B.C.V.D.: 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.
B.C.V.D.
Largest movements
- Receivables within one year +€489,440
up €489,440 (+86.4%), from €566,189 to €1.1m
of which Other amounts receivable: +€452,265
- Tangible fixed assets -€144,295
down €144,295 (-3.9%), from €3.7m to €3.6m
of which Leasing and similar rights: -€148,960
- Other debts +€1.3m
up €1.3m (+56.3%), from €2.3m to €3.6m
- Profit (loss) carried forward -€707,162
down €707,162 (-54.6%), from €1.3m to €587,235
- Debts after one year -€237,895
down €237,895 (-7.9%), from €3.0m to €2.8m
- Gross operating margin +€63,807
up €63,807 (+15.0%), from €424,368 to €488,175
- Staff costs +€17,458
up €17,458 (+12.3%), from €142,082 to €159,540
- Taxes +€11,697
new in 2025: €11,697
- Financial charges -€9,890
down €9,890 (-7.9%), from €125,207 to €115,318
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 | €7,045,638 | €7,389,203 | +€343,565 | +4.9% |
| Fixed assets | 21/28 | €6,440,975 | €6,296,681 | -€144,295 | -2.2% |
| Tangible fixed assets | 22/27 | €3,694,453 | €3,550,158 | -€144,295 | -3.9% |
| Land and buildings | 22 | €133,697 | €129,797 | -€3,900 | -2.9% |
| Furniture and vehicles | 24 | - | €8,566 | +€8,566 | |
| Leasing and similar rights | 25 | €3,560,756 | €3,411,796 | -€148,960 | -4.2% |
| Financial fixed assets | 28 | €2,746,523 | €2,746,523 | = | 0.0% |
| Current assets | 29/58 | €604,662 | €1,092,522 | +€487,860 | +80.7% |
| Amounts receivable within one year | 40/41 | €566,189 | €1,055,629 | +€489,440 | +86.4% |
| Trade receivables | 40 | €49,701 | €86,876 | +€37,175 | +74.8% |
| Other amounts receivable | 41 | €516,488 | €968,753 | +€452,265 | +87.6% |
| Cash at bank and in hand | 54/58 | €14,324 | €13,057 | -€1,266 | -8.8% |
| Deferred charges and accrued income | 490/1 | €24,150 | €23,836 | -€314 | -1.3% |
| Total equity and liabilities | 10/49 | €7,045,638 | €7,389,203 | +€343,565 | +4.9% |
| Equity | 10/15 | €1,404,397 | €697,235 | -€707,162 | -50.4% |
| Contributions | 10/11 | €100,000 | €100,000 | = | 0.0% |
| Reserves | 13 | €10,000 | €10,000 | = | 0.0% |
| Non-distributable reserves | 130/1 | €10,000 | €10,000 | = | 0.0% |
| Reserves not available under the articles | 1311 | €10,000 | €10,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €1,294,397 | €587,235 | -€707,162 | -54.6% |
| Amounts payable | 17/49 | €5,641,241 | €6,691,968 | +€1.1m | +18.6% |
| Amounts payable after more than one year | 17 | €3,009,404 | €2,771,510 | -€237,895 | -7.9% |
| Financial debts | 170/4 | €3,009,404 | €2,771,510 | -€237,895 | -7.9% |
| Amounts payable within one year | 42/48 | €2,608,823 | €3,874,258 | +€1.3m | +48.5% |
| Current portion of amounts payable after more than one year | 42 | €286,706 | €237,895 | -€48,811 | -17.0% |
| Financial debts | 43 | - | €11,038 | +€11,038 | |
| Credit institutions | 430/8 | - | €11,038 | +€11,038 | |
| Trade debts | 44 | €9,975 | €10,068 | +€93 | +0.9% |
| Suppliers | 440/4 | €9,975 | €10,068 | +€93 | +0.9% |
| Taxes, remuneration and social security | 45 | €22,143 | €36,258 | +€14,115 | +63.7% |
| Taxes | 450/3 | €1,749 | €13,772 | +€12,023 | +687.3% |
| Remuneration and social security | 454/9 | €20,394 | €22,486 | +€2,092 | +10.3% |
| Other amounts payable | 47/48 | €2,290,000 | €3,579,000 | +€1.3m | +56.3% |
| Accrued charges and deferred income | 492/3 | €23,014 | €46,200 | +€23,187 | +100.8% |
| Remuneration, social security and pensions | 62 | €142,082 | €159,540 | +€17,458 | +12.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €152,785 | €156,154 | +€3,369 | +2.2% |
| Other operating charges | 640/8 | €1,075 | €2,629 | +€1,553 | +144.5% |
| Gross operating margin | 9900 | €424,368 | €488,175 | +€63,807 | +15.0% |
| Operating profit (loss) | 9901 | €128,426 | €169,853 | +€41,427 | +32.3% |
| Financial charges | 65/66B | €125,207 | €115,318 | -€9,890 | -7.9% |
| Recurring financial charges | 65 | €125,207 | €115,318 | -€9,890 | -7.9% |
| Profit (loss) for the period before taxes | 9903 | €3,218 | €54,535 | +€51,317 | +1594.6% |
| Income taxes | 67/77 | - | €11,697 | +€11,697 | |
| Profit (loss) for the period | 9904 | €3,218 | €42,838 | +€39,620 | +1231.1% |
| Profit (loss) for the period to be appropriated | 9905 | €3,218 | €42,838 | +€39,620 | +1231.1% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 4 October 2026 via checked.be.