Fibertex: 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.
Fibertex
Largest movements
- Stocks and contracts +€235,524
up €235,524 (+46.2%), from €509,325 to €744,849
- Receivables within one year +€175,054
up €175,054 (+14.9%), from €1.2m to €1.4m
of which Trade receivables: +€119,882
- Cash -€92,456
down €92,456 (-77.8%), from €118,762 to €26,307
mainly Stocks and contracts (-€235,524) and Receivables within one year (-€175,054)
- Tangible fixed assets -€69,942
down €69,942 (-12.9%), from €540,183 to €470,240
of which Leasing and similar rights: -€70,911
- Reserves +€340,964
up €340,964 (+37.2%), from €917,272 to €1.3m
of which Distributable reserves: +€340,964
- Short-term financial debts +€100,000
up €100,000 (+66.7%), from €150,000 to €250,000
- Debts after one year -€93,911
down €93,911 (-100%), from €93,911 to €0
- Trade debts -€85,858
down €85,858 (-20.6%), from €417,331 to €331,473
- Tax, wage and social debts +€50,324
up €50,324 (+28.8%), from €174,910 to €225,234
of which Taxes: +€49,564
- Gross operating margin +€425,340
up €425,340 (+26.4%), from €1.6m to €2.0m
- Taxes +€96,979
up €96,979 (+117%), from €83,222 to €180,201
- Depreciation +€63,267
up €63,267 (+47.7%), from €132,684 to €195,951
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 | €2,349,583 | €2,600,830 | +€251,246 | +10.7% |
| Fixed assets | 21/28 | €540,183 | €470,240 | -€69,942 | -12.9% |
| Tangible fixed assets | 22/27 | €540,183 | €470,240 | -€69,942 | -12.9% |
| Plant, machinery and equipment | 23 | €365,998 | €348,583 | -€17,415 | -4.8% |
| Furniture and vehicles | 24 | €25,762 | €19,030 | -€6,732 | -26.1% |
| Leasing and similar rights | 25 | €130,129 | €59,218 | -€70,911 | -54.5% |
| Other tangible fixed assets | 26 | €1,098 | €43,409 | +€42,310 | +3,852% |
| Assets under construction and advance payments | 27 | €17,195 | €0 | -€17,195 | -100% |
| Current assets | 29/58 | €1,809,401 | €2,130,589 | +€321,189 | +17.8% |
| Stocks and contracts in progress | 3 | €509,325 | €744,849 | +€235,524 | +46.2% |
| Stocks | 30/36 | €509,325 | €744,849 | +€235,524 | +46.2% |
| Amounts receivable within one year | 40/41 | €1,174,974 | €1,350,028 | +€175,054 | +14.9% |
| Trade receivables | 40 | €983,674 | €1,103,556 | +€119,882 | +12.2% |
| Other amounts receivable | 41 | €191,300 | €246,473 | +€55,173 | +28.8% |
| Current investments | 50/53 | €21 | €20 | -€0 | -0.7% |
| Cash at bank and in hand | 54/58 | €118,762 | €26,307 | -€92,456 | -77.8% |
| Deferred charges and accrued income | 490/1 | €6,318 | €9,385 | +€3,067 | +48.5% |
| Total equity and liabilities | 10/49 | €2,349,583 | €2,600,830 | +€251,246 | +10.7% |
| Equity | 10/15 | €1,146,272 | €1,487,237 | +€340,964 | +29.7% |
| Contributions | 10/11 | €229,000 | €229,000 | = | 0.0% |
| Capital | 10 | €229,000 | €229,000 | = | 0.0% |
| Issued capital | 100 | €229,000 | €229,000 | = | 0.0% |
| Reserves | 13 | €917,272 | €1,258,237 | +€340,964 | +37.2% |
| Non-distributable reserves | 130/1 | €22,900 | €22,900 | = | 0.0% |
| Legal reserve | 130 | €22,900 | €22,900 | = | 0.0% |
| Tax-exempt reserves | 132 | €5,975 | €5,975 | = | 0.0% |
| Distributable reserves | 133 | €888,397 | €1,229,361 | +€340,964 | +38.4% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €1,203,311 | €1,113,593 | -€89,718 | -7.5% |
| Amounts payable after more than one year | 17 | €93,911 | €0 | -€93,911 | -100% |
| Financial debts | 170/4 | €93,911 | €0 | -€93,911 | -100% |
| Amounts payable within one year | 42/48 | €1,096,001 | €1,110,292 | +€14,291 | +1.3% |
| Current portion of amounts payable after more than one year | 42 | €173,760 | €152,685 | -€21,075 | -12.1% |
| Financial debts | 43 | €150,000 | €250,000 | +€100,000 | +66.7% |
| Credit institutions | 430/8 | €150,000 | €250,000 | +€100,000 | +66.7% |
| Trade debts | 44 | €417,331 | €331,473 | -€85,858 | -20.6% |
| Suppliers | 440/4 | €417,331 | €331,473 | -€85,858 | -20.6% |
| Taxes, remuneration and social security | 45 | €174,910 | €225,234 | +€50,324 | +28.8% |
| Taxes | 450/3 | €19,711 | €69,274 | +€49,564 | +251% |
| Remuneration and social security | 454/9 | €155,199 | €155,960 | +€760 | +0.5% |
| Other amounts payable | 47/48 | €180,000 | €150,900 | -€29,100 | -16.2% |
| Accrued charges and deferred income | 492/3 | €13,399 | €3,301 | -€10,098 | -75.4% |
| Non-recurring operating income | 76A | €0 | €4,407 | +€4,407 | |
| Remuneration, social security and pensions | 62 | €1,148,525 | €1,137,107 | -€11,417 | -1.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €132,684 | €195,951 | +€63,267 | +47.7% |
| Other operating charges | 640/8 | €5,256 | €4,079 | -€1,177 | -22.4% |
| Gross operating margin | 9900 | €1,610,684 | €2,036,024 | +€425,340 | +26.4% |
| Operating profit (loss) | 9901 | €324,219 | €698,886 | +€374,667 | +116% |
| Financial income | 75/76B | €4 | €510 | +€505 | +12,005% |
| Recurring financial income | 75 | €4 | €510 | +€505 | +12,005% |
| Financial charges | 65/66B | €29,962 | €27,330 | -€2,632 | -8.8% |
| Recurring financial charges | 65 | €29,962 | €27,330 | -€2,632 | -8.8% |
| Profit (loss) for the period before taxes | 9903 | €294,262 | €672,066 | +€377,804 | +128% |
| Income taxes | 67/77 | €83,222 | €180,201 | +€96,979 | +117% |
| Profit (loss) for the period | 9904 | €211,040 | €491,864 | +€280,825 | +133% |
| Profit (loss) for the period to be appropriated | 9905 | €211,040 | €491,864 | +€280,825 | +133% |
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 30 October 2026 via checked.be.