FIDOUCIA: 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.
FIDOUCIA
Largest movements
- Stocks and contracts -€15,007
down €15,007 (-4.4%), from €337,610 to €322,604
- Tangible fixed assets -€11,399
down €11,399 (-20.2%), from €56,445 to €45,046
of which Furniture and vehicles: -€6,256
- Profit (loss) carried forward -€72,970
down €72,970 (-34.9%), from -€209,075 to -€282,045
- Trade debts +€28,072
up €28,072 (+40.6%), from €69,117 to €97,189
- Other debts +€26,828
up €26,828 (+7.9%), from €339,890 to €366,718
- Tax, wage and social debts -€6,943
down €6,943 (-22.9%), from €30,304 to €23,361
of which Remuneration and social security: -€8,834
- Gross operating margin -€99,516
down €99,516 (-63.3%), from €157,158 to €57,642
- Depreciation -€2,284
down €2,284 (-16.0%), from €14,254 to €11,970
- Staff costs -€2,240
down €2,240 (-2.0%), from €111,649 to €109,409
- Financial charges -€2,066
down €2,066 (-28.2%), from €7,317 to €5,251
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 | €423,994 | €398,980 | -€25,013 | -5.9% |
| Fixed assets | 21/28 | €61,080 | €49,681 | -€11,399 | -18.7% |
| Tangible fixed assets | 22/27 | €56,445 | €45,046 | -€11,399 | -20.2% |
| Land and buildings | 22 | €16,788 | €14,309 | -€2,479 | -14.8% |
| Plant, machinery and equipment | 23 | €2,091 | €2,105 | +€14 | +0.7% |
| Furniture and vehicles | 24 | €21,134 | €14,878 | -€6,256 | -29.6% |
| Other tangible fixed assets | 26 | €16,432 | €13,755 | -€2,678 | -16.3% |
| Financial fixed assets | 28 | €4,635 | €4,635 | = | 0.0% |
| Current assets | 29/58 | €362,913 | €349,299 | -€13,614 | -3.8% |
| Stocks and contracts in progress | 3 | €337,610 | €322,604 | -€15,007 | -4.4% |
| Stocks | 30/36 | €337,610 | €322,604 | -€15,007 | -4.4% |
| Amounts receivable within one year | 40/41 | €21,061 | €24,833 | +€3,771 | +17.9% |
| Trade receivables | 40 | €21,021 | €24,833 | +€3,812 | +18.1% |
| Other amounts receivable | 41 | €40 | - | -€40 | |
| Cash at bank and in hand | 54/58 | €4,242 | €1,863 | -€2,379 | -56.1% |
| Total equity and liabilities | 10/49 | €423,994 | €398,980 | -€25,013 | -5.9% |
| Equity | 10/15 | -€140,317 | -€213,287 | -€72,970 | -52.0% |
| Contributions | 10/11 | €60,000 | €60,000 | = | 0.0% |
| Reserves | 13 | €8,758 | €8,758 | = | 0.0% |
| Distributable reserves | 133 | €8,758 | €8,758 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€209,075 | -€282,045 | -€72,970 | -34.9% |
| Amounts payable | 17/49 | €564,311 | €612,267 | +€47,957 | +8.5% |
| Amounts payable within one year | 42/48 | €564,311 | €612,267 | +€47,957 | +8.5% |
| Financial debts | 43 | €125,000 | €125,000 | = | 0.0% |
| Credit institutions | 430/8 | €125,000 | €125,000 | = | 0.0% |
| Trade debts | 44 | €69,117 | €97,189 | +€28,072 | +40.6% |
| Suppliers | 440/4 | €69,117 | €97,189 | +€28,072 | +40.6% |
| Taxes, remuneration and social security | 45 | €30,304 | €23,361 | -€6,943 | -22.9% |
| Taxes | 450/3 | €9,035 | €10,926 | +€1,890 | +20.9% |
| Remuneration and social security | 454/9 | €21,269 | €12,435 | -€8,834 | -41.5% |
| Other amounts payable | 47/48 | €339,890 | €366,718 | +€26,828 | +7.9% |
| Remuneration, social security and pensions | 62 | €111,649 | €109,409 | -€2,240 | -2.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,254 | €11,970 | -€2,284 | -16.0% |
| Other operating charges | 640/8 | €5,878 | €4,352 | -€1,527 | -26.0% |
| Gross operating margin | 9900 | €157,158 | €57,642 | -€99,516 | -63.3% |
| Operating profit (loss) | 9901 | €25,377 | -€68,088 | -€93,465 | |
| Financial charges | 65/66B | €7,317 | €5,251 | -€2,066 | -28.2% |
| Recurring financial charges | 65 | €7,317 | €5,251 | -€2,066 | -28.2% |
| Profit (loss) for the period before taxes | 9903 | €18,060 | -€73,340 | -€91,400 | |
| Income taxes | 67/77 | €260 | -€370 | -€630 | |
| Profit (loss) for the period | 9904 | €17,800 | -€72,970 | -€90,770 | |
| Profit (loss) for the period to be appropriated | 9905 | €17,800 | -€72,970 | -€90,770 |
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 27 October 2026 via checked.be.