F.V. CONSULT: 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. CONSULT
Largest movements
- Cash -€652,659
down €652,659 (-63.3%), from €1.0m to €377,915
mainly Current investments (-€500,000) and Debts after one year (-€80,000)
- Current investments +€500,000
new in 2025: €500,000
- Tangible fixed assets +€34,191
up €34,191 (+16.1%), from €211,758 to €245,949
of which Plant, machinery and equipment: +€41,963
- Receivables within one year -€18,753
down €18,753 (-60.3%), from €31,078 to €12,325
of which Other amounts receivable: -€17,853
- Debts after one year -€80,000
down €80,000 (-36.4%), from €220,000 to €140,000
- Trade debts +€77,728
up €77,728 (+1,677%), from €4,636 to €82,364
- Tax, wage and social debts -€77,645
no longer reported in 2025 (was €77,645)
- Profit (loss) carried forward -€53,194
down €53,194 (-5.8%), from €909,798 to €856,603
- Gross operating margin -€573,153
down €573,153, from €539,477 to -€33,676
- Taxes -€142,451
down €142,451 (-99.9%), from €142,629 to €179
- Financial income +€7,711
up €7,711 (+1,410%), from €547 to €8,258
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 | €1,346,230 | €1,209,198 | -€137,031 | -10.2% |
| Fixed assets | 21/28 | €283,027 | €317,219 | +€34,191 | +12.1% |
| Tangible fixed assets | 22/27 | €211,758 | €245,949 | +€34,191 | +16.1% |
| Land and buildings | 22 | €190,397 | €172,891 | -€17,506 | -9.2% |
| Plant, machinery and equipment | 23 | €20,033 | €61,996 | +€41,963 | +209% |
| Furniture and vehicles | 24 | €1,327 | €2,085 | +€757 | +57.0% |
| Other tangible fixed assets | 26 | - | €8,978 | +€8,978 | |
| Financial fixed assets | 28 | €71,269 | €71,269 | = | 0.0% |
| Current assets | 29/58 | €1,063,203 | €891,980 | -€171,223 | -16.1% |
| Amounts receivable within one year | 40/41 | €31,078 | €12,325 | -€18,753 | -60.3% |
| Trade receivables | 40 | €900 | - | -€900 | |
| Other amounts receivable | 41 | €30,178 | €12,325 | -€17,853 | -59.2% |
| Current investments | 50/53 | - | €500,000 | +€500,000 | |
| Cash at bank and in hand | 54/58 | €1,030,574 | €377,915 | -€652,659 | -63.3% |
| Deferred charges and accrued income | 490/1 | €1,551 | €1,740 | +€189 | +12.2% |
| Total equity and liabilities | 10/49 | €1,346,230 | €1,209,198 | -€137,031 | -10.2% |
| Equity | 10/15 | €1,027,388 | €971,525 | -€55,863 | -5.4% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €55,590 | €52,921 | -€2,669 | -4.8% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Tax-exempt reserves | 132 | €29,162 | €26,493 | -€2,669 | -9.2% |
| Distributable reserves | 133 | €20,228 | €20,228 | = | 0.0% |
| Profit (loss) carried forward | 14 | €909,798 | €856,603 | -€53,194 | -5.8% |
| Provisions and deferred taxes | 16 | €14,638 | €13,263 | -€1,374 | -9.4% |
| Deferred taxes | 168 | €14,638 | €13,263 | -€1,374 | -9.4% |
| Amounts payable | 17/49 | €304,204 | €224,410 | -€79,794 | -26.2% |
| Amounts payable after more than one year | 17 | €220,000 | €140,000 | -€80,000 | -36.4% |
| Financial debts | 170/4 | €220,000 | €140,000 | -€80,000 | -36.4% |
| Amounts payable within one year | 42/48 | €82,281 | €84,410 | +€2,129 | +2.6% |
| Trade debts | 44 | €4,636 | €82,364 | +€77,728 | +1,677% |
| Suppliers | 440/4 | €4,636 | €82,364 | +€77,728 | +1,677% |
| Taxes, remuneration and social security | 45 | €77,645 | - | -€77,645 | |
| Taxes | 450/3 | €77,645 | - | -€77,645 | |
| Other amounts payable | 47/48 | - | €2,046 | +€2,046 | |
| Accrued charges and deferred income | 492/3 | €1,923 | - | -€1,923 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €21,206 | €25,529 | +€4,323 | +20.4% |
| Other operating charges | 640/8 | €9,689 | €5,634 | -€4,055 | -41.9% |
| Non-recurring operating charges | 66A | €62 | - | -€62 | |
| Gross operating margin | 9900 | €539,477 | -€33,676 | -€573,153 | |
| Operating profit (loss) | 9901 | €508,519 | -€64,839 | -€573,358 | |
| Financial income | 75/76B | €547 | €8,258 | +€7,711 | +1,410% |
| Recurring financial income | 75 | €547 | €8,258 | +€7,711 | +1,410% |
| Financial charges | 65/66B | €743 | €478 | -€264 | -35.6% |
| Recurring financial charges | 65 | €743 | €478 | -€264 | -35.6% |
| Profit (loss) for the period before taxes | 9903 | €508,323 | -€57,059 | -€565,382 | |
| Transfer from deferred taxes | 780 | €1,374 | €1,374 | = | 0.0% |
| Income taxes | 67/77 | €142,629 | €179 | -€142,451 | -99.9% |
| Profit (loss) for the period | 9904 | €367,068 | -€55,863 | -€422,932 | |
| Transfer from tax-exempt reserves | 789 | €2,669 | €2,669 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €369,737 | -€53,194 | -€422,932 |
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.