FCLB Invest: what changed
FCLB Invest
Largest movements
- Cash -€93,530
down €93,530 (-96.2%), from €97,176 to €3,646
mainly Receivables within one year (-€64,309) and Trade debts (-€30,635)
- Receivables within one year +€64,309
up €64,309 (+82.7%), from €77,716 to €142,025
- Trade debts -€30,635
down €30,635 (-100%), from €30,635 to €0
- Gross operating margin +€49,726
up €49,726 (+95.7%), from -€51,952 to -€2,226
- Financial income +€1,993
up €1,993 (+86.0%), from €2,316 to €4,309
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €174,892 | €145,670 | -€29,222 | -16.7% |
| Current assets | 29/58 | €174,892 | €145,670 | -€29,222 | -16.7% |
| Stocks and contracts in progress | 3 | €0 | - | = | |
| Stocks | 30/36 | €0 | - | = | |
| Amounts receivable within one year | 40/41 | €77,716 | €142,025 | +€64,309 | +82.7% |
| Other amounts receivable | 41 | €77,716 | €142,025 | +€64,309 | +82.7% |
| Cash at bank and in hand | 54/58 | €97,176 | €3,646 | -€93,530 | -96.2% |
| Total equity and liabilities | 10/49 | €174,892 | €145,670 | -€29,222 | -16.7% |
| Equity | 10/15 | €141,757 | €143,170 | +€1,414 | +1.0% |
| Contributions | 10/11 | €100,000 | €100,000 | = | 0.0% |
| Reserves | 13 | €41,757 | €43,170 | +€1,414 | +3.4% |
| Distributable reserves | 133 | €41,757 | €43,170 | +€1,414 | +3.4% |
| Amounts payable | 17/49 | €33,135 | €2,500 | -€30,635 | -92.5% |
| Amounts payable within one year | 42/48 | €33,135 | €2,500 | -€30,635 | -92.5% |
| Trade debts | 44 | €30,635 | €0 | -€30,635 | -100% |
| Suppliers | 440/4 | €30,635 | €0 | -€30,635 | -100% |
| Advances received on contracts in progress | 46 | €2,500 | €2,500 | = | 0.0% |
| Taxes, remuneration and social security | 45 | €0 | - | = | |
| Taxes | 450/3 | €0 | - | = | |
| Other operating charges | 640/8 | €451 | €465 | +€14 | +3.2% |
| Gross operating margin | 9900 | -€51,952 | -€2,226 | +€49,726 | +95.7% |
| Operating profit (loss) | 9901 | -€52,403 | -€2,692 | +€49,712 | +94.9% |
| Financial income | 75/76B | €2,316 | €4,309 | +€1,993 | +86.0% |
| Recurring financial income | 75 | €2,316 | €4,309 | +€1,993 | +86.0% |
| Financial charges | 65/66B | €62 | €203 | +€142 | +230% |
| Recurring financial charges | 65 | €62 | €203 | +€142 | +230% |
| Profit (loss) for the period before taxes | 9903 | -€50,149 | €1,414 | +€51,563 | |
| Income taxes | 67/77 | €0 | - | = | |
| Profit (loss) for the period | 9904 | -€50,149 | €1,414 | +€51,563 | |
| Profit (loss) for the period to be appropriated | 9905 | -€50,149 | €1,414 | +€51,563 |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 5 November 2026 via checked.be.