FIBANOR: 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.
FIBANOR
Largest movements
- Financial fixed assets +€21.6m
up €21.6m (+112%), from €19.3m to €40.9m
- Debts after one year +€21.6m
new in 2025: €21.6m
- Financial income +€91,198
up €91,198 (+40.9%), from €222,980 to €314,178
- Gross operating margin -€17,320
down €17,320 (-10,595%), from -€163 to -€17,483
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 | €22,137,365 | €43,966,872 | +€21.8m | +98.6% |
| Fixed assets | 21/28 | €19,269,992 | €40,900,712 | +€21.6m | +112% |
| Financial fixed assets | 28 | €19,269,992 | €40,900,712 | +€21.6m | +112% |
| Current assets | 29/58 | €2,867,373 | €3,066,160 | +€198,787 | +6.9% |
| Amounts receivable within one year | 40/41 | €636,665 | €650,243 | +€13,577 | +2.1% |
| Other amounts receivable | 41 | €636,665 | €650,243 | +€13,577 | +2.1% |
| Current investments | 50/53 | €1,104,315 | €1,119,123 | +€14,808 | +1.3% |
| Cash at bank and in hand | 54/58 | €1,120,342 | €1,287,829 | +€167,487 | +14.9% |
| Deferred charges and accrued income | 490/1 | €6,051 | €8,966 | +€2,915 | +48.2% |
| Total equity and liabilities | 10/49 | €22,137,365 | €43,966,872 | +€21.8m | +98.6% |
| Equity | 10/15 | €1,136,313 | €1,429,734 | +€293,420 | +25.8% |
| Contributions | 10/11 | €100,000 | €100,000 | = | 0.0% |
| Capital | 10 | €100,000 | €100,000 | = | 0.0% |
| Issued capital | 100 | €100,000 | €100,000 | = | 0.0% |
| Reserves | 13 | €10,000 | €10,000 | = | 0.0% |
| Non-distributable reserves | 130/1 | €10,000 | €10,000 | = | 0.0% |
| Legal reserve | 130 | €10,000 | €10,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €1,026,313 | €1,319,734 | +€293,420 | +28.6% |
| Amounts payable | 17/49 | €21,001,052 | €42,537,138 | +€21.5m | +103% |
| Amounts payable after more than one year | 17 | - | €21,600,000 | +€21.6m | |
| Financial debts | 170/4 | - | €21,600,000 | +€21.6m | |
| Amounts payable within one year | 42/48 | €21,001,052 | €20,937,138 | -€63,913 | -0.3% |
| Trade debts | 44 | €357 | €523 | +€167 | +46.7% |
| Suppliers | 440/4 | €357 | €523 | +€167 | +46.7% |
| Other amounts payable | 47/48 | €21,000,695 | €20,936,615 | -€64,080 | -0.3% |
| Other operating charges | 640/8 | €2,758 | €2,915 | +€156 | +5.7% |
| Gross operating margin | 9900 | -€163 | -€17,483 | -€17,320 | -10,595% |
| Operating profit (loss) | 9901 | -€2,922 | -€20,398 | -€17,476 | -598% |
| Financial income | 75/76B | €222,980 | €314,178 | +€91,198 | +40.9% |
| Recurring financial income | 75 | €222,980 | €314,178 | +€91,198 | +40.9% |
| Financial charges | 65/66B | €387 | €359 | -€28 | -7.2% |
| Recurring financial charges | 65 | €387 | €359 | -€28 | -7.2% |
| Profit (loss) for the period before taxes | 9903 | €219,670 | €293,420 | +€73,750 | +33.6% |
| Profit (loss) for the period | 9904 | €219,670 | €293,420 | +€73,750 | +33.6% |
| Profit (loss) for the period to be appropriated | 9905 | €219,670 | €293,420 | +€73,750 | +33.6% |
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.