B & V RECOVERY: 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 RECOVERY
Largest movements
- Tangible fixed assets +€82,199
up €82,199 (+14.0%), from €587,505 to €669,705
of which Furniture and vehicles: +€69,408
- Receivables within one year -€16,413
down €16,413 (-12.7%), from €129,575 to €113,162
of which Other amounts receivable: -€59,540
- Debts after one year +€55,424
up €55,424 (+83.1%), from €66,667 to €122,091
- Current portion of long-term debt +€45,861
up €45,861 (+229%), from €20,000 to €65,861
- Profit (loss) carried forward -€25,858
down €25,858 (-25.9%), from €99,667 to €73,809
- Gross operating margin -€100,381
down €100,381 (-33.2%), from €302,166 to €201,784
- Depreciation +€32,541
up €32,541 (+22.0%), from €147,905 to €180,445
- Taxes -€28,899
down €28,899 (-100%), from €28,899 to €0
- Staff costs +€18,184
up €18,184 (+532%), from €3,415 to €21,600
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 | €823,294 | €900,208 | +€76,914 | +9.3% |
| Fixed assets | 21/28 | €605,353 | €690,340 | +€84,987 | +14.0% |
| Intangible fixed assets | 21 | €8,712 | €6,500 | -€2,213 | -25.4% |
| Tangible fixed assets | 22/27 | €587,505 | €669,705 | +€82,199 | +14.0% |
| Plant, machinery and equipment | 23 | - | €12,791 | +€12,791 | |
| Furniture and vehicles | 24 | €587,505 | €656,914 | +€69,408 | +11.8% |
| Financial fixed assets | 28 | €9,135 | €14,135 | +€5,000 | +54.7% |
| Current assets | 29/58 | €217,941 | €209,868 | -€8,073 | -3.7% |
| Amounts receivable within one year | 40/41 | €129,575 | €113,162 | -€16,413 | -12.7% |
| Trade receivables | 40 | €33,824 | €76,950 | +€43,126 | +128% |
| Other amounts receivable | 41 | €95,751 | €36,211 | -€59,540 | -62.2% |
| Cash at bank and in hand | 54/58 | €73,636 | €80,913 | +€7,277 | +9.9% |
| Deferred charges and accrued income | 490/1 | €14,730 | €15,793 | +€1,063 | +7.2% |
| Total equity and liabilities | 10/49 | €823,294 | €900,208 | +€76,914 | +9.3% |
| Equity | 10/15 | €399,667 | €373,809 | -€25,858 | -6.5% |
| Contributions | 10/11 | €300,000 | €300,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €99,667 | €73,809 | -€25,858 | -25.9% |
| Amounts payable | 17/49 | €423,627 | €526,399 | +€102,772 | +24.3% |
| Amounts payable after more than one year | 17 | €66,667 | €122,091 | +€55,424 | +83.1% |
| Financial debts | 170/4 | €66,667 | €122,091 | +€55,424 | +83.1% |
| Amounts payable within one year | 42/48 | €356,938 | €404,239 | +€47,301 | +13.3% |
| Current portion of amounts payable after more than one year | 42 | €20,000 | €65,861 | +€45,861 | +229% |
| Trade debts | 44 | €22,563 | €14,108 | -€8,454 | -37.5% |
| Suppliers | 440/4 | €22,563 | €14,108 | -€8,454 | -37.5% |
| Taxes, remuneration and social security | 45 | €28,899 | €33,560 | +€4,660 | +16.1% |
| Taxes | 450/3 | €28,899 | €29,418 | +€518 | +1.8% |
| Remuneration and social security | 454/9 | - | €4,142 | +€4,142 | |
| Other amounts payable | 47/48 | €285,476 | €290,710 | +€5,235 | +1.8% |
| Accrued charges and deferred income | 492/3 | €22 | €68 | +€46 | +211% |
| Remuneration, social security and pensions | 62 | €3,415 | €21,600 | +€18,184 | +532% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €147,905 | €180,445 | +€32,541 | +22.0% |
| Other operating charges | 640/8 | €14,829 | €16,202 | +€1,373 | +9.3% |
| Gross operating margin | 9900 | €302,166 | €201,784 | -€100,381 | -33.2% |
| Operating profit (loss) | 9901 | €136,017 | -€16,463 | -€152,479 | |
| Financial income | 75/76B | €1,091 | €783 | -€307 | -28.2% |
| Recurring financial income | 75 | €1,091 | €783 | -€307 | -28.2% |
| Financial charges | 65/66B | €8,541 | €10,178 | +€1,637 | +19.2% |
| Recurring financial charges | 65 | €8,541 | €10,178 | +€1,637 | +19.2% |
| Profit (loss) for the period before taxes | 9903 | €128,566 | -€25,858 | -€154,424 | |
| Income taxes | 67/77 | €28,899 | €0 | -€28,899 | -100% |
| Profit (loss) for the period | 9904 | €99,667 | -€25,858 | -€125,525 | |
| Profit (loss) for the period to be appropriated | 9905 | €99,667 | -€25,858 | -€125,525 |
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 24 October 2026 via checked.be.