FVDB BEHEER: 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.
FVDB BEHEER
Largest movements
- Cash -€31,069
down €31,069 (-44.9%), from €69,182 to €38,113
mainly Debts after one year (-€33,218) and Contributions, distributions and other (-€24,500)
- Receivables within one year +€12,020
up €12,020 (+71.4%), from €16,844 to €28,864
of which Trade receivables: +€9,910
- Debts after one year -€33,218
down €33,218 (-13.4%), from €247,236 to €214,017
- Other debts +€13,589
new in 2025: €13,589
- Purchases and services +€49,955
new in 2025: €49,955
- Gross operating margin -€45,910
down €45,910 (-40.7%), from €112,925 to €67,015
- Taxes -€20,033
down €20,033 (-59.0%), from €33,969 to €13,936
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 | €529,373 | €510,530 | -€18,843 | -3.6% |
| Fixed assets | 21/28 | €442,171 | €442,914 | +€743 | +0.2% |
| Intangible fixed assets | 21 | €2,201 | €1,467 | -€734 | -33.3% |
| Tangible fixed assets | 22/27 | €439,970 | €441,447 | +€1,476 | +0.3% |
| Land and buildings | 22 | €432,364 | €422,151 | -€10,213 | -2.4% |
| Plant, machinery and equipment | 23 | €7,606 | €18,597 | +€10,991 | +144% |
| Furniture and vehicles | 24 | - | €698 | +€698 | |
| Current assets | 29/58 | €87,202 | €67,617 | -€19,585 | -22.5% |
| Amounts receivable within one year | 40/41 | €16,844 | €28,864 | +€12,020 | +71.4% |
| Trade receivables | 40 | €3,954 | €13,864 | +€9,910 | +251% |
| Other amounts receivable | 41 | €12,890 | €15,000 | +€2,110 | +16.4% |
| Cash at bank and in hand | 54/58 | €69,182 | €38,113 | -€31,069 | -44.9% |
| Deferred charges and accrued income | 490/1 | €1,176 | €640 | -€536 | -45.6% |
| Total equity and liabilities | 10/49 | €529,373 | €510,530 | -€18,843 | -3.6% |
| Equity | 10/15 | €234,845 | €239,461 | +€4,616 | +2.0% |
| Contributions | 10/11 | €22,000 | €22,000 | = | 0.0% |
| Reserves | 13 | €206,265 | €210,765 | +€4,500 | +2.2% |
| Tax-exempt reserves | 132 | €2,605 | €2,605 | = | 0.0% |
| Distributable reserves | 133 | €203,660 | €208,160 | +€4,500 | +2.2% |
| Profit (loss) carried forward | 14 | €6,580 | €6,696 | +€116 | +1.8% |
| Amounts payable | 17/49 | €294,528 | €271,069 | -€23,458 | -8.0% |
| Amounts payable after more than one year | 17 | €247,236 | €214,017 | -€33,218 | -13.4% |
| Financial debts | 170/4 | €247,236 | €214,017 | -€33,218 | -13.4% |
| Amounts payable within one year | 42/48 | €47,292 | €57,052 | +€9,760 | +20.6% |
| Financial debts | 43 | €32,370 | €33,218 | +€848 | +2.6% |
| Credit institutions | 430/8 | €32,370 | €33,218 | +€848 | +2.6% |
| Trade debts | 44 | - | €437 | +€437 | |
| Suppliers | 440/4 | - | €437 | +€437 | |
| Taxes, remuneration and social security | 45 | €14,922 | €9,807 | -€5,115 | -34.3% |
| Taxes | 450/3 | €14,922 | €9,807 | -€5,115 | -34.3% |
| Other amounts payable | 47/48 | - | €13,589 | +€13,589 | |
| Goods, raw materials, services and sundry goods | 60/61 | - | €49,955 | +€49,955 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,931 | €14,895 | +€964 | +6.9% |
| Other operating charges | 640/8 | €2,084 | €2,147 | +€62 | +3.0% |
| Gross operating margin | 9900 | €112,925 | €67,015 | -€45,910 | -40.7% |
| Operating profit (loss) | 9901 | €96,910 | €49,973 | -€46,937 | -48.4% |
| Financial income | 75/76B | €122 | - | -€122 | |
| Recurring financial income | 75 | €122 | - | -€122 | |
| Financial charges | 65/66B | €7,749 | €6,922 | -€827 | -10.7% |
| Recurring financial charges | 65 | €7,749 | €6,922 | -€827 | -10.7% |
| Profit (loss) for the period before taxes | 9903 | €89,283 | €43,051 | -€46,232 | -51.8% |
| Income taxes | 67/77 | €33,969 | €13,936 | -€20,033 | -59.0% |
| Profit (loss) for the period | 9904 | €55,315 | €29,116 | -€26,199 | -47.4% |
| Profit (loss) for the period to be appropriated | 9905 | €55,315 | €29,116 | -€26,199 | -47.4% |
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 15 October 2026 via checked.be.