B.D.V.: 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.
B.D.V.
Largest movements
- Cash -€18,649
down €18,649 (-37.7%), from €49,499 to €30,850
mainly Debts after one year (-€19,869) and Investment in fixed assets (net) (-€19,434)
- Tangible fixed assets +€10,674
up €10,674 (+3.4%), from €317,268 to €327,942
- Debts after one year -€19,869
down €19,869 (-11.4%), from €174,151 to €154,282
- Profit (loss) carried forward +€8,250
up €8,250 (+8.9%), from €93,040 to €101,290
- Other operating charges +€3,093
up €3,093 (+101%), from €3,048 to €6,141
- Taxes -€1,257
down €1,257 (-34.7%), from €3,619 to €2,362
- Depreciation +€1,166
up €1,166 (+15.4%), from €7,594 to €8,760
- Financial charges -€428
down €428 (-9.2%), from €4,674 to €4,246
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 | €371,498 | €361,184 | -€10,314 | -2.8% |
| Fixed assets | 21/28 | €317,268 | €327,942 | +€10,674 | +3.4% |
| Tangible fixed assets | 22/27 | €317,268 | €327,942 | +€10,674 | +3.4% |
| Land and buildings | 22 | €317,268 | €327,942 | +€10,674 | +3.4% |
| Current assets | 29/58 | €54,230 | €33,242 | -€20,988 | -38.7% |
| Amounts receivable within one year | 40/41 | €974 | €661 | -€314 | -32.2% |
| Trade receivables | 40 | €590 | €652 | +€62 | +10.6% |
| Other amounts receivable | 41 | €385 | €9 | -€376 | -97.6% |
| Cash at bank and in hand | 54/58 | €49,499 | €30,850 | -€18,649 | -37.7% |
| Deferred charges and accrued income | 490/1 | €3,757 | €1,731 | -€2,026 | -53.9% |
| Total equity and liabilities | 10/49 | €371,498 | €361,184 | -€10,314 | -2.8% |
| Equity | 10/15 | €101,108 | €109,358 | +€8,250 | +8.2% |
| Contributions | 10/11 | €6,208 | €6,208 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €93,040 | €101,290 | +€8,250 | +8.9% |
| Amounts payable | 17/49 | €270,390 | €251,826 | -€18,564 | -6.9% |
| Amounts payable after more than one year | 17 | €174,151 | €154,282 | -€19,869 | -11.4% |
| Financial debts | 170/4 | €174,151 | €154,282 | -€19,869 | -11.4% |
| Amounts payable within one year | 42/48 | €96,239 | €97,543 | +€1,304 | +1.4% |
| Current portion of amounts payable after more than one year | 42 | €19,427 | €19,869 | +€442 | +2.3% |
| Trade debts | 44 | €1,904 | €339 | -€1,565 | -82.2% |
| Suppliers | 440/4 | €1,904 | €339 | -€1,565 | -82.2% |
| Taxes, remuneration and social security | 45 | €402 | €2,830 | +€2,428 | +604% |
| Taxes | 450/3 | €402 | €2,830 | +€2,428 | +604% |
| Other amounts payable | 47/48 | €74,506 | €74,506 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,594 | €8,760 | +€1,166 | +15.4% |
| Other operating charges | 640/8 | €3,048 | €6,141 | +€3,093 | +101% |
| Gross operating margin | 9900 | €29,776 | €29,759 | -€16 | -0.1% |
| Operating profit (loss) | 9901 | €19,134 | €14,859 | -€4,276 | -22.3% |
| Financial charges | 65/66B | €4,674 | €4,246 | -€428 | -9.2% |
| Recurring financial charges | 65 | €4,674 | €4,246 | -€428 | -9.2% |
| Profit (loss) for the period before taxes | 9903 | €14,460 | €10,613 | -€3,847 | -26.6% |
| Income taxes | 67/77 | €3,619 | €2,362 | -€1,257 | -34.7% |
| Profit (loss) for the period | 9904 | €10,841 | €8,250 | -€2,591 | -23.9% |
| Profit (loss) for the period to be appropriated | 9905 | €10,841 | €8,250 | -€2,591 | -23.9% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 15 October 2026 via checked.be.