FENBO: what changed
What changed
FENBO
NACE 70.200, Business and other management consultancy
filed annual accounts (NBB)
Net result for the year
€367,826
2024 · €405,989-€38,163
Equity
€2.1m
2024 · €2.2m-€10,249
Cash
€141,091
2024 · €103,635+€37,457
Balance sheet total
€6.3m
2024 · €3.9m+€2.4m
Largest movements
Assets
- Receivables after one year +€2.4m
new in 2025: €2.4m
- Current investments +€367,084
up €367,084 (+102%), from €358,976 to €726,059
- Receivables within one year -€226,061
down €226,061 (-58.6%), from €385,721 to €159,660
of which Other amounts receivable: -€210,185
- Tangible fixed assets -€175,223
down €175,223 (-5.8%), from €3.0m to €2.8m
of which Plant, machinery and equipment: -€116,807
Equity and liabilities
- Debts after one year +€2.3m
up €2.3m (+456%), from €505,029 to €2.8m
- Current portion of long-term debt +€257,063
up €257,063 (+91.9%), from €279,709 to €536,772
Income statement
- Depreciation +€32,627
up €32,627 (+22.9%), from €142,596 to €175,223
- Financial income +€18,289
up €18,289 (+244%), from €7,495 to €25,784
- Gross operating margin -€16,657
down €16,657 (-2.1%), from €796,320 to €779,663
- Financial charges +€16,603
up €16,603 (+52.0%), from €31,911 to €48,514
- Taxes -€16,030
down €16,030 (-10.7%), from €149,899 to €133,868
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.
Result 2024
€405,989
Gross operating margin
-€16,657
Staff costs
+€9,897
Depreciation
-€32,627
Provisions
-€3,647
Other operating charges
-€12,846
Financial income
+€18,289
Financial charges
-€16,603
Taxes
+€16,030
Result 2025
€367,826
raises the resultlowers the result
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.
From operations
-€1.7m
Investment
-€367,084
Financing
+€2.1m
Cash 2024
€103,635
From operations (derived)
-€1.7m
Net result for the year
+€367,826
Depreciation
+€175,223
Receivables after one year
-€2.4m
Receivables within one year
+€226,061
Deferred charges and accrued income
+€12,010
Provisions
-€11,539
Trade debts
-€7,584
Tax, wage and social debts
+€3,693
Other debts
-€43,306
Accrued charges and deferred income
-€7,000
Investment (derived)
-€367,084
Current investments
-€367,084
Financing
+€2.1m
Debts after one year
+€2.3m
Current portion of long-term debt
+€257,063
Short-term financial debts
-€62,467
Contributions, distributions and other
-€378,075
Cash 2025
€141,091
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €3,879,850 | €6,299,776 | +€2.4m | +62.4% |
| Fixed assets | 21/28 | €3,001,966 | €2,826,744 | -€175,223 | -5.8% |
| Tangible fixed assets | 22/27 | €3,001,966 | €2,826,744 | -€175,223 | -5.8% |
| Land and buildings | 22 | €1,360,926 | €1,315,432 | -€45,494 | -3.3% |
| Plant, machinery and equipment | 23 | €860,943 | €744,136 | -€116,807 | -13.6% |
| Leasing and similar rights | 25 | €780,097 | €767,176 | -€12,921 | -1.7% |
| Financial fixed assets | 28 | €0 | - | = | |
| Current assets | 29/58 | €877,883 | €3,473,032 | +€2.6m | +296% |
| Amounts receivable after more than one year | 29 | - | €2,428,678 | +€2.4m | |
| Other amounts receivable | 291 | - | €2,428,678 | +€2.4m | |
| Amounts receivable within one year | 40/41 | €385,721 | €159,660 | -€226,061 | -58.6% |
| Trade receivables | 40 | €134,836 | €118,960 | -€15,875 | -11.8% |
| Other amounts receivable | 41 | €250,885 | €40,700 | -€210,185 | -83.8% |
| Current investments | 50/53 | €358,976 | €726,059 | +€367,084 | +102% |
| Cash at bank and in hand | 54/58 | €103,635 | €141,091 | +€37,457 | +36.1% |
