FIVICAL: 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.
FIVICAL
Largest movements
- Cash +€54,525
up €54,525 (+164.4%), from €33,164 to €87,688
mainly Contributions, distributions and other (+€400,000) and Depreciation (+€44,173)
- Current investments +€32,500
up €32,500 (+154.8%), from €21,000 to €53,500
- Receivables within one year -€16,463
down €16,463 (-76.7%), from €21,472 to €5,009
- Tangible fixed assets -€11,323
down €11,323 (-1.4%), from €821,501 to €810,178
- Contributions +€400,000
up €400,000 (+148.1%), from €270,000 to €670,000
- Debts after one year -€365,000
no longer reported in 2025 (was €365,000)
- Other debts +€20,000
new in 2025: €20,000
- Financial charges -€5,902
down €5,902 (-30.9%), from €19,080 to €13,179
- Gross operating margin -€2,220
down €2,220 (-3.1%), from €70,573 to €68,352
- Depreciation +€1,906
up €1,906 (+4.5%), from €42,266 to €44,173
- Taxes +€1,220
up €1,220 (+150.0%), from €814 to €2,034
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 | €897,136 | €956,375 | +€59,239 | +6.6% |
| Fixed assets | 21/28 | €821,501 | €810,178 | -€11,323 | -1.4% |
| Tangible fixed assets | 22/27 | €821,501 | €810,178 | -€11,323 | -1.4% |
| Land and buildings | 22 | €821,501 | €810,178 | -€11,323 | -1.4% |
| Current assets | 29/58 | €75,635 | €146,197 | +€70,562 | +93.3% |
| Amounts receivable within one year | 40/41 | €21,472 | €5,009 | -€16,463 | -76.7% |
| Trade receivables | 40 | €21,472 | €5,009 | -€16,463 | -76.7% |
| Current investments | 50/53 | €21,000 | €53,500 | +€32,500 | +154.8% |
| Cash at bank and in hand | 54/58 | €33,164 | €87,688 | +€54,525 | +164.4% |
| Deferred charges and accrued income | 490/1 | €0 | - | = | |
| Total equity and liabilities | 10/49 | €897,136 | €956,375 | +€59,239 | +6.6% |
| Equity | 10/15 | €526,651 | €932,082 | +€405,431 | +77.0% |
| Contributions | 10/11 | €270,000 | €670,000 | +€400,000 | +148.1% |
| Reserves | 13 | €256,651 | €262,082 | +€5,431 | +2.1% |
| Non-distributable reserves | 130/1 | €11,963 | €11,963 | = | 0.0% |
| Reserves not available under the articles | 1311 | €11,963 | €11,963 | = | 0.0% |
| Distributable reserves | 133 | €244,688 | €250,119 | +€5,431 | +2.2% |
| Profit (loss) carried forward | 14 | €0 | - | = | |
| Amounts payable | 17/49 | €370,485 | €24,293 | -€346,192 | -93.4% |
| Amounts payable after more than one year | 17 | €365,000 | - | -€365,000 | |
| Financial debts | 170/4 | €365,000 | - | -€365,000 | |
| Amounts payable within one year | 42/48 | €5,485 | €23,968 | +€18,483 | +337.0% |
| Trade debts | 44 | €4,671 | €1,883 | -€2,788 | -59.7% |
| Suppliers | 440/4 | €4,671 | €1,883 | -€2,788 | -59.7% |
| Taxes, remuneration and social security | 45 | €814 | €2,085 | +€1,271 | +156.2% |
| Taxes | 450/3 | €814 | €2,085 | +€1,271 | +156.2% |
| Other amounts payable | 47/48 | - | €20,000 | +€20,000 | |
| Accrued charges and deferred income | 492/3 | - | €325 | +€325 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €42,266 | €44,173 | +€1,906 | +4.5% |
| Other operating charges | 640/8 | €3,437 | €3,535 | +€99 | +2.9% |
| Gross operating margin | 9900 | €70,573 | €68,352 | -€2,220 | -3.1% |
| Operating profit (loss) | 9901 | €24,870 | €20,644 | -€4,226 | -17.0% |
| Financial charges | 65/66B | €19,080 | €13,179 | -€5,902 | -30.9% |
| Recurring financial charges | 65 | €19,080 | €13,179 | -€5,902 | -30.9% |
| Profit (loss) for the period before taxes | 9903 | €5,789 | €7,465 | +€1,676 | +29.0% |
| Income taxes | 67/77 | €814 | €2,034 | +€1,220 | +150.0% |
| Profit (loss) for the period | 9904 | €4,975 | €5,431 | +€456 | +9.2% |
| Profit (loss) for the period to be appropriated | 9905 | €4,975 | €5,431 | +€456 | +9.2% |
Source: filed annual accounts (NBB), fiscal years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 3 October 2026 via checked.be.