FBR Group: 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.
FBR Group
Largest movements
- Tangible fixed assets -€24,040
down €24,040 (-11.7%), from €205,839 to €181,799
of which Land and buildings: -€12,895
- Cash +€16,008
up €16,008 (+19.8%), from €80,804 to €96,812
mainly Net result for the year (+€39,650) and Contributions, distributions and other (+€30,629)
- Stocks and contracts +€3,399
up €3,399 (+28.2%), from €12,043 to €15,442
- Profit (loss) carried forward +€62,111
up €62,111, from -€62,111 to €0
- Other debts -€44,856
down €44,856 (-71.5%), from €62,716 to €17,860
- Debts after one year -€26,394
down €26,394 (-24.2%), from €109,156 to €82,762
- Reserves +€8,168
up €8,168 (+6.0%), from €136,813 to €144,981
of which Distributable reserves: +€8,168
- Tax, wage and social debts +€3,800
up €3,800 (+771%), from €493 to €4,293
- Gross operating margin +€102,318
up €102,318, from -€30,856 to €71,462
- Taxes +€3,083
up €3,083 (+252%), from €1,221 to €4,305
- Other operating charges -€2,634
down €2,634 (-49.9%), from €5,283 to €2,649
- Depreciation +€1,571
up €1,571 (+7.0%), from €22,469 to €24,040
- Financial charges -€1,457
down €1,457 (-63.8%), from €2,285 to €828
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 | €305,433 | €304,409 | -€1,024 | -0.3% |
| Fixed assets | 21/28 | €207,755 | €183,715 | -€24,040 | -11.6% |
| Tangible fixed assets | 22/27 | €205,839 | €181,799 | -€24,040 | -11.7% |
| Land and buildings | 22 | €150,696 | €137,802 | -€12,895 | -8.6% |
| Plant, machinery and equipment | 23 | €12,960 | €11,756 | -€1,204 | -9.3% |
| Furniture and vehicles | 24 | €42,183 | €32,241 | -€9,941 | -23.6% |
| Financial fixed assets | 28 | €1,916 | €1,916 | = | 0.0% |
| Current assets | 29/58 | €97,678 | €120,693 | +€23,016 | +23.6% |
| Stocks and contracts in progress | 3 | €12,043 | €15,442 | +€3,399 | +28.2% |
| Stocks | 30/36 | €12,043 | €15,442 | +€3,399 | +28.2% |
| Amounts receivable within one year | 40/41 | €4,831 | €5,783 | +€952 | +19.7% |
| Trade receivables | 40 | €4,831 | €4,458 | -€372 | -7.7% |
| Other amounts receivable | 41 | - | €1,325 | +€1,325 | |
| Cash at bank and in hand | 54/58 | €80,804 | €96,812 | +€16,008 | +19.8% |
| Deferred charges and accrued income | 490/1 | - | €2,656 | +€2,656 | |
| Total equity and liabilities | 10/49 | €305,433 | €304,409 | -€1,024 | -0.3% |
| Equity | 10/15 | €93,302 | €163,581 | +€70,279 | +75.3% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €136,813 | €144,981 | +€8,168 | +6.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €134,953 | €143,121 | +€8,168 | +6.1% |
| Profit (loss) carried forward | 14 | -€62,111 | €0 | +€62,111 | |
| Amounts payable | 17/49 | €212,131 | €140,828 | -€71,303 | -33.6% |
| Amounts payable after more than one year | 17 | €109,156 | €82,762 | -€26,394 | -24.2% |
| Financial debts | 170/4 | €109,156 | €82,762 | -€26,394 | -24.2% |
| Amounts payable within one year | 42/48 | €102,975 | €58,065 | -€44,910 | -43.6% |
| Financial debts | 43 | €37,055 | €35,350 | -€1,705 | -4.6% |
| Credit institutions | 430/8 | €25,365 | €23,660 | -€1,705 | -6.7% |
| Other loans | 439 | €11,690 | €11,690 | = | 0.0% |
| Trade debts | 44 | €2,712 | €563 | -€2,149 | -79.2% |
| Suppliers | 440/4 | €2,712 | €563 | -€2,149 | -79.2% |
| Taxes, remuneration and social security | 45 | €493 | €4,293 | +€3,800 | +771% |
| Taxes | 450/3 | €493 | €4,293 | +€3,800 | +771% |
| Other amounts payable | 47/48 | €62,716 | €17,860 | -€44,856 | -71.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €22,469 | €24,040 | +€1,571 | +7.0% |
| Other operating charges | 640/8 | €5,283 | €2,649 | -€2,634 | -49.9% |
| Gross operating margin | 9900 | -€30,856 | €71,462 | +€102,318 | |
| Operating profit (loss) | 9901 | -€58,608 | €44,773 | +€103,381 | |
| Financial income | 75/76B | €4 | €9 | +€5 | +134% |
| Recurring financial income | 75 | €4 | €9 | +€5 | +134% |
| Financial charges | 65/66B | €2,285 | €828 | -€1,457 | -63.8% |
| Recurring financial charges | 65 | €2,285 | €828 | -€1,457 | -63.8% |
| Profit (loss) for the period before taxes | 9903 | -€60,889 | €43,954 | +€104,844 | |
| Income taxes | 67/77 | €1,221 | €4,305 | +€3,083 | +252% |
| Profit (loss) for the period | 9904 | -€62,111 | €39,650 | +€101,761 | |
| Profit (loss) for the period to be appropriated | 9905 | -€62,111 | €39,650 | +€101,761 |
Source: filed annual accounts (NBB), financial years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 18 October 2026 via checked.be.