FBO SERVICES: 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.
FBO SERVICES
Largest movements
- Cash +€76,229
up €76,229 (+85.2%), from €89,505 to €165,733
mainly Net result for the year (+€58,911) and Debts after one year (+€24,352)
- Tangible fixed assets +€27,748
up €27,748 (+13.9%), from €200,040 to €227,788
of which Other tangible fixed assets: +€25,932
- Receivables within one year -€12,957
down €12,957 (-31.2%), from €41,467 to €28,510
of which Other amounts receivable: -€6,500
- Reserves +€58,911
up €58,911 (+241.0%), from €24,449 to €83,359
- Debts after one year +€24,352
up €24,352 (+44.3%), from €55,029 to €79,382
- Current portion of long-term debt +€7,559
new in 2025: €7,559
- Tax, wage and social debts -€5,070
down €5,070 (-40.8%), from €12,441 to €7,371
- Gross operating margin +€56,043
up €56,043 (+118.3%), from €47,372 to €103,415
- Taxes +€13,227
up €13,227 (+141.3%), from €9,360 to €22,587
- Depreciation +€6,287
up €6,287 (+71.7%), from €8,770 to €15,057
- Financial charges +€2,255
up €2,255 (+53.6%), from €4,205 to €6,460
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 | €331,011 | €422,031 | +€91,020 | +27.5% |
| Fixed assets | 21/28 | €200,040 | €227,788 | +€27,748 | +13.9% |
| Tangible fixed assets | 22/27 | €200,040 | €227,788 | +€27,748 | +13.9% |
| Furniture and vehicles | 24 | €1,047 | €2,863 | +€1,816 | +173.5% |
| Other tangible fixed assets | 26 | €198,993 | €224,925 | +€25,932 | +13.0% |
| Current assets | 29/58 | €130,972 | €194,243 | +€63,272 | +48.3% |
| Amounts receivable within one year | 40/41 | €41,467 | €28,510 | -€12,957 | -31.2% |
| Trade receivables | 40 | €34,967 | €28,510 | -€6,457 | -18.5% |
| Other amounts receivable | 41 | €6,500 | - | -€6,500 | |
| Cash at bank and in hand | 54/58 | €89,505 | €165,733 | +€76,229 | +85.2% |
| Total equity and liabilities | 10/49 | €331,011 | €422,031 | +€91,020 | +27.5% |
| Equity | 10/15 | €224,954 | €283,865 | +€58,911 | +26.2% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €24,449 | €83,359 | +€58,911 | +241.0% |
| Distributable reserves | 133 | €24,449 | €83,359 | +€58,911 | +241.0% |
| Profit (loss) carried forward | 14 | €181,906 | €181,906 | = | 0.0% |
| Amounts payable | 17/49 | €106,057 | €138,166 | +€32,109 | +30.3% |
| Amounts payable after more than one year | 17 | €55,029 | €79,382 | +€24,352 | +44.3% |
| Financial debts | 170/4 | €55,029 | €79,382 | +€24,352 | +44.3% |
| Amounts payable within one year | 42/48 | €51,028 | €58,621 | +€7,594 | +14.9% |
| Current portion of amounts payable after more than one year | 42 | - | €7,559 | +€7,559 | |
| Financial debts | 43 | €536 | €2,440 | +€1,904 | +355.3% |
| Credit institutions | 430/8 | €536 | €2,440 | +€1,904 | +355.3% |
| Trade debts | 44 | €2,039 | €1,963 | -€76 | -3.7% |
| Suppliers | 440/4 | €2,039 | €1,963 | -€76 | -3.7% |
| Taxes, remuneration and social security | 45 | €12,441 | €7,371 | -€5,070 | -40.8% |
| Taxes | 450/3 | €12,441 | €7,371 | -€5,070 | -40.8% |
| Other amounts payable | 47/48 | €36,012 | €39,289 | +€3,277 | +9.1% |
| Accrued charges and deferred income | 492/3 | - | €163 | +€163 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,770 | €15,057 | +€6,287 | +71.7% |
| Other operating charges | 640/8 | €588 | €400 | -€189 | -32.0% |
| Gross operating margin | 9900 | €47,372 | €103,415 | +€56,043 | +118.3% |
| Operating profit (loss) | 9901 | €38,013 | €87,958 | +€49,945 | +131.4% |
| Financial charges | 65/66B | €4,205 | €6,460 | +€2,255 | +53.6% |
| Recurring financial charges | 65 | €4,205 | €6,460 | +€2,255 | +53.6% |
| Profit (loss) for the period before taxes | 9903 | €33,809 | €81,498 | +€47,689 | +141.1% |
| Income taxes | 67/77 | €9,360 | €22,587 | +€13,227 | +141.3% |
| Profit (loss) for the period | 9904 | €24,449 | €58,911 | +€34,462 | +141.0% |
| Profit (loss) for the period to be appropriated | 9905 | €24,449 | €58,911 | +€34,462 | +141.0% |
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 3 October 2026 via checked.be.