FABY: 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.
FABY
Largest movements
- Tangible fixed assets -€39,934
down €39,934 (-2.0%), from €2.0m to €2.0m
of which Land and buildings: -€86,287
- Receivables within one year -€26,996
down €26,996 (-42.4%), from €63,691 to €36,695
of which Other amounts receivable: -€18,532
- Other debts +€80,371
up €80,371 (+1069.3%), from €7,516 to €87,887
- Profit (loss) carried forward -€67,735
down €67,735 (-41.9%), from -€161,636 to -€229,371
- Reserves -€27,460
down €27,460 (-5.8%), from €472,192 to €444,732
of which Tax-exempt reserves: -€27,460
- Financial charges -€23,284
down €23,284 (-21.0%), from €110,624 to €87,339
- Other operating charges +€6,857
up €6,857 (+50.5%), from €13,570 to €20,427
- Write-downs -€4,839
down €4,839 (-95.2%), from €5,085 to €245
- Depreciation +€3,894
up €3,894 (+4.5%), from €86,332 to €90,226
- Financial income -€3,480
down €3,480 (-98.4%), from €3,536 to €56
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 | €2,628,931 | €2,563,578 | -€65,353 | -2.5% |
| Fixed assets | 21/28 | €2,533,966 | €2,494,032 | -€39,934 | -1.6% |
| Tangible fixed assets | 22/27 | €1,997,428 | €1,957,493 | -€39,934 | -2.0% |
| Land and buildings | 22 | €1,728,901 | €1,642,613 | -€86,287 | -5.0% |
| Plant, machinery and equipment | 23 | €7,714 | €39,880 | +€32,166 | +417.0% |
| Assets under construction and advance payments | 27 | €260,813 | €275,000 | +€14,187 | +5.4% |
| Financial fixed assets | 28 | €536,538 | €536,538 | = | 0.0% |
| Current assets | 29/58 | €94,965 | €69,547 | -€25,419 | -26.8% |
| Amounts receivable within one year | 40/41 | €63,691 | €36,695 | -€26,996 | -42.4% |
| Trade receivables | 40 | €45,159 | €36,695 | -€8,464 | -18.7% |
| Other amounts receivable | 41 | €18,532 | €0 | -€18,532 | -100.0% |
| Cash at bank and in hand | 54/58 | €31,234 | €31,874 | +€640 | +2.0% |
| Deferred charges and accrued income | 490/1 | €41 | €978 | +€937 | +2291.6% |
| Total equity and liabilities | 10/49 | €2,628,931 | €2,563,578 | -€65,353 | -2.5% |
| Equity | 10/15 | €372,556 | €277,361 | -€95,195 | -25.6% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €472,192 | €444,732 | -€27,460 | -5.8% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Tax-exempt reserves | 132 | €465,992 | €438,532 | -€27,460 | -5.9% |
| Profit (loss) carried forward | 14 | -€161,636 | -€229,371 | -€67,735 | -41.9% |
| Provisions and deferred taxes | 16 | €0 | - | = | |
| Deferred taxes | 168 | €0 | - | = | |
| Amounts payable | 17/49 | €2,256,375 | €2,286,217 | +€29,842 | +1.3% |
| Amounts payable after more than one year | 17 | €52,308 | €33,846 | -€18,462 | -35.3% |
| Financial debts | 170/4 | €52,308 | €33,846 | -€18,462 | -35.3% |
| Amounts payable within one year | 42/48 | €2,193,046 | €2,243,821 | +€50,775 | +2.3% |
| Current portion of amounts payable after more than one year | 42 | €39,890 | €18,462 | -€21,429 | -53.7% |
| Financial debts | 43 | €2,120,000 | €2,120,000 | = | 0.0% |
| Credit institutions | 430/8 | €2,120,000 | €2,120,000 | = | 0.0% |
| Trade debts | 44 | €25,640 | €17,409 | -€8,231 | -32.1% |
| Suppliers | 440/4 | €25,640 | €17,409 | -€8,231 | -32.1% |
| Taxes, remuneration and social security | 45 | - | €64 | +€64 | |
| Taxes | 450/3 | - | €64 | +€64 | |
| Other amounts payable | 47/48 | €7,516 | €87,887 | +€80,371 | +1069.3% |
| Accrued charges and deferred income | 492/3 | €11,021 | €8,550 | -€2,471 | -22.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €86,332 | €90,226 | +€3,894 | +4.5% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €5,085 | €245 | -€4,839 | -95.2% |
| Other operating charges | 640/8 | €13,570 | €20,427 | +€6,857 | +50.5% |
| Gross operating margin | 9900 | €103,194 | €102,987 | -€207 | -0.2% |
| Operating profit (loss) | 9901 | -€1,792 | -€7,912 | -€6,120 | -341.5% |
| Financial income | 75/76B | €3,536 | €56 | -€3,480 | -98.4% |
| Recurring financial income | 75 | €3,536 | €56 | -€3,480 | -98.4% |
| Financial charges | 65/66B | €110,624 | €87,339 | -€23,284 | -21.0% |
| Recurring financial charges | 65 | €110,624 | €87,339 | -€23,284 | -21.0% |
| Profit (loss) for the period before taxes | 9903 | -€108,880 | -€95,195 | +€13,685 | +12.6% |
| Transfer from deferred taxes | 780 | €0 | - | = | |
| Profit (loss) for the period | 9904 | -€108,880 | -€95,195 | +€13,685 | +12.6% |
| Transfer from tax-exempt reserves | 789 | €28,712 | €27,460 | -€1,252 | -4.4% |
| Profit (loss) for the period to be appropriated | 9905 | -€80,168 | -€67,735 | +€12,433 | +15.5% |
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 4 October 2026 via checked.be.