Fiberklaar Midco: 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 Midco
NACE 64.210, Activities of holding companies
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
-€251,794
2024 · -€14,781-€237,013
Equity
€884.7m
2024 · €310.0m+€574.7m
Cash
€343,607
2024 · €141,441+€202,166
Balance sheet total
€885.0m
2024 · €310.0m+€575.0m
Largest movements
Assets
- Financial fixed assets +€575.0m
up €575.0m (+186%), from €309.6m to €884.6m
Equity and liabilities
- Contributions +€575.0m
up €575.0m (+185%), from €310.0m to €885.0m
Income statement
No income-statement line moved by more than 1% of the activity.
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
-€14,781
Other operating charges
+€1,924
Other operating items
-€238,967
Financial charges
+€30
Result 2025
-€251,794
raises 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
+€202,166
Investment
-€575.0m
Financing
+€575.0m
Cash 2024
€141,441
From operations (derived)
+€202,166
Net result for the year
-€251,794
Depreciation
+€4,206
Smaller working-capital items
+€449,754
Investment (derived)
-€575.0m
Investment in fixed assets (net)
-€575.0m
Financing
+€575.0m
Contributions, distributions and other
+€575.0m
Cash 2025
€343,607
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €309,980,930 | €884,953,342 | +€575.0m | +185% |
| Formation expenses | 20 | €13,841 | €9,635 | -€4,206 | -30.4% |
| Fixed assets | 21/28 | €309,600,100 | €884,600,100 | +€575.0m | +186% |
| Financial fixed assets | 28 | €309,600,100 | €884,600,100 | +€575.0m | +186% |
| Affiliated companies | 280/1 | €309,600,100 | €884,600,100 | +€575.0m | +186% |
| Participating interests | 280 | €309,600,100 | €884,600,100 | +€575.0m | +186% |
| Current assets | 29/58 | €366,989 | €343,607 | -€23,382 | -6.4% |
| Stocks and contracts in progress | 3 | €0 | €0 | = | |
| Amounts receivable within one year | 40/41 | €225,548 | €0 | -€225,548 | -100% |
| Trade receivables | 40 | €225,548 | €0 | -€225,548 | -100% |
| Other amounts receivable | 41 | €0 | - | = | |
| Cash at bank and in hand | 54/58 | €141,441 | €343,607 | +€202,166 | +143% |
| Total equity and liabilities | 10/49 | €309,980,930 | €884,953,342 | +€575.0m | +185% |
| Equity | 10/15 | €309,973,847 | €884,722,053 | +€574.7m | +185% |
| Contributions | 10/11 | €310,000,100 | €885,000,100 | +€575.0m | +185% |
| Profit (loss) carried forward | 14 | -€26,253 | -€278,047 | -€251,794 | -959% |
| Amounts payable | 17/49 | €7,083 | €231,289 | +€224,206 | +3,165% |
| Amounts payable within one year | 42/48 | €7,083 | €231,289 | +€224,206 | +3,165% |
| Trade debts | 44 | €7,083 | €231,289 | +€224,206 | +3,165% |
| Suppliers | 440/4 | €7,083 | €231,289 | +€224,206 | +3,165% |
| Operating income | 70/76A | €225,548 | €0 | -€225,548 | -100% |
| Other operating income | 74 | €225,548 | €0 | -€225,548 | -100% |
| Operating charges | 60/66A | €239,652 | €251,147 | +€11,495 | +4.8% |
| Services and other goods | 61 | €233,378 | €246,797 | +€13,419 | +5.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,206 | €4,206 | = | 0.0% |
| Other operating charges | 640/8 | €2,068 | €144 | -€1,924 | -93.0% |
| Operating profit (loss) | 9901 | -€14,104 | -€251,147 | -€237,043 | -1,681% |
| Financial charges | 65/66B | €677 | €647 | -€30 | -4.4% |
| Recurring financial charges | 65 | €677 | €647 | -€30 | -4.4% |
| Debt charges | 650 | €21 | €0 | -€21 | -100% |
| Other financial charges | 652/9 | €655 | €647 | -€8 | -1.3% |
| Profit (loss) for the period before taxes | 9903 | -€14,781 | -€251,794 | -€237,013 | -1,604% |
| Profit (loss) for the period | 9904 | -€14,781 | -€251,794 | -€237,013 | -1,604% |
| Profit (loss) for the period to be appropriated | 9905 | -€14,781 | -€251,794 | -€237,013 | -1,604% |
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 17 October 2026 via checked.be.