FABRY LOGISTICS: 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.
FABRY LOGISTICS
Largest movements
- Current investments +€900,000
up €900,000 (+90.0%), from €1.0m to €1.9m
- Tangible fixed assets -€251,060
down €251,060 (-6.4%), from €4.0m to €3.7m
of which Land and buildings: -€308,643
- Receivables within one year +€175,325
up €175,325 (+72.2%), from €242,997 to €418,322
- Cash -€78,886
down €78,886 (-56.1%), from €140,501 to €61,614
mainly Current investments (-€900,000) and Receivables within one year (-€175,325)
- Reserves +€799,697
up €799,697 (+17.7%), from €4.5m to €5.3m
- Gross operating margin +€97,879
up €97,879 (+4.4%), from €2.2m to €2.3m
- Staff costs +€42,665
up €42,665 (+6.6%), from €648,676 to €691,341
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 | €5,342,153 | €6,090,133 | +€747,980 | +14.0% |
| Fixed assets | 21/28 | €3,953,442 | €3,702,382 | -€251,060 | -6.4% |
| Tangible fixed assets | 22/27 | €3,953,442 | €3,702,382 | -€251,060 | -6.4% |
| Land and buildings | 22 | €3,668,485 | €3,359,842 | -€308,643 | -8.4% |
| Plant, machinery and equipment | 23 | €238,520 | €316,481 | +€77,961 | +32.7% |
| Furniture and vehicles | 24 | €46,437 | €26,058 | -€20,379 | -43.9% |
| Current assets | 29/58 | €1,388,711 | €2,387,751 | +€999,041 | +71.9% |
| Amounts receivable within one year | 40/41 | €242,997 | €418,322 | +€175,325 | +72.2% |
| Trade receivables | 40 | €242,997 | €418,322 | +€175,325 | +72.2% |
| Current investments | 50/53 | €1,000,000 | €1,900,000 | +€900,000 | +90.0% |
| Cash at bank and in hand | 54/58 | €140,501 | €61,614 | -€78,886 | -56.1% |
| Deferred charges and accrued income | 490/1 | €5,213 | €7,815 | +€2,602 | +49.9% |
| Total equity and liabilities | 10/49 | €5,342,153 | €6,090,133 | +€747,980 | +14.0% |
| Equity | 10/15 | €4,846,640 | €5,617,983 | +€771,343 | +15.9% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €4,530,309 | €5,330,007 | +€799,697 | +17.7% |
| Distributable reserves | 133 | €4,530,309 | €5,330,007 | +€799,697 | +17.7% |
| Investment grants | 15 | €310,130 | €281,776 | -€28,354 | -9.1% |
| Amounts payable | 17/49 | €495,513 | €472,150 | -€23,363 | -4.7% |
| Amounts payable within one year | 42/48 | €495,513 | €472,150 | -€23,363 | -4.7% |
| Trade debts | 44 | €13,864 | €27,192 | +€13,327 | +96.1% |
| Suppliers | 440/4 | €13,864 | €27,192 | +€13,327 | +96.1% |
| Taxes, remuneration and social security | 45 | €154,306 | €167,571 | +€13,265 | +8.6% |
| Taxes | 450/3 | €78,788 | €81,191 | +€2,403 | +3.0% |
| Remuneration and social security | 454/9 | €75,518 | €86,381 | +€10,862 | +14.4% |
| Other amounts payable | 47/48 | €327,343 | €277,387 | -€49,955 | -15.3% |
| Non-recurring operating income | 76A | - | €9,000 | +€9,000 | |
| Remuneration, social security and pensions | 62 | €648,676 | €691,341 | +€42,665 | +6.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €397,818 | €398,060 | +€243 | +0.1% |
| Other operating charges | 640/8 | €114,886 | €118,371 | +€3,485 | +3.0% |
| Gross operating margin | 9900 | €2,215,661 | €2,313,540 | +€97,879 | +4.4% |
| Operating profit (loss) | 9901 | €1,054,282 | €1,105,769 | +€51,487 | +4.9% |
| Financial income | 75/76B | €45,847 | €53,876 | +€8,029 | +17.5% |
| Recurring financial income | 75 | €45,847 | €53,876 | +€8,029 | +17.5% |
| Financial charges | 65/66B | €263 | €323 | +€60 | +22.9% |
| Recurring financial charges | 65 | €263 | €323 | +€60 | +22.9% |
| Profit (loss) for the period before taxes | 9903 | €1,099,866 | €1,159,322 | +€59,456 | +5.4% |
| Income taxes | 67/77 | €340,144 | €359,625 | +€19,481 | +5.7% |
| Profit (loss) for the period | 9904 | €759,722 | €799,697 | +€39,975 | +5.3% |
| Profit (loss) for the period to be appropriated | 9905 | €759,722 | €799,697 | +€39,975 | +5.3% |
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 15 October 2026 via checked.be.