FAB: 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.
FAB
Largest movements
- Current investments -€84,938
down €84,938 (-99.5%), from €85,375 to €437
- Cash +€68,691
up €68,691 (+29.2%), from €234,891 to €303,582
mainly Current investments (+€84,938) and Other debts (+€43,412)
- Tangible fixed assets +€14,762
up €14,762 (+1.9%), from €763,445 to €778,207
of which Other tangible fixed assets: +€15,137
- Other debts +€43,412
up €43,412 (+188.9%), from €22,978 to €66,390
- Reserves -€43,398
down €43,398 (-51.1%), from €84,875 to €41,476
of which Distributable reserves: -€43,398
- Depreciation -€1,865
down €1,865 (-22.4%), from €8,333 to €6,467
- Financial income +€699
up €699 (+233.2%), from €300 to €999
- Financial charges -€553
down €553 (-3.5%), from €15,784 to €15,231
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 | €1,084,407 | €1,083,169 | -€1,238 | -0.1% |
| Fixed assets | 21/28 | €763,445 | €778,207 | +€14,762 | +1.9% |
| Tangible fixed assets | 22/27 | €763,445 | €778,207 | +€14,762 | +1.9% |
| Land and buildings | 22 | €750,000 | €750,000 | = | 0.0% |
| Plant, machinery and equipment | 23 | €653 | €278 | -€375 | -57.4% |
| Other tangible fixed assets | 26 | €12,791 | €27,929 | +€15,137 | +118.3% |
| Current assets | 29/58 | €320,962 | €304,962 | -€16,000 | -5.0% |
| Amounts receivable within one year | 40/41 | €86 | €303 | +€217 | +250.8% |
| Other amounts receivable | 41 | €86 | €303 | +€217 | +250.8% |
| Current investments | 50/53 | €85,375 | €437 | -€84,938 | -99.5% |
| Cash at bank and in hand | 54/58 | €234,891 | €303,582 | +€68,691 | +29.2% |
| Deferred charges and accrued income | 490/1 | €610 | €640 | +€30 | +4.9% |
| Total equity and liabilities | 10/49 | €1,084,407 | €1,083,169 | -€1,238 | -0.1% |
| Equity | 10/15 | €889,174 | €844,514 | -€44,660 | -5.0% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Revaluation surpluses | 12 | €750,000 | €750,000 | = | 0.0% |
| Reserves | 13 | €84,875 | €41,476 | -€43,398 | -51.1% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Distributable reserves | 133 | €78,675 | €35,276 | -€43,398 | -55.2% |
| Profit (loss) carried forward | 14 | -€7,701 | -€8,962 | -€1,262 | -16.4% |
| Provisions and deferred taxes | 16 | €85,455 | €83,993 | -€1,462 | -1.7% |
| Provisions for liabilities and charges | 160/5 | €85,455 | €83,993 | -€1,462 | -1.7% |
| Environmental obligations | 163 | €85,455 | €83,993 | -€1,462 | -1.7% |
| Amounts payable | 17/49 | €109,778 | €154,662 | +€44,884 | +40.9% |
| Amounts payable after more than one year | 17 | €85,000 | €85,000 | = | 0.0% |
| Financial debts | 170/4 | €85,000 | €85,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €22,978 | €68,662 | +€45,684 | +198.8% |
| Trade debts | 44 | - | €2,271 | +€2,271 | |
| Suppliers | 440/4 | - | €2,271 | +€2,271 | |
| Other amounts payable | 47/48 | €22,978 | €66,390 | +€43,412 | +188.9% |
| Accrued charges and deferred income | 492/3 | €1,800 | €1,000 | -€800 | -44.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,333 | €6,467 | -€1,865 | -22.4% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | -€1,410 | -€1,462 | -€52 | -3.7% |
| Other operating charges | 640/8 | €4,286 | €4,329 | +€43 | +1.0% |
| Gross operating margin | 9900 | €22,494 | €22,304 | -€190 | -0.8% |
| Operating profit (loss) | 9901 | €11,285 | €12,970 | +€1,685 | +14.9% |
| Financial income | 75/76B | €300 | €999 | +€699 | +233.2% |
| Recurring financial income | 75 | €300 | €999 | +€699 | +233.2% |
| Financial charges | 65/66B | €15,784 | €15,231 | -€553 | -3.5% |
| Recurring financial charges | 65 | €15,784 | €15,231 | -€553 | -3.5% |
| Profit (loss) for the period before taxes | 9903 | -€4,199 | -€1,262 | +€2,937 | +70.0% |
| Income taxes | 67/77 | €1 | - | -€1 | |
| Profit (loss) for the period | 9904 | -€4,200 | -€1,262 | +€2,938 | +70.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€4,200 | -€1,262 | +€2,938 | +70.0% |
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 6 October 2026 via checked.be.