FABIAN: 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.
FABIAN
Largest movements
- Receivables within one year +€243,250
up €243,250 (+144.4%), from €168,470 to €411,719
of which Trade receivables: +€224,329
- Cash -€45,025
down €45,025 (-50.2%), from €89,732 to €44,707
mainly Receivables within one year (-€243,250) and Deferred charges and accrued income (-€4,089)
- Trade debts +€173,850
up €173,850 (+166.6%), from €104,352 to €278,202
- Profit (loss) carried forward +€18,217
up €18,217 (+22.1%), from €82,473 to €100,690
- Other debts +€5,493
up €5,493 (+11.5%), from €47,925 to €53,418
- Other operating charges -€9,617
down €9,617 (-87.2%), from €11,031 to €1,414
- Gross operating margin +€4,221
up €4,221 (+17.5%), from €24,106 to €28,327
- Taxes +€3,780
up €3,780 (+242.2%), from €1,560 to €5,340
- Depreciation -€3,441
down €3,441 (-69.6%), from €4,944 to €1,502
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 | €266,438 | €468,586 | +€202,148 | +75.9% |
| Fixed assets | 21/28 | €6,567 | €6,402 | -€165 | -2.5% |
| Tangible fixed assets | 22/27 | €1,967 | €1,802 | -€165 | -8.4% |
| Plant, machinery and equipment | 23 | €1,009 | €1,445 | +€437 | +43.3% |
| Furniture and vehicles | 24 | €959 | €357 | -€602 | -62.8% |
| Financial fixed assets | 28 | €4,600 | €4,600 | = | 0.0% |
| Current assets | 29/58 | €259,871 | €462,184 | +€202,313 | +77.9% |
| Amounts receivable within one year | 40/41 | €168,470 | €411,719 | +€243,250 | +144.4% |
| Trade receivables | 40 | €152,823 | €377,152 | +€224,329 | +146.8% |
| Other amounts receivable | 41 | €15,647 | €34,567 | +€18,920 | +120.9% |
| Cash at bank and in hand | 54/58 | €89,732 | €44,707 | -€45,025 | -50.2% |
| Deferred charges and accrued income | 490/1 | €1,669 | €5,758 | +€4,089 | +245.1% |
| Total equity and liabilities | 10/49 | €266,438 | €468,586 | +€202,148 | +75.9% |
| Equity | 10/15 | €102,933 | €121,150 | +€18,217 | +17.7% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €82,473 | €100,690 | +€18,217 | +22.1% |
| Amounts payable | 17/49 | €163,505 | €347,436 | +€183,931 | +112.5% |
| Amounts payable within one year | 42/48 | €163,505 | €347,436 | +€183,931 | +112.5% |
| Trade debts | 44 | €104,352 | €278,202 | +€173,850 | +166.6% |
| Suppliers | 440/4 | €104,352 | €278,202 | +€173,850 | +166.6% |
| Taxes, remuneration and social security | 45 | €11,227 | €15,815 | +€4,588 | +40.9% |
| Taxes | 450/3 | €3,877 | €6,165 | +€2,288 | +59.0% |
| Remuneration and social security | 454/9 | €7,350 | €9,650 | +€2,300 | +31.3% |
| Other amounts payable | 47/48 | €47,925 | €53,418 | +€5,493 | +11.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,944 | €1,502 | -€3,441 | -69.6% |
| Other operating charges | 640/8 | €11,031 | €1,414 | -€9,617 | -87.2% |
| Non-recurring operating charges | 66A | - | €501 | +€501 | |
| Gross operating margin | 9900 | €24,106 | €28,327 | +€4,221 | +17.5% |
| Operating profit (loss) | 9901 | €8,132 | €24,910 | +€16,778 | +206.3% |
| Financial income | 75/76B | €2 | - | -€2 | |
| Recurring financial income | 75 | €2 | - | -€2 | |
| Financial charges | 65/66B | €1,404 | €1,352 | -€52 | -3.7% |
| Recurring financial charges | 65 | €1,404 | €1,352 | -€52 | -3.7% |
| Profit (loss) for the period before taxes | 9903 | €6,730 | €23,558 | +€16,828 | +250.1% |
| Income taxes | 67/77 | €1,560 | €5,340 | +€3,780 | +242.2% |
| Profit (loss) for the period | 9904 | €5,169 | €18,217 | +€13,048 | +252.4% |
| Profit (loss) for the period to be appropriated | 9905 | €5,169 | €18,217 | +€13,048 | +252.4% |
Source: filed annual accounts (NBB), fiscal years ended 30 April 2024 and 30 April 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 4 October 2026 via checked.be.