Fibeca: 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.
Fibeca
Largest movements
- Tangible fixed assets +€81,376
up €81,376 (+18.1%), from €450,379 to €531,755
of which Land and buildings: +€526,055
- Current assets -€73,437
down €73,437 (-7.5%), from €977,721 to €904,284
of which Cash: -€120,365
- Debts +€19,494
up €19,494 (+34.3%), from €56,828 to €76,322
of which Accrued charges and deferred income: +€66,297
- Gross operating margin -€53,468
down €53,468, from €45,838 to -€7,630
- Depreciation -€20,804
down €20,804 (-93.7%), from €22,201 to €1,397
- Taxes -€8,614
down €8,614 (-92.4%), from €9,319 to €705
- Other operating charges +€1,793
new in 2021: €1,793
From the 2020 result to the 2021 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
Cash or the result is not a separate line in both sets of accounts; the cash flow cannot be derived from them.
Every line side by side
| Line | Code | 2020 | 2021 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,428,100 | €1,436,039 | +€7,939 | +0.6% |
| Fixed assets | 21/28 | €450,379 | €531,755 | +€81,376 | +18.1% |
| Tangible fixed assets | 22/27 | €450,379 | €531,755 | +€81,376 | +18.1% |
| Land and buildings | 22 | - | €526,055 | +€526,055 | |
| Other tangible fixed assets | 26 | - | €5,700 | +€5,700 | |
| Current assets | 29/58 | €977,721 | €904,284 | -€73,437 | -7.5% |
| Amounts receivable within one year | 40/41 | €509,751 | €551,670 | +€41,919 | +8.2% |
| Trade receivables | 40 | - | €510,686 | +€510,686 | |
| Other amounts receivable | 41 | - | €40,984 | +€40,984 | |
| Cash at bank and in hand | 54/58 | €443,570 | €323,205 | -€120,365 | -27.1% |
| Deferred charges and accrued income | 490/1 | - | €29,409 | +€29,409 | |
| Total equity and liabilities | 10/49 | €1,428,100 | €1,436,039 | +€7,939 | +0.6% |
| Equity | 10/15 | €1,303,948 | €1,296,601 | -€7,347 | -0.6% |
| Contributions | 10/11 | - | €67,000 | +€67,000 | |
| Reserves | 13 | €1,321,555 | €1,314,208 | -€7,347 | -0.6% |
| Non-distributable reserves | 130/1 | - | €6,700 | +€6,700 | |
| Reserves not available under the articles | 1311 | - | €6,700 | +€6,700 | |
| Tax-exempt reserves | 132 | - | €122,574 | +€122,574 | |
| Distributable reserves | 133 | - | €1,184,934 | +€1.2m | |
| Profit (loss) carried forward | 14 | -€84,607 | -€84,607 | = | 0.0% |
| Provisions and deferred taxes | 16 | €67,324 | €63,116 | -€4,208 | -6.3% |
| Deferred taxes | 168 | - | €63,116 | +€63,116 | |
| Amounts payable | 17/49 | €56,828 | €76,322 | +€19,494 | +34.3% |
| Amounts payable within one year | 42/48 | €28,167 | €10,025 | -€18,142 | -64.4% |
| Taxes, remuneration and social security | 45 | - | €10,025 | +€10,025 | |
| Taxes | 450/3 | - | €10,025 | +€10,025 | |
| Accrued charges and deferred income | 492/3 | - | €66,297 | +€66,297 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €22,201 | €1,397 | -€20,804 | -93.7% |
| Other operating charges | 640/8 | - | €1,793 | +€1,793 | |
| Gross operating margin | 9900 | €45,838 | -€7,630 | -€53,468 | |
| Operating profit (loss) | 9901 | €21,732 | -€10,820 | -€32,552 | |
| Financial income | 75/76B | - | €285 | +€285 | |
| Recurring financial income | 75 | €431 | €285 | -€146 | -33.9% |
| Financial charges | 65/66B | - | €314 | +€314 | |
| Recurring financial charges | 65 | €418 | €314 | -€104 | -24.9% |
| Profit (loss) for the period before taxes | 9903 | €21,745 | -€10,849 | -€32,594 | |
| Transfer from deferred taxes | 780 | - | €4,208 | +€4,208 | |
| Income taxes | 67/77 | €9,319 | €705 | -€8,614 | -92.4% |
| Profit (loss) for the period | 9904 | €16,634 | -€7,346 | -€23,980 | |
| Transfer from tax-exempt reserves | 789 | - | €8,171 | +€8,171 | |
| Profit (loss) for the period to be appropriated | 9905 | €24,805 | €825 | -€23,980 | -96.7% |
Source: filed annual accounts (NBB), financial years ended 31 December 2020 and 31 December 2021. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 10 October 2026 via checked.be.