FVDV: 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.
FVDV
Largest movements
- Financial fixed assets +€1.2m
new in 2025: €1.2m
- Receivables after one year +€30,369
new in 2025: €30,369
- Cash +€23,305
up €23,305 (+28.0%), from €83,345 to €106,650
mainly Debts after one year (+€968,951) and Net result for the year (+€108,022)
- Debts after one year +€968,951
new in 2025: €968,951
- Profit (loss) carried forward +€108,022
up €108,022 (+161.7%), from €66,788 to €174,811
- Current portion of long-term debt +€106,133
new in 2025: €106,133
- Tax, wage and social debts +€28,609
up €28,609 (+175.1%), from €16,342 to €44,950
of which Taxes: +€28,859
- Gross operating margin +€117,220
up €117,220 (+220.6%), from €53,129 to €170,349
- Financial charges +€24,266
up €24,266 (+735.3%), from €3,300 to €27,566
- Taxes +€22,176
up €22,176 (+227.6%), from €9,741 to €31,917
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 | €90,266 | €1,302,834 | +€1.2m | +1343.3% |
| Fixed assets | 21/28 | €2,367 | €1,162,752 | +€1.2m | +49028.4% |
| Tangible fixed assets | 22/27 | €2,367 | €459 | -€1,907 | -80.6% |
| Plant, machinery and equipment | 23 | €873 | €335 | -€538 | -61.7% |
| Furniture and vehicles | 24 | €1,494 | €125 | -€1,369 | -91.6% |
| Financial fixed assets | 28 | - | €1,162,292 | +€1.2m | |
| Current assets | 29/58 | €87,899 | €140,082 | +€52,183 | +59.4% |
| Amounts receivable after more than one year | 29 | - | €30,369 | +€30,369 | |
| Trade receivables | 290 | - | €30,369 | +€30,369 | |
| Cash at bank and in hand | 54/58 | €83,345 | €106,650 | +€23,305 | +28.0% |
| Deferred charges and accrued income | 490/1 | €4,554 | €3,063 | -€1,491 | -32.7% |
| Total equity and liabilities | 10/49 | €90,266 | €1,302,834 | +€1.2m | +1343.3% |
| Equity | 10/15 | €67,788 | €175,811 | +€108,022 | +159.4% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €66,788 | €174,811 | +€108,022 | +161.7% |
| Amounts payable | 17/49 | €22,478 | €1,127,024 | +€1.1m | +4913.9% |
| Amounts payable after more than one year | 17 | - | €968,951 | +€968,951 | |
| Financial debts | 170/4 | - | €968,951 | +€968,951 | |
| Amounts payable within one year | 42/48 | €21,778 | €158,072 | +€136,294 | +625.8% |
| Current portion of amounts payable after more than one year | 42 | - | €106,133 | +€106,133 | |
| Trade debts | 44 | €5,436 | €2,864 | -€2,572 | -47.3% |
| Suppliers | 440/4 | €5,436 | €2,864 | -€2,572 | -47.3% |
| Taxes, remuneration and social security | 45 | €16,342 | €44,950 | +€28,609 | +175.1% |
| Taxes | 450/3 | €16,092 | €44,950 | +€28,859 | +179.3% |
| Remuneration and social security | 454/9 | €250 | - | -€250 | |
| Other amounts payable | 47/48 | - | €4,124 | +€4,124 | |
| Accrued charges and deferred income | 492/3 | €700 | - | -€700 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,097 | €1,907 | -€190 | -9.1% |
| Other operating charges | 640/8 | €786 | €1,306 | +€520 | +66.1% |
| Gross operating margin | 9900 | €53,129 | €170,349 | +€117,220 | +220.6% |
| Operating profit (loss) | 9901 | €50,245 | €167,136 | +€116,891 | +232.6% |
| Financial income | 75/76B | €0 | €369 | +€369 | +1846400.0% |
| Recurring financial income | 75 | €0 | €369 | +€369 | +1846400.0% |
| Financial charges | 65/66B | €3,300 | €27,566 | +€24,266 | +735.3% |
| Recurring financial charges | 65 | €3,300 | €27,566 | +€24,266 | +735.3% |
| Profit (loss) for the period before taxes | 9903 | €46,945 | €139,939 | +€92,994 | +198.1% |
| Income taxes | 67/77 | €9,741 | €31,917 | +€22,176 | +227.6% |
| Profit (loss) for the period | 9904 | €37,204 | €108,022 | +€70,819 | +190.4% |
| Profit (loss) for the period to be appropriated | 9905 | €37,204 | €108,022 | +€70,819 | +190.4% |
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 29 September 2026 via checked.be.