FABA: 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.
FABA
Largest movements
- Financial fixed assets +€750,000
new in 2025: €750,000
- Current investments +€70,000
new in 2025: €70,000
- Tangible fixed assets -€48,003
down €48,003 (-4.7%), from €1.0m to €976,089
of which Land and buildings: -€34,794
- Cash +€37,234
up €37,234 (+21.0%), from €177,421 to €214,655
mainly Debts after one year (+€577,479) and Net result for the year (+€135,139)
- Debts after one year +€577,479
up €577,479 (+125.7%), from €459,438 to €1.0m
- Reserves +€135,139
up €135,139 (+35.0%), from €386,414 to €521,553
- Current portion of long-term debt +€98,944
up €98,944 (+200.6%), from €49,328 to €148,272
- Other debts -€21,909
down €21,909 (-8.6%), from €253,390 to €231,481
- Gross operating margin +€13,810
up €13,810 (+5.2%), from €267,167 to €280,977
- Financial charges +€8,827
up €8,827 (+206.1%), from €4,284 to €13,111
- Taxes +€4,857
up €4,857 (+8.0%), from €61,090 to €65,948
- Depreciation -€3,563
down €3,563 (-5.1%), from €69,793 to €66,230
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 | €1,227,157 | €2,029,966 | +€802,809 | +65.4% |
| Fixed assets | 21/28 | €1,024,092 | €1,726,089 | +€701,997 | +68.5% |
| Tangible fixed assets | 22/27 | €1,024,092 | €976,089 | -€48,003 | -4.7% |
| Land and buildings | 22 | €882,396 | €847,602 | -€34,794 | -3.9% |
| Plant, machinery and equipment | 23 | €6,646 | €4,756 | -€1,890 | -28.4% |
| Furniture and vehicles | 24 | €135,050 | €123,731 | -€11,319 | -8.4% |
| Financial fixed assets | 28 | - | €750,000 | +€750,000 | |
| Current assets | 29/58 | €203,065 | €303,877 | +€100,812 | +49.6% |
| Amounts receivable within one year | 40/41 | €20,456 | €10,398 | -€10,059 | -49.2% |
| Trade receivables | 40 | €6,436 | €950 | -€5,486 | -85.2% |
| Other amounts receivable | 41 | €14,020 | €9,448 | -€4,573 | -32.6% |
| Current investments | 50/53 | - | €70,000 | +€70,000 | |
| Cash at bank and in hand | 54/58 | €177,421 | €214,655 | +€37,234 | +21.0% |
| Deferred charges and accrued income | 490/1 | €5,188 | €8,824 | +€3,636 | +70.1% |
| Total equity and liabilities | 10/49 | €1,227,157 | €2,029,966 | +€802,809 | +65.4% |
| Equity | 10/15 | €456,414 | €591,553 | +€135,139 | +29.6% |
| Contributions | 10/11 | €70,000 | €70,000 | = | 0.0% |
| Reserves | 13 | €386,414 | €521,553 | +€135,139 | +35.0% |
| Distributable reserves | 133 | €386,414 | €521,553 | +€135,139 | +35.0% |
| Amounts payable | 17/49 | €770,743 | €1,438,414 | +€667,670 | +86.6% |
| Amounts payable after more than one year | 17 | €459,438 | €1,036,917 | +€577,479 | +125.7% |
| Financial debts | 170/4 | €459,438 | €1,036,917 | +€577,479 | +125.7% |
| Amounts payable within one year | 42/48 | €308,595 | €388,990 | +€80,395 | +26.1% |
| Current portion of amounts payable after more than one year | 42 | €49,328 | €148,272 | +€98,944 | +200.6% |
| Trade debts | 44 | €5,877 | €384 | -€5,493 | -93.5% |
| Suppliers | 440/4 | €5,877 | €384 | -€5,493 | -93.5% |
| Taxes, remuneration and social security | 45 | - | €8,853 | +€8,853 | |
| Taxes | 450/3 | - | €8,853 | +€8,853 | |
| Other amounts payable | 47/48 | €253,390 | €231,481 | -€21,909 | -8.6% |
| Accrued charges and deferred income | 492/3 | €2,711 | €12,507 | +€9,796 | +361.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €69,793 | €66,230 | -€3,563 | -5.1% |
| Other operating charges | 640/8 | €3,612 | €2,054 | -€1,558 | -43.1% |
| Gross operating margin | 9900 | €267,167 | €280,977 | +€13,810 | +5.2% |
| Operating profit (loss) | 9901 | €193,762 | €212,692 | +€18,930 | +9.8% |
| Financial income | 75/76B | €1 | €1,505 | +€1,503 | +102970.5% |
| Recurring financial income | 75 | €1 | €1,505 | +€1,503 | +102970.5% |
| Financial charges | 65/66B | €4,284 | €13,111 | +€8,827 | +206.1% |
| Recurring financial charges | 65 | €4,284 | €13,111 | +€8,827 | +206.1% |
| Profit (loss) for the period before taxes | 9903 | €189,480 | €201,086 | +€11,606 | +6.1% |
| Income taxes | 67/77 | €61,090 | €65,948 | +€4,857 | +8.0% |
| Profit (loss) for the period | 9904 | €128,390 | €135,139 | +€6,749 | +5.3% |
| Profit (loss) for the period to be appropriated | 9905 | €128,390 | €135,139 | +€6,749 | +5.3% |
Source: filed annual accounts (NBB), financial years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 11 October 2026 via checked.be.