BSV Vastgoedbeheer: 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.
BSV Vastgoedbeheer
Largest movements
- Cash +€20,160
up €20,160 (+303%), from €6,656 to €26,816
mainly Debts after one year (+€40,000) and Trade debts (+€33,185)
- Receivables within one year +€9,400
up €9,400 (+277%), from €3,398 to €12,798
of which Trade receivables: +€9,400
- Deferred charges and accrued income -€8,502
down €8,502 (-58.7%), from €14,483 to €5,981
- Tangible fixed assets -€2,819
down €2,819 (-27.2%), from €10,350 to €7,531
- Profit (loss) carried forward -€53,271
down €53,271 (-158%), from -€33,736 to -€87,006
- Debts after one year +€40,000
new in 2025: €40,000
- Trade debts +€33,185
up €33,185 (+129%), from €25,660 to €58,845
- Tax, wage and social debts -€1,675
down €1,675 (-10.5%), from €15,998 to €14,323
of which Remuneration and social security: -€5,770
- Other operating charges +€17,735
up €17,735 (+89.2%), from €19,882 to €37,617
- Staff costs +€7,387
up €7,387 (+12.3%), from €60,275 to €67,661
- Taxes -€4,590
down €4,590 (-100%), from €4,590 to €0
- Gross operating margin +€952
up €952 (+1.8%), from €53,934 to €54,886
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 | €38,847 | €57,087 | +€18,239 | +47.0% |
| Fixed assets | 21/28 | €14,310 | €11,491 | -€2,819 | -19.7% |
| Tangible fixed assets | 22/27 | €10,350 | €7,531 | -€2,819 | -27.2% |
| Furniture and vehicles | 24 | €10,350 | €7,531 | -€2,819 | -27.2% |
| Financial fixed assets | 28 | €3,960 | €3,960 | = | 0.0% |
| Current assets | 29/58 | €24,537 | €45,596 | +€21,058 | +85.8% |
| Amounts receivable within one year | 40/41 | €3,398 | €12,798 | +€9,400 | +277% |
| Trade receivables | 40 | €3,398 | €12,798 | +€9,400 | +277% |
| Other amounts receivable | 41 | €0 | - | = | |
| Cash at bank and in hand | 54/58 | €6,656 | €26,816 | +€20,160 | +303% |
| Deferred charges and accrued income | 490/1 | €14,483 | €5,981 | -€8,502 | -58.7% |
| Total equity and liabilities | 10/49 | €38,847 | €57,087 | +€18,239 | +47.0% |
| Equity | 10/15 | -€2,811 | -€56,081 | -€53,271 | -1,895% |
| Contributions | 10/11 | €9,000 | €9,000 | = | 0.0% |
| Reserves | 13 | €21,925 | €21,925 | = | 0.0% |
| Distributable reserves | 133 | €21,925 | €21,925 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€33,736 | -€87,006 | -€53,271 | -158% |
| Amounts payable | 17/49 | €41,658 | €113,168 | +€71,510 | +172% |
| Amounts payable after more than one year | 17 | - | €40,000 | +€40,000 | |
| Financial debts | 170/4 | - | €40,000 | +€40,000 | |
| Amounts payable within one year | 42/48 | €41,658 | €73,168 | +€31,510 | +75.6% |
| Trade debts | 44 | €25,660 | €58,845 | +€33,185 | +129% |
| Suppliers | 440/4 | €25,660 | €58,845 | +€33,185 | +129% |
| Taxes, remuneration and social security | 45 | €15,998 | €14,323 | -€1,675 | -10.5% |
| Taxes | 450/3 | €1,921 | €6,017 | +€4,095 | +213% |
| Remuneration and social security | 454/9 | €14,077 | €8,307 | -€5,770 | -41.0% |
| Remuneration, social security and pensions | 62 | €60,275 | €67,661 | +€7,387 | +12.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,819 | €2,819 | = | 0.0% |
| Other operating charges | 640/8 | €19,882 | €37,617 | +€17,735 | +89.2% |
| Gross operating margin | 9900 | €53,934 | €54,886 | +€952 | +1.8% |
| Operating profit (loss) | 9901 | -€29,042 | -€53,211 | -€24,169 | -83.2% |
| Financial charges | 65/66B | €114 | €60 | -€54 | -47.6% |
| Recurring financial charges | 65 | €114 | €60 | -€54 | -47.6% |
| Profit (loss) for the period before taxes | 9903 | -€29,155 | -€53,271 | -€24,115 | -82.7% |
| Income taxes | 67/77 | €4,590 | €0 | -€4,590 | -100% |
| Profit (loss) for the period | 9904 | -€33,745 | -€53,271 | -€19,525 | -57.9% |
| Profit (loss) for the period to be appropriated | 9905 | -€33,745 | -€53,271 | -€19,525 | -57.9% |
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 27 October 2026 via checked.be.