FAB-MOD: 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.
FAB-MOD
Largest movements
- Tangible fixed assets +€20,117
up €20,117 (+87.2%), from €23,072 to €43,189
of which Plant, machinery and equipment: +€25,070
- Receivables within one year +€6,933
up €6,933 (+173.4%), from €3,998 to €10,931
- Cash +€5,477
up €5,477 (+43.8%), from €12,505 to €17,982
mainly Other debts (+€15,561) and Net result for the year (+€13,314)
- Deferred charges and accrued income +€1,177
up €1,177 (+99.8%), from €1,179 to €2,356
- Other debts +€15,561
up €15,561 (+71.7%), from €21,711 to €37,272
- Profit (loss) carried forward +€13,314
up €13,314 (+4066.3%), from €327 to €13,642
- Tax, wage and social debts +€5,597
up €5,597 (+110.6%), from €5,060 to €10,657
of which Taxes: +€5,597
- Trade debts -€1,735
down €1,735 (-83.6%), from €2,075 to €340
- Gross operating margin +€23,717
up €23,717 (+416.7%), from €5,691 to €29,409
- Depreciation +€7,796
up €7,796 (+164.9%), from €4,729 to €12,525
- Taxes +€3,274
new in 2025: €3,274
- Other operating charges -€337
down €337 (-60.1%), from €560 to €223
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 | €44,221 | €76,911 | +€32,690 | +73.9% |
| Formation expenses | 20 | €2,167 | €1,652 | -€515 | -23.8% |
| Fixed assets | 21/28 | €23,372 | €43,489 | +€20,117 | +86.1% |
| Tangible fixed assets | 22/27 | €23,072 | €43,189 | +€20,117 | +87.2% |
| Plant, machinery and equipment | 23 | €6,829 | €31,899 | +€25,070 | +367.1% |
| Furniture and vehicles | 24 | €16,243 | €11,290 | -€4,953 | -30.5% |
| Financial fixed assets | 28 | €300 | €300 | = | 0.0% |
| Current assets | 29/58 | €18,682 | €31,769 | +€13,087 | +70.1% |
| Stocks and contracts in progress | 3 | €1,000 | €500 | -€500 | -50.0% |
| Stocks | 30/36 | €1,000 | €500 | -€500 | -50.0% |
| Amounts receivable within one year | 40/41 | €3,998 | €10,931 | +€6,933 | +173.4% |
| Trade receivables | 40 | €3,998 | €10,931 | +€6,933 | +173.4% |
| Cash at bank and in hand | 54/58 | €12,505 | €17,982 | +€5,477 | +43.8% |
| Deferred charges and accrued income | 490/1 | €1,179 | €2,356 | +€1,177 | +99.8% |
| Total equity and liabilities | 10/49 | €44,221 | €76,911 | +€32,690 | +73.9% |
| Equity | 10/15 | €15,327 | €28,642 | +€13,314 | +86.9% |
| Contributions | 10/11 | €15,000 | €15,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €327 | €13,642 | +€13,314 | +4066.3% |
| Amounts payable | 17/49 | €28,894 | €48,269 | +€19,375 | +67.1% |
| Amounts payable within one year | 42/48 | €28,846 | €48,269 | +€19,424 | +67.3% |
| Trade debts | 44 | €2,075 | €340 | -€1,735 | -83.6% |
| Suppliers | 440/4 | €2,075 | €340 | -€1,735 | -83.6% |
| Taxes, remuneration and social security | 45 | €5,060 | €10,657 | +€5,597 | +110.6% |
| Taxes | 450/3 | €3,260 | €8,857 | +€5,597 | +171.7% |
| Remuneration and social security | 454/9 | €1,800 | €1,800 | = | 0.0% |
| Other amounts payable | 47/48 | €21,711 | €37,272 | +€15,561 | +71.7% |
| Accrued charges and deferred income | 492/3 | €48 | €0 | -€48 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,729 | €12,525 | +€7,796 | +164.9% |
| Other operating charges | 640/8 | €560 | €223 | -€337 | -60.1% |
| Gross operating margin | 9900 | €5,691 | €29,409 | +€23,717 | +416.7% |
| Operating profit (loss) | 9901 | €403 | €16,661 | +€16,258 | +4037.8% |
| Financial income | 75/76B | €8 | €0 | -€8 | -100.0% |
| Recurring financial income | 75 | €8 | €0 | -€8 | -100.0% |
| Financial charges | 65/66B | €83 | €73 | -€10 | -12.4% |
| Recurring financial charges | 65 | €83 | €73 | -€10 | -12.4% |
| Profit (loss) for the period before taxes | 9903 | €327 | €16,588 | +€16,261 | +4966.1% |
| Income taxes | 67/77 | - | €3,274 | +€3,274 | |
| Profit (loss) for the period | 9904 | €327 | €13,314 | +€12,987 | +3966.3% |
| Profit (loss) for the period to be appropriated | 9905 | €327 | €13,314 | +€12,987 | +3966.3% |
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 9 October 2026 via checked.be.