BKV EXPLOITATION: 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 EXPLOITATION
Largest movements
- Cash +€197,539
up €197,539 (+99.0%), from €199,489 to €397,028
mainly Debts after one year (+€163,697) and Depreciation (+€136,306)
- Receivables within one year -€91,026
down €91,026 (-91.9%), from €99,067 to €8,041
of which Other amounts receivable: -€77,416
- Tangible fixed assets +€64,695
up €64,695 (+12.6%), from €511,513 to €576,208
of which Plant, machinery and equipment: +€47,622
- Intangible fixed assets +€17,007
up €17,007 (+24.5%), from €69,337 to €86,344
- Deferred charges and accrued income +€12,836
up €12,836 (+9,560%), from €134 to €12,970
- Debts after one year +€163,697
up €163,697 (+47.1%), from €347,795 to €511,491
- Trade debts -€101,660
down €101,660 (-79.1%), from €128,485 to €26,824
- Profit (loss) carried forward +€93,979
up €93,979 (+113%), from €83,429 to €177,408
- Other debts -€89,175
down €89,175 (-86.9%), from €102,605 to €13,430
- Contributions +€75,000
up €75,000 (+100%), from €75,000 to €150,000
- Staff costs +€96,925
up €96,925 (+67.3%), from €144,110 to €241,035
- Gross operating margin +€92,064
up €92,064 (+19.8%), from €465,728 to €557,792
- Depreciation +€74,581
up €74,581 (+121%), from €61,725 to €136,306
- Financial charges +€14,556
up €14,556 (+107%), from €13,568 to €28,125
of which Financial charges: +€14,601
- Other operating charges -€7,748
down €7,748 (-55.0%), from €14,076 to €6,328
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 | €883,241 | €1,086,172 | +€202,930 | +23.0% |
| Fixed assets | 21/28 | €580,850 | €663,452 | +€82,602 | +14.2% |
| Intangible fixed assets | 21 | €69,337 | €86,344 | +€17,007 | +24.5% |
| Tangible fixed assets | 22/27 | €511,513 | €576,208 | +€64,695 | +12.6% |
| Land and buildings | 22 | €106,531 | €90,111 | -€16,420 | -15.4% |
| Plant, machinery and equipment | 23 | €320,708 | €368,330 | +€47,622 | +14.8% |
| Furniture and vehicles | 24 | €84,274 | €117,768 | +€33,493 | +39.7% |
| Financial fixed assets | 28 | - | €900 | +€900 | |
| Current assets | 29/58 | €302,391 | €422,720 | +€120,329 | +39.8% |
| Stocks and contracts in progress | 3 | €3,701 | €4,681 | +€980 | +26.5% |
| Stocks | 30/36 | €3,701 | €4,681 | +€980 | +26.5% |
| Amounts receivable within one year | 40/41 | €99,067 | €8,041 | -€91,026 | -91.9% |
| Trade receivables | 40 | €18,551 | €4,941 | -€13,610 | -73.4% |
| Other amounts receivable | 41 | €80,516 | €3,100 | -€77,416 | -96.2% |
| Cash at bank and in hand | 54/58 | €199,489 | €397,028 | +€197,539 | +99.0% |
| Deferred charges and accrued income | 490/1 | €134 | €12,970 | +€12,836 | +9,560% |
| Total equity and liabilities | 10/49 | €883,241 | €1,086,172 | +€202,930 | +23.0% |
| Equity | 10/15 | €158,429 | €327,408 | +€168,979 | +107% |
| Contributions | 10/11 | €75,000 | €150,000 | +€75,000 | +100% |
| Profit (loss) carried forward | 14 | €83,429 | €177,408 | +€93,979 | +113% |
| Amounts payable | 17/49 | €724,813 | €758,764 | +€33,951 | +4.7% |
| Amounts payable after more than one year | 17 | €347,795 | €511,491 | +€163,697 | +47.1% |
| Financial debts | 170/4 | €347,795 | €511,491 | +€163,697 | +47.1% |
| Amounts payable within one year | 42/48 | €374,618 | €230,574 | -€144,044 | -38.5% |
| Current portion of amounts payable after more than one year | 42 | €41,155 | €107,114 | +€65,959 | +160% |
| Trade debts | 44 | €128,485 | €26,824 | -€101,660 | -79.1% |
| Suppliers | 440/4 | €128,485 | €26,824 | -€101,660 | -79.1% |
| Taxes, remuneration and social security | 45 | €102,374 | €83,206 | -€19,168 | -18.7% |
| Taxes | 450/3 | €72,920 | €49,002 | -€23,918 | -32.8% |
| Remuneration and social security | 454/9 | €29,454 | €34,204 | +€4,750 | +16.1% |
| Other amounts payable | 47/48 | €102,605 | €13,430 | -€89,175 | -86.9% |
| Accrued charges and deferred income | 492/3 | €2,400 | €16,699 | +€14,299 | +596% |
| Remuneration, social security and pensions | 62 | €144,110 | €241,035 | +€96,925 | +67.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €61,725 | €136,306 | +€74,581 | +121% |
| Other operating charges | 640/8 | €14,076 | €6,328 | -€7,748 | -55.0% |
| Gross operating margin | 9900 | €465,728 | €557,792 | +€92,064 | +19.8% |
| Operating profit (loss) | 9901 | €245,817 | €174,122 | -€71,695 | -29.2% |
| Financial income | 75/76B | €1,621 | €1,278 | -€343 | -21.1% |
| Recurring financial income | 75 | €1,621 | €1,278 | -€343 | -21.1% |
| Financial charges | 65/66B | €13,568 | €28,125 | +€14,556 | +107% |
| Recurring financial charges | 65 | €13,523 | €28,125 | +€14,601 | +108% |
| Non-recurring financial charges | 66B | €45 | - | -€45 | |
| Profit (loss) for the period before taxes | 9903 | €233,869 | €147,275 | -€86,594 | -37.0% |
| Income taxes | 67/77 | €48,472 | €42,854 | -€5,618 | -11.6% |
| Profit (loss) for the period | 9904 | €185,397 | €104,422 | -€80,976 | -43.7% |
| Profit (loss) for the period to be appropriated | 9905 | €185,397 | €104,422 | -€80,976 | -43.7% |
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.