FABECOM: 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.
FABECOM
Largest movements
- Cash +€147,241
up €147,241 (+438%), from €33,601 to €180,842
mainly Current investments (+€120,000) and Net result for the year (+€30,703)
- Current investments -€120,000
no longer reported in 2025 (was €120,000)
- Receivables within one year +€5,173
up €5,173 (+161%), from €3,212 to €8,385
of which Other amounts receivable: +€3,588
- Other debts +€20,019
new in 2025: €20,019
- Reserves +€10,685
up €10,685 (+6.9%), from €154,294 to €164,979
- Tax, wage and social debts -€7,132
down €7,132 (-50.4%), from €14,141 to €7,009
- Advances received +€3,872
up €3,872 (+6.0%), from €64,243 to €68,116
- Gross operating margin -€57,538
down €57,538 (-50.9%), from €113,100 to €55,563
- Taxes -€19,985
down €19,985 (-56.3%), from €35,509 to €15,524
- Other operating charges +€3,654
up €3,654 (+107%), from €3,412 to €7,066
- Financial income +€2,021
up €2,021 (+591%), from €342 to €2,364
- Depreciation +€1,315
up €1,315 (+41.5%), from €3,167 to €4,482
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 | €268,407 | €298,474 | +€30,067 | +11.2% |
| Fixed assets | 21/28 | €108,504 | €106,260 | -€2,244 | -2.1% |
| Tangible fixed assets | 22/27 | €108,504 | €106,260 | -€2,244 | -2.1% |
| Land and buildings | 22 | €86,000 | €86,000 | = | 0.0% |
| Furniture and vehicles | 24 | €14,147 | €13,147 | -€999 | -7.1% |
| Other tangible fixed assets | 26 | €8,357 | €7,113 | -€1,244 | -14.9% |
| Current assets | 29/58 | €159,903 | €192,214 | +€32,311 | +20.2% |
| Amounts receivable within one year | 40/41 | €3,212 | €8,385 | +€5,173 | +161% |
| Trade receivables | 40 | €177 | €1,762 | +€1,585 | +898% |
| Other amounts receivable | 41 | €3,035 | €6,623 | +€3,588 | +118% |
| Current investments | 50/53 | €120,000 | - | -€120,000 | |
| Cash at bank and in hand | 54/58 | €33,601 | €180,842 | +€147,241 | +438% |
| Deferred charges and accrued income | 490/1 | €3,090 | €2,987 | -€103 | -3.3% |
| Total equity and liabilities | 10/49 | €268,407 | €298,474 | +€30,067 | +11.2% |
| Equity | 10/15 | €175,307 | €185,991 | +€10,685 | +6.1% |
| Contributions | 10/11 | €18,550 | €18,550 | = | 0.0% |
| Reserves | 13 | €154,294 | €164,979 | +€10,685 | +6.9% |
| Distributable reserves | 133 | €154,294 | €164,979 | +€10,685 | +6.9% |
| Profit (loss) carried forward | 14 | €2,462 | €2,462 | = | 0.0% |
| Amounts payable | 17/49 | €93,100 | €112,483 | +€19,383 | +20.8% |
| Amounts payable within one year | 42/48 | €93,100 | €112,483 | +€19,383 | +20.8% |
| Trade debts | 44 | €14,716 | €17,340 | +€2,624 | +17.8% |
| Suppliers | 440/4 | €14,716 | €17,340 | +€2,624 | +17.8% |
| Advances received on contracts in progress | 46 | €64,243 | €68,116 | +€3,872 | +6.0% |
| Taxes, remuneration and social security | 45 | €14,141 | €7,009 | -€7,132 | -50.4% |
| Taxes | 450/3 | €14,141 | €7,009 | -€7,132 | -50.4% |
| Other amounts payable | 47/48 | - | €20,019 | +€20,019 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,167 | €4,482 | +€1,315 | +41.5% |
| Other operating charges | 640/8 | €3,412 | €7,066 | +€3,654 | +107% |
| Gross operating margin | 9900 | €113,100 | €55,563 | -€57,538 | -50.9% |
| Operating profit (loss) | 9901 | €106,521 | €44,015 | -€62,507 | -58.7% |
| Financial income | 75/76B | €342 | €2,364 | +€2,021 | +591% |
| Recurring financial income | 75 | €342 | €2,364 | +€2,021 | +591% |
| Financial charges | 65/66B | €224 | €151 | -€73 | -32.6% |
| Recurring financial charges | 65 | €224 | €151 | -€73 | -32.6% |
| Profit (loss) for the period before taxes | 9903 | €106,640 | €46,227 | -€60,412 | -56.7% |
| Income taxes | 67/77 | €35,509 | €15,524 | -€19,985 | -56.3% |
| Profit (loss) for the period | 9904 | €71,130 | €30,703 | -€40,427 | -56.8% |
| Profit (loss) for the period to be appropriated | 9905 | €71,130 | €30,703 | -€40,427 | -56.8% |
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 14 October 2026 via checked.be.