FABELEC: 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.
FABELEC
Largest movements
- Cash +€88,784
up €88,784 (+70.3%), from €126,276 to €215,061
mainly Stocks and contracts (+€46,023) and Receivables within one year (+€29,600)
- Stocks and contracts -€46,023
down €46,023 (-93.9%), from €49,004 to €2,981
of which Contracts in progress: -€42,578
- Receivables within one year -€29,600
down €29,600 (-24.1%), from €122,660 to €93,060
of which Trade receivables: -€67,247
- Tax, wage and social debts -€16,433
down €16,433 (-73.4%), from €22,384 to €5,951
of which Taxes: -€14,355
- Trade debts +€14,224
up €14,224 (+19.6%), from €72,513 to €86,737
- Other debts +€11,574
up €11,574 (+9.1%), from €126,877 to €138,452
- Reserves -€11,192
down €11,192 (-14.3%), from €78,179 to €66,987
- Profit (loss) carried forward +€9,384
up €9,384, from €0 to €9,384
- Financial charges -€7,912
down €7,912 (-93.7%), from €8,444 to €532
of which Financial charges: -€7,912
- Taxes +€2,816
up €2,816 (+69.5%), from €4,049 to €6,865
- Depreciation +€2,730
up €2,730 (+100.4%), from €2,719 to €5,449
- Gross operating margin +€663
up €663 (+2.8%), from €23,628 to €24,292
- Other operating charges -€317
down €317 (-25.0%), from €1,268 to €951
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 | €313,253 | €325,677 | +€12,424 | +4.0% |
| Fixed assets | 21/28 | €12,112 | €13,628 | +€1,516 | +12.5% |
| Tangible fixed assets | 22/27 | €12,112 | €12,878 | +€766 | +6.3% |
| Plant, machinery and equipment | 23 | €2,503 | €2,671 | +€168 | +6.7% |
| Furniture and vehicles | 24 | €9,609 | €10,207 | +€598 | +6.2% |
| Financial fixed assets | 28 | - | €750 | +€750 | |
| Current assets | 29/58 | €301,142 | €312,049 | +€10,908 | +3.6% |
| Stocks and contracts in progress | 3 | €49,004 | €2,981 | -€46,023 | -93.9% |
| Stocks | 30/36 | €3,445 | - | -€3,445 | |
| Contracts in progress | 37 | €45,558 | €2,981 | -€42,578 | -93.5% |
| Amounts receivable within one year | 40/41 | €122,660 | €93,060 | -€29,600 | -24.1% |
| Trade receivables | 40 | €110,516 | €43,269 | -€67,247 | -60.8% |
| Other amounts receivable | 41 | €12,144 | €49,791 | +€37,647 | +310.0% |
| Cash at bank and in hand | 54/58 | €126,276 | €215,061 | +€88,784 | +70.3% |
| Deferred charges and accrued income | 490/1 | €3,201 | €949 | -€2,253 | -70.4% |
| Total equity and liabilities | 10/49 | €313,253 | €325,677 | +€12,424 | +4.0% |
| Equity | 10/15 | €90,579 | €88,771 | -€1,807 | -2.0% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €78,179 | €66,987 | -€11,192 | -14.3% |
| Distributable reserves | 133 | €78,179 | €66,987 | -€11,192 | -14.3% |
| Profit (loss) carried forward | 14 | €0 | €9,384 | +€9,384 | |
| Amounts payable | 17/49 | €222,674 | €236,906 | +€14,231 | +6.4% |
| Amounts payable within one year | 42/48 | €221,774 | €236,906 | +€15,131 | +6.8% |
| Trade debts | 44 | €72,513 | €86,737 | +€14,224 | +19.6% |
| Suppliers | 440/4 | €72,513 | €86,737 | +€14,224 | +19.6% |
| Advances received on contracts in progress | 46 | - | €5,766 | +€5,766 | |
| Taxes, remuneration and social security | 45 | €22,384 | €5,951 | -€16,433 | -73.4% |
| Taxes | 450/3 | €20,306 | €5,951 | -€14,355 | -70.7% |
| Remuneration and social security | 454/9 | €2,078 | - | -€2,078 | |
| Other amounts payable | 47/48 | €126,877 | €138,452 | +€11,574 | +9.1% |
| Accrued charges and deferred income | 492/3 | €900 | - | -€900 | |
| Remuneration, social security and pensions | 62 | €230 | €261 | +€31 | +13.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,719 | €5,449 | +€2,730 | +100.4% |
| Other operating charges | 640/8 | €1,268 | €951 | -€317 | -25.0% |
| Gross operating margin | 9900 | €23,628 | €24,292 | +€663 | +2.8% |
| Operating profit (loss) | 9901 | €19,412 | €17,631 | -€1,781 | -9.2% |
| Financial income | 75/76B | €101 | €10 | -€91 | -90.5% |
| Recurring financial income | 75 | €101 | €10 | -€91 | -90.5% |
| Financial charges | 65/66B | €8,444 | €532 | -€7,912 | -93.7% |
| Recurring financial charges | 65 | €8,444 | €532 | -€7,912 | -93.7% |
| Non-recurring financial charges | 66B | €0 | - | = | |
| Profit (loss) for the period before taxes | 9903 | €11,068 | €17,108 | +€6,040 | +54.6% |
| Income taxes | 67/77 | €4,049 | €6,865 | +€2,816 | +69.5% |
| Profit (loss) for the period | 9904 | €7,019 | €10,243 | +€3,224 | +45.9% |
| Profit (loss) for the period to be appropriated | 9905 | €7,019 | €10,243 | +€3,224 | +45.9% |
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 7 October 2026 via checked.be.