FVHK: 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.
FVHK
Largest movements
- Receivables within one year -€6,232
no longer reported in 2025 (was €6,232)
of which Trade receivables: -€5,231
- Tangible fixed assets -€3,888
down €3,888 (-23.0%), from €16,903 to €13,015
of which Plant, machinery and equipment: -€3,686
- Stocks and contracts +€2,821
up €2,821 (+20.6%), from €13,708 to €16,529
- Trade debts +€5,466
up €5,466 (+282.2%), from €1,937 to €7,403
- Tax, wage and social debts -€4,309
down €4,309 (-29.0%), from €14,838 to €10,529
of which Remuneration and social security: -€3,497
- Debts after one year -€3,882
down €3,882 (-38.1%), from €10,176 to €6,295
- Profit (loss) carried forward -€3,350
down €3,350 (-23.2%), from €14,450 to €11,100
- Other debts -€1,191
down €1,191 (-91.5%), from €1,302 to €111
- Staff costs +€3,751
up €3,751 (+2.9%), from €131,136 to €134,887
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 | €83,789 | €76,895 | -€6,893 | -8.2% |
| Fixed assets | 21/28 | €17,326 | €13,438 | -€3,888 | -22.4% |
| Tangible fixed assets | 22/27 | €16,903 | €13,015 | -€3,888 | -23.0% |
| Plant, machinery and equipment | 23 | €15,181 | €11,494 | -€3,686 | -24.3% |
| Furniture and vehicles | 24 | €1,722 | €1,521 | -€202 | -11.7% |
| Financial fixed assets | 28 | €423 | €423 | = | 0.0% |
| Current assets | 29/58 | €66,463 | €63,458 | -€3,005 | -4.5% |
| Stocks and contracts in progress | 3 | €13,708 | €16,529 | +€2,821 | +20.6% |
| Stocks | 30/36 | €13,708 | €16,529 | +€2,821 | +20.6% |
| Amounts receivable within one year | 40/41 | €6,232 | - | -€6,232 | |
| Trade receivables | 40 | €5,231 | - | -€5,231 | |
| Other amounts receivable | 41 | €1,002 | - | -€1,002 | |
| Cash at bank and in hand | 54/58 | €43,800 | €44,116 | +€316 | +0.7% |
| Deferred charges and accrued income | 490/1 | €2,722 | €2,813 | +€90 | +3.3% |
| Total equity and liabilities | 10/49 | €83,789 | €76,895 | -€6,893 | -8.2% |
| Equity | 10/15 | €51,724 | €48,374 | -€3,350 | -6.5% |
| Contributions | 10/11 | €24,789 | €24,789 | = | 0.0% |
| Reserves | 13 | €12,485 | €12,485 | = | 0.0% |
| Non-distributable reserves | 130/1 | €87 | €87 | = | 0.0% |
| Reserves not available under the articles | 1311 | €87 | €87 | = | 0.0% |
| Distributable reserves | 133 | €12,398 | €12,398 | = | 0.0% |
| Profit (loss) carried forward | 14 | €14,450 | €11,100 | -€3,350 | -23.2% |
| Amounts payable | 17/49 | €32,064 | €28,521 | -€3,543 | -11.0% |
| Amounts payable after more than one year | 17 | €10,176 | €6,295 | -€3,882 | -38.1% |
| Financial debts | 170/4 | €10,176 | €6,295 | -€3,882 | -38.1% |
| Amounts payable within one year | 42/48 | €21,888 | €22,227 | +€339 | +1.5% |
| Current portion of amounts payable after more than one year | 42 | €3,811 | €3,882 | +€71 | +1.9% |
| Trade debts | 44 | €1,937 | €7,403 | +€5,466 | +282.2% |
| Suppliers | 440/4 | €1,937 | €7,403 | +€5,466 | +282.2% |
| Advances received on contracts in progress | 46 | - | €303 | +€303 | |
| Taxes, remuneration and social security | 45 | €14,838 | €10,529 | -€4,309 | -29.0% |
| Taxes | 450/3 | €5,988 | €5,176 | -€812 | -13.6% |
| Remuneration and social security | 454/9 | €8,850 | €5,353 | -€3,497 | -39.5% |
| Other amounts payable | 47/48 | €1,302 | €111 | -€1,191 | -91.5% |
| Remuneration, social security and pensions | 62 | €131,136 | €134,887 | +€3,751 | +2.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,140 | €6,364 | +€224 | +3.6% |
| Other operating charges | 640/8 | €962 | €992 | +€30 | +3.1% |
| Gross operating margin | 9900 | €142,845 | €142,917 | +€73 | +0.1% |
| Operating profit (loss) | 9901 | €4,607 | €675 | -€3,932 | -85.4% |
| Financial income | 75/76B | €432 | €381 | -€51 | -11.7% |
| Recurring financial income | 75 | €432 | €381 | -€51 | -11.7% |
| Financial charges | 65/66B | €2,751 | €2,858 | +€107 | +3.9% |
| Recurring financial charges | 65 | €2,751 | €2,858 | +€107 | +3.9% |
| Profit (loss) for the period before taxes | 9903 | €2,288 | -€1,802 | -€4,091 | |
| Income taxes | 67/77 | €2,248 | €1,548 | -€700 | -31.1% |
| Profit (loss) for the period | 9904 | €40 | -€3,350 | -€3,390 | |
| Profit (loss) for the period to be appropriated | 9905 | €40 | -€3,350 | -€3,390 |
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 7 October 2026 via checked.be.