FONVIM: 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.
FONVIM
Largest movements
- Cash +€834,620
up €834,620 (+242.8%), from €343,794 to €1.2m
mainly Net result for the year (+€518,296) and Other debts (+€400,000)
- Tangible fixed assets -€194,881
down €194,881 (-13.7%), from €1.4m to €1.2m
of which Land and buildings: -€169,239
- Receivables within one year -€124,928
down €124,928 (-18.9%), from €660,081 to €535,153
of which Other amounts receivable: -€120,765
- Other debts +€400,000
new in 2026: €400,000
- Profit (loss) carried forward +€118,296
up €118,296 (+5.3%), from €2.2m to €2.4m
- Gross operating margin -€292,406
down €292,406 (-23.7%), from €1.2m to €939,177
- Depreciation -€85,530
down €85,530 (-30.5%), from €280,410 to €194,880
- Other operating charges +€73,251
up €73,251 (+18927.9%), from €387 to €73,638
- Taxes -€70,720
down €70,720 (-29.0%), from €243,485 to €172,765
From the 2025 result to the 2026 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 2025 and 2026 balance sheets and the 2026 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €2,427,450 | €2,942,261 | +€514,811 | +21.2% |
| Fixed assets | 21/28 | €1,423,575 | €1,228,694 | -€194,881 | -13.7% |
| Tangible fixed assets | 22/27 | €1,423,575 | €1,228,694 | -€194,881 | -13.7% |
| Land and buildings | 22 | €1,374,310 | €1,205,071 | -€169,239 | -12.3% |
| Other tangible fixed assets | 26 | €49,265 | €23,623 | -€25,642 | -52.0% |
| Current assets | 29/58 | €1,003,875 | €1,713,567 | +€709,692 | +70.7% |
| Amounts receivable within one year | 40/41 | €660,081 | €535,153 | -€124,928 | -18.9% |
| Trade receivables | 40 | €35,081 | €30,918 | -€4,163 | -11.9% |
| Other amounts receivable | 41 | €625,000 | €504,235 | -€120,765 | -19.3% |
| Cash at bank and in hand | 54/58 | €343,794 | €1,178,414 | +€834,620 | +242.8% |
| Total equity and liabilities | 10/49 | €2,427,450 | €2,942,261 | +€514,811 | +21.2% |
| Equity | 10/15 | €2,423,965 | €2,542,261 | +€118,296 | +4.9% |
| Contributions | 10/11 | €158,199 | €158,199 | = | 0.0% |
| Capital | 10 | €158,199 | €158,199 | = | 0.0% |
| Issued capital | 100 | €158,199 | €158,199 | = | 0.0% |
| Reserves | 13 | €15,820 | €15,820 | = | 0.0% |
| Non-distributable reserves | 130/1 | €15,820 | €15,820 | = | 0.0% |
| Legal reserve | 130 | €15,820 | €15,820 | = | 0.0% |
| Profit (loss) carried forward | 14 | €2,249,946 | €2,368,242 | +€118,296 | +5.3% |
| Amounts payable | 17/49 | €3,485 | €400,000 | +€396,515 | +11377.8% |
| Amounts payable within one year | 42/48 | €3,485 | €400,000 | +€396,515 | +11377.8% |
| Taxes, remuneration and social security | 45 | €3,485 | - | -€3,485 | |
| Taxes | 450/3 | €3,485 | - | -€3,485 | |
| Other amounts payable | 47/48 | - | €400,000 | +€400,000 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €280,410 | €194,880 | -€85,530 | -30.5% |
| Other operating charges | 640/8 | €387 | €73,638 | +€73,251 | +18927.9% |
| Gross operating margin | 9900 | €1,231,583 | €939,177 | -€292,406 | -23.7% |
| Operating profit (loss) | 9901 | €950,786 | €670,659 | -€280,127 | -29.5% |
| Financial income | 75/76B | €12,680 | €20,441 | +€7,761 | +61.2% |
| Recurring financial income | 75 | €12,680 | €20,441 | +€7,761 | +61.2% |
| Financial charges | 65/66B | - | €39 | +€39 | |
| Recurring financial charges | 65 | - | €39 | +€39 | |
| Profit (loss) for the period before taxes | 9903 | €963,466 | €691,061 | -€272,405 | -28.3% |
| Income taxes | 67/77 | €243,485 | €172,765 | -€70,720 | -29.0% |
| Profit (loss) for the period | 9904 | €719,981 | €518,296 | -€201,685 | -28.0% |
| Transfer from tax-exempt reserves | 789 | €10,473 | - | -€10,473 | |
| Profit (loss) for the period to be appropriated | 9905 | €730,454 | €518,296 | -€212,158 | -29.0% |
Source: filed annual accounts (NBB), fiscal years ended 31 January 2025 and 31 January 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 29 September 2026 via checked.be.