FVL Technical & Production Services: 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 Technical & Production Services
Largest movements
- Cash +€27,381
up €27,381 (+68.4%), from €40,044 to €67,425
mainly Net result for the year (+€17,637) and Depreciation (+€4,687)
- Tangible fixed assets -€4,576
down €4,576 (-33.1%), from €13,829 to €9,253
- Receivables within one year -€2,833
down €2,833 (-28.6%), from €9,920 to €7,087
of which Trade receivables: -€2,838
- Reserves +€17,637
up €17,637 (+52.0%), from €33,942 to €51,579
of which Distributable reserves: +€17,637
- Other debts +€1,246
up €1,246 (+5.0%), from €25,152 to €26,398
- Accrued charges and deferred income +€1,148
new in 2025: €1,148
- Purchases and services +€15,042
up €15,042 (+24.2%), from €62,076 to €77,118
- Gross operating margin -€13,255
down €13,255 (-25.0%), from €53,011 to €39,756
- Taxes -€3,927
down €3,927 (-24.2%), from €16,218 to €12,291
- Turnover +€1,787
up €1,787 (+1.6%), from €115,087 to €116,874
- Other operating charges -€1,588
down €1,588 (-34.6%), from €4,587 to €2,999
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 | €64,539 | €84,401 | +€19,862 | +30.8% |
| Formation expenses | 20 | €746 | €636 | -€110 | -14.7% |
| Fixed assets | 21/28 | €13,829 | €9,253 | -€4,576 | -33.1% |
| Tangible fixed assets | 22/27 | €13,829 | €9,253 | -€4,576 | -33.1% |
| Furniture and vehicles | 24 | €13,829 | €9,253 | -€4,576 | -33.1% |
| Current assets | 29/58 | €49,964 | €74,512 | +€24,548 | +49.1% |
| Amounts receivable within one year | 40/41 | €9,920 | €7,087 | -€2,833 | -28.6% |
| Trade receivables | 40 | €4,784 | €1,946 | -€2,838 | -59.3% |
| Other amounts receivable | 41 | €5,136 | €5,141 | +€5 | +0.1% |
| Cash at bank and in hand | 54/58 | €40,044 | €67,425 | +€27,381 | +68.4% |
| Total equity and liabilities | 10/49 | €64,539 | €84,401 | +€19,862 | +30.8% |
| Equity | 10/15 | €37,442 | €55,079 | +€17,637 | +47.1% |
| Contributions | 10/11 | €3,500 | €3,500 | = | 0.0% |
| Capital | 10 | €3,500 | €3,500 | = | 0.0% |
| Issued capital | 100 | €3,500 | €3,500 | = | 0.0% |
| Reserves | 13 | €33,942 | €51,579 | +€17,637 | +52.0% |
| Non-distributable reserves | 130/1 | €350 | €350 | = | 0.0% |
| Legal reserve | 130 | €350 | €350 | = | 0.0% |
| Distributable reserves | 133 | €33,592 | €51,229 | +€17,637 | +52.5% |
| Amounts payable | 17/49 | €27,097 | €29,322 | +€2,225 | +8.2% |
| Amounts payable within one year | 42/48 | €27,097 | €28,174 | +€1,077 | +4.0% |
| Trade debts | 44 | €1,226 | €1,242 | +€16 | +1.3% |
| Suppliers | 440/4 | €1,226 | €1,242 | +€16 | +1.3% |
| Taxes, remuneration and social security | 45 | €719 | €534 | -€185 | -25.7% |
| Taxes | 450/3 | €719 | €534 | -€185 | -25.7% |
| Other amounts payable | 47/48 | €25,152 | €26,398 | +€1,246 | +5.0% |
| Accrued charges and deferred income | 492/3 | - | €1,148 | +€1,148 | |
| Turnover | 70 | €115,087 | €116,874 | +€1,787 | +1.6% |
| Goods, raw materials, services and sundry goods | 60/61 | €62,076 | €77,118 | +€15,042 | +24.2% |
| Remuneration, social security and pensions | 62 | €318 | €351 | +€33 | +10.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,687 | €4,687 | = | 0.0% |
| Other operating charges | 640/8 | €4,587 | €2,999 | -€1,588 | -34.6% |
| Gross operating margin | 9900 | €53,011 | €39,756 | -€13,255 | -25.0% |
| Operating profit (loss) | 9901 | €43,419 | €31,719 | -€11,700 | -26.9% |
| Financial income | 75/76B | - | €74 | +€74 | |
| Recurring financial income | 75 | - | €74 | +€74 | |
| Financial charges | 65/66B | €2,443 | €1,865 | -€578 | -23.7% |
| Recurring financial charges | 65 | €2,443 | €1,865 | -€578 | -23.7% |
| Profit (loss) for the period before taxes | 9903 | €40,976 | €29,928 | -€11,048 | -27.0% |
| Income taxes | 67/77 | €16,218 | €12,291 | -€3,927 | -24.2% |
| Profit (loss) for the period | 9904 | €24,758 | €17,637 | -€7,121 | -28.8% |
| Profit (loss) for the period to be appropriated | 9905 | €24,758 | €17,637 | -€7,121 | -28.8% |
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 14 October 2026 via checked.be.