FvanZ: 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.
FvanZ
Largest movements
- Cash -€53,162
down €53,162 (-35.2%), from €150,941 to €97,778
mainly Net result for the year (-€25,365) and Debts after one year (-€25,251)
- Tangible fixed assets -€26,066
down €26,066 (-14.9%), from €174,643 to €148,577
of which Furniture and vehicles: -€18,295
- Receivables within one year +€14,178
up €14,178 (+85.8%), from €16,532 to €30,710
of which Trade receivables: +€11,449
- Profit (loss) carried forward -€25,365
down €25,365 (-13.9%), from €182,440 to €157,076
- Debts after one year -€25,251
down €25,251 (-25.1%), from €100,481 to €75,230
- Other debts -€10,439
down €10,439 (-57.7%), from €18,104 to €7,665
- Tax, wage and social debts -€7,123
down €7,123 (-74.6%), from €9,546 to €2,423
of which Remuneration and social security: -€5,251
- Gross operating margin -€56,119
down €56,119 (-63.4%), from €88,534 to €32,415
- Staff costs -€8,136
down €8,136 (-40.8%), from €19,945 to €11,809
- Taxes -€5,676
down €5,676 (-87.8%), from €6,462 to €786
- Financial charges -€1,198
down €1,198 (-18.2%), from €6,590 to €5,392
- Depreciation -€937
down €937 (-2.6%), from €35,696 to €34,759
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 | €348,521 | €281,987 | -€66,534 | -19.1% |
| Fixed assets | 21/28 | €175,959 | €149,893 | -€26,066 | -14.8% |
| Tangible fixed assets | 22/27 | €174,643 | €148,577 | -€26,066 | -14.9% |
| Furniture and vehicles | 24 | €61,452 | €43,157 | -€18,295 | -29.8% |
| Other tangible fixed assets | 26 | €113,191 | €105,420 | -€7,771 | -6.9% |
| Financial fixed assets | 28 | €1,316 | €1,316 | = | 0.0% |
| Current assets | 29/58 | €172,562 | €132,094 | -€40,469 | -23.5% |
| Amounts receivable within one year | 40/41 | €16,532 | €30,710 | +€14,178 | +85.8% |
| Trade receivables | 40 | €14,993 | €26,442 | +€11,449 | +76.4% |
| Other amounts receivable | 41 | €1,538 | €4,268 | +€2,729 | +177% |
| Cash at bank and in hand | 54/58 | €150,941 | €97,778 | -€53,162 | -35.2% |
| Deferred charges and accrued income | 490/1 | €5,090 | €3,606 | -€1,484 | -29.2% |
| Total equity and liabilities | 10/49 | €348,521 | €281,987 | -€66,534 | -19.1% |
| Equity | 10/15 | €190,500 | €165,136 | -€25,365 | -13.3% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €182,440 | €157,076 | -€25,365 | -13.9% |
| Amounts payable | 17/49 | €158,020 | €116,851 | -€41,170 | -26.1% |
| Amounts payable after more than one year | 17 | €100,481 | €75,230 | -€25,251 | -25.1% |
| Financial debts | 170/4 | €100,481 | €75,230 | -€25,251 | -25.1% |
| Amounts payable within one year | 42/48 | €55,820 | €41,304 | -€14,516 | -26.0% |
| Current portion of amounts payable after more than one year | 42 | €24,191 | €25,251 | +€1,060 | +4.4% |
| Trade debts | 44 | €3,979 | €5,965 | +€1,987 | +49.9% |
| Suppliers | 440/4 | €3,979 | €5,965 | +€1,987 | +49.9% |
| Taxes, remuneration and social security | 45 | €9,546 | €2,423 | -€7,123 | -74.6% |
| Taxes | 450/3 | €4,296 | €2,423 | -€1,873 | -43.6% |
| Remuneration and social security | 454/9 | €5,251 | €0 | -€5,251 | -100% |
| Other amounts payable | 47/48 | €18,104 | €7,665 | -€10,439 | -57.7% |
| Accrued charges and deferred income | 492/3 | €1,719 | €316 | -€1,403 | -81.6% |
| Non-recurring operating income | 76A | €1,295 | €0 | -€1,295 | -100% |
| Remuneration, social security and pensions | 62 | €19,945 | €11,809 | -€8,136 | -40.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €35,696 | €34,759 | -€937 | -2.6% |
| Other operating charges | 640/8 | €2,961 | €2,989 | +€28 | +0.9% |
| Non-recurring operating charges | 66A | €2,395 | €2,045 | -€351 | -14.6% |
| Gross operating margin | 9900 | €88,534 | €32,415 | -€56,119 | -63.4% |
| Operating profit (loss) | 9901 | €27,537 | -€19,187 | -€46,723 | |
| Financial income | 75/76B | €19 | €1 | -€18 | -96.8% |
| Recurring financial income | 75 | €19 | €1 | -€18 | -96.8% |
| Financial charges | 65/66B | €6,590 | €5,392 | -€1,198 | -18.2% |
| Recurring financial charges | 65 | €6,590 | €5,392 | -€1,198 | -18.2% |
| Profit (loss) for the period before taxes | 9903 | €20,965 | -€24,578 | -€45,544 | |
| Income taxes | 67/77 | €6,462 | €786 | -€5,676 | -87.8% |
| Profit (loss) for the period | 9904 | €14,504 | -€25,365 | -€39,868 | |
| Profit (loss) for the period to be appropriated | 9905 | €14,504 | -€25,365 | -€39,868 |
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.