FIDUNET: 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.
FIDUNET
Largest movements
- Receivables within one year +€109,471
up €109,471 (+21.1%), from €518,037 to €627,508
of which Other amounts receivable: +€124,425
- Tangible fixed assets -€30,512
down €30,512 (-6.2%), from €494,412 to €463,900
of which Land and buildings: -€26,434
- Reserves +€126,473
up €126,473 (+23.1%), from €548,155 to €674,628
of which Distributable reserves: +€84,373
- Debts after one year -€35,818
down €35,818 (-32.2%), from €111,320 to €75,502
- Gross operating margin +€66,258
up €66,258 (+43.3%), from €152,864 to €219,122
- Taxes +€18,331
up €18,331 (+52.3%), from €35,066 to €53,397
- Financial income +€12,913
up €12,913 (+262.6%), from €4,917 to €17,830
of which Financial income: +€14,094
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 | €1,078,568 | €1,167,163 | +€88,595 | +8.2% |
| Fixed assets | 21/28 | €494,412 | €463,900 | -€30,512 | -6.2% |
| Tangible fixed assets | 22/27 | €494,412 | €463,900 | -€30,512 | -6.2% |
| Land and buildings | 22 | €409,723 | €383,289 | -€26,434 | -6.5% |
| Plant, machinery and equipment | 23 | €58,263 | €56,340 | -€1,923 | -3.3% |
| Furniture and vehicles | 24 | €26,426 | €24,271 | -€2,155 | -8.2% |
| Current assets | 29/58 | €584,156 | €703,263 | +€119,107 | +20.4% |
| Amounts receivable within one year | 40/41 | €518,037 | €627,508 | +€109,471 | +21.1% |
| Trade receivables | 40 | €106,297 | €91,343 | -€14,954 | -14.1% |
| Other amounts receivable | 41 | €411,740 | €536,165 | +€124,425 | +30.2% |
| Cash at bank and in hand | 54/58 | €65,332 | €71,822 | +€6,490 | +9.9% |
| Deferred charges and accrued income | 490/1 | €787 | €3,933 | +€3,146 | +399.7% |
| Total equity and liabilities | 10/49 | €1,078,568 | €1,167,163 | +€88,595 | +8.2% |
| Equity | 10/15 | €911,440 | €1,037,913 | +€126,473 | +13.9% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €548,155 | €674,628 | +€126,473 | +23.1% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Tax-exempt reserves | 132 | €126,300 | €168,400 | +€42,100 | +33.3% |
| Distributable reserves | 133 | €419,995 | €504,368 | +€84,373 | +20.1% |
| Profit (loss) carried forward | 14 | €357,085 | €357,085 | = | 0.0% |
| Amounts payable | 17/49 | €167,128 | €129,250 | -€37,878 | -22.7% |
| Amounts payable after more than one year | 17 | €111,320 | €75,502 | -€35,818 | -32.2% |
| Financial debts | 170/4 | €111,320 | €75,502 | -€35,818 | -32.2% |
| Amounts payable within one year | 42/48 | €55,808 | €53,748 | -€2,060 | -3.7% |
| Current portion of amounts payable after more than one year | 42 | €36,570 | €35,818 | -€752 | -2.1% |
| Trade debts | 44 | €8,804 | €710 | -€8,094 | -91.9% |
| Suppliers | 440/4 | €8,804 | €710 | -€8,094 | -91.9% |
| Advances received on contracts in progress | 46 | €3,565 | - | -€3,565 | |
| Taxes, remuneration and social security | 45 | €6,869 | €7,220 | +€351 | +5.1% |
| Taxes | 450/3 | €6,869 | €7,220 | +€351 | +5.1% |
| Other amounts payable | 47/48 | - | €10,000 | +€10,000 | |
| Remuneration, social security and pensions | 62 | €4,136 | €2,055 | -€2,081 | -50.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €44,928 | €45,441 | +€513 | +1.1% |
| Other operating charges | 640/8 | €4,613 | €4,815 | +€202 | +4.4% |
| Non-recurring operating charges | 66A | - | €3,500 | +€3,500 | |
| Gross operating margin | 9900 | €152,864 | €219,122 | +€66,258 | +43.3% |
| Operating profit (loss) | 9901 | €99,187 | €163,311 | +€64,124 | +64.6% |
| Financial income | 75/76B | €4,917 | €17,830 | +€12,913 | +262.6% |
| Recurring financial income | 75 | €2,966 | €17,060 | +€14,094 | +475.2% |
| Non-recurring financial income | 76B | €1,951 | €770 | -€1,181 | -60.5% |
| Financial charges | 65/66B | €1,467 | €1,271 | -€196 | -13.4% |
| Recurring financial charges | 65 | €1,467 | €1,271 | -€196 | -13.4% |
| Profit (loss) for the period before taxes | 9903 | €102,637 | €179,870 | +€77,233 | +75.2% |
| Income taxes | 67/77 | €35,066 | €53,397 | +€18,331 | +52.3% |
| Profit (loss) for the period | 9904 | €67,571 | €126,473 | +€58,902 | +87.2% |
| Transfer from tax-exempt reserves | 789 | €42,100 | - | -€42,100 | |
| Transfer to tax-exempt reserves | 689 | - | €42,100 | +€42,100 | |
| Profit (loss) for the period to be appropriated | 9905 | €109,671 | €84,373 | -€25,298 | -23.1% |
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 5 October 2026 via checked.be.