FVL-CONSULT: 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.
FVL-CONSULT
Largest movements
- Receivables within one year +€46,082
up €46,082 (+2,797%), from €1,647 to €47,729
of which Trade receivables: +€42,459
- Cash +€16,862
up €16,862 (+8.9%), from €189,958 to €206,820
mainly Trade debts (+€50,721) and Net result for the year (+€34,466)
- Trade debts +€50,721
up €50,721 (+450%), from €11,282 to €62,003
- Reserves +€22,522
up €22,522 (+15.0%), from €149,972 to €172,494
- Debts after one year -€7,922
down €7,922 (-25.3%), from €31,254 to €23,332
- Contributions +€6,200
up €6,200 (+50.0%), from €12,400 to €18,600
- Current portion of long-term debt -€5,293
down €5,293 (-40.1%), from €13,215 to €7,922
- Gross operating margin +€2,576
up €2,576 (+4.6%), from €55,638 to €58,214
- Taxes +€950
up €950 (+7.4%), from €12,804 to €13,754
- Depreciation -€883
down €883 (-9.3%), from €9,517 to €8,634
- Financial income -€679
down €679 (-75.4%), from €900 to €221
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.
Derived cash bridge
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 | €223,832 | €285,177 | +€61,346 | +27.4% |
| Fixed assets | 21/28 | €29,020 | €27,162 | -€1,858 | -6.4% |
| Tangible fixed assets | 22/27 | €29,020 | €27,162 | -€1,858 | -6.4% |
| Plant, machinery and equipment | 23 | €4,515 | €8,755 | +€4,240 | +93.9% |
| Furniture and vehicles | 24 | €20,789 | €15,029 | -€5,759 | -27.7% |
| Other tangible fixed assets | 26 | €3,716 | €3,378 | -€338 | -9.1% |
| Current assets | 29/58 | €194,812 | €258,015 | +€63,203 | +32.4% |
| Stocks and contracts in progress | 3 | €795 | €833 | +€38 | +4.8% |
| Stocks | 30/36 | €795 | €833 | +€38 | +4.8% |
| Amounts receivable within one year | 40/41 | €1,647 | €47,729 | +€46,082 | +2,797% |
| Trade receivables | 40 | €182 | €42,640 | +€42,459 | +23,393% |
| Other amounts receivable | 41 | €1,466 | €5,089 | +€3,624 | +247% |
| Cash at bank and in hand | 54/58 | €189,958 | €206,820 | +€16,862 | +8.9% |
| Deferred charges and accrued income | 490/1 | €2,411 | €2,633 | +€221 | +9.2% |
| Total equity and liabilities | 10/49 | €223,832 | €285,177 | +€61,346 | +27.4% |
| Equity | 10/15 | €162,372 | €191,094 | +€28,722 | +17.7% |
| Contributions | 10/11 | €12,400 | €18,600 | +€6,200 | +50.0% |
| Reserves | 13 | €149,972 | €172,494 | +€22,522 | +15.0% |
| Distributable reserves | 133 | €149,972 | €172,494 | +€22,522 | +15.0% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €61,460 | €94,083 | +€32,623 | +53.1% |
| Amounts payable after more than one year | 17 | €31,254 | €23,332 | -€7,922 | -25.3% |
| Financial debts | 170/4 | €31,254 | €23,332 | -€7,922 | -25.3% |
| Amounts payable within one year | 42/48 | €30,206 | €70,751 | +€40,546 | +134% |
| Current portion of amounts payable after more than one year | 42 | €13,215 | €7,922 | -€5,293 | -40.1% |
| Trade debts | 44 | €11,282 | €62,003 | +€50,721 | +450% |
| Suppliers | 440/4 | €11,282 | €62,003 | +€50,721 | +450% |
| Taxes, remuneration and social security | 45 | €4,201 | €0 | -€4,201 | -100% |
| Taxes | 450/3 | €4,201 | €0 | -€4,201 | -100% |
| Other amounts payable | 47/48 | €1,507 | €826 | -€681 | -45.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,517 | €8,634 | -€883 | -9.3% |
| Other operating charges | 640/8 | €665 | €605 | -€60 | -9.0% |
| Gross operating margin | 9900 | €55,638 | €58,214 | +€2,576 | +4.6% |
| Operating profit (loss) | 9901 | €45,455 | €48,974 | +€3,519 | +7.7% |
| Financial income | 75/76B | €900 | €221 | -€679 | -75.4% |
| Recurring financial income | 75 | €900 | €221 | -€679 | -75.4% |
| Financial charges | 65/66B | €1,183 | €976 | -€207 | -17.5% |
| Recurring financial charges | 65 | €1,183 | €976 | -€207 | -17.5% |
| Profit (loss) for the period before taxes | 9903 | €45,172 | €48,220 | +€3,048 | +6.7% |
| Income taxes | 67/77 | €12,804 | €13,754 | +€950 | +7.4% |
| Profit (loss) for the period | 9904 | €32,368 | €34,466 | +€2,098 | +6.5% |
| Profit (loss) for the period to be appropriated | 9905 | €32,368 | €34,466 | +€2,098 | +6.5% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 26 October 2026 via checked.be.