Fiducre: 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.
What changed
Fiducre
NACE 82.910, Office administrative, office support and other business support activities
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€26.5m
2024 · €28.1m-€1.6m
Equity
€9.9m
2024 · €9.9m
Cash
€3.8m
2024 · €3.1m+€744,147
Balance sheet total
€162.9m
2024 · €144.9m+€18.0m
Largest movements
Assets
- Receivables within one year +€17.4m
up €17.4m (+12.3%), from €140.9m to €158.3m
of which Trade receivables: +€17.4m
Equity and liabilities
- Short-term financial debts +€23.5m
up €23.5m (+24.7%), from €95.3m to €118.8m
- Trade debts -€3.2m
down €3.2m (-49.5%), from €6.5m to €3.3m
- Other debts -€2.1m
down €2.1m (-7.2%), from €29.6m to €27.5m
Income statement
- Turnover -€1.9m
down €1.9m (-3.3%), from €58.3m to €56.4m
- Financial charges +€1.4m
up €1.4m (+102%), from €1.4m to €2.8m
- Services and other goods -€1.3m
down €1.3m (-7.9%), from €17.0m to €15.6m
- Staff costs +€857,603
up €857,603 (+4.8%), from €18.0m to €18.8m
- Other operating income +€685,570
up €685,570 (+4.3%), from €15.8m to €16.5m
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.
Result 2024
€28.1m
Turnover
-€1.9m
Other operating income
+€685,570
Services and other goods
+€1.3m
Staff costs
-€857,603
Depreciation
+€36,203
Write-downs
-€2,939
Other operating charges
-€32,087
Financial income
-€9
Financial charges
-€1.4m
Taxes
+€576,766
Result 2025
€26.5m
raises the resultlowers the result
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.
From operations
+€3.7m
Investment
€0
Financing
-€2.9m
Cash 2024
€3.1m
From operations (derived)
+€3.7m
Net result for the year
+€26.5m
Receivables within one year
-€17.4m
Deferred charges and accrued income
+€147,775
Trade debts
-€3.2m
Tax, wage and social debts
-€446,403
Other debts
-€2.1m
Accrued charges and deferred income
+€209,570
Financing
-€2.9m
Short-term financial debts
+€23.5m
Contributions, distributions and other
-€26.5m
Cash 2025
€3.8m
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €144,913,458 | €162,879,262 | +€18.0m | +12.4% |
| Fixed assets | 21/28 | €0 | €0 | = | |
| Intangible fixed assets | 21 | €0 | €0 | = | |
| Plant, machinery and equipment | 23 | €0 | €0 | = | |
| Furniture and vehicles | 24 | €0 | €0 | = | |
| Current assets | 29/58 | €144,913,458 | €162,879,262 | +€18.0m | +12.4% |
| Amounts receivable within one year | 40/41 | €140,924,707 | €158,294,139 | +€17.4m | +12.3% |
| Trade receivables | 40 | €140,924,707 | €158,294,139 | +€17.4m | +12.3% |
| Other amounts receivable | 41 | €0 | €0 | = | |
| Cash at bank and in hand | 54/58 | €3,072,388 | €3,816,535 | +€744,147 | +24.2% |
| Deferred charges and accrued income | 490/1 | €916,363 | €768,588 | -€147,775 | -16.1% |
| Total equity and liabilities | 10/49 | €144,913,458 | €162,879,262 | +€18.0m | +12.4% |
| Equity | 10/15 | €9,880,657 | €9,880,657 | = | 0.0% |
| Contributions | 10/11 | €2,739,223 | €2,739,223 | = | 0.0% |
| Capital | 10 | €2,739,223 | €2,739,223 | = | 0.0% |
| Issued capital | 100 | €2,739,223 | €2,739,223 | = | 0.0% |
| Reserves | 13 | €7,141,434 | €7,141,434 | = | 0.0% |
| Non-distributable reserves | 130/1 | €273,922 | €273,922 | = | 0.0% |
| Legal reserve | 130 | €273,922 | €273,922 | = | 0.0% |
| Distributable reserves | 133 | €6,867,511 | €6,867,511 | = | 0.0% |
| Amounts payable | 17/49 | €135,032,801 | €152,998,605 | +€18.0m | +13.3% |
| Amounts payable within one year | 42/48 | €134,330,687 | €152,086,921 | +€17.8m | +13.2% |
| Financial debts | 43 | €95,275,257 | €118,812,872 | +€23.5m | +24.7% |
| Credit institutions | 430/8 | €95,275,257 | €118,812,872 | +€23.5m | +24.7% |
| Trade debts | 44 | €6,459,909 | €3,259,887 | -€3.2m | -49.5% |
| Suppliers | 440/4 | €6,459,909 | €3,259,887 | -€3.2m | -49.5% |
| Taxes, remuneration and social security | 45 | €3,010,199 | €2,563,795 | -€446,403 | -14.8% |
| Taxes | 450/3 | €454,744 | €67,428 | -€387,316 | -85.2% |
| Remuneration and social security | 454/9 | €2,555,455 | €2,496,367 | -€59,088 | -2.3% |
| Other amounts payable | 47/48 | €29,585,323 | €27,450,367 | -€2.1m | -7.2% |
| Accrued charges and deferred income | 492/3 | €702,114 | €911,684 | +€209,570 | +29.8% |
| Operating income | 70/76A | €74,167,689 | €72,904,183 | -€1.3m | -1.7% |
| Turnover | 70 | €58,327,713 | €56,378,638 | -€1.9m | -3.3% |
| Other operating income | 74 | €15,839,975 | €16,525,545 | +€685,570 | +4.3% |
| Operating charges | 60/66A | €35,100,326 | €34,624,888 | -€475,438 | -1.4% |
| Services and other goods | 61 | €16,961,966 | €15,630,102 | -€1.3m | -7.9% |
| Remuneration, social security and pensions | 62 | €17,986,304 | €18,843,907 | +€857,603 | +4.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €36,203 | €0 | -€36,203 | -100% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €13,842 | €16,781 | +€2,939 | +21.2% |
| Other operating charges | 640/8 | €102,011 | €134,098 | +€32,087 | +31.5% |
| Operating profit (loss) | 9901 | €39,067,363 | €38,279,294 | -€788,069 | -2.0% |
| Financial income | 75/76B | €25 | €16 | -€9 | -36.1% |
| Recurring financial income | 75 | €25 | €16 | -€9 | -36.1% |
| Income from current assets | 751 | €25 | €16 | -€9 | -36.1% |
| Financial charges | 65/66B | €1,401,077 | €2,836,299 | +€1.4m | +102% |
| Recurring financial charges | 65 | €1,401,077 | €2,836,299 | +€1.4m | +102% |
| Debt charges | 650 | €1,397,979 | €2,832,343 | +€1.4m | +103% |
| Other financial charges | 652/9 | €3,098 | €3,956 | +€858 | +27.7% |
| Profit (loss) for the period before taxes | 9903 | €37,666,311 | €35,443,010 | -€2.2m | -5.9% |
| Income taxes | 67/77 | €9,558,224 | €8,981,457 | -€576,766 | -6.0% |
| Taxes | 670/3 | €9,581,174 | €9,006,094 | -€575,079 | -6.0% |
| Tax adjustments and reversals of tax provisions | 77 | €22,950 | €24,637 | +€1,687 | +7.3% |
| Profit (loss) for the period | 9904 | €28,108,087 | €26,461,553 | -€1.6m | -5.9% |
| Profit (loss) for the period to be appropriated | 9905 | €28,108,087 | €26,461,553 | -€1.6m | -5.9% |
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 13 October 2026 via checked.be.