FVDC: 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.
FVDC
Largest movements
- Receivables within one year +€16,509
up €16,509 (+53.2%), from €31,059 to €47,568
of which Trade receivables: +€13,472
- Deferred charges and accrued income +€611
up €611 (+38.2%), from €1,600 to €2,210
- Reserves +€18,000
up €18,000 (+967.7%), from €1,860 to €19,860
- Debts after one year -€2,661
down €2,661 (-85.2%), from €3,125 to €464
- Profit (loss) carried forward +€1,265
up €1,265, from -€582 to €683
- Short-term financial debts +€699
up €699 (+9.7%), from €7,213 to €7,912
- Gross operating margin +€14,751
up €14,751 (+201.4%), from €7,323 to €22,074
- Taxes +€1,800
new in 2024: €1,800
- Financial income +€611
up €611 (+56.9%), from €1,072 to €1,683
- Other operating charges +€410
up €410 (+211.1%), from €194 to €604
- Financial charges -€276
down €276 (-11.7%), from €2,363 to €2,087
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €32,662 | €50,061 | +€17,398 | +53.3% |
| Current assets | 29/58 | €32,662 | €50,061 | +€17,398 | +53.3% |
| Amounts receivable within one year | 40/41 | €31,059 | €47,568 | +€16,509 | +53.2% |
| Trade receivables | 40 | €5,650 | €19,122 | +€13,472 | +238.4% |
| Other amounts receivable | 41 | €25,409 | €28,446 | +€3,037 | +12.0% |
| Cash at bank and in hand | 54/58 | €3 | €282 | +€279 | +8135.6% |
| Deferred charges and accrued income | 490/1 | €1,600 | €2,210 | +€611 | +38.2% |
| Total equity and liabilities | 10/49 | €32,662 | €50,061 | +€17,398 | +53.3% |
| Equity | 10/15 | €9,878 | €29,143 | +€19,265 | +195.0% |
| Contributions | 10/11 | €8,600 | €8,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €19,860 | +€18,000 | +967.7% |
| Distributable reserves | 133 | €1,860 | €19,860 | +€18,000 | +967.7% |
| Profit (loss) carried forward | 14 | -€582 | €683 | +€1,265 | |
| Amounts payable | 17/49 | €22,784 | €20,918 | -€1,867 | -8.2% |
| Amounts payable after more than one year | 17 | €3,125 | €464 | -€2,661 | -85.2% |
| Financial debts | 170/4 | €3,125 | €464 | -€2,661 | -85.2% |
| Amounts payable within one year | 42/48 | €19,452 | €20,120 | +€668 | +3.4% |
| Current portion of amounts payable after more than one year | 42 | €2,463 | €2,661 | +€198 | +8.0% |
| Financial debts | 43 | €7,213 | €7,912 | +€699 | +9.7% |
| Credit institutions | 430/8 | €7,213 | €7,912 | +€699 | +9.7% |
| Trade debts | 44 | €6,810 | €6,396 | -€414 | -6.1% |
| Suppliers | 440/4 | €6,810 | €6,396 | -€414 | -6.1% |
| Advances received on contracts in progress | 46 | €668 | €668 | = | 0.0% |
| Taxes, remuneration and social security | 45 | €2,298 | €2,484 | +€186 | +8.1% |
| Taxes | 450/3 | €2,298 | €2,484 | +€186 | +8.1% |
| Accrued charges and deferred income | 492/3 | €208 | €334 | +€126 | +60.7% |
| Other operating charges | 640/8 | €194 | €604 | +€410 | +211.1% |
| Gross operating margin | 9900 | €7,323 | €22,074 | +€14,751 | +201.4% |
| Operating profit (loss) | 9901 | €7,128 | €21,469 | +€14,341 | +201.2% |
| Financial income | 75/76B | €1,072 | €1,683 | +€611 | +56.9% |
| Recurring financial income | 75 | €1,072 | €1,683 | +€611 | +56.9% |
| Financial charges | 65/66B | €2,363 | €2,087 | -€276 | -11.7% |
| Recurring financial charges | 65 | €2,363 | €2,087 | -€276 | -11.7% |
| Profit (loss) for the period before taxes | 9903 | €5,838 | €21,065 | +€15,227 | +260.8% |
| Income taxes | 67/77 | - | €1,800 | +€1,800 | |
| Profit (loss) for the period | 9904 | €5,838 | €19,265 | +€13,427 | +230.0% |
| Profit (loss) for the period to be appropriated | 9905 | €5,838 | €19,265 | +€13,427 | +230.0% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.