Fides Pecunia: 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 Pecunia
Largest movements
- Financial fixed assets -€408,211
down €408,211 (-100.0%), from €408,211 to €0
- Cash +€389,346
up €389,346 (+927.1%), from €41,994 to €431,341
mainly Investment in fixed assets (net) (+€402,917) and Net result for the year (+€108,488)
- Receivables within one year +€75,500
up €75,500 (+1388.5%), from €5,438 to €80,937
of which Other amounts receivable: +€75,500
- Receivables after one year +€75,000
new in 2025: €75,000
- Tangible fixed assets -€27,054
down €27,054 (-8.8%), from €305,706 to €278,651
- Reserves +€108,488
up €108,488 (+102.1%), from €106,295 to €214,782
- Debts after one year -€16,204
down €16,204 (-7.5%), from €215,851 to €199,647
- Tax, wage and social debts +€15,218
up €15,218 (+5981.3%), from €254 to €15,473
- Financial income +€99,184
up €99,184 (+506816.0%), from €20 to €99,203
- Taxes +€12,357
up €12,357 (+152.5%), from €8,100 to €20,457
- Gross operating margin +€9,790
up €9,790 (+13.1%), from €74,814 to €84,604
- Other operating charges -€7,496
down €7,496 (-51.2%), from €14,647 to €7,151
- Financial charges +€6,557
up €6,557 (+86.3%), from €7,599 to €14,157
of which Non-recurring financial charges: +€8,211
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 | €763,124 | €865,929 | +€102,805 | +13.5% |
| Fixed assets | 21/28 | €713,917 | €278,651 | -€435,266 | -61.0% |
| Tangible fixed assets | 22/27 | €305,706 | €278,651 | -€27,054 | -8.8% |
| Land and buildings | 22 | €194,230 | €183,054 | -€11,177 | -5.8% |
| Plant, machinery and equipment | 23 | €4,747 | €2,590 | -€2,157 | -45.4% |
| Furniture and vehicles | 24 | €88,076 | €86,847 | -€1,228 | -1.4% |
| Leasing and similar rights | 25 | €18,653 | €6,160 | -€12,492 | -67.0% |
| Other tangible fixed assets | 26 | €0 | - | = | |
| Financial fixed assets | 28 | €408,211 | €0 | -€408,211 | -100.0% |
| Current assets | 29/58 | €49,207 | €587,278 | +€538,071 | +1093.5% |
| Amounts receivable after more than one year | 29 | - | €75,000 | +€75,000 | |
| Other amounts receivable | 291 | - | €75,000 | +€75,000 | |
| Amounts receivable within one year | 40/41 | €5,438 | €80,937 | +€75,500 | +1388.5% |
| Trade receivables | 40 | €0 | - | = | |
| Other amounts receivable | 41 | €5,438 | €80,937 | +€75,500 | +1388.5% |
| Cash at bank and in hand | 54/58 | €41,994 | €431,341 | +€389,346 | +927.1% |
| Deferred charges and accrued income | 490/1 | €1,775 | €0 | -€1,775 | -100.0% |
| Total equity and liabilities | 10/49 | €763,124 | €865,929 | +€102,805 | +13.5% |
| Equity | 10/15 | €520,706 | €629,194 | +€108,488 | +20.8% |
| Contributions | 10/11 | €414,411 | €414,411 | = | 0.0% |
| Reserves | 13 | €106,295 | €214,782 | +€108,488 | +102.1% |
| Distributable reserves | 133 | €106,295 | €214,782 | +€108,488 | +102.1% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €242,418 | €236,736 | -€5,683 | -2.3% |
| Amounts payable after more than one year | 17 | €215,851 | €199,647 | -€16,204 | -7.5% |
| Financial debts | 170/4 | €215,851 | €199,647 | -€16,204 | -7.5% |
| Amounts payable within one year | 42/48 | €26,568 | €37,089 | +€10,521 | +39.6% |
| Current portion of amounts payable after more than one year | 42 | €22,242 | €17,012 | -€5,230 | -23.5% |
| Financial debts | 43 | €1,728 | €1,047 | -€681 | -39.4% |
| Other loans | 439 | €1,728 | €1,047 | -€681 | -39.4% |
| Trade debts | 44 | €1,481 | €2,248 | +€767 | +51.8% |
| Suppliers | 440/4 | €1,481 | €2,248 | +€767 | +51.8% |
| Taxes, remuneration and social security | 45 | €254 | €15,473 | +€15,218 | +5981.3% |
| Taxes | 450/3 | €254 | €15,473 | +€15,218 | +5981.3% |
| Other amounts payable | 47/48 | €863 | €1,310 | +€447 | +51.8% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €33,143 | €32,349 | -€795 | -2.4% |
| Other operating charges | 640/8 | €14,647 | €7,151 | -€7,496 | -51.2% |
| Non-recurring operating charges | 66A | - | €1,206 | +€1,206 | |
| Gross operating margin | 9900 | €74,814 | €84,604 | +€9,790 | +13.1% |
| Operating profit (loss) | 9901 | €27,024 | €43,898 | +€16,875 | +62.4% |
| Financial income | 75/76B | €20 | €99,203 | +€99,184 | +506816.0% |
| Recurring financial income | 75 | €20 | €99,203 | +€99,184 | +506816.0% |
| Financial charges | 65/66B | €7,599 | €14,157 | +€6,557 | +86.3% |
| Recurring financial charges | 65 | €7,599 | €5,945 | -€1,654 | -21.8% |
| Non-recurring financial charges | 66B | - | €8,211 | +€8,211 | |
| Profit (loss) for the period before taxes | 9903 | €19,444 | €128,945 | +€109,501 | +563.2% |
| Income taxes | 67/77 | €8,100 | €20,457 | +€12,357 | +152.5% |
| Profit (loss) for the period | 9904 | €11,344 | €108,488 | +€97,144 | +856.4% |
| Profit (loss) for the period to be appropriated | 9905 | €11,344 | €108,488 | +€97,144 | +856.4% |
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 2 October 2026 via checked.be.