FVD Law: 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 Law
Largest movements
- Cash -€6,768
down €6,768 (-76.8%), from €8,810 to €2,041
mainly Receivables within one year (-€5,873) and Deferred charges and accrued income (-€2,863)
- Receivables within one year +€5,873
up €5,873 (+102.2%), from €5,748 to €11,620
- Deferred charges and accrued income +€2,863
up €2,863 (+365.4%), from €784 to €3,646
- Tangible fixed assets +€1,018
new in 2025: €1,018
- Tax, wage and social debts +€2,812
up €2,812 (+55.2%), from €5,098 to €7,910
of which Remuneration and social security: +€1,548
- Profit (loss) carried forward -€1,073
new in 2025: -€1,073
- Trade debts +€894
new in 2025: €894
- Other debts +€444
up €444 (+8.9%), from €5,000 to €5,443
- Reserves -€243
down €243 (-100.0%), from €243 to €0
- Gross operating margin +€917
up €917 (+65.9%), from €1,391 to €2,308
- Taxes +€893
up €893 (+359.4%), from €248 to €1,141
- Financial charges +€662
up €662 (+87.5%), from €756 to €1,418
- Depreciation +€482
new in 2025: €482
- Other operating charges +€441
up €441 (+307.3%), from €143 to €584
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 | €15,341 | €18,326 | +€2,985 | +19.5% |
| Fixed assets | 21/28 | - | €1,018 | +€1,018 | |
| Tangible fixed assets | 22/27 | - | €1,018 | +€1,018 | |
| Furniture and vehicles | 24 | - | €1,018 | +€1,018 | |
| Current assets | 29/58 | €15,341 | €17,308 | +€1,967 | +12.8% |
| Amounts receivable within one year | 40/41 | €5,748 | €11,620 | +€5,873 | +102.2% |
| Trade receivables | 40 | €5,748 | €11,620 | +€5,873 | +102.2% |
| Cash at bank and in hand | 54/58 | €8,810 | €2,041 | -€6,768 | -76.8% |
| Deferred charges and accrued income | 490/1 | €784 | €3,646 | +€2,863 | +365.4% |
| Total equity and liabilities | 10/49 | €15,341 | €18,326 | +€2,985 | +19.5% |
| Equity | 10/15 | €5,243 | €3,927 | -€1,316 | -25.1% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €243 | €0 | -€243 | -100.0% |
| Distributable reserves | 133 | €243 | €0 | -€243 | -100.0% |
| Profit (loss) carried forward | 14 | - | -€1,073 | -€1,073 | |
| Amounts payable | 17/49 | €10,098 | €14,399 | +€4,301 | +42.6% |
| Amounts payable within one year | 42/48 | €10,098 | €14,246 | +€4,149 | +41.1% |
| Trade debts | 44 | - | €894 | +€894 | |
| Suppliers | 440/4 | - | €894 | +€894 | |
| Taxes, remuneration and social security | 45 | €5,098 | €7,910 | +€2,812 | +55.2% |
| Taxes | 450/3 | €3,498 | €4,762 | +€1,264 | +36.1% |
| Remuneration and social security | 454/9 | €1,600 | €3,148 | +€1,548 | +96.7% |
| Other amounts payable | 47/48 | €5,000 | €5,443 | +€444 | +8.9% |
| Accrued charges and deferred income | 492/3 | - | €152 | +€152 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €482 | +€482 | |
| Other operating charges | 640/8 | €143 | €584 | +€441 | +307.3% |
| Gross operating margin | 9900 | €1,391 | €2,308 | +€917 | +65.9% |
| Operating profit (loss) | 9901 | €1,248 | €1,242 | -€6 | -0.5% |
| Financial income | 75/76B | - | €1 | +€1 | |
| Recurring financial income | 75 | - | €1 | +€1 | |
| Financial charges | 65/66B | €756 | €1,418 | +€662 | +87.5% |
| Recurring financial charges | 65 | €756 | €1,418 | +€662 | +87.5% |
| Profit (loss) for the period before taxes | 9903 | €492 | -€175 | -€667 | |
| Income taxes | 67/77 | €248 | €1,141 | +€893 | +359.4% |
| Profit (loss) for the period | 9904 | €243 | -€1,316 | -€1,559 | |
| Profit (loss) for the period to be appropriated | 9905 | €243 | -€1,316 | -€1,559 |
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 10 October 2026 via checked.be.