FVCM: 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.
FVCM
Largest movements
- Receivables within one year +€13,567
up €13,567 (+4197.8%), from €323 to €13,890
- Cash +€9,179
up €9,179 (+38.0%), from €24,147 to €33,325
mainly Net result for the year (+€50,253) and Depreciation (+€41,908)
- Profit (loss) carried forward +€50,253
up €50,253, from -€19,867 to €30,386
- Other debts -€24,015
down €24,015 (-3.1%), from €763,739 to €739,724
- Tax, wage and social debts +€15,388
up €15,388 (+440.4%), from €3,494 to €18,882
of which Taxes: +€15,988
- Debts after one year -€12,182
down €12,182 (-10.2%), from €119,406 to €107,224
- Depreciation -€71,796
down €71,796 (-63.1%), from €113,705 to €41,908
- Taxes +€9,878
new in 2025: €9,878
- Gross operating margin +€8,067
up €8,067 (+7.9%), from €101,556 to €109,623
- Financial charges -€1,348
down €1,348 (-21.5%), from €6,269 to €4,921
- Other operating charges +€1,213
up €1,213 (+83.7%), from €1,450 to €2,663
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 | €887,474 | €915,745 | +€28,271 | +3.2% |
| Fixed assets | 21/28 | €852,097 | €861,203 | +€9,106 | +1.1% |
| Tangible fixed assets | 22/27 | €852,097 | €861,203 | +€9,106 | +1.1% |
| Land and buildings | 22 | €743,387 | €722,305 | -€21,082 | -2.8% |
| Plant, machinery and equipment | 23 | €106,863 | €137,524 | +€30,661 | +28.7% |
| Furniture and vehicles | 24 | €1,847 | €1,373 | -€473 | -25.6% |
| Current assets | 29/58 | €35,377 | €54,542 | +€19,165 | +54.2% |
| Stocks and contracts in progress | 3 | €10,434 | €7,023 | -€3,411 | -32.7% |
| Stocks | 30/36 | €10,434 | €7,023 | -€3,411 | -32.7% |
| Amounts receivable within one year | 40/41 | €323 | €13,890 | +€13,567 | +4197.8% |
| Trade receivables | 40 | €323 | €13,890 | +€13,567 | +4197.8% |
| Cash at bank and in hand | 54/58 | €24,147 | €33,325 | +€9,179 | +38.0% |
| Deferred charges and accrued income | 490/1 | €473 | €304 | -€170 | -35.8% |
| Total equity and liabilities | 10/49 | €887,474 | €915,745 | +€28,271 | +3.2% |
| Equity | 10/15 | -€16,867 | €33,386 | +€50,253 | |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Contributions outside capital | 11 | €3,000 | €3,000 | = | 0.0% |
| Other | 1109/19 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€19,867 | €30,386 | +€50,253 | |
| Amounts payable | 17/49 | €904,341 | €882,359 | -€21,982 | -2.4% |
| Amounts payable after more than one year | 17 | €119,406 | €107,224 | -€12,182 | -10.2% |
| Financial debts | 170/4 | €119,406 | €107,224 | -€12,182 | -10.2% |
| Amounts payable within one year | 42/48 | €784,935 | €775,135 | -€9,800 | -1.2% |
| Current portion of amounts payable after more than one year | 42 | €12,182 | €12,182 | = | 0.0% |
| Trade debts | 44 | €5,520 | €4,347 | -€1,173 | -21.3% |
| Suppliers | 440/4 | €5,520 | €4,347 | -€1,173 | -21.3% |
| Taxes, remuneration and social security | 45 | €3,494 | €18,882 | +€15,388 | +440.4% |
| Taxes | 450/3 | €1,494 | €17,482 | +€15,988 | +1070.2% |
| Remuneration and social security | 454/9 | €2,000 | €1,400 | -€600 | -30.0% |
| Other amounts payable | 47/48 | €763,739 | €739,724 | -€24,015 | -3.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €113,705 | €41,908 | -€71,796 | -63.1% |
| Other operating charges | 640/8 | €1,450 | €2,663 | +€1,213 | +83.7% |
| Gross operating margin | 9900 | €101,556 | €109,623 | +€8,067 | +7.9% |
| Operating profit (loss) | 9901 | -€13,598 | €65,052 | +€78,650 | |
| Financial income | 75/76B | - | €0 | +€0 | |
| Recurring financial income | 75 | - | €0 | +€0 | |
| Financial charges | 65/66B | €6,269 | €4,921 | -€1,348 | -21.5% |
| Recurring financial charges | 65 | €6,269 | €4,921 | -€1,348 | -21.5% |
| Profit (loss) for the period before taxes | 9903 | -€19,867 | €60,131 | +€79,998 | |
| Income taxes | 67/77 | - | €9,878 | +€9,878 | |
| Profit (loss) for the period | 9904 | -€19,867 | €50,253 | +€70,120 | |
| Profit (loss) for the period to be appropriated | 9905 | -€19,867 | €50,253 | +€70,120 |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 9 October 2026 via checked.be.