FVdH Consulting: 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.
FVdH Consulting
Largest movements
- Tangible fixed assets +€59,624
up €59,624 (+275.5%), from €21,639 to €81,263
of which Land and buildings: +€65,709
- Current investments +€10,695
up €10,695 (+31.3%), from €34,203 to €44,898
- Receivables within one year -€9,671
down €9,671 (-16.7%), from €57,832 to €48,162
of which Other amounts receivable: -€22,944
- Cash -€8,812
down €8,812 (-70.3%), from €12,544 to €3,732
mainly Contributions, distributions and other (-€100,000) and Investment in fixed assets (net) (-€65,210)
- Other debts +€62,637
up €62,637 (+2868.0%), from €2,184 to €64,821
- Reserves -€51,744
no longer reported in 2025 (was €51,744)
- Tax, wage and social debts +€35,624
up €35,624 (+410.0%), from €8,688 to €44,312
- Debts after one year +€23,836
new in 2025: €23,836
- Short-term financial debts -€21,703
no longer reported in 2025 (was €21,703)
- Gross operating margin +€39,253
up €39,253 (+135.5%), from €28,972 to €68,225
- Taxes +€14,566
new in 2025: €14,566
- Depreciation +€3,919
up €3,919 (+235.1%), from €1,667 to €5,586
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 | €126,218 | €178,054 | +€51,836 | +41.1% |
| Fixed assets | 21/28 | €21,639 | €81,263 | +€59,624 | +275.5% |
| Tangible fixed assets | 22/27 | €21,639 | €81,263 | +€59,624 | +275.5% |
| Land and buildings | 22 | €6,187 | €71,896 | +€65,709 | +1062.1% |
| Plant, machinery and equipment | 23 | €1,250 | €3,036 | +€1,786 | +142.9% |
| Furniture and vehicles | 24 | €1,383 | €2,425 | +€1,042 | +75.3% |
| Other tangible fixed assets | 26 | €12,819 | €3,906 | -€8,913 | -69.5% |
| Current assets | 29/58 | €104,579 | €96,791 | -€7,788 | -7.4% |
| Amounts receivable within one year | 40/41 | €57,832 | €48,162 | -€9,671 | -16.7% |
| Trade receivables | 40 | €33,486 | €46,759 | +€13,273 | +39.6% |
| Other amounts receivable | 41 | €24,346 | €1,402 | -€22,944 | -94.2% |
| Current investments | 50/53 | €34,203 | €44,898 | +€10,695 | +31.3% |
| Cash at bank and in hand | 54/58 | €12,544 | €3,732 | -€8,812 | -70.3% |
| Total equity and liabilities | 10/49 | €126,218 | €178,054 | +€51,836 | +41.1% |
| Equity | 10/15 | €80,508 | €27,255 | -€53,253 | -66.1% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €51,744 | - | -€51,744 | |
| Distributable reserves | 133 | €51,744 | - | -€51,744 | |
| Profit (loss) carried forward | 14 | €25,764 | €24,255 | -€1,509 | -5.9% |
| Amounts payable | 17/49 | €45,710 | €150,800 | +€105,090 | +229.9% |
| Amounts payable after more than one year | 17 | - | €23,836 | +€23,836 | |
| Financial debts | 170/4 | - | €23,836 | +€23,836 | |
| Amounts payable within one year | 42/48 | €45,710 | €126,963 | +€81,253 | +177.8% |
| Current portion of amounts payable after more than one year | 42 | - | €8,664 | +€8,664 | |
| Financial debts | 43 | €21,703 | - | -€21,703 | |
| Credit institutions | 430/8 | €21,703 | - | -€21,703 | |
| Trade debts | 44 | €13,135 | €9,166 | -€3,969 | -30.2% |
| Suppliers | 440/4 | €13,135 | €9,166 | -€3,969 | -30.2% |
| Taxes, remuneration and social security | 45 | €8,688 | €44,312 | +€35,624 | +410.0% |
| Taxes | 450/3 | €8,688 | €44,312 | +€35,624 | +410.0% |
| Other amounts payable | 47/48 | €2,184 | €64,821 | +€62,637 | +2868.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,667 | €5,586 | +€3,919 | +235.1% |
| Other operating charges | 640/8 | €262 | €714 | +€452 | +172.4% |
| Gross operating margin | 9900 | €28,972 | €68,225 | +€39,253 | +135.5% |
| Operating profit (loss) | 9901 | €27,043 | €61,925 | +€34,882 | +129.0% |
| Financial income | 75/76B | €290 | €381 | +€91 | +31.2% |
| Recurring financial income | 75 | €290 | €381 | +€91 | +31.2% |
| Financial charges | 65/66B | €1,569 | €993 | -€576 | -36.7% |
| Recurring financial charges | 65 | €1,569 | €993 | -€576 | -36.7% |
| Profit (loss) for the period before taxes | 9903 | €25,764 | €61,313 | +€35,549 | +138.0% |
| Income taxes | 67/77 | - | €14,566 | +€14,566 | |
| Profit (loss) for the period | 9904 | €25,764 | €46,747 | +€20,983 | +81.4% |
| Profit (loss) for the period to be appropriated | 9905 | €25,764 | €46,747 | +€20,983 | +81.4% |
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 10 October 2026 via checked.be.