FB INVEST: what changed
FB INVEST
Largest movements
- Tangible fixed assets -€84,369
down €84,369 (-4.1%), from €2.0m to €2.0m
- Cash -€39,493
down €39,493 (-96.4%), from €40,968 to €1,476
mainly Debts after one year (-€78,569) and Other debts (-€63,541)
- Receivables within one year +€29,053
up €29,053 (+28.4%), from €102,400 to €131,453
- Debts after one year -€78,569
down €78,569 (-12.7%), from €618,667 to €540,097
of which Financial debts: -€78,569
- Other debts -€63,541
down €63,541 (-8.3%), from €767,350 to €703,808
- Reserves +€34,955
up €34,955 (+5.0%), from €693,543 to €728,497
- Other operating charges +€27,000
up €27,000 (+416%), from €6,486 to €33,486
- Gross operating margin +€19,507
up €19,507 (+13.0%), from €150,214 to €169,721
- Depreciation +€4,738
up €4,738 (+6.2%), from €76,287 to €81,025
- Taxes -€3,036
down €3,036 (-19.3%), from €15,761 to €12,724
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €2,190,238 | €2,095,429 | -€94,809 | -4.3% |
| Fixed assets | 21/28 | €2,046,870 | €1,962,501 | -€84,369 | -4.1% |
| Tangible fixed assets | 22/27 | €2,046,870 | €1,962,501 | -€84,369 | -4.1% |
| Land and buildings | 22 | €2,046,870 | €1,962,501 | -€84,369 | -4.1% |
| Current assets | 29/58 | €143,368 | €132,928 | -€10,440 | -7.3% |
| Amounts receivable within one year | 40/41 | €102,400 | €131,453 | +€29,053 | +28.4% |
| Other amounts receivable | 41 | €102,400 | €131,453 | +€29,053 | +28.4% |
| Cash at bank and in hand | 54/58 | €40,968 | €1,476 | -€39,493 | -96.4% |
| Total equity and liabilities | 10/49 | €2,190,238 | €2,095,429 | -€94,809 | -4.3% |
| Equity | 10/15 | €700,043 | €734,997 | +€34,955 | +5.0% |
| Contributions | 10/11 | €6,500 | €6,500 | = | 0.0% |
| Reserves | 13 | €693,543 | €728,497 | +€34,955 | +5.0% |
| Distributable reserves | 133 | €693,543 | €728,497 | +€34,955 | +5.0% |
| Amounts payable | 17/49 | €1,490,196 | €1,360,432 | -€129,764 | -8.7% |
| Amounts payable after more than one year | 17 | €618,667 | €540,097 | -€78,569 | -12.7% |
| Financial debts | 170/4 | €604,767 | €526,197 | -€78,569 | -13.0% |
| Other amounts payable | 178/9 | €13,900 | €13,900 | = | 0.0% |
| Amounts payable within one year | 42/48 | €871,529 | €820,335 | -€51,194 | -5.9% |
| Current portion of amounts payable after more than one year | 42 | €76,786 | €84,030 | +€7,244 | +9.4% |
| Trade debts | 44 | €7,621 | €4,011 | -€3,610 | -47.4% |
| Suppliers | 440/4 | €7,621 | €4,011 | -€3,610 | -47.4% |
| Taxes, remuneration and social security | 45 | €19,772 | €28,485 | +€8,713 | +44.1% |
| Taxes | 450/3 | €19,772 | €28,485 | +€8,713 | +44.1% |
| Other amounts payable | 47/48 | €767,350 | €703,808 | -€63,541 | -8.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €76,287 | €81,025 | +€4,738 | +6.2% |
| Other operating charges | 640/8 | €6,486 | €33,486 | +€27,000 | +416% |
| Gross operating margin | 9900 | €150,214 | €169,721 | +€19,507 | +13.0% |
| Operating profit (loss) | 9901 | €67,440 | €55,210 | -€12,231 | -18.1% |
| Financial income | 75/76B | €4,663 | €6,336 | +€1,674 | +35.9% |
| Recurring financial income | 75 | €4,663 | €6,336 | +€1,674 | +35.9% |
| Financial charges | 65/66B | €14,265 | €13,867 | -€399 | -2.8% |
| Recurring financial charges | 65 | €14,265 | €13,867 | -€399 | -2.8% |
| Profit (loss) for the period before taxes | 9903 | €57,838 | €47,679 | -€10,158 | -17.6% |
| Income taxes | 67/77 | €15,761 | €12,724 | -€3,036 | -19.3% |
| Profit (loss) for the period | 9904 | €42,077 | €34,955 | -€7,122 | -16.9% |
| Profit (loss) for the period to be appropriated | 9905 | €42,077 | €34,955 | -€7,122 | -16.9% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 3 November 2026 via checked.be.