FVZ: 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.
What changed
FVZ
NACE 69.101, Activities of lawyers
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
-€15,842
2024 · -€24,489+€8,647
Equity
€1,522
2024 · €17,364-€15,842
Cash
€12,687
2024 · €6,891+€5,796
Balance sheet total
€853,708
2024 · €861,788-€8,080
Largest movements
Assets
- Receivables within one year -€12,708
down €12,708 (-70.2%), from €18,112 to €5,405
of which Trade receivables: -€8,409
Equity and liabilities
- Profit (loss) carried forward -€15,842
down €15,842 (-521.0%), from -€3,041 to -€18,883
Income statement
- Gross operating margin +€9,235
up €9,235 (+51.8%), from -€17,842 to -€8,607
- Taxes +€1,889
up €1,889, from -€1,712 to €176
- Financial charges -€1,368
down €1,368 (-21.9%), from €6,253 to €4,885
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.
Result 2024
-€24,489
Gross operating margin
+€9,235
Depreciation
-€10
Other operating charges
-€45
Financial income
-€11
Financial charges
+€1,368
Taxes
-€1,889
Result 2025
-€15,842
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.
From operations
-€3,140
Investment
€0
Financing
+€8,936
Cash 2024
€6,891
From operations (derived)
-€3,140
Net result for the year
-€15,842
Depreciation
+€1,168
Receivables within one year
+€12,708
Trade debts
+€2,817
Tax, wage and social debts
+€43
Other debts
-€3,875
Accrued charges and deferred income
-€157
Financing
+€8,936
Debts after one year
+€8,322
Current portion of long-term debt
+€614
Cash 2025
€12,687
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €861,788 | €853,708 | -€8,080 | -0.9% |
| Fixed assets | 21/28 | €836,785 | €835,617 | -€1,168 | -0.1% |
| Tangible fixed assets | 22/27 | €1,693 | €525 | -€1,168 | -69.0% |
| Furniture and vehicles | 24 | €1,693 | €525 | -€1,168 | -69.0% |
| Financial fixed assets | 28 | €835,092 | €835,092 | = | 0.0% |
| Current assets | 29/58 | €25,003 | €18,091 | -€6,912 | -27.6% |
| Amounts receivable within one year | 40/41 | €18,112 | €5,405 | -€12,708 | -70.2% |
| Trade receivables | 40 | €8,409 | - | -€8,409 | |
| Other amounts receivable | 41 | €9,703 | €5,405 | -€4,299 | -44.3% |
| Cash at bank and in hand | 54/58 | €6,891 | €12,687 | +€5,796 | +84.1% |
| Total equity and liabilities | 10/49 | €861,788 | €853,708 | -€8,080 | -0.9% |
| Equity | 10/15 | €17,364 | €1,522 | -€15,842 | -91.2% |
| Contributions | 10/11 | €18,550 | €18,550 | = | 0.0% |
| Reserves | 13 | €1,855 | €1,855 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,855 | €1,855 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,855 | €1,855 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€3,041 | -€18,883 | -€15,842 | -521.0% |
| Amounts payable | 17/49 | €844,423 | €852,186 | +€7,762 | +0.9% |
| Amounts payable after more than one year | 17 | €782,322 | €790,644 | +€8,322 | +1.1% |
| Financial debts | 170/4 | €294,822 | €253,394 | -€41,428 | -14.1% |
| Other amounts payable | 178/9 | €487,500 | €537,250 | +€49,750 | +10.2% |
| Amounts payable within one year | 42/48 | €61,944 | €61,542 | -€402 | -0.6% |
| Current portion of amounts payable after more than one year | 42 | €44,241 | €44,855 | +€614 | +1.4% |
| Trade debts | 44 | €794 | €3,611 | +€2,817 | +355.0% |
| Suppliers | 440/4 | €794 | €3,611 | +€2,817 | +355.0% |
| Taxes, remuneration and social security | 45 | €134 | €176 | +€43 | +31.8% |
| Taxes | 450/3 | €134 | €176 | +€43 | +31.8% |
| Other amounts payable | 47/48 | €16,775 | €12,900 | -€3,875 | -23.1% |
| Accrued charges and deferred income | 492/3 | €157 | - | -€157 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,158 | €1,168 | +€10 | +0.9% |
| Other operating charges | 640/8 | €960 | €1,006 | +€45 | +4.7% |
| Gross operating margin | 9900 | -€17,842 | -€8,607 | +€9,235 | +51.8% |
| Operating profit (loss) | 9901 | -€19,960 | -€10,781 | +€9,179 | +46.0% |
| Financial income | 75/76B | €11 | - | -€11 | |
| Recurring financial income | 75 | €11 | - | -€11 | |
| Financial charges | 65/66B | €6,253 | €4,885 | -€1,368 | -21.9% |
| Recurring financial charges | 65 | €6,253 | €4,885 | -€1,368 | -21.9% |
| Profit (loss) for the period before taxes | 9903 | -€26,201 | -€15,666 | +€10,536 | +40.2% |
| Income taxes | 67/77 | -€1,712 | €176 | +€1,889 | |
| Profit (loss) for the period | 9904 | -€24,489 | -€15,842 | +€8,647 | +35.3% |
| Profit (loss) for the period to be appropriated | 9905 | -€24,489 | -€15,842 | +€8,647 | +35.3% |
Source: filed annual accounts (NBB), fiscal years ended 31 May 2024 and 31 May 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.