| Deferred charges and accrued income | 490/1 | €29,552 | €17,542 | -€12,010 | -40.6% |
| Total equity and liabilities | 10/49 | €3,879,850 | €6,299,776 | +€2.4m | +62.4% |
| Equity | 10/15 | €2,155,755 | €2,145,506 | -€10,249 | -0.5% |
| Contributions | 10/11 | €308,990 | €308,990 | = | 0.0% |
| Capital | 10 | €308,990 | €308,990 | = | 0.0% |
| Issued capital | 100 | €308,990 | €308,990 | = | 0.0% |
| Reserves | 13 | €1,846,765 | €1,836,516 | -€10,249 | -0.6% |
| Non-distributable reserves | 130/1 | €440,809 | €807,893 | +€367,084 | +83.3% |
| Legal reserve | 130 | €30,899 | €30,899 | = | 0.0% |
| Own shares acquired | 1312 | €358,976 | €726,059 | +€367,084 | +102% |
| Other | 1319 | €50,935 | €50,935 | = | 0.0% |
| Tax-exempt reserves | 132 | €328,235 | €306,507 | -€21,728 | -6.6% |
| Distributable reserves | 133 | €1,077,721 | €722,116 | -€355,605 | -33.0% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Provisions and deferred taxes | 16 | €155,743 | €144,204 | -€11,539 | -7.4% |
| Provisions for liabilities and charges | 160/5 | €58,481 | €54,185 | -€4,296 | -7.3% |
| Major repairs and maintenance | 162 | €58,481 | €54,185 | -€4,296 | -7.3% |
| Deferred taxes | 168 | €97,262 | €90,019 | -€7,243 | -7.4% |
| Amounts payable | 17/49 | €1,568,352 | €4,010,065 | +€2.4m | +156% |
| Amounts payable after more than one year | 17 | €505,029 | €2,806,344 | +€2.3m | +456% |
| Financial debts | 170/4 | €505,029 | €2,806,344 | +€2.3m | +456% |
| Amounts payable within one year | 42/48 | €1,024,323 | €1,171,720 | +€147,398 | +14.4% |
| Current portion of amounts payable after more than one year | 42 | €279,709 | €536,772 | +€257,063 | +91.9% |
| Financial debts | 43 | €150,524 | €88,056 | -€62,467 | -41.5% |
| Credit institutions | 430/8 | €150,524 | €88,056 | -€62,467 | -41.5% |
| Trade debts | 44 | €38,693 | €31,109 | -€7,584 | -19.6% |
| Suppliers | 440/4 | €38,693 | €31,109 | -€7,584 | -19.6% |
| Taxes, remuneration and social security | 45 | €15,721 | €19,415 | +€3,693 | +23.5% |
| Taxes | 450/3 | €15,721 | €19,415 | +€3,693 | +23.5% |
| Other amounts payable | 47/48 | €539,676 | €496,369 | -€43,306 | -8.0% |
| Accrued charges and deferred income | 492/3 | €39,000 | €32,000 | -€7,000 | -17.9% |
| Remuneration, social security and pensions | 62 | €9,897 | €0 | -€9,897 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €142,596 | €175,223 | +€32,627 | +22.9% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | -€7,943 | -€4,296 | +€3,647 | +45.9% |
| Other operating charges | 640/8 | €78,709 | €91,554 | +€12,846 | +16.3% |
| Gross operating margin | 9900 | €796,320 | €779,663 | -€16,657 | -2.1% |
| Operating profit (loss) | 9901 | €573,062 | €517,182 | -€55,880 | -9.8% |
| Financial income | 75/76B | €7,495 | €25,784 | +€18,289 | +244% |
| Recurring financial income | 75 | €7,495 | €25,784 | +€18,289 | +244% |
| Financial charges | 65/66B | €31,911 | €48,514 | +€16,603 | +52.0% |
| Recurring financial charges | 65 | €31,911 | €48,514 | +€16,603 | +52.0% |
| Profit (loss) for the period before taxes | 9903 | €548,646 | €494,452 | -€54,193 | -9.9% |
| Transfer from deferred taxes | 780 | €7,243 | €7,243 | = | 0.0% |
| Income taxes | 67/77 | €149,899 | €133,868 | -€16,030 | -10.7% |
| Profit (loss) for the period | 9904 | €405,989 | €367,826 | -€38,163 | -9.4% |
| Transfer from tax-exempt reserves | 789 | €21,728 | €21,728 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €427,717 | €389,554 | -€38,163 | -8.9% |
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 3 November 2026 via checked.be.