Fibertree: what changed
Fibertree
Largest movements
- Tangible fixed assets -€40,730
down €40,730 (-43.6%), from €93,450 to €52,720
of which Furniture and vehicles: -€26,743
- Cash +€8,845
up €8,845 (+808%), from €1,095 to €9,940
mainly Depreciation (+€40,730) and Net result for the year (+€29,155)
- Deferred charges and accrued income +€2,838
up €2,838 (+151%), from €1,885 to €4,723
- Receivables within one year -€2,815
down €2,815 (-1.7%), from €164,123 to €161,308
of which Trade receivables: -€3,586
- Reserves +€29,155
up €29,155 (+21.3%), from €136,813 to €165,968
- Current portion of long-term debt -€18,824
down €18,824 (-53.6%), from €35,120 to €16,296
- Trade debts -€18,694
down €18,694 (-60.3%), from €30,981 to €12,287
- Debts after one year -€16,296
down €16,296 (-33.8%), from €48,144 to €31,848
- Tax, wage and social debts -€3,614
no longer reported in 2025 (was €3,614)
- Gross operating margin +€26,272
up €26,272 (+42.5%), from €61,845 to €88,117
- Depreciation -€13,848
down €13,848 (-25.4%), from €54,578 to €40,730
- Taxes +€10,583
up €10,583 (+1,340%), from €790 to €11,373
- Other operating charges -€1,270
down €1,270 (-30.4%), from €4,176 to €2,906
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €260,888 | €229,026 | -€31,862 | -12.2% |
| Formation expenses | 20 | €0 | €0 | = | 0.0% |
| Fixed assets | 21/28 | €93,785 | €53,055 | -€40,730 | -43.4% |
| Tangible fixed assets | 22/27 | €93,450 | €52,720 | -€40,730 | -43.6% |
| Plant, machinery and equipment | 23 | €17,627 | €3,640 | -€13,987 | -79.3% |
| Furniture and vehicles | 24 | €75,824 | €49,080 | -€26,743 | -35.3% |
| Financial fixed assets | 28 | €335 | €335 | = | 0.0% |
| Current assets | 29/58 | €167,103 | €175,971 | +€8,868 | +5.3% |
| Amounts receivable within one year | 40/41 | €164,123 | €161,308 | -€2,815 | -1.7% |
| Trade receivables | 40 | €22,933 | €19,347 | -€3,586 | -15.6% |
| Other amounts receivable | 41 | €141,190 | €141,961 | +€771 | +0.5% |
| Cash at bank and in hand | 54/58 | €1,095 | €9,940 | +€8,845 | +808% |
| Deferred charges and accrued income | 490/1 | €1,885 | €4,723 | +€2,838 | +151% |
| Total equity and liabilities | 10/49 | €260,888 | €229,026 | -€31,862 | -12.2% |
| Equity | 10/15 | €136,040 | €165,195 | +€29,155 | +21.4% |
| Reserves | 13 | €136,813 | €165,968 | +€29,155 | +21.3% |
| Distributable reserves | 133 | €136,813 | €165,968 | +€29,155 | +21.3% |
| Profit (loss) carried forward | 14 | -€773 | -€773 | = | 0.0% |
| Amounts payable | 17/49 | €124,848 | €63,831 | -€61,017 | -48.9% |
| Amounts payable after more than one year | 17 | €48,144 | €31,848 | -€16,296 | -33.8% |
| Financial debts | 170/4 | €48,144 | €31,848 | -€16,296 | -33.8% |
| Amounts payable within one year | 42/48 | €76,704 | €31,983 | -€44,721 | -58.3% |
| Current portion of amounts payable after more than one year | 42 | €35,120 | €16,296 | -€18,824 | -53.6% |
| Financial debts | 43 | €6,989 | €3,400 | -€3,589 | -51.3% |
| Credit institutions | 430/8 | €6,989 | €3,400 | -€3,589 | -51.3% |
| Trade debts | 44 | €30,981 | €12,287 | -€18,694 | -60.3% |
| Suppliers | 440/4 | €30,981 | €12,287 | -€18,694 | -60.3% |
| Taxes, remuneration and social security | 45 | €3,614 | - | -€3,614 | |
| Taxes | 450/3 | €3,614 | - | -€3,614 | |
| Remuneration, social security and pensions | 62 | - | €354 | +€354 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €54,578 | €40,730 | -€13,848 | -25.4% |
| Other operating charges | 640/8 | €4,176 | €2,906 | -€1,270 | -30.4% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Gross operating margin | 9900 | €61,845 | €88,117 | +€26,272 | +42.5% |
| Operating profit (loss) | 9901 | €3,091 | €44,126 | +€41,035 | +1,328% |
| Financial income | 75/76B | €0 | €4 | +€4 | +1,900% |
| Recurring financial income | 75 | €0 | €4 | +€4 | +1,900% |
| Financial charges | 65/66B | €4,137 | €3,603 | -€534 | -12.9% |
| Recurring financial charges | 65 | €4,137 | €3,603 | -€534 | -12.9% |
| Profit (loss) for the period before taxes | 9903 | -€1,046 | €40,528 | +€41,574 | |
| Income taxes | 67/77 | €790 | €11,373 | +€10,583 | +1,340% |
| Profit (loss) for the period | 9904 | -€1,836 | €29,155 | +€30,991 | |
| Profit (loss) for the period to be appropriated | 9905 | -€1,836 | €29,155 | +€30,991 |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 5 November 2026 via checked.be.