FiBaMiSh: 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.
FiBaMiSh
Largest movements
- Tangible fixed assets -€32,219
down €32,219 (-32.3%), from €99,690 to €67,471
of which Furniture and vehicles: -€17,233
- Receivables within one year +€17,441
up €17,441 (+19.2%), from €90,676 to €108,118
of which Other amounts receivable: +€16,292
- Cash -€2,711
down €2,711 (-7.6%), from €35,773 to €33,062
mainly Net result for the year (-€51,448) and Receivables within one year (-€17,441)
- Reserves -€51,448
down €51,448 (-43.8%), from €117,532 to €66,084
- Trade debts +€38,909
up €38,909 (+99.9%), from €38,942 to €77,850
- Current portion of long-term debt +€20,795
up €20,795 (+112%), from €18,500 to €39,295
- Debts after one year -€13,683
down €13,683 (-36.2%), from €37,780 to €24,097
- Accrued charges and deferred income -€8,508
down €8,508 (-100%), from €8,508 to €0
- Gross operating margin -€37,730
down €37,730 (-19.7%), from €191,305 to €153,575
- Staff costs +€24,629
up €24,629 (+17.3%), from €142,004 to €166,633
- Financial income +€5,521
up €5,521 (+575%), from €960 to €6,481
- Financial charges +€5,410
up €5,410 (+158%), from €3,434 to €8,844
- Taxes -€2,556
down €2,556 (-54.0%), from €4,736 to €2,179
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 | €226,554 | €209,765 | -€16,789 | -7.4% |
| Fixed assets | 21/28 | €99,890 | €67,671 | -€32,219 | -32.3% |
| Tangible fixed assets | 22/27 | €99,690 | €67,471 | -€32,219 | -32.3% |
| Plant, machinery and equipment | 23 | €18,526 | €3,540 | -€14,986 | -80.9% |
| Furniture and vehicles | 24 | €81,165 | €63,932 | -€17,233 | -21.2% |
| Financial fixed assets | 28 | €200 | €200 | = | 0.0% |
| Current assets | 29/58 | €126,664 | €142,094 | +€15,430 | +12.2% |
| Amounts receivable within one year | 40/41 | €90,676 | €108,118 | +€17,441 | +19.2% |
| Trade receivables | 40 | €414 | €1,563 | +€1,149 | +278% |
| Other amounts receivable | 41 | €90,263 | €106,554 | +€16,292 | +18.0% |
| Cash at bank and in hand | 54/58 | €35,773 | €33,062 | -€2,711 | -7.6% |
| Deferred charges and accrued income | 490/1 | €214 | €914 | +€700 | +326% |
| Total equity and liabilities | 10/49 | €226,554 | €209,765 | -€16,789 | -7.4% |
| Equity | 10/15 | €117,532 | €66,084 | -€51,448 | -43.8% |
| Reserves | 13 | €117,532 | €66,084 | -€51,448 | -43.8% |
| Distributable reserves | 133 | €117,532 | €66,084 | -€51,448 | -43.8% |
| Amounts payable | 17/49 | €109,022 | €143,681 | +€34,659 | +31.8% |
| Amounts payable after more than one year | 17 | €37,780 | €24,097 | -€13,683 | -36.2% |
| Financial debts | 170/4 | €37,780 | €24,097 | -€13,683 | -36.2% |
| Amounts payable within one year | 42/48 | €62,733 | €119,584 | +€56,851 | +90.6% |
| Current portion of amounts payable after more than one year | 42 | €18,500 | €39,295 | +€20,795 | +112% |
| Trade debts | 44 | €38,942 | €77,850 | +€38,909 | +99.9% |
| Suppliers | 440/4 | €38,942 | €77,850 | +€38,909 | +99.9% |
| Taxes, remuneration and social security | 45 | €5,292 | €2,439 | -€2,853 | -53.9% |
| Taxes | 450/3 | €2,439 | €2,439 | = | 0.0% |
| Remuneration and social security | 454/9 | €2,853 | €0 | -€2,853 | -100% |
| Accrued charges and deferred income | 492/3 | €8,508 | €0 | -€8,508 | -100% |
| Remuneration, social security and pensions | 62 | €142,004 | €166,633 | +€24,629 | +17.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €33,465 | €32,840 | -€625 | -1.9% |
| Other operating charges | 640/8 | €3,040 | €1,008 | -€2,032 | -66.8% |
| Gross operating margin | 9900 | €191,305 | €153,575 | -€37,730 | -19.7% |
| Operating profit (loss) | 9901 | €12,796 | -€46,906 | -€59,702 | |
| Financial income | 75/76B | €960 | €6,481 | +€5,521 | +575% |
| Recurring financial income | 75 | €960 | €6,481 | +€5,521 | +575% |
| Financial charges | 65/66B | €3,434 | €8,844 | +€5,410 | +158% |
| Recurring financial charges | 65 | €3,434 | €8,844 | +€5,410 | +158% |
| Profit (loss) for the period before taxes | 9903 | €10,322 | -€49,269 | -€59,591 | |
| Income taxes | 67/77 | €4,736 | €2,179 | -€2,556 | -54.0% |
| Profit (loss) for the period | 9904 | €5,587 | -€51,448 | -€57,035 | |
| Profit (loss) for the period to be appropriated | 9905 | €5,587 | -€51,448 | -€57,035 |
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 16 October 2026 via checked.be.