FIDUTOP: 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.
FIDUTOP
Largest movements
- Current investments -€50,000
no longer reported in 2025 (was €50,000)
- Cash -€7,812
down €7,812 (-6.7%), from €116,031 to €108,219
mainly Short-term financial debts (-€33,339) and Trade debts (-€13,461)
- Receivables within one year +€6,432
up €6,432 (+3.8%), from €167,689 to €174,120
of which Other amounts receivable: +€5,513
- Stocks and contracts -€6,184
down €6,184 (-62.2%), from €9,939 to €3,754
- Profit (loss) carried forward -€132,670
down €132,670 (-98.7%), from €134,426 to €1,756
- Reserves +€125,000
up €125,000 (+1,923%), from €6,500 to €131,500
of which Distributable reserves: +€125,000
- Short-term financial debts -€33,339
down €33,339 (-87.3%), from €38,168 to €4,829
- Trade debts -€13,461
down €13,461 (-26.1%), from €51,567 to €38,105
- Tax, wage and social debts +€6,671
up €6,671 (+15.4%), from €43,204 to €49,875
of which Remuneration and social security: +€6,006
- Staff costs +€18,657
up €18,657 (+7.8%), from €240,201 to €258,857
- Gross operating margin -€15,864
down €15,864 (-5.5%), from €290,932 to €275,068
- Taxes -€6,238
down €6,238 (-57.2%), from €10,902 to €4,664
- Write-downs -€3,482
down €3,482 (-54.8%), from €6,355 to €2,872
- Financial income -€2,940
down €2,940 (-79.4%), from €3,702 to €762
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 | €358,909 | €301,121 | -€57,788 | -16.1% |
| Fixed assets | 21/28 | €2,762 | €2,156 | -€606 | -21.9% |
| Intangible fixed assets | 21 | €2,571 | €1,219 | -€1,352 | -52.6% |
| Tangible fixed assets | 22/27 | €191 | €937 | +€746 | +391% |
| Furniture and vehicles | 24 | €191 | €937 | +€746 | +391% |
| Current assets | 29/58 | €356,147 | €298,965 | -€57,182 | -16.1% |
| Amounts receivable after more than one year | 29 | €2,000 | €3,000 | +€1,000 | +50.0% |
| Other amounts receivable | 291 | €2,000 | €3,000 | +€1,000 | +50.0% |
| Stocks and contracts in progress | 3 | €9,939 | €3,754 | -€6,184 | -62.2% |
| Stocks | 30/36 | €9,939 | €3,754 | -€6,184 | -62.2% |
| Amounts receivable within one year | 40/41 | €167,689 | €174,120 | +€6,432 | +3.8% |
| Trade receivables | 40 | €167,689 | €168,608 | +€919 | +0.5% |
| Other amounts receivable | 41 | - | €5,513 | +€5,513 | |
| Current investments | 50/53 | €50,000 | - | -€50,000 | |
| Cash at bank and in hand | 54/58 | €116,031 | €108,219 | -€7,812 | -6.7% |
| Deferred charges and accrued income | 490/1 | €10,488 | €9,871 | -€617 | -5.9% |
| Total equity and liabilities | 10/49 | €358,909 | €301,121 | -€57,788 | -16.1% |
| Equity | 10/15 | €205,926 | €198,256 | -€7,670 | -3.7% |
| Contributions | 10/11 | €65,000 | €65,000 | = | 0.0% |
| Capital | 10 | €65,000 | €65,000 | = | 0.0% |
| Issued capital | 100 | €65,000 | €65,000 | = | 0.0% |
| Reserves | 13 | €6,500 | €131,500 | +€125,000 | +1,923% |
| Non-distributable reserves | 130/1 | €6,500 | €6,500 | = | 0.0% |
| Legal reserve | 130 | €6,500 | €6,500 | = | 0.0% |
| Distributable reserves | 133 | - | €125,000 | +€125,000 | |
| Profit (loss) carried forward | 14 | €134,426 | €1,756 | -€132,670 | -98.7% |
| Amounts payable | 17/49 | €152,983 | €102,865 | -€50,118 | -32.8% |
| Amounts payable within one year | 42/48 | €152,787 | €102,810 | -€49,977 | -32.7% |
| Current portion of amounts payable after more than one year | 42 | €4,848 | - | -€4,848 | |
| Financial debts | 43 | €38,168 | €4,829 | -€33,339 | -87.3% |
| Credit institutions | 430/8 | €38,168 | €4,829 | -€33,339 | -87.3% |
| Trade debts | 44 | €51,567 | €38,105 | -€13,461 | -26.1% |
| Suppliers | 440/4 | €51,567 | €38,105 | -€13,461 | -26.1% |
| Taxes, remuneration and social security | 45 | €43,204 | €49,875 | +€6,671 | +15.4% |
| Taxes | 450/3 | €15,418 | €16,083 | +€665 | +4.3% |
| Remuneration and social security | 454/9 | €27,786 | €33,792 | +€6,006 | +21.6% |
| Other amounts payable | 47/48 | €15,000 | €10,000 | -€5,000 | -33.3% |
| Accrued charges and deferred income | 492/3 | €196 | €55 | -€141 | -72.0% |
| Remuneration, social security and pensions | 62 | €240,201 | €258,857 | +€18,657 | +7.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,416 | €2,803 | -€613 | -17.9% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €6,355 | €2,872 | -€3,482 | -54.8% |
| Other operating charges | 640/8 | €3,500 | €3,148 | -€353 | -10.1% |
| Gross operating margin | 9900 | €290,932 | €275,068 | -€15,864 | -5.5% |
| Operating profit (loss) | 9901 | €37,460 | €7,388 | -€30,072 | -80.3% |
| Financial income | 75/76B | €3,702 | €762 | -€2,940 | -79.4% |
| Recurring financial income | 75 | €3,702 | €762 | -€2,940 | -79.4% |
| Financial charges | 65/66B | €1,403 | €1,156 | -€248 | -17.7% |
| Recurring financial charges | 65 | €1,403 | €1,156 | -€248 | -17.7% |
| Profit (loss) for the period before taxes | 9903 | €39,759 | €6,994 | -€32,765 | -82.4% |
| Income taxes | 67/77 | €10,902 | €4,664 | -€6,238 | -57.2% |
| Profit (loss) for the period | 9904 | €28,856 | €2,330 | -€26,526 | -91.9% |
| Profit (loss) for the period to be appropriated | 9905 | €28,856 | €2,330 | -€26,526 | -91.9% |
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 16 October 2026 via checked.be.