FABILEUX: 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.
FABILEUX
Largest movements
- Receivables within one year +€150,744
up €150,744 (+688.5%), from €21,895 to €172,639
of which Other amounts receivable: +€150,000
- Cash -€114,408
down €114,408 (-73.2%), from €156,226 to €41,819
mainly Receivables within one year (-€150,744) and Investment in fixed assets (net) (-€56,856)
- Tangible fixed assets +€47,874
up €47,874 (+471.7%), from €10,149 to €58,023
- Reserves +€84,318
up €84,318 (+94.5%), from €89,269 to €173,587
of which Distributable reserves: +€82,632
- Tax, wage and social debts +€10,514
up €10,514 (+23.0%), from €45,682 to €56,196
- Other debts -€4,794
down €4,794 (-99.7%), from €4,808 to €14
- Accrued charges and deferred income -€3,487
no longer reported in 2025 (was €3,487)
- Turnover +€246,696
up €246,696, from €0 to €246,696
- Purchases and services +€156,650
up €156,650, from €0 to €156,650
- Gross operating margin +€95,733
up €95,733 (+290.7%), from €32,927 to €128,660
- Taxes +€25,441
up €25,441 (+283.8%), from €8,964 to €34,405
- Depreciation +€6,126
up €6,126 (+214.5%), from €2,856 to €8,982
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 | €204,746 | €291,425 | +€86,679 | +42.3% |
| Fixed assets | 21/28 | €10,149 | €58,023 | +€47,874 | +471.7% |
| Intangible fixed assets | 21 | €0 | - | = | |
| Tangible fixed assets | 22/27 | €10,149 | €58,023 | +€47,874 | +471.7% |
| Furniture and vehicles | 24 | €10,149 | €58,023 | +€47,874 | +471.7% |
| Current assets | 29/58 | €194,597 | €233,402 | +€38,805 | +19.9% |
| Amounts receivable after more than one year | 29 | €0 | - | = | |
| Trade receivables | 290 | €0 | - | = | |
| Stocks and contracts in progress | 3 | €16,476 | €16,476 | = | 0.0% |
| Stocks | 30/36 | €16,476 | €16,476 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €21,895 | €172,639 | +€150,744 | +688.5% |
| Trade receivables | 40 | €21,895 | €22,639 | +€744 | +3.4% |
| Other amounts receivable | 41 | - | €150,000 | +€150,000 | |
| Cash at bank and in hand | 54/58 | €156,226 | €41,819 | -€114,408 | -73.2% |
| Deferred charges and accrued income | 490/1 | - | €2,469 | +€2,469 | |
| Total equity and liabilities | 10/49 | €204,746 | €291,425 | +€86,679 | +42.3% |
| Equity | 10/15 | €150,769 | €235,087 | +€84,318 | +55.9% |
| Contributions | 10/11 | €61,500 | €61,500 | = | 0.0% |
| Capital | 10 | €61,500 | €61,500 | = | 0.0% |
| Issued capital | 100 | €61,500 | €61,500 | = | 0.0% |
| Reserves | 13 | €89,269 | €173,587 | +€84,318 | +94.5% |
| Non-distributable reserves | 130/1 | €4,463 | €6,150 | +€1,687 | +37.8% |
| Legal reserve | 130 | €4,463 | €6,150 | +€1,687 | +37.8% |
| Distributable reserves | 133 | €84,805 | €167,437 | +€82,632 | +97.4% |
| Amounts payable | 17/49 | €53,978 | €56,338 | +€2,361 | +4.4% |
| Amounts payable within one year | 42/48 | €50,490 | €56,338 | +€5,848 | +11.6% |
| Trade debts | 44 | - | €128 | +€128 | |
| Suppliers | 440/4 | - | €128 | +€128 | |
| Taxes, remuneration and social security | 45 | €45,682 | €56,196 | +€10,514 | +23.0% |
| Taxes | 450/3 | €45,682 | €56,196 | +€10,514 | +23.0% |
| Other amounts payable | 47/48 | €4,808 | €14 | -€4,794 | -99.7% |
| Accrued charges and deferred income | 492/3 | €3,487 | - | -€3,487 | |
| Turnover | 70 | €0 | €246,696 | +€246,696 | |
| Non-recurring operating income | 76A | - | €38,613 | +€38,613 | |
| Goods, raw materials, services and sundry goods | 60/61 | €0 | €156,650 | +€156,650 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,856 | €8,982 | +€6,126 | +214.5% |
| Other operating charges | 640/8 | €580 | €820 | +€241 | +41.6% |
| Gross operating margin | 9900 | €32,927 | €128,660 | +€95,733 | +290.7% |
| Operating profit (loss) | 9901 | €29,491 | €118,858 | +€89,366 | +303.0% |
| Financial income | 75/76B | €1,246 | €0 | -€1,246 | -100.0% |
| Recurring financial income | 75 | €1,246 | €0 | -€1,246 | -100.0% |
| Financial charges | 65/66B | €78 | €134 | +€57 | +73.1% |
| Recurring financial charges | 65 | €78 | €134 | +€57 | +73.1% |
| Profit (loss) for the period before taxes | 9903 | €30,660 | €118,723 | +€88,063 | +287.2% |
| Income taxes | 67/77 | €8,964 | €34,405 | +€25,441 | +283.8% |
| Profit (loss) for the period | 9904 | €21,696 | €84,318 | +€62,622 | +288.6% |
| Profit (loss) for the period to be appropriated | 9905 | €21,696 | €84,318 | +€62,622 | +288.6% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 9 October 2026 via checked.be.