FIDUDEP: 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.
FIDUDEP
Largest movements
- Receivables within one year -€33,159
down €33,159 (-7.8%), from €427,234 to €394,075
of which Trade receivables: -€78,128
- Tangible fixed assets -€24,654
down €24,654 (-9.3%), from €265,862 to €241,208
of which Other tangible fixed assets: -€15,002
- Tax, wage and social debts -€52,976
down €52,976 (-39.9%), from €132,758 to €79,782
of which Taxes: -€46,945
- Debts after one year -€40,273
down €40,273 (-14.9%), from €271,014 to €230,741
- Profit (loss) carried forward +€38,442
up €38,442 (+11.5%), from €334,635 to €373,077
- Reserves +€19,060
up €19,060 (+7.1%), from €267,563 to €286,623
of which Distributable reserves: +€20,000
- Trade debts -€16,429
down €16,429 (-27.9%), from €58,978 to €42,549
- Gross operating margin +€37,910
up €37,910 (+13.1%), from €289,570 to €327,479
- Taxes -€22,960
down €22,960 (-39.5%), from €58,120 to €35,160
- Write-downs +€20,619
new in 2025: €20,619
- Other operating charges -€5,535
down €5,535 (-68.7%), from €8,054 to €2,519
- Staff costs -€4,418
down €4,418 (-3.2%), from €139,669 to €135,251
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 | €1,154,819 | €1,102,568 | -€52,251 | -4.5% |
| Formation expenses | 20 | €0 | €0 | = | |
| Fixed assets | 21/28 | €555,370 | €530,716 | -€24,654 | -4.4% |
| Intangible fixed assets | 21 | €0 | €0 | = | |
| Tangible fixed assets | 22/27 | €265,862 | €241,208 | -€24,654 | -9.3% |
| Land and buildings | 22 | €161,213 | €154,853 | -€6,360 | -3.9% |
| Furniture and vehicles | 24 | €23,055 | €19,763 | -€3,292 | -14.3% |
| Other tangible fixed assets | 26 | €81,593 | €66,592 | -€15,002 | -18.4% |
| Financial fixed assets | 28 | €289,509 | €289,509 | = | 0.0% |
| Current assets | 29/58 | €599,448 | €571,852 | -€27,596 | -4.6% |
| Amounts receivable within one year | 40/41 | €427,234 | €394,075 | -€33,159 | -7.8% |
| Trade receivables | 40 | €352,750 | €274,622 | -€78,128 | -22.1% |
| Other amounts receivable | 41 | €74,484 | €119,453 | +€44,969 | +60.4% |
| Cash at bank and in hand | 54/58 | €171,756 | €177,007 | +€5,251 | +3.1% |
| Deferred charges and accrued income | 490/1 | €458 | €771 | +€312 | +68.2% |
| Total equity and liabilities | 10/49 | €1,154,819 | €1,102,568 | -€52,251 | -4.5% |
| Equity | 10/15 | €620,790 | €678,292 | +€57,502 | +9.3% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €267,563 | €286,623 | +€19,060 | +7.1% |
| Non-distributable reserves | 130/1 | €1,859 | €1,859 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,859 | €1,859 | = | 0.0% |
| Tax-exempt reserves | 132 | €60,393 | €59,453 | -€940 | -1.6% |
| Distributable reserves | 133 | €205,311 | €225,311 | +€20,000 | +9.7% |
| Profit (loss) carried forward | 14 | €334,635 | €373,077 | +€38,442 | +11.5% |
| Provisions and deferred taxes | 16 | €15,131 | €14,818 | -€313 | -2.1% |
| Deferred taxes | 168 | €15,131 | €14,818 | -€313 | -2.1% |
| Amounts payable | 17/49 | €518,898 | €409,459 | -€109,439 | -21.1% |
| Amounts payable after more than one year | 17 | €271,014 | €230,741 | -€40,273 | -14.9% |
| Financial debts | 170/4 | €271,014 | €230,741 | -€40,273 | -14.9% |
| Amounts payable within one year | 42/48 | €247,608 | €174,071 | -€73,537 | -29.7% |
| Current portion of amounts payable after more than one year | 42 | €49,244 | €41,989 | -€7,255 | -14.7% |
| Financial debts | 43 | €0 | - | = | |
| Other loans | 439 | €0 | - | = | |
| Trade debts | 44 | €58,978 | €42,549 | -€16,429 | -27.9% |
| Suppliers | 440/4 | €58,978 | €42,549 | -€16,429 | -27.9% |
| Taxes, remuneration and social security | 45 | €132,758 | €79,782 | -€52,976 | -39.9% |
| Taxes | 450/3 | €117,986 | €71,042 | -€46,945 | -39.8% |
| Remuneration and social security | 454/9 | €14,771 | €8,740 | -€6,031 | -40.8% |
| Other amounts payable | 47/48 | €6,629 | €9,751 | +€3,122 | +47.1% |
| Accrued charges and deferred income | 492/3 | €275 | €4,647 | +€4,371 | +1588.7% |
| Non-recurring operating income | 76A | €841 | €870 | +€29 | +3.4% |
| Remuneration, social security and pensions | 62 | €139,669 | €135,251 | -€4,418 | -3.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €30,432 | €30,903 | +€471 | +1.5% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €20,619 | +€20,619 | |
| Other operating charges | 640/8 | €8,054 | €2,519 | -€5,535 | -68.7% |
| Non-recurring operating charges | 66A | €314 | €294 | -€19 | -6.2% |
| Gross operating margin | 9900 | €289,570 | €327,479 | +€37,910 | +13.1% |
| Operating profit (loss) | 9901 | €111,100 | €137,894 | +€26,793 | +24.1% |
| Financial income | 75/76B | €3,481 | €397 | -€3,084 | -88.6% |
| Recurring financial income | 75 | €3,481 | €397 | -€3,084 | -88.6% |
| Financial charges | 65/66B | €8,572 | €6,142 | -€2,430 | -28.4% |
| Recurring financial charges | 65 | €8,572 | €6,142 | -€2,430 | -28.4% |
| Profit (loss) for the period before taxes | 9903 | €106,009 | €132,148 | +€26,139 | +24.7% |
| Transfer from deferred taxes | 780 | €169 | €313 | +€145 | +85.6% |
| Income taxes | 67/77 | €58,120 | €35,160 | -€22,960 | -39.5% |
| Profit (loss) for the period | 9904 | €48,057 | €97,301 | +€49,244 | +102.5% |
| Transfer from tax-exempt reserves | 789 | €507 | €940 | +€434 | +85.6% |
| Profit (loss) for the period to be appropriated | 9905 | €48,564 | €98,242 | +€49,678 | +102.3% |
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 6 October 2026 via checked.be.