B.V.J.C.: 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.J.C.
Largest movements
- Cash -€25,543
down €25,543 (-99.4%), from €25,687 to €144
mainly Tax, wage and social debts (-€16,610) and Deferred charges and accrued income (-€13,931)
- Deferred charges and accrued income +€13,931
up €13,931 (+26.4%), from €52,823 to €66,753
- Tax, wage and social debts -€16,610
down €16,610 (-38.1%), from €43,641 to €27,031
of which Taxes: -€11,829
- Trade debts -€12,675
down €12,675 (-74.5%), from €17,012 to €4,337
- Reserves +€11,195
up €11,195 (+5.0%), from €225,940 to €237,135
of which Distributable reserves: +€11,195
- Accrued charges and deferred income +€6,923
up €6,923 (+2563.8%), from €270 to €7,193
- Gross operating margin -€61,899
down €61,899 (-72.3%), from €85,639 to €23,740
- Staff costs -€21,363
down €21,363 (-55.8%), from €38,263 to €16,900
- Taxes -€13,505
down €13,505 (-70.5%), from €19,151 to €5,646
- Write-downs -€6,500
new in 2025: -€6,500
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 | €307,787 | €294,287 | -€13,500 | -4.4% |
| Fixed assets | 21/28 | €1,018 | €0 | -€1,018 | -100.0% |
| Tangible fixed assets | 22/27 | €440 | €0 | -€440 | -100.0% |
| Plant, machinery and equipment | 23 | €440 | €0 | -€440 | -100.0% |
| Financial fixed assets | 28 | €578 | €0 | -€578 | -100.0% |
| Current assets | 29/58 | €306,769 | €294,287 | -€12,482 | -4.1% |
| Stocks and contracts in progress | 3 | €1,834 | €0 | -€1,834 | -100.0% |
| Stocks | 30/36 | €1,834 | €0 | -€1,834 | -100.0% |
| Amounts receivable within one year | 40/41 | €226,425 | €227,390 | +€964 | +0.4% |
| Trade receivables | 40 | €1,000 | €2,416 | +€1,416 | +141.6% |
| Other amounts receivable | 41 | €225,425 | €224,973 | -€452 | -0.2% |
| Cash at bank and in hand | 54/58 | €25,687 | €144 | -€25,543 | -99.4% |
| Deferred charges and accrued income | 490/1 | €52,823 | €66,753 | +€13,931 | +26.4% |
| Total equity and liabilities | 10/49 | €307,787 | €294,287 | -€13,500 | -4.4% |
| Equity | 10/15 | €244,532 | €255,727 | +€11,195 | +4.6% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €225,940 | €237,135 | +€11,195 | +5.0% |
| Non-distributable reserves | 130/1 | €1,859 | €1,859 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,859 | €1,859 | = | 0.0% |
| Distributable reserves | 133 | €224,081 | €235,275 | +€11,195 | +5.0% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €63,256 | €38,561 | -€24,695 | -39.0% |
| Amounts payable within one year | 42/48 | €62,986 | €31,368 | -€31,618 | -50.2% |
| Trade debts | 44 | €17,012 | €4,337 | -€12,675 | -74.5% |
| Suppliers | 440/4 | €17,012 | €4,337 | -€12,675 | -74.5% |
| Taxes, remuneration and social security | 45 | €43,641 | €27,031 | -€16,610 | -38.1% |
| Taxes | 450/3 | €36,607 | €24,778 | -€11,829 | -32.3% |
| Remuneration and social security | 454/9 | €7,034 | €2,253 | -€4,781 | -68.0% |
| Other amounts payable | 47/48 | €2,332 | €0 | -€2,332 | -100.0% |
| Accrued charges and deferred income | 492/3 | €270 | €7,193 | +€6,923 | +2563.8% |
| Remuneration, social security and pensions | 62 | €38,263 | €16,900 | -€21,363 | -55.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €252 | €0 | -€252 | -100.0% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | -€6,500 | -€6,500 | |
| Other operating charges | 640/8 | €844 | €263 | -€581 | -68.8% |
| Non-recurring operating charges | 66A | - | €6,440 | +€6,440 | |
| Gross operating margin | 9900 | €85,639 | €23,740 | -€61,899 | -72.3% |
| Operating profit (loss) | 9901 | €46,280 | €6,637 | -€39,643 | -85.7% |
| Financial income | 75/76B | €12,695 | €12,531 | -€164 | -1.3% |
| Recurring financial income | 75 | €12,695 | €12,531 | -€164 | -1.3% |
| Financial charges | 65/66B | €2,158 | €2,327 | +€170 | +7.9% |
| Recurring financial charges | 65 | €2,158 | €2,327 | +€170 | +7.9% |
| Profit (loss) for the period before taxes | 9903 | €56,817 | €16,840 | -€39,977 | -70.4% |
| Income taxes | 67/77 | €19,151 | €5,646 | -€13,505 | -70.5% |
| Profit (loss) for the period | 9904 | €37,666 | €11,195 | -€26,471 | -70.3% |
| Profit (loss) for the period to be appropriated | 9905 | €37,666 | €11,195 | -€26,471 | -70.3% |
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 11 October 2026 via checked.be.