B-VEST: 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-VEST
Largest movements
- Current investments -€276,613
down €276,613 (-13.4%), from €2.1m to €1.8m
- Receivables within one year +€266,827
up €266,827 (+11.4%), from €2.3m to €2.6m
of which Other amounts receivable: +€266,827
No liability line moved by more than 1% of the balance sheet total.
- Financial income -€81,708
down €81,708 (-32.2%), from €253,582 to €171,874
- Gross operating margin +€35,405
up €35,405 (+63.6%), from -€55,628 to -€20,224
- Financial charges -€33,688
down €33,688, from €17,760 to -€15,928
- Taxes +€7,437
up €7,437 (+197.1%), from €3,772 to €11,209
- Other operating charges -€5,413
down €5,413 (-5.0%), from €107,841 to €102,428
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €5,725,472 | €5,780,447 | +€54,975 | +1.0% |
| Fixed assets | 21/28 | €1,319,909 | €1,336,820 | +€16,911 | +1.3% |
| Tangible fixed assets | 22/27 | €177,500 | €194,411 | +€16,911 | +9.5% |
| Other tangible fixed assets | 26 | €177,500 | €194,411 | +€16,911 | +9.5% |
| Financial fixed assets | 28 | €1,142,409 | €1,142,409 | = | 0.0% |
| Current assets | 29/58 | €4,405,563 | €4,443,627 | +€38,064 | +0.9% |
| Amounts receivable within one year | 40/41 | €2,330,580 | €2,597,407 | +€266,827 | +11.4% |
| Trade receivables | 40 | €59,123 | €59,123 | = | 0.0% |
| Other amounts receivable | 41 | €2,271,457 | €2,538,284 | +€266,827 | +11.7% |
| Current investments | 50/53 | €2,066,234 | €1,789,621 | -€276,613 | -13.4% |
| Cash at bank and in hand | 54/58 | €8,749 | €56,598 | +€47,850 | +546.9% |
| Total equity and liabilities | 10/49 | €5,725,472 | €5,780,447 | +€54,975 | +1.0% |
| Equity | 10/15 | €5,713,884 | €5,767,826 | +€53,942 | +0.9% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €5,699,624 | €5,753,566 | +€53,942 | +0.9% |
| Amounts payable | 17/49 | €11,589 | €12,622 | +€1,033 | +8.9% |
| Amounts payable within one year | 42/48 | €11,589 | €12,622 | +€1,033 | +8.9% |
| Trade debts | 44 | €11,589 | €12,622 | +€1,033 | +8.9% |
| Suppliers | 440/4 | €11,589 | €12,622 | +€1,033 | +8.9% |
| Other operating charges | 640/8 | €107,841 | €102,428 | -€5,413 | -5.0% |
| Gross operating margin | 9900 | -€55,628 | -€20,224 | +€35,405 | +63.6% |
| Operating profit (loss) | 9901 | -€163,469 | -€122,651 | +€40,818 | +25.0% |
| Financial income | 75/76B | €253,582 | €171,874 | -€81,708 | -32.2% |
| Recurring financial income | 75 | €253,582 | €171,874 | -€81,708 | -32.2% |
| Financial charges | 65/66B | €17,760 | -€15,928 | -€33,688 | |
| Recurring financial charges | 65 | €17,760 | -€15,928 | -€33,688 | |
| Profit (loss) for the period before taxes | 9903 | €72,353 | €65,151 | -€7,203 | -10.0% |
| Income taxes | 67/77 | €3,772 | €11,209 | +€7,437 | +197.1% |
| Profit (loss) for the period | 9904 | €68,581 | €53,942 | -€14,639 | -21.3% |
| Profit (loss) for the period to be appropriated | 9905 | €68,581 | €53,942 | -€14,639 | -21.3% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.