FVC CONSULT: 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.
FVC CONSULT
Largest movements
- Intangible fixed assets +€20,457
up €20,457 (+208.3%), from €9,822 to €30,279
- Financial fixed assets +€15,000
up €15,000 (+5882.4%), from €255 to €15,255
- Cash -€13,472
down €13,472 (-36.5%), from €36,937 to €23,465
mainly Investment in fixed assets (net) (-€52,350) and Tax, wage and social debts (-€282)
- Receivables within one year -€12,660
down €12,660 (-30.5%), from €41,469 to €28,809
of which Trade receivables: -€11,910
- Other debts +€3,825
up €3,825 (+9.0%), from €42,709 to €46,534
- Profit (loss) carried forward +€3,679
up €3,679 (+99.1%), from -€3,711 to -€32
- Trade debts +€1,219
up €1,219 (+154.8%), from €788 to €2,007
- Gross operating margin +€8,925
up €8,925 (+58.7%), from €15,208 to €24,132
- Depreciation +€8,879
up €8,879 (+102.2%), from €8,690 to €17,568
- Other operating charges -€362
down €362 (-38.4%), from €942 to €581
- Taxes +€315
up €315 (+50.3%), from €626 to €940
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 | €98,846 | €107,691 | +€8,845 | +8.9% |
| Fixed assets | 21/28 | €15,880 | €50,662 | +€34,782 | +219.0% |
| Intangible fixed assets | 21 | €9,822 | €30,279 | +€20,457 | +208.3% |
| Tangible fixed assets | 22/27 | €5,803 | €5,128 | -€675 | -11.6% |
| Land and buildings | 22 | €4,746 | €2,558 | -€2,188 | -46.1% |
| Furniture and vehicles | 24 | €1,057 | €2,570 | +€1,513 | +143.2% |
| Financial fixed assets | 28 | €255 | €15,255 | +€15,000 | +5882.4% |
| Current assets | 29/58 | €82,966 | €57,029 | -€25,937 | -31.3% |
| Amounts receivable within one year | 40/41 | €41,469 | €28,809 | -€12,660 | -30.5% |
| Trade receivables | 40 | €22,100 | €10,190 | -€11,910 | -53.9% |
| Other amounts receivable | 41 | €19,369 | €18,619 | -€750 | -3.9% |
| Cash at bank and in hand | 54/58 | €36,937 | €23,465 | -€13,472 | -36.5% |
| Deferred charges and accrued income | 490/1 | €4,561 | €4,755 | +€194 | +4.3% |
| Total equity and liabilities | 10/49 | €98,846 | €107,691 | +€8,845 | +8.9% |
| Equity | 10/15 | €44,055 | €47,734 | +€3,679 | +8.4% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Reserves | 13 | €37,766 | €37,766 | = | 0.0% |
| Distributable reserves | 133 | €37,766 | €37,766 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€3,711 | -€32 | +€3,679 | +99.1% |
| Amounts payable | 17/49 | €54,791 | €59,957 | +€5,166 | +9.4% |
| Amounts payable within one year | 42/48 | €54,791 | €59,957 | +€5,166 | +9.4% |
| Current portion of amounts payable after more than one year | 42 | €0 | - | = | |
| Financial debts | 43 | €3,505 | €3,909 | +€404 | +11.5% |
| Credit institutions | 430/8 | €55 | €480 | +€425 | +773.4% |
| Other loans | 439 | €3,450 | €3,429 | -€21 | -0.6% |
| Trade debts | 44 | €788 | €2,007 | +€1,219 | +154.8% |
| Suppliers | 440/4 | €788 | €2,007 | +€1,219 | +154.8% |
| Taxes, remuneration and social security | 45 | €7,789 | €7,507 | -€282 | -3.6% |
| Taxes | 450/3 | €5,189 | €4,907 | -€282 | -5.4% |
| Remuneration and social security | 454/9 | €2,600 | €2,600 | = | 0.0% |
| Other amounts payable | 47/48 | €42,709 | €46,534 | +€3,825 | +9.0% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,690 | €17,568 | +€8,879 | +102.2% |
| Other operating charges | 640/8 | €942 | €581 | -€362 | -38.4% |
| Non-recurring operating charges | 66A | - | €617 | +€617 | |
| Gross operating margin | 9900 | €15,208 | €24,132 | +€8,925 | +58.7% |
| Operating profit (loss) | 9901 | €5,575 | €5,366 | -€209 | -3.8% |
| Financial income | 75/76B | €1 | €0 | -€1 | -100.0% |
| Recurring financial income | 75 | €1 | €0 | -€1 | -100.0% |
| Financial charges | 65/66B | €971 | €747 | -€224 | -23.1% |
| Recurring financial charges | 65 | €971 | €747 | -€224 | -23.1% |
| Profit (loss) for the period before taxes | 9903 | €4,605 | €4,619 | +€15 | +0.3% |
| Income taxes | 67/77 | €626 | €940 | +€315 | +50.3% |
| Profit (loss) for the period | 9904 | €3,979 | €3,679 | -€300 | -7.5% |
| Profit (loss) for the period to be appropriated | 9905 | €3,979 | €3,679 | -€300 | -7.5% |
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 12 October 2026 via checked.be.