FABEL: 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.
FABEL
Largest movements
- Tangible fixed assets -€22,332
down €22,332 (-50.0%), from €44,693 to €22,361
- Receivables within one year +€10,507
up €10,507 (+229.5%), from €4,578 to €15,085
of which Trade receivables: +€8,366
- Cash +€1,606
up €1,606 (+9.5%), from €16,912 to €18,519
mainly Depreciation (+€22,332) and Tax, wage and social debts (+€2,825)
- Deferred charges and accrued income +€789
up €789 (+356.1%), from €222 to €1,011
- Other debts -€7,455
down €7,455 (-16.1%), from €46,222 to €38,767
- Profit (loss) carried forward -€5,705
down €5,705 (-50.1%), from €11,394 to €5,689
- Tax, wage and social debts +€2,825
up €2,825 (+138.3%), from €2,043 to €4,868
of which Remuneration and social security: +€1,778
- Trade debts +€906
up €906 (+27.1%), from €3,347 to €4,253
- Gross operating margin -€10,513
down €10,513 (-23.8%), from €44,173 to €33,660
- Staff costs +€5,257
up €5,257 (+47.9%), from €10,980 to €16,237
- Depreciation +€1,281
up €1,281 (+6.1%), from €21,051 to €22,332
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 | €66,405 | €56,975 | -€9,430 | -14.2% |
| Fixed assets | 21/28 | €44,693 | €22,361 | -€22,332 | -50.0% |
| Tangible fixed assets | 22/27 | €44,693 | €22,361 | -€22,332 | -50.0% |
| Furniture and vehicles | 24 | €44,693 | €22,361 | -€22,332 | -50.0% |
| Current assets | 29/58 | €21,712 | €34,615 | +€12,903 | +59.4% |
| Amounts receivable within one year | 40/41 | €4,578 | €15,085 | +€10,507 | +229.5% |
| Trade receivables | 40 | €4,578 | €12,944 | +€8,366 | +182.7% |
| Other amounts receivable | 41 | - | €2,141 | +€2,141 | |
| Cash at bank and in hand | 54/58 | €16,912 | €18,519 | +€1,606 | +9.5% |
| Deferred charges and accrued income | 490/1 | €222 | €1,011 | +€789 | +356.1% |
| Total equity and liabilities | 10/49 | €66,405 | €56,975 | -€9,430 | -14.2% |
| Equity | 10/15 | €14,794 | €9,089 | -€5,705 | -38.6% |
| Contributions | 10/11 | €3,400 | €3,400 | = | 0.0% |
| Profit (loss) carried forward | 14 | €11,394 | €5,689 | -€5,705 | -50.1% |
| Amounts payable | 17/49 | €51,612 | €47,887 | -€3,725 | -7.2% |
| Amounts payable within one year | 42/48 | €51,612 | €47,887 | -€3,725 | -7.2% |
| Trade debts | 44 | €3,347 | €4,253 | +€906 | +27.1% |
| Suppliers | 440/4 | €3,347 | €4,253 | +€906 | +27.1% |
| Taxes, remuneration and social security | 45 | €2,043 | €4,868 | +€2,825 | +138.3% |
| Taxes | 450/3 | €1,181 | €2,228 | +€1,047 | +88.7% |
| Remuneration and social security | 454/9 | €862 | €2,640 | +€1,778 | +206.3% |
| Other amounts payable | 47/48 | €46,222 | €38,767 | -€7,455 | -16.1% |
| Remuneration, social security and pensions | 62 | €10,980 | €16,237 | +€5,257 | +47.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €21,051 | €22,332 | +€1,281 | +6.1% |
| Other operating charges | 640/8 | €472 | €487 | +€15 | +3.2% |
| Gross operating margin | 9900 | €44,173 | €33,660 | -€10,513 | -23.8% |
| Operating profit (loss) | 9901 | €11,669 | -€5,396 | -€17,065 | |
| Financial income | 75/76B | €65 | €5 | -€60 | -91.8% |
| Recurring financial income | 75 | €65 | €5 | -€60 | -91.8% |
| Financial charges | 65/66B | €355 | €126 | -€228 | -64.4% |
| Recurring financial charges | 65 | €355 | €126 | -€228 | -64.4% |
| Profit (loss) for the period before taxes | 9903 | €11,379 | -€5,517 | -€16,897 | |
| Income taxes | 67/77 | €405 | €188 | -€217 | -53.6% |
| Profit (loss) for the period | 9904 | €10,975 | -€5,705 | -€16,680 | |
| Profit (loss) for the period to be appropriated | 9905 | €10,975 | -€5,705 | -€16,680 |
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 6 October 2026 via checked.be.