FBV-Invest: 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.
FBV-Invest
Largest movements
No asset line moved by more than 1% of the balance sheet total.
No liability line moved by more than 1% of the balance sheet total.
- Financial income +€40,581
up €40,581 (+10.1%), from €400,163 to €440,744
- Financial charges -€13,836
down €13,836 (-9.9%), from €139,565 to €125,729
- Gross operating margin +€9,291
up €9,291 (+5.9%), from €157,570 to €166,861
- Taxes +€5,962
up €5,962 (+140%), from €4,262 to €10,223
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 | €3,738,853 | €3,758,586 | +€19,733 | +0.5% |
| Fixed assets | 21/28 | €3,600,000 | €3,600,000 | = | 0.0% |
| Financial fixed assets | 28 | €3,600,000 | €3,600,000 | = | 0.0% |
| Current assets | 29/58 | €138,853 | €158,586 | +€19,733 | +14.2% |
| Amounts receivable within one year | 40/41 | €53,675 | €59,200 | +€5,525 | +10.3% |
| Trade receivables | 40 | €45,375 | €48,400 | +€3,025 | +6.7% |
| Other amounts receivable | 41 | €8,300 | €10,800 | +€2,500 | +30.1% |
| Cash at bank and in hand | 54/58 | €85,178 | €99,386 | +€14,208 | +16.7% |
| Total equity and liabilities | 10/49 | €3,738,853 | €3,758,586 | +€19,733 | +0.5% |
| Equity | 10/15 | €1,796,693 | €1,796,693 | = | 0.0% |
| Reserves | 13 | €1,796,693 | €1,796,693 | = | 0.0% |
| Distributable reserves | 133 | €1,796,693 | €1,796,693 | = | 0.0% |
| Amounts payable | 17/49 | €1,942,160 | €1,961,893 | +€19,733 | +1.0% |
| Amounts payable within one year | 42/48 | €1,942,160 | €1,961,893 | +€19,733 | +1.0% |
| Trade debts | 44 | €29,282 | €31,218 | +€1,936 | +6.6% |
| Suppliers | 440/4 | €29,282 | €31,218 | +€1,936 | +6.6% |
| Taxes, remuneration and social security | 45 | €119,315 | €117,230 | -€2,084 | -1.7% |
| Taxes | 450/3 | €119,315 | €117,230 | -€2,084 | -1.7% |
| Other amounts payable | 47/48 | €1,793,563 | €1,813,445 | +€19,882 | +1.1% |
| Other operating charges | 640/8 | €1,179 | €1,216 | +€37 | +3.1% |
| Gross operating margin | 9900 | €157,570 | €166,861 | +€9,291 | +5.9% |
| Operating profit (loss) | 9901 | €156,391 | €165,645 | +€9,254 | +5.9% |
| Financial income | 75/76B | €400,163 | €440,744 | +€40,581 | +10.1% |
| Recurring financial income | 75 | €400,163 | €440,744 | +€40,581 | +10.1% |
| Financial charges | 65/66B | €139,565 | €125,729 | -€13,836 | -9.9% |
| Recurring financial charges | 65 | €139,565 | €125,729 | -€13,836 | -9.9% |
| Profit (loss) for the period before taxes | 9903 | €416,989 | €480,661 | +€63,671 | +15.3% |
| Income taxes | 67/77 | €4,262 | €10,223 | +€5,962 | +140% |
| Profit (loss) for the period | 9904 | €412,728 | €470,437 | +€57,710 | +14.0% |
| Profit (loss) for the period to be appropriated | 9905 | €412,728 | €470,437 | +€57,710 | +14.0% |
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 31 October 2026 via checked.be.