FIDUBOUGE: 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.
FIDUBOUGE
Largest movements
- Receivables within one year +€14,842
up €14,842 (+45.6%), from €32,579 to €47,421
of which Trade receivables: +€14,842
- Tangible fixed assets -€2,904
down €2,904 (-15.7%), from €18,449 to €15,545
- Cash +€2,605
up €2,605 (+1.5%), from €168,883 to €171,489
mainly Net result for the year (+€43,289) and Depreciation (+€10,188)
- Reserves +€12,000
up €12,000 (+7.5%), from €160,000 to €172,000
- Trade debts -€5,190
down €5,190 (-96.7%), from €5,369 to €179
- Tax, wage and social debts +€4,590
up €4,590 (+18.0%), from €25,550 to €30,140
of which Remuneration and social security: +€2,872
- Gross operating margin +€8,161
up €8,161 (+7.9%), from €102,922 to €111,083
- Taxes +€2,363
up €2,363 (+15.5%), from €15,235 to €17,598
- Depreciation +€1,174
up €1,174 (+13.0%), from €9,013 to €10,188
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 | €219,911 | €234,454 | +€14,543 | +6.6% |
| Fixed assets | 21/28 | €18,449 | €15,545 | -€2,904 | -15.7% |
| Tangible fixed assets | 22/27 | €18,449 | €15,545 | -€2,904 | -15.7% |
| Furniture and vehicles | 24 | €18,449 | €15,545 | -€2,904 | -15.7% |
| Current assets | 29/58 | €201,462 | €218,909 | +€17,447 | +8.7% |
| Amounts receivable within one year | 40/41 | €32,579 | €47,421 | +€14,842 | +45.6% |
| Trade receivables | 40 | €31,560 | €46,402 | +€14,842 | +47.0% |
| Other amounts receivable | 41 | €1,019 | €1,019 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €168,883 | €171,489 | +€2,605 | +1.5% |
| Total equity and liabilities | 10/49 | €219,911 | €234,454 | +€14,543 | +6.6% |
| Equity | 10/15 | €167,992 | €181,281 | +€13,289 | +7.9% |
| Contributions | 10/11 | €4,000 | €4,000 | = | 0.0% |
| Reserves | 13 | €160,000 | €172,000 | +€12,000 | +7.5% |
| Distributable reserves | 133 | €160,000 | €172,000 | +€12,000 | +7.5% |
| Profit (loss) carried forward | 14 | €3,992 | €5,281 | +€1,289 | +32.3% |
| Amounts payable | 17/49 | €51,919 | €53,173 | +€1,254 | +2.4% |
| Amounts payable within one year | 42/48 | €51,919 | €53,173 | +€1,254 | +2.4% |
| Trade debts | 44 | €5,369 | €179 | -€5,190 | -96.7% |
| Suppliers | 440/4 | €5,369 | €179 | -€5,190 | -96.7% |
| Taxes, remuneration and social security | 45 | €25,550 | €30,140 | +€4,590 | +18.0% |
| Taxes | 450/3 | €20,190 | €21,907 | +€1,717 | +8.5% |
| Remuneration and social security | 454/9 | €5,360 | €8,232 | +€2,872 | +53.6% |
| Other amounts payable | 47/48 | €21,000 | €22,855 | +€1,855 | +8.8% |
| Remuneration, social security and pensions | 62 | €41,662 | €41,798 | +€136 | +0.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,013 | €10,188 | +€1,174 | +13.0% |
| Other operating charges | 640/8 | €387 | €711 | +€323 | +83.5% |
| Gross operating margin | 9900 | €102,922 | €111,083 | +€8,161 | +7.9% |
| Operating profit (loss) | 9901 | €51,860 | €58,387 | +€6,527 | +12.6% |
| Financial income | 75/76B | €1,802 | €2,634 | +€832 | +46.2% |
| Recurring financial income | 75 | €1,802 | €2,634 | +€832 | +46.2% |
| Financial charges | 65/66B | €61 | €133 | +€72 | +117.0% |
| Recurring financial charges | 65 | €61 | €133 | +€72 | +117.0% |
| Profit (loss) for the period before taxes | 9903 | €53,600 | €60,887 | +€7,287 | +13.6% |
| Income taxes | 67/77 | €15,235 | €17,598 | +€2,363 | +15.5% |
| Profit (loss) for the period | 9904 | €38,365 | €43,289 | +€4,924 | +12.8% |
| Profit (loss) for the period to be appropriated | 9905 | €38,365 | €43,289 | +€4,924 | +12.8% |
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.