FIBREX: 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
FIBREX
NACE 46.150, Agents in the wholesale of furniture, household goods and hardware
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€2.5m
2024 · €3.6m-€1.1m
Equity
€11.3m
2024 · €8.8m+€2.5m
Cash
€73,695
2024 · €4.4m-€4.4m
Balance sheet total
€27.5m
2024 · €16.0m+€11.5m
Largest movements
Assets
- Receivables within one year +€9.5m
up €9.5m (+143.0%), from €6.6m to €16.2m
of which Trade receivables: +€8.5m
- Stocks and contracts +€6.3m
up €6.3m (+244.7%), from €2.6m to €8.8m
- Cash -€4.4m
down €4.4m (-98.3%), from €4.4m to €73,695
mainly Receivables within one year (-€9.5m) and Stocks and contracts (-€6.3m)
Equity and liabilities
- Advances received +€5.4m
up €5.4m, from €0 to €5.4m
- Trade debts +€3.8m
up €3.8m (+102.3%), from €3.7m to €7.5m
- Reserves +€2.5m
up €2.5m (+28.8%), from €8.7m to €11.2m
Income statement
- Turnover -€25.5m
down €25.5m (-31.6%), from €80.7m to €55.2m
- Goods and materials -€21.9m
down €21.9m (-30.6%), from €71.5m to €49.6m
of which Change in stocks: decrease (increase): -€18.7m
- Financial charges -€1.7m
down €1.7m (-88.4%), from €2.0m to €226,685
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
€3.6m
Turnover
-€25.5m
Other operating income
-€29,253
Goods and materials
+€21.9m
Services and other goods
+€647,375
Staff costs
-€34,000
Depreciation
-€8,072
Write-downs
-€150,970
Other operating charges
-€8,474
Financial income
-€24,877
Financial charges
+€1.7m
Taxes
+€358,261
Result 2025
€2.5m
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
-€4.3m
Investment
-€80,849
Financing
€0
Cash 2024
€4.4m
From operations (derived)
-€4.3m
Net result for the year
+€2.5m
Depreciation
+€11,091
Stocks and contracts
-€6.3m
Receivables within one year
-€9.5m
Smaller working-capital items
-€3,310
Trade debts
+€3.8m
Tax, wage and social debts
+€30,245
Advances received
+€5.4m
Other debts
-€257,707
Investment (derived)
-€80,849
Investment in fixed assets (net)
-€80,849
Cash 2025
€73,695
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €15,987,790 | €27,468,842 | +€11.5m | +71.8% |
| Fixed assets | 21/28 | €94,557 | €164,316 | +€69,759 | +73.8% |
| Tangible fixed assets | 22/27 | €93,557 | €163,316 | +€69,759 | +74.6% |
| Land and buildings | 22 | €78,714 | €78,173 | -€541 | -0.7% |
| Plant, machinery and equipment | 23 | €3,530 | €3,938 | +€409 | +11.6% |
| Furniture and vehicles | 24 | €11,314 | €81,204 | +€69,891 | +617.8% |
| Financial fixed assets | 28 | €1,000 | €1,000 | = | 0.0% |
| Other financial fixed assets | 284/8 | €1,000 | €1,000 | = | 0.0% |
| Amounts receivable and cash guarantees | 285/8 | €1,000 | €1,000 | = | 0.0% |
| Current assets | 29/58 | €15,893,233 | €27,304,527 | +€11.4m | +71.8% |
| Amounts receivable after more than one year | 29 | €2,257,944 | €2,257,944 | = | 0.0% |
| Other amounts receivable | 291 | €2,257,944 | €2,257,944 | = | 0.0% |
| Stocks and contracts in progress | 3 | €2,555,461 | €8,808,991 | +€6.3m | +244.7% |
| Stocks | 30/36 | €2,555,461 | €8,808,991 | +€6.3m | +244.7% |
| Goods purchased for resale | 34 | €2,555,461 | €8,808,991 | +€6.3m | +244.7% |
| Amounts receivable within one year | 40/41 | €6,649,122 | €16,155,776 | +€9.5m | +143.0% |
| Trade receivables | 40 | €5,521,406 | €14,027,759 | +€8.5m | +154.1% |
| Other amounts receivable | 41 | €1,127,716 | €2,128,017 | +€1.0m | +88.7% |
| Cash at bank and in hand | 54/58 | €4,426,414 | €73,695 | -€4.4m | -98.3% |
| Deferred charges and accrued income | 490/1 | €4,293 | €8,120 | +€3,828 | +89.2% |
