FIBELVO: 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.
FIBELVO
Largest movements
- Tangible fixed assets -€333,607
down €333,607 (-25.9%), from €1.3m to €952,885
of which Land and buildings: -€167,330
- Stocks and contracts -€61,437
down €61,437 (-45.6%), from €134,809 to €73,372
- Cash -€17,977
down €17,977 (-38.4%), from €46,771 to €28,795
mainly Net result for the year (-€205,811) and Other debts (-€102,489)
- Profit (loss) carried forward -€205,811
down €205,811 (-26.7%), from -€771,301 to -€977,112
- Other debts -€102,489
down €102,489 (-7.3%), from €1.4m to €1.3m
- Tax, wage and social debts -€54,570
down €54,570 (-28.0%), from €194,545 to €139,975
of which Remuneration and social security: -€43,144
- Trade debts -€50,159
down €50,159 (-6.9%), from €726,123 to €675,965
- Gross operating margin -€441,508
down €441,508 (-45.2%), from €977,642 to €536,134
- Staff costs -€367,807
down €367,807 (-46.4%), from €792,347 to €424,540
- Depreciation -€30,877
down €30,877 (-11.0%), from €280,458 to €249,581
- Financial charges -€20,539
down €20,539 (-29.2%), from €70,455 to €49,915
of which Financial charges: -€20,641
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 | €1,615,356 | €1,202,327 | -€413,029 | -25.6% |
| Fixed assets | 21/28 | €1,286,493 | €952,885 | -€333,607 | -25.9% |
| Tangible fixed assets | 22/27 | €1,286,493 | €952,885 | -€333,607 | -25.9% |
| Land and buildings | 22 | €966,941 | €799,611 | -€167,330 | -17.3% |
| Plant, machinery and equipment | 23 | €249,633 | €102,902 | -€146,731 | -58.8% |
| Furniture and vehicles | 24 | €22,416 | €4,696 | -€17,720 | -79.1% |
| Other tangible fixed assets | 26 | €47,503 | €45,678 | -€1,825 | -3.8% |
| Current assets | 29/58 | €328,864 | €249,442 | -€79,422 | -24.2% |
| Stocks and contracts in progress | 3 | €134,809 | €73,372 | -€61,437 | -45.6% |
| Stocks | 30/36 | €134,809 | €73,372 | -€61,437 | -45.6% |
| Amounts receivable within one year | 40/41 | €147,283 | €147,275 | -€8 | 0.0% |
| Trade receivables | 40 | €146,980 | €146,536 | -€444 | -0.3% |
| Other amounts receivable | 41 | €303 | €739 | +€436 | +144% |
| Cash at bank and in hand | 54/58 | €46,771 | €28,795 | -€17,977 | -38.4% |
| Total equity and liabilities | 10/49 | €1,615,356 | €1,202,327 | -€413,029 | -25.6% |
| Equity | 10/15 | -€703,101 | -€908,912 | -€205,811 | -29.3% |
| 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 | €6,200 | €6,200 | = | 0.0% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€771,301 | -€977,112 | -€205,811 | -26.7% |
| Amounts payable | 17/49 | €2,318,457 | €2,111,240 | -€207,217 | -8.9% |
| Amounts payable within one year | 42/48 | €2,318,457 | €2,111,240 | -€207,217 | -8.9% |
| Trade debts | 44 | €726,123 | €675,965 | -€50,159 | -6.9% |
| Suppliers | 440/4 | €726,123 | €675,965 | -€50,159 | -6.9% |
| Taxes, remuneration and social security | 45 | €194,545 | €139,975 | -€54,570 | -28.0% |
| Taxes | 450/3 | €76,448 | €65,022 | -€11,426 | -14.9% |
| Remuneration and social security | 454/9 | €118,097 | €74,953 | -€43,144 | -36.5% |
| Other amounts payable | 47/48 | €1,397,789 | €1,295,300 | -€102,489 | -7.3% |
| Non-recurring operating income | 76A | - | €38,750 | +€38,750 | |
| Remuneration, social security and pensions | 62 | €792,347 | €424,540 | -€367,807 | -46.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €280,458 | €249,581 | -€30,877 | -11.0% |
| Other operating charges | 640/8 | €17,286 | €17,745 | +€459 | +2.7% |
| Gross operating margin | 9900 | €977,642 | €536,134 | -€441,508 | -45.2% |
| Operating profit (loss) | 9901 | -€112,449 | -€155,732 | -€43,284 | -38.5% |
| Financial income | 75/76B | €3 | €0 | -€3 | -99.2% |
| Recurring financial income | 75 | €3 | €0 | -€3 | -99.2% |
| Financial charges | 65/66B | €70,455 | €49,915 | -€20,539 | -29.2% |
| Recurring financial charges | 65 | €70,455 | €49,814 | -€20,641 | -29.3% |
| Non-recurring financial charges | 66B | - | €101 | +€101 | |
| Profit (loss) for the period before taxes | 9903 | -€182,901 | -€205,648 | -€22,747 | -12.4% |
| Income taxes | 67/77 | -€231 | €164 | +€395 | |
| Profit (loss) for the period | 9904 | -€182,670 | -€205,811 | -€23,142 | -12.7% |
| Profit (loss) for the period to be appropriated | 9905 | -€182,670 | -€205,811 | -€23,142 | -12.7% |
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 16 October 2026 via checked.be.