FIDULUX: 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.
FIDULUX
Largest movements
- Tangible fixed assets -€178,060
down €178,060 (-96.3%), from €184,974 to €6,914
of which Land and buildings: -€131,022
- Cash +€36,838
up €36,838 (+67.6%), from €54,492 to €91,330
- Receivables within one year +€22,409
up €22,409 (+21.9%), from €102,487 to €124,896
of which Trade receivables: +€30,734
- Debts after one year -€134,755
down €134,755 (-100.0%), from €134,755 to €0
- Other debts +€40,490
up €40,490 (+358.1%), from €11,306 to €51,796
- Current portion of long-term debt -€30,064
down €30,064 (-94.1%), from €31,935 to €1,871
- Tax, wage and social debts +€10,869
up €10,869 (+17.2%), from €63,249 to €74,118
of which Taxes: +€11,812
- Reserves -€8,410
down €8,410 (-15.8%), from €53,289 to €44,879
of which Distributable reserves: -€8,306
- Gross operating margin +€178,688
up €178,688 (+58.9%), from €303,162 to €481,850
- Staff costs +€154,529
up €154,529 (+68.8%), from €224,526 to €379,055
- Depreciation -€32,839
down €32,839 (-90.0%), from €36,481 to €3,641
- Financial charges +€15,277
up €15,277 (+230.6%), from €6,626 to €21,903
- Taxes +€11,931
up €11,931 (+99.3%), from €12,010 to €23,941
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
A cash bridge needs two consecutive fiscal years: one year's result and depreciation cannot explain a change over several years. Pick two years that follow each other.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €355,553 | €233,555 | -€121,998 | -34.3% |
| Fixed assets | 21/28 | €184,974 | €6,914 | -€178,060 | -96.3% |
| Tangible fixed assets | 22/27 | €184,974 | €6,914 | -€178,060 | -96.3% |
| Land and buildings | 22 | €131,022 | €0 | -€131,022 | -100.0% |
| Plant, machinery and equipment | 23 | €2,999 | €1,299 | -€1,700 | -56.7% |
| Furniture and vehicles | 24 | €17,855 | €288 | -€17,568 | -98.4% |
| Leasing and similar rights | 25 | €26,232 | €0 | -€26,232 | -100.0% |
| Other tangible fixed assets | 26 | €6,866 | €5,327 | -€1,538 | -22.4% |
| Current assets | 29/58 | €170,579 | €226,641 | +€56,062 | +32.9% |
| Amounts receivable within one year | 40/41 | €102,487 | €124,896 | +€22,409 | +21.9% |
| Trade receivables | 40 | €93,811 | €124,545 | +€30,734 | +32.8% |
| Other amounts receivable | 41 | €8,677 | €352 | -€8,325 | -95.9% |
| Cash at bank and in hand | 54/58 | €54,492 | €91,330 | +€36,838 | +67.6% |
| Deferred charges and accrued income | 490/1 | €13,600 | €10,415 | -€3,185 | -23.4% |
| Total equity and liabilities | 10/49 | €355,553 | €233,555 | -€121,998 | -34.3% |
| Equity | 10/15 | €63,339 | €54,405 | -€8,934 | -14.1% |
| Contributions | 10/11 | €10,050 | €9,526 | -€524 | -5.2% |
| Reserves | 13 | €53,289 | €44,879 | -€8,410 | -15.8% |
| Non-distributable reserves | 130/1 | €2,000 | €1,896 | -€104 | -5.2% |
| Reserves not available under the articles | 1311 | €2,000 | €1,896 | -€104 | -5.2% |
| Distributable reserves | 133 | €51,289 | €42,983 | -€8,306 | -16.2% |
| Profit (loss) carried forward | 14 | €0 | - | = | |
| Amounts payable | 17/49 | €292,214 | €179,150 | -€113,064 | -38.7% |
| Amounts payable after more than one year | 17 | €134,755 | €0 | -€134,755 | -100.0% |
| Financial debts | 170/4 | €134,755 | €0 | -€134,755 | -100.0% |
| Amounts payable within one year | 42/48 | €155,177 | €177,020 | +€21,843 | +14.1% |
| Current portion of amounts payable after more than one year | 42 | €31,935 | €1,871 | -€30,064 | -94.1% |
| Financial debts | 43 | €33,434 | €37,354 | +€3,920 | +11.7% |
| Credit institutions | 430/8 | €33,434 | €37,354 | +€3,920 | +11.7% |
| Trade debts | 44 | €15,254 | €11,881 | -€3,372 | -22.1% |
| Suppliers | 440/4 | €15,254 | €11,881 | -€3,372 | -22.1% |
| Taxes, remuneration and social security | 45 | €63,249 | €74,118 | +€10,869 | +17.2% |
| Taxes | 450/3 | €36,536 | €48,348 | +€11,812 | +32.3% |
| Remuneration and social security | 454/9 | €26,713 | €25,770 | -€943 | -3.5% |
| Other amounts payable | 47/48 | €11,306 | €51,796 | +€40,490 | +358.1% |
| Accrued charges and deferred income | 492/3 | €2,282 | €2,130 | -€152 | -6.6% |
| Remuneration, social security and pensions | 62 | €224,526 | €379,055 | +€154,529 | +68.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €36,481 | €3,641 | -€32,839 | -90.0% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €2,502 | -€2,203 | -€4,705 | |
| Other operating charges | 640/8 | €13,697 | €19,081 | +€5,384 | +39.3% |
| Gross operating margin | 9900 | €303,162 | €481,850 | +€178,688 | +58.9% |
| Operating profit (loss) | 9901 | €25,957 | €82,276 | +€56,319 | +217.0% |
| Financial income | 75/76B | €874 | €1,753 | +€879 | +100.6% |
| Recurring financial income | 75 | €874 | €1,753 | +€879 | +100.6% |
| Financial charges | 65/66B | €6,626 | €21,903 | +€15,277 | +230.6% |
| Recurring financial charges | 65 | €6,626 | €21,903 | +€15,277 | +230.6% |
| Profit (loss) for the period before taxes | 9903 | €20,204 | €62,126 | +€41,921 | +207.5% |
| Income taxes | 67/77 | €12,010 | €23,941 | +€11,931 | +99.3% |
| Profit (loss) for the period | 9904 | €8,195 | €38,185 | +€29,990 | +366.0% |
| Profit (loss) for the period to be appropriated | 9905 | €8,195 | €38,185 | +€29,990 | +366.0% |
Source: filed annual accounts (NBB), fiscal years ended 31 March 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.