FIBRACO: 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.
What changed
FIBRACO
NACE 70.200, Business and other management consultancy
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€11.1m
2024 · €589,279+€10.6m
Equity
€18.7m
2024 · €7.6m+€11.1m
Cash
€825,451
2024 · €546,560+€278,891
Balance sheet total
€19.3m
2024 · €7.6m+€11.7m
Largest movements
Assets
- Receivables within one year +€13.7m
up €13.7m (+15599.7%), from €87,859 to €13.8m
of which Other amounts receivable: +€13.7m
- Financial fixed assets -€2.4m
down €2.4m (-85.7%), from €2.8m to €400,357
of which Affiliated companies: -€2.8m
- Cash +€278,891
up €278,891 (+51.0%), from €546,560 to €825,451
mainly Net result for the year (+€11.1m) and Investment in fixed assets (net) (+€2.4m)
Equity and liabilities
- Reserves +€11.1m
up €11.1m (+248.4%), from €4.5m to €15.6m
- Tax, wage and social debts +€549,901
up €549,901 (+6283.9%), from €8,751 to €558,652
of which Taxes: +€552,566
Income statement
- Financial income +€11.3m
up €11.3m (+7506.4%), from €150,715 to €11.5m
- Turnover -€656,750
no longer reported in 2025 (was €656,750)
- Taxes +€580,401
up €580,401 (+387.4%), from €149,835 to €730,236
- Gross operating margin +€506,028
new in 2025: €506,028
- Services and other goods -€112,832
no longer reported in 2025 (was €112,832)
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.
Result 2024
€589,279
Turnover
-€656,750
Other operating income
-€63,025
Services and other goods
+€112,832
Depreciation
+€8,304
Other operating charges
-€3,956
Other operating items
+€506,028
Financial income
+€11.3m
Financial charges
-€81,532
Taxes
-€580,401
Result 2025
€11.1m
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.
From operations
-€2.1m
Investment
+€2.4m
Financing
€0
Cash 2024
€546,560
From operations (derived)
-€2.1m
Net result for the year
+€11.1m
Depreciation
+€83,088
Receivables within one year
-€13.7m
Deferred charges and accrued income
-€158,946
Smaller working-capital items
-€32,473
Tax, wage and social debts
+€549,901
Investment (derived)
+€2.4m
Investment in fixed assets (net)
+€2.4m
Current investments
-€2,396
Cash 2025
€825,451
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €7,643,450 | €19,304,872 | +€11.7m | +152.6% |
| Fixed assets | 21/28 | €3,446,999 | €962,391 | -€2.5m | -72.1% |
| Tangible fixed assets | 22/27 | €645,123 | €562,034 | -€83,088 | -12.9% |
| Land and buildings | 22 | €530,235 | €468,814 | -€61,421 | -11.6% |
| Furniture and vehicles | 24 | €110,889 | €90,720 | -€20,169 | -18.2% |
| Other tangible fixed assets | 26 | €3,998 | €2,500 | -€1,498 | -37.5% |
| Financial fixed assets | 28 | €2,801,876 | €400,357 | -€2.4m | -85.7% |
| Affiliated companies | 280/1 | €2,801,678 | - | -€2.8m | |
| Participating interests | 280 | €1,951,678 | - | -€2.0m | |
| Amounts receivable | 281 | €850,000 | - | -€850,000 | |
| Other financial fixed assets | 284/8 | €198 | - | -€198 | |
| Amounts receivable and cash guarantees | 285/8 | €198 | - | -€198 | |
| Current assets | 29/58 | €4,196,452 | €18,342,481 | +€14.1m | +337.1% |
| Stocks and contracts in progress | 3 | €0 | - | = | |
| Amounts receivable within one year | 40/41 | €87,859 | €13,793,657 | +€13.7m | +15599.7% |
| Trade receivables | 40 | €0 | €9,680 | +€9,680 | |
| Other amounts receivable | 41 | €87,859 | €13,783,977 | +€13.7m | +15588.7% |
