FIDOF: what changed
FIDOF
Largest movements
- Receivables after one year +€357,784
new in 2025: €357,784
- Cash -€338,508
down €338,508 (-44.5%), from €761,080 to €422,572
mainly Receivables after one year (-€357,784) and Other debts (-€225,000)
- Receivables within one year -€53,295
down €53,295 (-35.2%), from €151,299 to €98,004
of which Other amounts receivable: -€55,780
- Deferred charges and accrued income -€35,957
down €35,957 (-100%), from €35,957 to €0
- Tangible fixed assets -€26,274
down €26,274 (-5.4%), from €488,801 to €462,527
of which Land and buildings: -€27,256
- Other debts -€225,000
down €225,000 (-100%), from €225,000 to €0
- Reserves +€99,060
up €99,060 (+11.4%), from €869,164 to €968,223
of which Distributable reserves: +€99,060
- Debts after one year +€93,164
up €93,164 (+108%), from €86,154 to €179,318
of which Financial debts: +€93,164
- Provisions -€79,248
down €79,248 (-100%), from €79,248 to €0
- Current portion of long-term debt +€26,475
new in 2025: €26,475
- Gross operating margin -€90,507
down €90,507 (-39.4%), from €229,873 to €139,366
- Provisions -€79,248
new in 2025: -€79,248
- Other operating charges -€10,114
down €10,114 (-19.8%), from €51,199 to €41,085
- Financial income +€8,118
up €8,118 (+120%), from €6,779 to €14,897
- Financial charges +€4,217
up €4,217 (+568%), from €742 to €4,959
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,437,137 | €1,340,887 | -€96,250 | -6.7% |
| Fixed assets | 21/28 | €488,801 | €462,527 | -€26,274 | -5.4% |
| Tangible fixed assets | 22/27 | €488,801 | €462,527 | -€26,274 | -5.4% |
| Land and buildings | 22 | €336,438 | €309,182 | -€27,256 | -8.1% |
| Plant, machinery and equipment | 23 | €138,531 | €144,123 | +€5,592 | +4.0% |
| Furniture and vehicles | 24 | €13,832 | €9,221 | -€4,611 | -33.3% |
| Current assets | 29/58 | €948,336 | €878,360 | -€69,976 | -7.4% |
| Amounts receivable after more than one year | 29 | - | €357,784 | +€357,784 | |
| Other amounts receivable | 291 | - | €357,784 | +€357,784 | |
| Amounts receivable within one year | 40/41 | €151,299 | €98,004 | -€53,295 | -35.2% |
| Trade receivables | 40 | - | €2,485 | +€2,485 | |
| Other amounts receivable | 41 | €151,299 | €95,519 | -€55,780 | -36.9% |
| Cash at bank and in hand | 54/58 | €761,080 | €422,572 | -€338,508 | -44.5% |
| Deferred charges and accrued income | 490/1 | €35,957 | €0 | -€35,957 | -100% |
| Total equity and liabilities | 10/49 | €1,437,137 | €1,340,887 | -€96,250 | -6.7% |
| Equity | 10/15 | €1,022,494 | €1,121,553 | +€99,060 | +9.7% |
| Contributions | 10/11 | €153,330 | €153,330 | = | 0.0% |
| Capital | 10 | €153,330 | €153,330 | = | 0.0% |
| Issued capital | 100 | €153,330 | €153,330 | = | 0.0% |
| Reserves | 13 | €869,164 | €968,223 | +€99,060 | +11.4% |
| Non-distributable reserves | 130/1 | €39,789 | €39,789 | = | 0.0% |
| Legal reserve | 130 | €39,789 | €39,789 | = | 0.0% |
| Distributable reserves | 133 | €829,375 | €928,435 | +€99,060 | +11.9% |
| Provisions and deferred taxes | 16 | €79,248 | €0 | -€79,248 | -100% |
| Provisions for liabilities and charges | 160/5 | €79,248 | €0 | -€79,248 | -100% |
| Other liabilities and charges | 164/5 | €79,248 | €0 | -€79,248 | -100% |
| Amounts payable | 17/49 | €335,396 | €219,334 | -€116,062 | -34.6% |
| Amounts payable after more than one year | 17 | €86,154 | €179,318 | +€93,164 | +108% |
| Financial debts | 170/4 | €85,589 | €178,753 | +€93,164 | +109% |
| Other amounts payable | 178/9 | €565 | €565 | = | 0.0% |
| Amounts payable within one year | 42/48 | €244,333 | €40,016 | -€204,318 | -83.6% |
| Current portion of amounts payable after more than one year | 42 | - | €26,475 | +€26,475 | |
| Financial debts | 43 | €54 | €54 | = | 0.0% |
| Credit institutions | 430/8 | €54 | €54 | = | 0.0% |
| Trade debts | 44 | €19,279 | €1,167 | -€18,113 | -93.9% |
| Suppliers | 440/4 | €19,279 | €1,167 | -€18,113 | -93.9% |
| Taxes, remuneration and social security | 45 | - | €12,320 | +€12,320 | |
| Taxes | 450/3 | - | €12,320 | +€12,320 | |
| Other amounts payable | 47/48 | €225,000 | €0 | -€225,000 | -100% |
| Accrued charges and deferred income | 492/3 | €4,908 | €0 | -€4,908 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €48,334 | €52,470 | +€4,136 | +8.6% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | - | -€79,248 | -€79,248 | |
| Other operating charges | 640/8 | €51,199 | €41,085 | -€10,114 | -19.8% |
| Gross operating margin | 9900 | €229,873 | €139,366 | -€90,507 | -39.4% |
| Operating profit (loss) | 9901 | €130,340 | €125,059 | -€5,281 | -4.1% |
| Financial income | 75/76B | €6,779 | €14,897 | +€8,118 | +120% |
| Recurring financial income | 75 | €6,779 | €14,897 | +€8,118 | +120% |
| Financial charges | 65/66B | €742 | €4,959 | +€4,217 | +568% |
| Recurring financial charges | 65 | €742 | €4,959 | +€4,217 | +568% |
| Profit (loss) for the period before taxes | 9903 | €136,376 | €134,997 | -€1,380 | -1.0% |
| Income taxes | 67/77 | €36,369 | €35,937 | -€432 | -1.2% |
| Profit (loss) for the period | 9904 | €100,007 | €99,060 | -€948 | -0.9% |
| Profit (loss) for the period to be appropriated | 9905 | €100,007 | €99,060 | -€948 | -0.9% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 2 November 2026 via checked.be.