FABMA: 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.
FABMA
Largest movements
- Cash -€5,885
down €5,885 (-4.6%), from €128,172 to €122,288
mainly Debts after one year (-€11,825) and Investment in fixed assets (net) (-€5,593)
- Debts after one year -€11,825
down €11,825 (-40.5%), from €29,230 to €17,406
- Reserves +€8,474
up €8,474 (+3.3%), from €259,485 to €267,959
- Tax, wage and social debts -€4,877
down €4,877 (-85.2%), from €5,722 to €846
- Gross operating margin -€2,802
down €2,802 (-8.6%), from €32,423 to €29,621
- Taxes -€1,622
down €1,622 (-28.3%), from €5,722 to €4,101
- Depreciation +€1,194
up €1,194 (+16.5%), from €7,257 to €8,451
- Other operating charges +€1,052
up €1,052 (+16.2%), from €6,474 to €7,526
- Financial charges -€703
down €703 (-30.0%), from €2,341 to €1,638
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 | €344,372 | €334,773 | -€9,599 | -2.8% |
| Fixed assets | 21/28 | €215,062 | €212,205 | -€2,858 | -1.3% |
| Tangible fixed assets | 22/27 | €215,062 | €212,205 | -€2,858 | -1.3% |
| Land and buildings | 22 | €215,062 | €211,043 | -€4,020 | -1.9% |
| Plant, machinery and equipment | 23 | - | €1,162 | +€1,162 | |
| Current assets | 29/58 | €129,310 | €122,568 | -€6,741 | -5.2% |
| Amounts receivable within one year | 40/41 | €1,137 | €0 | -€1,137 | -100.0% |
| Other amounts receivable | 41 | €1,137 | €0 | -€1,137 | -100.0% |
| Cash at bank and in hand | 54/58 | €128,172 | €122,288 | -€5,885 | -4.6% |
| Deferred charges and accrued income | 490/1 | - | €281 | +€281 | |
| Total equity and liabilities | 10/49 | €344,372 | €334,773 | -€9,599 | -2.8% |
| Equity | 10/15 | €290,485 | €298,959 | +€8,474 | +2.9% |
| Contributions | 10/11 | €31,000 | €31,000 | = | 0.0% |
| Reserves | 13 | €259,485 | €267,959 | +€8,474 | +3.3% |
| Distributable reserves | 133 | €259,485 | €267,959 | +€8,474 | +3.3% |
| Amounts payable | 17/49 | €53,887 | €35,814 | -€18,073 | -33.5% |
| Amounts payable after more than one year | 17 | €29,230 | €17,406 | -€11,825 | -40.5% |
| Financial debts | 170/4 | €29,230 | €17,406 | -€11,825 | -40.5% |
| Amounts payable within one year | 42/48 | €24,657 | €18,408 | -€6,249 | -25.3% |
| Current portion of amounts payable after more than one year | 42 | €11,456 | €11,825 | +€369 | +3.2% |
| Trade debts | 44 | €2,877 | €1,823 | -€1,055 | -36.7% |
| Suppliers | 440/4 | €2,877 | €1,823 | -€1,055 | -36.7% |
| Taxes, remuneration and social security | 45 | €5,722 | €846 | -€4,877 | -85.2% |
| Taxes | 450/3 | €5,722 | €846 | -€4,877 | -85.2% |
| Other amounts payable | 47/48 | €4,601 | €3,915 | -€686 | -14.9% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,257 | €8,451 | +€1,194 | +16.5% |
| Other operating charges | 640/8 | €6,474 | €7,526 | +€1,052 | +16.2% |
| Gross operating margin | 9900 | €32,423 | €29,621 | -€2,802 | -8.6% |
| Operating profit (loss) | 9901 | €18,692 | €13,644 | -€5,048 | -27.0% |
| Financial income | 75/76B | €354 | €568 | +€215 | +60.6% |
| Recurring financial income | 75 | €354 | €568 | +€215 | +60.6% |
| Financial charges | 65/66B | €2,341 | €1,638 | -€703 | -30.0% |
| Recurring financial charges | 65 | €2,341 | €1,638 | -€703 | -30.0% |
| Profit (loss) for the period before taxes | 9903 | €16,705 | €12,575 | -€4,130 | -24.7% |
| Income taxes | 67/77 | €5,722 | €4,101 | -€1,622 | -28.3% |
| Profit (loss) for the period | 9904 | €10,983 | €8,474 | -€2,509 | -22.8% |
| Profit (loss) for the period to be appropriated | 9905 | €10,983 | €8,474 | -€2,509 | -22.8% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 3 October 2026 via checked.be.