| Current investments | 50/53 | €3,524,418 | €3,526,813 | +€2,396 | +0.1% |
| Other investments | 51/53 | €3,524,418 | - | -€3.5m | |
| Cash at bank and in hand | 54/58 | €546,560 | €825,451 | +€278,891 | +51.0% |
| Deferred charges and accrued income | 490/1 | €37,615 | €196,561 | +€158,946 | +422.6% |
| Total equity and liabilities | 10/49 | €7,643,450 | €19,304,872 | +€11.7m | +152.6% |
| Equity | 10/15 | €7,573,778 | €18,717,772 | +€11.1m | +147.1% |
| Contributions | 10/11 | €3,085,800 | €3,085,800 | = | 0.0% |
| Reserves | 13 | €4,485,000 | €15,625,000 | +€11.1m | +248.4% |
| Distributable reserves | 133 | €4,485,000 | €15,625,000 | +€11.1m | +248.4% |
| Profit (loss) carried forward | 14 | €2,978 | €6,972 | +€3,994 | +134.1% |
| Amounts payable | 17/49 | €69,672 | €587,100 | +€517,428 | +742.7% |
| Amounts payable within one year | 42/48 | €69,672 | €587,100 | +€517,428 | +742.7% |
| Trade debts | 44 | €2,698 | €904 | -€1,794 | -66.5% |
| Suppliers | 440/4 | €2,698 | €904 | -€1,794 | -66.5% |
| Taxes, remuneration and social security | 45 | €8,751 | €558,652 | +€549,901 | +6283.9% |
| Taxes | 450/3 | €6,087 | €558,652 | +€552,566 | +9078.5% |
| Remuneration and social security | 454/9 | €2,664 | €0 | -€2,664 | -100.0% |
| Other amounts payable | 47/48 | €58,223 | €27,544 | -€30,679 | -52.7% |
| Operating income | 70/76A | €719,775 | - | -€719,775 | |
| Turnover | 70 | €656,750 | - | -€656,750 | |
| Other operating income | 74 | €63,025 | - | -€63,025 | |
| Non-recurring operating income | 76A | €0 | - | = | |
| Operating charges | 60/66A | €212,954 | - | -€212,954 | |
| Services and other goods | 61 | €112,832 | - | -€112,832 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €91,392 | €83,088 | -€8,304 | -9.1% |
| Other operating charges | 640/8 | €8,730 | €12,686 | +€3,956 | +45.3% |
| Gross operating margin | 9900 | - | €506,028 | +€506,028 | |
| Operating profit (loss) | 9901 | €506,821 | €410,254 | -€96,568 | -19.1% |
| Financial income | 75/76B | €150,715 | €11,463,930 | +€11.3m | +7506.4% |
| Recurring financial income | 75 | €150,715 | €11,463,930 | +€11.3m | +7506.4% |
| Income from financial fixed assets | 750 | €46,605 | - | -€46,605 | |
| Income from current assets | 751 | €88,966 | - | -€88,966 | |
| Other financial income | 752/9 | €15,144 | - | -€15,144 | |
| Financial charges | 65/66B | -€81,578 | -€46 | +€81,532 | +99.9% |
| Recurring financial charges | 65 | -€81,578 | -€46 | +€81,532 | +99.9% |
| Debt charges | 650 | €26,511 | - | -€26,511 | |
| Write-downs on current assets other than stocks, contracts in progress and trade receivables: additions (reversals) | 651 | -€116,205 | - | +€116,205 | |
| Other financial charges | 652/9 | €8,116 | - | -€8,116 | |
| Profit (loss) for the period before taxes | 9903 | €739,114 | €11,874,230 | +€11.1m | +1506.5% |
| Income taxes | 67/77 | €149,835 | €730,236 | +€580,401 | +387.4% |
| Taxes | 670/3 | €149,835 | - | -€149,835 | |
| Profit (loss) for the period | 9904 | €589,279 | €11,143,994 | +€10.6m | +1791.1% |
| Profit (loss) for the period to be appropriated | 9905 | €589,279 | €11,143,994 | +€10.6m | +1791.1% |
Source: filed annual accounts (NBB), fiscal years ended 31 May 2024 and 31 May 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.