FIBEXCO: what changed
Two fiscal 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.
FIBEXCO
Largest movements
- Tangible fixed assets +€33,075
up €33,075 (+1805.1%), from €1,832 to €34,908
of which Other tangible fixed assets: +€30,107
- Deferred charges and accrued income +€2,838
up €2,838 (+216.2%), from €1,313 to €4,151
- Receivables within one year -€2,210
down €2,210 (-20.4%), from €10,839 to €8,629
of which Trade receivables: -€3,361
- Cash +€1,810
up €1,810 (+1.9%), from €94,182 to €95,993
mainly Net result for the year (+€79,374) and Depreciation (+€3,282)
- Profit (loss) carried forward +€29,374
up €29,374 (+31.6%), from €93,099 to €122,473
- Tax, wage and social debts +€2,944
up €2,944 (+27.5%), from €10,709 to €13,653
- Other debts +€1,861
up €1,861 (+254.5%), from €731 to €2,592
- Gross operating margin +€56,462
up €56,462 (+71.1%), from €79,396 to €135,857
- Staff costs +€22,035
up €22,035 (+413.6%), from €5,328 to €27,363
- Taxes +€5,373
up €5,373 (+34.0%), from €15,807 to €21,180
- Depreciation +€1,860
up €1,860 (+130.8%), from €1,422 to €3,282
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.
Cash bridge derived
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 | €109,405 | €144,919 | +€35,514 | +32.5% |
| Fixed assets | 21/28 | €3,072 | €36,147 | +€33,075 | +1076.8% |
| Tangible fixed assets | 22/27 | €1,832 | €34,908 | +€33,075 | +1805.1% |
| Furniture and vehicles | 24 | €1,832 | €4,801 | +€2,969 | +162.0% |
| Other tangible fixed assets | 26 | - | €30,107 | +€30,107 | |
| Financial fixed assets | 28 | €1,239 | €1,239 | = | 0.0% |
| Current assets | 29/58 | €106,334 | €108,772 | +€2,438 | +2.3% |
| Amounts receivable within one year | 40/41 | €10,839 | €8,629 | -€2,210 | -20.4% |
| Trade receivables | 40 | €9,645 | €6,285 | -€3,361 | -34.8% |
| Other amounts receivable | 41 | €1,193 | €2,344 | +€1,151 | +96.5% |
| Cash at bank and in hand | 54/58 | €94,182 | €95,993 | +€1,810 | +1.9% |
| Deferred charges and accrued income | 490/1 | €1,313 | €4,151 | +€2,838 | +216.2% |
| Total equity and liabilities | 10/49 | €109,405 | €144,919 | +€35,514 | +32.5% |
| Equity | 10/15 | €95,099 | €124,473 | +€29,374 | +30.9% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €93,099 | €122,473 | +€29,374 | +31.6% |
| Amounts payable | 17/49 | €14,306 | €20,446 | +€6,140 | +42.9% |
| Amounts payable within one year | 42/48 | €14,306 | €20,446 | +€6,140 | +42.9% |
| Trade debts | 44 | €2,867 | €4,201 | +€1,334 | +46.5% |
| Suppliers | 440/4 | €2,867 | €4,201 | +€1,334 | +46.5% |
| Taxes, remuneration and social security | 45 | €10,709 | €13,653 | +€2,944 | +27.5% |
| Taxes | 450/3 | €10,709 | €13,653 | +€2,944 | +27.5% |
| Other amounts payable | 47/48 | €731 | €2,592 | +€1,861 | +254.5% |
| Remuneration, social security and pensions | 62 | €5,328 | €27,363 | +€22,035 | +413.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,422 | €3,282 | +€1,860 | +130.8% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €1,244 | +€1,244 | |
| Other operating charges | 640/8 | €998 | €1,665 | +€667 | +66.8% |
| Gross operating margin | 9900 | €79,396 | €135,857 | +€56,462 | +71.1% |
| Operating profit (loss) | 9901 | €71,647 | €102,304 | +€30,657 | +42.8% |
| Financial income | 75/76B | €0 | €9 | +€8 | +1815.6% |
| Recurring financial income | 75 | €0 | €9 | +€8 | +1815.6% |
| Financial charges | 65/66B | €946 | €1,759 | +€813 | +86.0% |
| Recurring financial charges | 65 | €946 | €1,759 | +€813 | +86.0% |
| Profit (loss) for the period before taxes | 9903 | €70,702 | €100,554 | +€29,852 | +42.2% |
| Income taxes | 67/77 | €15,807 | €21,180 | +€5,373 | +34.0% |
| Profit (loss) for the period | 9904 | €54,895 | €79,374 | +€24,479 | +44.6% |
| Profit (loss) for the period to be appropriated | 9905 | €54,895 | €79,374 | +€24,479 | +44.6% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.