B.N.V.I.: 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.N.V.I.
Largest movements
- Cash -€62,206
down €62,206 (-47.5%), from €131,074 to €68,868
mainly Tax, wage and social debts (-€37,155) and Receivables within one year (-€18,104)
- Receivables within one year +€18,104
up €18,104 (+36.5%), from €49,626 to €67,730
of which Other amounts receivable: +€27,121
- Tangible fixed assets -€12,100
down €12,100 (-37.8%), from €32,032 to €19,933
- Tax, wage and social debts -€37,155
down €37,155 (-77.5%), from €47,949 to €10,793
of which Taxes: -€27,410
- Current portion of long-term debt -€8,315
down €8,315 (-83.0%), from €10,019 to €1,704
- Trade debts -€4,669
down €4,669 (-21.2%), from €22,033 to €17,364
- Other debts -€3,701
down €3,701 (-63.8%), from €5,803 to €2,102
- Gross operating margin -€27,017
down €27,017 (-14.4%), from €187,023 to €160,007
- Taxes -€11,375
no longer reported in 2025 (was €11,375)
- Depreciation -€9,894
down €9,894 (-40.4%), from €24,503 to €14,608
- Staff costs +€8,960
up €8,960 (+7.5%), from €118,735 to €127,694
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 | €229,428 | €174,826 | -€54,602 | -23.8% |
| Fixed assets | 21/28 | €37,920 | €25,821 | -€12,100 | -31.9% |
| Tangible fixed assets | 22/27 | €32,032 | €19,933 | -€12,100 | -37.8% |
| Plant, machinery and equipment | 23 | €2,670 | €1,156 | -€1,514 | -56.7% |
| Furniture and vehicles | 24 | €22,397 | €16,751 | -€5,646 | -25.2% |
| Other tangible fixed assets | 26 | €6,966 | €2,026 | -€4,940 | -70.9% |
| Financial fixed assets | 28 | €5,888 | €5,888 | = | 0.0% |
| Current assets | 29/58 | €191,508 | €149,005 | -€42,503 | -22.2% |
| Stocks and contracts in progress | 3 | €10,741 | €11,427 | +€686 | +6.4% |
| Stocks | 30/36 | €10,741 | €11,427 | +€686 | +6.4% |
| Amounts receivable within one year | 40/41 | €49,626 | €67,730 | +€18,104 | +36.5% |
| Trade receivables | 40 | €46,001 | €36,985 | -€9,017 | -19.6% |
| Other amounts receivable | 41 | €3,625 | €30,746 | +€27,121 | +748% |
| Cash at bank and in hand | 54/58 | €131,074 | €68,868 | -€62,206 | -47.5% |
| Deferred charges and accrued income | 490/1 | €67 | €981 | +€913 | +1,356% |
| Total equity and liabilities | 10/49 | €229,428 | €174,826 | -€54,602 | -23.8% |
| Equity | 10/15 | €141,919 | €142,862 | +€943 | +0.7% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €95,239 | €95,239 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €93,379 | €93,379 | = | 0.0% |
| Profit (loss) carried forward | 14 | €28,080 | €29,023 | +€943 | +3.4% |
| Amounts payable | 17/49 | €87,509 | €31,964 | -€55,545 | -63.5% |
| Amounts payable after more than one year | 17 | €1,704 | - | -€1,704 | |
| Financial debts | 170/4 | €1,704 | - | -€1,704 | |
| Amounts payable within one year | 42/48 | €85,805 | €31,964 | -€53,841 | -62.7% |
| Current portion of amounts payable after more than one year | 42 | €10,019 | €1,704 | -€8,315 | -83.0% |
| Trade debts | 44 | €22,033 | €17,364 | -€4,669 | -21.2% |
| Suppliers | 440/4 | €22,033 | €17,364 | -€4,669 | -21.2% |
| Taxes, remuneration and social security | 45 | €47,949 | €10,793 | -€37,155 | -77.5% |
| Taxes | 450/3 | €38,105 | €10,695 | -€27,410 | -71.9% |
| Remuneration and social security | 454/9 | €9,844 | €99 | -€9,745 | -99.0% |
| Other amounts payable | 47/48 | €5,803 | €2,102 | -€3,701 | -63.8% |
| Non-recurring operating income | 76A | - | €6,078 | +€6,078 | |
| Remuneration, social security and pensions | 62 | €118,735 | €127,694 | +€8,960 | +7.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €24,503 | €14,608 | -€9,894 | -40.4% |
| Other operating charges | 640/8 | €8,146 | €8,096 | -€51 | -0.6% |
| Gross operating margin | 9900 | €187,023 | €160,007 | -€27,017 | -14.4% |
| Operating profit (loss) | 9901 | €35,640 | €9,608 | -€26,031 | -73.0% |
| Financial income | 75/76B | €12 | €653 | +€641 | +5,535% |
| Recurring financial income | 75 | €12 | €653 | +€641 | +5,535% |
| Financial charges | 65/66B | €9,593 | €9,318 | -€275 | -2.9% |
| Recurring financial charges | 65 | €9,593 | €9,318 | -€275 | -2.9% |
| Profit (loss) for the period before taxes | 9903 | €26,058 | €943 | -€25,115 | -96.4% |
| Income taxes | 67/77 | €11,375 | - | -€11,375 | |
| Profit (loss) for the period | 9904 | €14,683 | €943 | -€13,740 | -93.6% |
| Profit (loss) for the period to be appropriated | 9905 | €14,683 | €943 | -€13,740 | -93.6% |
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 17 October 2026 via checked.be.