FIDESCAUT: 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.
FIDESCAUT
Largest movements
- Tangible fixed assets -€29,850
down €29,850 (-3.4%), from €873,156 to €843,305
of which Land and buildings: -€37,237
- Receivables within one year -€23,930
down €23,930 (-48.5%), from €49,357 to €25,427
of which Trade receivables: -€23,930
- Cash -€19,300
down €19,300 (-7.9%), from €243,247 to €223,947
mainly Net result for the year (-€115,651) and Investment in fixed assets (net) (-€52,855)
- Stocks and contracts -€16,804
down €16,804 (-6.3%), from €265,924 to €249,121
- Profit (loss) carried forward -€115,651
down €115,651 (-12.3%), from -€942,977 to -€1.1m
- Trade debts +€51,210
up €51,210 (+62.8%), from €81,568 to €132,778
- Staff costs -€124,108
down €124,108 (-37.7%), from €329,336 to €205,228
- Gross operating margin -€78,552
down €78,552 (-29.5%), from €265,890 to €187,339
- Depreciation -€26,685
down €26,685 (-24.4%), from €109,390 to €82,705
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 | €1,438,379 | €1,362,462 | -€75,917 | -5.3% |
| Fixed assets | 21/28 | €873,156 | €843,305 | -€29,850 | -3.4% |
| Tangible fixed assets | 22/27 | €873,156 | €843,305 | -€29,850 | -3.4% |
| Land and buildings | 22 | €684,122 | €646,884 | -€37,237 | -5.4% |
| Plant, machinery and equipment | 23 | €180,108 | €188,982 | +€8,873 | +4.9% |
| Furniture and vehicles | 24 | €8,926 | €7,440 | -€1,486 | -16.6% |
| Current assets | 29/58 | €565,223 | €519,157 | -€46,067 | -8.2% |
| Stocks and contracts in progress | 3 | €265,924 | €249,121 | -€16,804 | -6.3% |
| Stocks | 30/36 | €265,924 | €249,121 | -€16,804 | -6.3% |
| Amounts receivable within one year | 40/41 | €49,357 | €25,427 | -€23,930 | -48.5% |
| Trade receivables | 40 | €49,357 | €25,427 | -€23,930 | -48.5% |
| Other amounts receivable | 41 | €0 | - | = | |
| Cash at bank and in hand | 54/58 | €243,247 | €223,947 | -€19,300 | -7.9% |
| Deferred charges and accrued income | 490/1 | €6,695 | €20,662 | +€13,968 | +208.6% |
| Total equity and liabilities | 10/49 | €1,438,379 | €1,362,462 | -€75,917 | -5.3% |
| Equity | 10/15 | -€692,977 | -€808,628 | -€115,651 | -16.7% |
| Contributions | 10/11 | €250,000 | €250,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€942,977 | -€1,058,628 | -€115,651 | -12.3% |
| Amounts payable | 17/49 | €2,131,356 | €2,171,090 | +€39,735 | +1.9% |
| Amounts payable within one year | 42/48 | €2,131,356 | €2,171,090 | +€39,735 | +1.9% |
| Trade debts | 44 | €81,568 | €132,778 | +€51,210 | +62.8% |
| Suppliers | 440/4 | €81,568 | €132,778 | +€51,210 | +62.8% |
| Advances received on contracts in progress | 46 | €3,523 | €0 | -€3,523 | -100.0% |
| Taxes, remuneration and social security | 45 | €55,124 | €47,171 | -€7,952 | -14.4% |
| Taxes | 450/3 | €16,329 | €18,674 | +€2,344 | +14.4% |
| Remuneration and social security | 454/9 | €38,794 | €28,498 | -€10,297 | -26.5% |
| Other amounts payable | 47/48 | €1,991,141 | €1,991,141 | = | 0.0% |
| Remuneration, social security and pensions | 62 | €329,336 | €205,228 | -€124,108 | -37.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €109,390 | €82,705 | -€26,685 | -24.4% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €2,292 | €0 | -€2,292 | -100.0% |
| Other operating charges | 640/8 | €11,402 | €11,007 | -€395 | -3.5% |
| Gross operating margin | 9900 | €265,890 | €187,339 | -€78,552 | -29.5% |
| Operating profit (loss) | 9901 | -€186,530 | -€111,602 | +€74,928 | +40.2% |
| Financial income | 75/76B | €244 | €1,195 | +€952 | +390.8% |
| Recurring financial income | 75 | €244 | €1,195 | +€952 | +390.8% |
| Financial charges | 65/66B | €7,760 | €5,245 | -€2,516 | -32.4% |
| Recurring financial charges | 65 | €7,760 | €5,245 | -€2,516 | -32.4% |
| Profit (loss) for the period before taxes | 9903 | -€194,047 | -€115,651 | +€78,395 | +40.4% |
| Profit (loss) for the period | 9904 | -€194,047 | -€115,651 | +€78,395 | +40.4% |
| Profit (loss) for the period to be appropriated | 9905 | -€194,047 | -€115,651 | +€78,395 | +40.4% |
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 8 October 2026 via checked.be.