Fibco: what changed
Two fiscal 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.
Fibco
Largest movements
- Tangible fixed assets -€359,163
down €359,163 (-96.5%), from €372,344 to €13,181
of which Land and buildings: -€343,316
- Receivables within one year +€85,288
up €85,288 (+86.8%), from €98,314 to €183,602
of which Other amounts receivable: +€60,856
- Cash -€12,347
down €12,347 (-87.2%), from €14,164 to €1,817
mainly Debts after one year (-€243,400) and Receivables within one year (-€85,288)
- Debts after one year -€243,400
down €243,400 (-100.0%), from €243,400 to €0
- Other debts +€84,383
new in 2025: €84,383
- Short-term financial debts -€81,000
down €81,000 (-100.0%), from €81,000 to €0
of which Other loans: -€55,000
- Trade debts -€47,759
down €47,759 (-66.4%), from €71,932 to €24,174
- Profit (loss) carried forward +€41,329
up €41,329 (+57.7%), from -€71,587 to -€30,258
- Gross operating margin -€69,495
down €69,495 (-38.3%), from €181,671 to €112,176
- Staff costs -€50,556
down €50,556 (-52.7%), from €95,941 to €45,385
- Financial charges -€19,018
down €19,018 (-66.6%), from €28,570 to €9,553
of which Financial charges: -€17,518
- Depreciation -€9,388
down €9,388 (-33.7%), from €27,839 to €18,450
- Other operating charges -€7,770
down €7,770 (-67.7%), from €11,469 to €3,699
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.
Cash bridge derived
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 | €498,237 | €210,244 | -€287,993 | -57.8% |
| Fixed assets | 21/28 | €383,384 | €24,261 | -€359,123 | -93.7% |
| Tangible fixed assets | 22/27 | €372,344 | €13,181 | -€359,163 | -96.5% |
| Land and buildings | 22 | €343,316 | €0 | -€343,316 | -100.0% |
| Plant, machinery and equipment | 23 | €4,364 | €1,354 | -€3,011 | -69.0% |
| Furniture and vehicles | 24 | €414 | €2,428 | +€2,015 | +487.2% |
| Leasing and similar rights | 25 | €24,249 | €9,399 | -€14,851 | -61.2% |
| Financial fixed assets | 28 | €11,040 | €11,080 | +€40 | +0.4% |
| Current assets | 29/58 | €114,853 | €185,984 | +€71,130 | +61.9% |
| Amounts receivable within one year | 40/41 | €98,314 | €183,602 | +€85,288 | +86.8% |
| Trade receivables | 40 | €8,831 | €33,263 | +€24,432 | +276.7% |
| Other amounts receivable | 41 | €89,483 | €150,339 | +€60,856 | +68.0% |
| Cash at bank and in hand | 54/58 | €14,164 | €1,817 | -€12,347 | -87.2% |
| Deferred charges and accrued income | 490/1 | €2,375 | €564 | -€1,811 | -76.2% |
| Total equity and liabilities | 10/49 | €498,237 | €210,244 | -€287,993 | -57.8% |
| Equity | 10/15 | €30,337 | €71,665 | +€41,329 | +136.2% |
| Reserves | 13 | €101,924 | €101,924 | = | 0.0% |
| Distributable reserves | 133 | €101,924 | €101,924 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€71,587 | -€30,258 | +€41,329 | +57.7% |
| Amounts payable | 17/49 | €467,900 | €138,579 | -€329,322 | -70.4% |
| Amounts payable after more than one year | 17 | €243,400 | €0 | -€243,400 | -100.0% |
| Financial debts | 170/4 | €243,400 | €0 | -€243,400 | -100.0% |
| Amounts payable within one year | 42/48 | €220,121 | €137,555 | -€82,566 | -37.5% |
| Current portion of amounts payable after more than one year | 42 | €35,742 | €12,279 | -€23,462 | -65.6% |
| Financial debts | 43 | €81,000 | €0 | -€81,000 | -100.0% |
| Credit institutions | 430/8 | €26,000 | €0 | -€26,000 | -100.0% |
| Other loans | 439 | €55,000 | €0 | -€55,000 | -100.0% |
| Trade debts | 44 | €71,932 | €24,174 | -€47,759 | -66.4% |
| Suppliers | 440/4 | €71,932 | €24,174 | -€47,759 | -66.4% |
| Taxes, remuneration and social security | 45 | €31,447 | €16,719 | -€14,728 | -46.8% |
| Taxes | 450/3 | €343 | €9,338 | +€8,995 | +2625.3% |
| Remuneration and social security | 454/9 | €31,105 | €7,381 | -€23,723 | -76.3% |
| Other amounts payable | 47/48 | - | €84,383 | +€84,383 | |
| Accrued charges and deferred income | 492/3 | €4,379 | €1,023 | -€3,356 | -76.6% |
| Non-recurring operating income | 76A | - | €43,084 | +€43,084 | |
| Remuneration, social security and pensions | 62 | €95,941 | €45,385 | -€50,556 | -52.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €27,839 | €18,450 | -€9,388 | -33.7% |
| Other operating charges | 640/8 | €11,469 | €3,699 | -€7,770 | -67.7% |
| Gross operating margin | 9900 | €181,671 | €112,176 | -€69,495 | -38.3% |
| Operating profit (loss) | 9901 | €46,423 | €44,642 | -€1,781 | -3.8% |
| Financial income | 75/76B | €3,268 | €6,426 | +€3,158 | +96.6% |
| Recurring financial income | 75 | €3,268 | €6,426 | +€3,158 | +96.6% |
| Financial charges | 65/66B | €28,570 | €9,553 | -€19,018 | -66.6% |
| Recurring financial charges | 65 | €27,070 | €9,553 | -€17,518 | -64.7% |
| Non-recurring financial charges | 66B | €1,500 | €0 | -€1,500 | -100.0% |
| Profit (loss) for the period before taxes | 9903 | €21,120 | €41,515 | +€20,394 | +96.6% |
| Income taxes | 67/77 | €0 | €186 | +€186 | |
| Profit (loss) for the period | 9904 | €21,120 | €41,329 | +€20,208 | +95.7% |
| Profit (loss) for the period to be appropriated | 9905 | €21,120 | €41,329 | +€20,208 | +95.7% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.