Fiduciaire Equity: what changed
You see two financial years side by side: what moved most in the balance sheet and the result, why the result rose or fell and where the money went.
Fiduciaire Equity
Largest movements
- Tangible fixed assets +€273,927
up €273,927 (+754%), from €36,335 to €310,262
of which Land and buildings: +€299,265
- Cash +€77,710
up €77,710 (+111%), from €69,917 to €147,627
mainly Debts after one year (+€363,225) and Net result for the year (+€69,922)
- Deferred charges and accrued income +€7,313
up €7,313 (+205%), from €3,564 to €10,877
- Debts after one year +€363,225
up €363,225 (+40,873%), from €889 to €364,114
- Other debts +€30,000
up €30,000 (+100%), from €30,000 to €60,000
- Short-term financial debts -€20,335
down €20,335 (-38.5%), from €52,861 to €32,526
- Reserves +€10,000
up €10,000 (+100%), from €10,000 to €20,000
- Tax, wage and social debts -€8,319
down €8,319 (-33.3%), from €24,976 to €16,656
of which Remuneration and social security: -€6,375
- Staff costs -€121,483
down €121,483 (-48.6%), from €249,896 to €128,413
- Gross operating margin -€90,332
down €90,332 (-25.0%), from €361,558 to €271,226
- Depreciation +€29,577
up €29,577 (+220%), from €13,415 to €42,992
- Taxes -€12,340
down €12,340 (-43.4%), from €28,448 to €16,108
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €166,222 | €530,005 | +€363,782 | +219% |
| Fixed assets | 21/28 | €37,906 | €311,393 | +€273,487 | +721% |
| Intangible fixed assets | 21 | €1,208 | €768 | -€440 | -36.4% |
| Tangible fixed assets | 22/27 | €36,335 | €310,262 | +€273,927 | +754% |
| Land and buildings | 22 | - | €299,265 | +€299,265 | |
| Furniture and vehicles | 24 | €11,925 | €8,031 | -€3,894 | -32.7% |
| Other tangible fixed assets | 26 | €24,410 | €2,966 | -€21,444 | -87.8% |
| Financial fixed assets | 28 | €363 | €363 | = | 0.0% |
| Current assets | 29/58 | €128,316 | €218,612 | +€90,295 | +70.4% |
| Amounts receivable within one year | 40/41 | €54,836 | €60,108 | +€5,273 | +9.6% |
| Trade receivables | 40 | €54,836 | €56,108 | +€1,273 | +2.3% |
| Other amounts receivable | 41 | €0 | €4,000 | +€4,000 | |
| Cash at bank and in hand | 54/58 | €69,917 | €147,627 | +€77,710 | +111% |
| Deferred charges and accrued income | 490/1 | €3,564 | €10,877 | +€7,313 | +205% |
| Total equity and liabilities | 10/49 | €166,222 | €530,005 | +€363,782 | +219% |
| Equity | 10/15 | €31,563 | €41,486 | +€9,922 | +31.4% |
| Contributions | 10/11 | €20,460 | €20,460 | = | 0.0% |
| Reserves | 13 | €10,000 | €20,000 | +€10,000 | +100% |
| Distributable reserves | 133 | €10,000 | €20,000 | +€10,000 | +100% |
| Profit (loss) carried forward | 14 | €1,103 | €1,026 | -€78 | -7.0% |
| Amounts payable | 17/49 | €134,659 | €488,519 | +€353,860 | +263% |
| Amounts payable after more than one year | 17 | €889 | €364,114 | +€363,225 | +40,873% |
| Financial debts | 170/4 | €889 | €364,114 | +€363,225 | +40,873% |
| Amounts payable within one year | 42/48 | €133,770 | €124,384 | -€9,386 | -7.0% |
| Current portion of amounts payable after more than one year | 42 | €8,414 | €889 | -€7,525 | -89.4% |
| Financial debts | 43 | €52,861 | €32,526 | -€20,335 | -38.5% |
| Credit institutions | 430/8 | €52,861 | €32,526 | -€20,335 | -38.5% |
| Trade debts | 44 | €17,519 | €14,313 | -€3,206 | -18.3% |
| Suppliers | 440/4 | €17,519 | €14,313 | -€3,206 | -18.3% |
| Taxes, remuneration and social security | 45 | €24,976 | €16,656 | -€8,319 | -33.3% |
| Taxes | 450/3 | €13,465 | €11,521 | -€1,944 | -14.4% |
| Remuneration and social security | 454/9 | €11,511 | €5,136 | -€6,375 | -55.4% |
| Other amounts payable | 47/48 | €30,000 | €60,000 | +€30,000 | +100% |
| Accrued charges and deferred income | 492/3 | - | €21 | +€21 | |
| Remuneration, social security and pensions | 62 | €249,896 | €128,413 | -€121,483 | -48.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,415 | €42,992 | +€29,577 | +220% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €0 | €1,257 | +€1,257 | |
| Other operating charges | 640/8 | €7,186 | €7,633 | +€447 | +6.2% |
| Gross operating margin | 9900 | €361,558 | €271,226 | -€90,332 | -25.0% |
| Operating profit (loss) | 9901 | €91,061 | €90,930 | -€130 | -0.1% |
| Financial income | 75/76B | €743 | €339 | -€404 | -54.3% |
| Recurring financial income | 75 | €743 | €339 | -€404 | -54.3% |
| Financial charges | 65/66B | €7,852 | €5,239 | -€2,613 | -33.3% |
| Recurring financial charges | 65 | €7,852 | €5,239 | -€2,613 | -33.3% |
| Profit (loss) for the period before taxes | 9903 | €83,952 | €86,031 | +€2,079 | +2.5% |
| Income taxes | 67/77 | €28,448 | €16,108 | -€12,340 | -43.4% |
| Profit (loss) for the period | 9904 | €55,503 | €69,922 | +€14,419 | +26.0% |
| Profit (loss) for the period to be appropriated | 9905 | €55,503 | €69,922 | +€14,419 | +26.0% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 1 November 2026 via checked.be.