FV ELECTRICS: 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.
FV ELECTRICS
Largest movements
- Tangible fixed assets +€323,992
up €323,992 (+686.4%), from €47,200 to €371,192
of which Land and buildings: +€304,901
- Cash -€19,800
down €19,800 (-25.9%), from €76,345 to €56,545
mainly Investment in fixed assets (net) (-€356,100) and Trade debts (-€5,326)
- Debts after one year +€221,116
up €221,116 (+1865.2%), from €11,855 to €232,971
- Other debts +€54,237
up €54,237 (+156.1%), from €34,740 to €88,978
- Reserves +€30,264
up €30,264 (+47.3%), from €63,998 to €94,263
- Current portion of long-term debt +€13,680
up €13,680 (+182.6%), from €7,491 to €21,171
- Trade debts -€5,326
down €5,326 (-35.0%), from €15,227 to €9,901
- Depreciation +€10,125
up €10,125 (+46.1%), from €21,983 to €32,108
- Financial charges +€7,866
up €7,866 (+725.6%), from €1,084 to €8,950
- Taxes -€5,030
down €5,030 (-34.0%), from €14,814 to €9,785
- Gross operating margin +€1,862
up €1,862 (+2.3%), from €80,644 to €82,507
- Other operating charges +€1,072
up €1,072 (+119.6%), from €896 to €1,967
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 | €153,127 | €462,073 | +€308,946 | +201.8% |
| Fixed assets | 21/28 | €48,100 | €372,092 | +€323,992 | +673.6% |
| Tangible fixed assets | 22/27 | €47,200 | €371,192 | +€323,992 | +686.4% |
| Land and buildings | 22 | - | €304,901 | +€304,901 | |
| Plant, machinery and equipment | 23 | €2,481 | €5,002 | +€2,521 | +101.6% |
| Furniture and vehicles | 24 | €44,719 | €61,290 | +€16,571 | +37.1% |
| Financial fixed assets | 28 | €900 | €900 | = | 0.0% |
| Current assets | 29/58 | €105,026 | €89,980 | -€15,046 | -14.3% |
| Stocks and contracts in progress | 3 | €14,767 | €18,408 | +€3,641 | +24.7% |
| Stocks | 30/36 | €14,767 | €18,408 | +€3,641 | +24.7% |
| Amounts receivable within one year | 40/41 | €13,915 | €15,027 | +€1,113 | +8.0% |
| Trade receivables | 40 | €11,311 | €11,066 | -€245 | -2.2% |
| Other amounts receivable | 41 | €2,603 | €3,961 | +€1,358 | +52.2% |
| Cash at bank and in hand | 54/58 | €76,345 | €56,545 | -€19,800 | -25.9% |
| Total equity and liabilities | 10/49 | €153,127 | €462,073 | +€308,946 | +201.8% |
| Equity | 10/15 | €68,998 | €99,263 | +€30,264 | +43.9% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €63,998 | €94,263 | +€30,264 | +47.3% |
| Distributable reserves | 133 | €63,998 | €94,263 | +€30,264 | +47.3% |
| Amounts payable | 17/49 | €84,128 | €362,810 | +€278,682 | +331.3% |
| Amounts payable after more than one year | 17 | €11,855 | €232,971 | +€221,116 | +1865.2% |
| Financial debts | 170/4 | €11,855 | €232,971 | +€221,116 | +1865.2% |
| Amounts payable within one year | 42/48 | €72,273 | €129,839 | +€57,565 | +79.6% |
| Current portion of amounts payable after more than one year | 42 | €7,491 | €21,171 | +€13,680 | +182.6% |
| Trade debts | 44 | €15,227 | €9,901 | -€5,326 | -35.0% |
| Suppliers | 440/4 | €15,227 | €9,901 | -€5,326 | -35.0% |
| Taxes, remuneration and social security | 45 | €14,814 | €9,789 | -€5,025 | -33.9% |
| Taxes | 450/3 | €14,814 | €9,789 | -€5,025 | -33.9% |
| Other amounts payable | 47/48 | €34,740 | €88,978 | +€54,237 | +156.1% |
| Non-recurring operating income | 76A | - | €10,733 | +€10,733 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €21,983 | €32,108 | +€10,125 | +46.1% |
| Other operating charges | 640/8 | €896 | €1,967 | +€1,072 | +119.6% |
| Gross operating margin | 9900 | €80,644 | €82,507 | +€1,862 | +2.3% |
| Operating profit (loss) | 9901 | €57,766 | €48,432 | -€9,334 | -16.2% |
| Financial income | 75/76B | €13 | €568 | +€554 | +4118.4% |
| Recurring financial income | 75 | €13 | €568 | +€554 | +4118.4% |
| Financial charges | 65/66B | €1,084 | €8,950 | +€7,866 | +725.6% |
| Recurring financial charges | 65 | €1,084 | €8,950 | +€7,866 | +725.6% |
| Profit (loss) for the period before taxes | 9903 | €56,695 | €40,049 | -€16,646 | -29.4% |
| Income taxes | 67/77 | €14,814 | €9,785 | -€5,030 | -34.0% |
| Profit (loss) for the period | 9904 | €41,881 | €30,264 | -€11,617 | -27.7% |
| Profit (loss) for the period to be appropriated | 9905 | €41,881 | €30,264 | -€11,617 | -27.7% |
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 3 October 2026 via checked.be.