FIVACO: 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.
FIVACO
Largest movements
- Receivables within one year -€2,479
down €2,479 (-44.4%), from €5,578 to €3,099
- Cash -€2,046
down €2,046 (-51.5%), from €3,976 to €1,930
mainly Investment in fixed assets (net) (-€5,708) and Net result for the year (-€2,694)
- Tangible fixed assets -€1,878
down €1,878 (-2.1%), from €89,336 to €87,458
of which Land and buildings: -€5,183
- Profit (loss) carried forward -€2,694
down €2,694 (-77.1%), from €3,494 to €800
- Other debts -€1,963
down €1,963 (-7.0%), from €27,942 to €25,979
- Trade debts -€1,754
down €1,754 (-81.4%), from €2,154 to €400
- Depreciation +€597
up €597 (+8.5%), from €6,989 to €7,586
- Gross operating margin -€173
down €173 (-2.3%), from €7,607 to €7,434
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 | €99,105 | €92,715 | -€6,389 | -6.4% |
| Fixed assets | 21/28 | €89,336 | €87,458 | -€1,878 | -2.1% |
| Tangible fixed assets | 22/27 | €89,336 | €87,458 | -€1,878 | -2.1% |
| Land and buildings | 22 | €67,532 | €62,349 | -€5,183 | -7.7% |
| Plant, machinery and equipment | 23 | €21,804 | €25,109 | +€3,306 | +15.2% |
| Assets under construction and advance payments | 27 | €0 | - | = | |
| Current assets | 29/58 | €9,769 | €5,257 | -€4,511 | -46.2% |
| Amounts receivable within one year | 40/41 | €5,578 | €3,099 | -€2,479 | -44.4% |
| Trade receivables | 40 | €5,578 | €3,099 | -€2,479 | -44.4% |
| Cash at bank and in hand | 54/58 | €3,976 | €1,930 | -€2,046 | -51.5% |
| Deferred charges and accrued income | 490/1 | €215 | €228 | +€14 | +6.3% |
| Total equity and liabilities | 10/49 | €99,105 | €92,715 | -€6,389 | -6.4% |
| Equity | 10/15 | €66,117 | €63,423 | -€2,694 | -4.1% |
| Contributions | 10/11 | €61,973 | €61,973 | = | 0.0% |
| Capital | 10 | €61,973 | €61,973 | = | 0.0% |
| Issued capital | 100 | €61,973 | €61,973 | = | 0.0% |
| Reserves | 13 | €650 | €650 | = | 0.0% |
| Non-distributable reserves | 130/1 | €650 | €650 | = | 0.0% |
| Legal reserve | 130 | €650 | €650 | = | 0.0% |
| Profit (loss) carried forward | 14 | €3,494 | €800 | -€2,694 | -77.1% |
| Amounts payable | 17/49 | €32,988 | €29,293 | -€3,695 | -11.2% |
| Amounts payable after more than one year | 17 | €1,859 | €1,859 | = | 0.0% |
| Other amounts payable | 178/9 | €1,859 | €1,859 | = | 0.0% |
| Amounts payable within one year | 42/48 | €30,096 | €26,379 | -€3,717 | -12.4% |
| Trade debts | 44 | €2,154 | €400 | -€1,754 | -81.4% |
| Suppliers | 440/4 | €2,154 | €400 | -€1,754 | -81.4% |
| Taxes, remuneration and social security | 45 | €0 | - | = | |
| Taxes | 450/3 | €0 | - | = | |
| Other amounts payable | 47/48 | €27,942 | €25,979 | -€1,963 | -7.0% |
| Accrued charges and deferred income | 492/3 | €1,033 | €1,054 | +€22 | +2.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,989 | €7,586 | +€597 | +8.5% |
| Other operating charges | 640/8 | €2,497 | €2,497 | +€0 | 0.0% |
| Gross operating margin | 9900 | €7,607 | €7,434 | -€173 | -2.3% |
| Operating profit (loss) | 9901 | -€1,878 | -€2,649 | -€771 | -41.0% |
| Financial charges | 65/66B | €45 | €45 | -€0 | -0.2% |
| Recurring financial charges | 65 | €45 | €45 | -€0 | -0.2% |
| Profit (loss) for the period before taxes | 9903 | -€1,923 | -€2,694 | -€771 | -40.1% |
| Income taxes | 67/77 | €0 | - | = | |
| Profit (loss) for the period | 9904 | -€1,923 | -€2,694 | -€771 | -40.1% |
| Profit (loss) for the period to be appropriated | 9905 | -€1,923 | -€2,694 | -€771 | -40.1% |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.