B.V.O.: 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.O.
Largest movements
- Cash -€6,413
down €6,413 (-34.8%), from €18,413 to €11,999
mainly Net result for the year (-€6,539) and Other debts (-€3,667)
- Tangible fixed assets -€3,349
down €3,349 (-50.4%), from €6,639 to €3,290
of which Plant, machinery and equipment: -€3,286
- Receivables within one year -€582
no longer reported in 2025 (was €582)
- Profit (loss) carried forward -€6,539
down €6,539 (-14.3%), from -€45,748 to -€52,287
- Other debts -€3,667
down €3,667 (-5.3%), from €69,265 to €65,598
- Gross operating margin -€2,542
down €2,542, from €63 to -€2,478
- Depreciation -€2,397
down €2,397 (-41.7%), from €5,746 to €3,349
- Other operating charges -€268
down €268 (-43.2%), from €619 to €352
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 | €25,634 | €15,290 | -€10,344 | -40.4% |
| Fixed assets | 21/28 | €6,639 | €3,290 | -€3,349 | -50.4% |
| Tangible fixed assets | 22/27 | €6,639 | €3,290 | -€3,349 | -50.4% |
| Plant, machinery and equipment | 23 | €6,577 | €3,290 | -€3,286 | -50.0% |
| Furniture and vehicles | 24 | €62 | - | -€62 | |
| Current assets | 29/58 | €18,995 | €11,999 | -€6,995 | -36.8% |
| Amounts receivable within one year | 40/41 | €582 | - | -€582 | |
| Other amounts receivable | 41 | €582 | - | -€582 | |
| Cash at bank and in hand | 54/58 | €18,413 | €11,999 | -€6,413 | -34.8% |
| Total equity and liabilities | 10/49 | €25,634 | €15,290 | -€10,344 | -40.4% |
| Equity | 10/15 | -€45,148 | -€51,687 | -€6,539 | -14.5% |
| Contributions | 10/11 | €600 | €600 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€45,748 | -€52,287 | -€6,539 | -14.3% |
| Amounts payable | 17/49 | €70,782 | €66,977 | -€3,805 | -5.4% |
| Amounts payable within one year | 42/48 | €70,782 | €66,977 | -€3,805 | -5.4% |
| Trade debts | 44 | €1,497 | €1,370 | -€127 | -8.5% |
| Suppliers | 440/4 | €1,497 | €1,370 | -€127 | -8.5% |
| Taxes, remuneration and social security | 45 | €20 | €9 | -€11 | -54.4% |
| Taxes | 450/3 | €20 | €9 | -€11 | -54.4% |
| Other amounts payable | 47/48 | €69,265 | €65,598 | -€3,667 | -5.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,746 | €3,349 | -€2,397 | -41.7% |
| Other operating charges | 640/8 | €619 | €352 | -€268 | -43.2% |
| Gross operating margin | 9900 | €63 | -€2,478 | -€2,542 | |
| Operating profit (loss) | 9901 | -€6,302 | -€6,179 | +€123 | +2.0% |
| Financial charges | 65/66B | €150 | €152 | +€2 | +1.3% |
| Recurring financial charges | 65 | €150 | €152 | +€2 | +1.3% |
| Profit (loss) for the period before taxes | 9903 | -€6,452 | -€6,330 | +€121 | +1.9% |
| Income taxes | 67/77 | €220 | €209 | -€11 | -4.9% |
| Profit (loss) for the period | 9904 | -€6,671 | -€6,539 | +€132 | +2.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€6,671 | -€6,539 | +€132 | +2.0% |
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 4 October 2026 via checked.be.