FEBOLAM: what changed
FEBOLAM
Largest movements
- Current investments -€537,646
down €537,646 (-87.4%), from €614,856 to €77,210
- Cash +€474,441
up €474,441 (+283%), from €167,521 to €641,962
mainly Current investments (+€537,646) and Other debts (+€504,103)
- Receivables within one year -€14,706
down €14,706 (-23.0%), from €63,806 to €49,100
of which Trade receivables: -€14,706
- Tangible fixed assets -€9,486
down €9,486 (-21.7%), from €43,675 to €34,188
of which Furniture and vehicles: -€8,881
- Reserves -€613,040
down €613,040 (-76.4%), from €802,630 to €189,590
- Other debts +€504,103
up €504,103 (+4,843%), from €10,409 to €514,512
- Tax, wage and social debts +€14,022
up €14,022 (+13.1%), from €107,316 to €121,338
- Gross operating margin -€73,157
down €73,157 (-18.9%), from €387,891 to €314,735
- Taxes -€22,488
down €22,488 (-22.6%), from €99,484 to €76,996
- Financial income -€15,937
down €15,937 (-45.6%), from €34,969 to €19,033
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €929,377 | €836,047 | -€93,330 | -10.0% |
| Fixed assets | 21/28 | €43,675 | €34,188 | -€9,486 | -21.7% |
| Tangible fixed assets | 22/27 | €43,675 | €34,188 | -€9,486 | -21.7% |
| Furniture and vehicles | 24 | €38,383 | €29,502 | -€8,881 | -23.1% |
| Other tangible fixed assets | 26 | €5,292 | €4,687 | -€605 | -11.4% |
| Current assets | 29/58 | €885,702 | €801,858 | -€83,844 | -9.5% |
| Amounts receivable within one year | 40/41 | €63,806 | €49,100 | -€14,706 | -23.0% |
| Trade receivables | 40 | €63,806 | €49,100 | -€14,706 | -23.0% |
| Other amounts receivable | 41 | €0 | €0 | +€0 | |
| Current investments | 50/53 | €614,856 | €77,210 | -€537,646 | -87.4% |
| Cash at bank and in hand | 54/58 | €167,521 | €641,962 | +€474,441 | +283% |
| Deferred charges and accrued income | 490/1 | €39,519 | €33,587 | -€5,933 | -15.0% |
| Total equity and liabilities | 10/49 | €929,377 | €836,047 | -€93,330 | -10.0% |
| Equity | 10/15 | €803,630 | €190,590 | -€613,040 | -76.3% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Reserves | 13 | €802,630 | €189,590 | -€613,040 | -76.4% |
| Distributable reserves | 133 | €802,630 | €189,590 | -€613,040 | -76.4% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €125,747 | €645,457 | +€519,710 | +413% |
| Amounts payable within one year | 42/48 | €125,747 | €645,457 | +€519,710 | +413% |
| Trade debts | 44 | €8,022 | €9,607 | +€1,585 | +19.8% |
| Suppliers | 440/4 | €8,022 | €9,607 | +€1,585 | +19.8% |
| Taxes, remuneration and social security | 45 | €107,316 | €121,338 | +€14,022 | +13.1% |
| Taxes | 450/3 | €107,316 | €121,338 | +€14,022 | +13.1% |
| Other amounts payable | 47/48 | €10,409 | €514,512 | +€504,103 | +4,843% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,757 | €11,954 | +€197 | +1.7% |
| Other operating charges | 640/8 | €1,417 | €637 | -€779 | -55.0% |
| Gross operating margin | 9900 | €387,891 | €314,735 | -€73,157 | -18.9% |
| Operating profit (loss) | 9901 | €374,718 | €302,144 | -€72,574 | -19.4% |
| Financial income | 75/76B | €34,969 | €19,033 | -€15,937 | -45.6% |
| Recurring financial income | 75 | €34,969 | €19,033 | -€15,937 | -45.6% |
| Financial charges | 65/66B | €855 | €2,221 | +€1,366 | +160% |
| Recurring financial charges | 65 | €855 | €2,221 | +€1,366 | +160% |
| Profit (loss) for the period before taxes | 9903 | €408,832 | €318,956 | -€89,876 | -22.0% |
| Income taxes | 67/77 | €99,484 | €76,996 | -€22,488 | -22.6% |
| Profit (loss) for the period | 9904 | €309,348 | €241,960 | -€67,388 | -21.8% |
| Profit (loss) for the period to be appropriated | 9905 | €309,348 | €241,960 | -€67,388 | -21.8% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 2 November 2026 via checked.be.