FIBOR: 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.
FIBOR
Largest movements
- Cash -€701,572
down €701,572 (-76.8%), from €913,866 to €212,294
mainly Other debts (-€416,000) and Trade debts (-€275,809)
- Receivables within one year +€123,898
up €123,898 (+13.6%), from €911,376 to €1.0m
of which Other amounts receivable: +€133,921
- Tangible fixed assets -€36,291
down €36,291 (-8.4%), from €432,165 to €395,874
of which Plant, machinery and equipment: -€24,410
- Other debts -€416,000
down €416,000 (-94.6%), from €439,862 to €23,862
- Trade debts -€275,809
down €275,809 (-70.3%), from €392,391 to €116,582
- Reserves +€141,071
up €141,071 (+12.5%), from €1.1m to €1.3m
of which Distributable reserves: +€141,071
- Tax, wage and social debts -€64,151
down €64,151 (-21.5%), from €298,082 to €233,931
of which Taxes: -€82,151
- Gross operating margin -€674,720
down €674,720 (-39.9%), from €1.7m to €1.0m
- Taxes -€78,870
down €78,870 (-72.4%), from €108,870 to €30,000
- Staff costs +€23,774
up €23,774 (+3.3%), from €717,880 to €741,654
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €2,358,122 | €1,743,233 | -€614,889 | -26.1% |
| Fixed assets | 21/28 | €439,465 | €403,076 | -€36,388 | -8.3% |
| Intangible fixed assets | 21 | €7,203 | €7,203 | = | 0.0% |
| Tangible fixed assets | 22/27 | €432,165 | €395,874 | -€36,291 | -8.4% |
| Land and buildings | 22 | €186,357 | €184,503 | -€1,854 | -1.0% |
| Plant, machinery and equipment | 23 | €95,625 | €71,215 | -€24,410 | -25.5% |
| Furniture and vehicles | 24 | €63,501 | €53,474 | -€10,027 | -15.8% |
| Other tangible fixed assets | 26 | €86,682 | €86,682 | = | 0.0% |
| Financial fixed assets | 28 | €97 | - | -€97 | |
| Current assets | 29/58 | €1,918,658 | €1,340,157 | -€578,501 | -30.2% |
| Stocks and contracts in progress | 3 | €92,588 | €92,588 | = | 0.0% |
| Stocks | 30/36 | €92,588 | €92,588 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €911,376 | €1,035,274 | +€123,898 | +13.6% |
| Trade receivables | 40 | €138,066 | €128,043 | -€10,023 | -7.3% |
| Other amounts receivable | 41 | €773,311 | €907,231 | +€133,921 | +17.3% |
| Cash at bank and in hand | 54/58 | €913,866 | €212,294 | -€701,572 | -76.8% |
| Deferred charges and accrued income | 490/1 | €827 | €0 | -€827 | -100.0% |
| Total equity and liabilities | 10/49 | €2,358,122 | €1,743,233 | -€614,889 | -26.1% |
| Equity | 10/15 | €1,227,787 | €1,368,858 | +€141,071 | +11.5% |
| Contributions | 10/11 | €99,157 | €99,157 | = | 0.0% |
| Capital | 10 | €99,157 | €99,157 | = | 0.0% |
| Issued capital | 100 | €99,157 | €99,157 | = | 0.0% |
| Reserves | 13 | €1,128,629 | €1,269,700 | +€141,071 | +12.5% |
| Non-distributable reserves | 130/1 | €6,075 | €6,075 | = | 0.0% |
| Legal reserve | 130 | €6,075 | €6,075 | = | 0.0% |
| Tax-exempt reserves | 132 | €1,983 | €1,983 | = | 0.0% |
| Distributable reserves | 133 | €1,120,572 | €1,261,642 | +€141,071 | +12.6% |
| Amounts payable | 17/49 | €1,130,335 | €374,376 | -€755,960 | -66.9% |
| Amounts payable within one year | 42/48 | €1,130,335 | €374,376 | -€755,960 | -66.9% |
| Trade debts | 44 | €392,391 | €116,582 | -€275,809 | -70.3% |
| Suppliers | 440/4 | €392,391 | €116,582 | -€275,809 | -70.3% |
| Taxes, remuneration and social security | 45 | €298,082 | €233,931 | -€64,151 | -21.5% |
| Taxes | 450/3 | €249,281 | €167,130 | -€82,151 | -33.0% |
| Remuneration and social security | 454/9 | €48,801 | €66,801 | +€18,000 | +36.9% |
| Other amounts payable | 47/48 | €439,862 | €23,862 | -€416,000 | -94.6% |
| Remuneration, social security and pensions | 62 | €717,880 | €741,654 | +€23,774 | +3.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €23,965 | €36,392 | +€12,427 | +51.9% |
| Other operating charges | 640/8 | €30,050 | €33,143 | +€3,093 | +10.3% |
| Gross operating margin | 9900 | €1,691,357 | €1,016,637 | -€674,720 | -39.9% |
| Operating profit (loss) | 9901 | €919,461 | €205,447 | -€714,014 | -77.7% |
| Financial income | 75/76B | €2,655 | - | -€2,655 | |
| Recurring financial income | 75 | €2,655 | - | -€2,655 | |
| Financial charges | 65/66B | €41,801 | €34,376 | -€7,425 | -17.8% |
| Recurring financial charges | 65 | €41,801 | €34,376 | -€7,425 | -17.8% |
| Profit (loss) for the period before taxes | 9903 | €880,315 | €171,071 | -€709,244 | -80.6% |
| Income taxes | 67/77 | €108,870 | €30,000 | -€78,870 | -72.4% |
| Profit (loss) for the period | 9904 | €771,445 | €141,071 | -€630,375 | -81.7% |
| Profit (loss) for the period to be appropriated | 9905 | €771,445 | €141,071 | -€630,375 | -81.7% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 9 October 2026 via checked.be.