FIDUA: 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.
FIDUA
Largest movements
- Tangible fixed assets +€441,948
up €441,948 (+33.7%), from €1.3m to €1.8m
of which Land and buildings: +€446,959
- Stocks and contracts +€119,198
up €119,198 (+176.0%), from €67,721 to €186,919
of which Contracts in progress: +€122,923
- Cash -€107,600
down €107,600 (-61.9%), from €173,759 to €66,159
mainly Investment in fixed assets (net) (-€449,000) and Stocks and contracts (-€119,198)
- Debts after one year +€347,177
up €347,177 (+28.7%), from €1.2m to €1.6m
- Profit (loss) carried forward +€73,145
up €73,145 (+66.2%), from €110,467 to €183,611
- Other debts +€46,801
up €46,801 (+797.0%), from €5,872 to €52,673
- Current portion of long-term debt -€31,641
down €31,641 (-33.5%), from €94,465 to €62,823
- Trade debts -€27,768
down €27,768 (-93.0%), from €29,856 to €2,088
- Other operating charges -€51,249
down €51,249 (-46.3%), from €110,604 to €59,355
- Financial charges +€31,001
up €31,001 (+97.4%), from €31,814 to €62,815
of which Non-recurring financial charges: +€16,088
- Gross operating margin +€16,485
up €16,485 (+8.0%), from €206,496 to €222,981
- Taxes -€12,466
down €12,466 (-38.4%), from €32,466 to €20,000
- Depreciation -€4,774
down €4,774 (-39.6%), from €12,041 to €7,267
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 | €1,558,702 | €2,005,907 | +€447,205 | +28.7% |
| Fixed assets | 21/28 | €1,311,095 | €1,752,829 | +€441,734 | +33.7% |
| Intangible fixed assets | 21 | €215 | - | -€215 | |
| Tangible fixed assets | 22/27 | €1,310,880 | €1,752,829 | +€441,948 | +33.7% |
| Land and buildings | 22 | €1,260,617 | €1,707,577 | +€446,959 | +35.5% |
| Furniture and vehicles | 24 | €486 | €0 | -€486 | -100.0% |
| Leasing and similar rights | 25 | €49,777 | €45,252 | -€4,525 | -9.1% |
| Current assets | 29/58 | €247,606 | €253,078 | +€5,472 | +2.2% |
| Stocks and contracts in progress | 3 | €67,721 | €186,919 | +€119,198 | +176.0% |
| Stocks | 30/36 | €3,725 | - | -€3,725 | |
| Contracts in progress | 37 | €63,996 | €186,919 | +€122,923 | +192.1% |
| Amounts receivable within one year | 40/41 | €6,126 | - | -€6,126 | |
| Trade receivables | 40 | €6,126 | - | -€6,126 | |
| Other amounts receivable | 41 | €0 | - | = | |
| Cash at bank and in hand | 54/58 | €173,759 | €66,159 | -€107,600 | -61.9% |
| Total equity and liabilities | 10/49 | €1,558,702 | €2,005,907 | +€447,205 | +28.7% |
| Equity | 10/15 | €217,354 | €290,499 | +€73,145 | +33.7% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €86,887 | €86,887 | = | 0.0% |
| Non-distributable reserves | 130/1 | €2,000 | €2,000 | = | 0.0% |
| Reserves not available under the articles | 1311 | €2,000 | €2,000 | = | 0.0% |
| Distributable reserves | 133 | €84,887 | €84,887 | = | 0.0% |
| Profit (loss) carried forward | 14 | €110,467 | €183,611 | +€73,145 | +66.2% |
| Amounts payable | 17/49 | €1,341,348 | €1,715,408 | +€374,061 | +27.9% |
| Amounts payable after more than one year | 17 | €1,211,155 | €1,558,331 | +€347,177 | +28.7% |
| Financial debts | 170/4 | €1,211,155 | €1,558,331 | +€347,177 | +28.7% |
| Amounts payable within one year | 42/48 | €130,193 | €137,077 | +€6,884 | +5.3% |
| Current portion of amounts payable after more than one year | 42 | €94,465 | €62,823 | -€31,641 | -33.5% |
| Trade debts | 44 | €29,856 | €2,088 | -€27,768 | -93.0% |
| Suppliers | 440/4 | €29,856 | €2,088 | -€27,768 | -93.0% |
| Taxes, remuneration and social security | 45 | - | €19,492 | +€19,492 | |
| Taxes | 450/3 | - | €19,492 | +€19,492 | |
| Other amounts payable | 47/48 | €5,872 | €52,673 | +€46,801 | +797.0% |
| Accrued charges and deferred income | 492/3 | - | €20,000 | +€20,000 | |
| Non-recurring operating income | 76A | €9,219 | €4,700 | -€4,519 | -49.0% |
| Remuneration, social security and pensions | 62 | €362 | €400 | +€38 | +10.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,041 | €7,267 | -€4,774 | -39.6% |
| Other operating charges | 640/8 | €110,604 | €59,355 | -€51,249 | -46.3% |
| Gross operating margin | 9900 | €206,496 | €222,981 | +€16,485 | +8.0% |
| Operating profit (loss) | 9901 | €83,490 | €155,960 | +€72,470 | +86.8% |
| Financial charges | 65/66B | €31,814 | €62,815 | +€31,001 | +97.4% |
| Recurring financial charges | 65 | €31,814 | €46,727 | +€14,913 | +46.9% |
| Non-recurring financial charges | 66B | - | €16,088 | +€16,088 | |
| Profit (loss) for the period before taxes | 9903 | €51,676 | €93,145 | +€41,469 | +80.2% |
| Income taxes | 67/77 | €32,466 | €20,000 | -€12,466 | -38.4% |
| Profit (loss) for the period | 9904 | €19,210 | €73,145 | +€53,935 | +280.8% |
| Profit (loss) for the period to be appropriated | 9905 | €19,210 | €73,145 | +€53,935 | +280.8% |
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 7 October 2026 via checked.be.