FvM CONSULT: 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.
FvM CONSULT
Largest movements
- Receivables within one year -€103,280
down €103,280 (-70.5%), from €146,587 to €43,307
of which Other amounts receivable: -€98,415
- Cash +€45,530
up €45,530 (+330%), from €13,817 to €59,347
mainly Receivables within one year (+€103,280) and Other debts (+€55,115)
- Tangible fixed assets -€11,269
down €11,269 (-3.4%), from €327,533 to €316,264
of which Land and buildings: -€10,792
- Reserves -€116,063
down €116,063 (-35.2%), from €329,655 to €213,592
of which Distributable reserves: -€116,063
- Other debts +€55,115
new in 2025: €55,115
- Debts after one year -€21,722
down €21,722 (-19.0%), from €114,626 to €92,904
- Tax, wage and social debts +€16,222
up €16,222 (+405%), from €4,005 to €20,227
- Gross operating margin +€55,894
up €55,894 (+142%), from €39,380 to €95,274
- Taxes +€22,431
up €22,431 (+307%), from €7,306 to €29,738
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 | €494,724 | €425,910 | -€68,814 | -13.9% |
| Fixed assets | 21/28 | €327,533 | €316,264 | -€11,269 | -3.4% |
| Tangible fixed assets | 22/27 | €327,533 | €316,264 | -€11,269 | -3.4% |
| Land and buildings | 22 | €305,888 | €295,096 | -€10,792 | -3.5% |
| Plant, machinery and equipment | 23 | €1,982 | €3,754 | +€1,772 | +89.4% |
| Furniture and vehicles | 24 | €6,226 | €3,977 | -€2,249 | -36.1% |
| Other tangible fixed assets | 26 | €13,438 | €13,438 | = | 0.0% |
| Current assets | 29/58 | €167,191 | €109,646 | -€57,545 | -34.4% |
| Amounts receivable within one year | 40/41 | €146,587 | €43,307 | -€103,280 | -70.5% |
| Trade receivables | 40 | €48,172 | €43,307 | -€4,866 | -10.1% |
| Other amounts receivable | 41 | €98,415 | - | -€98,415 | |
| Cash at bank and in hand | 54/58 | €13,817 | €59,347 | +€45,530 | +330% |
| Deferred charges and accrued income | 490/1 | €6,786 | €6,992 | +€205 | +3.0% |
| Total equity and liabilities | 10/49 | €494,724 | €425,910 | -€68,814 | -13.9% |
| Equity | 10/15 | €346,048 | €229,985 | -€116,063 | -33.5% |
| Contributions | 10/11 | €6,197 | €6,197 | = | 0.0% |
| Reserves | 13 | €329,655 | €213,592 | -€116,063 | -35.2% |
| Non-distributable reserves | 130/1 | €1,859 | €1,859 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,859 | €1,859 | = | 0.0% |
| Distributable reserves | 133 | €327,796 | €211,733 | -€116,063 | -35.4% |
| Profit (loss) carried forward | 14 | €10,196 | €10,196 | = | 0.0% |
| Amounts payable | 17/49 | €148,676 | €195,925 | +€47,249 | +31.8% |
| Amounts payable after more than one year | 17 | €114,626 | €92,904 | -€21,722 | -19.0% |
| Financial debts | 170/4 | €114,626 | €92,904 | -€21,722 | -19.0% |
| Amounts payable within one year | 42/48 | €34,050 | €102,995 | +€68,946 | +202% |
| Current portion of amounts payable after more than one year | 42 | €21,332 | €21,722 | +€390 | +1.8% |
| Trade debts | 44 | €8,712 | €5,931 | -€2,781 | -31.9% |
| Suppliers | 440/4 | €8,712 | €5,931 | -€2,781 | -31.9% |
| Taxes, remuneration and social security | 45 | €4,005 | €20,227 | +€16,222 | +405% |
| Taxes | 450/3 | €4,005 | €20,227 | +€16,222 | +405% |
| Other amounts payable | 47/48 | - | €55,115 | +€55,115 | |
| Accrued charges and deferred income | 492/3 | - | €26 | +€26 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,776 | €14,470 | +€694 | +5.0% |
| Other operating charges | 640/8 | €3,065 | €2,872 | -€193 | -6.3% |
| Gross operating margin | 9900 | €39,380 | €95,274 | +€55,894 | +142% |
| Operating profit (loss) | 9901 | €22,539 | €77,932 | +€55,393 | +246% |
| Financial income | 75/76B | €4,075 | €4,455 | +€380 | +9.3% |
| Recurring financial income | 75 | €4,075 | €4,455 | +€380 | +9.3% |
| Financial charges | 65/66B | €3,005 | €2,661 | -€344 | -11.4% |
| Recurring financial charges | 65 | €3,005 | €2,661 | -€344 | -11.4% |
| Profit (loss) for the period before taxes | 9903 | €23,609 | €79,725 | +€56,117 | +238% |
| Income taxes | 67/77 | €7,306 | €29,738 | +€22,431 | +307% |
| Profit (loss) for the period | 9904 | €16,302 | €49,988 | +€33,685 | +207% |
| Profit (loss) for the period to be appropriated | 9905 | €16,302 | €49,988 | +€33,685 | +207% |
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 29 October 2026 via checked.be.