F.C.V.: 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.
F.C.V.
Largest movements
- Tangible fixed assets -€23,696
down €23,696 (-29.4%), from €80,510 to €56,814
of which Furniture and vehicles: -€25,084
- Cash -€19,765
down €19,765 (-24.0%), from €82,198 to €62,432
mainly Debts after one year (-€19,569) and Stocks and contracts (-€12,956)
- Stocks and contracts +€12,956
up €12,956 (+14.8%), from €87,357 to €100,313
- Receivables within one year +€4,247
up €4,247 (+5.4%), from €78,519 to €82,766
of which Other amounts receivable: +€8,922
- Debts after one year -€19,569
down €19,569 (-39.5%), from €49,600 to €30,031
- Trade debts -€7,400
down €7,400 (-30.1%), from €24,589 to €17,189
- Other debts +€6,024
up €6,024 (+131.6%), from €4,578 to €10,602
- Gross operating margin -€22,871
down €22,871 (-6.6%), from €347,000 to €324,129
- Staff costs -€9,851
down €9,851 (-3.2%), from €303,946 to €294,095
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 | €338,845 | €314,228 | -€24,617 | -7.3% |
| Fixed assets | 21/28 | €80,650 | €56,954 | -€23,696 | -29.4% |
| Tangible fixed assets | 22/27 | €80,510 | €56,814 | -€23,696 | -29.4% |
| Plant, machinery and equipment | 23 | €687 | €2,404 | +€1,717 | +249.7% |
| Furniture and vehicles | 24 | €78,792 | €53,708 | -€25,084 | -31.8% |
| Other tangible fixed assets | 26 | €1,031 | €702 | -€329 | -31.9% |
| Financial fixed assets | 28 | €140 | €140 | = | 0.0% |
| Current assets | 29/58 | €258,195 | €257,274 | -€921 | -0.4% |
| Stocks and contracts in progress | 3 | €87,357 | €100,313 | +€12,956 | +14.8% |
| Stocks | 30/36 | €87,357 | €100,313 | +€12,956 | +14.8% |
| Amounts receivable within one year | 40/41 | €78,519 | €82,766 | +€4,247 | +5.4% |
| Trade receivables | 40 | €56,917 | €52,242 | -€4,675 | -8.2% |
| Other amounts receivable | 41 | €21,601 | €30,524 | +€8,922 | +41.3% |
| Cash at bank and in hand | 54/58 | €82,198 | €62,432 | -€19,765 | -24.0% |
| Deferred charges and accrued income | 490/1 | €10,121 | €11,763 | +€1,642 | +16.2% |
| Total equity and liabilities | 10/49 | €338,845 | €314,228 | -€24,617 | -7.3% |
| Equity | 10/15 | €234,756 | €234,557 | -€199 | -0.1% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €216,030 | €215,965 | -€65 | 0.0% |
| Tax-exempt reserves | 132 | €16,940 | €16,940 | = | 0.0% |
| Distributable reserves | 133 | €199,090 | €199,025 | -€65 | 0.0% |
| Profit (loss) carried forward | 14 | €134 | - | -€134 | |
| Amounts payable | 17/49 | €104,089 | €79,671 | -€24,418 | -23.5% |
| Amounts payable after more than one year | 17 | €49,600 | €30,031 | -€19,569 | -39.5% |
| Financial debts | 170/4 | €49,600 | €30,031 | -€19,569 | -39.5% |
| Amounts payable within one year | 42/48 | €54,489 | €49,640 | -€4,849 | -8.9% |
| Current portion of amounts payable after more than one year | 42 | €21,924 | €19,569 | -€2,355 | -10.7% |
| Trade debts | 44 | €24,589 | €17,189 | -€7,400 | -30.1% |
| Suppliers | 440/4 | €24,589 | €17,189 | -€7,400 | -30.1% |
| Taxes, remuneration and social security | 45 | €3,398 | €2,279 | -€1,119 | -32.9% |
| Taxes | 450/3 | €3,398 | €2,279 | -€1,119 | -32.9% |
| Other amounts payable | 47/48 | €4,578 | €10,602 | +€6,024 | +131.6% |
| Remuneration, social security and pensions | 62 | €303,946 | €294,095 | -€9,851 | -3.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €26,956 | €26,021 | -€934 | -3.5% |
| Other operating charges | 640/8 | €1,406 | €1,286 | -€120 | -8.5% |
| Gross operating margin | 9900 | €347,000 | €324,129 | -€22,871 | -6.6% |
| Operating profit (loss) | 9901 | €14,692 | €2,726 | -€11,966 | -81.4% |
| Financial income | 75/76B | €758 | €2,344 | +€1,585 | +209.0% |
| Recurring financial income | 75 | €758 | €2,344 | +€1,585 | +209.0% |
| Financial charges | 65/66B | €3,261 | €3,766 | +€505 | +15.5% |
| Recurring financial charges | 65 | €3,261 | €3,766 | +€505 | +15.5% |
| Profit (loss) for the period before taxes | 9903 | €12,190 | €1,304 | -€10,886 | -89.3% |
| Income taxes | 67/77 | €3,840 | €1,503 | -€2,338 | -60.9% |
| Profit (loss) for the period | 9904 | €8,350 | -€199 | -€8,549 | |
| Profit (loss) for the period to be appropriated | 9905 | €8,350 | -€199 | -€8,549 |
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 5 October 2026 via checked.be.