FIDUCIA PARTNER: 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.
FIDUCIA PARTNER
Largest movements
- Cash -€85,860
down €85,860 (-38.6%), from €222,319 to €136,459
mainly Current investments (-€80,000) and Contributions, distributions and other (-€70,000)
- Current investments +€80,000
new in 2025: €80,000
- Receivables within one year +€31,311
up €31,311 (+37.9%), from €82,710 to €114,021
of which Trade receivables: +€19,018
- Tangible fixed assets -€14,810
down €14,810 (-10.0%), from €147,552 to €132,742
of which Land and buildings: -€10,910
- Tax, wage and social debts +€14,902
up €14,902 (+24.1%), from €61,725 to €76,628
of which Taxes: +€18,420
- Debts after one year -€11,693
down €11,693 (-9.9%), from €118,149 to €106,456
- Other debts +€9,895
up €9,895 (+9,383%), from €105 to €10,000
- Staff costs -€17,735
down €17,735 (-10.8%), from €164,131 to €146,396
- Taxes +€10,754
up €10,754 (+73.4%), from €14,642 to €25,396
- Gross operating margin +€10,487
up €10,487 (+4.1%), from €252,858 to €263,345
- Depreciation -€4,008
down €4,008 (-20.9%), from €19,220 to €15,212
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 | €452,761 | €465,925 | +€13,164 | +2.9% |
| Fixed assets | 21/28 | €147,732 | €132,922 | -€14,810 | -10.0% |
| Tangible fixed assets | 22/27 | €147,552 | €132,742 | -€14,810 | -10.0% |
| Land and buildings | 22 | €141,157 | €130,247 | -€10,910 | -7.7% |
| Plant, machinery and equipment | 23 | €4,757 | €1,388 | -€3,369 | -70.8% |
| Furniture and vehicles | 24 | €1,638 | €1,107 | -€531 | -32.4% |
| Financial fixed assets | 28 | €180 | €180 | = | 0.0% |
| Current assets | 29/58 | €305,029 | €333,003 | +€27,974 | +9.2% |
| Amounts receivable within one year | 40/41 | €82,710 | €114,021 | +€31,311 | +37.9% |
| Trade receivables | 40 | €82,132 | €101,150 | +€19,018 | +23.2% |
| Other amounts receivable | 41 | €578 | €12,871 | +€12,293 | +2,126% |
| Current investments | 50/53 | - | €80,000 | +€80,000 | |
| Cash at bank and in hand | 54/58 | €222,319 | €136,459 | -€85,860 | -38.6% |
| Deferred charges and accrued income | 490/1 | - | €2,524 | +€2,524 | |
| Total equity and liabilities | 10/49 | €452,761 | €465,925 | +€13,164 | +2.9% |
| Equity | 10/15 | €213,621 | €212,349 | -€1,272 | -0.6% |
| Contributions | 10/11 | €8,060 | €8,060 | = | 0.0% |
| Reserves | 13 | €44,750 | €44,750 | = | 0.0% |
| Tax-exempt reserves | 132 | €34,750 | €34,750 | = | 0.0% |
| Distributable reserves | 133 | €10,000 | €10,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €160,811 | €159,539 | -€1,272 | -0.8% |
| Amounts payable | 17/49 | €239,140 | €253,576 | +€14,436 | +6.0% |
| Amounts payable after more than one year | 17 | €118,149 | €106,456 | -€11,693 | -9.9% |
| Financial debts | 170/4 | €118,149 | €106,456 | -€11,693 | -9.9% |
| Amounts payable within one year | 42/48 | €120,991 | €147,120 | +€26,129 | +21.6% |
| Current portion of amounts payable after more than one year | 42 | €11,929 | €11,693 | -€236 | -2.0% |
| Trade debts | 44 | €47,232 | €48,800 | +€1,568 | +3.3% |
| Suppliers | 440/4 | €47,232 | €48,800 | +€1,568 | +3.3% |
| Taxes, remuneration and social security | 45 | €61,725 | €76,628 | +€14,902 | +24.1% |
| Taxes | 450/3 | €44,069 | €62,489 | +€18,420 | +41.8% |
| Remuneration and social security | 454/9 | €17,656 | €14,139 | -€3,517 | -19.9% |
| Other amounts payable | 47/48 | €105 | €10,000 | +€9,895 | +9,383% |
| Non-recurring operating income | 76A | - | €36 | +€36 | |
| Remuneration, social security and pensions | 62 | €164,131 | €146,396 | -€17,735 | -10.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €19,220 | €15,212 | -€4,008 | -20.9% |
| Other operating charges | 640/8 | €3,722 | €3,435 | -€288 | -7.7% |
| Gross operating margin | 9900 | €252,858 | €263,345 | +€10,487 | +4.1% |
| Operating profit (loss) | 9901 | €65,785 | €98,302 | +€32,517 | +49.4% |
| Financial income | 75/76B | €3,689 | €1,377 | -€2,312 | -62.7% |
| Recurring financial income | 75 | €3,689 | €1,377 | -€2,312 | -62.7% |
| Financial charges | 65/66B | €6,723 | €5,555 | -€1,168 | -17.4% |
| Recurring financial charges | 65 | €6,723 | €5,555 | -€1,168 | -17.4% |
| Profit (loss) for the period before taxes | 9903 | €62,750 | €94,124 | +€31,374 | +50.0% |
| Income taxes | 67/77 | €14,642 | €25,396 | +€10,754 | +73.4% |
| Profit (loss) for the period | 9904 | €48,108 | €68,728 | +€20,620 | +42.9% |
| Profit (loss) for the period to be appropriated | 9905 | €48,108 | €68,728 | +€20,620 | +42.9% |
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 25 October 2026 via checked.be.