BKV & CO: 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.
BKV & CO
Largest movements
- Receivables within one year +€92,824
up €92,824 (+26.2%), from €354,223 to €447,048
of which Trade receivables: +€188,622
- Receivables after one year +€85,000
new in 2025: €85,000
- Tangible fixed assets -€78,552
down €78,552 (-14.5%), from €543,181 to €464,629
of which Leasing and similar rights: -€55,232
- Financial fixed assets +€31,000
up €31,000 (+93.9%), from €33,000 to €64,000
- Cash +€25,209
up €25,209 (+45.8%), from €55,063 to €80,273
mainly Tax, wage and social debts (+€301,512) and Depreciation (+€106,952)
- Tax, wage and social debts +€301,512
up €301,512 (+146%), from €205,925 to €507,437
of which Remuneration and social security: +€199,410
- Trade debts -€134,341
down €134,341 (-52.1%), from €257,671 to €123,330
- Current portion of long-term debt -€94,037
down €94,037 (-62.9%), from €149,500 to €55,463
- Profit (loss) carried forward +€76,048
up €76,048, from -€23,876 to €52,172
- Debts after one year +€15,996
up €15,996 (+4.4%), from €365,592 to €381,588
of which Other amounts payable: +€49,000
- Gross operating margin +€145,637
up €145,637 (+19.8%), from €734,307 to €879,945
- Turnover +€59,827
up €59,827 (+3.3%), from €1.8m to €1.9m
- Staff costs -€53,628
down €53,628 (-7.9%), from €676,160 to €622,533
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 | €985,468 | €1,140,949 | +€155,481 | +15.8% |
| Fixed assets | 21/28 | €576,181 | €528,629 | -€47,552 | -8.3% |
| Tangible fixed assets | 22/27 | €543,181 | €464,629 | -€78,552 | -14.5% |
| Land and buildings | 22 | €369,102 | €348,501 | -€20,601 | -5.6% |
| Furniture and vehicles | 24 | €70,018 | €67,300 | -€2,719 | -3.9% |
| Leasing and similar rights | 25 | €104,060 | €48,828 | -€55,232 | -53.1% |
| Financial fixed assets | 28 | €33,000 | €64,000 | +€31,000 | +93.9% |
| Current assets | 29/58 | €409,287 | €612,320 | +€203,033 | +49.6% |
| Amounts receivable after more than one year | 29 | - | €85,000 | +€85,000 | |
| Trade receivables | 290 | - | €85,000 | +€85,000 | |
| Amounts receivable within one year | 40/41 | €354,223 | €447,048 | +€92,824 | +26.2% |
| Trade receivables | 40 | €229,767 | €418,389 | +€188,622 | +82.1% |
| Other amounts receivable | 41 | €124,456 | €28,659 | -€95,797 | -77.0% |
| Cash at bank and in hand | 54/58 | €55,063 | €80,273 | +€25,209 | +45.8% |
| Total equity and liabilities | 10/49 | €985,468 | €1,140,949 | +€155,481 | +15.8% |
| Equity | 10/15 | -€3,416 | €72,632 | +€76,048 | |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Contributions outside capital | 11 | €18,600 | €18,600 | = | 0.0% |
| Share premium | 1100/10 | €18,600 | €18,600 | = | 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 | -€23,876 | €52,172 | +€76,048 | |
| Amounts payable | 17/49 | €988,884 | €1,068,317 | +€79,433 | +8.0% |
| Amounts payable after more than one year | 17 | €365,592 | €381,588 | +€15,996 | +4.4% |
| Financial debts | 170/4 | €350,592 | €317,588 | -€33,004 | -9.4% |
| Other amounts payable | 178/9 | €15,000 | €64,000 | +€49,000 | +327% |
| Amounts payable within one year | 42/48 | €623,292 | €686,730 | +€63,438 | +10.2% |
| Current portion of amounts payable after more than one year | 42 | €149,500 | €55,463 | -€94,037 | -62.9% |
| Financial debts | 43 | €10,196 | - | -€10,196 | |
| Credit institutions | 430/8 | €10,196 | - | -€10,196 | |
| Trade debts | 44 | €257,671 | €123,330 | -€134,341 | -52.1% |
| Suppliers | 440/4 | €257,671 | €123,330 | -€134,341 | -52.1% |
| Taxes, remuneration and social security | 45 | €205,925 | €507,437 | +€301,512 | +146% |
| Taxes | 450/3 | €166,839 | €268,941 | +€102,102 | +61.2% |
| Remuneration and social security | 454/9 | €39,086 | €238,496 | +€199,410 | +510% |
| Other amounts payable | 47/48 | - | €500 | +€500 | |
| Turnover | 70 | €1,793,046 | €1,852,872 | +€59,827 | +3.3% |
| Goods, raw materials, services and sundry goods | 60/61 | €1,058,738 | €1,043,826 | -€14,912 | -1.4% |
| Remuneration, social security and pensions | 62 | €676,160 | €622,533 | -€53,628 | -7.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €109,088 | €106,952 | -€2,136 | -2.0% |
| Other operating charges | 640/8 | €4,143 | €6,523 | +€2,380 | +57.5% |
| Non-recurring operating charges | 66A | - | €10,990 | +€10,990 | |
| Gross operating margin | 9900 | €734,307 | €879,945 | +€145,637 | +19.8% |
| Operating profit (loss) | 9901 | -€55,084 | €132,947 | +€188,031 | |
| Financial income | 75/76B | €40 | €2,847 | +€2,807 | +7,053% |
| Recurring financial income | 75 | €10 | €1 | -€9 | -86.1% |
| Non-recurring financial income | 76B | €29 | €2,845 | +€2,816 | +9,582% |
| Financial charges | 65/66B | €50,172 | €59,746 | +€9,574 | +19.1% |
| Recurring financial charges | 65 | €44,367 | €59,746 | +€15,379 | +34.7% |
| Non-recurring financial charges | 66B | €5,805 | - | -€5,805 | |
| Profit (loss) for the period before taxes | 9903 | -€105,216 | €76,048 | +€181,264 | |
| Profit (loss) for the period | 9904 | -€105,216 | €76,048 | +€181,264 | |
| Profit (loss) for the period to be appropriated | 9905 | -€105,216 | €76,048 | +€181,264 |
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 17 October 2026 via checked.be.