FIBELCO: 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.
FIBELCO
Largest movements
- Tangible fixed assets +€311,240
up €311,240 (+387.0%), from €80,414 to €391,654
of which Land and buildings: +€307,982
- Current investments +€305,572
up €305,572 (+89.4%), from €341,824 to €647,396
- Receivables after one year -€117,739
down €117,739 (-23.3%), from €504,379 to €386,639
- Cash +€44,910
up €44,910 (+233.3%), from €19,252 to €64,161
mainly Net result for the year (+€669,460) and Receivables after one year (+€117,739)
- Reserves +€669,460
up €669,460 (+781.0%), from €85,721 to €755,181
of which Distributable reserves: +€669,460
- Other debts -€128,195
down €128,195 (-49.5%), from €259,058 to €130,863
- Tax, wage and social debts +€17,429
up €17,429 (+249.1%), from €6,997 to €24,426
- Debts after one year -€15,406
down €15,406 (-7.1%), from €217,036 to €201,630
- Gross operating margin +€916,589
up €916,589 (+4434.8%), from €20,668 to €937,258
- Taxes +€234,892
up €234,892 (+2591.6%), from €9,064 to €243,955
- Depreciation +€40,986
up €40,986 (+968.3%), from €4,233 to €45,218
- Financial income +€31,494
up €31,494 (+100.9%), from €31,208 to €62,702
- Financial charges +€17,669
up €17,669 (+89.9%), from €19,646 to €37,314
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 | €947,806 | €1,491,184 | +€543,378 | +57.3% |
| Fixed assets | 21/28 | €80,414 | €391,654 | +€311,240 | +387.0% |
| Tangible fixed assets | 22/27 | €80,414 | €391,654 | +€311,240 | +387.0% |
| Land and buildings | 22 | €59,075 | €367,057 | +€307,982 | +521.3% |
| Plant, machinery and equipment | 23 | €1,282 | €6,979 | +€5,697 | +444.3% |
| Furniture and vehicles | 24 | €20,057 | €17,618 | -€2,439 | -12.2% |
| Current assets | 29/58 | €867,392 | €1,099,530 | +€232,138 | +26.8% |
| Amounts receivable after more than one year | 29 | €504,379 | €386,639 | -€117,739 | -23.3% |
| Other amounts receivable | 291 | €504,379 | €386,639 | -€117,739 | -23.3% |
| Amounts receivable within one year | 40/41 | €540 | €0 | -€540 | -100.0% |
| Trade receivables | 40 | €540 | €0 | -€540 | -100.0% |
| Other amounts receivable | 41 | €0 | - | = | |
| Current investments | 50/53 | €341,824 | €647,396 | +€305,572 | +89.4% |
| Cash at bank and in hand | 54/58 | €19,252 | €64,161 | +€44,910 | +233.3% |
| Deferred charges and accrued income | 490/1 | €1,398 | €1,334 | -€64 | -4.6% |
| Total equity and liabilities | 10/49 | €947,806 | €1,491,184 | +€543,378 | +57.3% |
| Equity | 10/15 | €246,431 | €915,891 | +€669,460 | +271.7% |
| Contributions | 10/11 | €160,709 | €160,709 | = | 0.0% |
| Reserves | 13 | €85,721 | €755,181 | +€669,460 | +781.0% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €85,721 | €755,181 | +€669,460 | +781.0% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €701,375 | €575,293 | -€126,082 | -18.0% |
| Amounts payable after more than one year | 17 | €217,036 | €201,630 | -€15,406 | -7.1% |
| Financial debts | 170/4 | €217,036 | €201,630 | -€15,406 | -7.1% |
| Amounts payable within one year | 42/48 | €484,339 | €373,663 | -€110,676 | -22.9% |
| Current portion of amounts payable after more than one year | 42 | €14,843 | €15,406 | +€563 | +3.8% |
| Financial debts | 43 | €200,574 | €200,013 | -€561 | -0.3% |
| Credit institutions | 430/8 | €200,574 | €200,013 | -€561 | -0.3% |
| Trade debts | 44 | €2,867 | €2,955 | +€88 | +3.1% |
| Suppliers | 440/4 | €2,867 | €2,955 | +€88 | +3.1% |
| Taxes, remuneration and social security | 45 | €6,997 | €24,426 | +€17,429 | +249.1% |
| Taxes | 450/3 | €6,997 | €24,426 | +€17,429 | +249.1% |
| Other amounts payable | 47/48 | €259,058 | €130,863 | -€128,195 | -49.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,233 | €45,218 | +€40,986 | +968.3% |
| Other operating charges | 640/8 | €4,641 | €4,011 | -€630 | -13.6% |
| Gross operating margin | 9900 | €20,668 | €937,258 | +€916,589 | +4434.8% |
| Operating profit (loss) | 9901 | €11,794 | €888,028 | +€876,234 | +7429.3% |
| Financial income | 75/76B | €31,208 | €62,702 | +€31,494 | +100.9% |
| Recurring financial income | 75 | €31,208 | €62,702 | +€31,494 | +100.9% |
| Financial charges | 65/66B | €19,646 | €37,314 | +€17,669 | +89.9% |
| Recurring financial charges | 65 | €19,646 | €37,314 | +€17,669 | +89.9% |
| Profit (loss) for the period before taxes | 9903 | €23,356 | €913,415 | +€890,059 | +3810.8% |
| Income taxes | 67/77 | €9,064 | €243,955 | +€234,892 | +2591.6% |
| Profit (loss) for the period | 9904 | €14,293 | €669,460 | +€655,167 | +4583.9% |
| Profit (loss) for the period to be appropriated | 9905 | €14,293 | €669,460 | +€655,167 | +4583.9% |
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 6 October 2026 via checked.be.