FC VET: 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.
FC VET
Largest movements
- Tangible fixed assets +€74,704
up €74,704 (+564.8%), from €13,228 to €87,932
of which Furniture and vehicles: +€74,595
- Cash +€51,164
up €51,164 (+125.6%), from €40,740 to €91,904
mainly Net result for the year (+€125,818) and Other debts (+€81,206)
- Receivables within one year +€28,329
up €28,329 (+131.4%), from €21,562 to €49,891
of which Trade receivables: +€33,932
- Other debts +€81,206
up €81,206 (+149.5%), from €54,301 to €135,507
- Tax, wage and social debts +€34,942
up €34,942 (+608.2%), from €5,745 to €40,687
of which Taxes: +€34,942
- Reserves +€30,000
up €30,000 (+81.4%), from €36,860 to €66,860
of which Distributable reserves: +€30,000
- Profit (loss) carried forward +€5,183
up €5,183 (+214.5%), from €2,417 to €7,599
- Accrued charges and deferred income +€5,111
new in 2025: €5,111
- Gross operating margin +€123,732
up €123,732 (+185.0%), from €66,873 to €190,605
- Taxes +€32,273
up €32,273 (+255.3%), from €12,643 to €44,916
- Depreciation -€4,042
down €4,042 (-22.1%), from €18,274 to €14,232
- Financial charges +€3,558
up €3,558 (+1161.8%), from €306 to €3,865
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.
Cash bridge derived
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 | €126,728 | €283,394 | +€156,666 | +123.6% |
| Fixed assets | 21/28 | €63,228 | €137,932 | +€74,704 | +118.2% |
| Tangible fixed assets | 22/27 | €13,228 | €87,932 | +€74,704 | +564.8% |
| Land and buildings | 22 | €1,574 | €1,251 | -€324 | -20.6% |
| Plant, machinery and equipment | 23 | €7,176 | €4,208 | -€2,968 | -41.4% |
| Furniture and vehicles | 24 | €4,477 | €79,072 | +€74,595 | +1666.1% |
| Other tangible fixed assets | 26 | - | €3,401 | +€3,401 | |
| Financial fixed assets | 28 | €50,000 | €50,000 | = | 0.0% |
| Current assets | 29/58 | €63,500 | €145,462 | +€81,961 | +129.1% |
| Amounts receivable within one year | 40/41 | €21,562 | €49,891 | +€28,329 | +131.4% |
| Trade receivables | 40 | €10,002 | €43,934 | +€33,932 | +339.2% |
| Other amounts receivable | 41 | €11,560 | €5,957 | -€5,603 | -48.5% |
| Cash at bank and in hand | 54/58 | €40,740 | €91,904 | +€51,164 | +125.6% |
| Deferred charges and accrued income | 490/1 | €1,199 | €3,666 | +€2,468 | +205.9% |
| Total equity and liabilities | 10/49 | €126,728 | €283,394 | +€156,666 | +123.6% |
| Equity | 10/15 | €57,877 | €93,059 | +€35,183 | +60.8% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €36,860 | €66,860 | +€30,000 | +81.4% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €35,000 | €65,000 | +€30,000 | +85.7% |
| Profit (loss) carried forward | 14 | €2,417 | €7,599 | +€5,183 | +214.5% |
| Amounts payable | 17/49 | €68,852 | €190,334 | +€121,483 | +176.4% |
| Amounts payable after more than one year | 17 | €2,591 | - | -€2,591 | |
| Financial debts | 170/4 | €2,591 | - | -€2,591 | |
| Amounts payable within one year | 42/48 | €66,260 | €185,224 | +€118,963 | +179.5% |
| Current portion of amounts payable after more than one year | 42 | €3,060 | €2,591 | -€469 | -15.3% |
| Trade debts | 44 | €3,154 | €6,438 | +€3,284 | +104.1% |
| Suppliers | 440/4 | €3,154 | €6,438 | +€3,284 | +104.1% |
| Taxes, remuneration and social security | 45 | €5,745 | €40,687 | +€34,942 | +608.2% |
| Taxes | 450/3 | €4,745 | €39,687 | +€34,942 | +736.4% |
| Remuneration and social security | 454/9 | €1,000 | €1,000 | = | 0.0% |
| Other amounts payable | 47/48 | €54,301 | €135,507 | +€81,206 | +149.5% |
| Accrued charges and deferred income | 492/3 | - | €5,111 | +€5,111 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €18,274 | €14,232 | -€4,042 | -22.1% |
| Other operating charges | 640/8 | €1,182 | €1,781 | +€599 | +50.7% |
| Gross operating margin | 9900 | €66,873 | €190,605 | +€123,732 | +185.0% |
| Operating profit (loss) | 9901 | €47,418 | €174,592 | +€127,174 | +268.2% |
| Financial income | 75/76B | - | €6 | +€6 | |
| Recurring financial income | 75 | - | €6 | +€6 | |
| Financial charges | 65/66B | €306 | €3,865 | +€3,558 | +1161.8% |
| Recurring financial charges | 65 | €306 | €3,865 | +€3,558 | +1161.8% |
| Profit (loss) for the period before taxes | 9903 | €47,111 | €170,733 | +€123,622 | +262.4% |
| Income taxes | 67/77 | €12,643 | €44,916 | +€32,273 | +255.3% |
| Profit (loss) for the period | 9904 | €34,468 | €125,818 | +€91,349 | +265.0% |
| Profit (loss) for the period to be appropriated | 9905 | €34,468 | €125,818 | +€91,349 | +265.0% |
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 10 October 2026 via checked.be.