FKV: 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.
FKV
Largest movements
- Receivables within one year +€161,762
up €161,762 (+36.5%), from €443,110 to €604,872
of which Trade receivables: +€166,133
- Tangible fixed assets -€157,456
down €157,456 (-12.1%), from €1.3m to €1.1m
of which Land and buildings: -€91,940
- Cash +€18,189
new in 2025: €18,189
mainly Depreciation (+€103,540) and Net result for the year (+€83,739)
- Debts after one year -€85,587
down €85,587 (-12.3%), from €698,372 to €612,785
- Profit (loss) carried forward +€83,738
up €83,738 (+60.1%), from -€139,264 to -€55,525
- Other debts +€34,135
up €34,135 (+6.9%), from €495,258 to €529,393
- Trade debts -€23,315
down €23,315 (-74.6%), from €31,246 to €7,931
- Gross operating margin +€82,742
up €82,742 (+57.5%), from €143,872 to €226,614
- Depreciation -€21,144
down €21,144 (-17.0%), from €124,684 to €103,540
- Financial charges -€4,761
down €4,761 (-22.1%), from €21,529 to €16,769
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 | €1,762,996 | €1,773,815 | +€10,820 | +0.6% |
| Fixed assets | 21/28 | €1,305,690 | €1,148,234 | -€157,456 | -12.1% |
| Tangible fixed assets | 22/27 | €1,305,525 | €1,148,069 | -€157,456 | -12.1% |
| Land and buildings | 22 | €1,215,981 | €1,124,041 | -€91,940 | -7.6% |
| Plant, machinery and equipment | 23 | €12,072 | €6,140 | -€5,932 | -49.1% |
| Furniture and vehicles | 24 | €77,472 | €17,888 | -€59,583 | -76.9% |
| Financial fixed assets | 28 | €165 | €165 | = | 0.0% |
| Current assets | 29/58 | €457,306 | €625,581 | +€168,275 | +36.8% |
| Amounts receivable within one year | 40/41 | €443,110 | €604,872 | +€161,762 | +36.5% |
| Trade receivables | 40 | €438,740 | €604,872 | +€166,133 | +37.9% |
| Other amounts receivable | 41 | €4,370 | - | -€4,370 | |
| Current investments | 50/53 | €14,196 | - | -€14,196 | |
| Cash at bank and in hand | 54/58 | - | €18,189 | +€18,189 | |
| Deferred charges and accrued income | 490/1 | - | €2,520 | +€2,520 | |
| Total equity and liabilities | 10/49 | €1,762,996 | €1,773,815 | +€10,820 | +0.6% |
| Equity | 10/15 | €454,367 | €538,106 | +€83,738 | +18.4% |
| Contributions | 10/11 | €61,500 | €61,500 | = | 0.0% |
| Capital | 10 | €61,500 | €61,500 | = | 0.0% |
| Issued capital | 100 | €61,500 | €61,500 | = | 0.0% |
| Revaluation surpluses | 12 | €188,450 | €188,450 | = | 0.0% |
| Reserves | 13 | €343,681 | €343,681 | = | 0.0% |
| Non-distributable reserves | 130/1 | €6,150 | €6,150 | = | 0.0% |
| Legal reserve | 130 | €6,150 | €6,150 | = | 0.0% |
| Distributable reserves | 133 | €337,531 | €337,531 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€139,264 | -€55,525 | +€83,738 | +60.1% |
| Amounts payable | 17/49 | €1,308,628 | €1,235,709 | -€72,919 | -5.6% |
| Amounts payable after more than one year | 17 | €698,372 | €612,785 | -€85,587 | -12.3% |
| Financial debts | 170/4 | €698,372 | €612,785 | -€85,587 | -12.3% |
| Amounts payable within one year | 42/48 | €610,256 | €622,924 | +€12,668 | +2.1% |
| Current portion of amounts payable after more than one year | 42 | €83,752 | €85,587 | +€1,834 | +2.2% |
| Trade debts | 44 | €31,246 | €7,931 | -€23,315 | -74.6% |
| Suppliers | 440/4 | €31,246 | €7,931 | -€23,315 | -74.6% |
| Taxes, remuneration and social security | 45 | - | €13 | +€13 | |
| Taxes | 450/3 | - | €13 | +€13 | |
| Other amounts payable | 47/48 | €495,258 | €529,393 | +€34,135 | +6.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €124,684 | €103,540 | -€21,144 | -17.0% |
| Other operating charges | 640/8 | €21,656 | €22,577 | +€921 | +4.3% |
| Gross operating margin | 9900 | €143,872 | €226,614 | +€82,742 | +57.5% |
| Operating profit (loss) | 9901 | -€2,469 | €100,496 | +€102,965 | |
| Financial income | 75/76B | €474 | €11 | -€463 | -97.7% |
| Recurring financial income | 75 | €474 | €11 | -€463 | -97.7% |
| Financial charges | 65/66B | €21,529 | €16,769 | -€4,761 | -22.1% |
| Recurring financial charges | 65 | €21,529 | €16,769 | -€4,761 | -22.1% |
| Profit (loss) for the period before taxes | 9903 | -€23,524 | €83,739 | +€107,262 | |
| Profit (loss) for the period | 9904 | -€23,524 | €83,739 | +€107,262 | |
| Profit (loss) for the period to be appropriated | 9905 | -€23,524 | €83,739 | +€107,262 |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 29 September 2026 via checked.be.