FVH: 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.
FVH
Largest movements
- Cash -€36,520
down €36,520 (-61.9%), from €58,959 to €22,439
mainly Other debts (-€28,626) and Contributions, distributions and other (-€15,000)
- Stocks and contracts -€4,876
down €4,876 (-100.0%), from €4,876 to €0
- Receivables within one year +€4,213
new in 2025: €4,213
- Deferred charges and accrued income +€2,493
up €2,493 (+211.5%), from €1,179 to €3,671
- Tangible fixed assets +€1,038
new in 2025: €1,038
- Other debts -€28,626
down €28,626 (-73.9%), from €38,750 to €10,124
- Tax, wage and social debts -€8,880
down €8,880 (-44.0%), from €20,178 to €11,298
- Profit (loss) carried forward +€3,930
up €3,930 (+263.2%), from €1,493 to €5,423
- Gross operating margin +€3,593
up €3,593 (+12.9%), from €27,912 to €31,506
- Taxes +€1,500
up €1,500 (+17.9%), from €8,362 to €9,863
- Financial charges -€818
down €818 (-50.7%), from €1,612 to €794
- Other operating charges +€621
up €621 (+51.1%), from €1,216 to €1,838
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 | €65,013 | €31,362 | -€33,652 | -51.8% |
| Fixed assets | 21/28 | - | €1,038 | +€1,038 | |
| Tangible fixed assets | 22/27 | - | €1,038 | +€1,038 | |
| Furniture and vehicles | 24 | - | €1,038 | +€1,038 | |
| Current assets | 29/58 | €65,013 | €30,324 | -€34,690 | -53.4% |
| Stocks and contracts in progress | 3 | €4,876 | €0 | -€4,876 | -100.0% |
| Stocks | 30/36 | €4,876 | €0 | -€4,876 | -100.0% |
| Amounts receivable within one year | 40/41 | - | €4,213 | +€4,213 | |
| Other amounts receivable | 41 | - | €4,213 | +€4,213 | |
| Cash at bank and in hand | 54/58 | €58,959 | €22,439 | -€36,520 | -61.9% |
| Deferred charges and accrued income | 490/1 | €1,179 | €3,671 | +€2,493 | +211.5% |
| Total equity and liabilities | 10/49 | €65,013 | €31,362 | -€33,652 | -51.8% |
| Equity | 10/15 | €4,493 | €8,423 | +€3,930 | +87.5% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €1,493 | €5,423 | +€3,930 | +263.2% |
| Amounts payable | 17/49 | €60,520 | €22,938 | -€37,582 | -62.1% |
| Amounts payable within one year | 42/48 | €60,520 | €22,938 | -€37,582 | -62.1% |
| Trade debts | 44 | €1,592 | €1,517 | -€75 | -4.7% |
| Suppliers | 440/4 | €1,592 | €1,517 | -€75 | -4.7% |
| Taxes, remuneration and social security | 45 | €20,178 | €11,298 | -€8,880 | -44.0% |
| Taxes | 450/3 | €20,178 | €11,298 | -€8,880 | -44.0% |
| Other amounts payable | 47/48 | €38,750 | €10,124 | -€28,626 | -73.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €82 | +€82 | |
| Other operating charges | 640/8 | €1,216 | €1,838 | +€621 | +51.1% |
| Gross operating margin | 9900 | €27,912 | €31,506 | +€3,593 | +12.9% |
| Operating profit (loss) | 9901 | €26,696 | €29,587 | +€2,890 | +10.8% |
| Financial income | 75/76B | €18 | €0 | -€18 | -100.0% |
| Recurring financial income | 75 | €18 | €0 | -€18 | -100.0% |
| Financial charges | 65/66B | €1,612 | €794 | -€818 | -50.7% |
| Recurring financial charges | 65 | €1,612 | €794 | -€818 | -50.7% |
| Profit (loss) for the period before taxes | 9903 | €25,102 | €28,793 | +€3,690 | +14.7% |
| Income taxes | 67/77 | €8,362 | €9,863 | +€1,500 | +17.9% |
| Profit (loss) for the period | 9904 | €16,740 | €18,930 | +€2,190 | +13.1% |
| Profit (loss) for the period to be appropriated | 9905 | €16,740 | €18,930 | +€2,190 | +13.1% |
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 3 October 2026 via checked.be.