FVDM Invest: 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.
FVDM Invest
Largest movements
- Cash -€18,555
down €18,555 (-55.7%), from €33,319 to €14,764
mainly Investment in fixed assets (net) (-€28,707) and Net result for the year (-€15,229)
- Profit (loss) carried forward -€15,229
down €15,229 (-9.4%), from -€162,707 to -€177,936
- Turnover -€20,892
down €20,892 (-18.3%), from €114,145 to €93,253
- Purchases and services +€6,986
up €6,986 (+22.8%), from €30,634 to €37,620
- Gross operating margin -€4,718
down €4,718 (-5.6%), from €83,511 to €78,793
- Staff costs +€2,098
up €2,098 (+3.8%), from €55,381 to €57,479
- Depreciation +€1,437
up €1,437 (+4.9%), from €29,566 to €31,003
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 | €791,283 | €772,128 | -€19,155 | -2.4% |
| Fixed assets | 21/28 | €741,817 | €739,521 | -€2,296 | -0.3% |
| Tangible fixed assets | 22/27 | €741,817 | €739,521 | -€2,296 | -0.3% |
| Land and buildings | 22 | €736,511 | €735,590 | -€921 | -0.1% |
| Plant, machinery and equipment | 23 | €255 | €60 | -€195 | -76.5% |
| Furniture and vehicles | 24 | €5,051 | €3,871 | -€1,180 | -23.4% |
| Current assets | 29/58 | €49,466 | €32,607 | -€16,859 | -34.1% |
| Amounts receivable within one year | 40/41 | €16,147 | €17,843 | +€1,696 | +10.5% |
| Trade receivables | 40 | €16,147 | €13,758 | -€2,389 | -14.8% |
| Other amounts receivable | 41 | - | €4,085 | +€4,085 | |
| Cash at bank and in hand | 54/58 | €33,319 | €14,764 | -€18,555 | -55.7% |
| Total equity and liabilities | 10/49 | €791,283 | €772,128 | -€19,155 | -2.4% |
| Equity | 10/15 | €473,194 | €457,965 | -€15,229 | -3.2% |
| Contributions | 10/11 | €606,200 | €606,200 | = | 0.0% |
| Capital | 10 | €606,200 | €606,200 | = | 0.0% |
| Issued capital | 100 | €606,200 | €606,200 | = | 0.0% |
| Revaluation surpluses | 12 | €27,578 | €27,578 | = | 0.0% |
| Reserves | 13 | €2,123 | €2,123 | = | 0.0% |
| Tax-exempt reserves | 132 | €2,123 | €2,123 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€162,707 | -€177,936 | -€15,229 | -9.4% |
| Amounts payable | 17/49 | €318,089 | €314,163 | -€3,926 | -1.2% |
| Amounts payable within one year | 42/48 | €318,089 | €314,163 | -€3,926 | -1.2% |
| Current portion of amounts payable after more than one year | 42 | €313,972 | €313,630 | -€342 | -0.1% |
| Trade debts | 44 | €971 | - | -€971 | |
| Suppliers | 440/4 | €971 | - | -€971 | |
| Taxes, remuneration and social security | 45 | €3,146 | €533 | -€2,613 | -83.1% |
| Taxes | 450/3 | €2,015 | €533 | -€1,482 | -73.5% |
| Remuneration and social security | 454/9 | €1,131 | - | -€1,131 | |
| Turnover | 70 | €114,145 | €93,253 | -€20,892 | -18.3% |
| Goods, raw materials, services and sundry goods | 60/61 | €30,634 | €37,620 | +€6,986 | +22.8% |
| Remuneration, social security and pensions | 62 | €55,381 | €57,479 | +€2,098 | +3.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €29,566 | €31,003 | +€1,437 | +4.9% |
| Other operating charges | 640/8 | €4,710 | €5,050 | +€340 | +7.2% |
| Gross operating margin | 9900 | €83,511 | €78,793 | -€4,718 | -5.6% |
| Operating profit (loss) | 9901 | -€6,146 | -€14,739 | -€8,593 | -140% |
| Financial income | 75/76B | €1 | - | -€1 | |
| Recurring financial income | 75 | €1 | - | -€1 | |
| Financial charges | 65/66B | €500 | €490 | -€10 | -2.0% |
| Recurring financial charges | 65 | €500 | €490 | -€10 | -2.0% |
| Profit (loss) for the period before taxes | 9903 | -€6,645 | -€15,229 | -€8,584 | -129% |
| Profit (loss) for the period | 9904 | -€6,645 | -€15,229 | -€8,584 | -129% |
| Profit (loss) for the period to be appropriated | 9905 | -€6,645 | -€15,229 | -€8,584 | -129% |
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 31 October 2026 via checked.be.