FIDIEL: 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.
FIDIEL
Largest movements
- Tangible fixed assets +€71,085
up €71,085 (+46.5%), from €152,787 to €223,872
of which Furniture and vehicles: +€89,753
- Cash -€69,514
down €69,514 (-69.2%), from €100,518 to €31,004
mainly Investment in fixed assets (net) (-€94,160) and Current investments (-€51,339)
- Current investments +€51,339
up €51,339 (+2.1%), from €2.4m to €2.4m
- Reserves +€78,890
up €78,890 (+5.1%), from €1.5m to €1.6m
of which Distributable reserves: +€78,890
- Financial income -€25,577
down €25,577 (-24.2%), from €105,835 to €80,258
- Taxes -€17,347
down €17,347 (-57.4%), from €30,235 to €12,888
- Gross operating margin +€5,249
up €5,249 (+13.8%), from €37,990 to €43,239
- Depreciation +€3,363
up €3,363 (+17.1%), from €19,712 to €23,075
- Financial charges -€2,457
down €2,457 (-37.8%), from €6,500 to €4,043
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 | €2,667,143 | €2,746,699 | +€79,556 | +3.0% |
| Fixed assets | 21/28 | €152,787 | €223,872 | +€71,085 | +46.5% |
| Tangible fixed assets | 22/27 | €152,787 | €223,872 | +€71,085 | +46.5% |
| Land and buildings | 22 | €148,880 | €130,212 | -€18,668 | -12.5% |
| Furniture and vehicles | 24 | €3,907 | €93,660 | +€89,753 | +2297.4% |
| Current assets | 29/58 | €2,514,356 | €2,522,827 | +€8,471 | +0.3% |
| Stocks and contracts in progress | 3 | €1,446 | €1,157 | -€289 | -20.0% |
| Stocks | 30/36 | €1,446 | €1,157 | -€289 | -20.0% |
| Amounts receivable within one year | 40/41 | €16,743 | €42,889 | +€26,146 | +156.2% |
| Trade receivables | 40 | - | €123 | +€123 | |
| Other amounts receivable | 41 | €16,743 | €42,766 | +€26,023 | +155.4% |
| Current investments | 50/53 | €2,395,649 | €2,446,988 | +€51,339 | +2.1% |
| Cash at bank and in hand | 54/58 | €100,518 | €31,004 | -€69,514 | -69.2% |
| Deferred charges and accrued income | 490/1 | - | €789 | +€789 | |
| Total equity and liabilities | 10/49 | €2,667,143 | €2,746,699 | +€79,556 | +3.0% |
| Equity | 10/15 | €2,488,387 | €2,567,277 | +€78,890 | +3.2% |
| Contributions | 10/11 | €953,050 | €953,050 | = | 0.0% |
| Capital | 10 | €953,050 | €953,050 | = | 0.0% |
| Issued capital | 100 | €953,050 | €953,050 | = | 0.0% |
| Reserves | 13 | €1,535,337 | €1,614,227 | +€78,890 | +5.1% |
| Non-distributable reserves | 130/1 | €95,305 | €95,305 | = | 0.0% |
| Legal reserve | 130 | €95,305 | €95,305 | = | 0.0% |
| Tax-exempt reserves | 132 | €226,644 | €226,644 | = | 0.0% |
| Distributable reserves | 133 | €1,213,388 | €1,292,278 | +€78,890 | +6.5% |
| Provisions and deferred taxes | 16 | €111,264 | €111,264 | = | 0.0% |
| Provisions for liabilities and charges | 160/5 | €111,264 | €111,264 | = | 0.0% |
| Environmental obligations | 163 | €111,264 | €111,264 | = | 0.0% |
| Amounts payable | 17/49 | €67,492 | €68,158 | +€666 | +1.0% |
| Amounts payable within one year | 42/48 | €67,492 | €68,158 | +€666 | +1.0% |
| Trade debts | 44 | €4,633 | €3,741 | -€892 | -19.2% |
| Suppliers | 440/4 | €4,633 | €3,741 | -€892 | -19.2% |
| Taxes, remuneration and social security | 45 | €8,340 | €10,764 | +€2,425 | +29.1% |
| Taxes | 450/3 | €8,340 | €10,764 | +€2,425 | +29.1% |
| Other amounts payable | 47/48 | €54,520 | €53,653 | -€867 | -1.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €19,712 | €23,075 | +€3,363 | +17.1% |
| Other operating charges | 640/8 | €3,983 | €4,602 | +€619 | +15.5% |
| Gross operating margin | 9900 | €37,990 | €43,239 | +€5,249 | +13.8% |
| Operating profit (loss) | 9901 | €14,295 | €15,562 | +€1,267 | +8.9% |
| Financial income | 75/76B | €105,835 | €80,258 | -€25,577 | -24.2% |
| Recurring financial income | 75 | €105,835 | €80,258 | -€25,577 | -24.2% |
| Financial charges | 65/66B | €6,500 | €4,043 | -€2,457 | -37.8% |
| Recurring financial charges | 65 | €6,500 | €4,043 | -€2,457 | -37.8% |
| Profit (loss) for the period before taxes | 9903 | €113,630 | €91,777 | -€21,853 | -19.2% |
| Income taxes | 67/77 | €30,235 | €12,888 | -€17,347 | -57.4% |
| Profit (loss) for the period | 9904 | €83,396 | €78,890 | -€4,506 | -5.4% |
| Profit (loss) for the period to be appropriated | 9905 | €83,396 | €78,890 | -€4,506 | -5.4% |
Source: filed annual accounts (NBB), fiscal years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 2 October 2026 via checked.be.