Fabeco: 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.
Fabeco
Largest movements
- Cash +€98,445
up €98,445 (+33.6%), from €292,992 to €391,437
mainly Net result for the year (+€97,334) and Depreciation (+€40,622)
- Tangible fixed assets -€45,331
down €45,331 (-24.2%), from €187,634 to €142,303
of which Furniture and vehicles: -€29,905
- Receivables within one year -€14,063
down €14,063 (-4.9%), from €289,797 to €275,734
of which Trade receivables: -€30,487
- Reserves +€97,334
up €97,334 (+14.5%), from €670,421 to €767,755
of which Distributable reserves: +€97,334
- Other debts -€36,178
no longer reported in 2025 (was €36,178)
- Trade debts -€22,813
down €22,813 (-42.6%), from €53,501 to €30,688
- Gross operating margin -€42,945
down €42,945 (-10.8%), from €397,238 to €354,293
- Write-downs -€17,285
down €17,285 (-58.6%), from €29,515 to €12,230
- Taxes -€7,688
down €7,688 (-15.4%), from €49,869 to €42,181
- Other operating charges +€4,503
up €4,503 (+92.1%), from €4,890 to €9,393
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 | €1,138,796 | €1,169,502 | +€30,706 | +2.7% |
| Fixed assets | 21/28 | €188,181 | €142,850 | -€45,331 | -24.1% |
| Tangible fixed assets | 22/27 | €187,634 | €142,303 | -€45,331 | -24.2% |
| Land and buildings | 22 | €20,538 | €20,538 | = | 0.0% |
| Plant, machinery and equipment | 23 | €45,225 | €45,225 | = | 0.0% |
| Furniture and vehicles | 24 | €75,826 | €45,921 | -€29,905 | -39.4% |
| Leasing and similar rights | 25 | €46,045 | €30,619 | -€15,426 | -33.5% |
| Financial fixed assets | 28 | €547 | €547 | = | 0.0% |
| Current assets | 29/58 | €950,615 | €1,026,652 | +€76,037 | +8.0% |
| Stocks and contracts in progress | 3 | €357,009 | €346,382 | -€10,627 | -3.0% |
| Stocks | 30/36 | €357,009 | €346,382 | -€10,627 | -3.0% |
| Amounts receivable within one year | 40/41 | €289,797 | €275,734 | -€14,063 | -4.9% |
| Trade receivables | 40 | €287,573 | €257,086 | -€30,487 | -10.6% |
| Other amounts receivable | 41 | €2,224 | €18,648 | +€16,424 | +738% |
| Cash at bank and in hand | 54/58 | €292,992 | €391,437 | +€98,445 | +33.6% |
| Deferred charges and accrued income | 490/1 | €10,817 | €13,099 | +€2,282 | +21.1% |
| Total equity and liabilities | 10/49 | €1,138,796 | €1,169,502 | +€30,706 | +2.7% |
| Equity | 10/15 | €911,419 | €1,007,902 | +€96,483 | +10.6% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €670,421 | €767,755 | +€97,334 | +14.5% |
| Non-distributable reserves | 130/1 | €1,859 | €1,859 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,859 | €1,859 | = | 0.0% |
| Distributable reserves | 133 | €668,562 | €765,896 | +€97,334 | +14.6% |
| Profit (loss) carried forward | 14 | €220,913 | €220,913 | = | 0.0% |
| Investment grants | 15 | €1,493 | €642 | -€851 | -57.0% |
| Provisions and deferred taxes | 16 | €91,563 | €91,563 | = | 0.0% |
| Provisions for liabilities and charges | 160/5 | €91,563 | €91,563 | = | 0.0% |
| Other liabilities and charges | 164/5 | €91,563 | €91,563 | = | 0.0% |
| Amounts payable | 17/49 | €135,814 | €70,037 | -€65,777 | -48.4% |
| Amounts payable within one year | 42/48 | €135,814 | €70,037 | -€65,777 | -48.4% |
| Trade debts | 44 | €53,501 | €30,688 | -€22,813 | -42.6% |
| Suppliers | 440/4 | €53,501 | €30,688 | -€22,813 | -42.6% |
| Taxes, remuneration and social security | 45 | €46,135 | €39,349 | -€6,786 | -14.7% |
| Taxes | 450/3 | €29,204 | €23,739 | -€5,465 | -18.7% |
| Remuneration and social security | 454/9 | €16,931 | €15,610 | -€1,321 | -7.8% |
| Other amounts payable | 47/48 | €36,178 | - | -€36,178 | |
| Remuneration, social security and pensions | 62 | €175,430 | €172,670 | -€2,760 | -1.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €43,491 | €40,622 | -€2,869 | -6.6% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €29,515 | €12,230 | -€17,285 | -58.6% |
| Other operating charges | 640/8 | €4,890 | €9,393 | +€4,503 | +92.1% |
| Gross operating margin | 9900 | €397,238 | €354,293 | -€42,945 | -10.8% |
| Operating profit (loss) | 9901 | €143,912 | €119,378 | -€24,534 | -17.0% |
| Financial income | 75/76B | €19,678 | €20,463 | +€785 | +4.0% |
| Recurring financial income | 75 | €19,678 | €20,463 | +€785 | +4.0% |
| Financial charges | 65/66B | €258 | €326 | +€68 | +26.4% |
| Recurring financial charges | 65 | €258 | €326 | +€68 | +26.4% |
| Profit (loss) for the period before taxes | 9903 | €163,332 | €139,515 | -€23,817 | -14.6% |
| Income taxes | 67/77 | €49,869 | €42,181 | -€7,688 | -15.4% |
| Profit (loss) for the period | 9904 | €113,463 | €97,334 | -€16,129 | -14.2% |
| Profit (loss) for the period to be appropriated | 9905 | €113,463 | €97,334 | -€16,129 | -14.2% |
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 13 October 2026 via checked.be.