FiBaCo: 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.
FiBaCo
Largest movements
- Financial fixed assets +€270,292
up €270,292 (+18,263%), from €1,480 to €271,772
- Receivables within one year -€38,808
down €38,808 (-58.3%), from €66,598 to €27,791
of which Trade receivables: -€40,734
- Cash -€5,182
down €5,182 (-27.3%), from €18,974 to €13,792
mainly Investment in fixed assets (net) (-€271,419) and Other debts (-€71,437)
- Debts after one year +€270,292
new in 2025: €270,292
- Other debts -€71,437
down €71,437 (-92.9%), from €76,917 to €5,480
- Profit (loss) carried forward +€27,021
new in 2025: €27,021
- Gross operating margin -€58,716
down €58,716 (-59.6%), from €98,584 to €39,867
- Taxes -€11,127
down €11,127 (-52.1%), from €21,347 to €10,221
- Financial charges +€1,537
up €1,537 (+233%), from €661 to €2,198
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 | €89,045 | €316,999 | +€227,954 | +256% |
| Fixed assets | 21/28 | €2,607 | €273,599 | +€270,992 | +10,394% |
| Tangible fixed assets | 22/27 | €1,127 | €1,827 | +€700 | +62.1% |
| Furniture and vehicles | 24 | - | €1,827 | +€1,827 | |
| Assets under construction and advance payments | 27 | €1,127 | - | -€1,127 | |
| Financial fixed assets | 28 | €1,480 | €271,772 | +€270,292 | +18,263% |
| Current assets | 29/58 | €86,437 | €43,400 | -€43,038 | -49.8% |
| Amounts receivable within one year | 40/41 | €66,598 | €27,791 | -€38,808 | -58.3% |
| Trade receivables | 40 | €57,746 | €17,011 | -€40,734 | -70.5% |
| Other amounts receivable | 41 | €8,853 | €10,780 | +€1,927 | +21.8% |
| Cash at bank and in hand | 54/58 | €18,974 | €13,792 | -€5,182 | -27.3% |
| Deferred charges and accrued income | 490/1 | €865 | €1,817 | +€952 | +110% |
| Total equity and liabilities | 10/49 | €89,045 | €316,999 | +€227,954 | +256% |
| Equity | 10/15 | €1,000 | €28,021 | +€27,021 | +2,702% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | - | €27,021 | +€27,021 | |
| Amounts payable | 17/49 | €88,045 | €288,977 | +€200,933 | +228% |
| Amounts payable after more than one year | 17 | - | €270,292 | +€270,292 | |
| Other amounts payable | 178/9 | - | €270,292 | +€270,292 | |
| Amounts payable within one year | 42/48 | €88,045 | €18,685 | -€69,359 | -78.8% |
| Trade debts | 44 | €540 | €2,591 | +€2,051 | +380% |
| Suppliers | 440/4 | €540 | €2,591 | +€2,051 | +380% |
| Taxes, remuneration and social security | 45 | €10,587 | €10,614 | +€26 | +0.3% |
| Taxes | 450/3 | €10,587 | €10,614 | +€26 | +0.3% |
| Other amounts payable | 47/48 | €76,917 | €5,480 | -€71,437 | -92.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €427 | +€427 | |
| Gross operating margin | 9900 | €98,584 | €39,867 | -€58,716 | -59.6% |
| Operating profit (loss) | 9901 | €98,584 | €39,440 | -€59,144 | -60.0% |
| Financial income | 75/76B | €341 | - | -€341 | |
| Recurring financial income | 75 | €341 | - | -€341 | |
| Financial charges | 65/66B | €661 | €2,198 | +€1,537 | +233% |
| Recurring financial charges | 65 | €661 | €2,198 | +€1,537 | +233% |
| Profit (loss) for the period before taxes | 9903 | €98,264 | €37,242 | -€61,022 | -62.1% |
| Income taxes | 67/77 | €21,347 | €10,221 | -€11,127 | -52.1% |
| Profit (loss) for the period | 9904 | €76,917 | €27,021 | -€49,896 | -64.9% |
| Profit (loss) for the period to be appropriated | 9905 | €76,917 | €27,021 | -€49,896 | -64.9% |
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 17 October 2026 via checked.be.