FBJ RUN: 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.
FBJ RUN
Largest movements
- Tangible fixed assets -€14,950
down €14,950 (-28.2%), from €53,070 to €38,120
of which Furniture and vehicles: -€13,290
- Deferred charges and accrued income -€5,919
down €5,919 (-82.4%), from €7,187 to €1,268
- Receivables within one year +€4,674
up €4,674 (+294.4%), from €1,588 to €6,261
of which Other amounts receivable: +€4,674
- Cash -€2,185
down €2,185 (-21.9%), from €9,981 to €7,796
mainly Trade debts (-€11,151) and Debts after one year (-€9,689)
- Short-term financial debts +€14,788
new in 2025: €14,788
- Trade debts -€11,151
down €11,151 (-22.5%), from €49,664 to €38,513
- Debts after one year -€9,689
down €9,689 (-47.1%), from €20,553 to €10,863
- Other debts -€4,940
down €4,940 (-12.2%), from €40,505 to €35,565
- Tax, wage and social debts -€4,339
down €4,339 (-62.0%), from €6,994 to €2,655
- Gross operating margin -€25,294
down €25,294 (-69.9%), from €36,203 to €10,909
- Staff costs -€8,461
no longer reported in 2025 (was €8,461)
- Taxes -€3,848
down €3,848 (-70.4%), from €5,464 to €1,615
- Financial income +€1,625
up €1,625 (+16.6%), from €9,803 to €11,428
- Depreciation +€1,597
up €1,597 (+10.1%), from €15,883 to €17,480
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 | €211,865 | €194,514 | -€17,351 | -8.2% |
| Fixed assets | 21/28 | €57,870 | €42,920 | -€14,950 | -25.8% |
| Tangible fixed assets | 22/27 | €53,070 | €38,120 | -€14,950 | -28.2% |
| Land and buildings | 22 | €7,091 | €5,932 | -€1,159 | -16.3% |
| Plant, machinery and equipment | 23 | €3,593 | €3,091 | -€502 | -14.0% |
| Furniture and vehicles | 24 | €42,386 | €29,097 | -€13,290 | -31.4% |
| Financial fixed assets | 28 | €4,800 | €4,800 | = | 0.0% |
| Current assets | 29/58 | €153,995 | €151,594 | -€2,401 | -1.6% |
| Stocks and contracts in progress | 3 | €135,239 | €136,268 | +€1,029 | +0.8% |
| Stocks | 30/36 | €135,239 | €136,268 | +€1,029 | +0.8% |
| Amounts receivable within one year | 40/41 | €1,588 | €6,261 | +€4,674 | +294.4% |
| Trade receivables | 40 | €156 | €156 | = | 0.0% |
| Other amounts receivable | 41 | €1,432 | €6,106 | +€4,674 | +326.4% |
| Cash at bank and in hand | 54/58 | €9,981 | €7,796 | -€2,185 | -21.9% |
| Deferred charges and accrued income | 490/1 | €7,187 | €1,268 | -€5,919 | -82.4% |
| Total equity and liabilities | 10/49 | €211,865 | €194,514 | -€17,351 | -8.2% |
| Equity | 10/15 | €84,796 | €82,440 | -€2,356 | -2.8% |
| Contributions | 10/11 | €20,460 | €20,460 | = | 0.0% |
| Reserves | 13 | €582 | €582 | = | 0.0% |
| Tax-exempt reserves | 132 | €582 | €582 | = | 0.0% |
| Profit (loss) carried forward | 14 | €63,753 | €61,397 | -€2,356 | -3.7% |
| Amounts payable | 17/49 | €127,069 | €112,074 | -€14,995 | -11.8% |
| Amounts payable after more than one year | 17 | €20,553 | €10,863 | -€9,689 | -47.1% |
| Financial debts | 170/4 | €20,553 | €10,863 | -€9,689 | -47.1% |
| Amounts payable within one year | 42/48 | €106,517 | €101,211 | -€5,306 | -5.0% |
| Current portion of amounts payable after more than one year | 42 | €9,354 | €9,689 | +€336 | +3.6% |
| Financial debts | 43 | - | €14,788 | +€14,788 | |
| Credit institutions | 430/8 | - | €14,788 | +€14,788 | |
| Trade debts | 44 | €49,664 | €38,513 | -€11,151 | -22.5% |
| Suppliers | 440/4 | €49,664 | €38,513 | -€11,151 | -22.5% |
| Taxes, remuneration and social security | 45 | €6,994 | €2,655 | -€4,339 | -62.0% |
| Taxes | 450/3 | €6,994 | €2,655 | -€4,339 | -62.0% |
| Other amounts payable | 47/48 | €40,505 | €35,565 | -€4,940 | -12.2% |
| Remuneration, social security and pensions | 62 | €8,461 | - | -€8,461 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,883 | €17,480 | +€1,597 | +10.1% |
| Other operating charges | 640/8 | €1,351 | €2,147 | +€796 | +58.9% |
| Gross operating margin | 9900 | €36,203 | €10,909 | -€25,294 | -69.9% |
| Operating profit (loss) | 9901 | €10,507 | -€8,719 | -€19,226 | |
| Financial income | 75/76B | €9,803 | €11,428 | +€1,625 | +16.6% |
| Recurring financial income | 75 | €9,803 | €11,428 | +€1,625 | +16.6% |
| Financial charges | 65/66B | €2,286 | €3,450 | +€1,164 | +50.9% |
| Recurring financial charges | 65 | €2,286 | €3,450 | +€1,164 | +50.9% |
| Profit (loss) for the period before taxes | 9903 | €18,025 | -€740 | -€18,765 | |
| Income taxes | 67/77 | €5,464 | €1,615 | -€3,848 | -70.4% |
| Profit (loss) for the period | 9904 | €12,561 | -€2,356 | -€14,917 | |
| Profit (loss) for the period to be appropriated | 9905 | €12,561 | -€2,356 | -€14,917 |
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 4 October 2026 via checked.be.