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
- Stocks and contracts +€929,768
up €929,768 (+55.6%), from €1.7m to €2.6m
- Cash +€153,123
up €153,123 (+1449.0%), from €10,568 to €163,691
mainly Debts after one year (+€853,000) and Advances received (+€230,100)
- Receivables within one year -€51,661
down €51,661 (-16.3%), from €317,259 to €265,598
of which Trade receivables: -€185,206
- Debts after one year +€853,000
new in 2025: €853,000
- Advances received +€230,100
new in 2025: €230,100
- Other debts -€92,871
down €92,871 (-8.0%), from €1.2m to €1.1m
- Gross operating margin +€378,436
up €378,436, from -€237,903 to €140,533
- Financial charges +€14,711
up €14,711 (+45.8%), from €32,139 to €46,850
- Staff costs -€3,093
down €3,093 (-3.8%), from €81,928 to €78,835
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 | €2,011,545 | €3,033,558 | +€1.0m | +50.8% |
| Fixed assets | 21/28 | €2,869 | €1,161 | -€1,708 | -59.5% |
| Tangible fixed assets | 22/27 | €2,869 | €1,161 | -€1,708 | -59.5% |
| Land and buildings | 22 | €1,605 | - | -€1,605 | |
| Plant, machinery and equipment | 23 | €1,264 | €1,161 | -€103 | -8.2% |
| Current assets | 29/58 | €2,008,676 | €3,032,397 | +€1.0m | +51.0% |
| Stocks and contracts in progress | 3 | €1,673,340 | €2,603,108 | +€929,768 | +55.6% |
| Stocks | 30/36 | €1,673,340 | €2,603,108 | +€929,768 | +55.6% |
| Amounts receivable within one year | 40/41 | €317,259 | €265,598 | -€51,661 | -16.3% |
| Trade receivables | 40 | €217,098 | €31,892 | -€185,206 | -85.3% |
| Other amounts receivable | 41 | €100,161 | €233,707 | +€133,545 | +133.3% |
| Cash at bank and in hand | 54/58 | €10,568 | €163,691 | +€153,123 | +1449.0% |
| Deferred charges and accrued income | 490/1 | €7,510 | - | -€7,510 | |
| Total equity and liabilities | 10/49 | €2,011,545 | €3,033,558 | +€1.0m | +50.8% |
| Equity | 10/15 | €789,148 | €805,766 | +€16,618 | +2.1% |
| Contributions | 10/11 | €6,197 | €6,197 | = | 0.0% |
| Reserves | 13 | €782,951 | €799,568 | +€16,618 | +2.1% |
| Tax-exempt reserves | 132 | €16,369 | €16,369 | = | 0.0% |
| Distributable reserves | 133 | €766,581 | €783,199 | +€16,618 | +2.2% |
| Amounts payable | 17/49 | €1,222,397 | €2,227,792 | +€1.0m | +82.2% |
| Amounts payable after more than one year | 17 | - | €853,000 | +€853,000 | |
| Financial debts | 170/4 | - | €853,000 | +€853,000 | |
| Amounts payable within one year | 42/48 | €1,222,397 | €1,374,792 | +€152,395 | +12.5% |
| Trade debts | 44 | €24,694 | €35,815 | +€11,122 | +45.0% |
| Suppliers | 440/4 | €24,694 | €35,815 | +€11,122 | +45.0% |
| Advances received on contracts in progress | 46 | - | €230,100 | +€230,100 | |
| Taxes, remuneration and social security | 45 | €32,619 | €36,663 | +€4,044 | +12.4% |
| Taxes | 450/3 | €20,805 | €23,180 | +€2,375 | +11.4% |
| Remuneration and social security | 454/9 | €11,814 | €13,483 | +€1,670 | +14.1% |
| Other amounts payable | 47/48 | €1,165,085 | €1,072,214 | -€92,871 | -8.0% |
| Non-recurring operating income | 76A | €18,750 | €183,395 | +€164,645 | +878.1% |
| Remuneration, social security and pensions | 62 | €81,928 | €78,835 | -€3,093 | -3.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €548 | €103 | -€445 | -81.2% |
| Other operating charges | 640/8 | €1,902 | €1,371 | -€532 | -27.9% |
| Gross operating margin | 9900 | -€237,903 | €140,533 | +€378,436 | |
| Operating profit (loss) | 9901 | -€322,282 | €60,224 | +€382,506 | |
| Financial income | 75/76B | €2,761 | €3,244 | +€482 | +17.5% |
| Recurring financial income | 75 | €2,761 | €3,244 | +€482 | +17.5% |
| Financial charges | 65/66B | €32,139 | €46,850 | +€14,711 | +45.8% |
| Recurring financial charges | 65 | €32,139 | €46,850 | +€14,711 | +45.8% |
| Profit (loss) for the period before taxes | 9903 | -€351,659 | €16,618 | +€368,277 | |
| Profit (loss) for the period | 9904 | -€351,659 | €16,618 | +€368,277 | |
| Profit (loss) for the period to be appropriated | 9905 | -€351,659 | €16,618 | +€368,277 |
Source: filed annual accounts (NBB), fiscal years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 5 October 2026 via checked.be.