F.V.G. SERVICES: 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.G. SERVICES
Largest movements
- Cash +€1.4m
up €1.4m (+475%), from €296,861 to €1.7m
mainly Current investments (+€1.3m) and Net result for the year (+€700,465)
- Current investments -€1.3m
down €1.3m (-100%), from €1.3m to €0
- Receivables within one year +€431,965
up €431,965 (+14.8%), from €2.9m to €3.4m
of which Trade receivables: +€1.1m
- Reserves +€584,457
up €584,457 (+24.2%), from €2.4m to €3.0m
of which Distributable reserves: +€584,457
- Short-term financial debts -€500,000
down €500,000 (-100%), from €500,000 to €0
- Tax, wage and social debts +€253,817
up €253,817 (+628%), from €40,385 to €294,202
of which Taxes: +€243,012
- Trade debts +€210,118
up €210,118 (+13.3%), from €1.6m to €1.8m
- Gross operating margin +€1.0m
up €1.0m (+186%), from €539,316 to €1.5m
- Taxes +€266,857
up €266,857 (+426%), from €62,607 to €329,464
- Financial charges +€156,450
up €156,450 (+585%), from €26,723 to €183,173
- Financial income -€34,820
down €34,820 (-73.4%), from €47,461 to €12,640
- Staff costs -€25,315
down €25,315 (-7.1%), from €357,807 to €332,493
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 | €4,650,695 | €5,224,676 | +€573,981 | +12.3% |
| Fixed assets | 21/28 | €28,787 | €27,201 | -€1,586 | -5.5% |
| Tangible fixed assets | 22/27 | €19,514 | €17,928 | -€1,586 | -8.1% |
| Furniture and vehicles | 24 | €19,514 | €17,928 | -€1,586 | -8.1% |
| Financial fixed assets | 28 | €9,272 | €9,272 | = | 0.0% |
| Current assets | 29/58 | €4,621,909 | €5,197,475 | +€575,567 | +12.5% |
| Stocks and contracts in progress | 3 | €134,781 | €134,781 | = | 0.0% |
| Stocks | 30/36 | €134,781 | €134,781 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €2,922,648 | €3,354,613 | +€431,965 | +14.8% |
| Trade receivables | 40 | €1,927,971 | €3,051,201 | +€1.1m | +58.3% |
| Other amounts receivable | 41 | €994,678 | €303,412 | -€691,266 | -69.5% |
| Current investments | 50/53 | €1,265,433 | €0 | -€1.3m | -100% |
| Cash at bank and in hand | 54/58 | €296,861 | €1,708,081 | +€1.4m | +475% |
| Deferred charges and accrued income | 490/1 | €2,185 | €0 | -€2,185 | -100% |
| Total equity and liabilities | 10/49 | €4,650,695 | €5,224,676 | +€573,981 | +12.3% |
| Equity | 10/15 | €2,441,636 | €3,026,093 | +€584,457 | +23.9% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €2,411,719 | €2,996,176 | +€584,457 | +24.2% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Tax-exempt reserves | 132 | €2,650 | €2,650 | = | 0.0% |
| Distributable reserves | 133 | €2,409,069 | €2,993,526 | +€584,457 | +24.3% |
| Profit (loss) carried forward | 14 | €9,917 | €9,917 | = | 0.0% |
| Provisions and deferred taxes | 16 | €60,000 | €60,000 | = | 0.0% |
| Provisions for liabilities and charges | 160/5 | €60,000 | €60,000 | = | 0.0% |
| Environmental obligations | 163 | €0 | - | = | |
| Other liabilities and charges | 164/5 | €60,000 | €60,000 | = | 0.0% |
| Amounts payable | 17/49 | €2,149,059 | €2,138,583 | -€10,476 | -0.5% |
| Amounts payable within one year | 42/48 | €2,149,059 | €2,138,583 | -€10,476 | -0.5% |
| Current portion of amounts payable after more than one year | 42 | €28,631 | €18,359 | -€10,272 | -35.9% |
| Financial debts | 43 | €500,000 | €0 | -€500,000 | -100% |
| Credit institutions | 430/8 | €500,000 | €0 | -€500,000 | -100% |
| Trade debts | 44 | €1,580,043 | €1,790,160 | +€210,118 | +13.3% |
| Suppliers | 440/4 | €1,580,043 | €1,790,160 | +€210,118 | +13.3% |
| Taxes, remuneration and social security | 45 | €40,385 | €294,202 | +€253,817 | +628% |
| Taxes | 450/3 | €1,191 | €244,203 | +€243,012 | +20,400% |
| Remuneration and social security | 454/9 | €39,194 | €49,998 | +€10,805 | +27.6% |
| Other amounts payable | 47/48 | - | €35,861 | +€35,861 | |
| Non-recurring operating income | 76A | - | €550 | +€550 | |
| Remuneration, social security and pensions | 62 | €357,807 | €332,493 | -€25,315 | -7.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,583 | €8,706 | -€1,877 | -17.7% |
| Other operating charges | 640/8 | €2,751 | €632 | -€2,118 | -77.0% |
| Gross operating margin | 9900 | €539,316 | €1,542,293 | +€1.0m | +186% |
| Operating profit (loss) | 9901 | €168,174 | €1,200,462 | +€1.0m | +614% |
| Financial income | 75/76B | €47,461 | €12,640 | -€34,820 | -73.4% |
| Recurring financial income | 75 | €47,461 | €12,640 | -€34,820 | -73.4% |
| Financial charges | 65/66B | €26,723 | €183,173 | +€156,450 | +585% |
| Recurring financial charges | 65 | €26,723 | €183,173 | +€156,450 | +585% |
| Profit (loss) for the period before taxes | 9903 | €188,912 | €1,029,929 | +€841,017 | +445% |
| Income taxes | 67/77 | €62,607 | €329,464 | +€266,857 | +426% |
| Profit (loss) for the period | 9904 | €126,305 | €700,465 | +€574,160 | +455% |
| Transfer from tax-exempt reserves | 789 | €0 | - | = | |
| Profit (loss) for the period to be appropriated | 9905 | €126,305 | €700,465 | +€574,160 | +455% |
Source: filed annual accounts (NBB), financial years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 19 October 2026 via checked.be.