FVB: 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.
FVB
Largest movements
- Cash +€35,400
up €35,400 (+110%), from €32,257 to €67,656
mainly Receivables within one year (+€28,157) and Net result for the year (+€18,083)
- Receivables within one year -€28,157
down €28,157 (-83.8%), from €33,604 to €5,447
of which Trade receivables: -€16,478
- Tangible fixed assets +€2,886
up €2,886 (+105%), from €2,762 to €5,648
of which Furniture and vehicles: +€1,810
- Reserves +€18,000
new in 2025: €18,000
- Tax, wage and social debts -€5,404
down €5,404 (-34.6%), from €15,639 to €10,234
- Other debts -€3,219
down €3,219 (-100%), from €3,219 to €0
- Gross operating margin -€12,181
down €12,181 (-30.8%), from €39,601 to €27,421
- Taxes -€1,651
down €1,651 (-18.1%), from €9,113 to €7,463
- Depreciation +€827
up €827 (+72.0%), from €1,148 to €1,975
- Financial charges +€622
up €622 (+974%), from €64 to €686
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 | €68,623 | €78,821 | +€10,198 | +14.9% |
| Fixed assets | 21/28 | €2,762 | €5,648 | +€2,886 | +105% |
| Tangible fixed assets | 22/27 | €2,762 | €5,648 | +€2,886 | +105% |
| Plant, machinery and equipment | 23 | - | €1,077 | +€1,077 | |
| Furniture and vehicles | 24 | €2,762 | €4,571 | +€1,810 | +65.5% |
| Current assets | 29/58 | €65,861 | €73,173 | +€7,312 | +11.1% |
| Amounts receivable within one year | 40/41 | €33,604 | €5,447 | -€28,157 | -83.8% |
| Trade receivables | 40 | €16,478 | €0 | -€16,478 | -100% |
| Other amounts receivable | 41 | €17,127 | €5,447 | -€11,680 | -68.2% |
| Cash at bank and in hand | 54/58 | €32,257 | €67,656 | +€35,400 | +110% |
| Deferred charges and accrued income | 490/1 | €0 | €69 | +€69 | |
| Total equity and liabilities | 10/49 | €68,623 | €78,821 | +€10,198 | +14.9% |
| Equity | 10/15 | €49,735 | €67,818 | +€18,083 | +36.4% |
| Contributions | 10/11 | €20,460 | €20,460 | = | 0.0% |
| Reserves | 13 | - | €18,000 | +€18,000 | |
| Distributable reserves | 133 | - | €18,000 | +€18,000 | |
| Profit (loss) carried forward | 14 | €29,275 | €29,358 | +€83 | +0.3% |
| Amounts payable | 17/49 | €18,888 | €11,003 | -€7,885 | -41.7% |
| Amounts payable within one year | 42/48 | €18,888 | €10,989 | -€7,899 | -41.8% |
| Trade debts | 44 | €30 | €755 | +€724 | +2,376% |
| Suppliers | 440/4 | €30 | €755 | +€724 | +2,376% |
| Taxes, remuneration and social security | 45 | €15,639 | €10,234 | -€5,404 | -34.6% |
| Taxes | 450/3 | €15,639 | €10,234 | -€5,404 | -34.6% |
| Other amounts payable | 47/48 | €3,219 | €0 | -€3,219 | -100% |
| Accrued charges and deferred income | 492/3 | - | €14 | +€14 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,148 | €1,975 | +€827 | +72.0% |
| Other operating charges | 640/8 | €530 | €400 | -€130 | -24.5% |
| Gross operating margin | 9900 | €39,601 | €27,421 | -€12,181 | -30.8% |
| Operating profit (loss) | 9901 | €37,924 | €25,046 | -€12,878 | -34.0% |
| Financial income | 75/76B | €1,349 | €1,186 | -€163 | -12.1% |
| Recurring financial income | 75 | €1,349 | €1,186 | -€163 | -12.1% |
| Financial charges | 65/66B | €64 | €686 | +€622 | +974% |
| Recurring financial charges | 65 | €64 | €686 | +€622 | +974% |
| Profit (loss) for the period before taxes | 9903 | €39,209 | €25,546 | -€13,663 | -34.8% |
| Income taxes | 67/77 | €9,113 | €7,463 | -€1,651 | -18.1% |
| Profit (loss) for the period | 9904 | €30,096 | €18,083 | -€12,012 | -39.9% |
| Profit (loss) for the period to be appropriated | 9905 | €30,096 | €18,083 | -€12,012 | -39.9% |
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.