FiVH Management: 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.
FiVH Management
Largest movements
- Receivables within one year -€51,483
down €51,483 (-25.7%), from €200,550 to €149,067
of which Other amounts receivable: -€47,483
- Tangible fixed assets -€26,946
down €26,946 (-20.5%), from €131,127 to €104,181
of which Furniture and vehicles: -€26,791
- Reserves -€109,841
down €109,841 (-27.6%), from €398,299 to €288,458
of which Distributable reserves: -€109,841
- Tax, wage and social debts -€67,194
down €67,194 (-97.4%), from €69,017 to €1,823
of which Taxes: -€60,638
- Trade debts +€59,775
up €59,775 (+65.6%), from €91,081 to €150,856
- Other debts +€36,374
up €36,374 (+510%), from €7,138 to €43,512
- Gross operating margin -€201,818
down €201,818, from €123,877 to -€77,941
- Taxes -€25,445
down €25,445 (-84.7%), from €30,047 to €4,602
- Depreciation +€23,920
up €23,920 (+791%), from €3,026 to €26,946
- Other operating charges -€2,713
down €2,713 (-68.8%), from €3,945 to €1,232
- Financial income +€1,248
up €1,248 (+12,137%), from €10 to €1,258
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.
Derived cash bridge
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 | €571,877 | €491,251 | -€80,626 | -14.1% |
| Fixed assets | 21/28 | €360,682 | €333,736 | -€26,946 | -7.5% |
| Tangible fixed assets | 22/27 | €131,127 | €104,181 | -€26,946 | -20.5% |
| Plant, machinery and equipment | 23 | €452 | €296 | -€155 | -34.4% |
| Furniture and vehicles | 24 | €130,675 | €103,884 | -€26,791 | -20.5% |
| Financial fixed assets | 28 | €229,556 | €229,556 | = | 0.0% |
| Current assets | 29/58 | €211,194 | €157,515 | -€53,680 | -25.4% |
| Amounts receivable within one year | 40/41 | €200,550 | €149,067 | -€51,483 | -25.7% |
| Trade receivables | 40 | €82,999 | €78,999 | -€4,000 | -4.8% |
| Other amounts receivable | 41 | €117,551 | €70,068 | -€47,483 | -40.4% |
| Cash at bank and in hand | 54/58 | €10,600 | €8,339 | -€2,261 | -21.3% |
| Deferred charges and accrued income | 490/1 | €45 | €109 | +€64 | +141% |
| Total equity and liabilities | 10/49 | €571,877 | €491,251 | -€80,626 | -14.1% |
| Equity | 10/15 | €404,637 | €294,796 | -€109,841 | -27.1% |
| Contributions | 10/11 | €6,338 | €6,338 | = | 0.0% |
| Reserves | 13 | €398,299 | €288,458 | -€109,841 | -27.6% |
| Non-distributable reserves | 130/1 | €2,000 | €2,000 | = | 0.0% |
| Reserves not available under the articles | 1311 | €2,000 | €2,000 | = | 0.0% |
| Distributable reserves | 133 | €396,299 | €286,458 | -€109,841 | -27.7% |
| Amounts payable | 17/49 | €167,240 | €196,455 | +€29,216 | +17.5% |
| Amounts payable within one year | 42/48 | €167,236 | €196,191 | +€28,955 | +17.3% |
| Trade debts | 44 | €91,081 | €150,856 | +€59,775 | +65.6% |
| Suppliers | 440/4 | €91,081 | €150,856 | +€59,775 | +65.6% |
| Taxes, remuneration and social security | 45 | €69,017 | €1,823 | -€67,194 | -97.4% |
| Taxes | 450/3 | €62,461 | €1,823 | -€60,638 | -97.1% |
| Remuneration and social security | 454/9 | €6,556 | €0 | -€6,556 | -100% |
| Other amounts payable | 47/48 | €7,138 | €43,512 | +€36,374 | +510% |
| Accrued charges and deferred income | 492/3 | €4 | €265 | +€261 | +6,465% |
| Non-recurring operating income | 76A | €5,007 | €0 | -€5,007 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,026 | €26,946 | +€23,920 | +791% |
| Other operating charges | 640/8 | €3,945 | €1,232 | -€2,713 | -68.8% |
| Gross operating margin | 9900 | €123,877 | -€77,941 | -€201,818 | |
| Operating profit (loss) | 9901 | €116,907 | -€106,119 | -€223,026 | |
| Financial income | 75/76B | €10 | €1,258 | +€1,248 | +12,137% |
| Recurring financial income | 75 | €10 | €1,258 | +€1,248 | +12,137% |
| Financial charges | 65/66B | €1,234 | €378 | -€856 | -69.3% |
| Recurring financial charges | 65 | €1,234 | €378 | -€856 | -69.3% |
| Profit (loss) for the period before taxes | 9903 | €115,683 | -€105,239 | -€220,922 | |
| Income taxes | 67/77 | €30,047 | €4,602 | -€25,445 | -84.7% |
| Profit (loss) for the period | 9904 | €85,636 | -€109,841 | -€195,477 | |
| Profit (loss) for the period to be appropriated | 9905 | €85,636 | -€109,841 | -€195,477 |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 19 October 2026 via checked.be.