In the paper Fe82Nb2B16, Fe80Nb2B18 and Fe78Nb2B20 amorphous alloys, obtained by melt spinning, were examined. It was shown that the alloys studied in the as quenched state and in the relaxed amorphous state or in nanocrystalline state (after a suitable annealing) belong to very good soft magnetic materials with relatively high resistivity. The influence of annealing on brittleness as well as magnetic and electric properties measured at room temperature was examined. A correlation between sample microstructure (in the as quenched state and after annealing) and different physical properties is discussed. It was shown that the observed changes of relative magnetic permeability can be explained by changes of magnetoelastic energy, concentration of microvoids frozen during production process, effective anisotropy constant and magnetic polarisation.