FIDESCA: 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.
FIDESCA
Largest movements
- Current investments +€160,000
new in 2025: €160,000
- Cash -€131,804
down €131,804 (-62.8%), from €210,039 to €78,235
mainly Current investments (-€160,000) and Investment in fixed assets (net) (-€1,115)
- Receivables within one year -€8,017
down €8,017 (-86.3%), from €9,294 to €1,278
of which Trade receivables: -€9,075
- Reserves +€20,000
up €20,000 (+15.6%), from €128,119 to €148,119
of which Distributable reserves: +€20,000
- Gross operating margin -€10,089
down €10,089 (-22.4%), from €45,129 to €35,040
- Taxes -€4,625
down €4,625 (-30.1%), from €15,348 to €10,722
- Financial income -€3,211
no longer reported in 2025 (was €3,211)
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.
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 | €226,672 | €246,443 | +€19,772 | +8.7% |
| Fixed assets | 21/28 | €6,926 | €6,501 | -€425 | -6.1% |
| Tangible fixed assets | 22/27 | €6,926 | €6,501 | -€425 | -6.1% |
| Plant, machinery and equipment | 23 | €444 | €1,132 | +€689 | +155% |
| Furniture and vehicles | 24 | €1,209 | €725 | -€484 | -40.0% |
| Other tangible fixed assets | 26 | €5,273 | €4,643 | -€630 | -12.0% |
| Current assets | 29/58 | €219,746 | €239,942 | +€20,197 | +9.2% |
| Amounts receivable within one year | 40/41 | €9,294 | €1,278 | -€8,017 | -86.3% |
| Trade receivables | 40 | €9,075 | - | -€9,075 | |
| Other amounts receivable | 41 | €219 | €1,278 | +€1,058 | +482% |
| Current investments | 50/53 | - | €160,000 | +€160,000 | |
| Cash at bank and in hand | 54/58 | €210,039 | €78,235 | -€131,804 | -62.8% |
| Deferred charges and accrued income | 490/1 | €412 | €430 | +€18 | +4.3% |
| Total equity and liabilities | 10/49 | €226,672 | €246,443 | +€19,772 | +8.7% |
| Equity | 10/15 | €214,875 | €235,294 | +€20,419 | +9.5% |
| Contributions | 10/11 | €84,870 | €84,870 | = | 0.0% |
| Reserves | 13 | €128,119 | €148,119 | +€20,000 | +15.6% |
| Non-distributable reserves | 130/1 | €8,487 | €8,487 | = | 0.0% |
| Reserves not available under the articles | 1311 | €8,487 | €8,487 | = | 0.0% |
| Distributable reserves | 133 | €119,632 | €139,632 | +€20,000 | +16.7% |
| Profit (loss) carried forward | 14 | €1,886 | €2,305 | +€419 | +22.2% |
| Amounts payable | 17/49 | €11,797 | €11,149 | -€648 | -5.5% |
| Amounts payable within one year | 42/48 | €11,797 | €11,149 | -€648 | -5.5% |
| Trade debts | 44 | €378 | €756 | +€379 | +100% |
| Suppliers | 440/4 | €378 | €756 | +€379 | +100% |
| Taxes, remuneration and social security | 45 | €10,745 | €10,057 | -€688 | -6.4% |
| Taxes | 450/3 | €10,745 | €10,057 | -€688 | -6.4% |
| Other amounts payable | 47/48 | €674 | €336 | -€338 | -50.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,372 | €1,540 | +€168 | +12.2% |
| Other operating charges | 640/8 | €2,470 | €2,358 | -€111 | -4.5% |
| Gross operating margin | 9900 | €45,129 | €35,040 | -€10,089 | -22.4% |
| Operating profit (loss) | 9901 | €41,287 | €31,142 | -€10,145 | -24.6% |
| Financial income | 75/76B | €3,211 | - | -€3,211 | |
| Recurring financial income | 75 | €3,211 | - | -€3,211 | |
| Profit (loss) for the period before taxes | 9903 | €44,498 | €31,142 | -€13,356 | -30.0% |
| Income taxes | 67/77 | €15,348 | €10,722 | -€4,625 | -30.1% |
| Profit (loss) for the period | 9904 | €29,150 | €20,419 | -€8,731 | -30.0% |
| Profit (loss) for the period to be appropriated | 9905 | €29,150 | €20,419 | -€8,731 | -30.0% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 14 October 2026 via checked.be.