FVB: 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.
FVB
Largest movements
- Tangible fixed assets -€18,457
down €18,457 (-32.0%), from €57,757 to €39,300
of which Leasing and similar rights: -€14,260
- Cash +€4,575
up €4,575 (+19.4%), from €23,558 to €28,134
mainly Depreciation (+€18,457) and Net result for the year (+€5,289)
- Receivables within one year +€1,181
up €1,181 (+46.0%), from €2,569 to €3,750
of which Trade receivables: +€2,732
- Debts after one year -€13,856
down €13,856 (-40.3%), from €34,354 to €20,497
- Profit (loss) carried forward +€5,289
up €5,289 (+24.1%), from €21,965 to €27,253
- Trade debts -€3,602
down €3,602 (-96.1%), from €3,748 to €145
- Tax, wage and social debts -€2,750
down €2,750 (-16.0%), from €17,175 to €14,425
of which Remuneration and social security: -€13,114
- Other debts +€1,177
up €1,177 (+461.6%), from €255 to €1,432
- Staff costs -€11,072
down €11,072 (-14.4%), from €76,834 to €65,762
- Gross operating margin +€5,941
up €5,941 (+6.9%), from €86,040 to €91,981
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 | €92,125 | €79,002 | -€13,123 | -14.2% |
| Fixed assets | 21/28 | €57,757 | €39,300 | -€18,457 | -32.0% |
| Tangible fixed assets | 22/27 | €57,757 | €39,300 | -€18,457 | -32.0% |
| Plant, machinery and equipment | 23 | €10,284 | €6,612 | -€3,673 | -35.7% |
| Furniture and vehicles | 24 | €1,222 | €697 | -€525 | -42.9% |
| Leasing and similar rights | 25 | €46,251 | €31,991 | -€14,260 | -30.8% |
| Current assets | 29/58 | €34,368 | €39,702 | +€5,334 | +15.5% |
| Amounts receivable within one year | 40/41 | €2,569 | €3,750 | +€1,181 | +46.0% |
| Trade receivables | 40 | €733 | €3,465 | +€2,732 | +372.8% |
| Other amounts receivable | 41 | €1,836 | €285 | -€1,550 | -84.5% |
| Cash at bank and in hand | 54/58 | €23,558 | €28,134 | +€4,575 | +19.4% |
| Deferred charges and accrued income | 490/1 | €8,241 | €7,818 | -€423 | -5.1% |
| Total equity and liabilities | 10/49 | €92,125 | €79,002 | -€13,123 | -14.2% |
| Equity | 10/15 | €22,965 | €28,253 | +€5,289 | +23.0% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €21,965 | €27,253 | +€5,289 | +24.1% |
| Amounts payable | 17/49 | €69,161 | €50,749 | -€18,412 | -26.6% |
| Amounts payable after more than one year | 17 | €34,354 | €20,497 | -€13,856 | -40.3% |
| Financial debts | 170/4 | €34,354 | €20,497 | -€13,856 | -40.3% |
| Amounts payable within one year | 42/48 | €34,807 | €30,251 | -€4,556 | -13.1% |
| Current portion of amounts payable after more than one year | 42 | €13,630 | €14,250 | +€620 | +4.6% |
| Trade debts | 44 | €3,748 | €145 | -€3,602 | -96.1% |
| Suppliers | 440/4 | €3,748 | €145 | -€3,602 | -96.1% |
| Taxes, remuneration and social security | 45 | €17,175 | €14,425 | -€2,750 | -16.0% |
| Taxes | 450/3 | €4,061 | €14,425 | +€10,364 | +255.2% |
| Remuneration and social security | 454/9 | €13,114 | - | -€13,114 | |
| Other amounts payable | 47/48 | €255 | €1,432 | +€1,177 | +461.6% |
| Remuneration, social security and pensions | 62 | €76,834 | €65,762 | -€11,072 | -14.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €18,602 | €18,457 | -€144 | -0.8% |
| Other operating charges | 640/8 | €419 | €983 | +€564 | +134.4% |
| Gross operating margin | 9900 | €86,040 | €91,981 | +€5,941 | +6.9% |
| Operating profit (loss) | 9901 | -€9,815 | €6,779 | +€16,594 | |
| Financial income | 75/76B | €0 | €86 | +€86 | +29637.9% |
| Recurring financial income | 75 | €0 | €86 | +€86 | +29637.9% |
| Financial charges | 65/66B | €1,670 | €1,233 | -€436 | -26.1% |
| Recurring financial charges | 65 | €1,670 | €1,233 | -€436 | -26.1% |
| Profit (loss) for the period before taxes | 9903 | -€11,485 | €5,632 | +€17,116 | |
| Income taxes | 67/77 | €372 | €343 | -€30 | -8.0% |
| Profit (loss) for the period | 9904 | -€11,857 | €5,289 | +€17,146 | |
| Profit (loss) for the period to be appropriated | 9905 | -€11,857 | €5,289 | +€17,146 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 4 October 2026 via checked.be.