FIBECO: 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.
FIBECO
Largest movements
- Intangible fixed assets +€158,981
new in 2025: €158,981
- Tangible fixed assets +€127,000
new in 2025: €127,000
- Financial fixed assets -€38,800
down €38,800 (-81.2%), from €47,800 to €9,000
- Cash -€7,000
down €7,000 (-99.5%), from €7,036 to €36
mainly Investment in fixed assets (net) (-€258,200) and Receivables within one year (-€435)
- Debts after one year +€200,000
new in 2025: €200,000
- Profit (loss) carried forward +€29,251
up €29,251 (+45.1%), from -€64,791 to -€35,540
- Other debts +€5,979
new in 2025: €5,979
- Tax, wage and social debts +€5,386
new in 2025: €5,386
- Staff costs +€19,306
new in 2025: €19,306
- Gross operating margin +€11,778
up €11,778 (+24.6%), from €47,800 to €59,578
- Depreciation +€11,019
new in 2025: €11,019
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 | €56,023 | €296,640 | +€240,616 | +429.5% |
| Fixed assets | 21/28 | €47,800 | €294,981 | +€247,181 | +517.1% |
| Intangible fixed assets | 21 | - | €158,981 | +€158,981 | |
| Tangible fixed assets | 22/27 | - | €127,000 | +€127,000 | |
| Assets under construction and advance payments | 27 | - | €127,000 | +€127,000 | |
| Financial fixed assets | 28 | €47,800 | €9,000 | -€38,800 | -81.2% |
| Current assets | 29/58 | €8,223 | €1,658 | -€6,565 | -79.8% |
| Amounts receivable within one year | 40/41 | €1,187 | €1,622 | +€435 | +36.6% |
| Other amounts receivable | 41 | €1,187 | €1,622 | +€435 | +36.6% |
| Cash at bank and in hand | 54/58 | €7,036 | €36 | -€7,000 | -99.5% |
| Total equity and liabilities | 10/49 | €56,023 | €296,640 | +€240,616 | +429.5% |
| Equity | 10/15 | €56,023 | €85,275 | +€29,251 | +52.2% |
| Contributions | 10/11 | €109,832 | €109,832 | = | 0.0% |
| Capital | 10 | €109,832 | €109,832 | = | 0.0% |
| Issued capital | 100 | €109,832 | €109,832 | = | 0.0% |
| Reserves | 13 | €10,983 | €10,983 | = | 0.0% |
| Non-distributable reserves | 130/1 | €10,983 | €10,983 | = | 0.0% |
| Legal reserve | 130 | €10,983 | €10,983 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€64,791 | -€35,540 | +€29,251 | +45.1% |
| Amounts payable | 17/49 | - | €211,365 | +€211,365 | |
| Amounts payable after more than one year | 17 | - | €200,000 | +€200,000 | |
| Other amounts payable | 178/9 | - | €200,000 | +€200,000 | |
| Amounts payable within one year | 42/48 | - | €11,365 | +€11,365 | |
| Taxes, remuneration and social security | 45 | - | €5,386 | +€5,386 | |
| Taxes | 450/3 | - | €5,386 | +€5,386 | |
| Other amounts payable | 47/48 | - | €5,979 | +€5,979 | |
| Remuneration, social security and pensions | 62 | - | €19,306 | +€19,306 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €11,019 | +€11,019 | |
| Other operating charges | 640/8 | - | €2 | +€2 | |
| Gross operating margin | 9900 | €47,800 | €59,578 | +€11,778 | +24.6% |
| Operating profit (loss) | 9901 | €47,800 | €29,251 | -€18,549 | -38.8% |
| Profit (loss) for the period before taxes | 9903 | €47,800 | €29,251 | -€18,549 | -38.8% |
| Profit (loss) for the period | 9904 | €47,800 | €29,251 | -€18,549 | -38.8% |
| Profit (loss) for the period to be appropriated | 9905 | €47,800 | €29,251 | -€18,549 | -38.8% |
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 12 October 2026 via checked.be.