FIBOCO: 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.
FIBOCO
Largest movements
- Tangible fixed assets +€295,818
up €295,818 (+78.3%), from €377,847 to €673,665
of which Land and buildings: +€314,810
- Receivables after one year -€80,000
down €80,000 (-61.5%), from €130,000 to €50,000
- Cash -€46,961
down €46,961 (-31.7%), from €148,113 to €101,153
mainly Investment in fixed assets (net) (-€381,185) and Debts after one year (-€12,027)
- Current investments -€19,023
down €19,023 (-6.6%), from €287,926 to €268,903
- Other debts +€165,127
up €165,127 (+199.9%), from €82,616 to €247,744
- Reserves +€27,224
up €27,224 (+5.8%), from €472,921 to €500,144
of which Distributable reserves: +€25,306
- Debts after one year -€12,027
no longer reported in 2025 (was €12,027)
- Depreciation +€55,326
up €55,326 (+184.2%), from €30,041 to €85,367
- Financial income +€38,827
up €38,827 (+376.9%), from €10,302 to €49,129
- Financial charges +€18,249
up €18,249 (+219.0%), from €8,335 to €26,583
- Taxes -€11,291
down €11,291 (-37.0%), from €30,521 to €19,230
- Gross operating margin +€3,389
up €3,389 (+3.2%), from €105,106 to €108,495
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 | €987,078 | €1,143,811 | +€156,733 | +15.9% |
| Fixed assets | 21/28 | €377,897 | €673,715 | +€295,818 | +78.3% |
| Tangible fixed assets | 22/27 | €377,847 | €673,665 | +€295,818 | +78.3% |
| Land and buildings | 22 | €311,581 | €626,391 | +€314,810 | +101.0% |
| Plant, machinery and equipment | 23 | €19,550 | €16,547 | -€3,003 | -15.4% |
| Furniture and vehicles | 24 | €46,716 | €30,726 | -€15,990 | -34.2% |
| Financial fixed assets | 28 | €50 | €50 | = | 0.0% |
| Current assets | 29/58 | €609,181 | €470,096 | -€139,084 | -22.8% |
| Amounts receivable after more than one year | 29 | €130,000 | €50,000 | -€80,000 | -61.5% |
| Other amounts receivable | 291 | €130,000 | €50,000 | -€80,000 | -61.5% |
| Amounts receivable within one year | 40/41 | €40,000 | €50,041 | +€10,041 | +25.1% |
| Trade receivables | 40 | - | €10,041 | +€10,041 | |
| Other amounts receivable | 41 | €40,000 | €40,000 | = | 0.0% |
| Current investments | 50/53 | €287,926 | €268,903 | -€19,023 | -6.6% |
| Cash at bank and in hand | 54/58 | €148,113 | €101,153 | -€46,961 | -31.7% |
| Deferred charges and accrued income | 490/1 | €3,141 | - | -€3,141 | |
| Total equity and liabilities | 10/49 | €987,078 | €1,143,811 | +€156,733 | +15.9% |
| Equity | 10/15 | €681,620 | €698,282 | +€16,663 | +2.4% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Revaluation surpluses | 12 | €190,099 | €179,538 | -€10,561 | -5.6% |
| Reserves | 13 | €472,921 | €500,144 | +€27,224 | +5.8% |
| Tax-exempt reserves | 132 | €179,669 | €181,587 | +€1,918 | +1.1% |
| Distributable reserves | 133 | €293,252 | €318,558 | +€25,306 | +8.6% |
| Provisions and deferred taxes | 16 | €167,839 | €164,970 | -€2,869 | -1.7% |
| Provisions for liabilities and charges | 160/5 | €128,838 | €128,838 | = | 0.0% |
| Pensions and similar obligations | 160 | €128,838 | €128,838 | = | 0.0% |
| Deferred taxes | 168 | €39,002 | €36,133 | -€2,869 | -7.4% |
| Amounts payable | 17/49 | €137,618 | €280,558 | +€142,940 | +103.9% |
| Amounts payable after more than one year | 17 | €12,027 | - | -€12,027 | |
| Financial debts | 170/4 | €12,027 | - | -€12,027 | |
| Amounts payable within one year | 42/48 | €118,482 | €266,700 | +€148,218 | +125.1% |
| Current portion of amounts payable after more than one year | 42 | €19,915 | €12,027 | -€7,888 | -39.6% |
| Financial debts | 43 | €5,957 | - | -€5,957 | |
| Credit institutions | 430/8 | €5,957 | - | -€5,957 | |
| Trade debts | 44 | €170 | €631 | +€461 | +271.9% |
| Suppliers | 440/4 | €170 | €631 | +€461 | +271.9% |
| Taxes, remuneration and social security | 45 | €9,824 | €6,298 | -€3,526 | -35.9% |
| Taxes | 450/3 | €9,824 | €6,298 | -€3,526 | -35.9% |
| Other amounts payable | 47/48 | €82,616 | €247,744 | +€165,127 | +199.9% |
| Accrued charges and deferred income | 492/3 | €7,110 | €13,859 | +€6,749 | +94.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €30,041 | €85,367 | +€55,326 | +184.2% |
| Other operating charges | 640/8 | €3,903 | €5,151 | +€1,248 | +32.0% |
| Gross operating margin | 9900 | €105,106 | €108,495 | +€3,389 | +3.2% |
| Operating profit (loss) | 9901 | €71,162 | €17,977 | -€53,185 | -74.7% |
| Financial income | 75/76B | €10,302 | €49,129 | +€38,827 | +376.9% |
| Recurring financial income | 75 | €10,302 | €49,129 | +€38,827 | +376.9% |
| Financial charges | 65/66B | €8,335 | €26,583 | +€18,249 | +219.0% |
| Recurring financial charges | 65 | €8,335 | €26,583 | +€18,249 | +219.0% |
| Profit (loss) for the period before taxes | 9903 | €73,130 | €40,523 | -€32,607 | -44.6% |
| Transfer from deferred taxes | 780 | €2,773 | €2,869 | +€96 | +3.5% |
| Income taxes | 67/77 | €30,521 | €19,230 | -€11,291 | -37.0% |
| Profit (loss) for the period | 9904 | €45,382 | €24,163 | -€21,219 | -46.8% |
| Transfer from tax-exempt reserves | 789 | €8,319 | €8,607 | +€288 | +3.5% |
| Transfer to tax-exempt reserves | 689 | €31,575 | €10,525 | -€21,050 | -66.7% |
| Profit (loss) for the period to be appropriated | 9905 | €22,126 | €22,245 | +€119 | +0.5% |
Source: filed annual accounts (NBB), fiscal years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.