FVC Support: 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 Support
Largest movements
- Receivables after one year +€249,000
up €249,000 (+4,527%), from €5,500 to €254,500
- Current investments -€177,860
no longer reported in 2025 (was €177,860)
- Cash +€39,609
new in 2025: €39,609
mainly Current investments (+€177,860) and Net result for the year (+€91,651)
- Receivables within one year -€13,609
down €13,609 (-27.1%), from €50,131 to €36,522
of which Trade receivables: -€12,664
- Deferred charges and accrued income +€5,038
up €5,038 (+98.4%), from €5,120 to €10,158
- Profit (loss) carried forward +€91,651
up €91,651 (+60.4%), from €151,619 to €243,270
- Tax, wage and social debts +€12,697
up €12,697 (+26.0%), from €48,760 to €61,457
- Other debts -€4,262
down €4,262 (-22.9%), from €18,596 to €14,334
- Gross operating margin +€36,981
up €36,981 (+46.8%), from €79,017 to €115,998
- Taxes +€9,625
up €9,625 (+53.1%), from €18,120 to €27,745
- Financial income +€5,085
up €5,085 (+7,134%), from €71 to €5,157
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 | €238,638 | €340,812 | +€102,174 | +42.8% |
| Fixed assets | 21/28 | €28 | €22 | -€5 | -18.9% |
| Tangible fixed assets | 22/27 | €28 | €22 | -€5 | -18.9% |
| Furniture and vehicles | 24 | €28 | €22 | -€5 | -18.9% |
| Current assets | 29/58 | €238,611 | €340,789 | +€102,179 | +42.8% |
| Amounts receivable after more than one year | 29 | €5,500 | €254,500 | +€249,000 | +4,527% |
| Other amounts receivable | 291 | €5,500 | €254,500 | +€249,000 | +4,527% |
| Amounts receivable within one year | 40/41 | €50,131 | €36,522 | -€13,609 | -27.1% |
| Trade receivables | 40 | €49,186 | €36,522 | -€12,664 | -25.7% |
| Other amounts receivable | 41 | €945 | - | -€945 | |
| Current investments | 50/53 | €177,860 | - | -€177,860 | |
| Cash at bank and in hand | 54/58 | - | €39,609 | +€39,609 | |
| Deferred charges and accrued income | 490/1 | €5,120 | €10,158 | +€5,038 | +98.4% |
| Total equity and liabilities | 10/49 | €238,638 | €340,812 | +€102,174 | +42.8% |
| Equity | 10/15 | €171,270 | €262,921 | +€91,651 | +53.5% |
| Contributions | 10/11 | €18,550 | €18,550 | = | 0.0% |
| Reserves | 13 | €1,101 | €1,101 | = | 0.0% |
| Distributable reserves | 133 | €1,101 | €1,101 | = | 0.0% |
| Profit (loss) carried forward | 14 | €151,619 | €243,270 | +€91,651 | +60.4% |
| Amounts payable | 17/49 | €67,368 | €77,891 | +€10,523 | +15.6% |
| Amounts payable within one year | 42/48 | €67,368 | €77,891 | +€10,523 | +15.6% |
| Trade debts | 44 | €12 | €2,100 | +€2,088 | +17,254% |
| Suppliers | 440/4 | €12 | €2,100 | +€2,088 | +17,254% |
| Taxes, remuneration and social security | 45 | €48,760 | €61,457 | +€12,697 | +26.0% |
| Taxes | 450/3 | €48,760 | €61,457 | +€12,697 | +26.0% |
| Other amounts payable | 47/48 | €18,596 | €14,334 | -€4,262 | -22.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €0 | €5 | +€5 | +26,050% |
| Other operating charges | 640/8 | €2,276 | €1,616 | -€660 | -29.0% |
| Gross operating margin | 9900 | €79,017 | €115,998 | +€36,981 | +46.8% |
| Operating profit (loss) | 9901 | €76,741 | €114,377 | +€37,636 | +49.0% |
| Financial income | 75/76B | €71 | €5,157 | +€5,085 | +7,134% |
| Recurring financial income | 75 | €71 | €5,157 | +€5,085 | +7,134% |
| Financial charges | 65/66B | €560 | €138 | -€422 | -75.3% |
| Recurring financial charges | 65 | €560 | €138 | -€422 | -75.3% |
| Profit (loss) for the period before taxes | 9903 | €76,252 | €119,396 | +€43,143 | +56.6% |
| Income taxes | 67/77 | €18,120 | €27,745 | +€9,625 | +53.1% |
| Profit (loss) for the period | 9904 | €58,132 | €91,651 | +€33,518 | +57.7% |
| Profit (loss) for the period to be appropriated | 9905 | €58,132 | €91,651 | +€33,518 | +57.7% |
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.