FVcon: 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.
FVcon
Largest movements
- Cash +€25,688
up €25,688 (+108.6%), from €23,661 to €49,349
mainly Net result for the year (+€13,457) and Tax, wage and social debts (+€13,456)
- Receivables within one year +€3,000
new in 2025: €3,000
- Reserves +€13,457
up €13,457 (+137.4%), from €9,793 to €23,250
- Tax, wage and social debts +€13,456
up €13,456 (+146.7%), from €9,171 to €22,626
- Trade debts +€1,775
up €1,775 (+80.8%), from €2,198 to €3,973
- Gross operating margin +€20,163
up €20,163 (+109.0%), from €18,491 to €38,654
- Staff costs +€13,033
up €13,033 (+322.7%), from €4,038 to €17,071
- Taxes +€2,457
up €2,457 (+59.1%), from €4,153 to €6,610
- Other operating charges +€1,027
up €1,027 (+318.9%), from €322 to €1,349
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 | €23,661 | €52,349 | +€28,688 | +121.2% |
| Current assets | 29/58 | €23,661 | €52,349 | +€28,688 | +121.2% |
| Amounts receivable within one year | 40/41 | - | €3,000 | +€3,000 | |
| Other amounts receivable | 41 | - | €3,000 | +€3,000 | |
| Cash at bank and in hand | 54/58 | €23,661 | €49,349 | +€25,688 | +108.6% |
| Total equity and liabilities | 10/49 | €23,661 | €52,349 | +€28,688 | +121.2% |
| Equity | 10/15 | €12,293 | €25,750 | +€13,457 | +109.5% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Reserves | 13 | €9,793 | €23,250 | +€13,457 | +137.4% |
| Distributable reserves | 133 | €9,793 | €23,250 | +€13,457 | +137.4% |
| Amounts payable | 17/49 | €11,368 | €26,599 | +€15,231 | +134.0% |
| Amounts payable within one year | 42/48 | €11,368 | €26,599 | +€15,231 | +134.0% |
| Trade debts | 44 | €2,198 | €3,973 | +€1,775 | +80.8% |
| Suppliers | 440/4 | €2,198 | €3,973 | +€1,775 | +80.8% |
| Taxes, remuneration and social security | 45 | €9,171 | €22,626 | +€13,456 | +146.7% |
| Taxes | 450/3 | €9,171 | €22,626 | +€13,456 | +146.7% |
| Remuneration, social security and pensions | 62 | €4,038 | €17,071 | +€13,033 | +322.7% |
| Other operating charges | 640/8 | €322 | €1,349 | +€1,027 | +318.9% |
| Gross operating margin | 9900 | €18,491 | €38,654 | +€20,163 | +109.0% |
| Operating profit (loss) | 9901 | €14,130 | €20,235 | +€6,104 | +43.2% |
| Financial charges | 65/66B | €184 | €168 | -€16 | -8.7% |
| Recurring financial charges | 65 | €184 | €168 | -€16 | -8.7% |
| Profit (loss) for the period before taxes | 9903 | €13,947 | €20,067 | +€6,120 | +43.9% |
| Income taxes | 67/77 | €4,153 | €6,610 | +€2,457 | +59.1% |
| Profit (loss) for the period | 9904 | €9,793 | €13,457 | +€3,664 | +37.4% |
| Profit (loss) for the period to be appropriated | 9905 | €9,793 | €13,457 | +€3,664 | +37.4% |
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 9 October 2026 via checked.be.