BEVIZION: 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
BEVIZION
NACE 70.200, Business and other management consultancy
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
-€7.1m
2024 · -€1.5m-€5.6m
Equity
€9.3m
2024 · €6.4m+€2.9m
Cash
€371,392
2024 · €199,986+€171,406
Balance sheet total
€22.4m
2024 · €26.4m-€4.0m
Largest movements
Assets
- Financial fixed assets -€2.7m
down €2.7m (-14.1%), from €19.2m to €16.5m
of which Affiliated companies: -€2.7m
- Tangible fixed assets -€891,916
down €891,916 (-15.4%), from €5.8m to €4.9m
- Receivables within one year -€388,806
down €388,806 (-39.0%), from €997,603 to €608,797
of which Trade receivables: -€373,639
Equity and liabilities
- Debts after one year -€6.8m
down €6.8m (-36.3%), from €18.8m to €12.0m
- Contributions +€6.4m
up €6.4m (+75.7%), from €8.5m to €14.9m
- Profit (loss) carried forward -€3.5m
down €3.5m (-167%), from -€2.1m to -€5.7m
Income statement
- Financial charges +€5.6m
up €5.6m (+276%), from €2.0m to €7.6m
of which Non-recurring financial charges: +€5.7m
- Turnover +€1.3m
up €1.3m (+69.9%), from €1.8m to €3.1m
- Services and other goods +€780,523
up €780,523 (+101%), from €771,914 to €1.6m
- Depreciation +€295,097
up €295,097 (+26.0%), from €1.1m to €1.4m
- Financial income -€162,461
down €162,461 (-29.8%), from €545,722 to €383,261
of which Financial income: -€114,955
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
-€1.5m
Turnover
+€1.3m
Other operating income
-€2,600
Services and other goods
-€780,523
Depreciation
-€295,097
Other operating charges
-€81
Other operating items
+€5,000
Financial income
-€162,461
Financial charges
-€5.6m
Result 2025
-€7.1m
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
-€5.3m
Investment
+€2.4m
Financing
+€3.1m
Cash 2024
€199,986
From operations (derived)
-€5.3m
Net result for the year
-€7.1m
Depreciation
+€1.4m
Receivables within one year
+€388,806
Smaller working-capital items
+€36,848
Trade debts
-€45,500
Investment (derived)
+€2.4m
Investment in fixed assets (net)
+€2.4m
Financing
+€3.1m
Debts after one year
-€6.8m
Current portion of long-term debt
-€90,831
Contributions, distributions and other
+€10.0m
Cash 2025
€371,392
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €26,430,780 | €22,387,553 | -€4.0m | -15.3% |
| Formation expenses | 20 | €586 | - | -€586 | |
| Fixed assets | 21/28 | €25,202,336 | €21,400,331 | -€3.8m | -15.1% |
| Intangible fixed assets | 21 | €233,158 | €37,652 | -€195,506 | -83.9% |
| Tangible fixed assets | 22/27 | €5,783,368 | €4,891,452 | -€891,916 | -15.4% |
| Plant, machinery and equipment | 23 | €2,423,069 | €2,138,611 | -€284,458 | -11.7% |
| Furniture and vehicles | 24 | €4,330 | €10,288 | +€5,958 | +138% |
| Leasing and similar rights | 25 | €2,430,517 | €2,179,452 | -€251,065 | -10.3% |
| Assets under construction and advance payments | 27 | €925,452 | €563,101 | -€362,351 | -39.2% |
| Financial fixed assets | 28 | €19,185,810 | €16,471,227 | -€2.7m | -14.1% |
| Affiliated companies | 280/1 | €19,185,809 | €16,471,226 | -€2.7m | -14.1% |
| Participating interests | 280 | €12,381,744 | €13,743,494 | +€1.4m | +11.0% |
| Amounts receivable | 281 | €6,804,065 | €2,727,732 | -€4.1m | -59.9% |
| Other financial fixed assets | 284/8 | €1 | €1 | = | 0.0% |
| Shares | 284 | €1 | €1 | = | 0.0% |
| Current assets | 29/58 | €1,227,858 | €987,222 | -€240,636 | -19.6% |
| Amounts receivable within one year | 40/41 | €997,603 | €608,797 | -€388,806 | -39.0% |
