B.V.S. DEVELOPMENT: 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.S. DEVELOPMENT
Largest movements
- Cash -€3,317
down €3,317 (-53.6%), from €6,186 to €2,868
mainly Investment in fixed assets (net) (-€9,473) and Net result for the year (-€5,937)
- Tangible fixed assets +€2,077
up €2,077 (+3.8%), from €54,364 to €56,441
of which Plant, machinery and equipment: +€2,532
- Receivables within one year -€1,738
down €1,738 (-93.0%), from €1,870 to €131
of which Trade receivables: -€1,712
- Profit (loss) carried forward -€5,937
down €5,937 (-26.1%), from €22,718 to €16,781
- Other debts +€3,680
up €3,680 (+61.6%), from €5,975 to €9,655
- Trade debts -€1,229
down €1,229 (-93.4%), from €1,316 to €87
- Gross operating margin -€25,539
down €25,539 (-92.6%), from €27,569 to €2,030
- Taxes -€7,662
no longer reported in 2025 (was €7,662)
- Depreciation +€1,551
up €1,551 (+26.5%), from €5,845 to €7,396
- Other operating charges -€481
down €481 (-58.0%), from €829 to €348
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 | €63,283 | €59,915 | -€3,368 | -5.3% |
| Fixed assets | 21/28 | €54,364 | €56,441 | +€2,077 | +3.8% |
| Tangible fixed assets | 22/27 | €54,364 | €56,441 | +€2,077 | +3.8% |
| Plant, machinery and equipment | 23 | €53,035 | €55,567 | +€2,532 | +4.8% |
| Furniture and vehicles | 24 | €1,328 | €874 | -€454 | -34.2% |
| Current assets | 29/58 | €8,919 | €3,474 | -€5,445 | -61.0% |
| Stocks and contracts in progress | 3 | €675 | €475 | -€201 | -29.7% |
| Stocks | 30/36 | €675 | €475 | -€201 | -29.7% |
| Amounts receivable within one year | 40/41 | €1,870 | €131 | -€1,738 | -93.0% |
| Trade receivables | 40 | €1,712 | - | -€1,712 | |
| Other amounts receivable | 41 | €158 | €131 | -€26 | -16.6% |
| Cash at bank and in hand | 54/58 | €6,186 | €2,868 | -€3,317 | -53.6% |
| Deferred charges and accrued income | 490/1 | €189 | - | -€189 | |
| Total equity and liabilities | 10/49 | €63,283 | €59,915 | -€3,368 | -5.3% |
| Equity | 10/15 | €48,330 | €42,394 | -€5,937 | -12.3% |
| Contributions | 10/11 | €12,000 | €12,000 | = | 0.0% |
| Reserves | 13 | €13,612 | €13,612 | = | 0.0% |
| Non-distributable reserves | 130/1 | €523 | €523 | = | 0.0% |
| Reserves not available under the articles | 1311 | €523 | €523 | = | 0.0% |
| Distributable reserves | 133 | €13,089 | €13,089 | = | 0.0% |
| Profit (loss) carried forward | 14 | €22,718 | €16,781 | -€5,937 | -26.1% |
| Amounts payable | 17/49 | €14,953 | €17,522 | +€2,569 | +17.2% |
| Amounts payable within one year | 42/48 | €14,953 | €17,522 | +€2,569 | +17.2% |
| Trade debts | 44 | €1,316 | €87 | -€1,229 | -93.4% |
| Suppliers | 440/4 | €1,316 | €87 | -€1,229 | -93.4% |
| Taxes, remuneration and social security | 45 | €7,662 | €7,779 | +€118 | +1.5% |
| Taxes | 450/3 | €7,662 | €7,779 | +€118 | +1.5% |
| Other amounts payable | 47/48 | €5,975 | €9,655 | +€3,680 | +61.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,845 | €7,396 | +€1,551 | +26.5% |
| Other operating charges | 640/8 | €829 | €348 | -€481 | -58.0% |
| Gross operating margin | 9900 | €27,569 | €2,030 | -€25,539 | -92.6% |
| Operating profit (loss) | 9901 | €20,895 | -€5,714 | -€26,609 | |
| Financial income | 75/76B | - | €28 | +€28 | |
| Recurring financial income | 75 | - | €28 | +€28 | |
| Financial charges | 65/66B | €144 | €251 | +€106 | +73.6% |
| Recurring financial charges | 65 | €144 | €251 | +€106 | +73.6% |
| Profit (loss) for the period before taxes | 9903 | €20,751 | -€5,937 | -€26,687 | |
| Income taxes | 67/77 | €7,662 | - | -€7,662 | |
| Profit (loss) for the period | 9904 | €13,089 | -€5,937 | -€19,026 | |
| Profit (loss) for the period to be appropriated | 9905 | €13,089 | -€5,937 | -€19,026 |
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 29 September 2026 via checked.be.