FV TECH: 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.
FV TECH
Largest movements
- Receivables within one year +€26,040
up €26,040 (+909%), from €2,864 to €28,904
of which Trade receivables: +€13,590
- Cash -€21,800
down €21,800 (-72.7%), from €29,991 to €8,190
mainly Receivables within one year (-€26,040) and Trade debts (-€24,547)
- Tangible fixed assets -€7,894
down €7,894 (-47.2%), from €16,713 to €8,819
of which Furniture and vehicles: -€5,132
- Deferred charges and accrued income -€2,075
down €2,075 (-44.7%), from €4,638 to €2,563
- Trade debts -€24,547
no longer reported in 2025 (was €24,547)
- Reserves +€18,556
new in 2025: €18,556
- Profit (loss) carried forward +€16,784
no longer reported in 2025 (was -€16,784)
- Tax, wage and social debts -€16,268
down €16,268 (-52.4%), from €31,064 to €14,796
of which Remuneration and social security: -€26,022
- Gross operating margin +€67,807
up €67,807, from -€6,588 to €61,219
- Taxes +€9,692
up €9,692 (+6,345%), from €153 to €9,845
- Staff costs +€3,657
up €3,657 (+212%), from €1,723 to €5,380
- Depreciation +€1,504
up €1,504 (+20.2%), from €7,442 to €8,946
- Other operating charges +€644
up €644 (+83.5%), from €772 to €1,416
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 | €54,206 | €48,476 | -€5,730 | -10.6% |
| Fixed assets | 21/28 | €16,713 | €8,819 | -€7,894 | -47.2% |
| Tangible fixed assets | 22/27 | €16,713 | €8,819 | -€7,894 | -47.2% |
| Plant, machinery and equipment | 23 | €2,762 | - | -€2,762 | |
| Furniture and vehicles | 24 | €13,951 | €8,819 | -€5,132 | -36.8% |
| Current assets | 29/58 | €37,493 | €39,657 | +€2,164 | +5.8% |
| Amounts receivable within one year | 40/41 | €2,864 | €28,904 | +€26,040 | +909% |
| Trade receivables | 40 | €56 | €13,646 | +€13,590 | +24,289% |
| Other amounts receivable | 41 | €2,808 | €15,258 | +€12,450 | +443% |
| Cash at bank and in hand | 54/58 | €29,991 | €8,190 | -€21,800 | -72.7% |
| Deferred charges and accrued income | 490/1 | €4,638 | €2,563 | -€2,075 | -44.7% |
| Total equity and liabilities | 10/49 | €54,206 | €48,476 | -€5,730 | -10.6% |
| Equity | 10/15 | -€1,784 | €33,556 | +€35,340 | |
| Contributions | 10/11 | €15,000 | €15,000 | = | 0.0% |
| Reserves | 13 | - | €18,556 | +€18,556 | |
| Distributable reserves | 133 | - | €18,556 | +€18,556 | |
| Profit (loss) carried forward | 14 | -€16,784 | - | +€16,784 | |
| Amounts payable | 17/49 | €55,989 | €14,920 | -€41,069 | -73.4% |
| Amounts payable within one year | 42/48 | €55,989 | €14,920 | -€41,069 | -73.4% |
| Trade debts | 44 | €24,547 | - | -€24,547 | |
| Suppliers | 440/4 | €24,547 | - | -€24,547 | |
| Taxes, remuneration and social security | 45 | €31,064 | €14,796 | -€16,268 | -52.4% |
| Taxes | 450/3 | €153 | €9,907 | +€9,754 | +6,386% |
| Remuneration and social security | 454/9 | €30,912 | €4,889 | -€26,022 | -84.2% |
| Other amounts payable | 47/48 | €378 | €124 | -€255 | -67.3% |
| Remuneration, social security and pensions | 62 | €1,723 | €5,380 | +€3,657 | +212% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,442 | €8,946 | +€1,504 | +20.2% |
| Other operating charges | 640/8 | €772 | €1,416 | +€644 | +83.5% |
| Gross operating margin | 9900 | -€6,588 | €61,219 | +€67,807 | |
| Operating profit (loss) | 9901 | -€16,525 | €45,476 | +€62,001 | |
| Financial income | 75/76B | €30 | €150 | +€120 | +395% |
| Recurring financial income | 75 | €30 | €150 | +€120 | +395% |
| Financial charges | 65/66B | €137 | €443 | +€306 | +224% |
| Recurring financial charges | 65 | €137 | €443 | +€306 | +224% |
| Profit (loss) for the period before taxes | 9903 | -€16,631 | €45,184 | +€61,815 | |
| Income taxes | 67/77 | €153 | €9,845 | +€9,692 | +6,345% |
| Profit (loss) for the period | 9904 | -€16,784 | €35,340 | +€52,123 | |
| Profit (loss) for the period to be appropriated | 9905 | -€16,784 | €35,340 | +€52,123 |
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 15 October 2026 via checked.be.