F.V.-A&C: 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.
F.V.-A&C
Largest movements
- Receivables within one year +€44,655
up €44,655 (+77.4%), from €57,727 to €102,382
of which Trade receivables: +€33,033
- Receivables after one year -€14,283
down €14,283 (-7.8%), from €181,970 to €167,687
- Cash -€13,851
down €13,851 (-60.7%), from €22,834 to €8,983
mainly Receivables within one year (-€44,655) and Contributions, distributions and other (-€39,309)
- Tax, wage and social debts +€16,064
up €16,064 (+52.0%), from €30,883 to €46,947
- Turnover -€8,946
down €8,946 (-6.5%), from €137,447 to €128,501
- Gross operating margin -€6,252
down €6,252 (-11.0%), from €56,936 to €50,684
- Purchases and services -€2,694
down €2,694 (-3.3%), from €80,511 to €77,817
- Taxes -€2,393
down €2,393 (-13.1%), from €18,243 to €15,850
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 | €275,004 | €290,184 | +€15,180 | +5.5% |
| Fixed assets | 21/28 | €12,473 | €11,132 | -€1,341 | -10.8% |
| Tangible fixed assets | 22/27 | €10,873 | €9,532 | -€1,341 | -12.3% |
| Plant, machinery and equipment | 23 | €7,371 | €7,219 | -€152 | -2.1% |
| Furniture and vehicles | 24 | €3,502 | €2,313 | -€1,189 | -34.0% |
| Financial fixed assets | 28 | €1,600 | €1,600 | = | 0.0% |
| Current assets | 29/58 | €262,531 | €279,052 | +€16,521 | +6.3% |
| Amounts receivable after more than one year | 29 | €181,970 | €167,687 | -€14,283 | -7.8% |
| Other amounts receivable | 291 | €181,970 | €167,687 | -€14,283 | -7.8% |
| Amounts receivable within one year | 40/41 | €57,727 | €102,382 | +€44,655 | +77.4% |
| Trade receivables | 40 | - | €33,033 | +€33,033 | |
| Other amounts receivable | 41 | €57,727 | €69,349 | +€11,622 | +20.1% |
| Cash at bank and in hand | 54/58 | €22,834 | €8,983 | -€13,851 | -60.7% |
| Total equity and liabilities | 10/49 | €275,004 | €290,184 | +€15,180 | +5.5% |
| Equity | 10/15 | €243,988 | €242,858 | -€1,130 | -0.5% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €231,588 | €230,458 | -€1,130 | -0.5% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €229,728 | €228,598 | -€1,130 | -0.5% |
| Amounts payable | 17/49 | €31,016 | €47,326 | +€16,310 | +52.6% |
| Amounts payable within one year | 42/48 | €31,016 | €47,326 | +€16,310 | +52.6% |
| Trade debts | 44 | €133 | €379 | +€246 | +185% |
| Suppliers | 440/4 | €133 | €379 | +€246 | +185% |
| Taxes, remuneration and social security | 45 | €30,883 | €46,947 | +€16,064 | +52.0% |
| Taxes | 450/3 | €30,883 | €46,947 | +€16,064 | +52.0% |
| Turnover | 70 | €137,447 | €128,501 | -€8,946 | -6.5% |
| Goods, raw materials, services and sundry goods | 60/61 | €80,511 | €77,817 | -€2,694 | -3.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,040 | €3,081 | +€41 | +1.3% |
| Other operating charges | 640/8 | €502 | €654 | +€152 | +30.3% |
| Gross operating margin | 9900 | €56,936 | €50,684 | -€6,252 | -11.0% |
| Operating profit (loss) | 9901 | €53,394 | €46,949 | -€6,445 | -12.1% |
| Financial income | 75/76B | €6,566 | €7,165 | +€599 | +9.1% |
| Recurring financial income | 75 | €6,566 | €7,165 | +€599 | +9.1% |
| Financial charges | 65/66B | €80 | €85 | +€5 | +6.3% |
| Recurring financial charges | 65 | €80 | €85 | +€5 | +6.3% |
| Profit (loss) for the period before taxes | 9903 | €59,880 | €54,029 | -€5,851 | -9.8% |
| Income taxes | 67/77 | €18,243 | €15,850 | -€2,393 | -13.1% |
| Profit (loss) for the period | 9904 | €41,637 | €38,179 | -€3,458 | -8.3% |
| Profit (loss) for the period to be appropriated | 9905 | €41,637 | €38,179 | -€3,458 | -8.3% |
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 20 October 2026 via checked.be.