FVS HOLDING: 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.
FVS HOLDING
Largest movements
- Cash +€10,043
up €10,043 (+200.5%), from €5,009 to €15,053
mainly Trade debts (+€20,456) and Short-term financial debts (+€13,883)
- Financial fixed assets +€7,500
up €7,500 (+1.5%), from €487,085 to €494,585
- Trade debts +€20,456
up €20,456 (+360.8%), from €5,670 to €26,126
- Other debts -€16,778
down €16,778 (-4.8%), from €350,747 to €333,969
- Current portion of long-term debt -€13,952
down €13,952 (-43.9%), from €31,804 to €17,852
- Short-term financial debts +€13,883
up €13,883 (+258.6%), from €5,368 to €19,250
- Profit (loss) carried forward +€13,688
up €13,688 (+6.8%), from €201,030 to €214,719
- Gross operating margin +€35,856
up €35,856 (+224.6%), from €15,962 to €51,818
- Financial income -€33,439
down €33,439 (-98.7%), from €33,864 to €425
- Financial charges +€15,795
up €15,795 (+144.5%), from €10,933 to €26,728
- Taxes +€3,474
up €3,474 (+432.6%), from €803 to €4,277
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 | €694,928 | €711,544 | +€16,615 | +2.4% |
| Fixed assets | 21/28 | €609,515 | €610,834 | +€1,319 | +0.2% |
| Tangible fixed assets | 22/27 | €122,430 | €116,249 | -€6,181 | -5.0% |
| Land and buildings | 22 | €122,430 | €116,249 | -€6,181 | -5.0% |
| Plant, machinery and equipment | 23 | €0 | - | = | |
| Financial fixed assets | 28 | €487,085 | €494,585 | +€7,500 | +1.5% |
| Current assets | 29/58 | €85,413 | €100,709 | +€15,296 | +17.9% |
| Amounts receivable within one year | 40/41 | €73,967 | €80,267 | +€6,299 | +8.5% |
| Trade receivables | 40 | €42,816 | €31,682 | -€11,134 | -26.0% |
| Other amounts receivable | 41 | €31,152 | €48,585 | +€17,434 | +56.0% |
| Current investments | 50/53 | €4,878 | €4,878 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €5,009 | €15,053 | +€10,043 | +200.5% |
| Deferred charges and accrued income | 490/1 | €1,558 | €512 | -€1,046 | -67.2% |
| Total equity and liabilities | 10/49 | €694,928 | €711,544 | +€16,615 | +2.4% |
| Equity | 10/15 | €221,490 | €235,179 | +€13,688 | +6.2% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €201,030 | €214,719 | +€13,688 | +6.8% |
| Amounts payable | 17/49 | €473,438 | €476,365 | +€2,927 | +0.6% |
| Amounts payable after more than one year | 17 | €77,633 | €67,331 | -€10,302 | -13.3% |
| Financial debts | 170/4 | €77,633 | €67,331 | -€10,302 | -13.3% |
| Amounts payable within one year | 42/48 | €395,805 | €409,027 | +€13,222 | +3.3% |
| Current portion of amounts payable after more than one year | 42 | €31,804 | €17,852 | -€13,952 | -43.9% |
| Financial debts | 43 | €5,368 | €19,250 | +€13,883 | +258.6% |
| Other loans | 439 | €5,368 | €19,250 | +€13,883 | +258.6% |
| Trade debts | 44 | €5,670 | €26,126 | +€20,456 | +360.8% |
| Suppliers | 440/4 | €5,670 | €26,126 | +€20,456 | +360.8% |
| Taxes, remuneration and social security | 45 | €2,217 | €11,829 | +€9,613 | +433.6% |
| Taxes | 450/3 | €2,217 | €10,620 | +€8,403 | +379.0% |
| Remuneration and social security | 454/9 | - | €1,210 | +€1,210 | |
| Other amounts payable | 47/48 | €350,747 | €333,969 | -€16,778 | -4.8% |
| Accrued charges and deferred income | 492/3 | - | €7 | +€7 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,357 | €6,181 | -€177 | -2.8% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €0 | - | = | |
| Other operating charges | 640/8 | €1,802 | €1,369 | -€433 | -24.0% |
| Gross operating margin | 9900 | €15,962 | €51,818 | +€35,856 | +224.6% |
| Operating profit (loss) | 9901 | €7,803 | €44,268 | +€36,465 | +467.3% |
| Financial income | 75/76B | €33,864 | €425 | -€33,439 | -98.7% |
| Recurring financial income | 75 | €33,864 | €425 | -€33,439 | -98.7% |
| Financial charges | 65/66B | €10,933 | €26,728 | +€15,795 | +144.5% |
| Recurring financial charges | 65 | €10,933 | €26,728 | +€15,795 | +144.5% |
| Profit (loss) for the period before taxes | 9903 | €30,734 | €17,965 | -€12,769 | -41.5% |
| Income taxes | 67/77 | €803 | €4,277 | +€3,474 | +432.6% |
| Profit (loss) for the period | 9904 | €29,931 | €13,688 | -€16,243 | -54.3% |
| Profit (loss) for the period to be appropriated | 9905 | €29,931 | €13,688 | -€16,243 | -54.3% |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.