Fabulas: 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.
Fabulas
Largest movements
- Cash +€18,806
up €18,806 (+41.7%), from €45,137 to €63,943
mainly Depreciation (+€31,201) and Net result for the year (+€16,778)
- Receivables within one year -€15,222
down €15,222 (-43.4%), from €35,045 to €19,823
- Tangible fixed assets +€11,991
up €11,991 (+11.4%), from €105,237 to €117,228
of which Plant, machinery and equipment: +€25,983
- Reserves +€16,778
up €16,778 (+57.8%), from €29,013 to €45,790
- Tax, wage and social debts -€8,542
down €8,542 (-23.3%), from €36,590 to €28,049
of which Taxes: -€12,799
- Debts after one year +€2,884
up €2,884 (+3.6%), from €81,026 to €83,909
of which Other amounts payable: +€18,253
- Current portion of long-term debt +€2,876
up €2,876 (+14.9%), from €19,240 to €22,116
- Other debts +€2,527
up €2,527 (+42.4%), from €5,959 to €8,486
- Depreciation +€12,857
up €12,857 (+70.1%), from €18,344 to €31,201
- Taxes -€3,320
down €3,320 (-35.3%), from €9,413 to €6,093
- Gross operating margin -€1,602
down €1,602 (-2.6%), from €60,634 to €59,032
- Financial charges +€1,114
up €1,114 (+44.2%), from €2,520 to €3,634
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 | €187,459 | €203,344 | +€15,885 | +8.5% |
| Fixed assets | 21/28 | €106,362 | €118,353 | +€11,991 | +11.3% |
| Tangible fixed assets | 22/27 | €105,237 | €117,228 | +€11,991 | +11.4% |
| Plant, machinery and equipment | 23 | €51,264 | €77,247 | +€25,983 | +50.7% |
| Furniture and vehicles | 24 | €1,875 | €1,475 | -€401 | -21.4% |
| Leasing and similar rights | 25 | €52,098 | €38,507 | -€13,591 | -26.1% |
| Financial fixed assets | 28 | €1,125 | €1,125 | = | 0.0% |
| Current assets | 29/58 | €81,097 | €84,991 | +€3,894 | +4.8% |
| Amounts receivable within one year | 40/41 | €35,045 | €19,823 | -€15,222 | -43.4% |
| Trade receivables | 40 | €35,045 | €19,823 | -€15,222 | -43.4% |
| Cash at bank and in hand | 54/58 | €45,137 | €63,943 | +€18,806 | +41.7% |
| Deferred charges and accrued income | 490/1 | €915 | €1,224 | +€310 | +33.9% |
| Total equity and liabilities | 10/49 | €187,459 | €203,344 | +€15,885 | +8.5% |
| Equity | 10/15 | €42,168 | €58,946 | +€16,778 | +39.8% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €29,013 | €45,790 | +€16,778 | +57.8% |
| Distributable reserves | 133 | €29,013 | €45,790 | +€16,778 | +57.8% |
| Profit (loss) carried forward | 14 | €8,155 | €8,155 | = | 0.0% |
| Amounts payable | 17/49 | €145,291 | €144,398 | -€893 | -0.6% |
| Amounts payable after more than one year | 17 | €81,026 | €83,909 | +€2,884 | +3.6% |
| Financial debts | 170/4 | €35,463 | €20,094 | -€15,369 | -43.3% |
| Other amounts payable | 178/9 | €45,563 | €63,815 | +€18,253 | +40.1% |
| Amounts payable within one year | 42/48 | €63,254 | €59,262 | -€3,992 | -6.3% |
| Current portion of amounts payable after more than one year | 42 | €19,240 | €22,116 | +€2,876 | +14.9% |
| Trade debts | 44 | €1,465 | €611 | -€854 | -58.3% |
| Suppliers | 440/4 | €1,465 | €611 | -€854 | -58.3% |
| Taxes, remuneration and social security | 45 | €36,590 | €28,049 | -€8,542 | -23.3% |
| Taxes | 450/3 | €28,001 | €15,202 | -€12,799 | -45.7% |
| Remuneration and social security | 454/9 | €8,589 | €12,847 | +€4,258 | +49.6% |
| Other amounts payable | 47/48 | €5,959 | €8,486 | +€2,527 | +42.4% |
| Accrued charges and deferred income | 492/3 | €1,011 | €1,227 | +€216 | +21.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €18,344 | €31,201 | +€12,857 | +70.1% |
| Other operating charges | 640/8 | €1,345 | €1,351 | +€6 | +0.5% |
| Gross operating margin | 9900 | €60,634 | €59,032 | -€1,602 | -2.6% |
| Operating profit (loss) | 9901 | €40,945 | €26,480 | -€14,465 | -35.3% |
| Financial income | 75/76B | €1 | €25 | +€24 | +2,968% |
| Recurring financial income | 75 | €1 | €25 | +€24 | +2,968% |
| Financial charges | 65/66B | €2,520 | €3,634 | +€1,114 | +44.2% |
| Recurring financial charges | 65 | €2,520 | €3,634 | +€1,114 | +44.2% |
| Profit (loss) for the period before taxes | 9903 | €38,426 | €22,871 | -€15,555 | -40.5% |
| Income taxes | 67/77 | €9,413 | €6,093 | -€3,320 | -35.3% |
| Profit (loss) for the period | 9904 | €29,013 | €16,778 | -€12,235 | -42.2% |
| Profit (loss) for the period to be appropriated | 9905 | €29,013 | €16,778 | -€12,235 | -42.2% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 14 October 2026 via checked.be.