FEBA: 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.
FEBA
Largest movements
- Tangible fixed assets -€23,345
down €23,345 (-7.4%), from €315,336 to €291,990
of which Land and buildings: -€19,089
- Receivables within one year +€14,704
up €14,704 (+16.3%), from €89,976 to €104,680
of which Other amounts receivable: +€13,010
- Accrued charges and deferred income -€136,938
down €136,938 (-100.0%), from €136,938 to €0
- Other debts +€110,624
up €110,624 (+28.7%), from €385,501 to €496,124
- Reserves +€20,175
up €20,175 (+4.4%), from €463,203 to €483,378
of which Distributable reserves: +€20,175
- Other operating charges +€11,763
up €11,763 (+177.8%), from €6,616 to €18,379
- Gross operating margin +€9,178
up €9,178 (+11.1%), from €83,005 to €92,183
- Financial income +€6,682
up €6,682 (+154.3%), from €4,331 to €11,013
- Financial charges +€4,332
up €4,332 (+14.6%), from €29,703 to €34,035
- Depreciation -€4,047
down €4,047 (-14.8%), from €27,393 to €23,345
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 | €1,162,940 | €1,153,312 | -€9,628 | -0.8% |
| Fixed assets | 21/28 | €1,065,336 | €1,041,990 | -€23,345 | -2.2% |
| Tangible fixed assets | 22/27 | €315,336 | €291,990 | -€23,345 | -7.4% |
| Land and buildings | 22 | €311,027 | €291,938 | -€19,089 | -6.1% |
| Plant, machinery and equipment | 23 | €4,309 | €53 | -€4,256 | -98.8% |
| Financial fixed assets | 28 | €750,000 | €750,000 | = | 0.0% |
| Current assets | 29/58 | €97,604 | €111,322 | +€13,718 | +14.1% |
| Amounts receivable within one year | 40/41 | €89,976 | €104,680 | +€14,704 | +16.3% |
| Trade receivables | 40 | €1,860 | €3,554 | +€1,694 | +91.1% |
| Other amounts receivable | 41 | €88,116 | €101,126 | +€13,010 | +14.8% |
| Cash at bank and in hand | 54/58 | €7,212 | €6,225 | -€987 | -13.7% |
| Deferred charges and accrued income | 490/1 | €417 | €417 | = | 0.0% |
| Total equity and liabilities | 10/49 | €1,162,940 | €1,153,312 | -€9,628 | -0.8% |
| Equity | 10/15 | €611,939 | €632,114 | +€20,175 | +3.3% |
| Contributions | 10/11 | €148,736 | €148,736 | = | 0.0% |
| Capital | 10 | €148,736 | €148,736 | = | 0.0% |
| Issued capital | 100 | €148,736 | €148,736 | = | 0.0% |
| Reserves | 13 | €463,203 | €483,378 | +€20,175 | +4.4% |
| Non-distributable reserves | 130/1 | €14,874 | €14,874 | = | 0.0% |
| Legal reserve | 130 | €14,874 | €14,874 | = | 0.0% |
| Tax-exempt reserves | 132 | €26,565 | €26,565 | = | 0.0% |
| Distributable reserves | 133 | €421,764 | €441,939 | +€20,175 | +4.8% |
| Amounts payable | 17/49 | €551,001 | €521,198 | -€29,803 | -5.4% |
| Amounts payable within one year | 42/48 | €414,062 | €521,198 | +€107,136 | +25.9% |
| Trade debts | 44 | €21,170 | €22,811 | +€1,641 | +7.8% |
| Suppliers | 440/4 | €21,170 | €22,811 | +€1,641 | +7.8% |
| Taxes, remuneration and social security | 45 | €7,392 | €2,262 | -€5,129 | -69.4% |
| Taxes | 450/3 | €7,392 | €2,262 | -€5,129 | -69.4% |
| Other amounts payable | 47/48 | €385,501 | €496,124 | +€110,624 | +28.7% |
| Accrued charges and deferred income | 492/3 | €136,938 | €0 | -€136,938 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €27,393 | €23,345 | -€4,047 | -14.8% |
| Other operating charges | 640/8 | €6,616 | €18,379 | +€11,763 | +177.8% |
| Gross operating margin | 9900 | €83,005 | €92,183 | +€9,178 | +11.1% |
| Operating profit (loss) | 9901 | €48,996 | €50,459 | +€1,463 | +3.0% |
| Financial income | 75/76B | €4,331 | €11,013 | +€6,682 | +154.3% |
| Recurring financial income | 75 | €4,331 | €11,013 | +€6,682 | +154.3% |
| Financial charges | 65/66B | €29,703 | €34,035 | +€4,332 | +14.6% |
| Recurring financial charges | 65 | €29,703 | €34,035 | +€4,332 | +14.6% |
| Profit (loss) for the period before taxes | 9903 | €23,624 | €27,437 | +€3,813 | +16.1% |
| Income taxes | 67/77 | €6,248 | €7,262 | +€1,015 | +16.2% |
| Profit (loss) for the period | 9904 | €17,377 | €20,175 | +€2,799 | +16.1% |
| Profit (loss) for the period to be appropriated | 9905 | €17,377 | €20,175 | +€2,799 | +16.1% |
Source: filed annual accounts (NBB), fiscal years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 2 October 2026 via checked.be.