F&V BROKERS: 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 BROKERS
Largest movements
- Tangible fixed assets -€16,612
down €16,612 (-26.7%), from €62,170 to €45,558
- Receivables within one year +€8,191
new in 2025: €8,191
- Debts after one year -€67,879
down €67,879 (-40.9%), from €165,772 to €97,893
- Reserves +€51,500
up €51,500 (+50.6%), from €101,860 to €153,360
of which Distributable reserves: +€51,500
- Current portion of long-term debt +€13,918
up €13,918 (+33.6%), from €41,444 to €55,362
- Trade debts -€5,276
down €5,276 (-81.3%), from €6,486 to €1,210
- Turnover -€204,626
no longer reported in 2025 (was €204,626)
- Purchases and services -€99,644
no longer reported in 2025 (was €99,644)
- Staff costs -€20,546
no longer reported in 2025 (was €20,546)
- Taxes +€7,718
up €7,718 (+38.2%), from €20,215 to €27,933
- Gross operating margin -€3,016
down €3,016 (-2.9%), from €104,982 to €101,966
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 | €470,571 | €463,680 | -€6,891 | -1.5% |
| Fixed assets | 21/28 | €462,170 | €445,558 | -€16,612 | -3.6% |
| Tangible fixed assets | 22/27 | €62,170 | €45,558 | -€16,612 | -26.7% |
| Furniture and vehicles | 24 | €62,170 | €45,558 | -€16,612 | -26.7% |
| Financial fixed assets | 28 | €400,000 | €400,000 | = | 0.0% |
| Current assets | 29/58 | €8,401 | €18,122 | +€9,721 | +116% |
| Amounts receivable within one year | 40/41 | - | €8,191 | +€8,191 | |
| Other amounts receivable | 41 | - | €8,191 | +€8,191 | |
| Cash at bank and in hand | 54/58 | €8,401 | €6,290 | -€2,111 | -25.1% |
| Deferred charges and accrued income | 490/1 | - | €3,642 | +€3,642 | |
| Total equity and liabilities | 10/49 | €470,571 | €463,680 | -€6,891 | -1.5% |
| Equity | 10/15 | €239,454 | €291,076 | +€51,622 | +21.6% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €101,860 | €153,360 | +€51,500 | +50.6% |
| 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 | €100,000 | €151,500 | +€51,500 | +51.5% |
| Profit (loss) carried forward | 14 | €131,394 | €131,516 | +€122 | +0.1% |
| Amounts payable | 17/49 | €231,117 | €172,604 | -€58,513 | -25.3% |
| Amounts payable after more than one year | 17 | €165,772 | €97,893 | -€67,879 | -40.9% |
| Financial debts | 170/4 | €165,772 | €97,893 | -€67,879 | -40.9% |
| Amounts payable within one year | 42/48 | €65,345 | €74,712 | +€9,367 | +14.3% |
| Current portion of amounts payable after more than one year | 42 | €41,444 | €55,362 | +€13,918 | +33.6% |
| Trade debts | 44 | €6,486 | €1,210 | -€5,276 | -81.3% |
| Suppliers | 440/4 | €6,486 | €1,210 | -€5,276 | -81.3% |
| Taxes, remuneration and social security | 45 | €7,653 | €12,320 | +€4,667 | +61.0% |
| Taxes | 450/3 | €7,653 | €10,485 | +€2,832 | +37.0% |
| Remuneration and social security | 454/9 | - | €1,835 | +€1,835 | |
| Other amounts payable | 47/48 | €9,762 | €5,820 | -€3,942 | -40.4% |
| Turnover | 70 | €204,626 | - | -€204,626 | |
| Goods, raw materials, services and sundry goods | 60/61 | €99,644 | - | -€99,644 | |
| Remuneration, social security and pensions | 62 | €20,546 | - | -€20,546 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €16,612 | €16,612 | +€0 | 0.0% |
| Other operating charges | 640/8 | €995 | €1,018 | +€23 | +2.3% |
| Gross operating margin | 9900 | €104,982 | €101,966 | -€3,016 | -2.9% |
| Operating profit (loss) | 9901 | €66,829 | €84,336 | +€17,507 | +26.2% |
| Financial charges | 65/66B | €6,126 | €4,781 | -€1,345 | -22.0% |
| Recurring financial charges | 65 | €6,126 | €4,781 | -€1,345 | -22.0% |
| Profit (loss) for the period before taxes | 9903 | €60,703 | €79,555 | +€18,852 | +31.1% |
| Income taxes | 67/77 | €20,215 | €27,933 | +€7,718 | +38.2% |
| Profit (loss) for the period | 9904 | €40,488 | €51,622 | +€11,134 | +27.5% |
| Profit (loss) for the period to be appropriated | 9905 | €40,488 | €51,622 | +€11,134 | +27.5% |
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 25 October 2026 via checked.be.