FB MANAGEMENT: 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.
FB MANAGEMENT
Largest movements
- Receivables within one year -€36,313
down €36,313 (-87.1%), from €41,674 to €5,360
- Tangible fixed assets -€26,589
down €26,589 (-4.7%), from €569,416 to €542,826
of which Land and buildings: -€15,792
- Debts after one year -€73,861
down €73,861 (-14.5%), from €509,311 to €435,449
of which Other amounts payable: -€50,813
- Profit (loss) carried forward +€22,081
up €22,081 (+58.1%), from €37,977 to €60,058
- Current portion of long-term debt -€9,616
down €9,616 (-29.4%), from €32,652 to €23,037
- Accrued charges and deferred income +€8,000
new in 2025: €8,000
- Tax, wage and social debts -€6,393
down €6,393 (-36.2%), from €17,637 to €11,244
- Gross operating margin +€12,705
up €12,705 (+21.4%), from €59,388 to €72,093
- Taxes +€2,407
up €2,407 (+65.9%), from €3,651 to €6,058
- Financial charges -€979
down €979 (-7.0%), from €13,964 to €12,986
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 | €611,096 | €550,507 | -€60,589 | -9.9% |
| Fixed assets | 21/28 | €569,416 | €542,826 | -€26,589 | -4.7% |
| Tangible fixed assets | 22/27 | €569,416 | €542,826 | -€26,589 | -4.7% |
| Land and buildings | 22 | €508,979 | €493,187 | -€15,792 | -3.1% |
| Plant, machinery and equipment | 23 | €43,217 | €38,326 | -€4,890 | -11.3% |
| Furniture and vehicles | 24 | €17,220 | €11,313 | -€5,907 | -34.3% |
| Current assets | 29/58 | €41,681 | €7,681 | -€34,000 | -81.6% |
| Amounts receivable within one year | 40/41 | €41,674 | €5,360 | -€36,313 | -87.1% |
| Trade receivables | 40 | €41,674 | €5,360 | -€36,313 | -87.1% |
| Cash at bank and in hand | 54/58 | €7 | €2,321 | +€2,313 | +31,996% |
| Total equity and liabilities | 10/49 | €611,096 | €550,507 | -€60,589 | -9.9% |
| Equity | 10/15 | €40,477 | €62,558 | +€22,081 | +54.6% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €37,977 | €60,058 | +€22,081 | +58.1% |
| Amounts payable | 17/49 | €570,620 | €487,950 | -€82,670 | -14.5% |
| Amounts payable after more than one year | 17 | €509,311 | €435,449 | -€73,861 | -14.5% |
| Financial debts | 170/4 | €342,788 | €319,740 | -€23,049 | -6.7% |
| Other amounts payable | 178/9 | €166,522 | €115,709 | -€50,813 | -30.5% |
| Amounts payable within one year | 42/48 | €61,309 | €44,500 | -€16,809 | -27.4% |
| Current portion of amounts payable after more than one year | 42 | €32,652 | €23,037 | -€9,616 | -29.4% |
| Trade debts | 44 | €11,020 | €10,220 | -€800 | -7.3% |
| Suppliers | 440/4 | €11,020 | €10,220 | -€800 | -7.3% |
| Taxes, remuneration and social security | 45 | €17,637 | €11,244 | -€6,393 | -36.2% |
| Taxes | 450/3 | €17,637 | €11,244 | -€6,393 | -36.2% |
| Accrued charges and deferred income | 492/3 | - | €8,000 | +€8,000 | |
| Remuneration, social security and pensions | 62 | - | €386 | +€386 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €25,898 | €26,589 | +€691 | +2.7% |
| Other operating charges | 640/8 | €2,730 | €2,974 | +€243 | +8.9% |
| Non-recurring operating charges | 66A | €104 | €1,020 | +€916 | +881% |
| Gross operating margin | 9900 | €59,388 | €72,093 | +€12,705 | +21.4% |
| Operating profit (loss) | 9901 | €30,656 | €41,124 | +€10,468 | +34.1% |
| Financial charges | 65/66B | €13,964 | €12,986 | -€979 | -7.0% |
| Recurring financial charges | 65 | €13,964 | €12,986 | -€979 | -7.0% |
| Profit (loss) for the period before taxes | 9903 | €16,691 | €28,138 | +€11,447 | +68.6% |
| Income taxes | 67/77 | €3,651 | €6,058 | +€2,407 | +65.9% |
| Profit (loss) for the period | 9904 | €13,041 | €22,081 | +€9,040 | +69.3% |
| Profit (loss) for the period to be appropriated | 9905 | €13,041 | €22,081 | +€9,040 | +69.3% |
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 14 October 2026 via checked.be.