F.V.d.P.: 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.d.P.
Largest movements
- Tangible fixed assets -€70,949
down €70,949 (-12.0%), from €589,454 to €518,505
of which Other tangible fixed assets: -€71,446
- Cash +€44,007
up €44,007 (+14.9%), from €295,955 to €339,962
mainly Other debts (+€301,010) and Depreciation (+€73,461)
- Debts after one year -€317,895
down €317,895 (-62.6%), from €507,895 to €190,000
- Other debts +€301,010
new in 2025: €301,010
- Profit (loss) carried forward -€25,629
down €25,629 (-6.3%), from €405,209 to €379,580
- Accrued charges and deferred income +€15,551
up €15,551 (+52.0%), from €29,917 to €45,468
- Financial charges -€17,053
down €17,053 (-56.5%), from €30,173 to €13,120
- Gross operating margin -€16,352
down €16,352 (-21.2%), from €77,146 to €60,794
- Other operating charges +€7,334
up €7,334 (+115%), from €6,359 to €13,693
- Financial income +€3,996
up €3,996 (+40.2%), from €9,952 to €13,948
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 | €1,345,017 | €1,327,943 | -€17,074 | -1.3% |
| Fixed assets | 21/28 | €597,654 | €526,705 | -€70,949 | -11.9% |
| Tangible fixed assets | 22/27 | €589,454 | €518,505 | -€70,949 | -12.0% |
| Land and buildings | 22 | €5,197 | €4,991 | -€206 | -4.0% |
| Furniture and vehicles | 24 | €5,225 | €5,928 | +€703 | +13.5% |
| Other tangible fixed assets | 26 | €579,032 | €507,586 | -€71,446 | -12.3% |
| Financial fixed assets | 28 | €8,200 | €8,200 | = | 0.0% |
| Current assets | 29/58 | €747,363 | €801,238 | +€53,875 | +7.2% |
| Amounts receivable within one year | 40/41 | €41,493 | €38,115 | -€3,378 | -8.1% |
| Trade receivables | 40 | €23,715 | €14,123 | -€9,592 | -40.4% |
| Other amounts receivable | 41 | €17,778 | €23,992 | +€6,214 | +35.0% |
| Current investments | 50/53 | €404,758 | €412,676 | +€7,918 | +2.0% |
| Cash at bank and in hand | 54/58 | €295,955 | €339,962 | +€44,007 | +14.9% |
| Deferred charges and accrued income | 490/1 | €5,157 | €10,485 | +€5,328 | +103% |
| Total equity and liabilities | 10/49 | €1,345,017 | €1,327,943 | -€17,074 | -1.3% |
| Equity | 10/15 | €799,884 | €774,255 | -€25,629 | -3.2% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €388,475 | €388,475 | = | 0.0% |
| Non-distributable reserves | 130/1 | €13,470 | €13,470 | = | 0.0% |
| Reserves not available under the articles | 1311 | €13,470 | €13,470 | = | 0.0% |
| Tax-exempt reserves | 132 | €18,756 | €18,756 | = | 0.0% |
| Distributable reserves | 133 | €356,249 | €356,249 | = | 0.0% |
| Profit (loss) carried forward | 14 | €405,209 | €379,580 | -€25,629 | -6.3% |
| Amounts payable | 17/49 | €545,133 | €553,688 | +€8,555 | +1.6% |
| Amounts payable after more than one year | 17 | €507,895 | €190,000 | -€317,895 | -62.6% |
| Other amounts payable | 178/9 | €507,895 | €190,000 | -€317,895 | -62.6% |
| Amounts payable within one year | 42/48 | €7,321 | €318,220 | +€310,899 | +4,247% |
| Trade debts | 44 | €1,349 | €13,554 | +€12,205 | +905% |
| Suppliers | 440/4 | €1,349 | €13,554 | +€12,205 | +905% |
| Taxes, remuneration and social security | 45 | €5,972 | €3,656 | -€2,316 | -38.8% |
| Taxes | 450/3 | €5,972 | €3,656 | -€2,316 | -38.8% |
| Other amounts payable | 47/48 | - | €301,010 | +€301,010 | |
| Accrued charges and deferred income | 492/3 | €29,917 | €45,468 | +€15,551 | +52.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €73,117 | €73,461 | +€344 | +0.5% |
| Other operating charges | 640/8 | €6,359 | €13,693 | +€7,334 | +115% |
| Gross operating margin | 9900 | €77,146 | €60,794 | -€16,352 | -21.2% |
| Operating profit (loss) | 9901 | -€2,330 | -€26,360 | -€24,030 | -1,031% |
| Financial income | 75/76B | €9,952 | €13,948 | +€3,996 | +40.2% |
| Recurring financial income | 75 | €9,952 | €13,948 | +€3,996 | +40.2% |
| Financial charges | 65/66B | €30,173 | €13,120 | -€17,053 | -56.5% |
| Recurring financial charges | 65 | €30,173 | €13,120 | -€17,053 | -56.5% |
| Profit (loss) for the period before taxes | 9903 | -€22,551 | -€25,532 | -€2,981 | -13.2% |
| Income taxes | 67/77 | €96 | €97 | +€1 | +1.0% |
| Profit (loss) for the period | 9904 | -€22,647 | -€25,629 | -€2,982 | -13.2% |
| Profit (loss) for the period to be appropriated | 9905 | -€22,647 | -€25,629 | -€2,982 | -13.2% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 18 October 2026 via checked.be.