F.V.S.: 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.S.
Largest movements
- Receivables within one year +€36,109
up €36,109 (+58.2%), from €62,000 to €98,109
of which Other amounts receivable: +€22,192
- Receivables after one year -€35,951
down €35,951 (-7.0%), from €510,563 to €474,612
- Cash +€18,677
up €18,677 (+18.9%), from €98,616 to €117,294
mainly Receivables after one year (+€35,951) and Net result for the year (+€31,331)
- Reserves +€31,331
up €31,331 (+4.9%), from €635,064 to €666,395
- Other debts -€16,007
no longer reported in 2024 (was €16,007)
- Other operating charges -€17,744
down €17,744 (-95.8%), from €18,524 to €780
- Taxes +€5,048
up €5,048 (+55.7%), from €9,058 to €14,106
- Gross operating margin -€2,476
down €2,476 (-6.4%), from €38,791 to €36,315
- Financial income +€1,873
up €1,873 (+18.7%), from €10,002 to €11,876
- Financial charges +€781
up €781 (+270%), from €289 to €1,069
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €678,758 | €699,552 | +€20,794 | +3.1% |
| Fixed assets | 21/28 | €6,968 | €8,893 | +€1,925 | +27.6% |
| Tangible fixed assets | 22/27 | €6,968 | €8,893 | +€1,925 | +27.6% |
| Plant, machinery and equipment | 23 | €6,968 | €8,033 | +€1,065 | +15.3% |
| Furniture and vehicles | 24 | - | €860 | +€860 | |
| Current assets | 29/58 | €671,790 | €690,659 | +€18,869 | +2.8% |
| Amounts receivable after more than one year | 29 | €510,563 | €474,612 | -€35,951 | -7.0% |
| Other amounts receivable | 291 | €510,563 | €474,612 | -€35,951 | -7.0% |
| Amounts receivable within one year | 40/41 | €62,000 | €98,109 | +€36,109 | +58.2% |
| Trade receivables | 40 | €10,812 | €24,729 | +€13,917 | +129% |
| Other amounts receivable | 41 | €51,189 | €73,381 | +€22,192 | +43.4% |
| Cash at bank and in hand | 54/58 | €98,616 | €117,294 | +€18,677 | +18.9% |
| Deferred charges and accrued income | 490/1 | €610 | €644 | +€33 | +5.5% |
| Total equity and liabilities | 10/49 | €678,758 | €699,552 | +€20,794 | +3.1% |
| Equity | 10/15 | €647,461 | €678,793 | +€31,331 | +4.8% |
| Contributions | 10/11 | €12,397 | €12,397 | = | 0.0% |
| Reserves | 13 | €635,064 | €666,395 | +€31,331 | +4.9% |
| Distributable reserves | 133 | €635,064 | €666,395 | +€31,331 | +4.9% |
| Amounts payable | 17/49 | €31,297 | €20,760 | -€10,537 | -33.7% |
| Amounts payable within one year | 42/48 | €31,297 | €20,760 | -€10,537 | -33.7% |
| Current portion of amounts payable after more than one year | 42 | €686 | €701 | +€15 | +2.2% |
| Trade debts | 44 | €680 | €208 | -€472 | -69.4% |
| Suppliers | 440/4 | €680 | €208 | -€472 | -69.4% |
| Taxes, remuneration and social security | 45 | €13,924 | €19,850 | +€5,926 | +42.6% |
| Taxes | 450/3 | €13,924 | €19,850 | +€5,926 | +42.6% |
| Other amounts payable | 47/48 | €16,007 | - | -€16,007 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €363 | €905 | +€542 | +149% |
| Other operating charges | 640/8 | €18,524 | €780 | -€17,744 | -95.8% |
| Non-recurring operating charges | 66A | €151 | - | -€151 | |
| Gross operating margin | 9900 | €38,791 | €36,315 | -€2,476 | -6.4% |
| Operating profit (loss) | 9901 | €19,754 | €34,631 | +€14,877 | +75.3% |
| Financial income | 75/76B | €10,002 | €11,876 | +€1,873 | +18.7% |
| Recurring financial income | 75 | €10,002 | €11,876 | +€1,873 | +18.7% |
| Financial charges | 65/66B | €289 | €1,069 | +€781 | +270% |
| Recurring financial charges | 65 | €289 | €1,069 | +€781 | +270% |
| Profit (loss) for the period before taxes | 9903 | €29,467 | €45,437 | +€15,970 | +54.2% |
| Income taxes | 67/77 | €9,058 | €14,106 | +€5,048 | +55.7% |
| Profit (loss) for the period | 9904 | €20,409 | €31,331 | +€10,922 | +53.5% |
| Profit (loss) for the period to be appropriated | 9905 | €20,409 | €31,331 | +€10,922 | +53.5% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 29 October 2026 via checked.be.