FVC Projects: 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 Projects
Largest movements
- Cash +€67,767
up €67,767 (+93.6%), from €72,433 to €140,201
mainly Net result for the year (+€91,610) and Depreciation (+€3,763)
- Receivables within one year +€13,617
up €13,617 (+77.4%), from €17,597 to €31,214
of which Trade receivables: +€10,119
- Tangible fixed assets +€5,145
up €5,145 (+85.0%), from €6,053 to €11,197
of which Plant, machinery and equipment: +€3,086
- Profit (loss) carried forward +€91,610
up €91,610 (+125%), from €73,158 to €164,768
- Tax, wage and social debts -€4,323
down €4,323 (-25.0%), from €17,325 to €13,002
of which Remuneration and social security: -€3,023
- Gross operating margin +€62,456
up €62,456 (+107%), from €58,229 to €120,685
- Taxes +€13,107
up €13,107 (+116%), from €11,299 to €24,406
- Depreciation +€1,783
up €1,783 (+90.0%), from €1,981 to €3,763
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 | €96,942 | €183,988 | +€87,045 | +89.8% |
| Fixed assets | 21/28 | €6,053 | €11,197 | +€5,145 | +85.0% |
| Tangible fixed assets | 22/27 | €6,053 | €11,197 | +€5,145 | +85.0% |
| Plant, machinery and equipment | 23 | €1,359 | €4,445 | +€3,086 | +227% |
| Furniture and vehicles | 24 | €4,693 | €6,752 | +€2,059 | +43.9% |
| Current assets | 29/58 | €90,890 | €172,790 | +€81,901 | +90.1% |
| Amounts receivable within one year | 40/41 | €17,597 | €31,214 | +€13,617 | +77.4% |
| Trade receivables | 40 | €17,597 | €27,715 | +€10,119 | +57.5% |
| Other amounts receivable | 41 | - | €3,498 | +€3,498 | |
| Cash at bank and in hand | 54/58 | €72,433 | €140,201 | +€67,767 | +93.6% |
| Deferred charges and accrued income | 490/1 | €860 | €1,375 | +€516 | +60.0% |
| Total equity and liabilities | 10/49 | €96,942 | €183,988 | +€87,045 | +89.8% |
| Equity | 10/15 | €77,158 | €168,768 | +€91,610 | +119% |
| Contributions | 10/11 | €4,000 | €4,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €73,158 | €164,768 | +€91,610 | +125% |
| Amounts payable | 17/49 | €19,784 | €15,219 | -€4,565 | -23.1% |
| Amounts payable within one year | 42/48 | €19,784 | €15,170 | -€4,614 | -23.3% |
| Trade debts | 44 | €1,896 | €1,438 | -€459 | -24.2% |
| Suppliers | 440/4 | €1,896 | €1,438 | -€459 | -24.2% |
| Taxes, remuneration and social security | 45 | €17,325 | €13,002 | -€4,323 | -25.0% |
| Taxes | 450/3 | €14,303 | €13,002 | -€1,301 | -9.1% |
| Remuneration and social security | 454/9 | €3,023 | - | -€3,023 | |
| Other amounts payable | 47/48 | €562 | €730 | +€168 | +29.9% |
| Accrued charges and deferred income | 492/3 | - | €49 | +€49 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,981 | €3,763 | +€1,783 | +90.0% |
| Other operating charges | 640/8 | €1,016 | €756 | -€260 | -25.6% |
| Gross operating margin | 9900 | €58,229 | €120,685 | +€62,456 | +107% |
| Operating profit (loss) | 9901 | €55,233 | €116,165 | +€60,933 | +110% |
| Financial income | 75/76B | €30 | €1 | -€29 | -98.3% |
| Recurring financial income | 75 | €30 | €1 | -€29 | -98.3% |
| Financial charges | 65/66B | €135 | €150 | +€15 | +11.1% |
| Recurring financial charges | 65 | €135 | €150 | +€15 | +11.1% |
| Profit (loss) for the period before taxes | 9903 | €55,128 | €116,016 | +€60,888 | +110% |
| Income taxes | 67/77 | €11,299 | €24,406 | +€13,107 | +116% |
| Profit (loss) for the period | 9904 | €43,829 | €91,610 | +€47,781 | +109% |
| Profit (loss) for the period to be appropriated | 9905 | €43,829 | €91,610 | +€47,781 | +109% |
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 25 October 2026 via checked.be.