BMVL: 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.
BMVL
Largest movements
- Current investments -€500,138
down €500,138 (-100.0%), from €500,138 to €0
- Cash +€47,955
up €47,955 (+854.5%), from €5,612 to €53,567
mainly Current investments (+€500,138) and Net result for the year (+€52,333)
- Debts after one year -€513,735
down €513,735 (-31.0%), from €1.7m to €1.1m
- Reserves +€148,327
up €148,327 (+18.2%), from €813,701 to €962,029
- Profit (loss) carried forward -€95,994
down €95,994 (-100.0%), from €95,994 to €0
- Depreciation -€187,368
down €187,368 (-100.0%), from €187,368 to €0
- Gross operating margin -€142,779
down €142,779 (-74.8%), from €190,931 to €48,152
- Financial income +€76,646
up €76,646 (+3439.9%), from €2,228 to €78,874
- Financial charges +€42,782
up €42,782 (+98349.1%), from €44 to €42,825
- Taxes +€28,878
up €28,878 (+1022.7%), from €2,824 to €31,702
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.
Cash bridge derived
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 | €2,614,709 | €2,154,174 | -€460,535 | -17.6% |
| Fixed assets | 21/28 | €2,057,472 | €2,057,472 | = | 0.0% |
| Tangible fixed assets | 22/27 | €2,057,472 | €2,057,472 | = | 0.0% |
| Land and buildings | 22 | €2,057,472 | €2,057,472 | = | 0.0% |
| Furniture and vehicles | 24 | €0 | - | = | |
| Financial fixed assets | 28 | €0 | - | = | |
| Current assets | 29/58 | €557,236 | €96,701 | -€460,535 | -82.6% |
| Amounts receivable within one year | 40/41 | €42,032 | €43,135 | +€1,103 | +2.6% |
| Other amounts receivable | 41 | €42,032 | €43,135 | +€1,103 | +2.6% |
| Current investments | 50/53 | €500,138 | €0 | -€500,138 | -100.0% |
| Cash at bank and in hand | 54/58 | €5,612 | €53,567 | +€47,955 | +854.5% |
| Deferred charges and accrued income | 490/1 | €9,454 | €0 | -€9,454 | -100.0% |
| Total equity and liabilities | 10/49 | €2,614,709 | €2,154,174 | -€460,535 | -17.6% |
| Equity | 10/15 | €926,941 | €979,275 | +€52,333 | +5.6% |
| Contributions | 10/11 | €17,246 | €17,246 | = | 0.0% |
| Reserves | 13 | €813,701 | €962,029 | +€148,327 | +18.2% |
| Distributable reserves | 133 | €813,701 | €962,029 | +€148,327 | +18.2% |
| Profit (loss) carried forward | 14 | €95,994 | €0 | -€95,994 | -100.0% |
| Amounts payable | 17/49 | €1,687,767 | €1,174,899 | -€512,868 | -30.4% |
| Amounts payable after more than one year | 17 | €1,657,767 | €1,144,032 | -€513,735 | -31.0% |
| Financial debts | 170/4 | €1,657,767 | €1,144,032 | -€513,735 | -31.0% |
| Amounts payable within one year | 42/48 | €30,000 | €30,867 | +€867 | +2.9% |
| Current portion of amounts payable after more than one year | 42 | €30,000 | €30,000 | = | 0.0% |
| Trade debts | 44 | €0 | €867 | +€867 | |
| Suppliers | 440/4 | €0 | €867 | +€867 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €187,368 | €0 | -€187,368 | -100.0% |
| Other operating charges | 640/8 | €1,858 | €166 | -€1,692 | -91.0% |
| Gross operating margin | 9900 | €190,931 | €48,152 | -€142,779 | -74.8% |
| Operating profit (loss) | 9901 | €1,705 | €47,986 | +€46,281 | +2714.2% |
| Financial income | 75/76B | €2,228 | €78,874 | +€76,646 | +3439.9% |
| Recurring financial income | 75 | €2,228 | €78,874 | +€76,646 | +3439.9% |
| Financial charges | 65/66B | €44 | €42,825 | +€42,782 | +98349.1% |
| Recurring financial charges | 65 | €44 | €42,825 | +€42,782 | +98349.1% |
| Profit (loss) for the period before taxes | 9903 | €3,890 | €84,035 | +€80,145 | +2060.4% |
| Income taxes | 67/77 | €2,824 | €31,702 | +€28,878 | +1022.7% |
| Profit (loss) for the period | 9904 | €1,066 | €52,333 | +€51,267 | +4809.5% |
| Profit (loss) for the period to be appropriated | 9905 | €1,066 | €52,333 | +€51,267 | +4809.5% |
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 10 October 2026 via checked.be.