FIDULAHAYE: 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.
FIDULAHAYE
Largest movements
- Receivables within one year +€38,337
up €38,337 (+23.2%), from €165,197 to €203,534
of which Other amounts receivable: +€71,404
- Tangible fixed assets +€7,930
up €7,930 (+118%), from €6,734 to €14,664
of which Furniture and vehicles: +€8,105
- Cash -€6,620
down €6,620 (-17.5%), from €37,761 to €31,141
mainly Receivables within one year (-€38,337) and Investment in fixed assets (net) (-€16,219)
- Deferred charges and accrued income +€3,577
up €3,577 (+82.3%), from €4,348 to €7,926
- Profit (loss) carried forward +€56,174
up €56,174 (+77.0%), from €72,924 to €129,098
- Debts after one year -€15,973
down €15,973 (-74.0%), from €21,585 to €5,612
- Trade debts -€8,659
down €8,659 (-44.2%), from €19,593 to €10,934
- Current portion of long-term debt +€7,774
up €7,774 (+47.2%), from €16,487 to €24,261
- Other debts +€5,000
new in 2025: €5,000
- Staff costs +€17,159
up €17,159 (+15.9%), from €108,100 to €125,259
- Gross operating margin +€16,512
up €16,512 (+8.2%), from €200,874 to €217,386
- Other operating charges +€9,623
up €9,623 (+536%), from €1,797 to €11,420
- Depreciation +€3,746
up €3,746 (+82.5%), from €4,542 to €8,289
- Financial income +€3,498
up €3,498 (+174%), from €2,010 to €5,508
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €216,714 | €259,938 | +€43,224 | +19.9% |
| Fixed assets | 21/28 | €9,407 | €17,337 | +€7,930 | +84.3% |
| Tangible fixed assets | 22/27 | €6,734 | €14,664 | +€7,930 | +118% |
| Furniture and vehicles | 24 | €6,558 | €14,664 | +€8,105 | +124% |
| Other tangible fixed assets | 26 | €176 | - | -€176 | |
| Financial fixed assets | 28 | €2,673 | €2,673 | = | 0.0% |
| Current assets | 29/58 | €207,307 | €242,601 | +€35,294 | +17.0% |
| Amounts receivable within one year | 40/41 | €165,197 | €203,534 | +€38,337 | +23.2% |
| Trade receivables | 40 | €100,731 | €67,664 | -€33,067 | -32.8% |
| Other amounts receivable | 41 | €64,466 | €135,870 | +€71,404 | +111% |
| Cash at bank and in hand | 54/58 | €37,761 | €31,141 | -€6,620 | -17.5% |
| Deferred charges and accrued income | 490/1 | €4,348 | €7,926 | +€3,577 | +82.3% |
| Total equity and liabilities | 10/49 | €216,714 | €259,938 | +€43,224 | +19.9% |
| Equity | 10/15 | €93,384 | €149,558 | +€56,174 | +60.2% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €72,924 | €129,098 | +€56,174 | +77.0% |
| Amounts payable | 17/49 | €123,330 | €110,380 | -€12,950 | -10.5% |
| Amounts payable after more than one year | 17 | €21,585 | €5,612 | -€15,973 | -74.0% |
| Financial debts | 170/4 | €21,585 | €5,612 | -€15,973 | -74.0% |
| Amounts payable within one year | 42/48 | €99,309 | €101,039 | +€1,731 | +1.7% |
| Current portion of amounts payable after more than one year | 42 | €16,487 | €24,261 | +€7,774 | +47.2% |
| Financial debts | 43 | €15,000 | €15,000 | = | 0.0% |
| Credit institutions | 430/8 | €15,000 | €15,000 | = | 0.0% |
| Trade debts | 44 | €19,593 | €10,934 | -€8,659 | -44.2% |
| Suppliers | 440/4 | €19,593 | €10,934 | -€8,659 | -44.2% |
| Taxes, remuneration and social security | 45 | €48,228 | €45,844 | -€2,385 | -4.9% |
| Taxes | 450/3 | €36,757 | €29,812 | -€6,944 | -18.9% |
| Remuneration and social security | 454/9 | €11,472 | €16,032 | +€4,560 | +39.7% |
| Other amounts payable | 47/48 | - | €5,000 | +€5,000 | |
| Accrued charges and deferred income | 492/3 | €2,436 | €3,729 | +€1,293 | +53.1% |
| Remuneration, social security and pensions | 62 | €108,100 | €125,259 | +€17,159 | +15.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,542 | €8,289 | +€3,746 | +82.5% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €1,985 | +€1,985 | |
| Other operating charges | 640/8 | €1,797 | €11,420 | +€9,623 | +536% |
| Gross operating margin | 9900 | €200,874 | €217,386 | +€16,512 | +8.2% |
| Operating profit (loss) | 9901 | €86,434 | €70,433 | -€16,001 | -18.5% |
| Financial income | 75/76B | €2,010 | €5,508 | +€3,498 | +174% |
| Recurring financial income | 75 | €2,010 | €5,508 | +€3,498 | +174% |
| Financial charges | 65/66B | €3,252 | €5,056 | +€1,804 | +55.5% |
| Recurring financial charges | 65 | €3,252 | €5,056 | +€1,804 | +55.5% |
| Profit (loss) for the period before taxes | 9903 | €85,192 | €70,885 | -€14,307 | -16.8% |
| Income taxes | 67/77 | €17,413 | €14,711 | -€2,702 | -15.5% |
| Profit (loss) for the period | 9904 | €67,779 | €56,174 | -€11,605 | -17.1% |
| Profit (loss) for the period to be appropriated | 9905 | €67,779 | €56,174 | -€11,605 | -17.1% |
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 24 October 2026 via checked.be.