FIBRA: 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.
FIBRA
Largest movements
- Receivables within one year +€78,676
up €78,676 (+641.4%), from €12,266 to €90,942
of which Other amounts receivable: +€72,591
- Cash -€55,439
down €55,439 (-74.2%), from €74,734 to €19,295
mainly Receivables within one year (-€78,676) and Investment in fixed assets (net) (-€1,156)
- Profit (loss) carried forward +€16,987
up €16,987 (+30.5%), from €55,679 to €72,667
- Tax, wage and social debts +€5,674
up €5,674 (+27.4%), from €20,731 to €26,405
of which Taxes: +€3,221
- Purchases and services +€35,171
up €35,171 (+50.6%), from €69,501 to €104,672
- Gross operating margin -€18,897
down €18,897 (-37.7%), from €50,149 to €31,252
- Turnover +€16,505
up €16,505 (+14.2%), from €116,370 to €132,875
- Taxes -€2,863
down €2,863 (-28.1%), from €10,170 to €7,307
- Other operating charges +€1,675
up €1,675 (+202.1%), from €829 to €2,504
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 | €87,612 | €111,282 | +€23,670 | +27.0% |
| Fixed assets | 21/28 | €612 | €1,045 | +€433 | +70.8% |
| Intangible fixed assets | 21 | €612 | - | -€612 | |
| Tangible fixed assets | 22/27 | - | €1,045 | +€1,045 | |
| Furniture and vehicles | 24 | - | €1,045 | +€1,045 | |
| Current assets | 29/58 | €87,000 | €110,237 | +€23,237 | +26.7% |
| Amounts receivable within one year | 40/41 | €12,266 | €90,942 | +€78,676 | +641.4% |
| Trade receivables | 40 | €9,615 | €15,700 | +€6,085 | +63.3% |
| Other amounts receivable | 41 | €2,651 | €75,242 | +€72,591 | +2738.5% |
| Cash at bank and in hand | 54/58 | €74,734 | €19,295 | -€55,439 | -74.2% |
| Total equity and liabilities | 10/49 | €87,612 | €111,282 | +€23,670 | +27.0% |
| Equity | 10/15 | €65,679 | €82,667 | +€16,987 | +25.9% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Contributions outside capital | 11 | €10,000 | €10,000 | = | 0.0% |
| Other | 1109/19 | €10,000 | €10,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €55,679 | €72,667 | +€16,987 | +30.5% |
| Amounts payable | 17/49 | €21,933 | €28,616 | +€6,683 | +30.5% |
| Amounts payable within one year | 42/48 | €21,933 | €28,616 | +€6,683 | +30.5% |
| Trade debts | 44 | €1,202 | €2,210 | +€1,009 | +84.0% |
| Suppliers | 440/4 | €1,202 | €2,210 | +€1,009 | +84.0% |
| Taxes, remuneration and social security | 45 | €20,731 | €26,405 | +€5,674 | +27.4% |
| Taxes | 450/3 | €20,731 | €23,952 | +€3,221 | +15.5% |
| Remuneration and social security | 454/9 | - | €2,453 | +€2,453 | |
| Turnover | 70 | €116,370 | €132,875 | +€16,505 | +14.2% |
| Goods, raw materials, services and sundry goods | 60/61 | €69,501 | €104,672 | +€35,171 | +50.6% |
| Remuneration, social security and pensions | 62 | €1,235 | - | -€1,235 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €614 | €723 | +€109 | +17.8% |
| Other operating charges | 640/8 | €829 | €2,504 | +€1,675 | +202.1% |
| Gross operating margin | 9900 | €50,149 | €31,252 | -€18,897 | -37.7% |
| Operating profit (loss) | 9901 | €47,472 | €28,025 | -€19,446 | -41.0% |
| Financial income | 75/76B | €7 | - | -€7 | |
| Recurring financial income | 75 | €7 | - | -€7 | |
| Financial charges | 65/66B | €2,334 | €3,731 | +€1,397 | +59.8% |
| Recurring financial charges | 65 | €2,334 | €3,731 | +€1,397 | +59.8% |
| Profit (loss) for the period before taxes | 9903 | €45,144 | €24,294 | -€20,850 | -46.2% |
| Income taxes | 67/77 | €10,170 | €7,307 | -€2,863 | -28.1% |
| Profit (loss) for the period | 9904 | €34,975 | €16,987 | -€17,987 | -51.4% |
| Profit (loss) for the period to be appropriated | 9905 | €34,975 | €16,987 | -€17,987 | -51.4% |
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 12 October 2026 via checked.be.