FBJ-holding: 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.
FBJ-holding
Largest movements
- Receivables within one year -€2.6m
down €2.6m (-86.2%), from €3.0m to €417,264
of which Other amounts receivable: -€2.5m
- Receivables after one year +€1.7m
up €1.7m (+50.2%), from €3.4m to €5.2m
- Tangible fixed assets +€739,558
up €739,558 (+23.9%), from €3.1m to €3.8m
of which Land and buildings: +€739,057
- Cash +€189,015
up €189,015 (+83.2%), from €227,254 to €416,270
mainly Receivables within one year (+€2.6m) and Debts after one year (+€109,174)
- Deferred charges and accrued income +€187,206
up €187,206 (+108%), from €173,784 to €360,991
- Debts after one year +€109,174
up €109,174 (+1.2%), from €9.1m to €9.2m
- Gross operating margin +€81,036
up €81,036 (+9.8%), from €824,528 to €905,564
- Financial income -€42,031
down €42,031 (-35.5%), from €118,271 to €76,240
- Depreciation +€33,183
up €33,183 (+53.7%), from €61,843 to €95,026
- Financial charges -€28,368
down €28,368 (-3.6%), from €781,447 to €753,079
- Staff costs +€12,783
new in 2025: €12,783
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 | €10,000,572 | €10,230,589 | +€230,016 | +2.3% |
| Fixed assets | 21/28 | €3,135,799 | €3,877,027 | +€741,228 | +23.6% |
| Tangible fixed assets | 22/27 | €3,099,619 | €3,839,177 | +€739,558 | +23.9% |
| Land and buildings | 22 | €3,099,619 | €3,838,676 | +€739,057 | +23.8% |
| Furniture and vehicles | 24 | - | €501 | +€501 | |
| Financial fixed assets | 28 | €36,180 | €37,850 | +€1,670 | +4.6% |
| Current assets | 29/58 | €6,864,773 | €6,353,561 | -€511,212 | -7.4% |
| Amounts receivable after more than one year | 29 | €3,434,814 | €5,159,036 | +€1.7m | +50.2% |
| Other amounts receivable | 291 | €3,434,814 | €5,159,036 | +€1.7m | +50.2% |
| Amounts receivable within one year | 40/41 | €3,028,921 | €417,264 | -€2.6m | -86.2% |
| Trade receivables | 40 | €491,799 | €378,664 | -€113,135 | -23.0% |
| Other amounts receivable | 41 | €2,537,122 | €38,600 | -€2.5m | -98.5% |
| Cash at bank and in hand | 54/58 | €227,254 | €416,270 | +€189,015 | +83.2% |
| Deferred charges and accrued income | 490/1 | €173,784 | €360,991 | +€187,206 | +108% |
| Total equity and liabilities | 10/49 | €10,000,572 | €10,230,589 | +€230,016 | +2.3% |
| Equity | 10/15 | €69,507 | €166,745 | +€97,238 | +140% |
| Contributions | 10/11 | €50,000 | €72,910 | +€22,910 | +45.8% |
| Reserves | 13 | €19,507 | €93,835 | +€74,328 | +381% |
| Distributable reserves | 133 | €19,507 | €93,835 | +€74,328 | +381% |
| Profit (loss) carried forward | 14 | €0 | - | = | |
| Amounts payable | 17/49 | €9,931,065 | €10,063,843 | +€132,778 | +1.3% |
| Amounts payable after more than one year | 17 | €9,050,000 | €9,159,174 | +€109,174 | +1.2% |
| Financial debts | 170/4 | €9,050,000 | €9,159,174 | +€109,174 | +1.2% |
| Amounts payable within one year | 42/48 | €450,814 | €386,168 | -€64,646 | -14.3% |
| Trade debts | 44 | €14,660 | €28,253 | +€13,593 | +92.7% |
| Suppliers | 440/4 | €14,660 | €28,253 | +€13,593 | +92.7% |
| Advances received on contracts in progress | 46 | €529 | €0 | -€529 | -100% |
| Taxes, remuneration and social security | 45 | €53,625 | €73,914 | +€20,289 | +37.8% |
| Taxes | 450/3 | €53,625 | €73,914 | +€20,289 | +37.8% |
| Other amounts payable | 47/48 | €382,000 | €284,000 | -€98,000 | -25.7% |
| Accrued charges and deferred income | 492/3 | €430,251 | €518,501 | +€88,250 | +20.5% |
| Remuneration, social security and pensions | 62 | - | €12,783 | +€12,783 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €61,843 | €95,026 | +€33,183 | +53.7% |
| Other operating charges | 640/8 | €23,423 | €27,299 | +€3,876 | +16.5% |
| Gross operating margin | 9900 | €824,528 | €905,564 | +€81,036 | +9.8% |
| Operating profit (loss) | 9901 | €739,261 | €770,456 | +€31,194 | +4.2% |
| Financial income | 75/76B | €118,271 | €76,240 | -€42,031 | -35.5% |
| Recurring financial income | 75 | €118,271 | €76,240 | -€42,031 | -35.5% |
| Financial charges | 65/66B | €781,447 | €753,079 | -€28,368 | -3.6% |
| Recurring financial charges | 65 | €781,447 | €753,079 | -€28,368 | -3.6% |
| Profit (loss) for the period before taxes | 9903 | €76,085 | €93,617 | +€17,532 | +23.0% |
| Income taxes | 67/77 | €6,602 | €19,289 | +€12,687 | +192% |
| Profit (loss) for the period | 9904 | €69,483 | €74,328 | +€4,845 | +7.0% |
| Profit (loss) for the period to be appropriated | 9905 | €69,483 | €74,328 | +€4,845 | +7.0% |
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 26 October 2026 via checked.be.