B.V.M.: 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.M.
Largest movements
- Receivables within one year -€12,771
down €12,771 (-3.7%), from €341,248 to €328,477
of which Trade receivables: -€47,059
- Deferred charges and accrued income +€12,712
up €12,712 (+122.3%), from €10,393 to €23,106
- Current investments -€3,985
no longer reported in 2024 (was €3,985)
- Current portion of long-term debt -€15,000
down €15,000 (-81.8%), from €18,333 to €3,333
- Tax, wage and social debts +€14,279
up €14,279 (+6.8%), from €208,787 to €223,067
of which Taxes: +€18,468
- Trade debts -€10,073
down €10,073 (-14.8%), from €67,830 to €57,757
- Profit (loss) carried forward +€6,950
up €6,950 (+25.5%), from -€27,243 to -€20,293
- Staff costs -€29,041
down €29,041 (-18.4%), from €158,110 to €129,069
- Gross operating margin -€28,648
down €28,648 (-12.6%), from €227,398 to €198,749
- Write-downs +€20,457
new in 2024: €20,457
- Taxes -€9,305
down €9,305 (-54.6%), from €17,049 to €7,744
- Financial charges +€9,136
up €9,136 (+36.5%), from €25,015 to €34,152
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.
Cash bridge derived
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 | €364,433 | €360,589 | -€3,843 | -1.1% |
| Fixed assets | 21/28 | €2,442 | €5,512 | +€3,071 | +125.8% |
| Tangible fixed assets | 22/27 | €2,442 | €5,512 | +€3,071 | +125.8% |
| Furniture and vehicles | 24 | €2,140 | €5,362 | +€3,222 | +150.5% |
| Other tangible fixed assets | 26 | €302 | €151 | -€151 | -50.0% |
| Current assets | 29/58 | €361,991 | €355,077 | -€6,914 | -1.9% |
| Amounts receivable within one year | 40/41 | €341,248 | €328,477 | -€12,771 | -3.7% |
| Trade receivables | 40 | €177,211 | €130,152 | -€47,059 | -26.6% |
| Other amounts receivable | 41 | €164,037 | €198,325 | +€34,288 | +20.9% |
| Current investments | 50/53 | €3,985 | - | -€3,985 | |
| Cash at bank and in hand | 54/58 | €6,365 | €3,494 | -€2,871 | -45.1% |
| Deferred charges and accrued income | 490/1 | €10,393 | €23,106 | +€12,712 | +122.3% |
| Total equity and liabilities | 10/49 | €364,433 | €360,589 | -€3,843 | -1.1% |
| Equity | 10/15 | -€5,518 | €1,432 | +€6,950 | |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €3,125 | €3,125 | = | 0.0% |
| Non-distributable reserves | 130/1 | €2,359 | €2,359 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Other | 1319 | €499 | €499 | = | 0.0% |
| Distributable reserves | 133 | €766 | €766 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€27,243 | -€20,293 | +€6,950 | +25.5% |
| Amounts payable | 17/49 | €369,951 | €359,158 | -€10,793 | -2.9% |
| Amounts payable after more than one year | 17 | €75,000 | €75,000 | = | 0.0% |
| Financial debts | 170/4 | €75,000 | €75,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €294,951 | €284,158 | -€10,793 | -3.7% |
| Current portion of amounts payable after more than one year | 42 | €18,333 | €3,333 | -€15,000 | -81.8% |
| Trade debts | 44 | €67,830 | €57,757 | -€10,073 | -14.8% |
| Suppliers | 440/4 | €67,830 | €57,757 | -€10,073 | -14.8% |
| Taxes, remuneration and social security | 45 | €208,787 | €223,067 | +€14,279 | +6.8% |
| Taxes | 450/3 | €177,200 | €195,668 | +€18,468 | +10.4% |
| Remuneration and social security | 454/9 | €31,588 | €27,399 | -€4,189 | -13.3% |
| Non-recurring operating income | 76A | €2,921 | - | -€2,921 | |
| Remuneration, social security and pensions | 62 | €158,110 | €129,069 | -€29,041 | -18.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,474 | €1,514 | -€960 | -38.8% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €20,457 | +€20,457 | |
| Other operating charges | 640/8 | €4,916 | €3,516 | -€1,400 | -28.5% |
| Non-recurring operating charges | 66A | €430 | €550 | +€120 | +27.9% |
| Gross operating margin | 9900 | €227,398 | €198,749 | -€28,648 | -12.6% |
| Operating profit (loss) | 9901 | €61,468 | €43,644 | -€17,824 | -29.0% |
| Financial income | 75/76B | €2,533 | €5,202 | +€2,669 | +105.4% |
| Recurring financial income | 75 | €2,533 | €5,202 | +€2,669 | +105.4% |
| Financial charges | 65/66B | €25,015 | €34,152 | +€9,136 | +36.5% |
| Recurring financial charges | 65 | €25,015 | €34,152 | +€9,136 | +36.5% |
| Profit (loss) for the period before taxes | 9903 | €38,985 | €14,694 | -€24,291 | -62.3% |
| Income taxes | 67/77 | €17,049 | €7,744 | -€9,305 | -54.6% |
| Profit (loss) for the period | 9904 | €21,936 | €6,950 | -€14,986 | -68.3% |
| Profit (loss) for the period to be appropriated | 9905 | €21,936 | €6,950 | -€14,986 | -68.3% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.