B&V EXPERTEN: 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 EXPERTEN
Largest movements
- Current investments +€200,000
up €200,000 (+43.4%), from €461,000 to €661,000
- Intangible fixed assets -€22,884
down €22,884 (-11.0%), from €207,596 to €184,711
- Cash -€16,904
down €16,904 (-12.3%), from €136,874 to €119,970
mainly Contributions, distributions and other (-€469,865) and Current investments (-€200,000)
- Receivables within one year +€12,905
up €12,905 (+15.5%), from €83,451 to €96,356
of which Other amounts receivable: +€27,155
- Tangible fixed assets -€11,989
down €11,989 (-21.1%), from €56,736 to €44,747
- Other debts +€469,006
up €469,006 (+54599.1%), from €859 to €469,865
- Reserves -€207,797
down €207,797 (-39.7%), from €523,147 to €315,350
of which Distributable reserves: -€355,147
- Debts after one year -€62,865
down €62,865 (-34.9%), from €180,127 to €117,262
- Tax, wage and social debts -€26,193
down €26,193 (-15.8%), from €166,031 to €139,838
of which Taxes: -€20,352
- Gross operating margin -€71,749
down €71,749 (-12.6%), from €567,485 to €495,735
- Taxes -€17,815
down €17,815 (-17.3%), from €103,144 to €85,328
- Depreciation +€12,563
up €12,563 (+56.3%), from €22,311 to €34,874
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 | €945,762 | €1,110,610 | +€164,848 | +17.4% |
| Fixed assets | 21/28 | €264,332 | €233,283 | -€31,049 | -11.7% |
| Intangible fixed assets | 21 | €207,596 | €184,711 | -€22,884 | -11.0% |
| Tangible fixed assets | 22/27 | €56,736 | €44,747 | -€11,989 | -21.1% |
| Furniture and vehicles | 24 | €56,736 | €44,747 | -€11,989 | -21.1% |
| Financial fixed assets | 28 | - | €3,825 | +€3,825 | |
| Current assets | 29/58 | €681,430 | €877,327 | +€195,897 | +28.7% |
| Amounts receivable within one year | 40/41 | €83,451 | €96,356 | +€12,905 | +15.5% |
| Trade receivables | 40 | €82,226 | €67,976 | -€14,250 | -17.3% |
| Other amounts receivable | 41 | €1,225 | €28,380 | +€27,155 | +2216.9% |
| Current investments | 50/53 | €461,000 | €661,000 | +€200,000 | +43.4% |
| Cash at bank and in hand | 54/58 | €136,874 | €119,970 | -€16,904 | -12.3% |
| Deferred charges and accrued income | 490/1 | €105 | €0 | -€105 | -100.0% |
| Total equity and liabilities | 10/49 | €945,762 | €1,110,610 | +€164,848 | +17.4% |
| Equity | 10/15 | €528,147 | €320,350 | -€207,797 | -39.3% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €523,147 | €315,350 | -€207,797 | -39.7% |
| Tax-exempt reserves | 132 | €168,000 | €315,350 | +€147,350 | +87.7% |
| Distributable reserves | 133 | €355,147 | €0 | -€355,147 | -100.0% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €417,615 | €790,260 | +€372,645 | +89.2% |
| Amounts payable after more than one year | 17 | €180,127 | €117,262 | -€62,865 | -34.9% |
| Financial debts | 170/4 | €180,127 | €117,262 | -€62,865 | -34.9% |
| Amounts payable within one year | 42/48 | €237,488 | €672,998 | +€435,510 | +183.4% |
| Current portion of amounts payable after more than one year | 42 | €60,429 | €62,865 | +€2,436 | +4.0% |
| Trade debts | 44 | €10,169 | €429 | -€9,739 | -95.8% |
| Suppliers | 440/4 | €10,169 | €429 | -€9,739 | -95.8% |
| Taxes, remuneration and social security | 45 | €166,031 | €139,838 | -€26,193 | -15.8% |
| Taxes | 450/3 | €143,644 | €123,292 | -€20,352 | -14.2% |
| Remuneration and social security | 454/9 | €22,387 | €16,546 | -€5,841 | -26.1% |
| Other amounts payable | 47/48 | €859 | €469,865 | +€469,006 | +54599.1% |
| Remuneration, social security and pensions | 62 | €105,754 | €106,545 | +€791 | +0.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €22,311 | €34,874 | +€12,563 | +56.3% |
| Other operating charges | 640/8 | €505 | €858 | +€353 | +69.9% |
| Gross operating margin | 9900 | €567,485 | €495,735 | -€71,749 | -12.6% |
| Operating profit (loss) | 9901 | €438,915 | €353,459 | -€85,456 | -19.5% |
| Financial income | 75/76B | €36 | €2,547 | +€2,511 | +6966.4% |
| Recurring financial income | 75 | €36 | €2,547 | +€2,511 | +6966.4% |
| Financial charges | 65/66B | €8,262 | €8,609 | +€347 | +4.2% |
| Recurring financial charges | 65 | €8,262 | €8,609 | +€347 | +4.2% |
| Profit (loss) for the period before taxes | 9903 | €430,689 | €347,397 | -€83,293 | -19.3% |
| Income taxes | 67/77 | €103,144 | €85,328 | -€17,815 | -17.3% |
| Profit (loss) for the period | 9904 | €327,546 | €262,069 | -€65,477 | -20.0% |
| Transfer to tax-exempt reserves | 689 | €168,000 | €147,350 | -€20,650 | -12.3% |
| Profit (loss) for the period to be appropriated | 9905 | €159,546 | €114,719 | -€44,827 | -28.1% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 5 October 2026 via checked.be.