FEBAS: 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.
FEBAS
Largest movements
- Cash +€93,609
up €93,609 (+43.7%), from €214,205 to €307,814
mainly Receivables within one year (+€81,508) and Other debts (+€39,526)
- Receivables within one year -€81,508
down €81,508 (-38.1%), from €213,831 to €132,322
of which Trade receivables: -€75,031
- Deferred charges and accrued income -€29,956
down €29,956 (-97.5%), from €30,739 to €783
- Reserves -€40,779
down €40,779 (-9.2%), from €441,914 to €401,135
of which Distributable reserves: -€40,779
- Other debts +€39,526
up €39,526 (+227.7%), from €17,358 to €56,884
- Trade debts -€10,916
down €10,916 (-40.9%), from €26,660 to €15,744
- Short-term financial debts -€6,324
down €6,324 (-33.4%), from €18,929 to €12,605
- Gross operating margin -€81,983
down €81,983 (-73.5%), from €111,526 to €29,542
- Taxes -€24,034
down €24,034 (-73.9%), from €32,509 to €8,475
- Depreciation +€2,461
up €2,461 (+76.1%), from €3,235 to €5,696
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 | €522,129 | €499,302 | -€22,827 | -4.4% |
| Fixed assets | 21/28 | €50,344 | €49,607 | -€737 | -1.5% |
| Tangible fixed assets | 22/27 | €47,944 | €47,207 | -€737 | -1.5% |
| Plant, machinery and equipment | 23 | €720 | €357 | -€363 | -50.4% |
| Furniture and vehicles | 24 | €0 | €4,635 | +€4,635 | |
| Other tangible fixed assets | 26 | €47,224 | €42,214 | -€5,010 | -10.6% |
| Financial fixed assets | 28 | €2,400 | €2,400 | = | 0.0% |
| Current assets | 29/58 | €471,785 | €449,696 | -€22,089 | -4.7% |
| Amounts receivable after more than one year | 29 | €13,011 | €8,776 | -€4,235 | -32.5% |
| Other amounts receivable | 291 | €13,011 | €8,776 | -€4,235 | -32.5% |
| Amounts receivable within one year | 40/41 | €213,831 | €132,322 | -€81,508 | -38.1% |
| Trade receivables | 40 | €147,531 | €72,500 | -€75,031 | -50.9% |
| Other amounts receivable | 41 | €66,300 | €59,823 | -€6,477 | -9.8% |
| Cash at bank and in hand | 54/58 | €214,205 | €307,814 | +€93,609 | +43.7% |
| Deferred charges and accrued income | 490/1 | €30,739 | €783 | -€29,956 | -97.5% |
| Total equity and liabilities | 10/49 | €522,129 | €499,302 | -€22,827 | -4.4% |
| Equity | 10/15 | €448,114 | €407,335 | -€40,779 | -9.1% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €441,914 | €401,135 | -€40,779 | -9.2% |
| Tax-exempt reserves | 132 | €501 | €501 | = | 0.0% |
| Distributable reserves | 133 | €441,413 | €400,634 | -€40,779 | -9.2% |
| Amounts payable | 17/49 | €74,015 | €91,967 | +€17,952 | +24.3% |
| Amounts payable within one year | 42/48 | €74,015 | €91,967 | +€17,952 | +24.3% |
| Financial debts | 43 | €18,929 | €12,605 | -€6,324 | -33.4% |
| Credit institutions | 430/8 | €18,929 | €12,605 | -€6,324 | -33.4% |
| Trade debts | 44 | €26,660 | €15,744 | -€10,916 | -40.9% |
| Suppliers | 440/4 | €26,660 | €15,744 | -€10,916 | -40.9% |
| Taxes, remuneration and social security | 45 | €11,069 | €6,735 | -€4,334 | -39.2% |
| Taxes | 450/3 | €11,069 | €6,735 | -€4,334 | -39.2% |
| Other amounts payable | 47/48 | €17,358 | €56,884 | +€39,526 | +227.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,235 | €5,696 | +€2,461 | +76.1% |
| Other operating charges | 640/8 | €1,567 | €1,024 | -€543 | -34.7% |
| Gross operating margin | 9900 | €111,526 | €29,542 | -€81,983 | -73.5% |
| Operating profit (loss) | 9901 | €106,724 | €22,823 | -€83,901 | -78.6% |
| Financial income | 75/76B | €3,598 | €2,576 | -€1,022 | -28.4% |
| Recurring financial income | 75 | €3,598 | €2,576 | -€1,022 | -28.4% |
| Financial charges | 65/66B | €1,052 | €818 | -€234 | -22.2% |
| Recurring financial charges | 65 | €1,052 | €818 | -€234 | -22.2% |
| Profit (loss) for the period before taxes | 9903 | €109,270 | €24,581 | -€84,689 | -77.5% |
| Income taxes | 67/77 | €32,509 | €8,475 | -€24,034 | -73.9% |
| Profit (loss) for the period | 9904 | €76,761 | €16,106 | -€60,655 | -79.0% |
| Profit (loss) for the period to be appropriated | 9905 | €76,761 | €16,106 | -€60,655 | -79.0% |
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 7 October 2026 via checked.be.