FIBELAB: 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.
FIBELAB
Largest movements
- Current investments +€278,871
up €278,871 (+37.0%), from €753,974 to €1.0m
- Tangible fixed assets -€20,097
down €20,097 (-8.6%), from €232,642 to €212,545
of which Furniture and vehicles: -€27,907
- Cash -€16,231
down €16,231 (-39.5%), from €41,130 to €24,899
mainly Current investments (-€278,871) and Investment in fixed assets (net) (-€26,846)
- Receivables within one year +€15,431
up €15,431 (+14.3%), from €107,815 to €123,247
of which Other amounts receivable: +€16,997
- Reserves +€263,071
up €263,071 (+30.6%), from €859,845 to €1.1m
- Financial income +€152,062
up €152,062 (+4602.4%), from €3,304 to €155,366
- Gross operating margin -€80,771
down €80,771 (-25.4%), from €318,540 to €237,769
- Depreciation +€11,477
up €11,477 (+32.4%), from €35,465 to €46,943
- Taxes -€8,940
down €8,940 (-10.4%), from €85,842 to €76,902
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 | €1,142,558 | €1,400,636 | +€258,078 | +22.6% |
| Fixed assets | 21/28 | €232,692 | €212,595 | -€20,097 | -8.6% |
| Tangible fixed assets | 22/27 | €232,642 | €212,545 | -€20,097 | -8.6% |
| Land and buildings | 22 | €112,329 | €120,256 | +€7,927 | +7.1% |
| Plant, machinery and equipment | 23 | €1,659 | €1,542 | -€117 | -7.1% |
| Furniture and vehicles | 24 | €118,655 | €90,748 | -€27,907 | -23.5% |
| Financial fixed assets | 28 | €50 | €50 | = | 0.0% |
| Current assets | 29/58 | €909,867 | €1,188,041 | +€278,175 | +30.6% |
| Amounts receivable within one year | 40/41 | €107,815 | €123,247 | +€15,431 | +14.3% |
| Trade receivables | 40 | €107,815 | €106,250 | -€1,566 | -1.5% |
| Other amounts receivable | 41 | - | €16,997 | +€16,997 | |
| Current investments | 50/53 | €753,974 | €1,032,845 | +€278,871 | +37.0% |
| Cash at bank and in hand | 54/58 | €41,130 | €24,899 | -€16,231 | -39.5% |
| Deferred charges and accrued income | 490/1 | €6,948 | €7,051 | +€103 | +1.5% |
| Total equity and liabilities | 10/49 | €1,142,558 | €1,400,636 | +€258,078 | +22.6% |
| Equity | 10/15 | €1,098,421 | €1,361,491 | +€263,071 | +23.9% |
| Contributions | 10/11 | €6,205 | €6,205 | = | 0.0% |
| Reserves | 13 | €859,845 | €1,122,916 | +€263,071 | +30.6% |
| Distributable reserves | 133 | €859,845 | €1,122,916 | +€263,071 | +30.6% |
| Profit (loss) carried forward | 14 | €232,371 | €232,371 | = | 0.0% |
| Amounts payable | 17/49 | €44,138 | €39,145 | -€4,993 | -11.3% |
| Amounts payable within one year | 42/48 | €44,138 | €39,145 | -€4,993 | -11.3% |
| Financial debts | 43 | €472 | €290 | -€182 | -38.6% |
| Credit institutions | 430/8 | €472 | €290 | -€182 | -38.6% |
| Trade debts | 44 | €9,357 | €3,788 | -€5,569 | -59.5% |
| Suppliers | 440/4 | €9,357 | €3,788 | -€5,569 | -59.5% |
| Taxes, remuneration and social security | 45 | €19,851 | €33,597 | +€13,746 | +69.2% |
| Taxes | 450/3 | €19,851 | €33,597 | +€13,746 | +69.2% |
| Other amounts payable | 47/48 | €14,458 | €1,470 | -€12,987 | -89.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €35,465 | €46,943 | +€11,477 | +32.4% |
| Other operating charges | 640/8 | €3,435 | €2,970 | -€466 | -13.6% |
| Gross operating margin | 9900 | €318,540 | €237,769 | -€80,771 | -25.4% |
| Operating profit (loss) | 9901 | €279,639 | €187,857 | -€91,783 | -32.8% |
| Financial income | 75/76B | €3,304 | €155,366 | +€152,062 | +4602.4% |
| Recurring financial income | 75 | €3,304 | €155,366 | +€152,062 | +4602.4% |
| Financial charges | 65/66B | €1,140 | €3,250 | +€2,110 | +185.0% |
| Recurring financial charges | 65 | €1,140 | €3,250 | +€2,110 | +185.0% |
| Profit (loss) for the period before taxes | 9903 | €281,803 | €339,973 | +€58,170 | +20.6% |
| Income taxes | 67/77 | €85,842 | €76,902 | -€8,940 | -10.4% |
| Profit (loss) for the period | 9904 | €195,961 | €263,071 | +€67,110 | +34.2% |
| Profit (loss) for the period to be appropriated | 9905 | €195,961 | €263,071 | +€67,110 | +34.2% |
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 9 October 2026 via checked.be.