FB SPV: 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.
FB SPV
Largest movements
No asset line moved by more than 1% of the balance sheet total.
- Debts after one year -€753,758
down €753,758 (-4.7%), from €16.0m to €15.2m
- Profit (loss) carried forward +€495,550
up €495,550 (+64.2%), from -€771,706 to -€276,157
- Financial income +€888,103
up €888,103 (+77.2%), from €1.2m to €2.0m
- Financial charges +€59,654
up €59,654 (+4.6%), from €1.3m to €1.4m
- Gross operating margin +€6,644
up €6,644 (+97.0%), from -€6,849 to -€205
- Other operating charges +€583
up €583 (+152%), from €384 to €968
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 | €17,868,248 | €17,610,780 | -€257,467 | -1.4% |
| Formation expenses | 20 | €99,616 | €84,616 | -€15,000 | -15.1% |
| Fixed assets | 21/28 | €17,585,748 | €17,423,311 | -€162,438 | -0.9% |
| Intangible fixed assets | 21 | €1,394,756 | €1,232,319 | -€162,438 | -11.6% |
| Financial fixed assets | 28 | €16,190,992 | €16,190,992 | = | 0.0% |
| Current assets | 29/58 | €182,883 | €102,853 | -€80,030 | -43.8% |
| Amounts receivable within one year | 40/41 | €174,649 | €100,620 | -€74,030 | -42.4% |
| Trade receivables | 40 | €156,260 | €100,620 | -€55,640 | -35.6% |
| Other amounts receivable | 41 | €18,389 | - | -€18,389 | |
| Cash at bank and in hand | 54/58 | €8,233 | €2,233 | -€6,000 | -72.9% |
| Total equity and liabilities | 10/49 | €17,868,248 | €17,610,780 | -€257,467 | -1.4% |
| Equity | 10/15 | €731,922 | €1,227,471 | +€495,550 | +67.7% |
| Contributions | 10/11 | €1,503,628 | €1,503,628 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€771,706 | -€276,157 | +€495,550 | +64.2% |
| Amounts payable | 17/49 | €17,136,326 | €16,383,309 | -€753,017 | -4.4% |
| Amounts payable after more than one year | 17 | €15,986,826 | €15,233,068 | -€753,758 | -4.7% |
| Financial debts | 170/4 | €15,986,826 | €15,233,068 | -€753,758 | -4.7% |
| Amounts payable within one year | 42/48 | €1,149,500 | €1,150,241 | +€741 | +0.1% |
| Current portion of amounts payable after more than one year | 42 | €1,050,000 | €1,050,000 | = | 0.0% |
| Trade debts | 44 | €99,500 | €100,241 | +€741 | +0.7% |
| Suppliers | 440/4 | €99,500 | €100,241 | +€741 | +0.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €177,438 | €177,438 | = | 0.0% |
| Other operating charges | 640/8 | €384 | €968 | +€583 | +152% |
| Gross operating margin | 9900 | -€6,849 | -€205 | +€6,644 | +97.0% |
| Operating profit (loss) | 9901 | -€184,671 | -€178,610 | +€6,061 | +3.3% |
| Financial income | 75/76B | €1,150,067 | €2,038,170 | +€888,103 | +77.2% |
| Recurring financial income | 75 | €1,150,067 | €2,038,170 | +€888,103 | +77.2% |
| Financial charges | 65/66B | €1,304,357 | €1,364,011 | +€59,654 | +4.6% |
| Recurring financial charges | 65 | €1,304,357 | €1,364,011 | +€59,654 | +4.6% |
| Profit (loss) for the period before taxes | 9903 | -€338,961 | €495,550 | +€834,510 | |
| Profit (loss) for the period | 9904 | -€338,961 | €495,550 | +€834,510 | |
| Profit (loss) for the period to be appropriated | 9905 | -€338,961 | €495,550 | +€834,510 |
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 13 October 2026 via checked.be.