FVPN IMMO: what changed
Two fiscal 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.
FVPN IMMO
Largest movements
- Tangible fixed assets -€42,507
down €42,507 (-10.0%), from €426,280 to €383,774
of which Land and buildings: -€42,268
- Cash +€17,005
up €17,005 (+11.7%), from €144,872 to €161,877
mainly Depreciation (+€42,507) and Net result for the year (+€3,449)
- Reserves -€21,323
down €21,323 (-18.2%), from €117,381 to €96,058
- Staff costs +€2,189
up €2,189 (+7.0%), from €31,298 to €33,487
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.
Cash bridge derived
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 | €603,054 | €580,583 | -€22,471 | -3.7% |
| Fixed assets | 21/28 | €426,280 | €383,774 | -€42,507 | -10.0% |
| Tangible fixed assets | 22/27 | €426,280 | €383,774 | -€42,507 | -10.0% |
| Land and buildings | 22 | €426,042 | €383,774 | -€42,268 | -9.9% |
| Furniture and vehicles | 24 | €238 | - | -€238 | |
| Current assets | 29/58 | €176,774 | €196,809 | +€20,035 | +11.3% |
| Amounts receivable within one year | 40/41 | €31,779 | €34,788 | +€3,010 | +9.5% |
| Other amounts receivable | 41 | €31,779 | €34,788 | +€3,010 | +9.5% |
| Cash at bank and in hand | 54/58 | €144,872 | €161,877 | +€17,005 | +11.7% |
| Deferred charges and accrued income | 490/1 | €124 | €144 | +€20 | +16.3% |
| Total equity and liabilities | 10/49 | €603,054 | €580,583 | -€22,471 | -3.7% |
| Equity | 10/15 | €593,428 | €569,880 | -€23,548 | -4.0% |
| Contributions | 10/11 | €23,673 | €23,673 | = | 0.0% |
| Reserves | 13 | €117,381 | €96,058 | -€21,323 | -18.2% |
| Distributable reserves | 133 | €117,381 | €96,058 | -€21,323 | -18.2% |
| Profit (loss) carried forward | 14 | €423,960 | €424,010 | +€49 | 0.0% |
| Investment grants | 15 | €28,414 | €26,140 | -€2,273 | -8.0% |
| Provisions and deferred taxes | 16 | €510 | €494 | -€17 | -3.3% |
| Deferred taxes | 168 | €510 | €494 | -€17 | -3.3% |
| Amounts payable | 17/49 | €9,116 | €10,209 | +€1,093 | +12.0% |
| Amounts payable within one year | 42/48 | €9,089 | €10,209 | +€1,120 | +12.3% |
| Trade debts | 44 | €162 | €290 | +€128 | +78.5% |
| Suppliers | 440/4 | €162 | €290 | +€128 | +78.5% |
| Taxes, remuneration and social security | 45 | €8,927 | €9,919 | +€993 | +11.1% |
| Taxes | 450/3 | €805 | €746 | -€60 | -7.4% |
| Remuneration and social security | 454/9 | €8,122 | €9,174 | +€1,052 | +13.0% |
| Accrued charges and deferred income | 492/3 | €27 | - | -€27 | |
| Remuneration, social security and pensions | 62 | €31,298 | €33,487 | +€2,189 | +7.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €43,213 | €42,507 | -€706 | -1.6% |
| Other operating charges | 640/8 | €10,654 | €10,847 | +€193 | +1.8% |
| Gross operating margin | 9900 | €90,207 | €90,156 | -€51 | -0.1% |
| Operating profit (loss) | 9901 | €5,041 | €3,315 | -€1,726 | -34.2% |
| Financial income | 75/76B | €2,273 | €2,273 | +€0 | 0.0% |
| Recurring financial income | 75 | €2,273 | €2,273 | +€0 | 0.0% |
| Financial charges | 65/66B | €45 | €166 | +€121 | +268.9% |
| Recurring financial charges | 65 | €45 | €166 | +€121 | +268.9% |
| Profit (loss) for the period before taxes | 9903 | €7,270 | €5,423 | -€1,847 | -25.4% |
| Transfer from deferred taxes | 780 | €17 | €17 | = | 0.0% |
| Income taxes | 67/77 | €2,395 | €1,990 | -€405 | -16.9% |
| Profit (loss) for the period | 9904 | €4,892 | €3,449 | -€1,442 | -29.5% |
| Profit (loss) for the period to be appropriated | 9905 | €4,892 | €3,449 | -€1,442 | -29.5% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.