Fasbo: 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.
Fasbo
Largest movements
- Receivables within one year +€145,229
up €145,229 (+3.6%), from €4.0m to €4.1m
of which Other amounts receivable: +€146,363
- Reserves +€178,180
up €178,180 (+5.0%), from €3.6m to €3.7m
of which Distributable reserves: +€178,180
- Write-downs +€64,952
up €64,952, from -€64,952 to €0
- Other operating charges -€61,974
down €61,974 (-85.8%), from €72,189 to €10,215
- Gross operating margin +€8,078
up €8,078 (+8.2%), from €98,776 to €106,854
- Taxes +€1,792
up €1,792 (+3.1%), from €57,955 to €59,747
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 | €4,264,116 | €4,409,065 | +€144,948 | +3.4% |
| Fixed assets | 21/28 | €284,159 | €284,159 | = | 0.0% |
| Tangible fixed assets | 22/27 | €284,159 | €284,159 | = | 0.0% |
| Land and buildings | 22 | €284,159 | €284,159 | = | 0.0% |
| Current assets | 29/58 | €3,979,957 | €4,124,905 | +€144,948 | +3.6% |
| Amounts receivable within one year | 40/41 | €3,979,196 | €4,124,425 | +€145,229 | +3.6% |
| Trade receivables | 40 | €1,466 | €331 | -€1,134 | -77.4% |
| Other amounts receivable | 41 | €3,977,731 | €4,124,094 | +€146,363 | +3.7% |
| Cash at bank and in hand | 54/58 | €761 | €480 | -€280 | -36.9% |
| Total equity and liabilities | 10/49 | €4,264,116 | €4,409,065 | +€144,948 | +3.4% |
| Equity | 10/15 | €3,924,450 | €4,102,630 | +€178,180 | +4.5% |
| Contributions | 10/11 | €354,509 | €354,509 | = | 0.0% |
| Reserves | 13 | €3,569,941 | €3,748,121 | +€178,180 | +5.0% |
| Tax-exempt reserves | 132 | €840,117 | €840,117 | = | 0.0% |
| Distributable reserves | 133 | €2,729,824 | €2,908,004 | +€178,180 | +6.5% |
| Provisions and deferred taxes | 16 | €280,039 | €280,039 | = | 0.0% |
| Deferred taxes | 168 | €280,039 | €280,039 | = | 0.0% |
| Amounts payable | 17/49 | €59,627 | €26,395 | -€33,232 | -55.7% |
| Amounts payable within one year | 42/48 | €59,588 | €26,395 | -€33,193 | -55.7% |
| Trade debts | 44 | €32,299 | €7,608 | -€24,690 | -76.4% |
| Suppliers | 440/4 | €32,299 | €7,608 | -€24,690 | -76.4% |
| Advances received on contracts in progress | 46 | - | €1,085 | +€1,085 | |
| Taxes, remuneration and social security | 45 | €27,289 | €17,702 | -€9,588 | -35.1% |
| Taxes | 450/3 | €27,289 | €17,702 | -€9,588 | -35.1% |
| Accrued charges and deferred income | 492/3 | €39 | €0 | -€39 | -100.0% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €0 | - | = | |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€64,952 | €0 | +€64,952 | |
| Other operating charges | 640/8 | €72,189 | €10,215 | -€61,974 | -85.8% |
| Gross operating margin | 9900 | €98,776 | €106,854 | +€8,078 | +8.2% |
| Operating profit (loss) | 9901 | €91,539 | €96,639 | +€5,100 | +5.6% |
| Financial income | 75/76B | €141,000 | €141,959 | +€959 | +0.7% |
| Recurring financial income | 75 | €141,000 | €141,959 | +€959 | +0.7% |
| Financial charges | 65/66B | €720 | €671 | -€48 | -6.7% |
| Recurring financial charges | 65 | €720 | €671 | -€48 | -6.7% |
| Profit (loss) for the period before taxes | 9903 | €231,820 | €237,927 | +€6,107 | +2.6% |
| Transfer to deferred taxes | 680 | €0 | - | = | |
| Income taxes | 67/77 | €57,955 | €59,747 | +€1,792 | +3.1% |
| Profit (loss) for the period | 9904 | €173,865 | €178,180 | +€4,315 | +2.5% |
| Transfer to tax-exempt reserves | 689 | €0 | - | = | |
| Profit (loss) for the period to be appropriated | 9905 | €173,865 | €178,180 | +€4,315 | +2.5% |
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 9 October 2026 via checked.be.