FB ELEC: 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.
FB ELEC
Largest movements
- Cash +€106,738
up €106,738 (+180.1%), from €59,271 to €166,009
mainly Net result for the year (+€51,257) and Depreciation (+€25,585)
- Tangible fixed assets +€30,316
up €30,316 (+406.0%), from €7,467 to €37,783
of which Furniture and vehicles: +€33,202
- Intangible fixed assets -€15,000
down €15,000 (-13.7%), from €109,162 to €94,162
- Receivables within one year -€9,690
down €9,690 (-16.2%), from €59,909 to €50,219
of which Trade receivables: -€8,382
- Deferred charges and accrued income +€4,966
up €4,966 (+1388.0%), from €358 to €5,323
- Profit (loss) carried forward +€51,257
up €51,257 (+177.7%), from €28,844 to €80,101
- Tax, wage and social debts +€22,034
up €22,034 (+219.1%), from €10,058 to €32,092
of which Taxes: +€13,116
- Trade debts +€18,275
up €18,275 (+62.4%), from €29,305 to €47,580
- Current portion of long-term debt +€17,243
new in 2025: €17,243
- Debts after one year +€11,900
new in 2025: €11,900
- Gross operating margin +€34,907
up €34,907 (+26.6%), from €131,426 to €166,333
- Staff costs -€12,191
down €12,191 (-15.0%), from €81,097 to €68,907
- Taxes +€9,299
up €9,299 (+163.8%), from €5,677 to €14,976
- Other operating charges +€3,571
up €3,571 (+798.4%), from €447 to €4,019
- Depreciation +€3,299
up €3,299 (+14.8%), from €22,285 to €25,585
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 | €268,801 | €384,406 | +€115,605 | +43.0% |
| Fixed assets | 21/28 | €116,629 | €131,945 | +€15,316 | +13.1% |
| Intangible fixed assets | 21 | €109,162 | €94,162 | -€15,000 | -13.7% |
| Tangible fixed assets | 22/27 | €7,467 | €37,783 | +€30,316 | +406.0% |
| Plant, machinery and equipment | 23 | €4,658 | €1,773 | -€2,886 | -61.9% |
| Furniture and vehicles | 24 | €2,809 | €36,011 | +€33,202 | +1182.0% |
| Current assets | 29/58 | €152,172 | €252,461 | +€100,289 | +65.9% |
| Stocks and contracts in progress | 3 | €32,634 | €30,909 | -€1,725 | -5.3% |
| Stocks | 30/36 | €32,634 | €30,909 | -€1,725 | -5.3% |
| Amounts receivable within one year | 40/41 | €59,909 | €50,219 | -€9,690 | -16.2% |
| Trade receivables | 40 | €48,740 | €40,358 | -€8,382 | -17.2% |
| Other amounts receivable | 41 | €11,169 | €9,861 | -€1,308 | -11.7% |
| Cash at bank and in hand | 54/58 | €59,271 | €166,009 | +€106,738 | +180.1% |
| Deferred charges and accrued income | 490/1 | €358 | €5,323 | +€4,966 | +1388.0% |
| Total equity and liabilities | 10/49 | €268,801 | €384,406 | +€115,605 | +43.0% |
| Equity | 10/15 | €34,844 | €86,101 | +€51,257 | +147.1% |
| Contributions | 10/11 | €6,000 | €6,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €28,844 | €80,101 | +€51,257 | +177.7% |
| Amounts payable | 17/49 | €233,958 | €298,305 | +€64,347 | +27.5% |
| Amounts payable after more than one year | 17 | - | €11,900 | +€11,900 | |
| Financial debts | 170/4 | - | €11,900 | +€11,900 | |
| Amounts payable within one year | 42/48 | €233,889 | €286,336 | +€52,447 | +22.4% |
| Current portion of amounts payable after more than one year | 42 | - | €17,243 | +€17,243 | |
| Trade debts | 44 | €29,305 | €47,580 | +€18,275 | +62.4% |
| Suppliers | 440/4 | €29,305 | €47,580 | +€18,275 | +62.4% |
| Taxes, remuneration and social security | 45 | €10,058 | €32,092 | +€22,034 | +219.1% |
| Taxes | 450/3 | €3,968 | €17,084 | +€13,116 | +330.5% |
| Remuneration and social security | 454/9 | €6,090 | €15,008 | +€8,918 | +146.4% |
| Other amounts payable | 47/48 | €194,526 | €189,422 | -€5,104 | -2.6% |
| Accrued charges and deferred income | 492/3 | €69 | €69 | = | 0.0% |
| Remuneration, social security and pensions | 62 | €81,097 | €68,907 | -€12,191 | -15.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €22,285 | €25,585 | +€3,299 | +14.8% |
| Other operating charges | 640/8 | €447 | €4,019 | +€3,571 | +798.4% |
| Gross operating margin | 9900 | €131,426 | €166,333 | +€34,907 | +26.6% |
| Operating profit (loss) | 9901 | €27,596 | €67,823 | +€40,227 | +145.8% |
| Financial income | 75/76B | €0 | €161 | +€160 | +89100.0% |
| Recurring financial income | 75 | €0 | €161 | +€160 | +89100.0% |
| Financial charges | 65/66B | €878 | €1,750 | +€872 | +99.3% |
| Recurring financial charges | 65 | €878 | €1,750 | +€872 | +99.3% |
| Profit (loss) for the period before taxes | 9903 | €26,718 | €66,233 | +€39,515 | +147.9% |
| Income taxes | 67/77 | €5,677 | €14,976 | +€9,299 | +163.8% |
| Profit (loss) for the period | 9904 | €21,041 | €51,257 | +€30,216 | +143.6% |
| Profit (loss) for the period to be appropriated | 9905 | €21,041 | €51,257 | +€30,216 | +143.6% |
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 7 October 2026 via checked.be.