FVDB CONSULT: what changed
Two fiscal 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 CONSULT
Largest movements
- Cash +€62,947
up €62,947 (+212.2%), from €29,659 to €92,606
mainly Current investments (+€50,000) and Net result for the year (+€24,329)
- Current investments -€50,000
down €50,000 (-100.0%), from €50,000 to €0
- Receivables within one year +€10,509
up €10,509 (+23.2%), from €45,229 to €55,738
of which Trade receivables: +€20,064
- Reserves +€24,329
up €24,329 (+20.2%), from €120,208 to €144,537
- Trade debts -€4,226
down €4,226 (-70.0%), from €6,039 to €1,812
- Tax, wage and social debts +€2,173
up €2,173 (+71.2%), from €3,050 to €5,223
- Gross operating margin +€18,898
up €18,898 (+76.7%), from €24,624 to €43,523
- Taxes +€7,731
up €7,731 (+81.6%), from €9,480 to €17,211
- Financial income +€557
new in 2025: €557
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 | €129,297 | €151,572 | +€22,275 | +17.2% |
| Fixed assets | 21/28 | €4,319 | €3,138 | -€1,180 | -27.3% |
| Tangible fixed assets | 22/27 | €4,319 | €3,138 | -€1,180 | -27.3% |
| Plant, machinery and equipment | 23 | €2,488 | €1,983 | -€505 | -20.3% |
| Furniture and vehicles | 24 | €1,831 | €1,155 | -€676 | -36.9% |
| Current assets | 29/58 | €124,978 | €148,434 | +€23,456 | +18.8% |
| Amounts receivable within one year | 40/41 | €45,229 | €55,738 | +€10,509 | +23.2% |
| Trade receivables | 40 | €0 | €20,064 | +€20,064 | |
| Other amounts receivable | 41 | €45,229 | €35,674 | -€9,555 | -21.1% |
| Current investments | 50/53 | €50,000 | €0 | -€50,000 | -100.0% |
| Cash at bank and in hand | 54/58 | €29,659 | €92,606 | +€62,947 | +212.2% |
| Deferred charges and accrued income | 490/1 | €91 | €91 | = | 0.0% |
| Total equity and liabilities | 10/49 | €129,297 | €151,572 | +€22,275 | +17.2% |
| Equity | 10/15 | €120,208 | €144,537 | +€24,329 | +20.2% |
| Contributions | 10/11 | €0 | - | = | |
| Reserves | 13 | €120,208 | €144,537 | +€24,329 | +20.2% |
| Distributable reserves | 133 | €120,208 | €144,537 | +€24,329 | +20.2% |
| Amounts payable | 17/49 | €9,089 | €7,036 | -€2,053 | -22.6% |
| Amounts payable within one year | 42/48 | €9,089 | €7,036 | -€2,053 | -22.6% |
| Trade debts | 44 | €6,039 | €1,812 | -€4,226 | -70.0% |
| Suppliers | 440/4 | €6,039 | €1,812 | -€4,226 | -70.0% |
| Taxes, remuneration and social security | 45 | €3,050 | €5,223 | +€2,173 | +71.2% |
| Taxes | 450/3 | €3,050 | €5,223 | +€2,173 | +71.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,189 | €1,180 | -€8 | -0.7% |
| Other operating charges | 640/8 | €571 | €588 | +€16 | +2.9% |
| Gross operating margin | 9900 | €24,624 | €43,523 | +€18,898 | +76.7% |
| Operating profit (loss) | 9901 | €22,864 | €41,755 | +€18,891 | +82.6% |
| Financial income | 75/76B | - | €557 | +€557 | |
| Recurring financial income | 75 | - | €557 | +€557 | |
| Financial charges | 65/66B | €847 | €773 | -€75 | -8.8% |
| Recurring financial charges | 65 | €847 | €773 | -€75 | -8.8% |
| Profit (loss) for the period before taxes | 9903 | €22,017 | €41,539 | +€19,522 | +88.7% |
| Income taxes | 67/77 | €9,480 | €17,211 | +€7,731 | +81.6% |
| Profit (loss) for the period | 9904 | €12,537 | €24,329 | +€11,791 | +94.0% |
| Profit (loss) for the period to be appropriated | 9905 | €12,537 | €24,329 | +€11,791 | +94.0% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.