Fiberklaar: 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.
What changed
Fiberklaar
NACE 61.100, Wired, wireless and satellite telecommunications
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
-€48.6m
2024 · -€33.4m-€15.2m
Equity
€742.8m
2024 · €216.5m+€526.4m
Cash
€0
2024 · €2.6m-€2.6m
Balance sheet total
€831.8m
2024 · €768.5m+€63.3m
Largest movements
Assets
- Tangible fixed assets +€92.7m
up €92.7m (+12.8%), from €723.4m to €816.1m
of which Plant, machinery and equipment: +€614.3m
- Current investments -€34.0m
down €34.0m (-100%), from €34.0m to €0
Equity and liabilities
- Contributions +€575.0m
up €575.0m (+186%), from €309.6m to €884.6m
- Debts after one year -€480.0m
down €480.0m (-100%), from €480.0m to €0
- Profit (loss) carried forward -€48.6m
down €48.6m (-52.2%), from -€93.1m to -€141.8m
- Short-term financial debts +€18.1m
new in 2025: €18.1m
Income statement
- Depreciation +€32.6m
up €32.6m (+631%), from €5.2m to €37.8m
- Financial charges -€11.0m
down €11.0m (-35.9%), from €30.6m to €19.6m
- Turnover +€8.4m
up €8.4m (+86.2%), from €9.7m to €18.1m
- Financial income -€3.6m
down €3.6m (-76.0%), from €4.8m to €1.2m
- Staff costs -€2.9m
down €2.9m (-41.4%), from €6.9m to €4.1m
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.
Result 2024
-€33.4m
Turnover
+€8.4m
Other operating income
-€125,245
Goods and materials
-€725,220
Services and other goods
+€2.8m
Staff costs
+€2.9m
Depreciation
-€32.6m
Provisions
-€4,682
Other operating charges
-€31,942
Other operating items
-€3.1m
Financial income
-€3.6m
Financial charges
+€11.0m
Taxes
+€993
Result 2025
-€48.6m
raises the resultlowers the resultnot broken down further in the accounts
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.
From operations
-€19.5m
Investment
-€96.3m
Financing
+€113.1m
Cash 2024
€2.6m
From operations (derived)
-€19.5m
Net result for the year
-€48.6m
Depreciation
+€37.8m
Receivables within one year
-€7.7m
Smaller working-capital items
-€206,590
Trade debts
+€1.5m
Accrued charges and deferred income
-€2.2m
Investment (derived)
-€96.3m
Investment in fixed assets (net)
-€130.3m
Current investments
+€34.0m
Financing
+€113.1m
Debts after one year
-€480.0m
Short-term financial debts
+€18.1m
Contributions, distributions and other
+€575.0m
Cash 2025
€0
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €768,532,448 | €831,785,969 | +€63.3m | +8.2% |
| Formation expenses | 20 | €24,837 | €16,659 | -€8,178 | -32.9% |
| Fixed assets | 21/28 | €726,326,547 | €818,865,923 | +€92.5m | +12.7% |
| Intangible fixed assets | 21 | €2,702,304 | €2,546,806 | -€155,498 | -5.8% |
| Tangible fixed assets | 22/27 | €723,420,104 | €816,114,978 | +€92.7m | +12.8% |
| Land and buildings | 22 | €1,292,339 | €1,450,033 | +€157,693 | +12.2% |
| Plant, machinery and equipment | 23 | €140,371,715 | €754,697,212 | +€614.3m | +438% |
| Furniture and vehicles | 24 | €265,331 | €204,059 | -€61,272 | -23.1% |
| Other tangible fixed assets | 26 | €449,666 | €369,659 | -€80,007 | -17.8% |
| Assets under construction and advance payments | 27 | €581,041,053 | €59,394,017 | -€521.6m | -89.8% |
| Financial fixed assets | 28 | €204,139 | €204,139 | = | 0.0% |
| Other financial fixed assets | 284/8 | €204,139 | €204,139 | = | 0.0% |
| Amounts receivable and cash guarantees | 285/8 | €204,139 | €204,139 | = | 0.0% |
| Current assets | 29/58 | €42,181,064 | €12,903,386 | -€29.3m | -69.4% |
| Stocks and contracts in progress | 3 | €0 | €0 | = | |
| Amounts receivable within one year | 40/41 | €5,017,483 | €12,713,224 | +€7.7m | +153% |
| Trade receivables | 40 | €2,382,286 | €11,997,024 | +€9.6m | +404% |
| Other amounts receivable | 41 | €2,635,197 | €716,200 | -€1.9m | -72.8% |
| Current investments | 50/53 | €34,044,000 | €0 | -€34.0m | -100% |
| Other investments | 51/53 | €34,044,000 | €0 | -€34.0m | -100% |
| Cash at bank and in hand | 54/58 | €2,636,139 | €0 | -€2.6m | -100% |
| Deferred charges and accrued income | 490/1 | €483,442 | €190,162 | -€293,280 | -60.7% |
