FVH M: 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.
FVH M
Largest movements
- Cash +€115,841
up €115,841 (+169.2%), from €68,479 to €184,320
mainly Net result for the year (+€180,451) and Tax, wage and social debts (+€32,813)
- Current investments +€100,000
new in 2025: €100,000
- Tangible fixed assets -€8,544
down €8,544 (-20.9%), from €40,820 to €32,276
- Reserves +€180,451
up €180,451 (+196.0%), from €92,072 to €272,523
- Tax, wage and social debts +€32,813
up €32,813 (+86.5%), from €37,927 to €70,740
of which Taxes: +€35,231
- Gross operating margin +€126,352
up €126,352 (+106.1%), from €119,127 to €245,479
- Taxes +€30,535
up €30,535 (+124.9%), from €24,456 to €54,991
- Depreciation +€6,642
up €6,642 (+349.2%), from €1,902 to €8,544
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 | €139,065 | €350,060 | +€210,995 | +151.7% |
| Fixed assets | 21/28 | €40,820 | €32,276 | -€8,544 | -20.9% |
| Tangible fixed assets | 22/27 | €40,820 | €32,276 | -€8,544 | -20.9% |
| Furniture and vehicles | 24 | €40,820 | €32,276 | -€8,544 | -20.9% |
| Current assets | 29/58 | €98,244 | €317,784 | +€219,540 | +223.5% |
| Amounts receivable within one year | 40/41 | €29,765 | €32,008 | +€2,243 | +7.5% |
| Trade receivables | 40 | €29,583 | €30,695 | +€1,112 | +3.8% |
| Other amounts receivable | 41 | €183 | €1,313 | +€1,131 | +618.9% |
| Current investments | 50/53 | - | €100,000 | +€100,000 | |
| Cash at bank and in hand | 54/58 | €68,479 | €184,320 | +€115,841 | +169.2% |
| Deferred charges and accrued income | 490/1 | - | €1,456 | +€1,456 | |
| Total equity and liabilities | 10/49 | €139,065 | €350,060 | +€210,995 | +151.7% |
| Equity | 10/15 | €94,572 | €275,023 | +€180,451 | +190.8% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Reserves | 13 | €92,072 | €272,523 | +€180,451 | +196.0% |
| Distributable reserves | 133 | €92,072 | €272,523 | +€180,451 | +196.0% |
| Amounts payable | 17/49 | €44,493 | €75,037 | +€30,544 | +68.6% |
| Amounts payable within one year | 42/48 | €41,348 | €74,842 | +€33,495 | +81.0% |
| Trade debts | 44 | €3,421 | €4,102 | +€682 | +19.9% |
| Suppliers | 440/4 | €3,421 | €4,102 | +€682 | +19.9% |
| Taxes, remuneration and social security | 45 | €37,927 | €70,740 | +€32,813 | +86.5% |
| Taxes | 450/3 | €35,509 | €70,740 | +€35,231 | +99.2% |
| Remuneration and social security | 454/9 | €2,418 | €0 | -€2,418 | -100.0% |
| Accrued charges and deferred income | 492/3 | €3,146 | €195 | -€2,951 | -93.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,902 | €8,544 | +€6,642 | +349.2% |
| Other operating charges | 640/8 | €632 | €1,203 | +€571 | +90.4% |
| Gross operating margin | 9900 | €119,127 | €245,479 | +€126,352 | +106.1% |
| Operating profit (loss) | 9901 | €116,593 | €235,732 | +€119,138 | +102.2% |
| Financial income | 75/76B | - | €7 | +€7 | |
| Recurring financial income | 75 | - | €7 | +€7 | |
| Financial charges | 65/66B | €66 | €296 | +€230 | +348.6% |
| Recurring financial charges | 65 | €66 | €296 | +€230 | +348.6% |
| Profit (loss) for the period before taxes | 9903 | €116,527 | €235,442 | +€118,915 | +102.0% |
| Income taxes | 67/77 | €24,456 | €54,991 | +€30,535 | +124.9% |
| Profit (loss) for the period | 9904 | €92,072 | €180,451 | +€88,380 | +96.0% |
| Profit (loss) for the period to be appropriated | 9905 | €92,072 | €180,451 | +€88,380 | +96.0% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 11 October 2026 via checked.be.