FIDIMAD: 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.
FIDIMAD
Largest movements
No asset line moved by more than 1% of the balance sheet total.
- Revaluation surpluses -€86,106
down €86,106 (-12.4%), from €695,811 to €609,705
- Reserves +€86,106
up €86,106 (+5.9%), from €1.5m to €1.5m
of which Distributable reserves: +€86,106
- Profit (loss) carried forward -€66,053
down €66,053 (-5.6%), from €1.2m to €1.1m
- Taxes +€42,607
new in 2025: €42,607
- Gross operating margin +€21,492
up €21,492 (+119.3%), from €18,015 to €39,506
- Financial charges -€9,680
down €9,680 (-23.4%), from €41,361 to €31,681
- Depreciation +€1,753
up €1,753 (+4.7%), from €37,672 to €39,426
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 | €4,310,996 | €4,244,297 | -€66,699 | -1.5% |
| Fixed assets | 21/28 | €1,273,304 | €1,233,878 | -€39,426 | -3.1% |
| Tangible fixed assets | 22/27 | €773,304 | €733,878 | -€39,426 | -5.1% |
| Land and buildings | 22 | €764,537 | €726,865 | -€37,672 | -4.9% |
| Plant, machinery and equipment | 23 | €8,767 | €7,014 | -€1,753 | -20.0% |
| Financial fixed assets | 28 | €500,000 | €500,000 | = | 0.0% |
| Current assets | 29/58 | €3,037,692 | €3,010,418 | -€27,274 | -0.9% |
| Amounts receivable within one year | 40/41 | €3,032,361 | €3,006,958 | -€25,403 | -0.8% |
| Trade receivables | 40 | €1,033 | €5,409 | +€4,375 | +423.4% |
| Other amounts receivable | 41 | €3,031,328 | €3,001,549 | -€29,779 | -1.0% |
| Cash at bank and in hand | 54/58 | €5,331 | €2,987 | -€2,344 | -44.0% |
| Deferred charges and accrued income | 490/1 | - | €473 | +€473 | |
| Total equity and liabilities | 10/49 | €4,310,996 | €4,244,297 | -€66,699 | -1.5% |
| Equity | 10/15 | €3,366,339 | €3,300,286 | -€66,053 | -2.0% |
| Contributions | 10/11 | €28,607 | €28,607 | = | 0.0% |
| Revaluation surpluses | 12 | €695,811 | €609,705 | -€86,106 | -12.4% |
| Reserves | 13 | €1,452,447 | €1,538,553 | +€86,106 | +5.9% |
| Non-distributable reserves | 130/1 | €2,861 | €2,861 | = | 0.0% |
| Reserves not available under the articles | 1311 | €2,861 | €2,861 | = | 0.0% |
| Tax-exempt reserves | 132 | €878,626 | €878,626 | = | 0.0% |
| Distributable reserves | 133 | €570,961 | €657,067 | +€86,106 | +15.1% |
| Profit (loss) carried forward | 14 | €1,189,474 | €1,123,421 | -€66,053 | -5.6% |
| Provisions and deferred taxes | 16 | €292,875 | €292,875 | = | 0.0% |
| Deferred taxes | 168 | €292,875 | €292,875 | = | 0.0% |
| Amounts payable | 17/49 | €651,782 | €651,136 | -€646 | -0.1% |
| Amounts payable within one year | 42/48 | €651,782 | €651,136 | -€646 | -0.1% |
| Financial debts | 43 | €637,800 | €637,800 | = | 0.0% |
| Credit institutions | 430/8 | €637,800 | €637,800 | = | 0.0% |
| Trade debts | 44 | €13,982 | €13,336 | -€646 | -4.6% |
| Suppliers | 440/4 | €13,982 | €13,336 | -€646 | -4.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €37,672 | €39,426 | +€1,753 | +4.7% |
| Other operating charges | 640/8 | €6,607 | €6,827 | +€220 | +3.3% |
| Gross operating margin | 9900 | €18,015 | €39,506 | +€21,492 | +119.3% |
| Operating profit (loss) | 9901 | -€26,264 | -€6,746 | +€19,518 | +74.3% |
| Financial income | 75/76B | €14,980 | €14,981 | +€1 | 0.0% |
| Recurring financial income | 75 | €14,980 | €14,981 | +€1 | 0.0% |
| Financial charges | 65/66B | €41,361 | €31,681 | -€9,680 | -23.4% |
| Recurring financial charges | 65 | €41,361 | €31,681 | -€9,680 | -23.4% |
| Profit (loss) for the period before taxes | 9903 | -€52,646 | -€23,446 | +€29,200 | +55.5% |
| Income taxes | 67/77 | - | €42,607 | +€42,607 | |
| Profit (loss) for the period | 9904 | -€52,646 | -€66,053 | -€13,407 | -25.5% |
| Profit (loss) for the period to be appropriated | 9905 | -€52,646 | -€66,053 | -€13,407 | -25.5% |
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 4 October 2026 via checked.be.