FVMS: what changed
FVMS
Largest movements
- Tangible fixed assets -€60,121
down €60,121 (-47.9%), from €125,615 to €65,493
of which Land and buildings: -€52,587
- Cash +€44,792
up €44,792 (+55.6%), from €80,573 to €125,365
mainly Net result for the year (+€84,039) and Depreciation (+€60,121)
- Receivables within one year -€32,930
down €32,930 (-19.3%), from €170,819 to €137,889
of which Trade receivables: -€55,590
- Current investments -€5,255
down €5,255 (-4.8%), from €108,802 to €103,547
- Deferred charges and accrued income -€4,983
down €4,983 (-50.8%), from €9,815 to €4,832
- Debts after one year -€69,377
down €69,377 (-80.0%), from €86,721 to €17,344
- Reserves +€49,278
up €49,278 (+19.3%), from €255,876 to €305,154
of which Distributable reserves: +€49,278
- Trade debts -€48,589
down €48,589 (-97.6%), from €49,764 to €1,175
- Tax, wage and social debts +€10,046
up €10,046 (+69.2%), from €14,523 to €24,569
- Gross operating margin +€44,456
up €44,456 (+30.7%), from €144,620 to €189,077
- Taxes +€14,645
up €14,645 (+70.6%), from €20,742 to €35,386
- Financial income +€2,326
up €2,326 (+40.5%), from €5,745 to €8,072
- Financial charges -€2,133
down €2,133 (-27.3%), from €7,803 to €5,669
- Other operating charges +€1,914
up €1,914 (+19.1%), from €10,017 to €11,931
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €495,694 | €437,196 | -€58,498 | -11.8% |
| Fixed assets | 21/28 | €125,684 | €65,563 | -€60,121 | -47.8% |
| Tangible fixed assets | 22/27 | €125,615 | €65,493 | -€60,121 | -47.9% |
| Land and buildings | 22 | €105,174 | €52,587 | -€52,587 | -50.0% |
| Furniture and vehicles | 24 | €20,033 | €12,561 | -€7,473 | -37.3% |
| Other tangible fixed assets | 26 | €407 | €345 | -€62 | -15.2% |
| Financial fixed assets | 28 | €69 | €69 | = | 0.0% |
| Current assets | 29/58 | €370,010 | €371,633 | +€1,623 | +0.4% |
| Amounts receivable within one year | 40/41 | €170,819 | €137,889 | -€32,930 | -19.3% |
| Trade receivables | 40 | €57,941 | €2,351 | -€55,590 | -95.9% |
| Other amounts receivable | 41 | €112,878 | €135,538 | +€22,660 | +20.1% |
| Current investments | 50/53 | €108,802 | €103,547 | -€5,255 | -4.8% |
| Cash at bank and in hand | 54/58 | €80,573 | €125,365 | +€44,792 | +55.6% |
| Deferred charges and accrued income | 490/1 | €9,815 | €4,832 | -€4,983 | -50.8% |
| Total equity and liabilities | 10/49 | €495,694 | €437,196 | -€58,498 | -11.8% |
| Equity | 10/15 | €274,476 | €323,754 | +€49,278 | +18.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €255,876 | €305,154 | +€49,278 | +19.3% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €255,876 | €305,154 | +€49,278 | +19.3% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €221,217 | €113,441 | -€107,776 | -48.7% |
| Amounts payable after more than one year | 17 | €86,721 | €17,344 | -€69,377 | -80.0% |
| Financial debts | 170/4 | €86,721 | €17,344 | -€69,377 | -80.0% |
| Amounts payable within one year | 42/48 | €134,497 | €95,953 | -€38,544 | -28.7% |
| Current portion of amounts payable after more than one year | 42 | €69,377 | €69,377 | +€0 | 0.0% |
| Trade debts | 44 | €49,764 | €1,175 | -€48,589 | -97.6% |
| Suppliers | 440/4 | €49,764 | €1,175 | -€48,589 | -97.6% |
| Taxes, remuneration and social security | 45 | €14,523 | €24,569 | +€10,046 | +69.2% |
| Taxes | 450/3 | €14,523 | €24,569 | +€10,046 | +69.2% |
| Other amounts payable | 47/48 | €833 | €833 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | - | €144 | +€144 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €60,631 | €60,121 | -€510 | -0.8% |
| Other operating charges | 640/8 | €10,017 | €11,931 | +€1,914 | +19.1% |
| Gross operating margin | 9900 | €144,620 | €189,077 | +€44,456 | +30.7% |
| Operating profit (loss) | 9901 | €73,972 | €117,024 | +€43,052 | +58.2% |
| Financial income | 75/76B | €5,745 | €8,072 | +€2,326 | +40.5% |
| Recurring financial income | 75 | €5,745 | €8,072 | +€2,326 | +40.5% |
| Financial charges | 65/66B | €7,803 | €5,669 | -€2,133 | -27.3% |
| Recurring financial charges | 65 | €7,803 | €5,669 | -€2,133 | -27.3% |
| Profit (loss) for the period before taxes | 9903 | €71,914 | €119,426 | +€47,511 | +66.1% |
| Income taxes | 67/77 | €20,742 | €35,386 | +€14,645 | +70.6% |
| Profit (loss) for the period | 9904 | €51,173 | €84,039 | +€32,866 | +64.2% |
| Profit (loss) for the period to be appropriated | 9905 | €51,173 | €84,039 | +€32,866 | +64.2% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 3 November 2026 via checked.be.