FIBUD: 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.
FIBUD
Largest movements
- Cash -€33,481
down €33,481 (-29.9%), from €112,064 to €78,583
mainly Other debts (-€52,857) and Contributions, distributions and other (-€7,143)
- Receivables within one year +€4,040
up €4,040 (+49.0%), from €8,251 to €12,291
of which Trade receivables: +€2,288
- Tangible fixed assets +€3,485
up €3,485 (+136.7%), from €2,550 to €6,035
of which Furniture and vehicles: +€4,073
- Deferred charges and accrued income -€2,504
down €2,504 (-21.8%), from €11,492 to €8,988
- Other debts -€52,857
down €52,857 (-86.3%), from €61,220 to €8,363
- Reserves +€20,000
up €20,000 (+97.0%), from €20,620 to €40,620
- Profit (loss) carried forward +€2,191
up €2,191 (+5.2%), from €42,104 to €44,295
- Tax, wage and social debts +€1,506
up €1,506 (+37.2%), from €4,048 to €5,554
- Gross operating margin -€13,138
down €13,138 (-23.0%), from €57,102 to €43,964
- Taxes -€8,575
down €8,575 (-45.2%), from €18,975 to €10,400
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 | €134,357 | €105,897 | -€28,460 | -21.2% |
| Fixed assets | 21/28 | €2,550 | €6,035 | +€3,485 | +136.7% |
| Tangible fixed assets | 22/27 | €2,550 | €6,035 | +€3,485 | +136.7% |
| Furniture and vehicles | 24 | €8 | €4,081 | +€4,073 | +52290.9% |
| Other tangible fixed assets | 26 | €2,542 | €1,953 | -€588 | -23.1% |
| Current assets | 29/58 | €131,808 | €99,863 | -€31,945 | -24.2% |
| Amounts receivable within one year | 40/41 | €8,251 | €12,291 | +€4,040 | +49.0% |
| Trade receivables | 40 | €8,251 | €10,539 | +€2,288 | +27.7% |
| Other amounts receivable | 41 | - | €1,752 | +€1,752 | |
| Cash at bank and in hand | 54/58 | €112,064 | €78,583 | -€33,481 | -29.9% |
| Deferred charges and accrued income | 490/1 | €11,492 | €8,988 | -€2,504 | -21.8% |
| Total equity and liabilities | 10/49 | €134,357 | €105,897 | -€28,460 | -21.2% |
| Equity | 10/15 | €68,924 | €91,115 | +€22,191 | +32.2% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €20,620 | €40,620 | +€20,000 | +97.0% |
| Distributable reserves | 133 | €20,620 | €40,620 | +€20,000 | +97.0% |
| Profit (loss) carried forward | 14 | €42,104 | €44,295 | +€2,191 | +5.2% |
| Amounts payable | 17/49 | €65,433 | €14,783 | -€50,650 | -77.4% |
| Amounts payable within one year | 42/48 | €65,433 | €14,783 | -€50,650 | -77.4% |
| Trade debts | 44 | €165 | €866 | +€700 | +423.7% |
| Suppliers | 440/4 | €165 | €866 | +€700 | +423.7% |
| Taxes, remuneration and social security | 45 | €4,048 | €5,554 | +€1,506 | +37.2% |
| Taxes | 450/3 | €4,048 | €5,554 | +€1,506 | +37.2% |
| Other amounts payable | 47/48 | €61,220 | €8,363 | -€52,857 | -86.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,171 | €1,541 | +€370 | +31.6% |
| Other operating charges | 640/8 | €879 | €501 | -€378 | -43.0% |
| Gross operating margin | 9900 | €57,102 | €43,964 | -€13,138 | -23.0% |
| Operating profit (loss) | 9901 | €55,052 | €41,922 | -€13,130 | -23.9% |
| Financial income | 75/76B | €34 | €13 | -€22 | -62.7% |
| Recurring financial income | 75 | €34 | €13 | -€22 | -62.7% |
| Financial charges | 65/66B | €1,704 | €2,201 | +€497 | +29.2% |
| Recurring financial charges | 65 | €1,704 | €2,201 | +€497 | +29.2% |
| Profit (loss) for the period before taxes | 9903 | €53,383 | €39,733 | -€13,649 | -25.6% |
| Income taxes | 67/77 | €18,975 | €10,400 | -€8,575 | -45.2% |
| Profit (loss) for the period | 9904 | €34,408 | €29,333 | -€5,074 | -14.7% |
| Profit (loss) for the period to be appropriated | 9905 | €34,408 | €29,333 | -€5,074 | -14.7% |
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 2 October 2026 via checked.be.