BDVC: 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.
BDVC
Largest movements
- Receivables within one year +€284,839
up €284,839 (+97.4%), from €292,376 to €577,215
of which Other amounts receivable: +€316,378
- Cash +€213,125
up €213,125 (+508.8%), from €41,886 to €255,011
mainly Other debts (+€216,579) and Net result for the year (+€166,450)
- Tangible fixed assets -€158,567
down €158,567 (-92.1%), from €172,110 to €13,543
of which Land and buildings: -€164,277
- Other debts +€216,579
up €216,579 (+207.1%), from €104,590 to €321,169
- Reserves +€163,025
up €163,025 (+27.0%), from €603,718 to €766,744
of which Distributable reserves: +€95,665
- Advances received -€30,000
no longer reported in 2024 (was €30,000)
- Gross operating margin +€246,563
up €246,563, from -€15,770 to €230,793
- Taxes +€52,259
up €52,259 (+3910.1%), from €1,337 to €53,595
- Depreciation -€22,870
down €22,870 (-87.8%), from €26,034 to €3,164
- Financial charges +€10,490
up €10,490 (+97.4%), from €10,772 to €21,262
- Financial income +€7,735
up €7,735 (+61.9%), from €12,500 to €20,235
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 | €933,819 | €1,289,792 | +€355,972 | +38.1% |
| Fixed assets | 21/28 | €172,110 | €13,543 | -€158,567 | -92.1% |
| Tangible fixed assets | 22/27 | €172,110 | €13,543 | -€158,567 | -92.1% |
| Land and buildings | 22 | €164,277 | - | -€164,277 | |
| Plant, machinery and equipment | 23 | €833 | €7,648 | +€6,815 | +817.8% |
| Furniture and vehicles | 24 | €6,999 | €5,895 | -€1,105 | -15.8% |
| Current assets | 29/58 | €761,709 | €1,276,249 | +€514,540 | +67.6% |
| Amounts receivable after more than one year | 29 | €60,138 | €64,338 | +€4,200 | +7.0% |
| Other amounts receivable | 291 | €60,138 | €64,338 | +€4,200 | +7.0% |
| Stocks and contracts in progress | 3 | €365,568 | €377,973 | +€12,405 | +3.4% |
| Stocks | 30/36 | €365,568 | €377,973 | +€12,405 | +3.4% |
| Amounts receivable within one year | 40/41 | €292,376 | €577,215 | +€284,839 | +97.4% |
| Trade receivables | 40 | €41,721 | €10,181 | -€31,539 | -75.6% |
| Other amounts receivable | 41 | €250,655 | €567,033 | +€316,378 | +126.2% |
| Cash at bank and in hand | 54/58 | €41,886 | €255,011 | +€213,125 | +508.8% |
| Deferred charges and accrued income | 490/1 | €1,741 | €1,713 | -€28 | -1.6% |
| Total equity and liabilities | 10/49 | €933,819 | €1,289,792 | +€355,972 | +38.1% |
| Equity | 10/15 | €616,937 | €782,554 | +€165,617 | +26.8% |
| Contributions | 10/11 | €15,810 | €15,810 | = | 0.0% |
| Reserves | 13 | €603,718 | €766,744 | +€163,025 | +27.0% |
| Tax-exempt reserves | 132 | €84,200 | €151,560 | +€67,360 | +80.0% |
| Distributable reserves | 133 | €519,518 | €615,184 | +€95,665 | +18.4% |
| Profit (loss) carried forward | 14 | -€2,591 | - | +€2,591 | |
| Amounts payable | 17/49 | €316,882 | €507,238 | +€190,356 | +60.1% |
| Amounts payable after more than one year | 17 | €157,500 | €157,500 | = | 0.0% |
| Financial debts | 170/4 | €157,500 | €157,500 | = | 0.0% |
| Amounts payable within one year | 42/48 | €146,988 | €334,735 | +€187,747 | +127.7% |
| Trade debts | 44 | €2,556 | €549 | -€2,007 | -78.5% |
| Suppliers | 440/4 | €2,556 | €549 | -€2,007 | -78.5% |
| Advances received on contracts in progress | 46 | €30,000 | - | -€30,000 | |
| Taxes, remuneration and social security | 45 | €9,843 | €13,017 | +€3,174 | +32.2% |
| Taxes | 450/3 | €9,843 | €13,017 | +€3,174 | +32.2% |
| Other amounts payable | 47/48 | €104,590 | €321,169 | +€216,579 | +207.1% |
| Accrued charges and deferred income | 492/3 | €12,394 | €15,003 | +€2,609 | +21.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €26,034 | €3,164 | -€22,870 | -87.8% |
| Other operating charges | 640/8 | €5,235 | €6,231 | +€996 | +19.0% |
| Non-recurring operating charges | 66A | €53 | €327 | +€274 | +517.6% |
| Gross operating margin | 9900 | -€15,770 | €230,793 | +€246,563 | |
| Operating profit (loss) | 9901 | -€47,092 | €221,071 | +€268,163 | |
| Financial income | 75/76B | €12,500 | €20,235 | +€7,735 | +61.9% |
| Recurring financial income | 75 | €12,500 | €20,235 | +€7,735 | +61.9% |
| Financial charges | 65/66B | €10,772 | €21,262 | +€10,490 | +97.4% |
| Recurring financial charges | 65 | €10,772 | €21,262 | +€10,490 | +97.4% |
| Profit (loss) for the period before taxes | 9903 | -€45,364 | €220,045 | +€265,409 | |
| Income taxes | 67/77 | €1,337 | €53,595 | +€52,259 | +3910.1% |
| Profit (loss) for the period | 9904 | -€46,700 | €166,450 | +€213,150 | |
| Transfer to tax-exempt reserves | 689 | - | €67,360 | +€67,360 | |
| Profit (loss) for the period to be appropriated | 9905 | -€46,700 | €99,090 | +€145,790 |
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 28 September 2026 via checked.be.