FIDUSART: 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.
FIDUSART
Largest movements
- Current investments +€37,252
up €37,252 (+30.8%), from €120,982 to €158,234
- Receivables within one year +€23,948
up €23,948 (+98.5%), from €24,320 to €48,268
of which Other amounts receivable: +€15,320
- Deferred charges and accrued income +€3,698
up €3,698 (+83.9%), from €4,406 to €8,104
- Other debts +€43,495
up €43,495 (+820%), from €5,307 to €48,802
- Reserves +€10,115
up €10,115 (+5.1%), from €197,633 to €207,749
- Trade debts +€4,851
up €4,851 (+87.7%), from €5,531 to €10,381
- Tax, wage and social debts +€4,660
up €4,660 (+36.9%), from €12,614 to €17,274
of which Taxes: +€2,885
- Gross operating margin +€31,994
up €31,994 (+35.5%), from €90,010 to €122,004
- Staff costs +€21,584
up €21,584 (+336%), from €6,420 to €28,004
- Taxes +€3,655
up €3,655 (+14.6%), from €25,071 to €28,726
- Financial charges +€1,699
up €1,699 (+1,595%), from €107 to €1,805
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 | €221,085 | €284,206 | +€63,121 | +28.6% |
| Fixed assets | 21/28 | €14,782 | €12,359 | -€2,423 | -16.4% |
| Intangible fixed assets | 21 | €695 | €372 | -€323 | -46.5% |
| Tangible fixed assets | 22/27 | €12,687 | €10,587 | -€2,100 | -16.5% |
| Furniture and vehicles | 24 | €7,697 | €4,147 | -€3,550 | -46.1% |
| Other tangible fixed assets | 26 | €4,990 | €4,217 | -€773 | -15.5% |
| Assets under construction and advance payments | 27 | - | €2,224 | +€2,224 | |
| Financial fixed assets | 28 | €1,400 | €1,400 | = | 0.0% |
| Current assets | 29/58 | €206,303 | €271,847 | +€65,544 | +31.8% |
| Amounts receivable within one year | 40/41 | €24,320 | €48,268 | +€23,948 | +98.5% |
| Trade receivables | 40 | €18,461 | €27,088 | +€8,628 | +46.7% |
| Other amounts receivable | 41 | €5,860 | €21,180 | +€15,320 | +261% |
| Current investments | 50/53 | €120,982 | €158,234 | +€37,252 | +30.8% |
| Cash at bank and in hand | 54/58 | €56,595 | €57,240 | +€645 | +1.1% |
| Deferred charges and accrued income | 490/1 | €4,406 | €8,104 | +€3,698 | +83.9% |
| Total equity and liabilities | 10/49 | €221,085 | €284,206 | +€63,121 | +28.6% |
| Equity | 10/15 | €197,633 | €207,749 | +€10,115 | +5.1% |
| Reserves | 13 | €197,633 | €207,749 | +€10,115 | +5.1% |
| Distributable reserves | 133 | €197,633 | €207,749 | +€10,115 | +5.1% |
| Amounts payable | 17/49 | €23,452 | €76,457 | +€53,005 | +226% |
| Amounts payable within one year | 42/48 | €23,452 | €76,457 | +€53,005 | +226% |
| Trade debts | 44 | €5,531 | €10,381 | +€4,851 | +87.7% |
| Suppliers | 440/4 | €5,531 | €10,381 | +€4,851 | +87.7% |
| Taxes, remuneration and social security | 45 | €12,614 | €17,274 | +€4,660 | +36.9% |
| Taxes | 450/3 | €12,614 | €15,499 | +€2,885 | +22.9% |
| Remuneration and social security | 454/9 | - | €1,775 | +€1,775 | |
| Other amounts payable | 47/48 | €5,307 | €48,802 | +€43,495 | +820% |
| Remuneration, social security and pensions | 62 | €6,420 | €28,004 | +€21,584 | +336% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,359 | €6,858 | +€500 | +7.9% |
| Other operating charges | 640/8 | €684 | €601 | -€83 | -12.1% |
| Gross operating margin | 9900 | €90,010 | €122,004 | +€31,994 | +35.5% |
| Operating profit (loss) | 9901 | €76,548 | €86,542 | +€9,994 | +13.1% |
| Financial income | 75/76B | €2,985 | €2,907 | -€78 | -2.6% |
| Recurring financial income | 75 | €2,985 | €2,907 | -€78 | -2.6% |
| Financial charges | 65/66B | €107 | €1,805 | +€1,699 | +1,595% |
| Recurring financial charges | 65 | €107 | €1,805 | +€1,699 | +1,595% |
| Profit (loss) for the period before taxes | 9903 | €79,426 | €87,644 | +€8,218 | +10.3% |
| Income taxes | 67/77 | €25,071 | €28,726 | +€3,655 | +14.6% |
| Profit (loss) for the period | 9904 | €54,355 | €58,917 | +€4,563 | +8.4% |
| Profit (loss) for the period to be appropriated | 9905 | €54,355 | €58,917 | +€4,563 | +8.4% |
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 23 October 2026 via checked.be.