FEBELCOFONDS: what changed
Two financial 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.
FEBELCOFONDS
Largest movements
- Financial fixed assets -€516,039
down €516,039 (-5.1%), from €10.2m to €9.7m
- Receivables within one year -€152,975
no longer reported in 2025 (was €152,975)
- Contributions -€2.6m
down €2.6m (-30.8%), from €8.4m to €5.8m
- Reserves +€1.3m
up €1.3m (+79.0%), from €1.6m to €2.8m
- Other debts +€671,520
up €671,520 (+234%), from €287,504 to €959,024
- Financial income +€1.6m
up €1.6m (+121%), from €1.3m to €2.8m
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.
Derived cash bridge
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 | €10,359,274 | €9,688,124 | -€671,150 | -6.5% |
| Fixed assets | 21/28 | €10,201,097 | €9,685,058 | -€516,039 | -5.1% |
| Financial fixed assets | 28 | €10,201,097 | €9,685,058 | -€516,039 | -5.1% |
| Current assets | 29/58 | €158,177 | €3,066 | -€155,111 | -98.1% |
| Amounts receivable within one year | 40/41 | €152,975 | - | -€152,975 | |
| Other amounts receivable | 41 | €152,975 | - | -€152,975 | |
| Cash at bank and in hand | 54/58 | €5,202 | €3,066 | -€2,136 | -41.1% |
| Total equity and liabilities | 10/49 | €10,359,274 | €9,688,124 | -€671,150 | -6.5% |
| Equity | 10/15 | €10,011,948 | €8,674,604 | -€1.3m | -13.4% |
| Contributions | 10/11 | €8,425,337 | €5,834,188 | -€2.6m | -30.8% |
| Reserves | 13 | €1,586,611 | €2,840,417 | +€1.3m | +79.0% |
| Distributable reserves | 133 | €1,586,611 | €2,840,417 | +€1.3m | +79.0% |
| Amounts payable | 17/49 | €347,326 | €1,013,520 | +€666,194 | +192% |
| Amounts payable within one year | 42/48 | €293,508 | €959,031 | +€665,524 | +227% |
| Trade debts | 44 | €1,079 | €7 | -€1,072 | -99.3% |
| Suppliers | 440/4 | €1,079 | €7 | -€1,072 | -99.3% |
| Taxes, remuneration and social security | 45 | €4,925 | - | -€4,925 | |
| Taxes | 450/3 | €4,925 | - | -€4,925 | |
| Other amounts payable | 47/48 | €287,504 | €959,024 | +€671,520 | +234% |
| Accrued charges and deferred income | 492/3 | €53,818 | €54,489 | +€670 | +1.2% |
| Other operating charges | 640/8 | €1,178 | €1,412 | +€234 | +19.9% |
| Operating profit (loss) | 9901 | -€1,178 | -€1,412 | -€234 | -19.9% |
| Financial income | 75/76B | €1,283,327 | €2,838,081 | +€1.6m | +121% |
| Recurring financial income | 75 | €1,283,327 | €2,838,081 | +€1.6m | +121% |
| Financial charges | 65/66B | €54,334 | €1,177 | -€53,157 | -97.8% |
| Recurring financial charges | 65 | €54,334 | €1,177 | -€53,157 | -97.8% |
| Profit (loss) for the period before taxes | 9903 | €1,227,815 | €2,835,492 | +€1.6m | +131% |
| Income taxes | 67/77 | - | -€4,925 | -€4,925 | |
| Profit (loss) for the period | 9904 | €1,227,815 | €2,840,417 | +€1.6m | +131% |
| Profit (loss) for the period to be appropriated | 9905 | €1,227,815 | €2,840,417 | +€1.6m | +131% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 21 October 2026 via checked.be.