FRV CONSULT: 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.
FRV CONSULT
Largest movements
- Cash +€61,393
up €61,393 (+30.9%), from €198,786 to €260,179
mainly Net result for the year (+€85,827) and Depreciation (+€3,457)
- Receivables within one year +€16,722
up €16,722 (+82.3%), from €20,328 to €37,050
of which Trade receivables: +€13,470
- Tangible fixed assets -€3,457
down €3,457 (-38.8%), from €8,909 to €5,452
- Reserves +€85,827
up €85,827 (+45.4%), from €188,916 to €274,743
- Tax, wage and social debts -€6,978
down €6,978 (-18.4%), from €37,888 to €30,910
of which Taxes: -€6,978
- Other debts -€3,337
down €3,337 (-19.5%), from €17,073 to €13,735
- Gross operating margin +€2,477
up €2,477 (+2.3%), from €108,561 to €111,038
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 | €251,940 | €323,992 | +€72,051 | +28.6% |
| Fixed assets | 21/28 | €8,909 | €5,452 | -€3,457 | -38.8% |
| Tangible fixed assets | 22/27 | €8,909 | €5,452 | -€3,457 | -38.8% |
| Furniture and vehicles | 24 | €8,909 | €5,452 | -€3,457 | -38.8% |
| Current assets | 29/58 | €243,031 | €318,540 | +€75,509 | +31.1% |
| Amounts receivable within one year | 40/41 | €20,328 | €37,050 | +€16,722 | +82.3% |
| Trade receivables | 40 | €20,328 | €33,798 | +€13,470 | +66.3% |
| Other amounts receivable | 41 | - | €3,252 | +€3,252 | |
| Cash at bank and in hand | 54/58 | €198,786 | €260,179 | +€61,393 | +30.9% |
| Deferred charges and accrued income | 490/1 | €23,917 | €21,311 | -€2,606 | -10.9% |
| Total equity and liabilities | 10/49 | €251,940 | €323,992 | +€72,051 | +28.6% |
| Equity | 10/15 | €191,916 | €277,743 | +€85,827 | +44.7% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €188,916 | €274,743 | +€85,827 | +45.4% |
| Distributable reserves | 133 | €188,916 | €274,743 | +€85,827 | +45.4% |
| Amounts payable | 17/49 | €60,024 | €46,249 | -€13,775 | -22.9% |
| Amounts payable after more than one year | 17 | €0 | - | = | |
| Financial debts | 170/4 | €0 | - | = | |
| Amounts payable within one year | 42/48 | €58,739 | €45,087 | -€13,651 | -23.2% |
| Current portion of amounts payable after more than one year | 42 | €2,830 | €0 | -€2,830 | -100% |
| Trade debts | 44 | €948 | €441 | -€506 | -53.4% |
| Suppliers | 440/4 | €948 | €441 | -€506 | -53.4% |
| Taxes, remuneration and social security | 45 | €37,888 | €30,910 | -€6,978 | -18.4% |
| Taxes | 450/3 | €35,058 | €28,080 | -€6,978 | -19.9% |
| Remuneration and social security | 454/9 | €2,830 | €2,830 | = | 0.0% |
| Other amounts payable | 47/48 | €17,073 | €13,735 | -€3,337 | -19.5% |
| Accrued charges and deferred income | 492/3 | €1,285 | €1,162 | -€124 | -9.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,457 | €3,457 | = | 0.0% |
| Other operating charges | 640/8 | €317 | €128 | -€189 | -59.6% |
| Gross operating margin | 9900 | €108,561 | €111,038 | +€2,477 | +2.3% |
| Operating profit (loss) | 9901 | €104,786 | €107,452 | +€2,666 | +2.5% |
| Financial income | 75/76B | €1,929 | €1,809 | -€121 | -6.2% |
| Recurring financial income | 75 | €1,929 | €1,809 | -€121 | -6.2% |
| Financial charges | 65/66B | €1,393 | €1,144 | -€249 | -17.9% |
| Recurring financial charges | 65 | €1,393 | €1,144 | -€249 | -17.9% |
| Profit (loss) for the period before taxes | 9903 | €105,323 | €108,117 | +€2,794 | +2.7% |
| Income taxes | 67/77 | €21,684 | €22,290 | +€606 | +2.8% |
| Profit (loss) for the period | 9904 | €83,638 | €85,827 | +€2,188 | +2.6% |
| Profit (loss) for the period to be appropriated | 9905 | €83,638 | €85,827 | +€2,188 | +2.6% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 25 October 2026 via checked.be.