CV FID: what changed
Two financial 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.
CV FID
Largest movements
- Cash -€21,810
down €21,810 (-19.8%), from €110,356 to €88,546
mainly Contributions, distributions and other (-€250,000) and Current portion of long-term debt (-€10,388)
- Receivables within one year +€7,568
up €7,568 (+11.4%), from €66,113 to €73,682
- Reserves -€125,448
down €125,448 (-27.2%), from €460,845 to €335,398
- Other debts +€106,154
up €106,154 (+220%), from €48,216 to €154,370
- Tax, wage and social debts +€15,848
up €15,848 (+64.0%), from €24,756 to €40,604
- Current portion of long-term debt -€10,388
down €10,388 (-60.8%), from €17,079 to €6,691
- Debts after one year -€6,691
down €6,691 (-20.1%), from €33,258 to €26,567
of which Other amounts payable: -€22,000
- Gross operating margin +€31,601
up €31,601 (+25.9%), from €122,068 to €153,669
- Financial income +€9,750
up €9,750 (+95.1%), from €10,250 to €20,000
- Taxes +€8,097
up €8,097 (+26.4%), from €30,616 to €38,713
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.
Derived cash bridge
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 | €595,537 | €577,007 | -€18,530 | -3.1% |
| Fixed assets | 21/28 | €418,497 | €414,196 | -€4,301 | -1.0% |
| Tangible fixed assets | 22/27 | €18,497 | €14,196 | -€4,301 | -23.3% |
| Furniture and vehicles | 24 | €18,497 | €14,196 | -€4,301 | -23.3% |
| Other tangible fixed assets | 26 | €0 | €0 | = | |
| Financial fixed assets | 28 | €400,000 | €400,000 | = | 0.0% |
| Current assets | 29/58 | €177,041 | €162,811 | -€14,229 | -8.0% |
| Amounts receivable within one year | 40/41 | €66,113 | €73,682 | +€7,568 | +11.4% |
| Trade receivables | 40 | €66,113 | €73,682 | +€7,568 | +11.4% |
| Cash at bank and in hand | 54/58 | €110,356 | €88,546 | -€21,810 | -19.8% |
| Deferred charges and accrued income | 490/1 | €571 | €584 | +€12 | +2.2% |
| Total equity and liabilities | 10/49 | €595,537 | €577,007 | -€18,530 | -3.1% |
| Equity | 10/15 | €470,845 | €345,398 | -€125,448 | -26.6% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Reserves | 13 | €460,845 | €335,398 | -€125,448 | -27.2% |
| Distributable reserves | 133 | €460,845 | €335,398 | -€125,448 | -27.2% |
| Amounts payable | 17/49 | €124,692 | €231,610 | +€106,918 | +85.7% |
| Amounts payable after more than one year | 17 | €33,258 | €26,567 | -€6,691 | -20.1% |
| Financial debts | 170/4 | €11,258 | €26,567 | +€15,309 | +136% |
| Other amounts payable | 178/9 | €22,000 | - | -€22,000 | |
| Amounts payable within one year | 42/48 | €90,334 | €205,043 | +€114,709 | +127% |
| Current portion of amounts payable after more than one year | 42 | €17,079 | €6,691 | -€10,388 | -60.8% |
| Trade debts | 44 | €283 | €3,378 | +€3,095 | +1,094% |
| Suppliers | 440/4 | €283 | €3,378 | +€3,095 | +1,094% |
| Taxes, remuneration and social security | 45 | €24,756 | €40,604 | +€15,848 | +64.0% |
| Taxes | 450/3 | €24,756 | €40,604 | +€15,848 | +64.0% |
| Other amounts payable | 47/48 | €48,216 | €154,370 | +€106,154 | +220% |
| Accrued charges and deferred income | 492/3 | €1,100 | - | -€1,100 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,483 | €7,772 | +€289 | +3.9% |
| Other operating charges | 640/8 | €809 | €764 | -€44 | -5.5% |
| Gross operating margin | 9900 | €122,068 | €153,669 | +€31,601 | +25.9% |
| Operating profit (loss) | 9901 | €113,776 | €145,133 | +€31,357 | +27.6% |
| Financial income | 75/76B | €10,250 | €20,000 | +€9,750 | +95.1% |
| Recurring financial income | 75 | €10,250 | €20,000 | +€9,750 | +95.1% |
| Financial charges | 65/66B | €2,235 | €1,868 | -€367 | -16.4% |
| Recurring financial charges | 65 | €2,235 | €1,868 | -€367 | -16.4% |
| Profit (loss) for the period before taxes | 9903 | €121,791 | €163,265 | +€41,474 | +34.1% |
| Income taxes | 67/77 | €30,616 | €38,713 | +€8,097 | +26.4% |
| Profit (loss) for the period | 9904 | €91,175 | €124,552 | +€33,377 | +36.6% |
| Profit (loss) for the period to be appropriated | 9905 | €91,175 | €124,552 | +€33,377 | +36.6% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 27 October 2026 via checked.be.