FIVALO: 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.
FIVALO
Largest movements
- Stocks and contracts +€44,700
up €44,700 (+2416.2%), from €1,850 to €46,550
- Receivables within one year +€9,018
up €9,018 (+7.3%), from €122,740 to €131,758
of which Trade receivables: +€8,988
- Cash +€8,568
up €8,568 (+1453.2%), from €590 to €9,158
mainly Other debts (+€45,858) and Trade debts (+€11,635)
- Tangible fixed assets -€2,983
down €2,983 (-6.6%), from €45,200 to €42,217
of which Furniture and vehicles: -€2,314
- Other debts +€45,858
up €45,858 (+28.6%), from €160,394 to €206,251
- Trade debts +€11,635
up €11,635 (+331.2%), from €3,513 to €15,148
- Profit (loss) carried forward +€4,517
up €4,517 (+5.5%), from -€81,943 to -€77,426
- Gross operating margin +€15,372
up €15,372, from -€5,792 to €9,580
- Financial income -€5,011
down €5,011 (-100.0%), from €5,011 to €0
of which Non-recurring financial income: -€4,959
- Other operating charges -€3,599
down €3,599 (-64.8%), from €5,553 to €1,954
- Depreciation -€307
down €307 (-9.3%), from €3,290 to €2,983
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 | €170,380 | €230,811 | +€60,430 | +35.5% |
| Fixed assets | 21/28 | €45,200 | €42,217 | -€2,983 | -6.6% |
| Tangible fixed assets | 22/27 | €45,200 | €42,217 | -€2,983 | -6.6% |
| Land and buildings | 22 | €36,976 | €36,976 | = | 0.0% |
| Plant, machinery and equipment | 23 | €1,288 | €619 | -€669 | -51.9% |
| Furniture and vehicles | 24 | €6,936 | €4,622 | -€2,314 | -33.4% |
| Current assets | 29/58 | €125,180 | €188,594 | +€63,414 | +50.7% |
| Stocks and contracts in progress | 3 | €1,850 | €46,550 | +€44,700 | +2416.2% |
| Stocks | 30/36 | €1,850 | €46,550 | +€44,700 | +2416.2% |
| Amounts receivable within one year | 40/41 | €122,740 | €131,758 | +€9,018 | +7.3% |
| Trade receivables | 40 | €21,904 | €30,892 | +€8,988 | +41.0% |
| Other amounts receivable | 41 | €100,837 | €100,867 | +€30 | 0.0% |
| Cash at bank and in hand | 54/58 | €590 | €9,158 | +€8,568 | +1453.2% |
| Deferred charges and accrued income | 490/1 | - | €1,127 | +€1,127 | |
| Total equity and liabilities | 10/49 | €170,380 | €230,811 | +€60,430 | +35.5% |
| Equity | 10/15 | -€32,364 | -€27,847 | +€4,517 | +14.0% |
| Contributions | 10/11 | €49,579 | €49,579 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€81,943 | -€77,426 | +€4,517 | +5.5% |
| Amounts payable | 17/49 | €202,745 | €258,658 | +€55,913 | +27.6% |
| Amounts payable after more than one year | 17 | €37,184 | €37,184 | = | 0.0% |
| Financial debts | 170/4 | €37,184 | €37,184 | = | 0.0% |
| Amounts payable within one year | 42/48 | €165,561 | €221,474 | +€55,913 | +33.8% |
| Trade debts | 44 | €3,513 | €15,148 | +€11,635 | +331.2% |
| Suppliers | 440/4 | €3,513 | €15,148 | +€11,635 | +331.2% |
| Taxes, remuneration and social security | 45 | €1,654 | €75 | -€1,579 | -95.5% |
| Taxes | 450/3 | €1,654 | €75 | -€1,579 | -95.5% |
| Other amounts payable | 47/48 | €160,394 | €206,251 | +€45,858 | +28.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,290 | €2,983 | -€307 | -9.3% |
| Other operating charges | 640/8 | €5,553 | €1,954 | -€3,599 | -64.8% |
| Gross operating margin | 9900 | -€5,792 | €9,580 | +€15,372 | |
| Operating profit (loss) | 9901 | -€14,635 | €4,643 | +€19,277 | |
| Financial income | 75/76B | €5,011 | €0 | -€5,011 | -100.0% |
| Recurring financial income | 75 | €53 | €0 | -€53 | -100.0% |
| Non-recurring financial income | 76B | €4,959 | €0 | -€4,959 | -100.0% |
| Financial charges | 65/66B | €196 | €126 | -€70 | -35.9% |
| Recurring financial charges | 65 | €196 | €126 | -€70 | -35.9% |
| Profit (loss) for the period before taxes | 9903 | -€9,819 | €4,517 | +€14,336 | |
| Profit (loss) for the period | 9904 | -€9,819 | €4,517 | +€14,336 | |
| Profit (loss) for the period to be appropriated | 9905 | -€9,819 | €4,517 | +€14,336 |
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 7 October 2026 via checked.be.