| Total equity and liabilities | 10/49 | €15,987,790 | €27,468,842 | +€11.5m | +71.8% |
| Equity | 10/15 | €8,808,962 | €11,311,973 | +€2.5m | +28.4% |
| Contributions | 10/11 | €106,230 | €106,230 | = | 0.0% |
| Reserves | 13 | €8,702,732 | €11,205,743 | +€2.5m | +28.8% |
| Distributable reserves | 133 | €8,702,732 | €11,205,743 | +€2.5m | +28.8% |
| Amounts payable | 17/49 | €7,178,828 | €16,156,870 | +€9.0m | +125.1% |
| Amounts payable within one year | 42/48 | €7,172,027 | €16,149,551 | +€9.0m | +125.2% |
| Financial debts | 43 | €0 | - | = | |
| Credit institutions | 430/8 | €0 | - | = | |
| Trade debts | 44 | €3,709,104 | €7,503,082 | +€3.8m | +102.3% |
| Suppliers | 440/4 | €3,709,104 | €7,503,082 | +€3.8m | +102.3% |
| Advances received on contracts in progress | 46 | €0 | €5,411,007 | +€5.4m | |
| Taxes, remuneration and social security | 45 | €26,381 | €56,626 | +€30,245 | +114.6% |
| Taxes | 450/3 | €7,404 | €28,561 | +€21,157 | +285.7% |
| Remuneration and social security | 454/9 | €18,977 | €28,066 | +€9,088 | +47.9% |
| Other amounts payable | 47/48 | €3,436,542 | €3,178,835 | -€257,707 | -7.5% |
| Accrued charges and deferred income | 492/3 | €6,801 | €7,319 | +€518 | +7.6% |
| Operating income | 70/76A | €80,767,895 | €55,257,625 | -€25.5m | -31.6% |
| Turnover | 70 | €80,719,857 | €55,238,839 | -€25.5m | -31.6% |
| Other operating income | 74 | €48,038 | €18,785 | -€29,253 | -60.9% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Operating charges | 60/66A | €74,094,587 | €51,728,127 | -€22.4m | -30.2% |
| Goods for resale, raw materials and consumables | 60 | €71,532,837 | €49,612,236 | -€21.9m | -30.6% |
| Purchases | 600/8 | €59,196,644 | €56,016,737 | -€3.2m | -5.4% |
| Change in stocks: decrease (increase) | 609 | €12,336,193 | -€6,404,500 | -€18.7m | |
| Services and other goods | 61 | €2,338,721 | €1,691,346 | -€647,375 | -27.7% |
| Remuneration, social security and pensions | 62 | €204,268 | €238,268 | +€34,000 | +16.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,019 | €11,091 | +€8,072 | +267.4% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €150,970 | +€150,970 | |
| Other operating charges | 640/8 | €15,742 | €24,216 | +€8,474 | +53.8% |
| Operating profit (loss) | 9901 | €6,673,308 | €3,529,498 | -€3.1m | -47.1% |
| Financial income | 75/76B | €85,285 | €60,409 | -€24,877 | -29.2% |
| Recurring financial income | 75 | €85,285 | €60,409 | -€24,877 | -29.2% |
| Income from current assets | 751 | €85,283 | €59,956 | -€25,327 | -29.7% |
| Other financial income | 752/9 | €3 | €453 | +€450 | +17042.0% |
| Financial charges | 65/66B | €1,960,297 | €226,685 | -€1.7m | -88.4% |
| Recurring financial charges | 65 | €1,960,297 | €226,685 | -€1.7m | -88.4% |
| Debt charges | 650 | €634,135 | €143,501 | -€490,634 | -77.4% |
| Write-downs on current assets other than stocks, contracts in progress and trade receivables: additions (reversals) | 651 | €1,247,581 | €0 | -€1.2m | -100.0% |
| Other financial charges | 652/9 | €78,581 | €83,183 | +€4,602 | +5.9% |
| Profit (loss) for the period before taxes | 9903 | €4,798,296 | €3,363,222 | -€1.4m | -29.9% |
| Income taxes | 67/77 | €1,218,473 | €860,212 | -€358,261 | -29.4% |
| Taxes | 670/3 | €1,218,473 | €860,212 | -€358,261 | -29.4% |
| Profit (loss) for the period | 9904 | €3,579,823 | €2,503,011 | -€1.1m | -30.1% |
| Profit (loss) for the period to be appropriated | 9905 | €3,579,823 | €2,503,011 | -€1.1m | -30.1% |
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 30 September 2026 via checked.be.