FVR BROADCAST: 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.
FVR BROADCAST
Largest movements
- Tangible fixed assets +€43,682
up €43,682 (+243%), from €17,983 to €61,664
of which Furniture and vehicles: +€43,896
- Cash -€13,339
down €13,339 (-10.3%), from €129,311 to €115,972
mainly Investment in fixed assets (net) (-€58,191) and Contributions, distributions and other (-€19,113)
- Tax, wage and social debts +€11,594
up €11,594 (+127%), from €9,141 to €20,736
- Reserves +€9,652
up €9,652 (+7.7%), from €125,645 to €135,298
- Other debts +€8,751
up €8,751 (+46.7%), from €18,721 to €27,473
- Gross operating margin +€24,246
up €24,246 (+67.8%), from €35,754 to €60,001
- Taxes +€7,695
up €7,695 (+93.0%), from €8,274 to €15,969
- Depreciation +€4,530
up €4,530 (+45.4%), from €9,980 to €14,509
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 | €168,073 | €199,555 | +€31,482 | +18.7% |
| Fixed assets | 21/28 | €17,983 | €61,664 | +€43,682 | +243% |
| Tangible fixed assets | 22/27 | €17,983 | €61,664 | +€43,682 | +243% |
| Plant, machinery and equipment | 23 | €3,672 | €3,457 | -€214 | -5.8% |
| Furniture and vehicles | 24 | €14,311 | €58,207 | +€43,896 | +307% |
| Current assets | 29/58 | €150,090 | €137,890 | -€12,200 | -8.1% |
| Stocks and contracts in progress | 3 | €3,180 | €3,291 | +€111 | +3.5% |
| Stocks | 30/36 | €3,180 | €3,291 | +€111 | +3.5% |
| Amounts receivable within one year | 40/41 | €14,747 | €15,728 | +€982 | +6.7% |
| Trade receivables | 40 | €14,747 | €15,728 | +€982 | +6.7% |
| Cash at bank and in hand | 54/58 | €129,311 | €115,972 | -€13,339 | -10.3% |
| Deferred charges and accrued income | 490/1 | €2,852 | €2,899 | +€47 | +1.6% |
| Total equity and liabilities | 10/49 | €168,073 | €199,555 | +€31,482 | +18.7% |
| Equity | 10/15 | €139,245 | €148,898 | +€9,652 | +6.9% |
| Contributions | 10/11 | €13,600 | €13,600 | = | 0.0% |
| Reserves | 13 | €125,645 | €135,298 | +€9,652 | +7.7% |
| Distributable reserves | 133 | €125,645 | €135,298 | +€9,652 | +7.7% |
| Amounts payable | 17/49 | €28,827 | €50,657 | +€21,830 | +75.7% |
| Amounts payable within one year | 42/48 | €28,827 | €50,657 | +€21,830 | +75.7% |
| Trade debts | 44 | €965 | €2,449 | +€1,484 | +154% |
| Suppliers | 440/4 | €965 | €2,449 | +€1,484 | +154% |
| Taxes, remuneration and social security | 45 | €9,141 | €20,736 | +€11,594 | +127% |
| Taxes | 450/3 | €9,141 | €20,736 | +€11,594 | +127% |
| Other amounts payable | 47/48 | €18,721 | €27,473 | +€8,751 | +46.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,980 | €14,509 | +€4,530 | +45.4% |
| Other operating charges | 640/8 | €825 | €1,307 | +€482 | +58.4% |
| Gross operating margin | 9900 | €35,754 | €60,001 | +€24,246 | +67.8% |
| Operating profit (loss) | 9901 | €24,949 | €44,184 | +€19,235 | +77.1% |
| Financial income | 75/76B | €988 | €817 | -€170 | -17.3% |
| Recurring financial income | 75 | €988 | €817 | -€170 | -17.3% |
| Financial charges | 65/66B | €424 | €267 | -€156 | -36.9% |
| Recurring financial charges | 65 | €424 | €267 | -€156 | -36.9% |
| Profit (loss) for the period before taxes | 9903 | €25,514 | €44,734 | +€19,221 | +75.3% |
| Income taxes | 67/77 | €8,274 | €15,969 | +€7,695 | +93.0% |
| Profit (loss) for the period | 9904 | €17,239 | €28,765 | +€11,526 | +66.9% |
| Profit (loss) for the period to be appropriated | 9905 | €17,239 | €28,765 | +€11,526 | +66.9% |
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.