FABECA: 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.
FABECA
Largest movements
- Tangible fixed assets -€58,529
down €58,529 (-4.6%), from €1.3m to €1.2m
of which Land and buildings: -€94,733
- Cash +€35,937
up €35,937 (+106.3%), from €33,817 to €69,754
mainly Depreciation (+€117,519) and Net result for the year (+€84,935)
- Debts after one year -€76,864
down €76,864 (-21.5%), from €358,249 to €281,385
- Reserves +€64,127
up €64,127 (+54.2%), from €118,400 to €182,527
of which Distributable reserves: +€70,000
- Other debts -€21,805
down €21,805 (-19.4%), from €112,491 to €90,686
- Profit (loss) carried forward +€20,808
up €20,808 (+5.2%), from €397,901 to €418,710
- Current portion of long-term debt +€17,123
up €17,123 (+12.1%), from €141,365 to €158,488
- Gross operating margin -€60,467
down €60,467 (-11.8%), from €513,878 to €453,411
- Taxes +€25,597
up €25,597 (+148.5%), from €17,242 to €42,840
- Other operating charges +€6,891
up €6,891 (+50.5%), from €13,639 to €20,530
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 | €1,346,665 | €1,322,636 | -€24,028 | -1.8% |
| Fixed assets | 21/28 | €1,276,083 | €1,217,554 | -€58,529 | -4.6% |
| Tangible fixed assets | 22/27 | €1,275,533 | €1,217,004 | -€58,529 | -4.6% |
| Land and buildings | 22 | €1,246,471 | €1,151,738 | -€94,733 | -7.6% |
| Plant, machinery and equipment | 23 | €10,768 | €7,831 | -€2,937 | -27.3% |
| Furniture and vehicles | 24 | €18,294 | €57,435 | +€39,141 | +214.0% |
| Financial fixed assets | 28 | €550 | €550 | = | 0.0% |
| Current assets | 29/58 | €70,582 | €105,082 | +€34,501 | +48.9% |
| Stocks and contracts in progress | 3 | €1,651 | €1,535 | -€117 | -7.1% |
| Stocks | 30/36 | €1,651 | €1,535 | -€117 | -7.1% |
| Amounts receivable within one year | 40/41 | €31,878 | €28,876 | -€3,002 | -9.4% |
| Trade receivables | 40 | €3,151 | €15,494 | +€12,343 | +391.7% |
| Other amounts receivable | 41 | €28,727 | €13,382 | -€15,345 | -53.4% |
| Cash at bank and in hand | 54/58 | €33,817 | €69,754 | +€35,937 | +106.3% |
| Deferred charges and accrued income | 490/1 | €3,236 | €4,918 | +€1,682 | +52.0% |
| Total equity and liabilities | 10/49 | €1,346,665 | €1,322,636 | -€24,028 | -1.8% |
| Equity | 10/15 | €637,617 | €709,678 | +€72,060 | +11.3% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €118,400 | €182,527 | +€64,127 | +54.2% |
| Tax-exempt reserves | 132 | €116,540 | €110,667 | -€5,873 | -5.0% |
| Distributable reserves | 133 | €1,860 | €71,860 | +€70,000 | +3763.4% |
| Profit (loss) carried forward | 14 | €397,901 | €418,710 | +€20,808 | +5.2% |
| Investment grants | 15 | €115,116 | €102,241 | -€12,875 | -11.2% |
| Provisions and deferred taxes | 16 | €29,093 | €27,625 | -€1,468 | -5.0% |
| Deferred taxes | 168 | €29,093 | €27,625 | -€1,468 | -5.0% |
| Amounts payable | 17/49 | €679,954 | €585,334 | -€94,620 | -13.9% |
| Amounts payable after more than one year | 17 | €358,249 | €281,385 | -€76,864 | -21.5% |
| Financial debts | 170/4 | €358,249 | €281,385 | -€76,864 | -21.5% |
| Amounts payable within one year | 42/48 | €314,049 | €298,817 | -€15,233 | -4.9% |
| Current portion of amounts payable after more than one year | 42 | €141,365 | €158,488 | +€17,123 | +12.1% |
| Trade debts | 44 | €37,077 | €27,756 | -€9,321 | -25.1% |
| Suppliers | 440/4 | €37,077 | €27,756 | -€9,321 | -25.1% |
| Taxes, remuneration and social security | 45 | €23,117 | €21,887 | -€1,230 | -5.3% |
| Taxes | 450/3 | €522 | €11,743 | +€11,221 | +2151.0% |
| Remuneration and social security | 454/9 | €22,595 | €10,145 | -€12,451 | -55.1% |
| Other amounts payable | 47/48 | €112,491 | €90,686 | -€21,805 | -19.4% |
| Accrued charges and deferred income | 492/3 | €7,656 | €5,133 | -€2,523 | -33.0% |
| Remuneration, social security and pensions | 62 | €182,556 | €182,035 | -€522 | -0.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €116,109 | €117,519 | +€1,410 | +1.2% |
| Other operating charges | 640/8 | €13,639 | €20,530 | +€6,891 | +50.5% |
| Gross operating margin | 9900 | €513,878 | €453,411 | -€60,467 | -11.8% |
| Operating profit (loss) | 9901 | €201,574 | €133,327 | -€68,247 | -33.9% |
| Financial income | 75/76B | €17,402 | €12,885 | -€4,516 | -26.0% |
| Recurring financial income | 75 | €17,402 | €12,885 | -€4,516 | -26.0% |
| Financial charges | 65/66B | €21,815 | €19,906 | -€1,909 | -8.8% |
| Recurring financial charges | 65 | €21,815 | €19,906 | -€1,909 | -8.8% |
| Profit (loss) for the period before taxes | 9903 | €197,160 | €126,306 | -€70,854 | -35.9% |
| Transfer from deferred taxes | 780 | €273 | €1,468 | +€1,195 | +438.2% |
| Transfer to deferred taxes | 680 | €29,366 | - | -€29,366 | |
| Income taxes | 67/77 | €17,242 | €42,840 | +€25,597 | +148.5% |
| Profit (loss) for the period | 9904 | €150,825 | €84,935 | -€65,890 | -43.7% |
| Transfer from tax-exempt reserves | 789 | €1,091 | €5,873 | +€4,782 | +438.2% |
| Transfer to tax-exempt reserves | 689 | €117,463 | - | -€117,463 | |
| Profit (loss) for the period to be appropriated | 9905 | €34,453 | €90,808 | +€56,356 | +163.6% |
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 4 October 2026 via checked.be.