FVWW: 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.
FVWW
Largest movements
- Cash +€44,207
up €44,207 (+84.6%), from €52,280 to €96,488
mainly Other debts (+€97,868) and Net result for the year (+€74,182)
- Current investments -€40,000
no longer reported in 2025 (was €40,000)
- Receivables within one year -€34,363
down €34,363 (-86.2%), from €39,860 to €5,497
of which Other amounts receivable: -€35,108
- Tangible fixed assets -€6,693
down €6,693 (-23.0%), from €29,163 to €22,470
of which Furniture and vehicles: -€8,643
- Reserves -€131,533
no longer reported in 2025 (was €131,533)
- Other debts +€97,868
new in 2025: €97,868
- Debts after one year -€9,667
down €9,667 (-56.2%), from €17,190 to €7,523
- Tax, wage and social debts +€4,158
up €4,158 (+3761.6%), from €111 to €4,269
- Trade debts +€1,720
up €1,720 (+132.0%), from €1,303 to €3,024
- Gross operating margin +€34,898
up €34,898 (+49.3%), from €70,848 to €105,747
- Taxes +€6,907
up €6,907 (+55.0%), from €12,562 to €19,469
- Depreciation +€1,069
up €1,069 (+10.3%), from €10,385 to €11,454
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 | €162,404 | €125,826 | -€36,578 | -22.5% |
| Fixed assets | 21/28 | €29,163 | €22,470 | -€6,693 | -23.0% |
| Tangible fixed assets | 22/27 | €29,163 | €22,470 | -€6,693 | -23.0% |
| Plant, machinery and equipment | 23 | €2,667 | €4,616 | +€1,950 | +73.1% |
| Furniture and vehicles | 24 | €26,496 | €17,853 | -€8,643 | -32.6% |
| Current assets | 29/58 | €133,241 | €103,356 | -€29,884 | -22.4% |
| Amounts receivable within one year | 40/41 | €39,860 | €5,497 | -€34,363 | -86.2% |
| Trade receivables | 40 | €2,314 | €3,059 | +€745 | +32.2% |
| Other amounts receivable | 41 | €37,546 | €2,438 | -€35,108 | -93.5% |
| Current investments | 50/53 | €40,000 | - | -€40,000 | |
| Cash at bank and in hand | 54/58 | €52,280 | €96,488 | +€44,207 | +84.6% |
| Deferred charges and accrued income | 490/1 | €1,101 | €1,372 | +€271 | +24.7% |
| Total equity and liabilities | 10/49 | €162,404 | €125,826 | -€36,578 | -22.5% |
| Equity | 10/15 | €134,533 | €3,000 | -€131,533 | -97.8% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €131,533 | - | -€131,533 | |
| Distributable reserves | 133 | €131,533 | - | -€131,533 | |
| Amounts payable | 17/49 | €27,871 | €122,826 | +€94,955 | +340.7% |
| Amounts payable after more than one year | 17 | €17,190 | €7,523 | -€9,667 | -56.2% |
| Financial debts | 170/4 | €17,190 | €7,523 | -€9,667 | -56.2% |
| Amounts payable within one year | 42/48 | €10,681 | €114,828 | +€104,147 | +975.1% |
| Current portion of amounts payable after more than one year | 42 | €9,267 | €9,667 | +€400 | +4.3% |
| Trade debts | 44 | €1,303 | €3,024 | +€1,720 | +132.0% |
| Suppliers | 440/4 | €1,303 | €3,024 | +€1,720 | +132.0% |
| Taxes, remuneration and social security | 45 | €111 | €4,269 | +€4,158 | +3761.6% |
| Taxes | 450/3 | €111 | €4,269 | +€4,158 | +3761.6% |
| Other amounts payable | 47/48 | - | €97,868 | +€97,868 | |
| Accrued charges and deferred income | 492/3 | - | €475 | +€475 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,385 | €11,454 | +€1,069 | +10.3% |
| Other operating charges | 640/8 | €180 | €462 | +€282 | +157.2% |
| Gross operating margin | 9900 | €70,848 | €105,747 | +€34,898 | +49.3% |
| Operating profit (loss) | 9901 | €60,284 | €93,831 | +€33,547 | +55.6% |
| Financial income | 75/76B | €1,668 | €932 | -€736 | -44.1% |
| Recurring financial income | 75 | €1,668 | €932 | -€736 | -44.1% |
| Financial charges | 65/66B | €1,528 | €1,112 | -€416 | -27.2% |
| Recurring financial charges | 65 | €1,528 | €1,112 | -€416 | -27.2% |
| Profit (loss) for the period before taxes | 9903 | €60,424 | €93,651 | +€33,227 | +55.0% |
| Income taxes | 67/77 | €12,562 | €19,469 | +€6,907 | +55.0% |
| Profit (loss) for the period | 9904 | €47,862 | €74,182 | +€26,320 | +55.0% |
| Profit (loss) for the period to be appropriated | 9905 | €47,862 | €74,182 | +€26,320 | +55.0% |
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 9 October 2026 via checked.be.