FIDUFA: 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.
FIDUFA
Largest movements
- Cash -€47,190
down €47,190 (-43.4%), from €108,751 to €61,561
mainly Trade debts (-€58,913) and Investment in fixed assets (net) (-€28,278)
- Financial fixed assets +€19,000
up €19,000 (+167.0%), from €11,380 to €30,380
- Receivables within one year -€15,933
down €15,933 (-5.0%), from €318,518 to €302,585
of which Trade receivables: -€20,295
- Stocks and contracts -€15,000
down €15,000 (-30.0%), from €50,000 to €35,000
- Tangible fixed assets -€9,941
down €9,941 (-20.3%), from €48,946 to €39,005
of which Furniture and vehicles: -€8,224
- Trade debts -€58,913
down €58,913 (-27.7%), from €212,607 to €153,694
- Debts after one year -€7,760
down €7,760 (-27.9%), from €27,798 to €20,038
- Tax, wage and social debts -€5,483
down €5,483 (-18.2%), from €30,119 to €24,637
of which Taxes: -€8,015
- Purchases and services -€453,148
no longer reported in 2025 (was €453,148)
- Gross operating margin +€38,274
up €38,274 (+17.7%), from €216,225 to €254,499
- Other operating charges +€16,365
up €16,365 (+823.1%), from €1,988 to €18,353
- Staff costs +€16,265
up €16,265 (+8.6%), from €189,115 to €205,380
- Depreciation +€4,559
up €4,559 (+31.1%), from €14,660 to €19,219
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 | €543,724 | €474,577 | -€69,147 | -12.7% |
| Fixed assets | 21/28 | €60,326 | €69,385 | +€9,059 | +15.0% |
| Tangible fixed assets | 22/27 | €48,946 | €39,005 | -€9,941 | -20.3% |
| Plant, machinery and equipment | 23 | €3,329 | €1,613 | -€1,717 | -51.6% |
| Furniture and vehicles | 24 | €45,617 | €37,393 | -€8,224 | -18.0% |
| Financial fixed assets | 28 | €11,380 | €30,380 | +€19,000 | +167.0% |
| Current assets | 29/58 | €483,397 | €405,192 | -€78,206 | -16.2% |
| Stocks and contracts in progress | 3 | €50,000 | €35,000 | -€15,000 | -30.0% |
| Stocks | 30/36 | €50,000 | €35,000 | -€15,000 | -30.0% |
| Amounts receivable within one year | 40/41 | €318,518 | €302,585 | -€15,933 | -5.0% |
| Trade receivables | 40 | €307,630 | €287,335 | -€20,295 | -6.6% |
| Other amounts receivable | 41 | €10,888 | €15,250 | +€4,362 | +40.1% |
| Cash at bank and in hand | 54/58 | €108,751 | €61,561 | -€47,190 | -43.4% |
| Deferred charges and accrued income | 490/1 | €6,129 | €6,046 | -€83 | -1.4% |
| Total equity and liabilities | 10/49 | €543,724 | €474,577 | -€69,147 | -12.7% |
| Equity | 10/15 | €261,793 | €266,372 | +€4,579 | +1.7% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €199,793 | €204,372 | +€4,579 | +2.3% |
| Tax-exempt reserves | 132 | €6,200 | €6,200 | = | 0.0% |
| Distributable reserves | 133 | €193,593 | €198,172 | +€4,579 | +2.4% |
| Amounts payable | 17/49 | €281,931 | €208,205 | -€73,726 | -26.2% |
| Amounts payable after more than one year | 17 | €27,798 | €20,038 | -€7,760 | -27.9% |
| Financial debts | 170/4 | €27,798 | €20,038 | -€7,760 | -27.9% |
| Amounts payable within one year | 42/48 | €254,132 | €188,167 | -€65,966 | -26.0% |
| Current portion of amounts payable after more than one year | 42 | €9,404 | €7,760 | -€1,644 | -17.5% |
| Trade debts | 44 | €212,607 | €153,694 | -€58,913 | -27.7% |
| Suppliers | 440/4 | €212,607 | €153,694 | -€58,913 | -27.7% |
| Taxes, remuneration and social security | 45 | €30,119 | €24,637 | -€5,483 | -18.2% |
| Taxes | 450/3 | €8,015 | - | -€8,015 | |
| Remuneration and social security | 454/9 | €22,105 | €24,637 | +€2,532 | +11.5% |
| Other amounts payable | 47/48 | €2,002 | €2,076 | +€74 | +3.7% |
| Goods, raw materials, services and sundry goods | 60/61 | €453,148 | - | -€453,148 | |
| Remuneration, social security and pensions | 62 | €189,115 | €205,380 | +€16,265 | +8.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,660 | €19,219 | +€4,559 | +31.1% |
| Other operating charges | 640/8 | €1,988 | €18,353 | +€16,365 | +823.1% |
| Gross operating margin | 9900 | €216,225 | €254,499 | +€38,274 | +17.7% |
| Operating profit (loss) | 9901 | €10,462 | €11,547 | +€1,085 | +10.4% |
| Financial income | 75/76B | €6,919 | €2,658 | -€4,261 | -61.6% |
| Recurring financial income | 75 | €1,440 | €2,658 | +€1,219 | +84.6% |
| Non-recurring financial income | 76B | €5,479 | - | -€5,479 | |
| Financial charges | 65/66B | €1,648 | €2,228 | +€579 | +35.1% |
| Recurring financial charges | 65 | €1,648 | €2,228 | +€579 | +35.1% |
| Profit (loss) for the period before taxes | 9903 | €15,733 | €11,978 | -€3,756 | -23.9% |
| Income taxes | 67/77 | €9,386 | €7,399 | -€1,987 | -21.2% |
| Profit (loss) for the period | 9904 | €6,347 | €4,579 | -€1,768 | -27.9% |
| Profit (loss) for the period to be appropriated | 9905 | €6,347 | €4,579 | -€1,768 | -27.9% |
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 1 October 2026 via checked.be.