B.V.D.M.: 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.D.M.
Largest movements
- Cash -€27,402
down €27,402 (-34.2%), from €80,037 to €52,635
mainly Investment in fixed assets (net) (-€26,106) and Net result for the year (-€21,251)
- Profit (loss) carried forward -€21,251
down €21,251, from €0 to -€21,251
- Tax, wage and social debts -€7,270
down €7,270 (-85.3%), from €8,519 to €1,248
- Trade debts +€4,176
up €4,176, from €0 to €4,176
- Other debts -€3,327
down €3,327 (-2.9%), from €115,000 to €111,673
- Turnover -€80,825
no longer reported in 2025 (was €80,825)
- Purchases and services -€46,747
no longer reported in 2025 (was €46,747)
- Gross operating margin -€37,100
down €37,100 (-88.1%), from €42,133 to €5,033
- Taxes -€5,422
down €5,422 (-92.8%), from €5,841 to €419
- Depreciation +€2,239
up €2,239 (+9.8%), from €22,897 to €25,136
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 | €161,212 | €133,540 | -€27,672 | -17.2% |
| Fixed assets | 21/28 | €70,279 | €71,249 | +€970 | +1.4% |
| Tangible fixed assets | 22/27 | €70,279 | €71,249 | +€970 | +1.4% |
| Plant, machinery and equipment | 23 | €915 | €6,740 | +€5,825 | +636.6% |
| Furniture and vehicles | 24 | €69,364 | €64,509 | -€4,855 | -7.0% |
| Current assets | 29/58 | €90,933 | €62,291 | -€28,642 | -31.5% |
| Amounts receivable within one year | 40/41 | €8,523 | €7,031 | -€1,492 | -17.5% |
| Trade receivables | 40 | €8,523 | €7,023 | -€1,500 | -17.6% |
| Other amounts receivable | 41 | €0 | €8 | +€8 | |
| Cash at bank and in hand | 54/58 | €80,037 | €52,635 | -€27,402 | -34.2% |
| Deferred charges and accrued income | 490/1 | €2,373 | €2,625 | +€252 | +10.6% |
| Total equity and liabilities | 10/49 | €161,212 | €133,540 | -€27,672 | -17.2% |
| Equity | 10/15 | €37,693 | €16,442 | -€21,251 | -56.4% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €32,693 | €32,693 | = | 0.0% |
| Distributable reserves | 133 | €32,693 | €32,693 | = | 0.0% |
| Profit (loss) carried forward | 14 | €0 | -€21,251 | -€21,251 | |
| Amounts payable | 17/49 | €123,519 | €117,098 | -€6,421 | -5.2% |
| Amounts payable within one year | 42/48 | €123,519 | €117,098 | -€6,421 | -5.2% |
| Trade debts | 44 | €0 | €4,176 | +€4,176 | |
| Suppliers | 440/4 | €0 | €4,176 | +€4,176 | |
| Taxes, remuneration and social security | 45 | €8,519 | €1,248 | -€7,270 | -85.3% |
| Taxes | 450/3 | €8,519 | €1,248 | -€7,270 | -85.3% |
| Other amounts payable | 47/48 | €115,000 | €111,673 | -€3,327 | -2.9% |
| Turnover | 70 | €80,825 | - | -€80,825 | |
| Goods, raw materials, services and sundry goods | 60/61 | €46,747 | - | -€46,747 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €22,897 | €25,136 | +€2,239 | +9.8% |
| Other operating charges | 640/8 | €600 | €683 | +€83 | +13.8% |
| Gross operating margin | 9900 | €42,133 | €5,033 | -€37,100 | -88.1% |
| Operating profit (loss) | 9901 | €18,636 | -€20,786 | -€39,422 | |
| Financial charges | 65/66B | €42 | €46 | +€4 | +9.4% |
| Recurring financial charges | 65 | €42 | €46 | +€4 | +9.4% |
| Profit (loss) for the period before taxes | 9903 | €18,594 | -€20,832 | -€39,426 | |
| Income taxes | 67/77 | €5,841 | €419 | -€5,422 | -92.8% |
| Profit (loss) for the period | 9904 | €12,753 | -€21,251 | -€34,004 | |
| Profit (loss) for the period to be appropriated | 9905 | €12,753 | -€21,251 | -€34,004 |
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 10 October 2026 via checked.be.