FIDUCY: 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.
FIDUCY
Largest movements
- Cash +€67,774
up €67,774 (+79.2%), from €85,557 to €153,330
mainly Net result for the year (+€66,501) and Depreciation (+€7,157)
- Tangible fixed assets -€5,597
down €5,597 (-68.7%), from €8,141 to €2,544
of which Leasing and similar rights: -€4,030
- Profit (loss) carried forward +€66,501
up €66,501 (+164.2%), from €40,509 to €107,011
- Other debts +€4,280
up €4,280 (+1274.1%), from €336 to €4,616
- Trade debts -€4,059
down €4,059 (-61.1%), from €6,644 to €2,585
- Debts after one year -€2,706
down €2,706 (-64.4%), from €4,200 to €1,495
- Tax, wage and social debts +€2,009
up €2,009 (+9.0%), from €22,445 to €24,454
of which Taxes: +€3,143
- Gross operating margin +€30,664
up €30,664 (+35.9%), from €85,428 to €116,092
- Taxes +€7,973
up €7,973 (+150.4%), from €5,300 to €13,273
- Staff costs -€1,842
down €1,842 (-5.9%), from €31,311 to €29,468
- Financial income +€1,374
up €1,374 (+1853.4%), from €74 to €1,449
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 | €105,879 | €169,944 | +€64,064 | +60.5% |
| Fixed assets | 21/28 | €8,141 | €2,544 | -€5,597 | -68.7% |
| Tangible fixed assets | 22/27 | €8,141 | €2,544 | -€5,597 | -68.7% |
| Furniture and vehicles | 24 | €1,069 | €1,436 | +€367 | +34.3% |
| Leasing and similar rights | 25 | €4,494 | €464 | -€4,030 | -89.7% |
| Other tangible fixed assets | 26 | €2,578 | €644 | -€1,933 | -75.0% |
| Current assets | 29/58 | €97,738 | €167,399 | +€69,661 | +71.3% |
| Amounts receivable within one year | 40/41 | €8,710 | €9,076 | +€367 | +4.2% |
| Trade receivables | 40 | €8,710 | €8,710 | +€1 | 0.0% |
| Other amounts receivable | 41 | - | €366 | +€366 | |
| Cash at bank and in hand | 54/58 | €85,557 | €153,330 | +€67,774 | +79.2% |
| Deferred charges and accrued income | 490/1 | €3,472 | €4,993 | +€1,521 | +43.8% |
| Total equity and liabilities | 10/49 | €105,879 | €169,944 | +€64,064 | +60.5% |
| Equity | 10/15 | €67,587 | €134,089 | +€66,501 | +98.4% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Reserves | 13 | €25,078 | €25,078 | = | 0.0% |
| Distributable reserves | 133 | €25,078 | €25,078 | = | 0.0% |
| Profit (loss) carried forward | 14 | €40,509 | €107,011 | +€66,501 | +164.2% |
| Amounts payable | 17/49 | €38,292 | €35,855 | -€2,437 | -6.4% |
| Amounts payable after more than one year | 17 | €4,200 | €1,495 | -€2,706 | -64.4% |
| Financial debts | 170/4 | €4,200 | €1,495 | -€2,706 | -64.4% |
| Amounts payable within one year | 42/48 | €32,131 | €34,360 | +€2,229 | +6.9% |
| Current portion of amounts payable after more than one year | 42 | €2,706 | €2,706 | = | 0.0% |
| Trade debts | 44 | €6,644 | €2,585 | -€4,059 | -61.1% |
| Suppliers | 440/4 | €6,644 | €2,585 | -€4,059 | -61.1% |
| Taxes, remuneration and social security | 45 | €22,445 | €24,454 | +€2,009 | +9.0% |
| Taxes | 450/3 | €15,828 | €18,971 | +€3,143 | +19.9% |
| Remuneration and social security | 454/9 | €6,617 | €5,483 | -€1,134 | -17.1% |
| Other amounts payable | 47/48 | €336 | €4,616 | +€4,280 | +1274.1% |
| Accrued charges and deferred income | 492/3 | €1,961 | - | -€1,961 | |
| Remuneration, social security and pensions | 62 | €31,311 | €29,468 | -€1,842 | -5.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,859 | €7,157 | +€297 | +4.3% |
| Other operating charges | 640/8 | €1,404 | €802 | -€602 | -42.8% |
| Gross operating margin | 9900 | €85,428 | €116,092 | +€30,664 | +35.9% |
| Operating profit (loss) | 9901 | €45,855 | €78,665 | +€32,810 | +71.6% |
| Financial income | 75/76B | €74 | €1,449 | +€1,374 | +1853.4% |
| Recurring financial income | 75 | €74 | €1,449 | +€1,374 | +1853.4% |
| Financial charges | 65/66B | €120 | €339 | +€219 | +183.4% |
| Recurring financial charges | 65 | €120 | €339 | +€219 | +183.4% |
| Profit (loss) for the period before taxes | 9903 | €45,809 | €79,774 | +€33,965 | +74.1% |
| Income taxes | 67/77 | €5,300 | €13,273 | +€7,973 | +150.4% |
| Profit (loss) for the period | 9904 | €40,509 | €66,501 | +€25,992 | +64.2% |
| Profit (loss) for the period to be appropriated | 9905 | €40,509 | €66,501 | +€25,992 | +64.2% |
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.