FVB INVEST: 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 INVEST
Largest movements
- Tangible fixed assets -€37,312
down €37,312 (-3.4%), from €1.1m to €1.1m
- Cash +€17,741
up €17,741 (+65.4%), from €27,131 to €44,872
mainly Depreciation (+€37,312) and Net result for the year (+€8,499)
- Debts after one year -€17,804
down €17,804 (-9.0%), from €197,643 to €179,839
- Gross operating margin +€6,501
up €6,501 (+7.2%), from €89,855 to €96,357
- Other operating charges +€2,249
up €2,249 (+18.8%), from €11,938 to €14,186
- Taxes +€1,124
up €1,124 (+54.6%), from €2,060 to €3,183
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 | €1,130,145 | €1,118,619 | -€11,526 | -1.0% |
| Fixed assets | 21/28 | €1,089,523 | €1,052,210 | -€37,312 | -3.4% |
| Tangible fixed assets | 22/27 | €1,089,523 | €1,052,210 | -€37,312 | -3.4% |
| Land and buildings | 22 | €1,089,523 | €1,052,210 | -€37,312 | -3.4% |
| Current assets | 29/58 | €40,623 | €66,408 | +€25,786 | +63.5% |
| Amounts receivable within one year | 40/41 | €13,491 | €21,536 | +€8,045 | +59.6% |
| Other amounts receivable | 41 | €13,491 | €21,536 | +€8,045 | +59.6% |
| Cash at bank and in hand | 54/58 | €27,131 | €44,872 | +€17,741 | +65.4% |
| Total equity and liabilities | 10/49 | €1,130,145 | €1,118,619 | -€11,526 | -1.0% |
| Equity | 10/15 | €497,612 | €506,111 | +€8,499 | +1.7% |
| Contributions | 10/11 | €475,000 | €475,000 | = | 0.0% |
| Reserves | 13 | €22,612 | €31,111 | +€8,499 | +37.6% |
| Distributable reserves | 133 | €22,612 | €31,111 | +€8,499 | +37.6% |
| Amounts payable | 17/49 | €632,533 | €612,508 | -€20,025 | -3.2% |
| Amounts payable after more than one year | 17 | €197,643 | €179,839 | -€17,804 | -9.0% |
| Financial debts | 170/4 | €197,643 | €179,839 | -€17,804 | -9.0% |
| Amounts payable within one year | 42/48 | €424,144 | €421,612 | -€2,533 | -0.6% |
| Current portion of amounts payable after more than one year | 42 | €17,439 | €17,804 | +€366 | +2.1% |
| Taxes, remuneration and social security | 45 | €14,686 | €11,601 | -€3,085 | -21.0% |
| Taxes | 450/3 | €14,686 | €11,601 | -€3,085 | -21.0% |
| Other amounts payable | 47/48 | €392,019 | €392,206 | +€187 | 0.0% |
| Accrued charges and deferred income | 492/3 | €10,746 | €11,058 | +€312 | +2.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €38,040 | €37,312 | -€728 | -1.9% |
| Other operating charges | 640/8 | €11,938 | €14,186 | +€2,249 | +18.8% |
| Gross operating margin | 9900 | €89,855 | €96,357 | +€6,501 | +7.2% |
| Operating profit (loss) | 9901 | €39,878 | €44,859 | +€4,981 | +12.5% |
| Financial charges | 65/66B | €33,851 | €33,176 | -€675 | -2.0% |
| Recurring financial charges | 65 | €33,851 | €33,176 | -€675 | -2.0% |
| Profit (loss) for the period before taxes | 9903 | €6,027 | €11,682 | +€5,655 | +93.8% |
| Income taxes | 67/77 | €2,060 | €3,183 | +€1,124 | +54.6% |
| Profit (loss) for the period | 9904 | €3,967 | €8,499 | +€4,532 | +114.2% |
| Profit (loss) for the period to be appropriated | 9905 | €3,967 | €8,499 | +€4,532 | +114.2% |
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.