FIDUAQ: 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.
FIDUAQ
Largest movements
- Receivables within one year +€47,235
up €47,235 (+259%), from €18,243 to €65,478
of which Trade receivables: +€47,778
- Cash -€3,429
down €3,429 (-3.1%), from €109,478 to €106,049
mainly Contributions, distributions and other (-€145,000) and Receivables within one year (-€47,235)
- Other debts +€36,000
up €36,000 (+33.0%), from €109,000 to €145,000
- Tax, wage and social debts +€5,890
up €5,890 (+38.9%), from €15,154 to €21,045
- Gross operating margin +€46,673
up €46,673 (+32.2%), from €144,929 to €191,603
- Taxes +€11,279
up €11,279 (+35.2%), from €32,081 to €43,359
- Depreciation -€2,655
down €2,655 (-93.9%), from €2,828 to €173
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 | €129,166 | €172,173 | +€43,006 | +33.3% |
| Fixed assets | 21/28 | €173 | - | -€173 | |
| Tangible fixed assets | 22/27 | €173 | - | -€173 | |
| Furniture and vehicles | 24 | €173 | - | -€173 | |
| Current assets | 29/58 | €128,994 | €172,173 | +€43,179 | +33.5% |
| Amounts receivable within one year | 40/41 | €18,243 | €65,478 | +€47,235 | +259% |
| Trade receivables | 40 | €17,700 | €65,478 | +€47,778 | +270% |
| Other amounts receivable | 41 | €543 | - | -€543 | |
| Cash at bank and in hand | 54/58 | €109,478 | €106,049 | -€3,429 | -3.1% |
| Deferred charges and accrued income | 490/1 | €1,273 | €646 | -€627 | -49.3% |
| Total equity and liabilities | 10/49 | €129,166 | €172,173 | +€43,006 | +33.3% |
| Equity | 10/15 | €3,326 | €4,791 | +€1,464 | +44.0% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Reserves | 13 | €1,326 | €2,791 | +€1,464 | +110% |
| Distributable reserves | 133 | €1,326 | €2,791 | +€1,464 | +110% |
| Amounts payable | 17/49 | €125,840 | €167,382 | +€41,542 | +33.0% |
| Amounts payable within one year | 42/48 | €125,840 | €167,382 | +€41,542 | +33.0% |
| Trade debts | 44 | €1,685 | €1,337 | -€348 | -20.7% |
| Suppliers | 440/4 | €1,685 | €1,337 | -€348 | -20.7% |
| Taxes, remuneration and social security | 45 | €15,154 | €21,045 | +€5,890 | +38.9% |
| Taxes | 450/3 | €15,154 | €21,045 | +€5,890 | +38.9% |
| Other amounts payable | 47/48 | €109,000 | €145,000 | +€36,000 | +33.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,828 | €173 | -€2,655 | -93.9% |
| Other operating charges | 640/8 | €1,146 | €899 | -€247 | -21.6% |
| Gross operating margin | 9900 | €144,929 | €191,603 | +€46,673 | +32.2% |
| Operating profit (loss) | 9901 | €140,956 | €190,532 | +€49,576 | +35.2% |
| Financial income | 75/76B | €984 | - | -€984 | |
| Recurring financial income | 75 | €984 | - | -€984 | |
| Financial charges | 65/66B | €47 | €708 | +€661 | +1,417% |
| Recurring financial charges | 65 | €47 | €708 | +€661 | +1,417% |
| Profit (loss) for the period before taxes | 9903 | €141,893 | €189,823 | +€47,931 | +33.8% |
| Income taxes | 67/77 | €32,081 | €43,359 | +€11,279 | +35.2% |
| Profit (loss) for the period | 9904 | €109,812 | €146,464 | +€36,652 | +33.4% |
| Profit (loss) for the period to be appropriated | 9905 | €109,812 | €146,464 | +€36,652 | +33.4% |
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 20 October 2026 via checked.be.