FEBOU: 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.
FEBOU
Largest movements
- Financial fixed assets +€1.0m
up €1.0m (+18.7%), from €5.4m to €6.4m
- Receivables within one year -€140,095
down €140,095 (-75.7%), from €185,095 to €45,000
of which Other amounts receivable: -€140,095
- Contributions -€2.5m
down €2.5m (-64.8%), from €3.9m to €1.4m
- Debts after one year +€2.4m
new in 2025: €2.4m
- Other debts +€1.1m
up €1.1m, from €0 to €1.1m
- Profit (loss) carried forward -€66,396
down €66,396 (-11.1%), from €597,438 to €531,042
- Financial income -€366,089
down €366,089 (-99.7%), from €367,040 to €951
- Financial charges +€63,663
up €63,663 (+2,944%), from €2,162 to €65,825
- Taxes -€34,875
down €34,875 (-100%), from €34,875 to €0
- Gross operating margin -€5,812
down €5,812 (-29.3%), from €19,839 to €14,027
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 | €5,565,003 | €6,453,327 | +€888,323 | +16.0% |
| Fixed assets | 21/28 | €5,379,053 | €6,386,864 | +€1.0m | +18.7% |
| Financial fixed assets | 28 | €5,379,053 | €6,386,864 | +€1.0m | +18.7% |
| Current assets | 29/58 | €185,951 | €66,462 | -€119,489 | -64.3% |
| Amounts receivable within one year | 40/41 | €185,095 | €45,000 | -€140,095 | -75.7% |
| Trade receivables | 40 | €0 | - | = | |
| Other amounts receivable | 41 | €185,095 | €45,000 | -€140,095 | -75.7% |
| Cash at bank and in hand | 54/58 | €856 | €21,462 | +€20,606 | +2,407% |
| Total equity and liabilities | 10/49 | €5,565,003 | €6,453,327 | +€888,323 | +16.0% |
| Equity | 10/15 | €5,562,023 | €2,969,055 | -€2.6m | -46.6% |
| Contributions | 10/11 | €3,896,100 | €1,369,528 | -€2.5m | -64.8% |
| Reserves | 13 | €1,068,485 | €1,068,485 | = | 0.0% |
| Distributable reserves | 133 | €1,068,485 | €1,068,485 | = | 0.0% |
| Profit (loss) carried forward | 14 | €597,438 | €531,042 | -€66,396 | -11.1% |
| Amounts payable | 17/49 | €2,981 | €3,484,272 | +€3.5m | +116,793% |
| Amounts payable after more than one year | 17 | - | €2,404,079 | +€2.4m | |
| Financial debts | 170/4 | - | €2,404,079 | +€2.4m | |
| Amounts payable within one year | 42/48 | €2,981 | €1,080,193 | +€1.1m | +36,139% |
| Trade debts | 44 | €1,073 | €1,103 | +€31 | +2.9% |
| Suppliers | 440/4 | €1,073 | €1,103 | +€31 | +2.9% |
| Taxes, remuneration and social security | 45 | €1,908 | €0 | -€1,908 | -100% |
| Taxes | 450/3 | €1,908 | €0 | -€1,908 | -100% |
| Other amounts payable | 47/48 | €0 | €1,079,089 | +€1.1m | |
| Other operating charges | 640/8 | €1,094 | €998 | -€95 | -8.7% |
| Gross operating margin | 9900 | €19,839 | €14,027 | -€5,812 | -29.3% |
| Operating profit (loss) | 9901 | €18,745 | €13,029 | -€5,717 | -30.5% |
| Financial income | 75/76B | €367,040 | €951 | -€366,089 | -99.7% |
| Recurring financial income | 75 | €367,040 | €951 | -€366,089 | -99.7% |
| Financial charges | 65/66B | €2,162 | €65,825 | +€63,663 | +2,944% |
| Recurring financial charges | 65 | €2,162 | €65,825 | +€63,663 | +2,944% |
| Profit (loss) for the period before taxes | 9903 | €383,623 | -€51,845 | -€435,468 | |
| Income taxes | 67/77 | €34,875 | €0 | -€34,875 | -100% |
| Profit (loss) for the period | 9904 | €348,748 | -€51,845 | -€400,593 | |
| Profit (loss) for the period to be appropriated | 9905 | €348,748 | -€51,845 | -€400,593 |
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 20 October 2026 via checked.be.