FVC VERZEKERINGEN: 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 VERZEKERINGEN
Largest movements
- Intangible fixed assets -€168,220
down €168,220 (-19.7%), from €854,176 to €685,956
- Cash -€66,771
down €66,771 (-32.0%), from €208,709 to €141,937
mainly Debts after one year (-€236,154) and Contributions, distributions and other (-€150,000)
- Deferred charges and accrued income -€25,013
down €25,013 (-21.3%), from €117,228 to €92,215
- Tangible fixed assets -€24,881
down €24,881 (-4.8%), from €520,953 to €496,072
of which Land and buildings: -€28,115
- Debts after one year -€236,154
down €236,154 (-24.3%), from €970,443 to €734,288
of which Other amounts payable: -€154,741
- Other debts +€150,000
new in 2025: €150,000
- Reserves -€100,218
down €100,218 (-23.6%), from €425,137 to €324,920
of which Distributable reserves: -€100,218
- Trade debts -€83,604
down €83,604 (-77.2%), from €108,287 to €24,683
- Gross operating margin +€96,058
up €96,058 (+16.0%), from €600,979 to €697,038
- Staff costs +€58,876
up €58,876 (+18.6%), from €316,573 to €375,449
- Depreciation +€32,111
up €32,111 (+17.6%), from €182,679 to €214,791
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 | €1,789,400 | €1,510,888 | -€278,512 | -15.6% |
| Fixed assets | 21/28 | €1,375,778 | €1,182,678 | -€193,101 | -14.0% |
| Intangible fixed assets | 21 | €854,176 | €685,956 | -€168,220 | -19.7% |
| Tangible fixed assets | 22/27 | €520,953 | €496,072 | -€24,881 | -4.8% |
| Land and buildings | 22 | €467,047 | €438,932 | -€28,115 | -6.0% |
| Plant, machinery and equipment | 23 | €5,687 | €3,131 | -€2,556 | -45.0% |
| Furniture and vehicles | 24 | €48,218 | €54,008 | +€5,790 | +12.0% |
| Financial fixed assets | 28 | €650 | €650 | = | 0.0% |
| Current assets | 29/58 | €413,622 | €328,210 | -€85,412 | -20.6% |
| Amounts receivable within one year | 40/41 | €87,685 | €94,058 | +€6,373 | +7.3% |
| Trade receivables | 40 | €58,421 | €4,291 | -€54,130 | -92.7% |
| Other amounts receivable | 41 | €29,265 | €89,767 | +€60,502 | +207% |
| Cash at bank and in hand | 54/58 | €208,709 | €141,937 | -€66,771 | -32.0% |
| Deferred charges and accrued income | 490/1 | €117,228 | €92,215 | -€25,013 | -21.3% |
| Total equity and liabilities | 10/49 | €1,789,400 | €1,510,888 | -€278,512 | -15.6% |
| Equity | 10/15 | €489,137 | €388,920 | -€100,218 | -20.5% |
| Contributions | 10/11 | €64,000 | €64,000 | = | 0.0% |
| Reserves | 13 | €425,137 | €324,920 | -€100,218 | -23.6% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €425,137 | €324,920 | -€100,218 | -23.6% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €1,300,263 | €1,121,969 | -€178,294 | -13.7% |
| Amounts payable after more than one year | 17 | €970,443 | €734,288 | -€236,154 | -24.3% |
| Financial debts | 170/4 | €815,702 | €734,288 | -€81,413 | -10.0% |
| Other amounts payable | 178/9 | €154,741 | €0 | -€154,741 | -100% |
| Amounts payable within one year | 42/48 | €329,820 | €385,233 | +€55,412 | +16.8% |
| Current portion of amounts payable after more than one year | 42 | €154,801 | €154,716 | -€84 | -0.1% |
| Financial debts | 43 | €16,911 | €16,831 | -€81 | -0.5% |
| Credit institutions | 430/8 | €16,911 | €16,831 | -€81 | -0.5% |
| Other loans | 439 | €0 | - | = | |
| Trade debts | 44 | €108,287 | €24,683 | -€83,604 | -77.2% |
| Suppliers | 440/4 | €108,287 | €24,683 | -€83,604 | -77.2% |
| Taxes, remuneration and social security | 45 | €49,822 | €39,003 | -€10,819 | -21.7% |
| Taxes | 450/3 | €10,456 | €0 | -€10,456 | -100% |
| Remuneration and social security | 454/9 | €39,366 | €39,003 | -€363 | -0.9% |
| Other amounts payable | 47/48 | - | €150,000 | +€150,000 | |
| Accrued charges and deferred income | 492/3 | - | €2,448 | +€2,448 | |
| Remuneration, social security and pensions | 62 | €316,573 | €375,449 | +€58,876 | +18.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €182,679 | €214,791 | +€32,111 | +17.6% |
| Other operating charges | 640/8 | €2,132 | €8,266 | +€6,134 | +288% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Gross operating margin | 9900 | €600,979 | €697,038 | +€96,058 | +16.0% |
| Operating profit (loss) | 9901 | €99,595 | €98,532 | -€1,063 | -1.1% |
| Financial income | 75/76B | €1 | €281 | +€279 | +20,081% |
| Recurring financial income | 75 | €1 | €281 | +€279 | +20,081% |
| Financial charges | 65/66B | €23,808 | €27,142 | +€3,334 | +14.0% |
| Recurring financial charges | 65 | €23,808 | €27,142 | +€3,334 | +14.0% |
| Profit (loss) for the period before taxes | 9903 | €75,788 | €71,671 | -€4,118 | -5.4% |
| Income taxes | 67/77 | €21,798 | €21,888 | +€90 | +0.4% |
| Profit (loss) for the period | 9904 | €53,990 | €49,782 | -€4,208 | -7.8% |
| Transfer from tax-exempt reserves | 789 | €0 | - | = | |
| Profit (loss) for the period to be appropriated | 9905 | €53,990 | €49,782 | -€4,208 | -7.8% |
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 28 October 2026 via checked.be.