FIEVET: 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.
FIEVET
Largest movements
- Cash +€75,119
up €75,119 (+16.9%), from €444,817 to €519,936
mainly Net result for the year (+€66,689) and Trade debts (+€21,382)
- Tangible fixed assets -€12,489
down €12,489 (-39.2%), from €31,847 to €19,358
of which Furniture and vehicles: -€8,329
- Profit (loss) carried forward +€66,689
up €66,689 (+46.6%), from €143,229 to €209,918
- Other debts -€22,618
down €22,618 (-29.5%), from €76,609 to €53,990
- Trade debts +€21,382
up €21,382 (+13.3%), from €160,256 to €181,637
- Staff costs +€8,376
up €8,376 (+7.7%), from €108,806 to €117,182
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 | €476,664 | €542,111 | +€65,447 | +13.7% |
| Fixed assets | 21/28 | €31,847 | €19,358 | -€12,489 | -39.2% |
| Intangible fixed assets | 21 | €0 | €0 | = | |
| Tangible fixed assets | 22/27 | €31,847 | €19,358 | -€12,489 | -39.2% |
| Land and buildings | 22 | €19,427 | €15,803 | -€3,624 | -18.7% |
| Plant, machinery and equipment | 23 | €1,989 | €1,453 | -€536 | -27.0% |
| Furniture and vehicles | 24 | €10,431 | €2,102 | -€8,329 | -79.9% |
| Current assets | 29/58 | €444,817 | €522,753 | +€77,936 | +17.5% |
| Amounts receivable within one year | 40/41 | €0 | €0 | = | |
| Trade receivables | 40 | €0 | €0 | = | |
| Cash at bank and in hand | 54/58 | €444,817 | €519,936 | +€75,119 | +16.9% |
| Deferred charges and accrued income | 490/1 | - | €2,817 | +€2,817 | |
| Total equity and liabilities | 10/49 | €476,664 | €542,111 | +€65,447 | +13.7% |
| Equity | 10/15 | €218,803 | €285,492 | +€66,689 | +30.5% |
| Contributions | 10/11 | €61,970 | €61,970 | = | 0.0% |
| Capital | 10 | €61,970 | €61,970 | = | 0.0% |
| Issued capital | 100 | €61,970 | €61,970 | = | 0.0% |
| Reserves | 13 | €13,604 | €13,604 | = | 0.0% |
| Non-distributable reserves | 130/1 | €6,197 | €6,197 | = | 0.0% |
| Legal reserve | 130 | - | €6,197 | +€6,197 | |
| Reserves not available under the articles | 1311 | €6,197 | - | -€6,197 | |
| Tax-exempt reserves | 132 | €7,407 | €7,407 | = | 0.0% |
| Profit (loss) carried forward | 14 | €143,229 | €209,918 | +€66,689 | +46.6% |
| Amounts payable | 17/49 | €257,862 | €256,619 | -€1,242 | -0.5% |
| Amounts payable within one year | 42/48 | €250,520 | €252,598 | +€2,078 | +0.8% |
| Trade debts | 44 | €160,256 | €181,637 | +€21,382 | +13.3% |
| Suppliers | 440/4 | €160,256 | €181,637 | +€21,382 | +13.3% |
| Taxes, remuneration and social security | 45 | €13,656 | €16,971 | +€3,314 | +24.3% |
| Taxes | 450/3 | €1,076 | €898 | -€178 | -16.5% |
| Remuneration and social security | 454/9 | €12,580 | €16,072 | +€3,492 | +27.8% |
| Other amounts payable | 47/48 | €76,609 | €53,990 | -€22,618 | -29.5% |
| Accrued charges and deferred income | 492/3 | €7,341 | €4,021 | -€3,320 | -45.2% |
| Remuneration, social security and pensions | 62 | €108,806 | €117,182 | +€8,376 | +7.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,556 | €13,639 | -€1,917 | -12.3% |
| Other operating charges | 640/8 | €1,777 | €2,210 | +€434 | +24.4% |
| Gross operating margin | 9900 | €220,272 | €222,075 | +€1,803 | +0.8% |
| Operating profit (loss) | 9901 | €94,133 | €89,044 | -€5,089 | -5.4% |
| Financial income | 75/76B | €4,695 | €4,576 | -€119 | -2.5% |
| Recurring financial income | 75 | €4,695 | €4,576 | -€119 | -2.5% |
| Financial charges | 65/66B | €43 | €33 | -€10 | -22.5% |
| Recurring financial charges | 65 | €43 | €33 | -€10 | -22.5% |
| Profit (loss) for the period before taxes | 9903 | €98,786 | €93,587 | -€5,199 | -5.3% |
| Income taxes | 67/77 | €28,076 | €26,898 | -€1,178 | -4.2% |
| Profit (loss) for the period | 9904 | €70,710 | €66,689 | -€4,021 | -5.7% |
| Profit (loss) for the period to be appropriated | 9905 | €70,710 | €66,689 | -€4,021 | -5.7% |
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 16 October 2026 via checked.be.