B.V.N.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.N.C.
Largest movements
- Cash +€34,495
up €34,495 (+73.6%), from €46,862 to €81,357
mainly Other debts (+€83,790) and Depreciation (+€44,686)
- Tangible fixed assets +€19,274
up €19,274 (+4.1%), from €467,966 to €487,240
of which Land and buildings: +€36,942
- Other debts +€83,790
up €83,790 (+26.8%), from €312,089 to €395,879
- Profit (loss) carried forward -€49,947
down €49,947 (-136%), from -€36,620 to -€86,568
- Trade debts +€12,029
up €12,029 (+38.7%), from €31,086 to €43,115
- Gross operating margin -€90,242
down €90,242 (-79.2%), from €113,882 to €23,640
- Staff costs -€44,471
down €44,471 (-73.8%), from €60,263 to €15,792
- Depreciation +€4,938
up €4,938 (+12.4%), from €39,748 to €44,686
- Financial income +€1,228
up €1,228 (+1,227,600%), from €0 to €1,228
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.
Derived cash bridge
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 | €614,506 | €655,398 | +€40,891 | +6.7% |
| Fixed assets | 21/28 | €467,966 | €487,240 | +€19,274 | +4.1% |
| Tangible fixed assets | 22/27 | €467,966 | €487,240 | +€19,274 | +4.1% |
| Land and buildings | 22 | €363,562 | €400,504 | +€36,942 | +10.2% |
| Plant, machinery and equipment | 23 | €19,008 | €15,226 | -€3,782 | -19.9% |
| Furniture and vehicles | 24 | €85,397 | €71,510 | -€13,887 | -16.3% |
| Current assets | 29/58 | €146,540 | €168,158 | +€21,617 | +14.8% |
| Stocks and contracts in progress | 3 | €15,276 | €9,821 | -€5,455 | -35.7% |
| Stocks | 30/36 | €15,276 | €9,821 | -€5,455 | -35.7% |
| Amounts receivable within one year | 40/41 | €77,814 | €71,290 | -€6,523 | -8.4% |
| Trade receivables | 40 | €64,970 | €60,674 | -€4,296 | -6.6% |
| Other amounts receivable | 41 | €12,843 | €10,616 | -€2,227 | -17.3% |
| Cash at bank and in hand | 54/58 | €46,862 | €81,357 | +€34,495 | +73.6% |
| Deferred charges and accrued income | 490/1 | €6,589 | €5,689 | -€900 | -13.7% |
| Total equity and liabilities | 10/49 | €614,506 | €655,398 | +€40,891 | +6.7% |
| Equity | 10/15 | €266,351 | €216,404 | -€49,947 | -18.8% |
| Contributions | 10/11 | €61,500 | €61,500 | = | 0.0% |
| Capital | 10 | €61,500 | €61,500 | = | 0.0% |
| Issued capital | 100 | €61,500 | €61,500 | = | 0.0% |
| Reserves | 13 | €241,471 | €241,471 | = | 0.0% |
| Non-distributable reserves | 130/1 | €8,363 | €6,150 | -€2,213 | -26.5% |
| Legal reserve | 130 | €6,150 | €6,150 | = | 0.0% |
| Other | 1319 | €2,213 | - | -€2,213 | |
| Tax-exempt reserves | 132 | - | €2,213 | +€2,213 | |
| Distributable reserves | 133 | €233,108 | €233,108 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€36,620 | -€86,568 | -€49,947 | -136% |
| Amounts payable | 17/49 | €348,155 | €438,994 | +€90,839 | +26.1% |
| Amounts payable within one year | 42/48 | €346,929 | €438,994 | +€92,065 | +26.5% |
| Trade debts | 44 | €31,086 | €43,115 | +€12,029 | +38.7% |
| Suppliers | 440/4 | €31,086 | €43,115 | +€12,029 | +38.7% |
| Taxes, remuneration and social security | 45 | €3,754 | - | -€3,754 | |
| Remuneration and social security | 454/9 | €3,754 | - | -€3,754 | |
| Other amounts payable | 47/48 | €312,089 | €395,879 | +€83,790 | +26.8% |
| Accrued charges and deferred income | 492/3 | €1,227 | - | -€1,227 | |
| Remuneration, social security and pensions | 62 | €60,263 | €15,792 | -€44,471 | -73.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €39,748 | €44,686 | +€4,938 | +12.4% |
| Other operating charges | 640/8 | €10,231 | €9,511 | -€720 | -7.0% |
| Gross operating margin | 9900 | €113,882 | €23,640 | -€90,242 | -79.2% |
| Operating profit (loss) | 9901 | €3,640 | -€46,349 | -€49,989 | |
| Financial income | 75/76B | €0 | €1,228 | +€1,228 | +1,227,600% |
| Recurring financial income | 75 | €0 | €1,228 | +€1,228 | +1,227,600% |
| Financial charges | 65/66B | €4,885 | €4,826 | -€59 | -1.2% |
| Recurring financial charges | 65 | €4,885 | €4,826 | -€59 | -1.2% |
| Profit (loss) for the period before taxes | 9903 | -€1,245 | -€49,947 | -€48,703 | -3,912% |
| Profit (loss) for the period | 9904 | -€1,245 | -€49,947 | -€48,703 | -3,912% |
| Profit (loss) for the period to be appropriated | 9905 | -€1,245 | -€49,947 | -€48,703 | -3,912% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 26 October 2026 via checked.be.