FIDESCON: 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.
FIDESCON
Largest movements
- Tangible fixed assets -€75,629
down €75,629 (-100%), from €75,629 to €0
of which Land and buildings: -€71,177
- Cash +€37,571
up €37,571 (+283%), from €13,254 to €50,825
mainly Investment in fixed assets (net) (+€93,129) and Net result for the year (+€5,635)
- Intangible fixed assets -€17,500
down €17,500 (-100%), from €17,500 to €0
- Receivables within one year +€5,621
up €5,621 (+703%), from €800 to €6,421
- Deferred charges and accrued income -€1,573
down €1,573 (-100%), from €1,573 to €0
- Other debts -€54,400
down €54,400 (-100%), from €54,400 to €0
- Reserves +€37,673
up €37,673 (+5,351%), from €704 to €38,377
- Profit (loss) carried forward -€32,038
down €32,038 (-100%), from €32,038 to €0
- Current portion of long-term debt -€2,644
down €2,644 (-100%), from €2,644 to €0
- Gross operating margin +€14,973
up €14,973 (+21.7%), from €69,148 to €84,121
- Depreciation -€12,176
down €12,176 (-100%), from €12,176 to €0
- Taxes -€4,821
down €4,821 (-72.0%), from €6,700 to €1,879
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 | €108,756 | €57,246 | -€51,510 | -47.4% |
| Fixed assets | 21/28 | €93,129 | €0 | -€93,129 | -100% |
| Intangible fixed assets | 21 | €17,500 | €0 | -€17,500 | -100% |
| Tangible fixed assets | 22/27 | €75,629 | €0 | -€75,629 | -100% |
| Land and buildings | 22 | €71,177 | €0 | -€71,177 | -100% |
| Furniture and vehicles | 24 | €4,452 | €0 | -€4,452 | -100% |
| Current assets | 29/58 | €15,627 | €57,246 | +€41,619 | +266% |
| Amounts receivable within one year | 40/41 | €800 | €6,421 | +€5,621 | +703% |
| Other amounts receivable | 41 | €800 | €6,421 | +€5,621 | +703% |
| Cash at bank and in hand | 54/58 | €13,254 | €50,825 | +€37,571 | +283% |
| Deferred charges and accrued income | 490/1 | €1,573 | €0 | -€1,573 | -100% |
| Total equity and liabilities | 10/49 | €108,756 | €57,246 | -€51,510 | -47.4% |
| Equity | 10/15 | €51,342 | €56,977 | +€5,635 | +11.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €704 | €38,377 | +€37,673 | +5,351% |
| Distributable reserves | 133 | €704 | €38,377 | +€37,673 | +5,351% |
| Profit (loss) carried forward | 14 | €32,038 | €0 | -€32,038 | -100% |
| Amounts payable | 17/49 | €57,414 | €269 | -€57,145 | -99.5% |
| Amounts payable within one year | 42/48 | €57,414 | €269 | -€57,145 | -99.5% |
| Current portion of amounts payable after more than one year | 42 | €2,644 | €0 | -€2,644 | -100% |
| Trade debts | 44 | €370 | €269 | -€101 | -27.3% |
| Suppliers | 440/4 | €370 | €269 | -€101 | -27.3% |
| Other amounts payable | 47/48 | €54,400 | €0 | -€54,400 | -100% |
| Non-recurring operating income | 76A | €129,611 | €137,500 | +€7,889 | +6.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,176 | €0 | -€12,176 | -100% |
| Other operating charges | 640/8 | - | €593 | +€593 | |
| Non-recurring operating charges | 66A | - | €75,629 | +€75,629 | |
| Gross operating margin | 9900 | €69,148 | €84,121 | +€14,973 | +21.7% |
| Operating profit (loss) | 9901 | €56,972 | €7,899 | -€49,073 | -86.1% |
| Financial charges | 65/66B | €682 | €385 | -€297 | -43.6% |
| Recurring financial charges | 65 | €682 | €385 | -€297 | -43.6% |
| Profit (loss) for the period before taxes | 9903 | €56,290 | €7,514 | -€48,776 | -86.7% |
| Income taxes | 67/77 | €6,700 | €1,879 | -€4,821 | -72.0% |
| Profit (loss) for the period | 9904 | €49,590 | €5,635 | -€43,955 | -88.6% |
| Profit (loss) for the period to be appropriated | 9905 | €49,590 | €5,635 | -€43,955 | -88.6% |
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 24 October 2026 via checked.be.