FVMS: 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.
FVMS
Largest movements
- Tangible fixed assets -€60,121
down €60,121 (-47.9%), from €125,615 to €65,493
of which Land and buildings: -€52,587
- Cash +€44,792
up €44,792 (+55.6%), from €80,573 to €125,365
mainly Net result for the year (+€84,039) and Depreciation (+€60,121)
- Receivables within one year -€32,930
down €32,930 (-19.3%), from €170,819 to €137,889
of which Trade receivables: -€55,590
- Current investments -€5,255
down €5,255 (-4.8%), from €108,802 to €103,547
- Deferred charges and accrued income -€4,983
down €4,983 (-50.8%), from €9,815 to €4,832
- Debts after one year -€69,377
down €69,377 (-80.0%), from €86,721 to €17,344
- Reserves +€49,278
up €49,278 (+19.3%), from €255,876 to €305,154
of which Distributable reserves: +€49,278
- Trade debts -€48,589
down €48,589 (-97.6%), from €49,764 to €1,175
- Tax, wage and social debts +€10,046
up €10,046 (+69.2%), from €14,523 to €24,569
- Gross operating margin +€44,456
up €44,456 (+30.7%), from €144,620 to €189,077
- Taxes +€14,645
up €14,645 (+70.6%), from €20,742 to €35,386
- Financial income +€2,326
up €2,326 (+40.5%), from €5,745 to €8,072
- Financial charges -€2,133
down €2,133 (-27.3%), from €7,803 to €5,669
- Other operating charges +€1,914
up €1,914 (+19.1%), from €10,017 to €11,931
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 | €495,694 | €437,196 | -€58,498 | -11.8% |
| Fixed assets | 21/28 | €125,684 | €65,563 | -€60,121 | -47.8% |
| Tangible fixed assets | 22/27 | €125,615 | €65,493 | -€60,121 | -47.9% |
| Land and buildings | 22 | €105,174 | €52,587 | -€52,587 | -50.0% |
| Furniture and vehicles | 24 | €20,033 | €12,561 | -€7,473 | -37.3% |
| Other tangible fixed assets | 26 | €407 | €345 | -€62 | -15.2% |
| Financial fixed assets | 28 | €69 | €69 | = | 0.0% |
| Current assets | 29/58 | €370,010 | €371,633 | +€1,623 | +0.4% |
| Amounts receivable within one year | 40/41 | €170,819 | €137,889 | -€32,930 | -19.3% |
| Trade receivables | 40 | €57,941 | €2,351 | -€55,590 | -95.9% |
| Other amounts receivable | 41 | €112,878 | €135,538 | +€22,660 | +20.1% |
| Current investments | 50/53 | €108,802 | €103,547 | -€5,255 | -4.8% |
| Cash at bank and in hand | 54/58 | €80,573 | €125,365 | +€44,792 | +55.6% |
| Deferred charges and accrued income | 490/1 | €9,815 | €4,832 | -€4,983 | -50.8% |
| Total equity and liabilities | 10/49 | €495,694 | €437,196 | -€58,498 | -11.8% |
| Equity | 10/15 | €274,476 | €323,754 | +€49,278 | +18.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €255,876 | €305,154 | +€49,278 | +19.3% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €255,876 | €305,154 | +€49,278 | +19.3% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €221,217 | €113,441 | -€107,776 | -48.7% |
| Amounts payable after more than one year | 17 | €86,721 | €17,344 | -€69,377 | -80.0% |
| Financial debts | 170/4 | €86,721 | €17,344 | -€69,377 | -80.0% |
| Amounts payable within one year | 42/48 | €134,497 | €95,953 | -€38,544 | -28.7% |
| Current portion of amounts payable after more than one year | 42 | €69,377 | €69,377 | +€0 | 0.0% |
| Trade debts | 44 | €49,764 | €1,175 | -€48,589 | -97.6% |
| Suppliers | 440/4 | €49,764 | €1,175 | -€48,589 | -97.6% |
| Taxes, remuneration and social security | 45 | €14,523 | €24,569 | +€10,046 | +69.2% |
| Taxes | 450/3 | €14,523 | €24,569 | +€10,046 | +69.2% |
| Other amounts payable | 47/48 | €833 | €833 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | - | €144 | +€144 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €60,631 | €60,121 | -€510 | -0.8% |
| Other operating charges | 640/8 | €10,017 | €11,931 | +€1,914 | +19.1% |
| Gross operating margin | 9900 | €144,620 | €189,077 | +€44,456 | +30.7% |
| Operating profit (loss) | 9901 | €73,972 | €117,024 | +€43,052 | +58.2% |
| Financial income | 75/76B | €5,745 | €8,072 | +€2,326 | +40.5% |
| Recurring financial income | 75 | €5,745 | €8,072 | +€2,326 | +40.5% |
| Financial charges | 65/66B | €7,803 | €5,669 | -€2,133 | -27.3% |
| Recurring financial charges | 65 | €7,803 | €5,669 | -€2,133 | -27.3% |
| Profit (loss) for the period before taxes | 9903 | €71,914 | €119,426 | +€47,511 | +66.1% |
| Income taxes | 67/77 | €20,742 | €35,386 | +€14,645 | +70.6% |
| Profit (loss) for the period | 9904 | €51,173 | €84,039 | +€32,866 | +64.2% |
| Profit (loss) for the period to be appropriated | 9905 | €51,173 | €84,039 | +€32,866 | +64.2% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 16 October 2026 via checked.be.