Association BVG: 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.
Association BVG
Largest movements
- Receivables within one year +€93,449
up €93,449 (+62.3%), from €149,887 to €243,337
of which Other amounts receivable: +€69,154
- Cash -€18,755
down €18,755 (-54.9%), from €34,182 to €15,427
mainly Receivables within one year (-€93,449) and Other debts (-€87,998)
- Tangible fixed assets -€13,170
down €13,170 (-4.1%), from €317,572 to €304,402
of which Land and buildings: -€13,698
- Reserves +€239,000
up €239,000 (+73.6%), from €324,833 to €563,833
of which Distributable reserves: +€239,000
- Other debts -€87,998
down €87,998 (-92.2%), from €95,402 to €7,404
- Debts after one year -€58,028
down €58,028 (-15.9%), from €364,501 to €306,473
- Tax, wage and social debts -€28,769
down €28,769 (-35.4%), from €81,284 to €52,515
- Taxes +€10,185
up €10,185 (+31.8%), from €32,007 to €42,192
- Gross operating margin -€2,262
down €2,262 (-2.1%), from €108,970 to €106,708
- Depreciation +€1,631
up €1,631 (+13.1%), from €12,448 to €14,079
- Financial charges -€1,093
down €1,093 (-10.8%), from €10,136 to €9,043
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 | €951,896 | €1,014,120 | +€62,224 | +6.5% |
| Fixed assets | 21/28 | €764,572 | €751,402 | -€13,170 | -1.7% |
| Tangible fixed assets | 22/27 | €317,572 | €304,402 | -€13,170 | -4.1% |
| Land and buildings | 22 | €317,252 | €303,554 | -€13,698 | -4.3% |
| Furniture and vehicles | 24 | €320 | €848 | +€528 | +165% |
| Financial fixed assets | 28 | €447,000 | €447,000 | = | 0.0% |
| Current assets | 29/58 | €187,324 | €262,718 | +€75,394 | +40.2% |
| Amounts receivable within one year | 40/41 | €149,887 | €243,337 | +€93,449 | +62.3% |
| Trade receivables | 40 | €25,687 | €49,983 | +€24,295 | +94.6% |
| Other amounts receivable | 41 | €124,200 | €193,354 | +€69,154 | +55.7% |
| Cash at bank and in hand | 54/58 | €34,182 | €15,427 | -€18,755 | -54.9% |
| Deferred charges and accrued income | 490/1 | €3,255 | €3,955 | +€700 | +21.5% |
| Total equity and liabilities | 10/49 | €951,896 | €1,014,120 | +€62,224 | +6.5% |
| Equity | 10/15 | €344,151 | €582,799 | +€238,648 | +69.3% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €324,833 | €563,833 | +€239,000 | +73.6% |
| Non-distributable reserves | 130/1 | €833 | €833 | = | 0.0% |
| Reserves not available under the articles | 1311 | €833 | €833 | = | 0.0% |
| Distributable reserves | 133 | €324,000 | €563,000 | +€239,000 | +73.8% |
| Profit (loss) carried forward | 14 | €718 | €365 | -€352 | -49.1% |
| Amounts payable | 17/49 | €607,745 | €431,321 | -€176,424 | -29.0% |
| Amounts payable after more than one year | 17 | €364,501 | €306,473 | -€58,028 | -15.9% |
| Financial debts | 170/4 | €364,501 | €306,473 | -€58,028 | -15.9% |
| Amounts payable within one year | 42/48 | €243,245 | €124,848 | -€118,396 | -48.7% |
| Current portion of amounts payable after more than one year | 42 | €57,193 | €63,537 | +€6,345 | +11.1% |
| Trade debts | 44 | €9,367 | €1,392 | -€7,974 | -85.1% |
| Suppliers | 440/4 | €9,367 | €1,392 | -€7,974 | -85.1% |
| Taxes, remuneration and social security | 45 | €81,284 | €52,515 | -€28,769 | -35.4% |
| Taxes | 450/3 | €81,284 | €52,515 | -€28,769 | -35.4% |
| Other amounts payable | 47/48 | €95,402 | €7,404 | -€87,998 | -92.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,448 | €14,079 | +€1,631 | +13.1% |
| Other operating charges | 640/8 | €2,479 | €2,746 | +€268 | +10.8% |
| Gross operating margin | 9900 | €108,970 | €106,708 | -€2,262 | -2.1% |
| Operating profit (loss) | 9901 | €94,044 | €89,883 | -€4,161 | -4.4% |
| Financial income | 75/76B | €200,000 | €200,000 | = | 0.0% |
| Recurring financial income | 75 | €200,000 | €200,000 | = | 0.0% |
| Financial charges | 65/66B | €10,136 | €9,043 | -€1,093 | -10.8% |
| Recurring financial charges | 65 | €10,136 | €9,043 | -€1,093 | -10.8% |
| Profit (loss) for the period before taxes | 9903 | €283,908 | €280,840 | -€3,068 | -1.1% |
| Income taxes | 67/77 | €32,007 | €42,192 | +€10,185 | +31.8% |
| Profit (loss) for the period | 9904 | €251,900 | €238,648 | -€13,253 | -5.3% |
| Profit (loss) for the period to be appropriated | 9905 | €251,900 | €238,648 | -€13,253 | -5.3% |
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 22 October 2026 via checked.be.