FEBRI: what changed
FEBRI
Largest movements
- Tangible fixed assets +€176,068
up €176,068 (+595%), from €29,597 to €205,665
of which Land and buildings: +€169,818
- Receivables within one year -€14,582
down €14,582 (-17.3%), from €84,246 to €69,664
of which Other amounts receivable: -€11,558
- Stocks and contracts +€14,440
up €14,440 (+43.4%), from €33,250 to €47,690
of which Stocks: +€9,440
- Cash -€6,586
down €6,586 (-80.3%), from €8,197 to €1,612
mainly Investment in fixed assets (net) (-€191,226) and Stocks and contracts (-€14,440)
- Deferred charges and accrued income +€5,286
up €5,286 (+190%), from €2,781 to €8,067
- Debts after one year +€169,431
new in 2025: €169,431
- Tax, wage and social debts -€8,359
down €8,359 (-45.8%), from €18,260 to €9,901
of which Taxes: -€11,359
- Reserves +€8,177
up €8,177 (+9.2%), from €88,778 to €96,955
- Trade debts +€7,712
up €7,712 (+38.1%), from €20,238 to €27,949
- Advances received -€7,510
no longer reported in 2025 (was €7,510)
- Gross operating margin +€46,957
up €46,957 (+219%), from €21,443 to €68,400
- Other operating charges +€24,658
up €24,658 (+1,028%), from €2,398 to €27,056
- Financial charges +€10,527
up €10,527 (+1,032%), from €1,020 to €11,547
- Depreciation +€6,631
up €6,631 (+77.8%), from €8,527 to €15,158
- Financial income +€3,467
up €3,467 (+8,667,775%), from €0 to €3,467
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 | €158,097 | €332,723 | +€174,626 | +110% |
| Fixed assets | 21/28 | €29,622 | €205,690 | +€176,068 | +594% |
| Tangible fixed assets | 22/27 | €29,597 | €205,665 | +€176,068 | +595% |
| Land and buildings | 22 | - | €169,818 | +€169,818 | |
| Plant, machinery and equipment | 23 | €5,973 | €6,686 | +€713 | +11.9% |
| Furniture and vehicles | 24 | €6,124 | €16,495 | +€10,371 | +169% |
| Other tangible fixed assets | 26 | €17,500 | €12,667 | -€4,833 | -27.6% |
| Financial fixed assets | 28 | €25 | €25 | = | 0.0% |
| Current assets | 29/58 | €128,475 | €127,033 | -€1,442 | -1.1% |
| Stocks and contracts in progress | 3 | €33,250 | €47,690 | +€14,440 | +43.4% |
| Stocks | 30/36 | €15,250 | €24,690 | +€9,440 | +61.9% |
| Contracts in progress | 37 | €18,000 | €23,000 | +€5,000 | +27.8% |
| Amounts receivable within one year | 40/41 | €84,246 | €69,664 | -€14,582 | -17.3% |
| Trade receivables | 40 | €5,280 | €2,255 | -€3,024 | -57.3% |
| Other amounts receivable | 41 | €78,967 | €67,409 | -€11,558 | -14.6% |
| Cash at bank and in hand | 54/58 | €8,197 | €1,612 | -€6,586 | -80.3% |
| Deferred charges and accrued income | 490/1 | €2,781 | €8,067 | +€5,286 | +190% |
| Total equity and liabilities | 10/49 | €158,097 | €332,723 | +€174,626 | +110% |
| Equity | 10/15 | €107,378 | €115,555 | +€8,177 | +7.6% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €88,778 | €96,955 | +€8,177 | +9.2% |
| Distributable reserves | 133 | €88,778 | €96,955 | +€8,177 | +9.2% |
| Amounts payable | 17/49 | €50,718 | €217,168 | +€166,449 | +328% |
| Amounts payable after more than one year | 17 | - | €169,431 | +€169,431 | |
| Financial debts | 170/4 | - | €169,431 | +€169,431 | |
| Amounts payable within one year | 42/48 | €50,718 | €47,736 | -€2,982 | -5.9% |
| Current portion of amounts payable after more than one year | 42 | €4,711 | €9,518 | +€4,808 | +102% |
| Financial debts | 43 | - | €368 | +€368 | |
| Credit institutions | 430/8 | - | €368 | +€368 | |
| Trade debts | 44 | €20,238 | €27,949 | +€7,712 | +38.1% |
| Suppliers | 440/4 | €20,238 | €27,949 | +€7,712 | +38.1% |
| Advances received on contracts in progress | 46 | €7,510 | - | -€7,510 | |
| Taxes, remuneration and social security | 45 | €18,260 | €9,901 | -€8,359 | -45.8% |
| Taxes | 450/3 | €18,260 | €6,901 | -€11,359 | -62.2% |
| Remuneration and social security | 454/9 | - | €3,000 | +€3,000 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,527 | €15,158 | +€6,631 | +77.8% |
| Other operating charges | 640/8 | €2,398 | €27,056 | +€24,658 | +1,028% |
| Non-recurring operating charges | 66A | - | €5,818 | +€5,818 | |
| Gross operating margin | 9900 | €21,443 | €68,400 | +€46,957 | +219% |
| Operating profit (loss) | 9901 | €10,518 | €20,367 | +€9,850 | +93.7% |
| Financial income | 75/76B | €0 | €3,467 | +€3,467 | +8,667,775% |
| Recurring financial income | 75 | €0 | €3,467 | +€3,467 | +8,667,775% |
| Financial charges | 65/66B | €1,020 | €11,547 | +€10,527 | +1,032% |
| Recurring financial charges | 65 | €1,020 | €11,547 | +€10,527 | +1,032% |
| Profit (loss) for the period before taxes | 9903 | €9,498 | €12,288 | +€2,790 | +29.4% |
| Income taxes | 67/77 | €3,294 | €4,111 | +€817 | +24.8% |
| Profit (loss) for the period | 9904 | €6,204 | €8,177 | +€1,973 | +31.8% |
| Profit (loss) for the period to be appropriated | 9905 | €6,204 | €8,177 | +€1,973 | +31.8% |
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 3 November 2026 via checked.be.