FVI INVEST: what changed
What changed
FVI INVEST
NACE 68.110, Buying and selling of own real estate
filed annual accounts (NBB)
Net result for the year
-€729,967
2024 · -€694,535-€35,432
Equity
€7.1m
2024 · €7.9m-€747,033
Cash
€970
2024 · €14,085-€13,114
Balance sheet total
€14.2m
2024 · €11.0m+€3.2m
Largest movements
Assets
- Receivables after one year +€4.2m
up €4.2m (+2,282%), from €185,079 to €4.4m
- Intangible fixed assets -€661,628
down €661,628 (-19.3%), from €3.4m to €2.8m
- Tangible fixed assets -€272,184
down €272,184 (-3.8%), from €7.2m to €6.9m
of which Land and buildings: -€210,571
Equity and liabilities
- Debts after one year +€5.1m
up €5.1m (+2,069%), from €245,407 to €5.3m
- Trade debts -€1.5m
down €1.5m (-97.4%), from €1.5m to €38,879
- Profit (loss) carried forward -€458,847
down €458,847 (-55.4%), from €828,757 to €369,910
- Other debts +€327,002
new in 2025: €327,002
- Reserves -€271,120
down €271,120 (-7.3%), from €3.7m to €3.4m
of which Tax-exempt reserves: -€271,120
Income statement
- Other operating charges +€191,013
up €191,013 (+1,215%), from €15,725 to €206,738
- Gross operating margin +€175,064
up €175,064 (+650%), from €26,951 to €202,015
- Depreciation -€133,464
down €133,464 (-16.8%), from €795,023 to €661,559
- Financial charges +€110,597
up €110,597 (+368%), from €30,046 to €140,643
of which Financial charges: +€138,830
- Financial income +€78,200
up €78,200 (+213%), from €36,680 to €114,881
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
-€694,535
Gross operating margin
+€175,064
Staff costs
+€19,222
Depreciation
+€133,464
Other operating charges
-€191,013
Other operating items
-€112,914
Financial income
+€78,200
Financial charges
-€110,597
Taxes
-€7,960
Deferred taxes and other
-€18,899
Result 2025
-€729,967
raises the resultlowers the resultnot broken down further in the accounts
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
-€5.5m
Investment
+€272,252
Financing
+€5.2m
Cash 2024
€14,085
From operations (derived)
-€5.5m
Net result for the year
-€729,967
Depreciation
+€661,559
Receivables after one year
-€4.2m
Receivables within one year
+€65,984
Smaller working-capital items
-€5,375
Provisions
-€96,062
Trade debts
-€1.5m
Other debts
+€327,002
Investment (derived)
+€272,252
Investment in fixed assets (net)
+€272,252
Financing
+€5.2m
Debts after one year
+€5.1m
Current portion of long-term debt
+€133,067
Contributions, distributions and other
-€17,065
Cash 2025
€970
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €10,974,241 | €14,182,558 | +€3.2m | +29.2% |
| Fixed assets | 21/28 | €10,657,329 | €9,723,518 | -€933,811 | -8.8% |
| Intangible fixed assets | 21 | €3,426,558 | €2,764,930 | -€661,628 | -19.3% |
| Tangible fixed assets | 22/27 | €7,177,846 | €6,905,662 | -€272,184 | -3.8% |
| Land and buildings | 22 | €7,088,416 | €6,877,845 | -€210,571 | -3.0% |
| Plant, machinery and equipment | 23 | €8,871 | €7,019 | -€1,852 | -20.9% |
| Furniture and vehicles | 24 | €80,559 | €20,799 | -€59,761 | -74.2% |
| Financial fixed assets | 28 | €52,925 | €52,926 | +€1 | 0.0% |
| Current assets | 29/58 | €316,911 | €4,459,040 | +€4.1m | +1,307% |
| Amounts receivable after more than one year | 29 | €185,079 | €4,407,807 | +€4.2m | +2,282% |
| Other amounts receivable | 291 | €185,079 | €4,407,807 | +€4.2m | +2,282% |
| Amounts receivable within one year | 40/41 | €116,247 | €50,263 | -€65,984 | -56.8% |
| Trade receivables | 40 | €722 | - | -€722 | |
| Other amounts receivable | 41 | €115,525 | €50,263 | -€65,262 | -56.5% |
