FDVV CONSULT: what changed
Two fiscal 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.
FDVV CONSULT
Largest movements
- Tangible fixed assets +€546,054
up €546,054 (+122.5%), from €445,680 to €991,733
of which Land and buildings: +€558,606
- Cash -€418,242
down €418,242 (-38.0%), from €1.1m to €682,280
mainly Contributions, distributions and other (-€727,875) and Investment in fixed assets (net) (-€578,633)
- Deferred charges and accrued income -€25,510
down €25,510 (-91.6%), from €27,850 to €2,340
- Other debts +€608,319
up €608,319 (+95.2%), from €639,057 to €1.2m
- Reserves -€520,370
down €520,370 (-38.6%), from €1.3m to €826,129
of which Distributable reserves: -€520,370
- Depreciation +€19,112
up €19,112 (+141.8%), from €13,477 to €32,589
- Financial income -€18,994
down €18,994 (-71.3%), from €26,625 to €7,632
- Gross operating margin +€17,161
up €17,161 (+4.7%), from €368,347 to €385,508
- Taxes -€14,134
down €14,134 (-12.9%), from €109,475 to €95,341
- Financial charges -€13,622
down €13,622 (-20.1%), from €67,925 to €54,303
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 | €2,097,668 | €2,206,874 | +€109,206 | +5.2% |
| Fixed assets | 21/28 | €446,690 | €992,733 | +€546,044 | +122.2% |
| Tangible fixed assets | 22/27 | €445,680 | €991,733 | +€546,054 | +122.5% |
| Land and buildings | 22 | €389,351 | €947,957 | +€558,606 | +143.5% |
| Plant, machinery and equipment | 23 | €1,363 | €1,202 | -€160 | -11.8% |
| Furniture and vehicles | 24 | €54,965 | €42,573 | -€12,392 | -22.5% |
| Financial fixed assets | 28 | €1,010 | €1,000 | -€10 | -1.0% |
| Current assets | 29/58 | €1,650,979 | €1,214,141 | -€436,838 | -26.5% |
| Amounts receivable within one year | 40/41 | €120,461 | €109,111 | -€11,350 | -9.4% |
| Trade receivables | 40 | €44,803 | €83,992 | +€39,189 | +87.5% |
| Other amounts receivable | 41 | €75,659 | €25,119 | -€50,539 | -66.8% |
| Current investments | 50/53 | €402,145 | €420,410 | +€18,265 | +4.5% |
| Cash at bank and in hand | 54/58 | €1,100,522 | €682,280 | -€418,242 | -38.0% |
| Deferred charges and accrued income | 490/1 | €27,850 | €2,340 | -€25,510 | -91.6% |
| Total equity and liabilities | 10/49 | €2,097,668 | €2,206,874 | +€109,206 | +5.2% |
| Equity | 10/15 | €1,352,700 | €832,329 | -€520,370 | -38.5% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €1,346,500 | €826,129 | -€520,370 | -38.6% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €1,346,500 | €826,129 | -€520,370 | -38.6% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €744,968 | €1,374,545 | +€629,576 | +84.5% |
| Amounts payable within one year | 42/48 | €711,754 | €1,323,629 | +€611,874 | +86.0% |
| Trade debts | 44 | €8,409 | €15,914 | +€7,505 | +89.3% |
| Suppliers | 440/4 | €8,409 | €15,914 | +€7,505 | +89.3% |
| Taxes, remuneration and social security | 45 | €64,289 | €60,339 | -€3,950 | -6.1% |
| Taxes | 450/3 | €58,630 | €54,640 | -€3,990 | -6.8% |
| Remuneration and social security | 454/9 | €5,659 | €5,699 | +€40 | +0.7% |
| Other amounts payable | 47/48 | €639,057 | €1,247,376 | +€608,319 | +95.2% |
| Accrued charges and deferred income | 492/3 | €33,214 | €50,916 | +€17,702 | +53.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,477 | €32,589 | +€19,112 | +141.8% |
| Other operating charges | 640/8 | €3,335 | €3,403 | +€67 | +2.0% |
| Gross operating margin | 9900 | €368,347 | €385,508 | +€17,161 | +4.7% |
| Operating profit (loss) | 9901 | €351,535 | €349,516 | -€2,019 | -0.6% |
| Financial income | 75/76B | €26,625 | €7,632 | -€18,994 | -71.3% |
| Recurring financial income | 75 | €26,625 | €7,632 | -€18,994 | -71.3% |
| Financial charges | 65/66B | €67,925 | €54,303 | -€13,622 | -20.1% |
| Recurring financial charges | 65 | €67,925 | €54,303 | -€13,622 | -20.1% |
| Profit (loss) for the period before taxes | 9903 | €310,235 | €302,845 | -€7,390 | -2.4% |
| Income taxes | 67/77 | €109,475 | €95,341 | -€14,134 | -12.9% |
| Profit (loss) for the period | 9904 | €200,760 | €207,504 | +€6,744 | +3.4% |
| Profit (loss) for the period to be appropriated | 9905 | €200,760 | €207,504 | +€6,744 | +3.4% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.