| Trade receivables | 40 | €954,505 | €580,866 | -€373,639 | -39.1% |
| Other amounts receivable | 41 | €43,098 | €27,931 | -€15,167 | -35.2% |
| Cash at bank and in hand | 54/58 | €199,986 | €371,392 | +€171,406 | +85.7% |
| Deferred charges and accrued income | 490/1 | €30,269 | €7,033 | -€23,236 | -76.8% |
| Total equity and liabilities | 10/49 | €26,430,780 | €22,387,553 | -€4.0m | -15.3% |
| Equity | 10/15 | €6,380,474 | €9,271,625 | +€2.9m | +45.3% |
| Contributions | 10/11 | €8,500,000 | €14,930,475 | +€6.4m | +75.7% |
| Capital | 10 | €8,500,000 | €14,930,475 | +€6.4m | +75.7% |
| Issued capital | 100 | €8,500,000 | €14,930,475 | +€6.4m | +75.7% |
| Profit (loss) carried forward | 14 | -€2,119,526 | -€5,658,850 | -€3.5m | -167% |
| Amounts payable | 17/49 | €20,050,306 | €13,115,928 | -€6.9m | -34.6% |
| Amounts payable after more than one year | 17 | €18,774,496 | €11,962,837 | -€6.8m | -36.3% |
| Financial debts | 170/4 | €18,774,496 | €11,962,837 | -€6.8m | -36.3% |
| Leasing and similar obligations | 172 | €2,701,081 | €1,875,682 | -€825,399 | -30.6% |
| Credit institutions | 173 | - | €203,255 | +€203,255 | |
| Other loans | 174 | €16,073,415 | €9,883,900 | -€6.2m | -38.5% |
| Amounts payable within one year | 42/48 | €1,275,423 | €1,152,765 | -€122,658 | -9.6% |
| Current portion of amounts payable after more than one year | 42 | €962,976 | €872,145 | -€90,831 | -9.4% |
| Trade debts | 44 | €312,447 | €266,947 | -€45,500 | -14.6% |
| Suppliers | 440/4 | €312,447 | €266,947 | -€45,500 | -14.6% |
| Taxes, remuneration and social security | 45 | - | €13,673 | +€13,673 | |
| Taxes | 450/3 | - | €13,673 | +€13,673 | |
| Accrued charges and deferred income | 492/3 | €387 | €326 | -€61 | -15.8% |
| Operating income | 70/76A | €1,851,252 | €3,135,849 | +€1.3m | +69.4% |
| Turnover | 70 | €1,833,252 | €3,115,449 | +€1.3m | +69.9% |
| Other operating income | 74 | €18,000 | €15,400 | -€2,600 | -14.4% |
| Non-recurring operating income | 76A | - | €5,000 | +€5,000 | |
| Operating charges | 60/66A | €1,908,812 | €2,984,513 | +€1.1m | +56.4% |
| Services and other goods | 61 | €771,914 | €1,552,437 | +€780,523 | +101% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,135,930 | €1,431,027 | +€295,097 | +26.0% |
| Other operating charges | 640/8 | €968 | €1,049 | +€81 | +8.4% |
| Operating profit (loss) | 9901 | -€57,560 | €151,336 | +€208,896 | |
| Financial income | 75/76B | €545,722 | €383,261 | -€162,461 | -29.8% |
| Recurring financial income | 75 | €405,722 | €290,767 | -€114,955 | -28.3% |
| Income from financial fixed assets | 750 | €405,722 | €290,404 | -€115,318 | -28.4% |
| Other financial income | 752/9 | - | €363 | +€363 | |
| Non-recurring financial income | 76B | €140,000 | €92,494 | -€47,506 | -33.9% |
| Financial charges | 65/66B | €2,032,418 | €7,643,446 | +€5.6m | +276% |
| Recurring financial charges | 65 | €841,292 | €772,082 | -€69,210 | -8.2% |
| Debt charges | 650 | €840,197 | €770,307 | -€69,890 | -8.3% |
| Other financial charges | 652/9 | €1,095 | €1,775 | +€680 | +62.1% |
| Non-recurring financial charges | 66B | €1,191,126 | €6,871,364 | +€5.7m | +477% |
| Profit (loss) for the period before taxes | 9903 | -€1,544,256 | -€7,108,849 | -€5.6m | -360% |
| Profit (loss) for the period | 9904 | -€1,544,256 | -€7,108,849 | -€5.6m | -360% |
| Profit (loss) for the period to be appropriated | 9905 | -€1,544,256 | -€7,108,849 | -€5.6m | -360% |
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 13 October 2026 via checked.be.