F.A.B.: 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.
F.A.B.
Largest movements
- Stocks and contracts -€3,035
down €3,035 (-32.8%), from €9,244 to €6,209
- Deferred charges and accrued income +€1,860
up €1,860 (+52.1%), from €3,567 to €5,428
- Receivables within one year +€524
up €524 (+67.4%), from €777 to €1,301
- Profit (loss) carried forward -€27,553
down €27,553 (-34.4%), from -€80,103 to -€107,656
- Debts after one year +€21,283
up €21,283 (+112.6%), from €18,899 to €40,182
- Trade debts +€5,032
up €5,032 (+55.6%), from €9,056 to €14,088
- Tax, wage and social debts +€1,162
up €1,162 (+13.5%), from €8,611 to €9,772
- Short-term financial debts -€1,018
down €1,018 (-3.1%), from €32,533 to €31,515
- Other operating charges +€5,420
up €5,420 (+167.7%), from €3,232 to €8,652
- Gross operating margin +€5,336
up €5,336 (+31.1%), from -€17,173 to -€11,837
- Financial charges +€707
up €707 (+11.6%), from €6,074 to €6,780
From the 2025 result to the 2026 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
Cash or the result is not a separate line in both sets of accounts; the cash flow cannot be derived from them.
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €19,456 | €18,663 | -€793 | -4.1% |
| Fixed assets | 21/28 | €5,868 | €5,726 | -€142 | -2.4% |
| Tangible fixed assets | 22/27 | €193 | €51 | -€142 | -73.8% |
| Furniture and vehicles | 24 | €193 | €51 | -€142 | -73.8% |
| Financial fixed assets | 28 | €5,675 | €5,675 | = | 0.0% |
| Current assets | 29/58 | €13,588 | €12,937 | -€651 | -4.8% |
| Stocks and contracts in progress | 3 | €9,244 | €6,209 | -€3,035 | -32.8% |
| Stocks | 30/36 | €9,244 | €6,209 | -€3,035 | -32.8% |
| Amounts receivable within one year | 40/41 | €777 | €1,301 | +€524 | +67.4% |
| Trade receivables | 40 | €777 | €1,301 | +€524 | +67.4% |
| Deferred charges and accrued income | 490/1 | €3,567 | €5,428 | +€1,860 | +52.1% |
| Total equity and liabilities | 10/49 | €19,456 | €18,663 | -€793 | -4.1% |
| Equity | 10/15 | -€49,651 | -€77,204 | -€27,553 | -55.5% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €11,859 | €11,859 | = | 0.0% |
| Distributable reserves | 133 | €11,859 | €11,859 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€80,103 | -€107,656 | -€27,553 | -34.4% |
| Amounts payable | 17/49 | €69,107 | €95,867 | +€26,760 | +38.7% |
| Amounts payable after more than one year | 17 | €18,899 | €40,182 | +€21,283 | +112.6% |
| Financial debts | 170/4 | €18,899 | €40,182 | +€21,283 | +112.6% |
| Amounts payable within one year | 42/48 | €50,200 | €55,376 | +€5,176 | +10.3% |
| Financial debts | 43 | €32,533 | €31,515 | -€1,018 | -3.1% |
| Credit institutions | 430/8 | €32,533 | €31,515 | -€1,018 | -3.1% |
| Trade debts | 44 | €9,056 | €14,088 | +€5,032 | +55.6% |
| Suppliers | 440/4 | €9,056 | €14,088 | +€5,032 | +55.6% |
| Taxes, remuneration and social security | 45 | €8,611 | €9,772 | +€1,162 | +13.5% |
| Taxes | 450/3 | €8,611 | €9,772 | +€1,162 | +13.5% |
| Accrued charges and deferred income | 492/3 | €8 | €309 | +€301 | +3737.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €220 | €142 | -€78 | -35.3% |
| Other operating charges | 640/8 | €3,232 | €8,652 | +€5,420 | +167.7% |
| Gross operating margin | 9900 | -€17,173 | -€11,837 | +€5,336 | +31.1% |
| Operating profit (loss) | 9901 | -€20,625 | -€20,632 | -€7 | 0.0% |
| Financial income | 75/76B | €13 | €0 | -€13 | -99.2% |
| Recurring financial income | 75 | €13 | €0 | -€13 | -99.2% |
| Financial charges | 65/66B | €6,074 | €6,780 | +€707 | +11.6% |
| Recurring financial charges | 65 | €6,074 | €6,780 | +€707 | +11.6% |
| Profit (loss) for the period before taxes | 9903 | -€26,686 | -€27,412 | -€726 | -2.7% |
| Income taxes | 67/77 | €140 | €141 | +€1 | +1.0% |
| Profit (loss) for the period | 9904 | -€26,825 | -€27,553 | -€728 | -2.7% |
| Profit (loss) for the period to be appropriated | 9905 | -€26,825 | -€27,553 | -€728 | -2.7% |
Source: filed annual accounts (NBB), fiscal years ended 31 January 2025 and 31 January 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 3 October 2026 via checked.be.