FABIOLA: 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.
FABIOLA
Largest movements
- Current investments +€1.0m
up €1.0m (+69.5%), from €1.5m to €2.5m
- Stocks and contracts -€618,956
down €618,956 (-91.7%), from €675,225 to €56,269
- Deferred charges and accrued income +€492,751
up €492,751 (+298,276%), from €165 to €492,917
- Receivables within one year -€282,306
down €282,306 (-28.9%), from €976,135 to €693,829
of which Other amounts receivable: -€282,416
- Financial fixed assets -€253,061
down €253,061 (-1.7%), from €14.9m to €14.7m
- Reserves +€401,390
up €401,390 (+5.4%), from €7.4m to €7.8m
of which Distributable reserves: +€381,321
- Financial income -€855,600
down €855,600 (-79.1%), from €1.1m to €226,459
of which Financial income: -€856,896
- Gross operating margin -€421,332
down €421,332 (-56.2%), from €750,230 to €328,898
- Taxes +€60,596
up €60,596 (+92.4%), from €65,570 to €126,166
- Financial charges -€14,122
down €14,122 (-34.7%), from €40,648 to €26,526
of which Non-recurring financial charges: -€11,596
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 | €18,057,373 | €18,464,212 | +€406,839 | +2.3% |
| Fixed assets | 21/28 | €14,921,811 | €14,668,751 | -€253,061 | -1.7% |
| Financial fixed assets | 28 | €14,921,811 | €14,668,751 | -€253,061 | -1.7% |
| Current assets | 29/58 | €3,135,562 | €3,795,461 | +€659,900 | +21.0% |
| Stocks and contracts in progress | 3 | €675,225 | €56,269 | -€618,956 | -91.7% |
| Stocks | 30/36 | €675,225 | €56,269 | -€618,956 | -91.7% |
| Amounts receivable within one year | 40/41 | €976,135 | €693,829 | -€282,306 | -28.9% |
| Trade receivables | 40 | €113 | €223 | +€110 | +97.1% |
| Other amounts receivable | 41 | €976,022 | €693,606 | -€282,416 | -28.9% |
| Current investments | 50/53 | €1,475,000 | €2,500,000 | +€1.0m | +69.5% |
| Cash at bank and in hand | 54/58 | €9,037 | €52,447 | +€43,410 | +480% |
| Deferred charges and accrued income | 490/1 | €165 | €492,917 | +€492,751 | +298,276% |
| Total equity and liabilities | 10/49 | €18,057,373 | €18,464,212 | +€406,839 | +2.3% |
| Equity | 10/15 | €17,660,956 | €18,062,346 | +€401,390 | +2.3% |
| Contributions | 10/11 | €10,261,348 | €10,261,348 | = | 0.0% |
| Capital | 10 | €10,261,348 | €10,261,348 | = | 0.0% |
| Issued capital | 100 | €10,261,348 | €10,261,348 | = | 0.0% |
| Reserves | 13 | €7,399,608 | €7,800,998 | +€401,390 | +5.4% |
| Non-distributable reserves | 130/1 | €472,810 | €492,879 | +€20,070 | +4.2% |
| Legal reserve | 130 | €472,810 | €492,879 | +€20,070 | +4.2% |
| Distributable reserves | 133 | €6,926,798 | €7,308,119 | +€381,321 | +5.5% |
| Amounts payable | 17/49 | €396,417 | €401,866 | +€5,449 | +1.4% |
| Amounts payable within one year | 42/48 | €379,150 | €379,024 | -€126 | 0.0% |
| Financial debts | 43 | €0 | - | = | |
| Credit institutions | 430/8 | €0 | - | = | |
| Trade debts | 44 | €126 | €0 | -€126 | -100% |
| Suppliers | 440/4 | €126 | €0 | -€126 | -100% |
| Other amounts payable | 47/48 | €379,024 | €379,024 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | €17,267 | €22,842 | +€5,575 | +32.3% |
| Non-recurring operating income | 76A | - | €26,352 | +€26,352 | |
| Other operating charges | 640/8 | €1,331 | €1,274 | -€58 | -4.3% |
| Gross operating margin | 9900 | €750,230 | €328,898 | -€421,332 | -56.2% |
| Operating profit (loss) | 9901 | €748,899 | €327,624 | -€421,275 | -56.3% |
| Financial income | 75/76B | €1,082,059 | €226,459 | -€855,600 | -79.1% |
| Recurring financial income | 75 | €1,082,059 | €225,163 | -€856,896 | -79.2% |
| Non-recurring financial income | 76B | - | €1,296 | +€1,296 | |
| Financial charges | 65/66B | €40,648 | €26,526 | -€14,122 | -34.7% |
| Recurring financial charges | 65 | €25,469 | €22,943 | -€2,526 | -9.9% |
| Non-recurring financial charges | 66B | €15,179 | €3,583 | -€11,596 | -76.4% |
| Profit (loss) for the period before taxes | 9903 | €1,790,310 | €527,557 | -€1.3m | -70.5% |
| Income taxes | 67/77 | €65,570 | €126,166 | +€60,596 | +92.4% |
| Profit (loss) for the period | 9904 | €1,724,740 | €401,390 | -€1.3m | -76.7% |
| Profit (loss) for the period to be appropriated | 9905 | €1,724,740 | €401,390 | -€1.3m | -76.7% |
Source: filed annual accounts (NBB), financial years ended 30 November 2024 and 30 November 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 14 October 2026 via checked.be.