B.V-Works: 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-Works
Largest movements
- Tangible fixed assets +€37,296
new in 2025: €37,296
of which Furniture and vehicles: +€34,306
- Receivables within one year +€23,714
up €23,714 (+366%), from €6,474 to €30,188
of which Trade receivables: +€19,320
- Cash +€1,381
up €1,381 (+16.7%), from €8,267 to €9,647
mainly Other debts (+€24,042) and Debts after one year (+€18,080)
- Other debts +€24,042
up €24,042 (+2,111%), from €1,139 to €25,181
- Debts after one year +€18,080
new in 2025: €18,080
- Trade debts +€14,420
up €14,420 (+363%), from €3,968 to €18,389
- Current portion of long-term debt +€4,573
new in 2025: €4,573
- Profit (loss) carried forward +€818
up €818 (+11.6%), from €7,026 to €7,844
- Depreciation +€4,565
new in 2025: €4,565
- Financial charges +€3,213
up €3,213 (+18,371%), from €17 to €3,231
- Taxes -€2,250
no longer reported in 2025 (was €2,250)
- Gross operating margin -€1,489
down €1,489 (-14.6%), from €10,190 to €8,701
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 | €14,741 | €77,131 | +€62,391 | +423% |
| Fixed assets | 21/28 | - | €37,296 | +€37,296 | |
| Tangible fixed assets | 22/27 | - | €37,296 | +€37,296 | |
| Plant, machinery and equipment | 23 | - | €2,990 | +€2,990 | |
| Furniture and vehicles | 24 | - | €34,306 | +€34,306 | |
| Current assets | 29/58 | €14,741 | €39,835 | +€25,095 | +170% |
| Amounts receivable within one year | 40/41 | €6,474 | €30,188 | +€23,714 | +366% |
| Trade receivables | 40 | €4,486 | €23,807 | +€19,320 | +431% |
| Other amounts receivable | 41 | €1,987 | €6,381 | +€4,394 | +221% |
| Cash at bank and in hand | 54/58 | €8,267 | €9,647 | +€1,381 | +16.7% |
| Total equity and liabilities | 10/49 | €14,741 | €77,131 | +€62,391 | +423% |
| Equity | 10/15 | €7,126 | €7,944 | +€818 | +11.5% |
| Contributions | 10/11 | €100 | €100 | = | 0.0% |
| Profit (loss) carried forward | 14 | €7,026 | €7,844 | +€818 | +11.6% |
| Amounts payable | 17/49 | €7,615 | €69,187 | +€61,573 | +809% |
| Amounts payable after more than one year | 17 | - | €18,080 | +€18,080 | |
| Financial debts | 170/4 | - | €18,080 | +€18,080 | |
| Amounts payable within one year | 42/48 | €7,615 | €51,107 | +€43,492 | +571% |
| Current portion of amounts payable after more than one year | 42 | - | €4,573 | +€4,573 | |
| Trade debts | 44 | €3,968 | €18,389 | +€14,420 | +363% |
| Suppliers | 440/4 | €3,968 | €18,389 | +€14,420 | +363% |
| Taxes, remuneration and social security | 45 | €2,508 | €2,964 | +€456 | +18.2% |
| Taxes | 450/3 | €2,508 | €2,964 | +€456 | +18.2% |
| Other amounts payable | 47/48 | €1,139 | €25,181 | +€24,042 | +2,111% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €4,565 | +€4,565 | |
| Other operating charges | 640/8 | €53 | €115 | +€62 | +117% |
| Gross operating margin | 9900 | €10,190 | €8,701 | -€1,489 | -14.6% |
| Operating profit (loss) | 9901 | €10,137 | €4,021 | -€6,116 | -60.3% |
| Financial income | 75/76B | €15 | €28 | +€13 | +84.1% |
| Recurring financial income | 75 | €15 | €28 | +€13 | +84.1% |
| Financial charges | 65/66B | €17 | €3,231 | +€3,213 | +18,371% |
| Recurring financial charges | 65 | €17 | €3,231 | +€3,213 | +18,371% |
| Profit (loss) for the period before taxes | 9903 | €10,135 | €818 | -€9,317 | -91.9% |
| Income taxes | 67/77 | €2,250 | - | -€2,250 | |
| Profit (loss) for the period | 9904 | €7,885 | €818 | -€7,067 | -89.6% |
| Profit (loss) for the period to be appropriated | 9905 | €7,885 | €818 | -€7,067 | -89.6% |
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 20 October 2026 via checked.be.