FIDEXCO: 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.
FIDEXCO
Largest movements
- Receivables within one year +€131,849
up €131,849 (+87.3%), from €151,092 to €282,942
of which Trade receivables: +€133,775
- Cash +€16,543
up €16,543 (+13.9%), from €119,328 to €135,872
mainly Net result for the year (+€69,139) and Tax, wage and social debts (+€44,803)
- Reserves +€69,139
up €69,139 (+40.4%), from €171,303 to €240,442
- Tax, wage and social debts +€44,803
up €44,803 (+505%), from €8,863 to €53,666
- Trade debts +€41,162
up €41,162 (+783%), from €5,254 to €46,416
- Debts after one year -€6,667
down €6,667 (-11.8%), from €56,667 to €50,000
- Gross operating margin +€44,496
up €44,496 (+81.4%), from €54,642 to €99,138
- Taxes +€10,506
up €10,506 (+79.7%), from €13,180 to €23,686
- Other operating charges +€3,265
up €3,265 (+492%), from €663 to €3,928
- Write-downs -€1,809
down €1,809, from €0 to -€1,809
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 | €272,710 | €418,813 | +€146,104 | +53.6% |
| Fixed assets | 21/28 | €1,914 | €0 | -€1,914 | -100% |
| Tangible fixed assets | 22/27 | €1,914 | €0 | -€1,914 | -100% |
| Furniture and vehicles | 24 | €1,914 | €0 | -€1,914 | -100% |
| Current assets | 29/58 | €270,796 | €418,813 | +€148,018 | +54.7% |
| Amounts receivable within one year | 40/41 | €151,092 | €282,942 | +€131,849 | +87.3% |
| Trade receivables | 40 | €146,369 | €280,145 | +€133,775 | +91.4% |
| Other amounts receivable | 41 | €4,723 | €2,797 | -€1,926 | -40.8% |
| Cash at bank and in hand | 54/58 | €119,328 | €135,872 | +€16,543 | +13.9% |
| Deferred charges and accrued income | 490/1 | €375 | €0 | -€375 | -100% |
| Total equity and liabilities | 10/49 | €272,710 | €418,813 | +€146,104 | +53.6% |
| Equity | 10/15 | €189,903 | €259,042 | +€69,139 | +36.4% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €171,303 | €240,442 | +€69,139 | +40.4% |
| Distributable reserves | 133 | €171,303 | €240,442 | +€69,139 | +40.4% |
| Amounts payable | 17/49 | €82,807 | €159,772 | +€76,965 | +92.9% |
| Amounts payable after more than one year | 17 | €56,667 | €50,000 | -€6,667 | -11.8% |
| Financial debts | 170/4 | €56,667 | €50,000 | -€6,667 | -11.8% |
| Amounts payable within one year | 42/48 | €24,118 | €106,750 | +€82,632 | +343% |
| Current portion of amounts payable after more than one year | 42 | €10,000 | €6,667 | -€3,333 | -33.3% |
| Trade debts | 44 | €5,254 | €46,416 | +€41,162 | +783% |
| Suppliers | 440/4 | €5,254 | €46,416 | +€41,162 | +783% |
| Taxes, remuneration and social security | 45 | €8,863 | €53,666 | +€44,803 | +505% |
| Taxes | 450/3 | €8,863 | €53,666 | +€44,803 | +505% |
| Other amounts payable | 47/48 | €0 | - | = | |
| Accrued charges and deferred income | 492/3 | €2,022 | €3,022 | +€1,000 | +49.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,329 | €1,914 | -€415 | -17.8% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €0 | -€1,809 | -€1,809 | |
| Other operating charges | 640/8 | €663 | €3,928 | +€3,265 | +492% |
| Gross operating margin | 9900 | €54,642 | €99,138 | +€44,496 | +81.4% |
| Operating profit (loss) | 9901 | €51,650 | €95,105 | +€43,455 | +84.1% |
| Financial income | 75/76B | €558 | €284 | -€274 | -49.1% |
| Recurring financial income | 75 | €558 | €284 | -€274 | -49.1% |
| Financial charges | 65/66B | €2,380 | €2,564 | +€184 | +7.7% |
| Recurring financial charges | 65 | €2,380 | €2,564 | +€184 | +7.7% |
| Profit (loss) for the period before taxes | 9903 | €49,828 | €92,825 | +€42,997 | +86.3% |
| Income taxes | 67/77 | €13,180 | €23,686 | +€10,506 | +79.7% |
| Profit (loss) for the period | 9904 | €36,648 | €69,139 | +€32,491 | +88.7% |
| Profit (loss) for the period to be appropriated | 9905 | €36,648 | €69,139 | +€32,491 | +88.7% |
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 15 October 2026 via checked.be.