FIVERTI: 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.
FIVERTI
Largest movements
- Financial fixed assets +€21.7m
up €21.7m (+112.8%), from €19.3m to €41.0m
- Receivables within one year +€2.0m
up €2.0m (+316.3%), from €636,665 to €2.7m
- Cash -€750,306
down €750,306 (-78.1%), from €960,373 to €210,066
mainly Investment in fixed assets (net) (-€21.7m) and Receivables within one year (-€2.0m)
- Debts after one year +€23.2m
new in 2025: €23.2m
- Financial income +€96,772
up €96,772 (+43.4%), from €222,996 to €319,768
- Financial charges +€6,633
up €6,633 (+1683.2%), from €394 to €7,027
- Other operating charges +€317
up €317 (+11.5%), from €2,758 to €3,076
- Gross operating margin -€3
down €3 (-1.9%), from -€163 to -€167
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 | €21,727,287 | €44,951,953 | +€23.2m | +106.9% |
| Fixed assets | 21/28 | €19,269,992 | €41,014,860 | +€21.7m | +112.8% |
| Financial fixed assets | 28 | €19,269,992 | €41,014,860 | +€21.7m | +112.8% |
| Current assets | 29/58 | €2,457,295 | €3,937,093 | +€1.5m | +60.2% |
| Amounts receivable within one year | 40/41 | €636,665 | €2,650,243 | +€2.0m | +316.3% |
| Other amounts receivable | 41 | €636,665 | €2,650,243 | +€2.0m | +316.3% |
| Current investments | 50/53 | €854,315 | €1,066,435 | +€212,119 | +24.8% |
| Cash at bank and in hand | 54/58 | €960,373 | €210,066 | -€750,306 | -78.1% |
| Deferred charges and accrued income | 490/1 | €5,942 | €10,349 | +€4,407 | +74.2% |
| Total equity and liabilities | 10/49 | €21,727,287 | €44,951,953 | +€23.2m | +106.9% |
| Equity | 10/15 | €1,126,975 | €1,421,474 | +€294,499 | +26.1% |
| Contributions | 10/11 | €100,000 | €100,000 | = | 0.0% |
| Capital | 10 | €100,000 | €100,000 | = | 0.0% |
| Issued capital | 100 | €100,000 | €100,000 | = | 0.0% |
| Reserves | 13 | €10,000 | €10,000 | = | 0.0% |
| Non-distributable reserves | 130/1 | €10,000 | €10,000 | = | 0.0% |
| Legal reserve | 130 | €10,000 | €10,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €1,016,975 | €1,311,474 | +€294,499 | +29.0% |
| Amounts payable | 17/49 | €20,600,312 | €43,530,479 | +€22.9m | +111.3% |
| Amounts payable after more than one year | 17 | - | €23,200,000 | +€23.2m | |
| Financial debts | 170/4 | - | €23,200,000 | +€23.2m | |
| Amounts payable within one year | 42/48 | €20,600,312 | €20,330,479 | -€269,833 | -1.3% |
| Trade debts | 44 | €312 | €479 | +€167 | +53.4% |
| Suppliers | 440/4 | €312 | €479 | +€167 | +53.4% |
| Other amounts payable | 47/48 | €20,600,000 | €20,330,000 | -€270,000 | -1.3% |
| Other operating charges | 640/8 | €2,758 | €3,076 | +€317 | +11.5% |
| Gross operating margin | 9900 | -€163 | -€167 | -€3 | -1.9% |
| Operating profit (loss) | 9901 | -€2,922 | -€3,242 | -€320 | -11.0% |
| Financial income | 75/76B | €222,996 | €319,768 | +€96,772 | +43.4% |
| Recurring financial income | 75 | €222,996 | €319,768 | +€96,772 | +43.4% |
| Financial charges | 65/66B | €394 | €7,027 | +€6,633 | +1683.2% |
| Recurring financial charges | 65 | €394 | €7,027 | +€6,633 | +1683.2% |
| Profit (loss) for the period before taxes | 9903 | €219,680 | €309,499 | +€89,819 | +40.9% |
| Profit (loss) for the period | 9904 | €219,680 | €309,499 | +€89,819 | +40.9% |
| Profit (loss) for the period to be appropriated | 9905 | €219,680 | €309,499 | +€89,819 | +40.9% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.