FEBECO: 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.
FEBECO
Largest movements
- Tangible fixed assets +€72,168
up €72,168 (+243.6%), from €29,622 to €101,790
of which Assets under construction and advance payments: +€70,299
- Cash -€58,620
down €58,620 (-66.9%), from €87,643 to €29,023
mainly Investment in fixed assets (net) (-€80,729) and Other debts (-€4,118)
- Receivables within one year -€7,776
down €7,776 (-10.1%), from €77,356 to €69,581
of which Other amounts receivable: -€14,946
- Stocks and contracts +€2,459
up €2,459 (+57.3%), from €4,290 to €6,749
- Profit (loss) carried forward +€19,046
up €19,046 (+17.8%), from €106,911 to €125,956
- Other debts -€4,118
down €4,118 (-28.4%), from €14,515 to €10,398
- Trade debts -€3,663
down €3,663 (-19.5%), from €18,827 to €15,164
- Tax, wage and social debts -€3,088
down €3,088 (-7.9%), from €38,939 to €35,851
of which Remuneration and social security: -€2,928
- Gross operating margin -€54,455
down €54,455 (-16.2%), from €336,628 to €282,173
- Staff costs -€16,893
down €16,893 (-6.8%), from €246,682 to €229,789
- Depreciation -€4,367
down €4,367 (-33.8%), from €12,928 to €8,561
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 | €199,651 | €207,829 | +€8,178 | +4.1% |
| Fixed assets | 21/28 | €30,308 | €102,476 | +€72,168 | +238.1% |
| Tangible fixed assets | 22/27 | €29,622 | €101,790 | +€72,168 | +243.6% |
| Plant, machinery and equipment | 23 | €3,180 | €10,732 | +€7,551 | +237.4% |
| Furniture and vehicles | 24 | €5,422 | €5,360 | -€62 | -1.1% |
| Other tangible fixed assets | 26 | €21,019 | €15,399 | -€5,620 | -26.7% |
| Assets under construction and advance payments | 27 | - | €70,299 | +€70,299 | |
| Financial fixed assets | 28 | €686 | €686 | = | 0.0% |
| Current assets | 29/58 | €169,343 | €105,353 | -€63,990 | -37.8% |
| Stocks and contracts in progress | 3 | €4,290 | €6,749 | +€2,459 | +57.3% |
| Stocks | 30/36 | €4,290 | €6,749 | +€2,459 | +57.3% |
| Amounts receivable within one year | 40/41 | €77,356 | €69,581 | -€7,776 | -10.1% |
| Trade receivables | 40 | €54,975 | €62,145 | +€7,170 | +13.0% |
| Other amounts receivable | 41 | €22,382 | €7,436 | -€14,946 | -66.8% |
| Cash at bank and in hand | 54/58 | €87,643 | €29,023 | -€58,620 | -66.9% |
| Deferred charges and accrued income | 490/1 | €54 | - | -€54 | |
| Total equity and liabilities | 10/49 | €199,651 | €207,829 | +€8,178 | +4.1% |
| Equity | 10/15 | €127,371 | €146,416 | +€19,046 | +15.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €106,911 | €125,956 | +€19,046 | +17.8% |
| Amounts payable | 17/49 | €72,281 | €61,413 | -€10,868 | -15.0% |
| Amounts payable within one year | 42/48 | €72,281 | €61,413 | -€10,868 | -15.0% |
| Trade debts | 44 | €18,827 | €15,164 | -€3,663 | -19.5% |
| Suppliers | 440/4 | €18,827 | €15,164 | -€3,663 | -19.5% |
| Taxes, remuneration and social security | 45 | €38,939 | €35,851 | -€3,088 | -7.9% |
| Taxes | 450/3 | €14,269 | €14,109 | -€160 | -1.1% |
| Remuneration and social security | 454/9 | €24,670 | €21,742 | -€2,928 | -11.9% |
| Other amounts payable | 47/48 | €14,515 | €10,398 | -€4,118 | -28.4% |
| Remuneration, social security and pensions | 62 | €246,682 | €229,789 | -€16,893 | -6.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,928 | €8,561 | -€4,367 | -33.8% |
| Other operating charges | 640/8 | €6,830 | €9,216 | +€2,385 | +34.9% |
| Gross operating margin | 9900 | €336,628 | €282,173 | -€54,455 | -16.2% |
| Operating profit (loss) | 9901 | €70,188 | €34,608 | -€35,580 | -50.7% |
| Financial income | 75/76B | €206 | - | -€206 | |
| Recurring financial income | 75 | €206 | - | -€206 | |
| Financial charges | 65/66B | €10,474 | €7,488 | -€2,986 | -28.5% |
| Recurring financial charges | 65 | €9,874 | €488 | -€9,386 | -95.1% |
| Non-recurring financial charges | 66B | €600 | €7,000 | +€6,400 | +1066.7% |
| Profit (loss) for the period before taxes | 9903 | €59,920 | €27,119 | -€32,800 | -54.7% |
| Income taxes | 67/77 | €8,746 | €8,074 | -€672 | -7.7% |
| Profit (loss) for the period | 9904 | €51,174 | €19,046 | -€32,128 | -62.8% |
| Profit (loss) for the period to be appropriated | 9905 | €51,174 | €19,046 | -€32,128 | -62.8% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 5 October 2026 via checked.be.