FIVARY: 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.
FIVARY
Largest movements
- Tangible fixed assets -€72,072
down €72,072 (-6.5%), from €1.1m to €1.0m
of which Land and buildings: -€67,535
- Receivables within one year +€31,100
up €31,100 (+41.0%), from €75,830 to €106,930
of which Other amounts receivable: +€40,219
- Debts after one year -€427,600
down €427,600 (-25.2%), from €1.7m to €1.3m
of which Other amounts payable: -€1.7m
- Profit (loss) carried forward +€384,331
up €384,331 (+60.4%), from -€635,802 to -€251,471
- Gross operating margin +€431,825
up €431,825 (+846.7%), from €51,001 to €482,827
- Financial charges +€13,615
up €13,615 (+9304.2%), from €146 to €13,761
of which Financial charges: +€12,615
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 | €1,205,734 | €1,159,626 | -€46,108 | -3.8% |
| Fixed assets | 21/28 | €1,109,881 | €1,037,809 | -€72,072 | -6.5% |
| Tangible fixed assets | 22/27 | €1,109,881 | €1,037,809 | -€72,072 | -6.5% |
| Land and buildings | 22 | €1,084,943 | €1,017,409 | -€67,535 | -6.2% |
| Plant, machinery and equipment | 23 | €21,307 | €17,980 | -€3,327 | -15.6% |
| Furniture and vehicles | 24 | €3,630 | €2,420 | -€1,210 | -33.3% |
| Current assets | 29/58 | €95,854 | €121,817 | +€25,963 | +27.1% |
| Amounts receivable within one year | 40/41 | €75,830 | €106,930 | +€31,100 | +41.0% |
| Trade receivables | 40 | €69,584 | €60,466 | -€9,118 | -13.1% |
| Other amounts receivable | 41 | €6,246 | €46,464 | +€40,219 | +644.0% |
| Cash at bank and in hand | 54/58 | €19,891 | €14,749 | -€5,142 | -25.9% |
| Deferred charges and accrued income | 490/1 | €133 | €138 | +€5 | +3.9% |
| Total equity and liabilities | 10/49 | €1,205,734 | €1,159,626 | -€46,108 | -3.8% |
| Equity | 10/15 | -€515,262 | -€130,931 | +€384,331 | +74.6% |
| Contributions | 10/11 | €118,600 | €118,600 | = | 0.0% |
| Reserves | 13 | €1,940 | €1,940 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,730 | €1,730 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,730 | €1,730 | = | 0.0% |
| Tax-exempt reserves | 132 | €210 | €210 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€635,802 | -€251,471 | +€384,331 | +60.4% |
| Amounts payable | 17/49 | €1,720,997 | €1,290,557 | -€430,440 | -25.0% |
| Amounts payable after more than one year | 17 | €1,699,200 | €1,271,600 | -€427,600 | -25.2% |
| Financial debts | 170/4 | - | €1,269,200 | +€1.3m | |
| Other amounts payable | 178/9 | €1,699,200 | €2,400 | -€1.7m | -99.9% |
| Amounts payable within one year | 42/48 | €21,797 | €18,719 | -€3,078 | -14.1% |
| Trade debts | 44 | €20,755 | €18,358 | -€2,397 | -11.5% |
| Suppliers | 440/4 | €20,755 | €18,358 | -€2,397 | -11.5% |
| Taxes, remuneration and social security | 45 | €505 | €361 | -€145 | -28.7% |
| Taxes | 450/3 | €505 | €361 | -€145 | -28.7% |
| Other amounts payable | 47/48 | €536 | €0 | -€536 | -100.0% |
| Accrued charges and deferred income | 492/3 | - | €238 | +€238 | |
| Non-recurring operating income | 76A | €0 | €431,500 | +€431,500 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €72,256 | €72,072 | -€184 | -0.3% |
| Other operating charges | 640/8 | €14,075 | €13,504 | -€572 | -4.1% |
| Gross operating margin | 9900 | €51,001 | €482,827 | +€431,825 | +846.7% |
| Operating profit (loss) | 9901 | -€35,330 | €397,252 | +€432,582 | |
| Financial income | 75/76B | €12 | €1,013 | +€1,001 | +8409.7% |
| Recurring financial income | 75 | €12 | €13 | +€1 | +6.3% |
| Non-recurring financial income | 76B | - | €1,000 | +€1,000 | |
| Financial charges | 65/66B | €146 | €13,761 | +€13,615 | +9304.2% |
| Recurring financial charges | 65 | €146 | €12,761 | +€12,615 | +8620.8% |
| Non-recurring financial charges | 66B | - | €1,000 | +€1,000 | |
| Profit (loss) for the period before taxes | 9903 | -€35,464 | €384,503 | +€419,967 | |
| Income taxes | 67/77 | €189 | €172 | -€17 | -9.1% |
| Profit (loss) for the period | 9904 | -€35,653 | €384,331 | +€419,985 | |
| Profit (loss) for the period to be appropriated | 9905 | -€35,653 | €384,331 | +€419,985 |
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 9 October 2026 via checked.be.