FAIRBRIGHT: 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.
FAIRBRIGHT
Largest movements
- Cash -€165,011
down €165,011 (-81.6%), from €202,278 to €37,267
mainly Contributions, distributions and other (-€600,000) and Deferred charges and accrued income (-€22,374)
- Receivables after one year -€149,000
down €149,000 (-100.0%), from €149,000 to €0
- Receivables within one year -€55,162
down €55,162 (-13.8%), from €400,071 to €344,908
of which Other amounts receivable: -€97,177
- Deferred charges and accrued income +€22,374
up €22,374 (+111.5%), from €20,064 to €42,438
- Reserves -€357,743
down €357,743 (-47.4%), from €754,933 to €397,190
of which Distributable reserves: -€357,743
- Tax, wage and social debts +€8,502
new in 2025: €8,502
- Gross operating margin +€33,357
up €33,357 (+13.4%), from €249,783 to €283,140
- Financial income +€21,346
up €21,346 (+109.9%), from €19,431 to €40,777
- Taxes +€14,295
up €14,295 (+22.3%), from €64,159 to €78,454
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 | €779,798 | €430,947 | -€348,851 | -44.7% |
| Fixed assets | 21/28 | €8,385 | €6,333 | -€2,053 | -24.5% |
| Tangible fixed assets | 22/27 | €8,385 | €6,333 | -€2,053 | -24.5% |
| Furniture and vehicles | 24 | €3,456 | €1,403 | -€2,053 | -59.4% |
| Other tangible fixed assets | 26 | €4,929 | €4,929 | = | 0.0% |
| Current assets | 29/58 | €771,412 | €424,614 | -€346,799 | -45.0% |
| Amounts receivable after more than one year | 29 | €149,000 | €0 | -€149,000 | -100.0% |
| Other amounts receivable | 291 | €149,000 | €0 | -€149,000 | -100.0% |
| Amounts receivable within one year | 40/41 | €400,071 | €344,908 | -€55,162 | -13.8% |
| Trade receivables | 40 | €21,016 | €63,031 | +€42,015 | +199.9% |
| Other amounts receivable | 41 | €379,054 | €281,877 | -€97,177 | -25.6% |
| Cash at bank and in hand | 54/58 | €202,278 | €37,267 | -€165,011 | -81.6% |
| Deferred charges and accrued income | 490/1 | €20,064 | €42,438 | +€22,374 | +111.5% |
| Total equity and liabilities | 10/49 | €779,798 | €430,947 | -€348,851 | -44.7% |
| Equity | 10/15 | €773,533 | €415,790 | -€357,743 | -46.2% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €754,933 | €397,190 | -€357,743 | -47.4% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €753,073 | €395,330 | -€357,743 | -47.5% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €6,265 | €15,157 | +€8,892 | +141.9% |
| Amounts payable within one year | 42/48 | €5,103 | €15,157 | +€10,054 | +197.0% |
| Trade debts | 44 | €5,103 | €6,655 | +€1,552 | +30.4% |
| Suppliers | 440/4 | €5,103 | €6,655 | +€1,552 | +30.4% |
| Taxes, remuneration and social security | 45 | - | €8,502 | +€8,502 | |
| Taxes | 450/3 | - | €8,502 | +€8,502 | |
| Accrued charges and deferred income | 492/3 | €1,162 | €0 | -€1,162 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,989 | €2,053 | +€64 | +3.2% |
| Other operating charges | 640/8 | €727 | €751 | +€24 | +3.3% |
| Gross operating margin | 9900 | €249,783 | €283,140 | +€33,357 | +13.4% |
| Operating profit (loss) | 9901 | €247,067 | €280,337 | +€33,269 | +13.5% |
| Financial income | 75/76B | €19,431 | €40,777 | +€21,346 | +109.9% |
| Recurring financial income | 75 | €19,431 | €40,777 | +€21,346 | +109.9% |
| Financial charges | 65/66B | €291 | €403 | +€112 | +38.5% |
| Recurring financial charges | 65 | €291 | €403 | +€112 | +38.5% |
| Profit (loss) for the period before taxes | 9903 | €266,207 | €320,710 | +€54,503 | +20.5% |
| Income taxes | 67/77 | €64,159 | €78,454 | +€14,295 | +22.3% |
| Profit (loss) for the period | 9904 | €202,048 | €242,257 | +€40,208 | +19.9% |
| Profit (loss) for the period to be appropriated | 9905 | €202,048 | €242,257 | +€40,208 | +19.9% |
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 8 October 2026 via checked.be.