FBRP Law: 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.
FBRP Law
Largest movements
- Cash +€26,901
up €26,901 (+51.5%), from €52,232 to €79,133
mainly Net result for the year (+€94,799) and Depreciation (+€14,290)
- Intangible fixed assets -€14,290
down €14,290 (-16.7%), from €85,710 to €71,420
- Receivables within one year +€10,734
up €10,734 (+55.3%), from €19,413 to €30,147
of which Trade receivables: +€10,787
- Financial fixed assets +€3,304
up €3,304 (+3.3%), from €100,094 to €103,398
- Profit (loss) carried forward +€94,799
up €94,799 (+86.2%), from €109,969 to €204,768
- Other debts -€41,061
down €41,061 (-99.2%), from €41,380 to €319
- Debts after one year -€20,100
down €20,100 (-34.0%), from €59,063 to €38,963
- Tax, wage and social debts -€8,742
down €8,742 (-41.1%), from €21,287 to €12,545
- Gross operating margin -€19,746
down €19,746 (-11.9%), from €166,198 to €146,452
- Taxes -€2,433
down €2,433 (-6.7%), from €36,500 to €34,067
- Financial charges -€1,697
down €1,697 (-38.0%), from €4,461 to €2,764
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 | €257,536 | €284,171 | +€26,635 | +10.3% |
| Fixed assets | 21/28 | €185,804 | €174,818 | -€10,986 | -5.9% |
| Intangible fixed assets | 21 | €85,710 | €71,420 | -€14,290 | -16.7% |
| Financial fixed assets | 28 | €100,094 | €103,398 | +€3,304 | +3.3% |
| Current assets | 29/58 | €71,732 | €109,353 | +€37,621 | +52.4% |
| Amounts receivable within one year | 40/41 | €19,413 | €30,147 | +€10,734 | +55.3% |
| Trade receivables | 40 | €19,360 | €30,147 | +€10,787 | +55.7% |
| Other amounts receivable | 41 | €53 | - | -€53 | |
| Cash at bank and in hand | 54/58 | €52,232 | €79,133 | +€26,901 | +51.5% |
| Deferred charges and accrued income | 490/1 | €87 | €73 | -€14 | -16.3% |
| Total equity and liabilities | 10/49 | €257,536 | €284,171 | +€26,635 | +10.3% |
| Equity | 10/15 | €114,969 | €209,768 | +€94,799 | +82.5% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €109,969 | €204,768 | +€94,799 | +86.2% |
| Amounts payable | 17/49 | €142,567 | €74,403 | -€68,164 | -47.8% |
| Amounts payable after more than one year | 17 | €59,063 | €38,963 | -€20,100 | -34.0% |
| Financial debts | 170/4 | €59,063 | €38,963 | -€20,100 | -34.0% |
| Amounts payable within one year | 42/48 | €83,504 | €35,441 | -€48,063 | -57.6% |
| Current portion of amounts payable after more than one year | 42 | €19,327 | €20,100 | +€773 | +4.0% |
| Trade debts | 44 | €1,510 | €2,476 | +€966 | +64.0% |
| Suppliers | 440/4 | €1,510 | €2,476 | +€966 | +64.0% |
| Taxes, remuneration and social security | 45 | €21,287 | €12,545 | -€8,742 | -41.1% |
| Taxes | 450/3 | €21,287 | €12,545 | -€8,742 | -41.1% |
| Other amounts payable | 47/48 | €41,380 | €319 | -€41,061 | -99.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,290 | €14,290 | = | 0.0% |
| Other operating charges | 640/8 | €978 | €532 | -€446 | -45.6% |
| Gross operating margin | 9900 | €166,198 | €146,452 | -€19,746 | -11.9% |
| Operating profit (loss) | 9901 | €150,930 | €131,630 | -€19,300 | -12.8% |
| Financial charges | 65/66B | €4,461 | €2,764 | -€1,697 | -38.0% |
| Recurring financial charges | 65 | €4,461 | €2,764 | -€1,697 | -38.0% |
| Profit (loss) for the period before taxes | 9903 | €146,469 | €128,866 | -€17,602 | -12.0% |
| Income taxes | 67/77 | €36,500 | €34,067 | -€2,433 | -6.7% |
| Profit (loss) for the period | 9904 | €109,969 | €94,799 | -€15,170 | -13.8% |
| Profit (loss) for the period to be appropriated | 9905 | €109,969 | €94,799 | -€15,170 | -13.8% |
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.