Fembi: 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.
Fembi
Largest movements
- Tangible fixed assets +€688,527
up €688,527 (+3,336%), from €20,637 to €709,164
of which Land and buildings: +€620,639
- Cash -€202,740
down €202,740 (-98.4%), from €205,938 to €3,198
mainly Investment in fixed assets (net) (-€707,099) and Current investments (-€111,510)
- Current investments +€111,510
new in 2025: €111,510
- Receivables within one year +€12,987
up €12,987 (+35.6%), from €36,512 to €49,499
of which Trade receivables: +€11,955
- Debts after one year +€423,341
new in 2025: €423,341
- Reserves +€100,124
up €100,124 (+50.1%), from €199,703 to €299,827
- Tax, wage and social debts +€62,955
up €62,955 (+120%), from €52,430 to €115,385
- Current portion of long-term debt +€19,257
new in 2025: €19,257
- Other operating charges +€78,087
up €78,087 (+10,663%), from €732 to €78,819
- Gross operating margin +€49,064
up €49,064 (+24.7%), from €198,395 to €247,459
- Depreciation +€17,380
up €17,380 (+1,458%), from €1,192 to €18,571
- Financial charges +€7,018
up €7,018 (+825,664%), from €1 to €7,019
- Taxes -€2,921
down €2,921 (-6.4%), from €45,326 to €42,405
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 | €263,133 | €874,307 | +€611,175 | +232% |
| Fixed assets | 21/28 | €20,675 | €709,202 | +€688,527 | +3,330% |
| Tangible fixed assets | 22/27 | €20,637 | €709,164 | +€688,527 | +3,336% |
| Land and buildings | 22 | - | €620,639 | +€620,639 | |
| Plant, machinery and equipment | 23 | - | €3,056 | +€3,056 | |
| Furniture and vehicles | 24 | €1,337 | €85,469 | +€84,132 | +6,294% |
| Assets under construction and advance payments | 27 | €19,300 | - | -€19,300 | |
| Financial fixed assets | 28 | €38 | €38 | = | 0.0% |
| Current assets | 29/58 | €242,458 | €165,105 | -€77,353 | -31.9% |
| Amounts receivable within one year | 40/41 | €36,512 | €49,499 | +€12,987 | +35.6% |
| Trade receivables | 40 | €36,484 | €48,439 | +€11,955 | +32.8% |
| Other amounts receivable | 41 | €28 | €1,060 | +€1,033 | +3,718% |
| Current investments | 50/53 | - | €111,510 | +€111,510 | |
| Cash at bank and in hand | 54/58 | €205,938 | €3,198 | -€202,740 | -98.4% |
| Deferred charges and accrued income | 490/1 | €8 | €899 | +€890 | +10,651% |
| Total equity and liabilities | 10/49 | €263,133 | €874,307 | +€611,175 | +232% |
| Equity | 10/15 | €202,203 | €302,327 | +€100,124 | +49.5% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Reserves | 13 | €199,703 | €299,827 | +€100,124 | +50.1% |
| Distributable reserves | 133 | €199,703 | €299,827 | +€100,124 | +50.1% |
| Amounts payable | 17/49 | €60,930 | €571,980 | +€511,051 | +839% |
| Amounts payable after more than one year | 17 | - | €423,341 | +€423,341 | |
| Financial debts | 170/4 | - | €423,341 | +€423,341 | |
| Amounts payable within one year | 42/48 | €60,930 | €147,298 | +€86,368 | +142% |
| Current portion of amounts payable after more than one year | 42 | - | €19,257 | +€19,257 | |
| Trade debts | 44 | €8,500 | €10,991 | +€2,491 | +29.3% |
| Suppliers | 440/4 | €8,500 | €10,991 | +€2,491 | +29.3% |
| Taxes, remuneration and social security | 45 | €52,430 | €115,385 | +€62,955 | +120% |
| Taxes | 450/3 | €52,430 | €115,385 | +€62,955 | +120% |
| Other amounts payable | 47/48 | - | €1,666 | +€1,666 | |
| Accrued charges and deferred income | 492/3 | - | €1,342 | +€1,342 | |
| Remuneration, social security and pensions | 62 | - | €466 | +€466 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,192 | €18,571 | +€17,380 | +1,458% |
| Other operating charges | 640/8 | €732 | €78,819 | +€78,087 | +10,663% |
| Gross operating margin | 9900 | €198,395 | €247,459 | +€49,064 | +24.7% |
| Operating profit (loss) | 9901 | €196,471 | €149,603 | -€46,868 | -23.9% |
| Financial income | 75/76B | €984 | €1,611 | +€627 | +63.7% |
| Recurring financial income | 75 | €984 | €1,611 | +€627 | +63.7% |
| Financial charges | 65/66B | €1 | €7,019 | +€7,018 | +825,664% |
| Recurring financial charges | 65 | €1 | €7,019 | +€7,018 | +825,664% |
| Profit (loss) for the period before taxes | 9903 | €197,454 | €144,195 | -€53,259 | -27.0% |
| Income taxes | 67/77 | €45,326 | €42,405 | -€2,921 | -6.4% |
| Profit (loss) for the period | 9904 | €152,128 | €101,790 | -€50,339 | -33.1% |
| Profit (loss) for the period to be appropriated | 9905 | €152,128 | €101,790 | -€50,339 | -33.1% |
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 14 October 2026 via checked.be.