FVT architect: 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.
FVT architect
Largest movements
- Financial fixed assets +€108,000
up €108,000 (+56.3%), from €192,000 to €300,000
- Receivables within one year +€78,172
up €78,172 (+84.1%), from €93,006 to €171,178
of which Trade receivables: +€68,098
- Cash +€41,422
up €41,422 (+79.6%), from €52,051 to €93,472
mainly Net result for the year (+€893,949) and Other debts (+€247,782)
- Current investments -€33,141
no longer reported in 2025 (was €33,141)
- Deferred charges and accrued income +€6,857
up €6,857 (+158%), from €4,336 to €11,192
- Other debts +€247,782
up €247,782 (+6,293%), from €3,938 to €251,720
- Reserves -€38,316
down €38,316 (-11.9%), from €322,265 to €283,949
- Debts after one year -€13,650
down €13,650 (-81.3%), from €16,791 to €3,141
- Current portion of long-term debt -€12,471
down €12,471 (-47.7%), from €26,121 to €13,650
- Financial income +€823,696
up €823,696 (+72,641%), from €1,134 to €824,830
of which Non-recurring financial income: +€808,000
- Gross operating margin -€28,879
down €28,879 (-22.5%), from €128,091 to €99,212
- Taxes -€9,849
down €9,849 (-31.7%), from €31,085 to €21,236
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 | €406,148 | €601,024 | +€194,876 | +48.0% |
| Fixed assets | 21/28 | €223,616 | €325,181 | +€101,566 | +45.4% |
| Tangible fixed assets | 22/27 | €31,616 | €25,181 | -€6,434 | -20.4% |
| Plant, machinery and equipment | 23 | €3,192 | €1,828 | -€1,364 | -42.7% |
| Furniture and vehicles | 24 | €5,094 | €2,782 | -€2,312 | -45.4% |
| Other tangible fixed assets | 26 | €23,330 | €20,572 | -€2,759 | -11.8% |
| Financial fixed assets | 28 | €192,000 | €300,000 | +€108,000 | +56.3% |
| Current assets | 29/58 | €182,532 | €275,842 | +€93,310 | +51.1% |
| Amounts receivable within one year | 40/41 | €93,006 | €171,178 | +€78,172 | +84.1% |
| Trade receivables | 40 | €85,942 | €154,040 | +€68,098 | +79.2% |
| Other amounts receivable | 41 | €7,064 | €17,138 | +€10,074 | +143% |
| Current investments | 50/53 | €33,141 | - | -€33,141 | |
| Cash at bank and in hand | 54/58 | €52,051 | €93,472 | +€41,422 | +79.6% |
| Deferred charges and accrued income | 490/1 | €4,336 | €11,192 | +€6,857 | +158% |
| Total equity and liabilities | 10/49 | €406,148 | €601,024 | +€194,876 | +48.0% |
| Equity | 10/15 | €340,865 | €302,549 | -€38,316 | -11.2% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €322,265 | €283,949 | -€38,316 | -11.9% |
| Distributable reserves | 133 | €322,265 | €283,949 | -€38,316 | -11.9% |
| Amounts payable | 17/49 | €65,283 | €298,475 | +€233,192 | +357% |
| Amounts payable after more than one year | 17 | €16,791 | €3,141 | -€13,650 | -81.3% |
| Financial debts | 170/4 | €16,791 | €3,141 | -€13,650 | -81.3% |
| Amounts payable within one year | 42/48 | €47,903 | €295,329 | +€247,426 | +517% |
| Current portion of amounts payable after more than one year | 42 | €26,121 | €13,650 | -€12,471 | -47.7% |
| Financial debts | 43 | €8,472 | €10,124 | +€1,652 | +19.5% |
| Credit institutions | 430/8 | €8,472 | €10,124 | +€1,652 | +19.5% |
| Trade debts | 44 | €2,845 | €8,192 | +€5,347 | +188% |
| Suppliers | 440/4 | €2,845 | €8,192 | +€5,347 | +188% |
| Taxes, remuneration and social security | 45 | €6,528 | €11,644 | +€5,116 | +78.4% |
| Taxes | 450/3 | €6,528 | €11,644 | +€5,116 | +78.4% |
| Other amounts payable | 47/48 | €3,938 | €251,720 | +€247,782 | +6,293% |
| Accrued charges and deferred income | 492/3 | €590 | €5 | -€584 | -99.1% |
| Non-recurring operating income | 76A | - | €151 | +€151 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,950 | €6,434 | +€485 | +8.1% |
| Other operating charges | 640/8 | €928 | €969 | +€41 | +4.4% |
| Non-recurring operating charges | 66A | - | €151 | +€151 | |
| Gross operating margin | 9900 | €128,091 | €99,212 | -€28,879 | -22.5% |
| Operating profit (loss) | 9901 | €121,213 | €91,659 | -€29,555 | -24.4% |
| Financial income | 75/76B | €1,134 | €824,830 | +€823,696 | +72,641% |
| Recurring financial income | 75 | €1,134 | €16,830 | +€15,696 | +1,384% |
| Non-recurring financial income | 76B | - | €808,000 | +€808,000 | |
| Financial charges | 65/66B | €1,733 | €1,304 | -€429 | -24.8% |
| Recurring financial charges | 65 | €1,733 | €1,304 | -€429 | -24.8% |
| Profit (loss) for the period before taxes | 9903 | €120,614 | €915,185 | +€794,570 | +659% |
| Income taxes | 67/77 | €31,085 | €21,236 | -€9,849 | -31.7% |
| Profit (loss) for the period | 9904 | €89,530 | €893,949 | +€804,419 | +898% |
| Profit (loss) for the period to be appropriated | 9905 | €89,530 | €893,949 | +€804,419 | +898% |
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 18 October 2026 via checked.be.