Fidictum: 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.
Fidictum
Largest movements
- Tangible fixed assets +€334,380
up €334,380 (+1947.5%), from €17,170 to €351,550
of which Land and buildings: +€299,713
- Cash -€121,548
down €121,548 (-82.6%), from €147,240 to €25,692
mainly Investment in fixed assets (net) (-€356,600) and Contributions, distributions and other (-€110,718)
- Receivables within one year -€66,096
down €66,096 (-58.4%), from €113,252 to €47,157
of which Trade receivables: -€77,535
- Debts after one year +€188,500
up €188,500 (+41.9%), from €450,000 to €638,500
of which Financial debts: +€188,500
- Current portion of long-term debt +€107,145
up €107,145 (+600.1%), from €17,855 to €125,000
- Other debts -€89,239
down €89,239 (-98.8%), from €90,345 to €1,105
- Profit (loss) carried forward -€79,761
down €79,761 (-91.6%), from €87,075 to €7,314
- Short-term financial debts +€21,878
new in 2025: €21,878
- Gross operating margin -€111,795
down €111,795 (-48.0%), from €232,917 to €121,122
- Taxes -€35,247
down €35,247 (-64.2%), from €54,913 to €19,666
- Depreciation +€16,808
up €16,808 (+310.6%), from €5,412 to €22,220
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 | €808,858 | €956,404 | +€147,546 | +18.2% |
| Fixed assets | 21/28 | €517,170 | €851,550 | +€334,380 | +64.7% |
| Tangible fixed assets | 22/27 | €17,170 | €351,550 | +€334,380 | +1947.5% |
| Land and buildings | 22 | €7,425 | €307,137 | +€299,713 | +4036.7% |
| Plant, machinery and equipment | 23 | €5,791 | €4,038 | -€1,753 | -30.3% |
| Furniture and vehicles | 24 | €3,955 | €40,375 | +€36,420 | +921.0% |
| Financial fixed assets | 28 | €500,000 | €500,000 | = | 0.0% |
| Current assets | 29/58 | €291,688 | €104,854 | -€186,834 | -64.1% |
| Amounts receivable after more than one year | 29 | €30,000 | €30,000 | = | 0.0% |
| Trade receivables | 290 | €30,000 | €0 | -€30,000 | -100.0% |
| Other amounts receivable | 291 | - | €30,000 | +€30,000 | |
| Amounts receivable within one year | 40/41 | €113,252 | €47,157 | -€66,096 | -58.4% |
| Trade receivables | 40 | €105,753 | €28,218 | -€77,535 | -73.3% |
| Other amounts receivable | 41 | €7,499 | €18,939 | +€11,440 | +152.5% |
| Cash at bank and in hand | 54/58 | €147,240 | €25,692 | -€121,548 | -82.6% |
| Deferred charges and accrued income | 490/1 | €1,196 | €2,006 | +€810 | +67.8% |
| Total equity and liabilities | 10/49 | €808,858 | €956,404 | +€147,546 | +18.2% |
| Equity | 10/15 | €189,961 | €129,481 | -€60,480 | -31.8% |
| Reserves | 13 | €102,886 | €122,167 | +€19,282 | +18.7% |
| Distributable reserves | 133 | €102,886 | €122,167 | +€19,282 | +18.7% |
| Profit (loss) carried forward | 14 | €87,075 | €7,314 | -€79,761 | -91.6% |
| Amounts payable | 17/49 | €618,897 | €826,923 | +€208,026 | +33.6% |
| Amounts payable after more than one year | 17 | €450,000 | €638,500 | +€188,500 | +41.9% |
| Financial debts | 170/4 | - | €188,500 | +€188,500 | |
| Other amounts payable | 178/9 | €450,000 | €450,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €168,897 | €188,423 | +€19,526 | +11.6% |
| Current portion of amounts payable after more than one year | 42 | €17,855 | €125,000 | +€107,145 | +600.1% |
| Financial debts | 43 | - | €21,878 | +€21,878 | |
| Other loans | 439 | - | €21,878 | +€21,878 | |
| Trade debts | 44 | €3,187 | €2,687 | -€500 | -15.7% |
| Suppliers | 440/4 | €3,187 | €2,687 | -€500 | -15.7% |
| Taxes, remuneration and social security | 45 | €57,510 | €37,752 | -€19,758 | -34.4% |
| Taxes | 450/3 | €54,263 | €34,505 | -€19,758 | -36.4% |
| Remuneration and social security | 454/9 | €3,247 | €3,247 | = | 0.0% |
| Other amounts payable | 47/48 | €90,345 | €1,105 | -€89,239 | -98.8% |
| Non-recurring operating income | 76A | - | €18,182 | +€18,182 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,412 | €22,220 | +€16,808 | +310.6% |
| Other operating charges | 640/8 | €2,362 | €997 | -€1,365 | -57.8% |
| Non-recurring operating charges | 66A | - | €8,322 | +€8,322 | |
| Gross operating margin | 9900 | €232,917 | €121,122 | -€111,795 | -48.0% |
| Operating profit (loss) | 9901 | €225,143 | €89,583 | -€135,561 | -60.2% |
| Financial income | 75/76B | €777 | €777 | +€0 | 0.0% |
| Recurring financial income | 75 | €777 | €777 | +€0 | 0.0% |
| Financial charges | 65/66B | €19,923 | €20,455 | +€532 | +2.7% |
| Recurring financial charges | 65 | €19,923 | €20,455 | +€532 | +2.7% |
| Profit (loss) for the period before taxes | 9903 | €205,997 | €69,905 | -€136,092 | -66.1% |
| Income taxes | 67/77 | €54,913 | €19,666 | -€35,247 | -64.2% |
| Profit (loss) for the period | 9904 | €151,084 | €50,239 | -€100,845 | -66.7% |
| Profit (loss) for the period to be appropriated | 9905 | €151,084 | €50,239 | -€100,845 | -66.7% |
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 6 October 2026 via checked.be.