FVDP: 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.
FVDP
Largest movements
- Receivables within one year -€196,969
down €196,969 (-72.2%), from €272,724 to €75,755
of which Other amounts receivable: -€197,331
- Cash -€3,372
down €3,372 (-100.0%), from €3,373 to €1
mainly Trade debts (-€135,868) and Net result for the year (-€117,747)
- Trade debts -€135,868
down €135,868 (-66.6%), from €204,047 to €68,179
- Profit (loss) carried forward -€117,747
down €117,747, from €47,084 to -€70,663
- Advances received +€43,815
up €43,815, from €0 to €43,815
- Tax, wage and social debts +€8,925
up €8,925 (+46.2%), from €19,301 to €28,226
of which Remuneration and social security: +€11,661
- Gross operating margin -€120,976
down €120,976, from €97,659 to -€23,316
- Staff costs +€24,805
up €24,805 (+35.9%), from €69,114 to €93,919
- Taxes -€8,594
down €8,594 (-100%), from €8,594 to €0
- Financial charges -€5,156
down €5,156 (-97.6%), from €5,284 to €128
- Other operating charges -€1,359
down €1,359 (-77.9%), from €1,745 to €386
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.
Derived cash bridge
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 | €276,632 | €75,756 | -€200,876 | -72.6% |
| Fixed assets | 21/28 | €0 | - | = | |
| Tangible fixed assets | 22/27 | €0 | - | = | |
| Furniture and vehicles | 24 | €0 | - | = | |
| Current assets | 29/58 | €276,632 | €75,756 | -€200,876 | -72.6% |
| Amounts receivable within one year | 40/41 | €272,724 | €75,755 | -€196,969 | -72.2% |
| Trade receivables | 40 | €24,883 | €25,245 | +€362 | +1.5% |
| Other amounts receivable | 41 | €247,841 | €50,510 | -€197,331 | -79.6% |
| Cash at bank and in hand | 54/58 | €3,373 | €1 | -€3,372 | -100.0% |
| Deferred charges and accrued income | 490/1 | €535 | €0 | -€535 | -100% |
| Total equity and liabilities | 10/49 | €276,632 | €75,756 | -€200,876 | -72.6% |
| Equity | 10/15 | €53,284 | -€64,463 | -€117,747 | |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Profit (loss) carried forward | 14 | €47,084 | -€70,663 | -€117,747 | |
| Amounts payable | 17/49 | €223,349 | €140,220 | -€83,129 | -37.2% |
| Amounts payable within one year | 42/48 | €223,349 | €140,220 | -€83,129 | -37.2% |
| Trade debts | 44 | €204,047 | €68,179 | -€135,868 | -66.6% |
| Suppliers | 440/4 | €204,047 | €68,179 | -€135,868 | -66.6% |
| Advances received on contracts in progress | 46 | €0 | €43,815 | +€43,815 | |
| Taxes, remuneration and social security | 45 | €19,301 | €28,226 | +€8,925 | +46.2% |
| Taxes | 450/3 | €12,232 | €9,495 | -€2,737 | -22.4% |
| Remuneration and social security | 454/9 | €7,069 | €18,730 | +€11,661 | +165% |
| Other amounts payable | 47/48 | €0 | - | = | |
| Remuneration, social security and pensions | 62 | €69,114 | €93,919 | +€24,805 | +35.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €0 | - | = | |
| Other operating charges | 640/8 | €1,745 | €386 | -€1,359 | -77.9% |
| Non-recurring operating charges | 66A | €37,260 | €0 | -€37,260 | -100% |
| Gross operating margin | 9900 | €97,659 | -€23,316 | -€120,976 | |
| Operating profit (loss) | 9901 | -€10,459 | -€117,621 | -€107,162 | -1,025% |
| Financial income | 75/76B | €1 | €1 | +€1 | +141% |
| Recurring financial income | 75 | €1 | €1 | +€1 | +141% |
| Financial charges | 65/66B | €5,284 | €128 | -€5,156 | -97.6% |
| Recurring financial charges | 65 | €5,284 | €128 | -€5,156 | -97.6% |
| Profit (loss) for the period before taxes | 9903 | -€15,742 | -€117,747 | -€102,005 | -648% |
| Income taxes | 67/77 | €8,594 | €0 | -€8,594 | -100% |
| Profit (loss) for the period | 9904 | -€24,336 | -€117,747 | -€93,411 | -384% |
| Profit (loss) for the period to be appropriated | 9905 | -€24,336 | -€117,747 | -€93,411 | -384% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 16 October 2026 via checked.be.