FVD INVEST: 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.
FVD INVEST
Largest movements
- Financial fixed assets -€60,000
down €60,000 (-99.9%), from €60,036 to €36
- Receivables within one year +€3,906
up €3,906 (+42.2%), from €9,260 to €13,166
of which Other amounts receivable: +€13,133
- Profit (loss) carried forward -€34,008
down €34,008, from €27,511 to -€6,497
- Trade debts -€13,465
down €13,465 (-92.8%), from €14,514 to €1,049
- Other debts -€8,316
down €8,316 (-100%), from €8,316 to €0
- Financial charges +€60,301
up €60,301 (+35,359%), from €171 to €60,471
of which Non-recurring financial charges: +€60,000
- Gross operating margin +€34,660
up €34,660 (+1,531%), from €2,265 to €36,924
- Taxes +€9,053
up €9,053 (+1,495%), from €606 to €9,658
- Other operating charges +€473
up €473 (+93.2%), from €507 to €980
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 | €69,328 | €13,289 | -€56,040 | -80.8% |
| Fixed assets | 21/28 | €60,036 | €36 | -€60,000 | -99.9% |
| Financial fixed assets | 28 | €60,036 | €36 | -€60,000 | -99.9% |
| Current assets | 29/58 | €9,293 | €13,253 | +€3,960 | +42.6% |
| Amounts receivable within one year | 40/41 | €9,260 | €13,166 | +€3,906 | +42.2% |
| Trade receivables | 40 | €9,260 | €33 | -€9,227 | -99.6% |
| Other amounts receivable | 41 | €0 | €13,133 | +€13,133 | |
| Cash at bank and in hand | 54/58 | €33 | €26 | -€6 | -19.3% |
| Deferred charges and accrued income | 490/1 | - | €60 | +€60 | |
| Total equity and liabilities | 10/49 | €69,328 | €13,289 | -€56,040 | -80.8% |
| Equity | 10/15 | €35,584 | €1,576 | -€34,008 | -95.6% |
| Contributions | 10/11 | €6,667 | €6,667 | = | 0.0% |
| Reserves | 13 | €1,406 | €1,406 | = | 0.0% |
| Distributable reserves | 133 | €1,406 | €1,406 | = | 0.0% |
| Profit (loss) carried forward | 14 | €27,511 | -€6,497 | -€34,008 | |
| Amounts payable | 17/49 | €33,744 | €11,712 | -€22,032 | -65.3% |
| Amounts payable within one year | 42/48 | €33,744 | €11,313 | -€22,431 | -66.5% |
| Trade debts | 44 | €14,514 | €1,049 | -€13,465 | -92.8% |
| Suppliers | 440/4 | €14,514 | €1,049 | -€13,465 | -92.8% |
| Taxes, remuneration and social security | 45 | €10,913 | €10,264 | -€649 | -6.0% |
| Taxes | 450/3 | €10,913 | €10,264 | -€649 | -6.0% |
| Other amounts payable | 47/48 | €8,316 | €0 | -€8,316 | -100% |
| Accrued charges and deferred income | 492/3 | - | €400 | +€400 | |
| Non-recurring operating income | 76A | - | €5,904 | +€5,904 | |
| Other operating charges | 640/8 | €507 | €980 | +€473 | +93.2% |
| Gross operating margin | 9900 | €2,265 | €36,924 | +€34,660 | +1,531% |
| Operating profit (loss) | 9901 | €1,757 | €35,944 | +€34,187 | +1,945% |
| Financial income | 75/76B | - | €177 | +€177 | |
| Recurring financial income | 75 | - | €177 | +€177 | |
| Financial charges | 65/66B | €171 | €60,471 | +€60,301 | +35,359% |
| Recurring financial charges | 65 | €171 | €471 | +€301 | +176% |
| Non-recurring financial charges | 66B | - | €60,000 | +€60,000 | |
| Profit (loss) for the period before taxes | 9903 | €1,587 | -€24,350 | -€25,937 | |
| Income taxes | 67/77 | €606 | €9,658 | +€9,053 | +1,495% |
| Profit (loss) for the period | 9904 | €981 | -€34,008 | -€34,989 | |
| Profit (loss) for the period to be appropriated | 9905 | €981 | -€34,008 | -€34,989 |
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 26 October 2026 via checked.be.