FVLH Group: 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.
FVLH Group
Largest movements
- Cash +€149,206
up €149,206 (+17.8%), from €837,447 to €986,653
mainly Net result for the year (+€274,935) and Other debts (+€68,950)
- Tangible fixed assets -€19,425
down €19,425 (-62.9%), from €30,905 to €11,480
of which Furniture and vehicles: -€9,762
- Profit (loss) carried forward +€174,935
up €174,935 (+41.4%), from €422,481 to €597,416
- Tax, wage and social debts -€105,841
down €105,841 (-81.1%), from €130,526 to €24,686
of which Taxes: -€103,713
- Other debts +€68,950
up €68,950 (+22.5%), from €305,783 to €374,733
- Financial income +€11,225
new in 2024: €11,225
- Taxes +€7,000
up €7,000 (+17.1%), from €41,000 to €48,000
- Depreciation -€6,649
down €6,649 (-21.2%), from €31,299 to €24,651
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €890,981 | €1,028,307 | +€137,326 | +15.4% |
| Fixed assets | 21/28 | €30,905 | €11,480 | -€19,425 | -62.9% |
| Tangible fixed assets | 22/27 | €30,905 | €11,480 | -€19,425 | -62.9% |
| Plant, machinery and equipment | 23 | €14,598 | €5,335 | -€9,263 | -63.5% |
| Furniture and vehicles | 24 | €13,807 | €4,045 | -€9,762 | -70.7% |
| Other tangible fixed assets | 26 | €2,500 | €2,100 | -€400 | -16.0% |
| Current assets | 29/58 | €860,076 | €1,016,827 | +€156,751 | +18.2% |
| Stocks and contracts in progress | 3 | €895 | €1,673 | +€778 | +87.0% |
| Stocks | 30/36 | €895 | €1,673 | +€778 | +87.0% |
| Amounts receivable within one year | 40/41 | €21,734 | €25,133 | +€3,398 | +15.6% |
| Trade receivables | 40 | €21,734 | €25,133 | +€3,398 | +15.6% |
| Cash at bank and in hand | 54/58 | €837,447 | €986,653 | +€149,206 | +17.8% |
| Deferred charges and accrued income | 490/1 | - | €3,367 | +€3,367 | |
| Total equity and liabilities | 10/49 | €890,981 | €1,028,307 | +€137,326 | +15.4% |
| Equity | 10/15 | €441,081 | €616,016 | +€174,935 | +39.7% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Capital | 10 | €18,600 | €18,600 | = | 0.0% |
| Issued capital | 100 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | €422,481 | €597,416 | +€174,935 | +41.4% |
| Amounts payable | 17/49 | €449,899 | €412,290 | -€37,609 | -8.4% |
| Amounts payable within one year | 42/48 | €449,899 | €412,290 | -€37,609 | -8.4% |
| Trade debts | 44 | €13,590 | €12,871 | -€719 | -5.3% |
| Suppliers | 440/4 | €13,590 | €12,871 | -€719 | -5.3% |
| Taxes, remuneration and social security | 45 | €130,526 | €24,686 | -€105,841 | -81.1% |
| Taxes | 450/3 | €124,977 | €21,264 | -€103,713 | -83.0% |
| Remuneration and social security | 454/9 | €5,549 | €3,421 | -€2,128 | -38.3% |
| Other amounts payable | 47/48 | €305,783 | €374,733 | +€68,950 | +22.5% |
| Remuneration, social security and pensions | 62 | €15,737 | €15,213 | -€524 | -3.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €31,299 | €24,651 | -€6,649 | -21.2% |
| Other operating charges | 640/8 | €1,105 | €1,000 | -€106 | -9.6% |
| Gross operating margin | 9900 | €349,331 | €352,734 | +€3,404 | +1.0% |
| Operating profit (loss) | 9901 | €301,189 | €311,871 | +€10,682 | +3.5% |
| Financial income | 75/76B | - | €11,225 | +€11,225 | |
| Recurring financial income | 75 | - | €11,225 | +€11,225 | |
| Financial charges | 65/66B | €167 | €161 | -€6 | -3.6% |
| Recurring financial charges | 65 | €167 | €161 | -€6 | -3.6% |
| Profit (loss) for the period before taxes | 9903 | €301,022 | €322,935 | +€21,913 | +7.3% |
| Income taxes | 67/77 | €41,000 | €48,000 | +€7,000 | +17.1% |
| Profit (loss) for the period | 9904 | €260,022 | €274,935 | +€14,913 | +5.7% |
| Profit (loss) for the period to be appropriated | 9905 | €260,022 | €274,935 | +€14,913 | +5.7% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 19 October 2026 via checked.be.