FIDUCIAT: 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.
FIDUCIAT
Largest movements
- Tangible fixed assets +€209,405
up €209,405 (+46.0%), from €455,339 to €664,745
of which Land and buildings: +€226,476
- Receivables within one year -€56,799
down €56,799 (-94.8%), from €59,903 to €3,104
of which Trade receivables: -€56,414
- Cash -€14,998
down €14,998 (-27.3%), from €55,000 to €40,002
mainly Investment in fixed assets (net) (-€245,727) and Other debts (-€41,858)
- Debts after one year +€207,227
up €207,227 (+66.9%), from €309,795 to €517,022
- Other debts -€41,858
down €41,858 (-58.5%), from €71,516 to €29,658
- Trade debts -€41,800
down €41,800 (-77.1%), from €54,187 to €12,387
- Profit (loss) carried forward +€13,913
up €13,913 (+18.6%), from €74,817 to €88,730
- Gross operating margin -€39,072
down €39,072 (-29.6%), from €132,130 to €93,058
- Depreciation +€7,207
up €7,207 (+24.8%), from €29,115 to €36,322
- Financial charges +€4,817
up €4,817 (+85.6%), from €5,630 to €10,447
- Other operating charges -€4,508
down €4,508 (-20.8%), from €21,661 to €17,153
- Taxes -€3,665
down €3,665 (-19.1%), from €19,228 to €15,563
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €570,242 | €707,850 | +€137,608 | +24.1% |
| Fixed assets | 21/28 | €455,339 | €664,745 | +€209,405 | +46.0% |
| Tangible fixed assets | 22/27 | €455,339 | €664,745 | +€209,405 | +46.0% |
| Land and buildings | 22 | €387,547 | €614,023 | +€226,476 | +58.4% |
| Plant, machinery and equipment | 23 | - | €2,062 | +€2,062 | |
| Furniture and vehicles | 24 | €67,792 | €48,660 | -€19,132 | -28.2% |
| Current assets | 29/58 | €114,903 | €43,106 | -€71,797 | -62.5% |
| Amounts receivable within one year | 40/41 | €59,903 | €3,104 | -€56,799 | -94.8% |
| Trade receivables | 40 | €59,516 | €3,102 | -€56,414 | -94.8% |
| Other amounts receivable | 41 | €387 | €2 | -€385 | -99.4% |
| Cash at bank and in hand | 54/58 | €55,000 | €40,002 | -€14,998 | -27.3% |
| Total equity and liabilities | 10/49 | €570,242 | €707,850 | +€137,608 | +24.1% |
| Equity | 10/15 | €81,080 | €94,994 | +€13,913 | +17.2% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Capital | 10 | €6,200 | €6,200 | = | 0.0% |
| Issued capital | 100 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €63 | €63 | = | 0.0% |
| Non-distributable reserves | 130/1 | €63 | €63 | = | 0.0% |
| Legal reserve | 130 | €63 | €63 | = | 0.0% |
| Profit (loss) carried forward | 14 | €74,817 | €88,730 | +€13,913 | +18.6% |
| Amounts payable | 17/49 | €489,162 | €612,857 | +€123,695 | +25.3% |
| Amounts payable after more than one year | 17 | €309,795 | €517,022 | +€207,227 | +66.9% |
| Financial debts | 170/4 | €309,795 | €517,022 | +€207,227 | +66.9% |
| Amounts payable within one year | 42/48 | €179,367 | €95,835 | -€83,532 | -46.6% |
| Current portion of amounts payable after more than one year | 42 | - | €2,218 | +€2,218 | |
| Trade debts | 44 | €54,187 | €12,387 | -€41,800 | -77.1% |
| Suppliers | 440/4 | €54,187 | €12,387 | -€41,800 | -77.1% |
| Taxes, remuneration and social security | 45 | €53,664 | €51,572 | -€2,093 | -3.9% |
| Taxes | 450/3 | €53,664 | €51,572 | -€2,093 | -3.9% |
| Other amounts payable | 47/48 | €71,516 | €29,658 | -€41,858 | -58.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €29,115 | €36,322 | +€7,207 | +24.8% |
| Other operating charges | 640/8 | €21,661 | €17,153 | -€4,508 | -20.8% |
| Gross operating margin | 9900 | €132,130 | €93,058 | -€39,072 | -29.6% |
| Operating profit (loss) | 9901 | €81,355 | €39,583 | -€41,771 | -51.3% |
| Financial income | 75/76B | €23 | €340 | +€317 | +1361.6% |
| Recurring financial income | 75 | €23 | €340 | +€317 | +1361.6% |
| Financial charges | 65/66B | €5,630 | €10,447 | +€4,817 | +85.6% |
| Recurring financial charges | 65 | €5,630 | €10,447 | +€4,817 | +85.6% |
| Profit (loss) for the period before taxes | 9903 | €75,748 | €29,477 | -€46,272 | -61.1% |
| Income taxes | 67/77 | €19,228 | €15,563 | -€3,665 | -19.1% |
| Profit (loss) for the period | 9904 | €56,520 | €13,913 | -€42,607 | -75.4% |
| Profit (loss) for the period to be appropriated | 9905 | €56,520 | €13,913 | -€42,607 | -75.4% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 29 September 2026 via checked.be.