FABELCOM: 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.
FABELCOM
Largest movements
- Receivables within one year -€124,609
down €124,609 (-69.7%), from €178,748 to €54,139
of which Trade receivables: -€126,459
- Tangible fixed assets -€66,911
down €66,911 (-13.0%), from €516,193 to €449,282
of which Land and buildings: -€66,247
- Intangible fixed assets -€14,254
down €14,254 (-20.0%), from €71,269 to €57,015
- Other debts -€162,031
down €162,031 (-52.4%), from €309,308 to €147,277
- Debts after one year -€30,711
down €30,711 (-79.9%), from €38,454 to €7,743
- Tax, wage and social debts -€16,364
down €16,364 (-45.4%), from €36,038 to €19,674
- Trade debts -€9,254
down €9,254 (-46.9%), from €19,744 to €10,490
- Depreciation +€36,578
up €36,578 (+45.2%), from €80,913 to €117,490
- Gross operating margin +€36,073
up €36,073 (+32.3%), from €111,745 to €147,818
- Financial charges +€3,988
up €3,988 (+34.5%), from €11,546 to €15,535
- Taxes -€1,655
down €1,655 (-27.1%), from €6,103 to €4,448
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 | €772,082 | €563,459 | -€208,623 | -27.0% |
| Fixed assets | 21/28 | €587,462 | €506,297 | -€81,165 | -13.8% |
| Intangible fixed assets | 21 | €71,269 | €57,015 | -€14,254 | -20.0% |
| Tangible fixed assets | 22/27 | €516,193 | €449,282 | -€66,911 | -13.0% |
| Land and buildings | 22 | €505,607 | €439,360 | -€66,247 | -13.1% |
| Plant, machinery and equipment | 23 | €2,270 | €8,732 | +€6,462 | +284.7% |
| Furniture and vehicles | 24 | €8,316 | €1,191 | -€7,125 | -85.7% |
| Current assets | 29/58 | €184,620 | €57,162 | -€127,458 | -69.0% |
| Amounts receivable within one year | 40/41 | €178,748 | €54,139 | -€124,609 | -69.7% |
| Trade receivables | 40 | €178,748 | €52,289 | -€126,459 | -70.7% |
| Other amounts receivable | 41 | - | €1,850 | +€1,850 | |
| Current investments | 50/53 | €8 | €3 | -€5 | -62.1% |
| Cash at bank and in hand | 54/58 | €5,864 | €3,020 | -€2,844 | -48.5% |
| Total equity and liabilities | 10/49 | €772,082 | €563,459 | -€208,623 | -27.0% |
| Equity | 10/15 | €325,451 | €330,477 | +€5,026 | +1.5% |
| Contributions | 10/11 | €100,000 | €100,000 | = | 0.0% |
| Reserves | 13 | €225,000 | €230,000 | +€5,000 | +2.2% |
| Non-distributable reserves | 130/1 | €2,500 | €2,500 | = | 0.0% |
| Reserves not available under the articles | 1311 | €2,500 | €2,500 | = | 0.0% |
| Distributable reserves | 133 | €222,500 | €227,500 | +€5,000 | +2.2% |
| Profit (loss) carried forward | 14 | €451 | €477 | +€26 | +5.7% |
| Amounts payable | 17/49 | €446,631 | €232,982 | -€213,648 | -47.8% |
| Amounts payable after more than one year | 17 | €38,454 | €7,743 | -€30,711 | -79.9% |
| Financial debts | 170/4 | €38,454 | €7,743 | -€30,711 | -79.9% |
| Amounts payable within one year | 42/48 | €395,390 | €208,153 | -€187,237 | -47.4% |
| Current portion of amounts payable after more than one year | 42 | €30,300 | €30,711 | +€412 | +1.4% |
| Trade debts | 44 | €19,744 | €10,490 | -€9,254 | -46.9% |
| Suppliers | 440/4 | €19,744 | €10,490 | -€9,254 | -46.9% |
| Taxes, remuneration and social security | 45 | €36,038 | €19,674 | -€16,364 | -45.4% |
| Taxes | 450/3 | €36,038 | €19,674 | -€16,364 | -45.4% |
| Other amounts payable | 47/48 | €309,308 | €147,277 | -€162,031 | -52.4% |
| Accrued charges and deferred income | 492/3 | €12,787 | €17,087 | +€4,300 | +33.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €80,913 | €117,490 | +€36,578 | +45.2% |
| Other operating charges | 640/8 | €4,951 | €5,322 | +€370 | +7.5% |
| Gross operating margin | 9900 | €111,745 | €147,818 | +€36,073 | +32.3% |
| Operating profit (loss) | 9901 | €25,881 | €25,006 | -€875 | -3.4% |
| Financial income | 75/76B | €322 | €3 | -€319 | -99.1% |
| Recurring financial income | 75 | €322 | €3 | -€319 | -99.1% |
| Financial charges | 65/66B | €11,546 | €15,535 | +€3,988 | +34.5% |
| Recurring financial charges | 65 | €11,546 | €15,535 | +€3,988 | +34.5% |
| Profit (loss) for the period before taxes | 9903 | €14,656 | €9,474 | -€5,182 | -35.4% |
| Income taxes | 67/77 | €6,103 | €4,448 | -€1,655 | -27.1% |
| Profit (loss) for the period | 9904 | €8,554 | €5,026 | -€3,528 | -41.2% |
| Profit (loss) for the period to be appropriated | 9905 | €8,554 | €5,026 | -€3,528 | -41.2% |
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 28 September 2026 via checked.be.