FABELECO: 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.
FABELECO
Largest movements
- Cash +€30,608
up €30,608 (+433.6%), from €7,059 to €37,668
mainly Depreciation (+€27,727) and Net result for the year (+€9,652)
- Tangible fixed assets -€27,727
down €27,727 (-5.6%), from €499,404 to €471,677
of which Land and buildings: -€23,333
- Receivables within one year -€9,168
down €9,168 (-63.0%), from €14,556 to €5,388
- Debts after one year -€14,997
down €14,997 (-22.0%), from €68,148 to €53,151
- Reserves +€9,000
up €9,000 (+5.4%), from €167,235 to €176,235
of which Distributable reserves: +€9,000
- Gross operating margin -€131,759
down €131,759 (-70.6%), from €186,750 to €54,991
- Taxes -€25,560
down €25,560 (-84.6%), from €30,215 to €4,655
- Financial income +€2,608
up €2,608 (+1448850.0%), from €0 to €2,608
- Financial charges +€2,328
up €2,328 (+21.6%), from €10,768 to €13,096
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 | €521,019 | €514,774 | -€6,245 | -1.2% |
| Fixed assets | 21/28 | €499,404 | €471,677 | -€27,727 | -5.6% |
| Tangible fixed assets | 22/27 | €499,404 | €471,677 | -€27,727 | -5.6% |
| Land and buildings | 22 | €492,548 | €469,216 | -€23,333 | -4.7% |
| Plant, machinery and equipment | 23 | €1,028 | €531 | -€497 | -48.3% |
| Furniture and vehicles | 24 | €5,828 | €1,930 | -€3,898 | -66.9% |
| Current assets | 29/58 | €21,615 | €43,098 | +€21,482 | +99.4% |
| Amounts receivable within one year | 40/41 | €14,556 | €5,388 | -€9,168 | -63.0% |
| Other amounts receivable | 41 | €14,556 | €5,388 | -€9,168 | -63.0% |
| Cash at bank and in hand | 54/58 | €7,059 | €37,668 | +€30,608 | +433.6% |
| Deferred charges and accrued income | 490/1 | - | €42 | +€42 | |
| Total equity and liabilities | 10/49 | €521,019 | €514,774 | -€6,245 | -1.2% |
| Equity | 10/15 | €265,838 | €275,490 | +€9,652 | +3.6% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Outside capital | 11 | €18,600 | €18,600 | = | 0.0% |
| Other | 1109/19 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €167,235 | €176,235 | +€9,000 | +5.4% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Tax-exempt reserves | 132 | €52,625 | €52,625 | = | 0.0% |
| Distributable reserves | 133 | €112,750 | €121,750 | +€9,000 | +8.0% |
| Profit (loss) carried forward | 14 | €80,003 | €80,655 | +€652 | +0.8% |
| Amounts payable | 17/49 | €255,181 | €239,284 | -€15,897 | -6.2% |
| Amounts payable after more than one year | 17 | €68,148 | €53,151 | -€14,997 | -22.0% |
| Financial debts | 170/4 | €68,148 | €53,151 | -€14,997 | -22.0% |
| Amounts payable within one year | 42/48 | €187,033 | €186,133 | -€900 | -0.5% |
| Current portion of amounts payable after more than one year | 42 | €14,752 | €14,997 | +€246 | +1.7% |
| Trade debts | 44 | - | €88 | +€88 | |
| Suppliers | 440/4 | - | €88 | +€88 | |
| Advances received on contracts in progress | 46 | €422 | - | -€422 | |
| Taxes, remuneration and social security | 45 | €2,684 | €3,446 | +€762 | +28.4% |
| Taxes | 450/3 | €2,684 | €3,446 | +€762 | +28.4% |
| Other amounts payable | 47/48 | €169,176 | €167,603 | -€1,573 | -0.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €28,893 | €27,727 | -€1,166 | -4.0% |
| Other operating charges | 640/8 | €2,372 | €2,469 | +€97 | +4.1% |
| Gross operating margin | 9900 | €186,750 | €54,991 | -€131,759 | -70.6% |
| Operating profit (loss) | 9901 | €155,485 | €24,795 | -€130,690 | -84.1% |
| Financial income | 75/76B | €0 | €2,608 | +€2,608 | +1448850.0% |
| Recurring financial income | 75 | €0 | €2,608 | +€2,608 | +1448850.0% |
| Financial charges | 65/66B | €10,768 | €13,096 | +€2,328 | +21.6% |
| Recurring financial charges | 65 | €10,768 | €13,096 | +€2,328 | +21.6% |
| Profit (loss) for the period before taxes | 9903 | €144,717 | €14,307 | -€130,410 | -90.1% |
| Income taxes | 67/77 | €30,215 | €4,655 | -€25,560 | -84.6% |
| Profit (loss) for the period | 9904 | €114,502 | €9,652 | -€104,850 | -91.6% |
| Transfer to tax-exempt reserves | 689 | €52,625 | - | -€52,625 | |
| Profit (loss) for the period to be appropriated | 9905 | €61,877 | €9,652 | -€52,225 | -84.4% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 30 September 2026 via checked.be.