B.V.C. Concept: 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.V.C. Concept
Largest movements
- Tangible fixed assets +€86,488
up €86,488 (+160%), from €53,922 to €140,410
of which Plant, machinery and equipment: +€53,284
- Receivables within one year +€17,031
up €17,031 (+205%), from €8,300 to €25,331
of which Trade receivables: +€19,110
- Cash +€11,006
up €11,006 (+21.1%), from €52,124 to €63,130
mainly Other debts (+€60,000) and Net result for the year (+€47,365)
- Other debts +€60,000
new in 2025: €60,000
- Debts after one year +€38,616
up €38,616 (+156%), from €24,816 to €63,432
- Trade debts +€32,399
up €32,399 (+4,602%), from €704 to €33,103
- Profit (loss) carried forward -€12,635
down €12,635 (-22.8%), from €55,516 to €42,881
- Accrued charges and deferred income -€8,547
no longer reported in 2025 (was €8,547)
- Gross operating margin +€46,409
up €46,409 (+91.6%), from €50,643 to €97,052
- Depreciation +€19,715
up €19,715 (+144%), from €13,729 to €33,444
- Taxes +€6,419
up €6,419 (+129%), from €4,986 to €11,405
- Other operating charges +€1,285
up €1,285 (+139%), from €926 to €2,211
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 | €118,626 | €233,151 | +€114,525 | +96.5% |
| Fixed assets | 21/28 | €53,922 | €140,410 | +€86,488 | +160% |
| Intangible fixed assets | 21 | - | €0 | = | |
| Tangible fixed assets | 22/27 | €53,922 | €140,410 | +€86,488 | +160% |
| Plant, machinery and equipment | 23 | - | €53,284 | +€53,284 | |
| Furniture and vehicles | 24 | €53,922 | €87,126 | +€33,204 | +61.6% |
| Current assets | 29/58 | €64,704 | €92,741 | +€28,037 | +43.3% |
| Amounts receivable within one year | 40/41 | €8,300 | €25,331 | +€17,031 | +205% |
| Trade receivables | 40 | €5,237 | €24,347 | +€19,110 | +365% |
| Other amounts receivable | 41 | €3,063 | €984 | -€2,079 | -67.9% |
| Cash at bank and in hand | 54/58 | €52,124 | €63,130 | +€11,006 | +21.1% |
| Deferred charges and accrued income | 490/1 | €4,280 | €4,280 | = | 0.0% |
| Total equity and liabilities | 10/49 | €118,626 | €233,151 | +€114,525 | +96.5% |
| Equity | 10/15 | €58,516 | €45,881 | -€12,635 | -21.6% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €55,516 | €42,881 | -€12,635 | -22.8% |
| Amounts payable | 17/49 | €60,110 | €187,270 | +€127,160 | +212% |
| Amounts payable after more than one year | 17 | €24,816 | €63,432 | +€38,616 | +156% |
| Financial debts | 170/4 | €24,816 | €63,432 | +€38,616 | +156% |
| Amounts payable within one year | 42/48 | €26,747 | €123,838 | +€97,091 | +363% |
| Current portion of amounts payable after more than one year | 42 | €20,933 | €21,625 | +€692 | +3.3% |
| Trade debts | 44 | €704 | €33,103 | +€32,399 | +4,602% |
| Suppliers | 440/4 | €704 | €33,103 | +€32,399 | +4,602% |
| Taxes, remuneration and social security | 45 | €5,110 | €9,110 | +€4,000 | +78.3% |
| Taxes | 450/3 | €4,986 | €8,986 | +€4,000 | +80.2% |
| Remuneration and social security | 454/9 | €124 | €124 | = | 0.0% |
| Other amounts payable | 47/48 | - | €60,000 | +€60,000 | |
| Accrued charges and deferred income | 492/3 | €8,547 | - | -€8,547 | |
| Remuneration, social security and pensions | 62 | €231 | - | -€231 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,729 | €33,444 | +€19,715 | +144% |
| Other operating charges | 640/8 | €926 | €2,211 | +€1,285 | +139% |
| Non-recurring operating charges | 66A | €11,798 | - | -€11,798 | |
| Gross operating margin | 9900 | €50,643 | €97,052 | +€46,409 | +91.6% |
| Operating profit (loss) | 9901 | €23,959 | €61,397 | +€37,438 | +156% |
| Financial income | 75/76B | €8 | - | -€8 | |
| Recurring financial income | 75 | €8 | - | -€8 | |
| Financial charges | 65/66B | €2,116 | €2,627 | +€511 | +24.1% |
| Recurring financial charges | 65 | €2,116 | €2,627 | +€511 | +24.1% |
| Profit (loss) for the period before taxes | 9903 | €21,851 | €58,770 | +€36,919 | +169% |
| Income taxes | 67/77 | €4,986 | €11,405 | +€6,419 | +129% |
| Profit (loss) for the period | 9904 | €16,865 | €47,365 | +€30,500 | +181% |
| Profit (loss) for the period to be appropriated | 9905 | €16,865 | €47,365 | +€30,500 | +181% |
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 21 October 2026 via checked.be.