FAB-RI: 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-RI
Largest movements
- Cash -€44,825
down €44,825 (-39.2%), from €114,336 to €69,511
mainly Investment in fixed assets (net) (-€48,175) and Tax, wage and social debts (-€31,028)
- Tangible fixed assets +€29,743
up €29,743 (+53.9%), from €55,176 to €84,918
of which Furniture and vehicles: +€24,890
- Receivables within one year +€7,258
up €7,258 (+22.3%), from €32,546 to €39,804
of which Other amounts receivable: +€6,668
- Stocks and contracts +€4,490
up €4,490 (+14.9%), from €30,056 to €34,546
- Tax, wage and social debts -€31,028
down €31,028 (-64.3%), from €48,226 to €17,198
of which Remuneration and social security: -€15,653
- Trade debts +€24,232
up €24,232 (+298%), from €8,120 to €32,352
- Profit (loss) carried forward -€18,000
down €18,000 (-17.7%), from €101,887 to €83,887
- Debts after one year +€17,161
new in 2025: €17,161
- Current portion of long-term debt +€5,519
new in 2025: €5,519
- Staff costs +€67,029
up €67,029 (+40.3%), from €166,348 to €233,377
- Gross operating margin -€19,097
down €19,097 (-7.3%), from €263,126 to €244,029
- Taxes -€12,407
down €12,407 (-98.2%), from €12,630 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.
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 | €250,058 | €249,832 | -€226 | -0.1% |
| Fixed assets | 21/28 | €56,486 | €88,478 | +€31,993 | +56.6% |
| Tangible fixed assets | 22/27 | €55,176 | €84,918 | +€29,743 | +53.9% |
| Plant, machinery and equipment | 23 | €23,033 | €25,131 | +€2,098 | +9.1% |
| Furniture and vehicles | 24 | €14,727 | €39,616 | +€24,890 | +169% |
| Other tangible fixed assets | 26 | €17,416 | €20,171 | +€2,755 | +15.8% |
| Financial fixed assets | 28 | €1,310 | €3,560 | +€2,250 | +172% |
| Current assets | 29/58 | €193,572 | €161,353 | -€32,219 | -16.6% |
| Stocks and contracts in progress | 3 | €30,056 | €34,546 | +€4,490 | +14.9% |
| Stocks | 30/36 | €30,056 | €34,546 | +€4,490 | +14.9% |
| Amounts receivable within one year | 40/41 | €32,546 | €39,804 | +€7,258 | +22.3% |
| Trade receivables | 40 | €517 | €1,106 | +€590 | +114% |
| Other amounts receivable | 41 | €32,030 | €38,698 | +€6,668 | +20.8% |
| Cash at bank and in hand | 54/58 | €114,336 | €69,511 | -€44,825 | -39.2% |
| Deferred charges and accrued income | 490/1 | €16,634 | €17,492 | +€858 | +5.2% |
| Total equity and liabilities | 10/49 | €250,058 | €249,832 | -€226 | -0.1% |
| Equity | 10/15 | €178,564 | €160,564 | -€18,000 | -10.1% |
| Contributions | 10/11 | €20,451 | €20,451 | = | 0.0% |
| Reserves | 13 | €56,225 | €56,225 | = | 0.0% |
| Distributable reserves | 133 | €56,225 | €56,225 | = | 0.0% |
| Profit (loss) carried forward | 14 | €101,887 | €83,887 | -€18,000 | -17.7% |
| Amounts payable | 17/49 | €71,494 | €89,268 | +€17,774 | +24.9% |
| Amounts payable after more than one year | 17 | - | €17,161 | +€17,161 | |
| Financial debts | 170/4 | - | €17,161 | +€17,161 | |
| Amounts payable within one year | 42/48 | €58,999 | €57,787 | -€1,212 | -2.1% |
| Current portion of amounts payable after more than one year | 42 | - | €5,519 | +€5,519 | |
| Financial debts | 43 | €2,654 | €2,718 | +€65 | +2.4% |
| Credit institutions | 430/8 | €2,654 | €2,718 | +€65 | +2.4% |
| Trade debts | 44 | €8,120 | €32,352 | +€24,232 | +298% |
| Suppliers | 440/4 | €8,120 | €32,352 | +€24,232 | +298% |
| Taxes, remuneration and social security | 45 | €48,226 | €17,198 | -€31,028 | -64.3% |
| Taxes | 450/3 | €19,994 | €4,619 | -€15,375 | -76.9% |
| Remuneration and social security | 454/9 | €28,232 | €12,579 | -€15,653 | -55.4% |
| Accrued charges and deferred income | 492/3 | €12,495 | €14,320 | +€1,825 | +14.6% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Remuneration, social security and pensions | 62 | €166,348 | €233,377 | +€67,029 | +40.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,876 | €16,182 | +€1,307 | +8.8% |
| Other operating charges | 640/8 | €4,069 | €4,570 | +€501 | +12.3% |
| Gross operating margin | 9900 | €263,126 | €244,029 | -€19,097 | -7.3% |
| Operating profit (loss) | 9901 | €77,834 | -€10,101 | -€87,934 | |
| Financial income | 75/76B | €1,382 | €1,311 | -€72 | -5.2% |
| Recurring financial income | 75 | €1,382 | €1,311 | -€72 | -5.2% |
| Financial charges | 65/66B | €10,361 | €8,987 | -€1,374 | -13.3% |
| Recurring financial charges | 65 | €10,361 | €8,987 | -€1,374 | -13.3% |
| Profit (loss) for the period before taxes | 9903 | €68,855 | -€17,777 | -€86,632 | |
| Income taxes | 67/77 | €12,630 | €223 | -€12,407 | -98.2% |
| Profit (loss) for the period | 9904 | €56,225 | -€18,000 | -€74,225 | |
| Profit (loss) for the period to be appropriated | 9905 | €56,225 | -€18,000 | -€74,225 |
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 15 October 2026 via checked.be.