FIBEK: 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.
FIBEK
Largest movements
- Tangible fixed assets -€37,507
down €37,507 (-4.7%), from €798,245 to €760,738
of which Land and buildings: -€20,650
- Cash -€19,519
down €19,519 (-28.7%), from €67,993 to €48,475
mainly Contributions, distributions and other (-€60,503) and Other debts (-€17,466)
- Reserves -€40,738
down €40,738 (-9.1%), from €448,904 to €408,166
of which Distributable reserves: -€40,738
- Other debts -€17,466
down €17,466 (-5.1%), from €341,600 to €324,134
- Gross operating margin +€12,495
up €12,495 (+12.8%), from €97,480 to €109,975
- Depreciation +€6,279
up €6,279 (+13.9%), from €45,099 to €51,378
- Financial charges +€2,428
up €2,428 (+14.1%), from €17,239 to €19,667
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 | €879,432 | €819,459 | -€59,973 | -6.8% |
| Fixed assets | 21/28 | €801,756 | €764,249 | -€37,507 | -4.7% |
| Tangible fixed assets | 22/27 | €798,245 | €760,738 | -€37,507 | -4.7% |
| Land and buildings | 22 | €579,442 | €558,792 | -€20,650 | -3.6% |
| Plant, machinery and equipment | 23 | €218,803 | €201,946 | -€16,857 | -7.7% |
| Financial fixed assets | 28 | €3,511 | €3,511 | = | 0.0% |
| Current assets | 29/58 | €77,676 | €55,210 | -€22,466 | -28.9% |
| Amounts receivable within one year | 40/41 | €9,683 | €6,735 | -€2,947 | -30.4% |
| Other amounts receivable | 41 | €9,683 | €6,735 | -€2,947 | -30.4% |
| Cash at bank and in hand | 54/58 | €67,993 | €48,475 | -€19,519 | -28.7% |
| Total equity and liabilities | 10/49 | €879,432 | €819,459 | -€59,973 | -6.8% |
| Equity | 10/15 | €504,783 | €464,044 | -€40,738 | -8.1% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €448,904 | €408,166 | -€40,738 | -9.1% |
| Non-distributable reserves | 130/1 | €16,557 | €16,557 | = | 0.0% |
| Legal reserve | 130 | €16,557 | €16,557 | = | 0.0% |
| Distributable reserves | 133 | €432,347 | €391,609 | -€40,738 | -9.4% |
| Profit (loss) carried forward | 14 | -€6,121 | -€6,121 | = | 0.0% |
| Amounts payable | 17/49 | €374,649 | €355,414 | -€19,235 | -5.1% |
| Amounts payable within one year | 42/48 | €354,832 | €336,858 | -€17,975 | -5.1% |
| Trade debts | 44 | €1,310 | - | -€1,310 | |
| Suppliers | 440/4 | €1,310 | - | -€1,310 | |
| Taxes, remuneration and social security | 45 | €11,922 | €12,723 | +€802 | +6.7% |
| Taxes | 450/3 | €11,922 | €12,723 | +€802 | +6.7% |
| Other amounts payable | 47/48 | €341,600 | €324,134 | -€17,466 | -5.1% |
| Accrued charges and deferred income | 492/3 | €19,816 | €18,556 | -€1,260 | -6.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €45,099 | €51,378 | +€6,279 | +13.9% |
| Other operating charges | 640/8 | €9,272 | €9,609 | +€338 | +3.6% |
| Gross operating margin | 9900 | €97,480 | €109,975 | +€12,495 | +12.8% |
| Operating profit (loss) | 9901 | €43,109 | €48,988 | +€5,878 | +13.6% |
| Financial income | 75/76B | €6 | €150 | +€144 | +2407.8% |
| Recurring financial income | 75 | €6 | €150 | +€144 | +2407.8% |
| Financial charges | 65/66B | €17,239 | €19,667 | +€2,428 | +14.1% |
| Recurring financial charges | 65 | €17,239 | €19,667 | +€2,428 | +14.1% |
| Profit (loss) for the period before taxes | 9903 | €25,876 | €29,471 | +€3,595 | +13.9% |
| Income taxes | 67/77 | €8,833 | €9,707 | +€873 | +9.9% |
| Profit (loss) for the period | 9904 | €17,043 | €19,765 | +€2,722 | +16.0% |
| Profit (loss) for the period to be appropriated | 9905 | €17,043 | €19,765 | +€2,722 | +16.0% |
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 5 October 2026 via checked.be.