Fides LAW: 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 LAW
Largest movements
- Receivables within one year -€37,788
down €37,788 (-38.0%), from €99,455 to €61,668
of which Trade receivables: -€47,885
- Cash +€28,280
up €28,280 (+126%), from €22,433 to €50,713
mainly Receivables within one year (+€37,788) and Net result for the year (+€34,430)
- Tangible fixed assets +€6,275
up €6,275 (+13.4%), from €46,806 to €53,081
of which Other tangible fixed assets: +€5,597
- Deferred charges and accrued income +€5,971
up €5,971 (+159%), from €3,759 to €9,730
- Profit (loss) carried forward +€34,430
up €34,430 (+64.9%), from €53,088 to €87,518
- Tax, wage and social debts -€16,221
down €16,221 (-37.7%), from €42,998 to €26,777
of which Taxes: -€10,653
- Trade debts -€11,235
down €11,235 (-67.3%), from €16,691 to €5,455
- Debts after one year -€4,942
down €4,942 (-10.6%), from €46,815 to €41,874
- Gross operating margin +€37,604
up €37,604 (+45.7%), from €82,249 to €119,853
- Taxes +€7,875
up €7,875 (+119%), from €6,608 to €14,483
- Depreciation +€2,167
up €2,167 (+38.8%), from €5,584 to €7,751
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 | €173,989 | €176,215 | +€2,226 | +1.3% |
| Fixed assets | 21/28 | €48,342 | €54,105 | +€5,763 | +11.9% |
| Intangible fixed assets | 21 | €1,536 | €1,024 | -€512 | -33.3% |
| Tangible fixed assets | 22/27 | €46,806 | €53,081 | +€6,275 | +13.4% |
| Land and buildings | 22 | €42,810 | €37,932 | -€4,878 | -11.4% |
| Furniture and vehicles | 24 | €3,524 | €9,080 | +€5,556 | +158% |
| Other tangible fixed assets | 26 | €472 | €6,069 | +€5,597 | +1,186% |
| Current assets | 29/58 | €125,647 | €122,110 | -€3,537 | -2.8% |
| Amounts receivable within one year | 40/41 | €99,455 | €61,668 | -€37,788 | -38.0% |
| Trade receivables | 40 | €91,934 | €44,049 | -€47,885 | -52.1% |
| Other amounts receivable | 41 | €7,521 | €17,618 | +€10,097 | +134% |
| Cash at bank and in hand | 54/58 | €22,433 | €50,713 | +€28,280 | +126% |
| Deferred charges and accrued income | 490/1 | €3,759 | €9,730 | +€5,971 | +159% |
| Total equity and liabilities | 10/49 | €173,989 | €176,215 | +€2,226 | +1.3% |
| Equity | 10/15 | €62,737 | €97,167 | +€34,430 | +54.9% |
| Contributions | 10/11 | €1,500 | €1,500 | = | 0.0% |
| Reserves | 13 | €8,149 | €8,149 | = | 0.0% |
| Non-distributable reserves | 130/1 | €8,149 | €8,149 | = | 0.0% |
| Reserves not available under the articles | 1311 | €8,149 | €8,149 | = | 0.0% |
| Profit (loss) carried forward | 14 | €53,088 | €87,518 | +€34,430 | +64.9% |
| Amounts payable | 17/49 | €111,252 | €79,048 | -€32,203 | -28.9% |
| Amounts payable after more than one year | 17 | €46,815 | €41,874 | -€4,942 | -10.6% |
| Financial debts | 170/4 | €46,815 | €41,874 | -€4,942 | -10.6% |
| Amounts payable within one year | 42/48 | €64,436 | €37,175 | -€27,262 | -42.3% |
| Current portion of amounts payable after more than one year | 42 | €4,747 | €4,942 | +€195 | +4.1% |
| Trade debts | 44 | €16,691 | €5,455 | -€11,235 | -67.3% |
| Suppliers | 440/4 | €16,691 | €5,455 | -€11,235 | -67.3% |
| Taxes, remuneration and social security | 45 | €42,998 | €26,777 | -€16,221 | -37.7% |
| Taxes | 450/3 | €27,321 | €16,669 | -€10,653 | -39.0% |
| Remuneration and social security | 454/9 | €15,677 | €10,109 | -€5,568 | -35.5% |
| Non-recurring operating income | 76A | €2,362 | €1,221 | -€1,141 | -48.3% |
| Remuneration, social security and pensions | 62 | €58,566 | €59,279 | +€713 | +1.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,584 | €7,751 | +€2,167 | +38.8% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €1,092 | +€1,092 | |
| Other operating charges | 640/8 | €2,035 | €1,711 | -€324 | -15.9% |
| Gross operating margin | 9900 | €82,249 | €119,853 | +€37,604 | +45.7% |
| Operating profit (loss) | 9901 | €16,065 | €50,021 | +€33,956 | +211% |
| Financial income | 75/76B | €675 | €1,319 | +€644 | +95.4% |
| Recurring financial income | 75 | €675 | €1,319 | +€644 | +95.4% |
| Financial charges | 65/66B | €2,136 | €2,427 | +€291 | +13.6% |
| Recurring financial charges | 65 | €2,136 | €2,427 | +€291 | +13.6% |
| Profit (loss) for the period before taxes | 9903 | €14,603 | €48,913 | +€34,309 | +235% |
| Income taxes | 67/77 | €6,608 | €14,483 | +€7,875 | +119% |
| Profit (loss) for the period | 9904 | €7,995 | €34,430 | +€26,435 | +331% |
| Profit (loss) for the period to be appropriated | 9905 | €7,995 | €34,430 | +€26,435 | +331% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 18 October 2026 via checked.be.