |
| Profit (loss) for the period before taxes | 9903 | €117,316 | €136,963 | +€19,646 | +16.7% |
| Income taxes | 67/77 | €24,700 | €31,744 | +€7,044 | +28.5% |
| Profit (loss) for the period | 9904 | €92,616 | €105,219 | +€12,602 | +13.6% |
| Profit (loss) for the period to be appropriated | 9905 | €92,616 | €105,219 | +€12,602 | +13.6% |
Source: filed annual accounts (NBB), fiscal years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 5 October 2026 via checked.be.