BNV Concepts: 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.
BNV Concepts
Largest movements
No asset line moved by more than 1% of the balance sheet total.
- Other debts +€177,691
up €177,691 (+71.8%), from €247,540 to €425,231
- Debts after one year -€142,251
down €142,251 (-43.8%), from €324,884 to €182,633
- Reserves -€43,123
down €43,123 (-2.2%), from €2.0m to €1.9m
of which Distributable reserves: -€43,123
- Financial income -€146,672
down €146,672 (-97.4%), from €150,589 to €3,917
- Gross operating margin +€99,840
up €99,840 (+91.6%), from €108,946 to €208,786
- Financial charges +€22,027
up €22,027 (+71.1%), from €30,970 to €52,997
- Taxes +€11,449
up €11,449 (+34.0%), from €33,682 to €45,132
- Depreciation -€4,062
down €4,062 (-100.0%), from €4,062 to €0
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
A cash bridge needs two consecutive fiscal years: one year's result and depreciation cannot explain a change over several years. Pick two years that follow each other.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €2,682,539 | €2,682,983 | +€444 | 0.0% |
| Fixed assets | 21/28 | €2,617,165 | €2,606,442 | -€10,723 | -0.4% |
| Tangible fixed assets | 22/27 | €728,821 | €718,098 | -€10,723 | -1.5% |
| Land and buildings | 22 | €466,420 | €466,420 | = | 0.0% |
| Plant, machinery and equipment | 23 | €251,678 | €251,678 | = | 0.0% |
| Furniture and vehicles | 24 | €10,723 | €0 | -€10,723 | -100.0% |
| Financial fixed assets | 28 | €1,888,344 | €1,888,344 | = | 0.0% |
| Current assets | 29/58 | €65,374 | €76,541 | +€11,167 | +17.1% |
| Amounts receivable within one year | 40/41 | €60,880 | €69,519 | +€8,640 | +14.2% |
| Trade receivables | 40 | €18,150 | €18,150 | = | 0.0% |
| Other amounts receivable | 41 | €42,730 | €51,369 | +€8,640 | +20.2% |
| Cash at bank and in hand | 54/58 | €664 | €2,575 | +€1,911 | +287.5% |
| Deferred charges and accrued income | 490/1 | €3,830 | €4,447 | +€617 | +16.1% |
| Total equity and liabilities | 10/49 | €2,682,539 | €2,682,983 | +€444 | 0.0% |
| Equity | 10/15 | €1,999,053 | €1,955,930 | -€43,123 | -2.2% |
| Contributions | 10/11 | €38,606 | €38,606 | = | 0.0% |
| Reserves | 13 | €1,960,447 | €1,917,324 | -€43,123 | -2.2% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Tax-exempt reserves | 132 | €8,060 | €8,060 | = | 0.0% |
| Distributable reserves | 133 | €1,950,528 | €1,907,404 | -€43,123 | -2.2% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €683,486 | €727,053 | +€43,567 | +6.4% |
| Amounts payable after more than one year | 17 | €324,884 | €182,633 | -€142,251 | -43.8% |
| Financial debts | 170/4 | €324,884 | €182,633 | -€142,251 | -43.8% |
| Amounts payable within one year | 42/48 | €355,602 | €544,420 | +€188,818 | +53.1% |
| Current portion of amounts payable after more than one year | 42 | €79,989 | €83,757 | +€3,768 | +4.7% |
| Financial debts | 43 | €6,806 | €10,006 | +€3,200 | +47.0% |
| Credit institutions | 430/8 | - | €1,159 | +€1,159 | |
| Other loans | 439 | €6,806 | €8,847 | +€2,041 | +30.0% |
| Trade debts | 44 | €3,646 | €5,850 | +€2,204 | +60.4% |
| Suppliers | 440/4 | €3,646 | €5,850 | +€2,204 | +60.4% |
| Taxes, remuneration and social security | 45 | €17,621 | €19,576 | +€1,955 | +11.1% |
| Taxes | 450/3 | €16,549 | €18,504 | +€1,955 | +11.8% |
| Remuneration and social security | 454/9 | €1,072 | €1,072 | = | 0.0% |
| Other amounts payable | 47/48 | €247,540 | €425,231 | +€177,691 | +71.8% |
| Accrued charges and deferred income | 492/3 | €3,000 | €0 | -€3,000 | -100.0% |
| Non-recurring operating income | 76A | - | €9,639 | +€9,639 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,062 | €0 | -€4,062 | -100.0% |
| Other operating charges | 640/8 | €3,785 | €7,697 | +€3,912 | +103.4% |
| Gross operating margin | 9900 | €108,946 | €208,786 | +€99,840 | +91.6% |
| Operating profit (loss) | 9901 | €101,099 | €201,089 | +€99,990 | +98.9% |
| Financial income | 75/76B | €150,589 | €3,917 | -€146,672 | -97.4% |
| Recurring financial income | 75 | €150,589 | €3,917 | -€146,672 | -97.4% |
| Financial charges | 65/66B | €30,970 | €52,997 | +€22,027 | +71.1% |
| Recurring financial charges | 65 | €30,970 | €52,997 | +€22,027 | +71.1% |
| Profit (loss) for the period before taxes | 9903 | €220,718 | €152,008 | -€68,710 | -31.1% |
| Income taxes | 67/77 | €33,682 | €45,132 | +€11,449 | +34.0% |
| Profit (loss) for the period | 9904 | €187,036 | €106,877 | -€80,159 | -42.9% |
| Profit (loss) for the period to be appropriated | 9905 | €187,036 | €106,877 | -€80,159 | -42.9% |
Source: filed annual accounts (NBB), fiscal years ended 31 March 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.