FEBP: 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.
FEBP
Largest movements
- Financial fixed assets -€14,500
down €14,500 (-95.0%), from €15,263 to €763
- Tangible fixed assets -€2,641
down €2,641 (-14.7%), from €17,978 to €15,337
of which Furniture and vehicles: -€1,533
- Deferred charges and accrued income -€2,210
down €2,210 (-26.1%), from €8,472 to €6,262
- Receivables within one year +€991
up €991 (+5.8%), from €17,136 to €18,127
of which Trade receivables: +€12,257
- Other debts +€24,557
new in 2025: €24,557
- Trade debts -€24,214
down €24,214 (-55.2%), from €43,904 to €19,690
- Profit (loss) carried forward -€17,433
down €17,433 (-286.5%), from -€6,084 to -€23,517
- Short-term financial debts -€2,582
down €2,582 (-96.4%), from €2,678 to €96
- Advances received +€1,085
new in 2025: €1,085
- Gross operating margin +€13,641
up €13,641 (+55.2%), from -€24,712 to -€11,071
- Depreciation -€2,474
down €2,474 (-32.0%), from €7,731 to €5,257
- Taxes -€339
down €339 (-60.4%), from €561 to €222
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 | €59,352 | €40,714 | -€18,638 | -31.4% |
| Fixed assets | 21/28 | €33,241 | €16,100 | -€17,141 | -51.6% |
| Tangible fixed assets | 22/27 | €17,978 | €15,337 | -€2,641 | -14.7% |
| Plant, machinery and equipment | 23 | €5,229 | €5,274 | +€46 | +0.9% |
| Furniture and vehicles | 24 | €3,764 | €2,231 | -€1,533 | -40.7% |
| Other tangible fixed assets | 26 | €8,986 | €7,832 | -€1,154 | -12.8% |
| Financial fixed assets | 28 | €15,263 | €763 | -€14,500 | -95.0% |
| Current assets | 29/58 | €26,111 | €24,614 | -€1,497 | -5.7% |
| Amounts receivable within one year | 40/41 | €17,136 | €18,127 | +€991 | +5.8% |
| Trade receivables | 40 | €1,319 | €13,576 | +€12,257 | +929.2% |
| Other amounts receivable | 41 | €15,817 | €4,551 | -€11,266 | -71.2% |
| Cash at bank and in hand | 54/58 | €503 | €225 | -€278 | -55.3% |
| Deferred charges and accrued income | 490/1 | €8,472 | €6,262 | -€2,210 | -26.1% |
| Total equity and liabilities | 10/49 | €59,352 | €40,714 | -€18,638 | -31.4% |
| Equity | 10/15 | €12,516 | -€4,917 | -€17,433 | |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€6,084 | -€23,517 | -€17,433 | -286.5% |
| Amounts payable | 17/49 | €46,837 | €45,631 | -€1,206 | -2.6% |
| Amounts payable within one year | 42/48 | €46,837 | €45,631 | -€1,206 | -2.6% |
| Financial debts | 43 | €2,678 | €96 | -€2,582 | -96.4% |
| Credit institutions | 430/8 | €2,678 | €96 | -€2,582 | -96.4% |
| Trade debts | 44 | €43,904 | €19,690 | -€24,214 | -55.2% |
| Suppliers | 440/4 | €43,904 | €19,690 | -€24,214 | -55.2% |
| Advances received on contracts in progress | 46 | - | €1,085 | +€1,085 | |
| Taxes, remuneration and social security | 45 | €255 | €203 | -€52 | -20.3% |
| Taxes | 450/3 | €255 | €203 | -€52 | -20.3% |
| Other amounts payable | 47/48 | - | €24,557 | +€24,557 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,731 | €5,257 | -€2,474 | -32.0% |
| Other operating charges | 640/8 | €387 | €400 | +€12 | +3.2% |
| Gross operating margin | 9900 | -€24,712 | -€11,071 | +€13,641 | +55.2% |
| Operating profit (loss) | 9901 | -€32,830 | -€16,727 | +€16,103 | +49.0% |
| Financial income | 75/76B | €7 | - | -€7 | |
| Recurring financial income | 75 | €7 | - | -€7 | |
| Financial charges | 65/66B | €564 | €483 | -€80 | -14.3% |
| Recurring financial charges | 65 | €564 | €483 | -€80 | -14.3% |
| Profit (loss) for the period before taxes | 9903 | -€33,387 | -€17,210 | +€16,177 | +48.5% |
| Income taxes | 67/77 | €561 | €222 | -€339 | -60.4% |
| Profit (loss) for the period | 9904 | -€33,948 | -€17,433 | +€16,515 | +48.6% |
| Profit (loss) for the period to be appropriated | 9905 | -€33,948 | -€17,433 | +€16,515 | +48.6% |
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 28 September 2026 via checked.be.