FEBEK: 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.
FEBEK
Largest movements
- Cash -€29,628
down €29,628 (-71.5%), from €41,450 to €11,823
mainly Net result for the year (-€42,646) and Debts after one year (-€14,094)
- Tangible fixed assets -€22,027
down €22,027 (-18.6%), from €118,428 to €96,401
of which Furniture and vehicles: -€17,765
- Receivables within one year -€10,677
no longer reported in 2025 (was €10,677)
of which Trade receivables: -€10,677
- Profit (loss) carried forward -€42,646
down €42,646, from €0 to -€42,646
- Debts after one year -€14,094
down €14,094 (-21.4%), from €65,906 to €51,812
- Tax, wage and social debts -€10,775
down €10,775 (-57.9%), from €18,604 to €7,828
- Other debts +€10,621
up €10,621 (+521.9%), from €2,035 to €12,656
- Current portion of long-term debt -€8,050
down €8,050 (-36.4%), from €22,144 to €14,094
- Gross operating margin -€84,883
down €84,883, from €52,578 to -€32,305
- Taxes -€15,646
down €15,646 (-99.2%), from €15,778 to €132
- Depreciation -€10,442
down €10,442 (-69.1%), from €15,110 to €4,668
- Financial income -€653
down €653 (-100.0%), from €653 to €0
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 | €171,276 | €108,231 | -€63,045 | -36.8% |
| Fixed assets | 21/28 | €118,428 | €96,401 | -€22,027 | -18.6% |
| Tangible fixed assets | 22/27 | €118,428 | €96,401 | -€22,027 | -18.6% |
| Land and buildings | 22 | €97,745 | €94,506 | -€3,239 | -3.3% |
| Furniture and vehicles | 24 | €17,779 | €14 | -€17,765 | -99.9% |
| Other tangible fixed assets | 26 | €2,904 | €1,880 | -€1,023 | -35.2% |
| Current assets | 29/58 | €52,848 | €11,830 | -€41,017 | -77.6% |
| Amounts receivable within one year | 40/41 | €10,677 | - | -€10,677 | |
| Trade receivables | 40 | €10,677 | - | -€10,677 | |
| Other amounts receivable | 41 | €0 | - | = | |
| Cash at bank and in hand | 54/58 | €41,450 | €11,823 | -€29,628 | -71.5% |
| Deferred charges and accrued income | 490/1 | €721 | €8 | -€713 | -98.9% |
| Total equity and liabilities | 10/49 | €171,276 | €108,231 | -€63,045 | -36.8% |
| Equity | 10/15 | €60,797 | €18,151 | -€42,646 | -70.1% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €54,597 | €54,597 | = | 0.0% |
| Distributable reserves | 133 | €54,597 | €54,597 | = | 0.0% |
| Profit (loss) carried forward | 14 | €0 | -€42,646 | -€42,646 | |
| Amounts payable | 17/49 | €110,479 | €90,080 | -€20,399 | -18.5% |
| Amounts payable after more than one year | 17 | €65,906 | €51,812 | -€14,094 | -21.4% |
| Financial debts | 170/4 | €65,906 | €51,812 | -€14,094 | -21.4% |
| Amounts payable within one year | 42/48 | €44,573 | €38,268 | -€6,305 | -14.1% |
| Current portion of amounts payable after more than one year | 42 | €22,144 | €14,094 | -€8,050 | -36.4% |
| Financial debts | 43 | €140 | €104 | -€36 | -25.9% |
| Credit institutions | 430/8 | €140 | €104 | -€36 | -25.9% |
| Trade debts | 44 | €1,651 | €3,586 | +€1,936 | +117.3% |
| Suppliers | 440/4 | €1,651 | €3,586 | +€1,936 | +117.3% |
| Advances received on contracts in progress | 46 | €0 | - | = | |
| Taxes, remuneration and social security | 45 | €18,604 | €7,828 | -€10,775 | -57.9% |
| Taxes | 450/3 | €18,604 | €7,828 | -€10,775 | -57.9% |
| Other amounts payable | 47/48 | €2,035 | €12,656 | +€10,621 | +521.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,110 | €4,668 | -€10,442 | -69.1% |
| Other operating charges | 640/8 | €4,004 | €3,557 | -€447 | -11.2% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Gross operating margin | 9900 | €52,578 | -€32,305 | -€84,883 | |
| Operating profit (loss) | 9901 | €33,465 | -€40,530 | -€73,995 | |
| Financial income | 75/76B | €653 | €0 | -€653 | -100.0% |
| Recurring financial income | 75 | €653 | €0 | -€653 | -100.0% |
| Financial charges | 65/66B | €1,929 | €1,984 | +€56 | +2.9% |
| Recurring financial charges | 65 | €1,929 | €1,984 | +€56 | +2.9% |
| Profit (loss) for the period before taxes | 9903 | €32,190 | -€42,514 | -€74,703 | |
| Income taxes | 67/77 | €15,778 | €132 | -€15,646 | -99.2% |
| Profit (loss) for the period | 9904 | €16,411 | -€42,646 | -€59,057 | |
| Profit (loss) for the period to be appropriated | 9905 | €16,411 | -€42,646 | -€59,057 |
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 7 October 2026 via checked.be.