| Total equity and liabilities | 10/49 | €768,532,448 | €831,785,969 | +€63.3m | +8.2% |
| Equity | 10/15 | €216,467,161 | €742,829,097 | +€526.4m | +243% |
| Contributions | 10/11 | €309,600,100 | €884,600,100 | +€575.0m | +186% |
| Profit (loss) carried forward | 14 | -€93,132,939 | -€141,771,003 | -€48.6m | -52.2% |
| Provisions and deferred taxes | 16 | €104,647 | €172,188 | +€67,541 | +64.5% |
| Provisions for liabilities and charges | 160/5 | €104,647 | €172,188 | +€67,541 | +64.5% |
| Other liabilities and charges | 164/5 | €104,647 | €172,188 | +€67,541 | +64.5% |
| Amounts payable | 17/49 | €551,960,640 | €88,784,683 | -€463.2m | -83.9% |
| Amounts payable after more than one year | 17 | €480,000,000 | €0 | -€480.0m | -100% |
| Financial debts | 170/4 | €480,000,000 | €0 | -€480.0m | -100% |
| Credit institutions | 173 | €480,000,000 | €0 | -€480.0m | -100% |
| Amounts payable within one year | 42/48 | €69,739,506 | €88,784,683 | +€19.0m | +27.3% |
| Financial debts | 43 | - | €18,127,042 | +€18.1m | |
| Other loans | 439 | - | €18,127,042 | +€18.1m | |
| Trade debts | 44 | €68,679,766 | €70,165,312 | +€1.5m | +2.2% |
| Suppliers | 440/4 | €68,679,766 | €70,165,312 | +€1.5m | +2.2% |
| Taxes, remuneration and social security | 45 | €1,059,740 | €492,329 | -€567,411 | -53.5% |
| Taxes | 450/3 | €161,173 | €58,032 | -€103,141 | -64.0% |
| Remuneration and social security | 454/9 | €898,568 | €434,298 | -€464,270 | -51.7% |
| Accrued charges and deferred income | 492/3 | €2,221,134 | €0 | -€2.2m | -100% |
| Operating income | 70/76A | €20,157,821 | €25,155,242 | +€5.0m | +24.8% |
| Turnover | 70 | €9,713,751 | €18,087,193 | +€8.4m | +86.2% |
| Own construction capitalised | 72 | €9,938,872 | €6,688,097 | -€3.3m | -32.7% |
| Other operating income | 74 | €505,197 | €379,952 | -€125,245 | -24.8% |
| Operating charges | 60/66A | €27,740,619 | €55,313,355 | +€27.6m | +99.4% |
| Goods for resale, raw materials and consumables | 60 | €2,011,662 | €2,736,881 | +€725,220 | +36.1% |
| Purchases | 600/8 | €2,011,662 | €2,736,881 | +€725,220 | +36.1% |
| Services and other goods | 61 | €13,353,316 | €10,558,225 | -€2.8m | -20.9% |
| Remuneration, social security and pensions | 62 | €6,924,463 | €4,054,843 | -€2.9m | -41.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,174,268 | €37,804,400 | +€32.6m | +631% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | €62,859 | €67,541 | +€4,682 | +7.4% |
| Other operating charges | 640/8 | €59,523 | €91,465 | +€31,942 | +53.7% |
| Non-recurring operating charges | 66A | €154,529 | €0 | -€154,529 | -100% |
| Operating profit (loss) | 9901 | -€7,582,798 | -€30,158,113 | -€22.6m | -298% |
| Financial income | 75/76B | €4,792,414 | €1,151,474 | -€3.6m | -76.0% |
| Recurring financial income | 75 | €4,792,414 | €1,151,474 | -€3.6m | -76.0% |
| Income from current assets | 751 | €663,039 | €761,216 | +€98,177 | +14.8% |
| Other financial income | 752/9 | €4,129,374 | €390,258 | -€3.7m | -90.5% |
| Financial charges | 65/66B | €30,628,436 | €19,626,002 | -€11.0m | -35.9% |
| Recurring financial charges | 65 | €30,628,436 | €19,626,002 | -€11.0m | -35.9% |
| Debt charges | 650 | €29,609,487 | €8,139,000 | -€21.5m | -72.5% |
| Write-downs on current assets other than stocks, contracts in progress and trade receivables: additions (reversals) | 651 | €0 | - | = | |
| Other financial charges | 652/9 | €1,018,949 | €11,487,002 | +€10.5m | +1,027% |
| Profit (loss) for the period before taxes | 9903 | -€33,418,821 | -€48,632,641 | -€15.2m | -45.5% |
| Income taxes | 67/77 | €6,417 | €5,424 | -€993 | -15.5% |
| Taxes | 670/3 | €6,417 | €5,424 | -€993 | -15.5% |
| Profit (loss) for the period | 9904 | -€33,425,238 | -€48,638,064 | -€15.2m | -45.5% |
| Profit (loss) for the period to be appropriated | 9905 | -€33,425,238 | -€48,638,064 | -€15.2m | -45.5% |
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 15 October 2026 via checked.be.