FABELEC: 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.
FABELEC
Largest movements
- Cash +€21,045
up €21,045 (+22.3%), from €94,387 to €115,432
mainly Trade debts (+€17,117) and Other debts (+€11,256)
- Receivables within one year +€9,902
up €9,902 (+77.4%), from €12,795 to €22,697
of which Trade receivables: +€10,682
- Tangible fixed assets +€3,796
up €3,796 (+50.1%), from €7,575 to €11,372
of which Furniture and vehicles: +€5,471
- Financial fixed assets +€1,800
up €1,800 (+15.6%), from €11,548 to €13,348
- Deferred charges and accrued income -€1,642
down €1,642 (-82.0%), from €2,002 to €359
- Trade debts +€17,117
up €17,117 (+68.5%), from €24,998 to €42,116
- Other debts +€11,256
up €11,256 (+56.5%), from €19,932 to €31,188
- Short-term financial debts +€7,933
new in 2024: €7,933
- Tax, wage and social debts -€6,154
down €6,154 (-60.9%), from €10,104 to €3,950
- Profit (loss) carried forward +€4,791
up €4,791 (+19.4%), from €24,666 to €29,457
- Depreciation -€2,748
down €2,748 (-44.7%), from €6,144 to €3,396
- Gross operating margin -€2,078
down €2,078 (-12.3%), from €16,953 to €14,876
- Other operating charges +€694
up €694 (+88.2%), from €787 to €1,482
- Taxes -€241
down €241 (-5.7%), from €4,191 to €3,950
- Financial charges +€176
up €176 (+15.9%), from €1,108 to €1,284
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €129,232 | €164,133 | +€34,901 | +27.0% |
| Fixed assets | 21/28 | €19,123 | €24,720 | +€5,596 | +29.3% |
| Tangible fixed assets | 22/27 | €7,575 | €11,372 | +€3,796 | +50.1% |
| Plant, machinery and equipment | 23 | €5,236 | €3,561 | -€1,675 | -32.0% |
| Furniture and vehicles | 24 | €2,339 | €7,810 | +€5,471 | +233.9% |
| Financial fixed assets | 28 | €11,548 | €13,348 | +€1,800 | +15.6% |
| Current assets | 29/58 | €110,109 | €139,413 | +€29,304 | +26.6% |
| Stocks and contracts in progress | 3 | €925 | €925 | = | 0.0% |
| Stocks | 30/36 | €925 | €925 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €12,795 | €22,697 | +€9,902 | +77.4% |
| Trade receivables | 40 | €8,134 | €18,815 | +€10,682 | +131.3% |
| Other amounts receivable | 41 | €4,661 | €3,882 | -€780 | -16.7% |
| Cash at bank and in hand | 54/58 | €94,387 | €115,432 | +€21,045 | +22.3% |
| Deferred charges and accrued income | 490/1 | €2,002 | €359 | -€1,642 | -82.0% |
| Total equity and liabilities | 10/49 | €129,232 | €164,133 | +€34,901 | +27.0% |
| Equity | 10/15 | €32,726 | €37,517 | +€4,791 | +14.6% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €24,666 | €29,457 | +€4,791 | +19.4% |
| Amounts payable | 17/49 | €96,506 | €126,616 | +€30,109 | +31.2% |
| Amounts payable within one year | 42/48 | €55,034 | €85,243 | +€30,209 | +54.9% |
| Financial debts | 43 | - | €7,933 | +€7,933 | |
| Credit institutions | 430/8 | - | €7,933 | +€7,933 | |
| Trade debts | 44 | €24,998 | €42,116 | +€17,117 | +68.5% |
| Suppliers | 440/4 | €24,998 | €42,116 | +€17,117 | +68.5% |
| Advances received on contracts in progress | 46 | - | €56 | +€56 | |
| Taxes, remuneration and social security | 45 | €10,104 | €3,950 | -€6,154 | -60.9% |
| Taxes | 450/3 | €10,104 | €3,950 | -€6,154 | -60.9% |
| Other amounts payable | 47/48 | €19,932 | €31,188 | +€11,256 | +56.5% |
| Accrued charges and deferred income | 492/3 | €41,472 | €41,373 | -€100 | -0.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,144 | €3,396 | -€2,748 | -44.7% |
| Other operating charges | 640/8 | €787 | €1,482 | +€694 | +88.2% |
| Non-recurring operating charges | 66A | €2,625 | - | -€2,625 | |
| Gross operating margin | 9900 | €16,953 | €14,876 | -€2,078 | -12.3% |
| Operating profit (loss) | 9901 | €7,397 | €9,998 | +€2,601 | +35.2% |
| Financial income | 75/76B | €6 | €28 | +€22 | +370.6% |
| Recurring financial income | 75 | €6 | €28 | +€22 | +370.6% |
| Financial charges | 65/66B | €1,108 | €1,284 | +€176 | +15.9% |
| Recurring financial charges | 65 | €1,108 | €1,284 | +€176 | +15.9% |
| Profit (loss) for the period before taxes | 9903 | €6,294 | €8,741 | +€2,447 | +38.9% |
| Income taxes | 67/77 | €4,191 | €3,950 | -€241 | -5.7% |
| Profit (loss) for the period | 9904 | €2,104 | €4,791 | +€2,687 | +127.7% |
| Profit (loss) for the period to be appropriated | 9905 | €2,104 | €4,791 | +€2,687 | +127.7% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 12 October 2026 via checked.be.