FILOVA: 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.
FILOVA
Largest movements
- Receivables within one year +€118,583
up €118,583 (+151.1%), from €78,501 to €197,084
of which Other amounts receivable: +€70,207
- Tangible fixed assets +€33,739
up €33,739 (+9.7%), from €348,269 to €382,008
of which Furniture and vehicles: +€41,445
- Cash -€20,372
down €20,372 (-18.7%), from €108,835 to €88,462
mainly Receivables within one year (-€118,583) and Investment in fixed assets (net) (-€57,459)
- Deferred charges and accrued income -€8,973
down €8,973 (-81.2%), from €11,055 to €2,082
- Reserves +€77,564
up €77,564 (+122.1%), from €63,512 to €141,077
- Trade debts +€57,109
up €57,109 (+121.1%), from €47,164 to €104,273
- Current portion of long-term debt +€35,407
up €35,407 (+165.9%), from €21,337 to €56,743
- Debts after one year -€30,850
down €30,850 (-9.1%), from €340,878 to €310,027
of which Other amounts payable: -€17,118
- Other debts -€21,984
down €21,984 (-47.3%), from €46,455 to €24,471
- Gross operating margin +€223,245
up €223,245 (+203.6%), from €109,639 to €332,883
- Staff costs +€141,700
up €141,700 (+284.2%), from €49,856 to €191,556
- Taxes +€16,020
up €16,020 (+145.8%), from €10,990 to €27,010
- Financial charges +€10,387
up €10,387 (+1264.0%), from €822 to €11,209
- Depreciation +€5,241
up €5,241 (+28.4%), from €18,480 to €23,720
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 | €546,760 | €669,736 | +€122,976 | +22.5% |
| Fixed assets | 21/28 | €348,369 | €382,108 | +€33,739 | +9.7% |
| Tangible fixed assets | 22/27 | €348,269 | €382,008 | +€33,739 | +9.7% |
| Land and buildings | 22 | €347,615 | €333,462 | -€14,152 | -4.1% |
| Plant, machinery and equipment | 23 | €655 | €7,101 | +€6,446 | +984.3% |
| Furniture and vehicles | 24 | - | €41,445 | +€41,445 | |
| Financial fixed assets | 28 | €100 | €100 | = | 0.0% |
| Current assets | 29/58 | €198,391 | €287,628 | +€89,238 | +45.0% |
| Amounts receivable within one year | 40/41 | €78,501 | €197,084 | +€118,583 | +151.1% |
| Trade receivables | 40 | €75,711 | €124,087 | +€48,376 | +63.9% |
| Other amounts receivable | 41 | €2,790 | €72,998 | +€70,207 | +2516.1% |
| Cash at bank and in hand | 54/58 | €108,835 | €88,462 | -€20,372 | -18.7% |
| Deferred charges and accrued income | 490/1 | €11,055 | €2,082 | -€8,973 | -81.2% |
| Total equity and liabilities | 10/49 | €546,760 | €669,736 | +€122,976 | +22.5% |
| Equity | 10/15 | €69,512 | €147,077 | +€77,564 | +111.6% |
| Contributions | 10/11 | €6,000 | €6,000 | = | 0.0% |
| Reserves | 13 | €63,512 | €141,077 | +€77,564 | +122.1% |
| Distributable reserves | 133 | €63,512 | €141,077 | +€77,564 | +122.1% |
| Amounts payable | 17/49 | €477,248 | €522,660 | +€45,412 | +9.5% |
| Amounts payable after more than one year | 17 | €340,878 | €310,027 | -€30,850 | -9.1% |
| Financial debts | 170/4 | €302,393 | €288,660 | -€13,733 | -4.5% |
| Other amounts payable | 178/9 | €38,485 | €21,367 | -€17,118 | -44.5% |
| Amounts payable within one year | 42/48 | €133,507 | €212,632 | +€79,125 | +59.3% |
| Current portion of amounts payable after more than one year | 42 | €21,337 | €56,743 | +€35,407 | +165.9% |
| Trade debts | 44 | €47,164 | €104,273 | +€57,109 | +121.1% |
| Suppliers | 440/4 | €47,164 | €104,273 | +€57,109 | +121.1% |
| Taxes, remuneration and social security | 45 | €18,550 | €27,145 | +€8,594 | +46.3% |
| Taxes | 450/3 | €18,550 | €10,677 | -€7,873 | -42.4% |
| Remuneration and social security | 454/9 | - | €16,468 | +€16,468 | |
| Other amounts payable | 47/48 | €46,455 | €24,471 | -€21,984 | -47.3% |
| Accrued charges and deferred income | 492/3 | €2,863 | - | -€2,863 | |
| Remuneration, social security and pensions | 62 | €49,856 | €191,556 | +€141,700 | +284.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €18,480 | €23,720 | +€5,241 | +28.4% |
| Other operating charges | 640/8 | €448 | €2,420 | +€1,973 | +440.7% |
| Gross operating margin | 9900 | €109,639 | €332,883 | +€223,245 | +203.6% |
| Operating profit (loss) | 9901 | €40,855 | €115,186 | +€74,331 | +181.9% |
| Financial income | 75/76B | - | €597 | +€597 | |
| Recurring financial income | 75 | - | €597 | +€597 | |
| Financial charges | 65/66B | €822 | €11,209 | +€10,387 | +1264.0% |
| Recurring financial charges | 65 | €822 | €11,209 | +€10,387 | +1264.0% |
| Profit (loss) for the period before taxes | 9903 | €40,034 | €104,575 | +€64,541 | +161.2% |
| Income taxes | 67/77 | €10,990 | €27,010 | +€16,020 | +145.8% |
| Profit (loss) for the period | 9904 | €29,044 | €77,564 | +€48,521 | +167.1% |
| Profit (loss) for the period to be appropriated | 9905 | €29,044 | €77,564 | +€48,521 | +167.1% |
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 12 October 2026 via checked.be.