FIDU9: 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.
FIDU9
Largest movements
- Cash -€135,533
down €135,533 (-54.0%), from €250,917 to €115,384
mainly Contributions, distributions and other (-€180,327) and Other debts (-€99,184)
- Receivables within one year +€51,122
up €51,122 (+41.5%), from €123,054 to €174,176
of which Other amounts receivable: +€45,069
- Other debts -€99,184
down €99,184 (-71.2%), from €139,210 to €40,026
- Debts after one year +€28,298
up €28,298 (+19.8%), from €142,818 to €171,117
- Reserves -€9,835
down €9,835 (-1.8%), from €544,163 to €534,328
- Tax, wage and social debts +€9,398
up €9,398 (+20.5%), from €45,945 to €55,343
of which Remuneration and social security: +€10,542
- Staff costs +€89,504
up €89,504 (+25.7%), from €348,469 to €437,974
- Gross operating margin +€25,095
up €25,095 (+3.3%), from €752,140 to €777,235
- Depreciation -€23,682
down €23,682 (-24.3%), from €97,565 to €73,883
- Taxes -€9,888
down €9,888 (-10.7%), from €92,368 to €82,480
- Financial charges -€7,907
down €7,907 (-67.9%), from €11,650 to €3,743
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 | €929,246 | €850,061 | -€79,185 | -8.5% |
| Fixed assets | 21/28 | €546,509 | €546,280 | -€229 | 0.0% |
| Tangible fixed assets | 22/27 | €545,935 | €545,707 | -€229 | 0.0% |
| Land and buildings | 22 | €437,565 | €406,467 | -€31,099 | -7.1% |
| Plant, machinery and equipment | 23 | €29,525 | €21,321 | -€8,204 | -27.8% |
| Furniture and vehicles | 24 | €78,845 | €50,584 | -€28,261 | -35.8% |
| Other tangible fixed assets | 26 | - | €67,335 | +€67,335 | |
| Financial fixed assets | 28 | €573 | €573 | = | 0.0% |
| Current assets | 29/58 | €382,737 | €303,781 | -€78,956 | -20.6% |
| Amounts receivable within one year | 40/41 | €123,054 | €174,176 | +€51,122 | +41.5% |
| Trade receivables | 40 | €101,825 | €107,878 | +€6,053 | +5.9% |
| Other amounts receivable | 41 | €21,228 | €66,298 | +€45,069 | +212.3% |
| Cash at bank and in hand | 54/58 | €250,917 | €115,384 | -€135,533 | -54.0% |
| Deferred charges and accrued income | 490/1 | €8,766 | €14,221 | +€5,454 | +62.2% |
| Total equity and liabilities | 10/49 | €929,246 | €850,061 | -€79,185 | -8.5% |
| Equity | 10/15 | €544,163 | €534,328 | -€9,835 | -1.8% |
| Reserves | 13 | €544,163 | €534,328 | -€9,835 | -1.8% |
| Distributable reserves | 133 | €544,163 | €534,328 | -€9,835 | -1.8% |
| Amounts payable | 17/49 | €385,083 | €315,733 | -€69,350 | -18.0% |
| Amounts payable after more than one year | 17 | €142,818 | €171,117 | +€28,298 | +19.8% |
| Financial debts | 170/4 | €142,818 | €171,117 | +€28,298 | +19.8% |
| Amounts payable within one year | 42/48 | €242,265 | €144,617 | -€97,649 | -40.3% |
| Current portion of amounts payable after more than one year | 42 | €19,277 | €13,027 | -€6,251 | -32.4% |
| Trade debts | 44 | €37,833 | €36,220 | -€1,612 | -4.3% |
| Suppliers | 440/4 | €37,833 | €36,220 | -€1,612 | -4.3% |
| Taxes, remuneration and social security | 45 | €45,945 | €55,343 | +€9,398 | +20.5% |
| Taxes | 450/3 | €3,741 | €2,597 | -€1,144 | -30.6% |
| Remuneration and social security | 454/9 | €42,204 | €52,746 | +€10,542 | +25.0% |
| Other amounts payable | 47/48 | €139,210 | €40,026 | -€99,184 | -71.2% |
| Remuneration, social security and pensions | 62 | €348,469 | €437,974 | +€89,504 | +25.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €97,565 | €73,883 | -€23,682 | -24.3% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €3,548 | +€3,548 | |
| Other operating charges | 640/8 | €5,314 | €5,318 | +€4 | +0.1% |
| Gross operating margin | 9900 | €752,140 | €777,235 | +€25,095 | +3.3% |
| Operating profit (loss) | 9901 | €300,793 | €256,514 | -€44,279 | -14.7% |
| Financial income | 75/76B | €2,601 | €202 | -€2,399 | -92.2% |
| Recurring financial income | 75 | €2,601 | €202 | -€2,399 | -92.2% |
| Financial charges | 65/66B | €11,650 | €3,743 | -€7,907 | -67.9% |
| Recurring financial charges | 65 | €11,650 | €3,743 | -€7,907 | -67.9% |
| Profit (loss) for the period before taxes | 9903 | €291,743 | €252,972 | -€38,771 | -13.3% |
| Income taxes | 67/77 | €92,368 | €82,480 | -€9,888 | -10.7% |
| Profit (loss) for the period | 9904 | €199,376 | €170,492 | -€28,883 | -14.5% |
| Profit (loss) for the period to be appropriated | 9905 | €199,376 | €170,492 | -€28,883 | -14.5% |
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 8 October 2026 via checked.be.