| Cash at bank and in hand | 54/58 | €14,085 | €970 | -€13,114 | -93.1% |
| Deferred charges and accrued income | 490/1 | €1,500 | - | -€1,500 | |
| Total equity and liabilities | 10/49 | €10,974,241 | €14,182,558 | +€3.2m | +29.2% |
| Equity | 10/15 | €7,891,370 | €7,144,338 | -€747,033 | -9.5% |
| Contributions | 10/11 | €3,265,323 | €3,265,323 | = | 0.0% |
| Capital | 10 | €3,265,323 | €3,265,323 | = | 0.0% |
| Issued capital | 100 | €3,265,323 | €3,265,323 | = | 0.0% |
| Reserves | 13 | €3,719,124 | €3,448,004 | -€271,120 | -7.3% |
| Non-distributable reserves | 130/1 | €57,271 | €57,271 | = | 0.0% |
| Legal reserve | 130 | €57,271 | €57,271 | = | 0.0% |
| Tax-exempt reserves | 132 | €3,661,853 | €3,390,732 | -€271,120 | -7.4% |
| Profit (loss) carried forward | 14 | €828,757 | €369,910 | -€458,847 | -55.4% |
| Investment grants | 15 | €78,166 | €61,101 | -€17,065 | -21.8% |
| Provisions and deferred taxes | 16 | €1,251,674 | €1,155,612 | -€96,062 | -7.7% |
| Deferred taxes | 168 | €1,251,674 | €1,155,612 | -€96,062 | -7.7% |
| Amounts payable | 17/49 | €1,831,196 | €5,882,608 | +€4.1m | +221% |
| Amounts payable after more than one year | 17 | €245,407 | €5,322,520 | +€5.1m | +2,069% |
| Financial debts | 170/4 | €245,407 | €5,322,520 | +€5.1m | +2,069% |
| Amounts payable within one year | 42/48 | €1,585,789 | €560,088 | -€1.0m | -64.7% |
| Current portion of amounts payable after more than one year | 42 | - | €133,067 | +€133,067 | |
| Trade debts | 44 | €1,517,774 | €38,879 | -€1.5m | -97.4% |
| Suppliers | 440/4 | €1,517,774 | €38,879 | -€1.5m | -97.4% |
| Advances received on contracts in progress | 46 | €60,135 | €59,508 | -€627 | -1.0% |
| Taxes, remuneration and social security | 45 | €7,880 | €1,632 | -€6,248 | -79.3% |
| Taxes | 450/3 | €3,392 | €1,632 | -€1,760 | -51.9% |
| Remuneration and social security | 454/9 | €4,488 | - | -€4,488 | |
| Other amounts payable | 47/48 | - | €327,002 | +€327,002 | |
| Non-recurring operating income | 76A | - | €7,137 | +€7,137 | |
| Remuneration, social security and pensions | 62 | €28,711 | €9,489 | -€19,222 | -67.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €795,023 | €661,559 | -€133,464 | -16.8% |
| Other operating charges | 640/8 | €15,725 | €206,738 | +€191,013 | +1,215% |
| Non-recurring operating charges | 66A | €10,650 | €123,564 | +€112,914 | +1,060% |
| Gross operating margin | 9900 | €26,951 | €202,015 | +€175,064 | +650% |
| Operating profit (loss) | 9901 | -€823,158 | -€799,336 | +€23,822 | +2.9% |
| Financial income | 75/76B | €36,680 | €114,881 | +€78,200 | +213% |
| Recurring financial income | 75 | €36,680 | €114,881 | +€78,200 | +213% |
| Financial charges | 65/66B | €30,046 | €140,643 | +€110,597 | +368% |
| Recurring financial charges | 65 | €1,812 | €140,643 | +€138,830 | +7,660% |
| Non-recurring financial charges | 66B | €28,234 | - | -€28,234 | |
| Profit (loss) for the period before taxes | 9903 | -€816,524 | -€825,098 | -€8,574 | -1.1% |
| Transfer from deferred taxes | 780 | €114,961 | €96,062 | -€18,899 | -16.4% |
| Income taxes | 67/77 | -€7,028 | €931 | +€7,960 | |
| Profit (loss) for the period | 9904 | -€694,535 | -€729,967 | -€35,432 | -5.1% |
| Transfer from tax-exempt reserves | 789 | €327,816 | €271,120 | -€56,696 | -17.3% |
| Transfer to tax-exempt reserves | 689 | €36,743 | - | -€36,743 | |
| Profit (loss) for the period to be appropriated | 9905 | -€403,462 | -€458,847 | -€55,385 | -13.7% |
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 3 November 2026 via checked.be.