FIDUC: 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.
FIDUC
Largest movements
- Current investments +€250,000
new in 2025: €250,000
- Cash -€240,827
down €240,827 (-87.5%), from €275,242 to €34,416
mainly Current investments (-€250,000) and Other debts (-€15,610)
- Tangible fixed assets -€17,722
down €17,722 (-3.6%), from €491,327 to €473,605
- Receivables within one year -€13,432
down €13,432 (-87.8%), from €15,302 to €1,870
- Other debts -€15,610
no longer reported in 2025 (was €15,610)
- Gross operating margin +€6,815
up €6,815 (+319.2%), from €2,135 to €8,949
- Other operating charges -€595
down €595 (-50.4%), from €1,179 to €584
- Taxes +€479
new in 2025: €479
- Financial income -€340
down €340 (-8.3%), from €4,085 to €3,745
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 | €781,872 | €760,634 | -€21,237 | -2.7% |
| Fixed assets | 21/28 | €491,327 | €473,605 | -€17,722 | -3.6% |
| Tangible fixed assets | 22/27 | €491,327 | €473,605 | -€17,722 | -3.6% |
| Land and buildings | 22 | €491,327 | €473,605 | -€17,722 | -3.6% |
| Current assets | 29/58 | €290,545 | €287,029 | -€3,515 | -1.2% |
| Amounts receivable within one year | 40/41 | €15,302 | €1,870 | -€13,432 | -87.8% |
| Other amounts receivable | 41 | €15,302 | €1,870 | -€13,432 | -87.8% |
| Current investments | 50/53 | - | €250,000 | +€250,000 | |
| Cash at bank and in hand | 54/58 | €275,242 | €34,416 | -€240,827 | -87.5% |
| Deferred charges and accrued income | 490/1 | - | €744 | +€744 | |
| Total equity and liabilities | 10/49 | €781,872 | €760,634 | -€21,237 | -2.7% |
| Equity | 10/15 | €711,779 | €708,201 | -€3,578 | -0.5% |
| Contributions | 10/11 | €576,352 | €576,352 | = | 0.0% |
| Capital | 10 | €576,352 | €576,352 | = | 0.0% |
| Issued capital | 100 | €576,352 | €576,352 | = | 0.0% |
| Reserves | 13 | €134,364 | €128,167 | -€6,196 | -4.6% |
| Non-distributable reserves | 130/1 | €259 | €397 | +€138 | +53.3% |
| Legal reserve | 130 | €259 | €397 | +€138 | +53.3% |
| Tax-exempt reserves | 132 | €134,105 | €127,770 | -€6,334 | -4.7% |
| Profit (loss) carried forward | 14 | €1,063 | €3,681 | +€2,618 | +246.4% |
| Provisions and deferred taxes | 16 | €53,521 | €50,934 | -€2,587 | -4.8% |
| Deferred taxes | 168 | €53,521 | €50,934 | -€2,587 | -4.8% |
| Amounts payable | 17/49 | €16,572 | €1,500 | -€15,072 | -90.9% |
| Amounts payable within one year | 42/48 | €15,610 | €1,500 | -€14,110 | -90.4% |
| Trade debts | 44 | - | €1,500 | +€1,500 | |
| Suppliers | 440/4 | - | €1,500 | +€1,500 | |
| Other amounts payable | 47/48 | €15,610 | - | -€15,610 | |
| Accrued charges and deferred income | 492/3 | €962 | - | -€962 | |
| Non-recurring operating income | 76A | €350 | - | -€350 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €17,722 | €17,722 | = | 0.0% |
| Other operating charges | 640/8 | €1,179 | €584 | -€595 | -50.4% |
| Gross operating margin | 9900 | €2,135 | €8,949 | +€6,815 | +319.2% |
| Operating profit (loss) | 9901 | -€16,766 | -€9,357 | +€7,409 | +44.2% |
| Financial income | 75/76B | €4,085 | €3,745 | -€340 | -8.3% |
| Recurring financial income | 75 | €4,085 | €3,745 | -€340 | -8.3% |
| Financial charges | 65/66B | €74 | €75 | +€2 | +2.0% |
| Recurring financial charges | 65 | €74 | €75 | +€2 | +2.0% |
| Profit (loss) for the period before taxes | 9903 | -€12,754 | -€5,686 | +€7,068 | +55.4% |
| Transfer from deferred taxes | 780 | €2,587 | €2,587 | = | 0.0% |
| Income taxes | 67/77 | - | €479 | +€479 | |
| Profit (loss) for the period | 9904 | -€10,167 | -€3,578 | +€6,589 | +64.8% |
| Transfer from tax-exempt reserves | 789 | €6,334 | €6,334 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€3,832 | €2,756 | +€6,589 |
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 4 October 2026 via checked.be.