Fivaltis: 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.
Fivaltis
Largest movements
- Cash +€164,172
up €164,172 (+1360.4%), from €12,068 to €176,240
mainly Net result for the year (+€269,886) and Receivables within one year (+€76,904)
- Receivables within one year -€76,904
down €76,904 (-73.6%), from €104,442 to €27,538
of which Other amounts receivable: -€96,318
- Deferred charges and accrued income -€22,894
down €22,894 (-89.6%), from €25,552 to €2,658
- Other debts +€64,886
up €64,886 (+31.7%), from €205,000 to €269,886
- Financial income +€60,390
up €60,390 (+73.0%), from €82,706 to €143,096
- Taxes -€4,553
down €4,553 (-10.4%), from €43,961 to €39,408
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 | €554,603 | €618,475 | +€63,871 | +11.5% |
| Fixed assets | 21/28 | €412,542 | €412,039 | -€503 | -0.1% |
| Tangible fixed assets | 22/27 | €1,242 | €739 | -€503 | -40.5% |
| Furniture and vehicles | 24 | €623 | €438 | -€185 | -29.7% |
| Other tangible fixed assets | 26 | €619 | €301 | -€318 | -51.4% |
| Financial fixed assets | 28 | €411,300 | €411,300 | = | 0.0% |
| Current assets | 29/58 | €142,062 | €206,436 | +€64,374 | +45.3% |
| Amounts receivable within one year | 40/41 | €104,442 | €27,538 | -€76,904 | -73.6% |
| Trade receivables | 40 | - | €19,414 | +€19,414 | |
| Other amounts receivable | 41 | €104,442 | €8,124 | -€96,318 | -92.2% |
| Cash at bank and in hand | 54/58 | €12,068 | €176,240 | +€164,172 | +1360.4% |
| Deferred charges and accrued income | 490/1 | €25,552 | €2,658 | -€22,894 | -89.6% |
| Total equity and liabilities | 10/49 | €554,603 | €618,475 | +€63,871 | +11.5% |
| Equity | 10/15 | €330,083 | €330,083 | = | 0.0% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €324,000 | €324,000 | = | 0.0% |
| Distributable reserves | 133 | €324,000 | €324,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €1,083 | €1,083 | = | 0.0% |
| Amounts payable | 17/49 | €224,521 | €288,392 | +€63,871 | +28.4% |
| Amounts payable within one year | 42/48 | €224,521 | €288,392 | +€63,871 | +28.4% |
| Trade debts | 44 | €1,308 | €2,227 | +€919 | +70.2% |
| Suppliers | 440/4 | €1,308 | €2,227 | +€919 | +70.2% |
| Taxes, remuneration and social security | 45 | €18,212 | €16,279 | -€1,933 | -10.6% |
| Taxes | 450/3 | €18,212 | €16,279 | -€1,933 | -10.6% |
| Other amounts payable | 47/48 | €205,000 | €269,886 | +€64,886 | +31.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €503 | €503 | = | 0.0% |
| Other operating charges | 640/8 | €505 | €564 | +€58 | +11.6% |
| Gross operating margin | 9900 | €168,142 | €167,547 | -€595 | -0.4% |
| Operating profit (loss) | 9901 | €167,134 | €166,480 | -€654 | -0.4% |
| Financial income | 75/76B | €82,706 | €143,096 | +€60,390 | +73.0% |
| Recurring financial income | 75 | €82,706 | €143,096 | +€60,390 | +73.0% |
| Financial charges | 65/66B | €281 | €283 | +€2 | +0.7% |
| Recurring financial charges | 65 | €281 | €283 | +€2 | +0.7% |
| Profit (loss) for the period before taxes | 9903 | €249,559 | €309,293 | +€59,735 | +23.9% |
| Income taxes | 67/77 | €43,961 | €39,408 | -€4,553 | -10.4% |
| Profit (loss) for the period | 9904 | €205,598 | €269,886 | +€64,288 | +31.3% |
| Profit (loss) for the period to be appropriated | 9905 | €205,598 | €269,886 | +€64,288 | +31.3% |
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 11 October 2026 via checked.be.