DE FABELS: 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.
DE FABELS
Largest movements
- Tangible fixed assets +€30,854
up €30,854 (+405.7%), from €7,604 to €38,458
of which Land and buildings: +€27,529
- Receivables within one year +€10,688
up €10,688 (+438.0%), from €2,440 to €13,128
of which Other amounts receivable: +€7,619
- Cash +€7,488
up €7,488 (+103.4%), from €7,243 to €14,732
mainly Net result for the year (+€53,961) and Trade debts (+€20,085)
- Reserves +€33,139
new in 2025: €33,139
- Other debts -€32,638
down €32,638 (-100.0%), from €32,638 to €0
- Profit (loss) carried forward +€20,822
up €20,822, from -€20,822 to €0
- Trade debts +€20,085
up €20,085 (+1946.5%), from €1,032 to €21,117
- Tax, wage and social debts +€5,922
up €5,922, from €0 to €5,922
- Gross operating margin +€50,539
up €50,539 (+208.1%), from €24,291 to €74,830
- Taxes +€13,473
up €13,473 (+8420.3%), from €160 to €13,633
- Other operating charges +€1,991
up €1,991 (+157.9%), from €1,260 to €3,251
- Depreciation -€1,284
down €1,284 (-31.8%), from €4,034 to €2,750
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 | €19,101 | €68,110 | +€49,009 | +256.6% |
| Fixed assets | 21/28 | €7,968 | €38,458 | +€30,490 | +382.7% |
| Intangible fixed assets | 21 | €363 | €0 | -€363 | -100.0% |
| Tangible fixed assets | 22/27 | €7,604 | €38,458 | +€30,854 | +405.7% |
| Land and buildings | 22 | - | €27,529 | +€27,529 | |
| Plant, machinery and equipment | 23 | €4,902 | €7,393 | +€2,491 | +50.8% |
| Furniture and vehicles | 24 | €2,579 | €3,536 | +€957 | +37.1% |
| Other tangible fixed assets | 26 | €124 | €0 | -€124 | -100.0% |
| Current assets | 29/58 | €11,133 | €29,652 | +€18,519 | +166.3% |
| Amounts receivable within one year | 40/41 | €2,440 | €13,128 | +€10,688 | +438.0% |
| Trade receivables | 40 | €1,423 | €4,492 | +€3,068 | +215.6% |
| Other amounts receivable | 41 | €1,017 | €8,636 | +€7,619 | +749.5% |
| Cash at bank and in hand | 54/58 | €7,243 | €14,732 | +€7,488 | +103.4% |
| Deferred charges and accrued income | 490/1 | €1,450 | €1,792 | +€343 | +23.6% |
| Total equity and liabilities | 10/49 | €19,101 | €68,110 | +€49,009 | +256.6% |
| Equity | 10/15 | -€14,622 | €39,339 | +€53,961 | |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | - | €33,139 | +€33,139 | |
| Distributable reserves | 133 | - | €33,139 | +€33,139 | |
| Profit (loss) carried forward | 14 | -€20,822 | €0 | +€20,822 | |
| Amounts payable | 17/49 | €33,723 | €28,770 | -€4,953 | -14.7% |
| Amounts payable within one year | 42/48 | €33,723 | €28,057 | -€5,666 | -16.8% |
| Financial debts | 43 | €53 | €1,018 | +€965 | +1818.1% |
| Credit institutions | 430/8 | €53 | €1,018 | +€965 | +1818.1% |
| Trade debts | 44 | €1,032 | €21,117 | +€20,085 | +1946.5% |
| Suppliers | 440/4 | €1,032 | €21,117 | +€20,085 | +1946.5% |
| Taxes, remuneration and social security | 45 | €0 | €5,922 | +€5,922 | |
| Taxes | 450/3 | €0 | €5,922 | +€5,922 | |
| Other amounts payable | 47/48 | €32,638 | €0 | -€32,638 | -100.0% |
| Accrued charges and deferred income | 492/3 | - | €713 | +€713 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,034 | €2,750 | -€1,284 | -31.8% |
| Other operating charges | 640/8 | €1,260 | €3,251 | +€1,991 | +157.9% |
| Gross operating margin | 9900 | €24,291 | €74,830 | +€50,539 | +208.1% |
| Operating profit (loss) | 9901 | €18,997 | €68,829 | +€49,832 | +262.3% |
| Financial income | 75/76B | €15 | €24 | +€9 | +57.4% |
| Recurring financial income | 75 | €15 | €24 | +€9 | +57.4% |
| Financial charges | 65/66B | €1,587 | €1,259 | -€328 | -20.7% |
| Recurring financial charges | 65 | €1,587 | €1,259 | -€328 | -20.7% |
| Profit (loss) for the period before taxes | 9903 | €17,424 | €67,594 | +€50,170 | +287.9% |
| Income taxes | 67/77 | €160 | €13,633 | +€13,473 | +8420.3% |
| Profit (loss) for the period | 9904 | €17,264 | €53,961 | +€36,697 | +212.6% |
| Profit (loss) for the period to be appropriated | 9905 | €17,264 | €53,961 | +€36,697 | +212.6% |
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 7 October 2026 via checked.be.