FABELOC: 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.
FABELOC
Largest movements
- Cash +€61,997
up €61,997 (+55.4%), from €111,917 to €173,914
mainly Net result for the year (+€48,488) and Depreciation (+€44,123)
- Receivables within one year -€23,074
down €23,074 (-21.5%), from €107,535 to €84,460
of which Trade receivables: -€29,927
- Tangible fixed assets -€23,033
down €23,033 (-14.2%), from €161,938 to €138,905
of which Furniture and vehicles: -€21,240
- Financial fixed assets +€19,000
up €19,000 (+3,629%), from €524 to €19,524
- Deferred charges and accrued income +€5,043
up €5,043 (+20.6%), from €24,461 to €29,504
- Other debts +€39,410
up €39,410 (+6,866%), from €574 to €39,984
- Reserves +€9,901
up €9,901 (+2.8%), from €351,431 to €361,332
- Trade debts -€4,487
down €4,487 (-25.1%), from €17,879 to €13,392
- Gross operating margin -€33,012
down €33,012 (-9.5%), from €346,654 to €313,642
- Staff costs +€22,325
up €22,325 (+13.4%), from €166,739 to €189,064
- Taxes -€19,875
down €19,875 (-50.0%), from €39,719 to €19,843
- Depreciation +€19,781
up €19,781 (+81.3%), from €24,343 to €44,123
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.
Derived cash bridge
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 | €406,373 | €446,307 | +€39,933 | +9.8% |
| Fixed assets | 21/28 | €162,462 | €158,428 | -€4,033 | -2.5% |
| Tangible fixed assets | 22/27 | €161,938 | €138,905 | -€23,033 | -14.2% |
| Furniture and vehicles | 24 | €160,145 | €138,905 | -€21,240 | -13.3% |
| Leasing and similar rights | 25 | €1,794 | - | -€1,794 | |
| Financial fixed assets | 28 | €524 | €19,524 | +€19,000 | +3,629% |
| Current assets | 29/58 | €243,912 | €287,878 | +€43,967 | +18.0% |
| Amounts receivable within one year | 40/41 | €107,535 | €84,460 | -€23,074 | -21.5% |
| Trade receivables | 40 | €98,392 | €68,465 | -€29,927 | -30.4% |
| Other amounts receivable | 41 | €9,142 | €15,995 | +€6,853 | +75.0% |
| Cash at bank and in hand | 54/58 | €111,917 | €173,914 | +€61,997 | +55.4% |
| Deferred charges and accrued income | 490/1 | €24,461 | €29,504 | +€5,043 | +20.6% |
| Total equity and liabilities | 10/49 | €406,373 | €446,307 | +€39,933 | +9.8% |
| Equity | 10/15 | €370,031 | €379,932 | +€9,901 | +2.7% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €351,431 | €361,332 | +€9,901 | +2.8% |
| Distributable reserves | 133 | €351,431 | €361,332 | +€9,901 | +2.8% |
| Amounts payable | 17/49 | €36,342 | €66,375 | +€30,032 | +82.6% |
| Amounts payable within one year | 42/48 | €34,340 | €64,715 | +€30,375 | +88.5% |
| Current portion of amounts payable after more than one year | 42 | €1,814 | - | -€1,814 | |
| Trade debts | 44 | €17,879 | €13,392 | -€4,487 | -25.1% |
| Suppliers | 440/4 | €17,879 | €13,392 | -€4,487 | -25.1% |
| Taxes, remuneration and social security | 45 | €14,073 | €11,338 | -€2,735 | -19.4% |
| Taxes | 450/3 | €2,365 | €2,063 | -€301 | -12.7% |
| Remuneration and social security | 454/9 | €11,708 | €9,275 | -€2,434 | -20.8% |
| Other amounts payable | 47/48 | €574 | €39,984 | +€39,410 | +6,866% |
| Accrued charges and deferred income | 492/3 | €2,002 | €1,660 | -€342 | -17.1% |
| Non-recurring operating income | 76A | €61,089 | - | -€61,089 | |
| Remuneration, social security and pensions | 62 | €166,739 | €189,064 | +€22,325 | +13.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €24,343 | €44,123 | +€19,781 | +81.3% |
| Other operating charges | 640/8 | €11,117 | €11,804 | +€687 | +6.2% |
| Gross operating margin | 9900 | €346,654 | €313,642 | -€33,012 | -9.5% |
| Operating profit (loss) | 9901 | €144,455 | €68,650 | -€75,805 | -52.5% |
| Financial income | 75/76B | - | €0 | +€0 | |
| Recurring financial income | 75 | - | €0 | +€0 | |
| Financial charges | 65/66B | €1,065 | €319 | -€746 | -70.0% |
| Recurring financial charges | 65 | €1,065 | €319 | -€746 | -70.0% |
| Profit (loss) for the period before taxes | 9903 | €143,390 | €68,331 | -€75,059 | -52.3% |
| Income taxes | 67/77 | €39,719 | €19,843 | -€19,875 | -50.0% |
| Profit (loss) for the period | 9904 | €103,671 | €48,488 | -€55,184 | -53.2% |
| Profit (loss) for the period to be appropriated | 9905 | €103,671 | €48,488 | -€55,184 | -53.2% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 14 October 2026 via checked.be.