FIDES MANAGEMENT: 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 MANAGEMENT
Largest movements
- Cash +€21,270
up €21,270 (+520.4%), from €4,087 to €25,357
mainly Net result for the year (+€23,432) and Tax, wage and social debts (+€6,518)
- Tangible fixed assets +€3,506
up €3,506 (+20.8%), from €16,889 to €20,396
of which Furniture and vehicles: +€6,464
- Reserves +€23,432
up €23,432 (+30.3%), from €77,265 to €100,697
of which Distributable reserves: +€23,432
- Tax, wage and social debts +€6,518
up €6,518 (+168.3%), from €3,873 to €10,391
of which Taxes: +€7,118
- Other debts -€2,487
down €2,487 (-2.5%), from €101,023 to €98,536
- Gross operating margin -€4,112
down €4,112 (-9.6%), from €42,686 to €38,574
- Taxes -€1,605
down €1,605 (-15.0%), from €10,714 to €9,109
- Depreciation +€1,234
up €1,234 (+27.6%), from €4,471 to €5,705
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 | €186,114 | €212,583 | +€26,469 | +14.2% |
| Fixed assets | 21/28 | €16,889 | €20,396 | +€3,506 | +20.8% |
| Tangible fixed assets | 22/27 | €16,889 | €20,396 | +€3,506 | +20.8% |
| Plant, machinery and equipment | 23 | €11,704 | €9,282 | -€2,422 | -20.7% |
| Furniture and vehicles | 24 | €4,438 | €10,902 | +€6,464 | +145.6% |
| Other tangible fixed assets | 26 | €747 | €212 | -€536 | -71.7% |
| Current assets | 29/58 | €169,225 | €192,187 | +€22,962 | +13.6% |
| Amounts receivable within one year | 40/41 | €163,356 | €164,798 | +€1,442 | +0.9% |
| Trade receivables | 40 | €30,250 | €31,962 | +€1,712 | +5.7% |
| Other amounts receivable | 41 | €133,106 | €132,836 | -€270 | -0.2% |
| Cash at bank and in hand | 54/58 | €4,087 | €25,357 | +€21,270 | +520.4% |
| Deferred charges and accrued income | 490/1 | €1,782 | €2,033 | +€251 | +14.1% |
| Total equity and liabilities | 10/49 | €186,114 | €212,583 | +€26,469 | +14.2% |
| Equity | 10/15 | €78,265 | €101,697 | +€23,432 | +29.9% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Outside capital | 11 | €1,000 | €1,000 | = | 0.0% |
| Other | 1109/19 | €1,000 | €1,000 | = | 0.0% |
| Reserves | 13 | €77,265 | €100,697 | +€23,432 | +30.3% |
| Tax-exempt reserves | 132 | €21,955 | €21,955 | = | 0.0% |
| Distributable reserves | 133 | €55,309 | €78,742 | +€23,432 | +42.4% |
| Amounts payable | 17/49 | €107,850 | €110,886 | +€3,037 | +2.8% |
| Amounts payable within one year | 42/48 | €107,850 | €110,886 | +€3,037 | +2.8% |
| Trade debts | 44 | €2,953 | €1,960 | -€994 | -33.7% |
| Suppliers | 440/4 | €2,953 | €1,960 | -€994 | -33.7% |
| Taxes, remuneration and social security | 45 | €3,873 | €10,391 | +€6,518 | +168.3% |
| Taxes | 450/3 | €3,273 | €10,391 | +€7,118 | +217.5% |
| Remuneration and social security | 454/9 | €600 | - | -€600 | |
| Other amounts payable | 47/48 | €101,023 | €98,536 | -€2,487 | -2.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,471 | €5,705 | +€1,234 | +27.6% |
| Gross operating margin | 9900 | €42,686 | €38,574 | -€4,112 | -9.6% |
| Operating profit (loss) | 9901 | €38,215 | €32,869 | -€5,346 | -14.0% |
| Financial income | 75/76B | €320 | €0 | -€320 | -100.0% |
| Recurring financial income | 75 | €320 | €0 | -€320 | -100.0% |
| Financial charges | 65/66B | €325 | €328 | +€3 | +0.8% |
| Recurring financial charges | 65 | €325 | €328 | +€3 | +0.8% |
| Profit (loss) for the period before taxes | 9903 | €38,211 | €32,542 | -€5,669 | -14.8% |
| Income taxes | 67/77 | €10,714 | €9,109 | -€1,605 | -15.0% |
| Profit (loss) for the period | 9904 | €27,496 | €23,432 | -€4,064 | -14.8% |
| Profit (loss) for the period to be appropriated | 9905 | €27,496 | €23,432 | -€4,064 | -14.8% |
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 8 October 2026 via checked.be.