FIBEL: 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.
FIBEL
Largest movements
- Cash -€177,878
down €177,878 (-66.9%), from €265,702 to €87,824
mainly Contributions, distributions and other (-€350,000) and Tax, wage and social debts (-€68,000)
- Receivables within one year -€83,449
down €83,449 (-95.2%), from €87,698 to €4,249
of which Other amounts receivable: -€84,694
- Tangible fixed assets -€28,850
down €28,850 (-8.8%), from €329,670 to €300,820
of which Land and buildings: -€26,314
- Reserves -€210,455
down €210,455 (-42.4%), from €496,143 to €285,688
of which Distributable reserves: -€197,013
- Tax, wage and social debts -€68,000
down €68,000 (-100%), from €68,000 to €0
- Gross operating margin +€69,059
up €69,059 (+40.8%), from €169,396 to €238,455
- Taxes +€15,694
up €15,694 (+44.5%), from €35,302 to €50,996
- Financial income -€9,052
down €9,052 (-100%), from €9,052 to €0
of which Non-recurring financial income: -€7,691
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 | €685,851 | €394,385 | -€291,466 | -42.5% |
| Fixed assets | 21/28 | €329,670 | €300,820 | -€28,850 | -8.8% |
| Tangible fixed assets | 22/27 | €329,670 | €300,820 | -€28,850 | -8.8% |
| Land and buildings | 22 | €306,161 | €279,847 | -€26,314 | -8.6% |
| Plant, machinery and equipment | 23 | €23,509 | €20,972 | -€2,536 | -10.8% |
| Furniture and vehicles | 24 | €0 | - | = | |
| Current assets | 29/58 | €356,181 | €93,566 | -€262,616 | -73.7% |
| Amounts receivable within one year | 40/41 | €87,698 | €4,249 | -€83,449 | -95.2% |
| Trade receivables | 40 | €0 | €1,244 | +€1,244 | |
| Other amounts receivable | 41 | €87,698 | €3,004 | -€84,694 | -96.6% |
| Cash at bank and in hand | 54/58 | €265,702 | €87,824 | -€177,878 | -66.9% |
| Deferred charges and accrued income | 490/1 | €2,781 | €1,493 | -€1,288 | -46.3% |
| Total equity and liabilities | 10/49 | €685,851 | €394,385 | -€291,466 | -42.5% |
| Equity | 10/15 | €559,143 | €348,688 | -€210,455 | -37.6% |
| Contributions | 10/11 | €63,000 | €63,000 | = | 0.0% |
| Capital | 10 | €63,000 | €63,000 | = | 0.0% |
| Issued capital | 100 | €63,000 | €63,000 | = | 0.0% |
| Reserves | 13 | €496,143 | €285,688 | -€210,455 | -42.4% |
| Non-distributable reserves | 130/1 | €21,600 | €21,600 | = | 0.0% |
| Legal reserve | 130 | €21,600 | €21,600 | = | 0.0% |
| Tax-exempt reserves | 132 | €121,762 | €108,320 | -€13,442 | -11.0% |
| Distributable reserves | 133 | €352,782 | €155,769 | -€197,013 | -55.8% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Provisions and deferred taxes | 16 | €51,348 | €45,676 | -€5,672 | -11.0% |
| Deferred taxes | 168 | €51,348 | €45,676 | -€5,672 | -11.0% |
| Amounts payable | 17/49 | €75,360 | €21 | -€75,339 | -100.0% |
| Amounts payable within one year | 42/48 | €74,000 | €21 | -€73,979 | -100.0% |
| Trade debts | 44 | €0 | €21 | +€21 | |
| Suppliers | 440/4 | €0 | €21 | +€21 | |
| Taxes, remuneration and social security | 45 | €68,000 | €0 | -€68,000 | -100% |
| Taxes | 450/3 | €68,000 | €0 | -€68,000 | -100% |
| Other amounts payable | 47/48 | €6,000 | €0 | -€6,000 | -100% |
| Accrued charges and deferred income | 492/3 | €1,360 | €0 | -€1,360 | -100% |
| Non-recurring operating income | 76A | €1,021 | €784 | -€237 | -23.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €28,667 | €28,850 | +€183 | +0.6% |
| Other operating charges | 640/8 | €23,517 | €24,549 | +€1,032 | +4.4% |
| Gross operating margin | 9900 | €169,396 | €238,455 | +€69,059 | +40.8% |
| Operating profit (loss) | 9901 | €117,212 | €185,056 | +€67,844 | +57.9% |
| Financial income | 75/76B | €9,052 | €0 | -€9,052 | -100% |
| Recurring financial income | 75 | €1,360 | €0 | -€1,360 | -100% |
| Non-recurring financial income | 76B | €7,691 | €0 | -€7,691 | -100% |
| Financial charges | 65/66B | €2,042 | €188 | -€1,855 | -90.8% |
| Recurring financial charges | 65 | €2,042 | €188 | -€1,855 | -90.8% |
| Profit (loss) for the period before taxes | 9903 | €124,221 | €184,869 | +€60,648 | +48.8% |
| Transfer from deferred taxes | 780 | €5,672 | €5,672 | = | 0.0% |
| Income taxes | 67/77 | €35,302 | €50,996 | +€15,694 | +44.5% |
| Profit (loss) for the period | 9904 | €94,591 | €139,545 | +€44,954 | +47.5% |
| Transfer from tax-exempt reserves | 789 | €13,442 | €13,442 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €108,033 | €152,987 | +€44,954 | +41.6% |
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 30 October 2026 via checked.be.