FABRY: 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.
FABRY
Largest movements
- Receivables after one year +€85,000
new in 2025: €85,000
- Current investments -€75,000
down €75,000 (-42.9%), from €175,000 to €100,000
- Cash +€19,805
up €19,805 (+96.0%), from €20,631 to €40,437
mainly Current investments (+€75,000) and Depreciation (+€14,000)
- Tangible fixed assets -€14,000
down €14,000 (-8.2%), from €170,243 to €156,243
- Deferred charges and accrued income +€7,250
up €7,250 (+453.1%), from €1,600 to €8,850
- Reserves +€12,090
up €12,090 (+11.3%), from €106,853 to €118,943
of which Non-distributable reserves: +€8,079
- Tax, wage and social debts +€6,992
new in 2025: €6,992
- Gross operating margin +€5,127
up €5,127 (+17.6%), from €29,090 to €34,217
- Taxes +€1,690
up €1,690 (+26.9%), from €6,287 to €7,977
- Financial income -€389
down €389 (-8.8%), from €4,417 to €4,028
- Depreciation +€350
up €350 (+2.6%), from €13,650 to €14,000
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 | €375,496 | €391,568 | +€16,071 | +4.3% |
| Fixed assets | 21/28 | €170,243 | €156,243 | -€14,000 | -8.2% |
| Tangible fixed assets | 22/27 | €170,243 | €156,243 | -€14,000 | -8.2% |
| Land and buildings | 22 | €170,243 | €156,243 | -€14,000 | -8.2% |
| Current assets | 29/58 | €205,253 | €235,325 | +€30,072 | +14.7% |
| Amounts receivable after more than one year | 29 | - | €85,000 | +€85,000 | |
| Trade receivables | 290 | - | €85,000 | +€85,000 | |
| Amounts receivable within one year | 40/41 | €8,022 | €1,038 | -€6,984 | -87.1% |
| Other amounts receivable | 41 | €8,022 | €1,038 | -€6,984 | -87.1% |
| Current investments | 50/53 | €175,000 | €100,000 | -€75,000 | -42.9% |
| Cash at bank and in hand | 54/58 | €20,631 | €40,437 | +€19,805 | +96.0% |
| Deferred charges and accrued income | 490/1 | €1,600 | €8,850 | +€7,250 | +453.1% |
| Total equity and liabilities | 10/49 | €375,496 | €391,568 | +€16,071 | +4.3% |
| Equity | 10/15 | €363,496 | €375,586 | +€12,090 | +3.3% |
| Contributions | 10/11 | €256,643 | €256,643 | = | 0.0% |
| Capital | 10 | €256,643 | €256,643 | = | 0.0% |
| Issued capital | 100 | €256,643 | €256,643 | = | 0.0% |
| Reserves | 13 | €106,853 | €118,943 | +€12,090 | +11.3% |
| Non-distributable reserves | 130/1 | €17,585 | €25,664 | +€8,079 | +45.9% |
| Legal reserve | 130 | €17,585 | €25,664 | +€8,079 | +45.9% |
| Tax-exempt reserves | 132 | €30,823 | €26,970 | -€3,853 | -12.5% |
| Distributable reserves | 133 | €58,444 | €66,308 | +€7,864 | +13.5% |
| Provisions and deferred taxes | 16 | €10,274 | €8,990 | -€1,284 | -12.5% |
| Deferred taxes | 168 | €10,274 | €8,990 | -€1,284 | -12.5% |
| Amounts payable | 17/49 | €1,726 | €6,992 | +€5,266 | +305.1% |
| Amounts payable within one year | 42/48 | €1,726 | €6,992 | +€5,266 | +305.1% |
| Trade debts | 44 | €0 | - | = | |
| Suppliers | 440/4 | €0 | - | = | |
| Taxes, remuneration and social security | 45 | - | €6,992 | +€6,992 | |
| Taxes | 450/3 | - | €6,992 | +€6,992 | |
| Other amounts payable | 47/48 | €1,726 | €0 | -€1,726 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,650 | €14,000 | +€350 | +2.6% |
| Other operating charges | 640/8 | €5,182 | €5,417 | +€235 | +4.5% |
| Gross operating margin | 9900 | €29,090 | €34,217 | +€5,127 | +17.6% |
| Operating profit (loss) | 9901 | €10,258 | €14,800 | +€4,542 | +44.3% |
| Financial income | 75/76B | €4,417 | €4,028 | -€389 | -8.8% |
| Recurring financial income | 75 | €4,417 | €4,028 | -€389 | -8.8% |
| Financial charges | 65/66B | €53 | €45 | -€8 | -15.8% |
| Recurring financial charges | 65 | €53 | €45 | -€8 | -15.8% |
| Profit (loss) for the period before taxes | 9903 | €14,622 | €18,783 | +€4,161 | +28.5% |
| Transfer from deferred taxes | 780 | €1,284 | €1,284 | = | 0.0% |
| Income taxes | 67/77 | €6,287 | €7,977 | +€1,690 | +26.9% |
| Profit (loss) for the period | 9904 | €9,619 | €12,090 | +€2,471 | +25.7% |
| Transfer from tax-exempt reserves | 789 | €3,853 | €3,853 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €13,472 | €15,943 | +€2,471 | +18.3% |
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 4 October 2026 via checked.be.