B.V.C.: 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.V.C.
Largest movements
- Tangible fixed assets -€167,439
down €167,439 (-27.1%), from €618,587 to €451,148
of which Leasing and similar rights: -€265,711
- Cash -€150,473
down €150,473 (-45.6%), from €330,166 to €179,694
mainly Trade debts (-€84,367) and Current portion of long-term debt (-€76,153)
- Trade debts -€84,367
down €84,367 (-11.0%), from €764,527 to €680,160
- Current portion of long-term debt -€76,153
down €76,153 (-45.7%), from €166,565 to €90,412
- Debts after one year -€55,210
down €55,210 (-82.6%), from €66,823 to €11,613
- Tax, wage and social debts -€52,441
down €52,441 (-89.4%), from €58,685 to €6,243
of which Taxes: -€56,000
- Gross operating margin -€553,231
down €553,231 (-60.7%), from €910,921 to €357,689
- Taxes -€130,282
down €130,282 (-92.8%), from €140,459 to €10,177
- Financial charges +€21,778
up €21,778 (+82.8%), from €26,287 to €48,065
- Staff costs -€9,638
down €9,638 (-16.4%), from €58,828 to €49,190
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 | €3,005,633 | €2,750,550 | -€255,083 | -8.5% |
| Fixed assets | 21/28 | €638,223 | €498,515 | -€139,708 | -21.9% |
| Intangible fixed assets | 21 | €4,296 | €32,026 | +€27,731 | +645.5% |
| Tangible fixed assets | 22/27 | €618,587 | €451,148 | -€167,439 | -27.1% |
| Plant, machinery and equipment | 23 | €19,944 | €11,811 | -€8,133 | -40.8% |
| Furniture and vehicles | 24 | €127,561 | €235,326 | +€107,765 | +84.5% |
| Leasing and similar rights | 25 | €460,385 | €194,675 | -€265,711 | -57.7% |
| Other tangible fixed assets | 26 | €10,696 | €9,336 | -€1,360 | -12.7% |
| Financial fixed assets | 28 | €15,341 | €15,341 | = | 0.0% |
| Current assets | 29/58 | €2,367,409 | €2,252,035 | -€115,375 | -4.9% |
| Amounts receivable after more than one year | 29 | €350,000 | €350,000 | = | 0.0% |
| Other amounts receivable | 291 | €350,000 | €350,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €1,645,219 | €1,662,998 | +€17,779 | +1.1% |
| Trade receivables | 40 | €1,480,626 | €1,316,316 | -€164,309 | -11.1% |
| Other amounts receivable | 41 | €164,593 | €346,682 | +€182,088 | +110.6% |
| Cash at bank and in hand | 54/58 | €330,166 | €179,694 | -€150,473 | -45.6% |
| Deferred charges and accrued income | 490/1 | €42,024 | €59,343 | +€17,319 | +41.2% |
| Total equity and liabilities | 10/49 | €3,005,633 | €2,750,550 | -€255,083 | -8.5% |
| Equity | 10/15 | €1,849,032 | €1,862,121 | +€13,089 | +0.7% |
| Contributions | 10/11 | €50,000 | €50,000 | = | 0.0% |
| Reserves | 13 | €1,799,032 | €1,812,121 | +€13,089 | +0.7% |
| Non-distributable reserves | 130/1 | €5,000 | €5,000 | = | 0.0% |
| Reserves not available under the articles | 1311 | €5,000 | €5,000 | = | 0.0% |
| Distributable reserves | 133 | €1,794,032 | €1,807,121 | +€13,089 | +0.7% |
| Amounts payable | 17/49 | €1,156,600 | €888,429 | -€268,172 | -23.2% |
| Amounts payable after more than one year | 17 | €66,823 | €11,613 | -€55,210 | -82.6% |
| Financial debts | 170/4 | €66,823 | €11,613 | -€55,210 | -82.6% |
| Amounts payable within one year | 42/48 | €1,089,777 | €876,815 | -€212,962 | -19.5% |
| Current portion of amounts payable after more than one year | 42 | €166,565 | €90,412 | -€76,153 | -45.7% |
| Financial debts | 43 | €100,000 | €100,000 | = | 0.0% |
| Credit institutions | 430/8 | €100,000 | €100,000 | = | 0.0% |
| Trade debts | 44 | €764,527 | €680,160 | -€84,367 | -11.0% |
| Suppliers | 440/4 | €764,527 | €680,160 | -€84,367 | -11.0% |
| Taxes, remuneration and social security | 45 | €58,685 | €6,243 | -€52,441 | -89.4% |
| Taxes | 450/3 | €56,000 | €0 | -€56,000 | -100.0% |
| Remuneration and social security | 454/9 | €2,685 | €6,243 | +€3,559 | +132.6% |
| Remuneration, social security and pensions | 62 | €58,828 | €49,190 | -€9,638 | -16.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €205,163 | €212,437 | +€7,274 | +3.5% |
| Other operating charges | 640/8 | €26,784 | €24,884 | -€1,900 | -7.1% |
| Gross operating margin | 9900 | €910,921 | €357,689 | -€553,231 | -60.7% |
| Operating profit (loss) | 9901 | €620,146 | €71,178 | -€548,968 | -88.5% |
| Financial income | 75/76B | €3,489 | €153 | -€3,336 | -95.6% |
| Recurring financial income | 75 | €3,489 | €153 | -€3,336 | -95.6% |
| Financial charges | 65/66B | €26,287 | €48,065 | +€21,778 | +82.8% |
| Recurring financial charges | 65 | €26,287 | €48,065 | +€21,778 | +82.8% |
| Profit (loss) for the period before taxes | 9903 | €597,348 | €23,266 | -€574,082 | -96.1% |
| Income taxes | 67/77 | €140,459 | €10,177 | -€130,282 | -92.8% |
| Profit (loss) for the period | 9904 | €456,889 | €13,089 | -€443,800 | -97.1% |
| Profit (loss) for the period to be appropriated | 9905 | €456,889 | €13,089 | -€443,800 | -97.1% |
Source: filed annual accounts (NBB), fiscal years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 4 October 2026 via checked.be.