B.V.S.: 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.
What changed
B.V.S.
NACE 70.200, Business and other management consultancy
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
-€16,573
2024 · -€42,151+€25,578
Equity
€1.3m
2024 · €1.3m-€16,573
Cash
€33
2024 · €240-€207
Balance sheet total
€1.8m
2024 · €1.7m+€82,227
Largest movements
Assets
- Tangible fixed assets +€82,434
up €82,434 (+5.2%), from €1.6m to €1.7m
of which Land and buildings: +€83,957
Equity and liabilities
- Other debts +€114,691
up €114,691 (+174%), from €65,732 to €180,423
Income statement
- Gross operating margin +€27,569
up €27,569 (+1,212%), from €2,274 to €29,843
- Depreciation +€9,038
up €9,038 (+25.8%), from €35,068 to €44,106
- Other operating charges -€8,933
down €8,933 (-67.4%), from €13,249 to €4,316
- Financial income -€1,919
down €1,919 (-86.3%), from €2,225 to €306
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.
Result 2024
-€42,151
Gross operating margin
+€27,569
Depreciation
-€9,038
Other operating charges
+€8,933
Financial income
-€1,919
Financial charges
+€0
Taxes
-€4
Deferred taxes and other
+€37
Result 2025
-€16,573
raises the resultlowers the resultnot broken down further in the accounts
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.
From operations
+€131,333
Investment
-€126,541
Financing
-€5,000
Cash 2024
€240
From operations (derived)
+€131,333
Net result for the year
-€16,573
Depreciation
+€44,106
Provisions
-€2,288
Trade debts
-€8,582
Tax, wage and social debts
-€21
Other debts
+€114,691
Investment (derived)
-€126,541
Investment in fixed assets (net)
-€126,540
Current investments
-€1
Financing
-€5,000
Debts after one year
-€5,000
Cash 2025
€33
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,674,323 | €1,756,550 | +€82,227 | +4.9% |
| Fixed assets | 21/28 | €1,570,419 | €1,652,853 | +€82,434 | +5.2% |
| Tangible fixed assets | 22/27 | €1,570,419 | €1,652,853 | +€82,434 | +5.2% |
| Land and buildings | 22 | €1,568,216 | €1,652,173 | +€83,957 | +5.4% |
| Plant, machinery and equipment | 23 | €2,203 | €680 | -€1,523 | -69.1% |
| Furniture and vehicles | 24 | €0 | €0 | = | 0.0% |
| Current assets | 29/58 | €103,904 | €103,697 | -€207 | -0.2% |
| Current investments | 50/53 | €103,663 | €103,664 | +€1 | 0.0% |
| Cash at bank and in hand | 54/58 | €240 | €33 | -€207 | -86.4% |
| Total equity and liabilities | 10/49 | €1,674,323 | €1,756,550 | +€82,227 | +4.9% |
| Equity | 10/15 | €1,286,014 | €1,269,441 | -€16,573 | -1.3% |
| Contributions | 10/11 | €18,652 | €18,652 | = | 0.0% |
| Reserves | 13 | €102,265 | €96,619 | -€5,646 | -5.5% |
| Tax-exempt reserves | 132 | €100,406 | €94,760 | -€5,646 | -5.6% |
| Distributable reserves | 133 | €1,859 | €1,859 | = | 0.0% |
| Profit (loss) carried forward | 14 | €1,165,097 | €1,154,169 | -€10,927 | -0.9% |
| Provisions and deferred taxes | 16 | €39,966 | €37,678 | -€2,288 | -5.7% |
| Deferred taxes | 168 | €39,966 | €37,678 | -€2,288 | -5.7% |
| Amounts payable | 17/49 | €348,343 | €449,432 | +€101,088 | +29.0% |
| Amounts payable after more than one year | 17 | €236,938 | €231,938 | -€5,000 | -2.1% |
| Financial debts | 170/4 | €236,938 | €231,938 | -€5,000 | -2.1% |
| Amounts payable within one year | 42/48 | €86,618 | €192,706 | +€106,088 | +122% |
| Trade debts | 44 | €19,804 | €11,222 | -€8,582 | -43.3% |
| Suppliers | 440/4 | €19,804 | €11,222 | -€8,582 | -43.3% |
| Taxes, remuneration and social security | 45 | €1,081 | €1,061 | -€21 | -1.9% |
| Taxes | 450/3 | €1,081 | €1,061 | -€21 | -1.9% |
| Other amounts payable | 47/48 | €65,732 | €180,423 | +€114,691 | +174% |
| Accrued charges and deferred income | 492/3 | €24,787 | €24,787 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €35,068 | €44,106 | +€9,038 | +25.8% |
| Other operating charges | 640/8 | €13,249 | €4,316 | -€8,933 | -67.4% |
| Gross operating margin | 9900 | €2,274 | €29,843 | +€27,569 | +1,212% |
| Operating profit (loss) | 9901 | -€46,043 | -€18,580 | +€27,463 | +59.6% |
| Financial income | 75/76B | €2,225 | €306 | -€1,919 | -86.3% |
| Recurring financial income | 75 | €2,225 | €306 | -€1,919 | -86.3% |
| Financial charges | 65/66B | €55 | €55 | -€0 | -0.8% |
| Recurring financial charges | 65 | €55 | €55 | -€0 | -0.8% |
| Profit (loss) for the period before taxes | 9903 | -€43,873 | -€18,329 | +€25,545 | +58.2% |
| Transfer from deferred taxes | 780 | €2,251 | €2,288 | +€37 | +1.6% |
| Income taxes | 67/77 | €529 | €532 | +€4 | +0.7% |
| Profit (loss) for the period | 9904 | -€42,151 | -€16,573 | +€25,578 | +60.7% |
| Transfer from tax-exempt reserves | 789 | €5,535 | €5,646 | +€111 | +2.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€36,616 | -€10,927 | +€25,689 | +70.2% |
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 15 October 2026 via checked.be.