B & V 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 CONCEPT
Largest movements
- Receivables within one year +€176,898
up €176,898 (+114.1%), from €155,006 to €331,904
of which Other amounts receivable: +€139,998
- Stocks and contracts -€52,979
down €52,979 (-60.1%), from €88,175 to €35,196
- Tangible fixed assets -€49,593
down €49,593 (-19.8%), from €250,421 to €200,828
of which Land and buildings: -€24,907
- Cash -€21,982
down €21,982 (-63.3%), from €34,718 to €12,737
mainly Receivables within one year (-€176,898) and Contributions, distributions and other (-€133,471)
- Reserves +€53,591
up €53,591 (+34.3%), from €156,031 to €209,622
- Debts after one year -€50,534
down €50,534 (-36.2%), from €139,662 to €89,128
- Other debts +€24,903
up €24,903 (+30.9%), from €80,585 to €105,487
- Tax, wage and social debts +€17,789
up €17,789 (+26.7%), from €66,723 to €84,512
of which Taxes: +€14,354
- Financial charges +€25,014
up €25,014 (+191.4%), from €13,066 to €38,081
- Staff costs +€21,713
up €21,713 (+5.5%), from €392,208 to €413,921
- Gross operating margin +€16,838
up €16,838 (+2.4%), from €690,607 to €707,446
- Taxes -€12,120
down €12,120 (-31.9%), from €37,990 to €25,870
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 | €534,177 | €587,343 | +€53,166 | +10.0% |
| Fixed assets | 21/28 | €250,909 | €201,316 | -€49,593 | -19.8% |
| Tangible fixed assets | 22/27 | €250,421 | €200,828 | -€49,593 | -19.8% |
| Land and buildings | 22 | €138,674 | €113,767 | -€24,907 | -18.0% |
| Plant, machinery and equipment | 23 | €75,844 | €61,173 | -€14,671 | -19.3% |
| Furniture and vehicles | 24 | €35,903 | €25,888 | -€10,014 | -27.9% |
| Financial fixed assets | 28 | €488 | €488 | = | 0.0% |
| Current assets | 29/58 | €283,268 | €386,027 | +€102,758 | +36.3% |
| Stocks and contracts in progress | 3 | €88,175 | €35,196 | -€52,979 | -60.1% |
| Stocks | 30/36 | €88,175 | €35,196 | -€52,979 | -60.1% |
| Amounts receivable within one year | 40/41 | €155,006 | €331,904 | +€176,898 | +114.1% |
| Trade receivables | 40 | €16,925 | €53,825 | +€36,900 | +218.0% |
| Other amounts receivable | 41 | €138,082 | €278,080 | +€139,998 | +101.4% |
| Cash at bank and in hand | 54/58 | €34,718 | €12,737 | -€21,982 | -63.3% |
| Deferred charges and accrued income | 490/1 | €5,369 | €6,190 | +€821 | +15.3% |
| Total equity and liabilities | 10/49 | €534,177 | €587,343 | +€53,166 | +10.0% |
| Equity | 10/15 | €172,431 | €226,022 | +€53,591 | +31.1% |
| Contributions | 10/11 | €16,400 | €16,400 | = | 0.0% |
| Contributions outside capital | 11 | €16,400 | €16,400 | = | 0.0% |
| Other | 1109/19 | €16,400 | €16,400 | = | 0.0% |
| Reserves | 13 | €156,031 | €209,622 | +€53,591 | +34.3% |
| Distributable reserves | 133 | €156,031 | €209,622 | +€53,591 | +34.3% |
| Provisions and deferred taxes | 16 | €2,569 | €2,569 | = | 0.0% |
| Provisions for liabilities and charges | 160/5 | €2,569 | €2,569 | = | 0.0% |
| Pensions and similar obligations | 160 | €2,569 | €2,569 | = | 0.0% |
| Amounts payable | 17/49 | €359,177 | €358,752 | -€425 | -0.1% |
| Amounts payable after more than one year | 17 | €139,662 | €89,128 | -€50,534 | -36.2% |
| Financial debts | 170/4 | €139,662 | €89,128 | -€50,534 | -36.2% |
| Amounts payable within one year | 42/48 | €219,195 | €269,533 | +€50,338 | +23.0% |
| Current portion of amounts payable after more than one year | 42 | €48,845 | €51,368 | +€2,523 | +5.2% |
| Trade debts | 44 | €23,042 | €28,166 | +€5,124 | +22.2% |
| Suppliers | 440/4 | €23,042 | €28,166 | +€5,124 | +22.2% |
| Taxes, remuneration and social security | 45 | €66,723 | €84,512 | +€17,789 | +26.7% |
| Taxes | 450/3 | €10,064 | €24,418 | +€14,354 | +142.6% |
| Remuneration and social security | 454/9 | €56,659 | €60,095 | +€3,435 | +6.1% |
| Other amounts payable | 47/48 | €80,585 | €105,487 | +€24,903 | +30.9% |
| Accrued charges and deferred income | 492/3 | €320 | €91 | -€229 | -71.7% |
| Remuneration, social security and pensions | 62 | €392,208 | €413,921 | +€21,713 | +5.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €48,813 | €49,108 | +€295 | +0.6% |
| Other operating charges | 640/8 | €2,463 | €3,371 | +€908 | +36.9% |
| Gross operating margin | 9900 | €690,607 | €707,446 | +€16,838 | +2.4% |
| Operating profit (loss) | 9901 | €247,124 | €241,046 | -€6,078 | -2.5% |
| Financial income | 75/76B | €6,699 | €9,967 | +€3,268 | +48.8% |
| Recurring financial income | 75 | €6,699 | €9,967 | +€3,268 | +48.8% |
| Financial charges | 65/66B | €13,066 | €38,081 | +€25,014 | +191.4% |
| Recurring financial charges | 65 | €13,066 | €38,081 | +€25,014 | +191.4% |
| Profit (loss) for the period before taxes | 9903 | €240,756 | €212,933 | -€27,824 | -11.6% |
| Income taxes | 67/77 | €37,990 | €25,870 | -€12,120 | -31.9% |
| Profit (loss) for the period | 9904 | €202,766 | €187,062 | -€15,704 | -7.7% |
| Profit (loss) for the period to be appropriated | 9905 | €202,766 | €187,062 | -€15,704 | -7.7% |
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 11 October 2026 via checked.be.