B.V.L.: 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.L.
Largest movements
- Current investments -€94,395
down €94,395 (-99.9%), from €94,488 to €93
- Tangible fixed assets -€35,707
down €35,707 (-12.0%), from €296,738 to €261,032
- Cash -€14,128
no longer reported in 2024 (was €14,128)
mainly Net result for the year (-€89,489) and Debts after one year (-€60,000)
- Reserves -€89,489
down €89,489 (-10.0%), from €894,384 to €804,895
of which Distributable reserves: -€89,489
- Debts after one year -€60,000
down €60,000 (-33.3%), from €180,000 to €120,000
- Gross operating margin -€128,816
down €128,816, from €86,730 to -€42,086
- Financial charges +€25,082
up €25,082 (+260%), from €9,658 to €34,740
- Taxes -€16,343
no longer reported in 2024 (was €16,343)
- Financial income -€16,124
down €16,124 (-58.2%), from €27,692 to €11,569
of which Financial income: -€18,230
- Depreciation -€5,220
down €5,220 (-20.2%), from €25,882 to €20,662
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,210,688 | €1,066,660 | -€144,027 | -11.9% |
| Fixed assets | 21/28 | €782,966 | €747,259 | -€35,707 | -4.6% |
| Tangible fixed assets | 22/27 | €296,738 | €261,032 | -€35,707 | -12.0% |
| Land and buildings | 22 | €243,005 | €231,626 | -€11,380 | -4.7% |
| Furniture and vehicles | 24 | €16,340 | €157 | -€16,183 | -99.0% |
| Other tangible fixed assets | 26 | €37,393 | €29,249 | -€8,145 | -21.8% |
| Financial fixed assets | 28 | €486,227 | €486,227 | = | 0.0% |
| Current assets | 29/58 | €427,722 | €319,401 | -€108,321 | -25.3% |
| Amounts receivable after more than one year | 29 | €300,000 | €300,000 | = | 0.0% |
| Other amounts receivable | 291 | €300,000 | €300,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €19,106 | €19,308 | +€202 | +1.1% |
| Other amounts receivable | 41 | €19,106 | €19,308 | +€202 | +1.1% |
| Current investments | 50/53 | €94,488 | €93 | -€94,395 | -99.9% |
| Cash at bank and in hand | 54/58 | €14,128 | - | -€14,128 | |
| Total equity and liabilities | 10/49 | €1,210,688 | €1,066,660 | -€144,027 | -11.9% |
| Equity | 10/15 | €901,821 | €812,332 | -€89,489 | -9.9% |
| Contributions | 10/11 | €7,437 | €7,437 | = | 0.0% |
| Reserves | 13 | €894,384 | €804,895 | -€89,489 | -10.0% |
| Non-distributable reserves | 130/1 | €9,542 | €9,542 | = | 0.0% |
| Reserves not available under the articles | 1311 | €9,542 | €9,542 | = | 0.0% |
| Distributable reserves | 133 | €884,842 | €795,353 | -€89,489 | -10.1% |
| Amounts payable | 17/49 | €308,867 | €254,328 | -€54,539 | -17.7% |
| Amounts payable after more than one year | 17 | €180,000 | €120,000 | -€60,000 | -33.3% |
| Financial debts | 170/4 | €180,000 | €120,000 | -€60,000 | -33.3% |
| Amounts payable within one year | 42/48 | €128,802 | €134,263 | +€5,461 | +4.2% |
| Current portion of amounts payable after more than one year | 42 | €60,000 | €60,000 | = | 0.0% |
| Financial debts | 43 | - | €3,442 | +€3,442 | |
| Credit institutions | 430/8 | - | €3,442 | +€3,442 | |
| Trade debts | 44 | €6,144 | €7,930 | +€1,786 | +29.1% |
| Suppliers | 440/4 | €6,144 | €7,930 | +€1,786 | +29.1% |
| Other amounts payable | 47/48 | €62,657 | €62,891 | +€234 | +0.4% |
| Accrued charges and deferred income | 492/3 | €65 | €65 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €25,882 | €20,662 | -€5,220 | -20.2% |
| Other operating charges | 640/8 | €3,512 | €3,570 | +€58 | +1.6% |
| Gross operating margin | 9900 | €86,730 | -€42,086 | -€128,816 | |
| Operating profit (loss) | 9901 | €57,336 | -€66,318 | -€123,654 | |
| Financial income | 75/76B | €27,692 | €11,569 | -€16,124 | -58.2% |
| Recurring financial income | 75 | €27,692 | €9,462 | -€18,230 | -65.8% |
| Non-recurring financial income | 76B | - | €2,106 | +€2,106 | |
| Financial charges | 65/66B | €9,658 | €34,740 | +€25,082 | +260% |
| Recurring financial charges | 65 | €9,658 | €34,740 | +€25,082 | +260% |
| Profit (loss) for the period before taxes | 9903 | €75,370 | -€89,489 | -€164,859 | |
| Income taxes | 67/77 | €16,343 | - | -€16,343 | |
| Profit (loss) for the period | 9904 | €59,027 | -€89,489 | -€148,516 | |
| Profit (loss) for the period to be appropriated | 9905 | €59,027 | -€89,489 | -€148,516 |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 24 October 2026 via checked.be.