FIDOVA: 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.
FIDOVA
Largest movements
- Tangible fixed assets +€446,329
up €446,329 (+147.8%), from €301,893 to €748,222
of which Land and buildings: +€468,672
- Receivables within one year -€46,595
down €46,595 (-90.8%), from €51,294 to €4,699
of which Trade receivables: -€40,185
- Cash -€39,286
down €39,286 (-71.0%), from €55,327 to €16,041
mainly Investment in fixed assets (net) (-€483,733) and Net result for the year (-€24,560)
- Current investments -€26,891
down €26,891 (-6.3%), from €426,821 to €399,930
- Debts after one year +€341,458
up €341,458 (+167.3%), from €204,097 to €545,555
- Reserves -€24,560
down €24,560 (-7.6%), from €324,728 to €300,168
of which Distributable reserves: -€23,552
- Current portion of long-term debt +€14,347
up €14,347 (+102.8%), from €13,950 to €28,296
- Depreciation +€10,173
up €10,173 (+37.4%), from €27,232 to €37,405
- Financial charges +€8,091
up €8,091 (+38.9%), from €20,797 to €28,888
- Financial income -€3,671
down €3,671 (-28.8%), from €12,759 to €9,088
- Other operating charges -€1,488
down €1,488 (-21.4%), from €6,961 to €5,473
- Taxes +€1,019
up €1,019 (+28.2%), from -€3,613 to -€2,594
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 | €835,597 | €1,176,089 | +€340,492 | +40.7% |
| Fixed assets | 21/28 | €301,893 | €748,222 | +€446,329 | +147.8% |
| Tangible fixed assets | 22/27 | €301,893 | €748,222 | +€446,329 | +147.8% |
| Land and buildings | 22 | €222,406 | €691,078 | +€468,672 | +210.7% |
| Plant, machinery and equipment | 23 | €15,019 | €11,326 | -€3,693 | -24.6% |
| Furniture and vehicles | 24 | €64,469 | €45,818 | -€18,651 | -28.9% |
| Current assets | 29/58 | €533,704 | €427,867 | -€105,837 | -19.8% |
| Amounts receivable within one year | 40/41 | €51,294 | €4,699 | -€46,595 | -90.8% |
| Trade receivables | 40 | €42,000 | €1,815 | -€40,185 | -95.7% |
| Other amounts receivable | 41 | €9,294 | €2,884 | -€6,410 | -69.0% |
| Current investments | 50/53 | €426,821 | €399,930 | -€26,891 | -6.3% |
| Cash at bank and in hand | 54/58 | €55,327 | €16,041 | -€39,286 | -71.0% |
| Deferred charges and accrued income | 490/1 | €262 | €7,198 | +€6,935 | +2643.6% |
| Total equity and liabilities | 10/49 | €835,597 | €1,176,089 | +€340,492 | +40.7% |
| Equity | 10/15 | €387,728 | €363,168 | -€24,560 | -6.3% |
| Contributions | 10/11 | €63,000 | €63,000 | = | 0.0% |
| Capital | 10 | €63,000 | €63,000 | = | 0.0% |
| Issued capital | 100 | €63,000 | €63,000 | = | 0.0% |
| Reserves | 13 | €324,728 | €300,168 | -€24,560 | -7.6% |
| Non-distributable reserves | 130/1 | €6,300 | €6,300 | = | 0.0% |
| Legal reserve | 130 | €6,300 | €6,300 | = | 0.0% |
| Tax-exempt reserves | 132 | €26,730 | €25,722 | -€1,008 | -3.8% |
| Distributable reserves | 133 | €291,698 | €268,146 | -€23,552 | -8.1% |
| Provisions and deferred taxes | 16 | €6,682 | €6,431 | -€252 | -3.8% |
| Deferred taxes | 168 | €6,682 | €6,431 | -€252 | -3.8% |
| Amounts payable | 17/49 | €441,187 | €806,490 | +€365,303 | +82.8% |
| Amounts payable after more than one year | 17 | €204,097 | €545,555 | +€341,458 | +167.3% |
| Financial debts | 170/4 | €204,097 | €545,555 | +€341,458 | +167.3% |
| Amounts payable within one year | 42/48 | €219,823 | €241,898 | +€22,075 | +10.0% |
| Current portion of amounts payable after more than one year | 42 | €13,950 | €28,296 | +€14,347 | +102.8% |
| Trade debts | 44 | €3,221 | €3,348 | +€127 | +4.0% |
| Suppliers | 440/4 | €3,221 | €3,348 | +€127 | +4.0% |
| Taxes, remuneration and social security | 45 | €8,127 | €4,062 | -€4,065 | -50.0% |
| Taxes | 450/3 | €8,127 | €4,062 | -€4,065 | -50.0% |
| Other amounts payable | 47/48 | €194,525 | €206,191 | +€11,666 | +6.0% |
| Accrued charges and deferred income | 492/3 | €17,267 | €19,038 | +€1,770 | +10.3% |
| Non-recurring operating income | 76A | €413 | €0 | -€413 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €27,232 | €37,405 | +€10,173 | +37.4% |
| Other operating charges | 640/8 | €6,961 | €5,473 | -€1,488 | -21.4% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Gross operating margin | 9900 | €35,534 | €35,272 | -€262 | -0.7% |
| Operating profit (loss) | 9901 | €1,342 | -€7,605 | -€8,947 | |
| Financial income | 75/76B | €12,759 | €9,088 | -€3,671 | -28.8% |
| Recurring financial income | 75 | €12,759 | €9,088 | -€3,671 | -28.8% |
| Financial charges | 65/66B | €20,797 | €28,888 | +€8,091 | +38.9% |
| Recurring financial charges | 65 | €20,797 | €28,888 | +€8,091 | +38.9% |
| Profit (loss) for the period before taxes | 9903 | -€6,696 | -€27,406 | -€20,710 | -309.3% |
| Transfer from deferred taxes | 780 | €252 | €252 | = | 0.0% |
| Income taxes | 67/77 | -€3,613 | -€2,594 | +€1,019 | +28.2% |
| Profit (loss) for the period | 9904 | -€2,831 | -€24,560 | -€21,729 | -767.6% |
| Transfer from tax-exempt reserves | 789 | €1,008 | €1,008 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€1,823 | -€23,552 | -€21,729 | -1191.8% |
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 8 October 2026 via checked.be.