FIDUNAM: 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.
What changed
FIDUNAM
NACE 69.201, Certified accountants and tax accountants
financial year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€81,936
2024 · €84,165-€2,229
Equity
€80,880
2024 · €80,944-€64
Cash
€69,339
2024 · €60,140+€9,198
Balance sheet total
€314,842
2024 · €324,661-€9,818
Largest movements
Assets
- Tangible fixed assets -€19,581
down €19,581 (-11.4%), from €171,523 to €151,942
of which Land and buildings: -€20,037
- Cash +€9,198
up €9,198 (+15.3%), from €60,140 to €69,339
mainly Net result for the year (+€81,936) and Depreciation (+€23,081)
Equity and liabilities
- Debts after one year -€17,919
down €17,919 (-16.2%), from €110,431 to €92,512
- Trade debts +€9,527
up €9,527 (+213.9%), from €4,454 to €13,981
Income statement
- Gross operating margin -€4,791
down €4,791 (-2.3%), from €212,709 to €207,918
- Depreciation -€2,866
down €2,866 (-11.0%), from €25,946 to €23,081
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.
Result 2024
€84,165
Gross operating margin
-€4,791
Staff costs
-€889
Depreciation
+€2,866
Other operating charges
-€92
Other operating items
+€163
Financial income
-€189
Financial charges
+€1,011
Taxes
-€308
Result 2025
€81,936
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.
From operations
+€111,818
Investment
-€3,500
Financing
-€99,119
Cash 2024
€60,140
From operations (derived)
+€111,818
Net result for the year
+€81,936
Depreciation
+€23,081
Receivables within one year
-€1,144
Deferred charges and accrued income
+€580
Trade debts
+€9,527
Tax, wage and social debts
+€1,047
Other debts
-€3,149
Accrued charges and deferred income
-€60
Investment (derived)
-€3,500
Investment in fixed assets (net)
-€3,500
Financing
-€99,119
Debts after one year
-€17,919
Current portion of long-term debt
+€799
Contributions, distributions and other
-€82,000
Cash 2025
€69,339
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €324,661 | €314,842 | -€9,818 | -3.0% |
| Fixed assets | 21/28 | €171,523 | €151,942 | -€19,581 | -11.4% |
| Tangible fixed assets | 22/27 | €171,523 | €151,942 | -€19,581 | -11.4% |
| Land and buildings | 22 | €165,991 | €145,953 | -€20,037 | -12.1% |
| Plant, machinery and equipment | 23 | €714 | €506 | -€208 | -29.1% |
| Furniture and vehicles | 24 | €4,818 | €5,483 | +€665 | +13.8% |
| Current assets | 29/58 | €153,138 | €162,900 | +€9,762 | +6.4% |
| Amounts receivable within one year | 40/41 | €52,641 | €53,785 | +€1,144 | +2.2% |
| Trade receivables | 40 | €52,391 | €53,535 | +€1,144 | +2.2% |
| Other amounts receivable | 41 | €250 | €250 | = | 0.0% |
| Current investments | 50/53 | €30,000 | €30,000 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €60,140 | €69,339 | +€9,198 | +15.3% |
| Deferred charges and accrued income | 490/1 | €10,357 | €9,777 | -€580 | -5.6% |
| Total equity and liabilities | 10/49 | €324,661 | €314,842 | -€9,818 | -3.0% |
| Equity | 10/15 | €80,944 | €80,880 | -€64 | -0.1% |
| Contributions | 10/11 | €30,000 | €30,000 | = | 0.0% |
| Reserves | 13 | €50,000 | €50,000 | = | 0.0% |
| Distributable reserves | 133 | €50,000 | €50,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €944 | €880 | -€64 | -6.8% |
| Amounts payable | 17/49 | €243,717 | €233,963 | -€9,754 | -4.0% |
| Amounts payable after more than one year | 17 | €110,431 | €92,512 | -€17,919 | -16.2% |
| Financial debts | 170/4 | €110,431 | €92,512 | -€17,919 | -16.2% |
| Amounts payable within one year | 42/48 | €132,833 | €141,057 | +€8,224 | +6.2% |
| Current portion of amounts payable after more than one year | 42 | €18,579 | €19,378 | +€799 | +4.3% |
| Trade debts | 44 | €4,454 | €13,981 | +€9,527 | +213.9% |
| Suppliers | 440/4 | €4,454 | €13,981 | +€9,527 | +213.9% |
| Taxes, remuneration and social security | 45 | €24,651 | €25,698 | +€1,047 | +4.2% |
| Taxes | 450/3 | €15,118 | €15,887 | +€770 | +5.1% |
| Remuneration and social security | 454/9 | €9,534 | €9,811 | +€277 | +2.9% |
| Other amounts payable | 47/48 | €85,149 | €82,000 | -€3,149 | -3.7% |
| Accrued charges and deferred income | 492/3 | €454 | €393 | -€60 | -13.3% |
| Remuneration, social security and pensions | 62 | €76,110 | €76,998 | +€889 | +1.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €25,946 | €23,081 | -€2,866 | -11.0% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€88 | -€88 | = | 0.0% |
| Other operating charges | 640/8 | €2,629 | €2,720 | +€92 | +3.5% |
| Non-recurring operating charges | 66A | €163 | - | -€163 | |
| Gross operating margin | 9900 | €212,709 | €207,918 | -€4,791 | -2.3% |
| Operating profit (loss) | 9901 | €107,950 | €105,207 | -€2,743 | -2.5% |
| Financial income | 75/76B | €600 | €411 | -€189 | -31.5% |
| Recurring financial income | 75 | €600 | €411 | -€189 | -31.5% |
| Financial charges | 65/66B | €6,536 | €5,525 | -€1,011 | -15.5% |
| Recurring financial charges | 65 | €6,536 | €5,525 | -€1,011 | -15.5% |
| Profit (loss) for the period before taxes | 9903 | €102,014 | €100,093 | -€1,921 | -1.9% |
| Income taxes | 67/77 | €17,849 | €18,157 | +€308 | +1.7% |
| Profit (loss) for the period | 9904 | €84,165 | €81,936 | -€2,229 | -2.6% |
| Profit (loss) for the period to be appropriated | 9905 | €84,165 | €81,936 | -€2,229 | -2.6% |
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 11 October 2026 via checked.be.