BSVC: 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.
BSVC
Largest movements
- Current investments +€40,000
new in 2024: €40,000
- Cash -€39,883
down €39,883 (-66.2%), from €60,205 to €20,322
mainly Current investments (-€40,000) and Contributions, distributions and other (-€10,000)
- Tangible fixed assets -€20,973
down €20,973 (-3.2%), from €658,094 to €637,122
of which Land and buildings: -€15,951
- Receivables within one year +€7,947
up €7,947 (+52.3%), from €15,191 to €23,138
of which Trade receivables: +€4,108
No liability line moved by more than 1% of the balance sheet total.
- Depreciation -€60,813
down €60,813 (-74.4%), from €81,785 to €20,973
- Gross operating margin +€13,650
up €13,650 (+98.0%), from €13,924 to €27,574
- Taxes +€1,385
up €1,385 (+538.9%), from €257 to €1,642
- Other operating charges -€718
down €718 (-23.8%), from €3,021 to €2,303
- Financial income +€296
up €296 (+22.9%), from €1,294 to €1,590
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €735,326 | €722,774 | -€12,552 | -1.7% |
| Fixed assets | 21/28 | €658,689 | €637,716 | -€20,973 | -3.2% |
| Tangible fixed assets | 22/27 | €658,094 | €637,122 | -€20,973 | -3.2% |
| Land and buildings | 22 | €640,923 | €624,972 | -€15,951 | -2.5% |
| Plant, machinery and equipment | 23 | €254 | €147 | -€107 | -42.0% |
| Furniture and vehicles | 24 | €16,917 | €12,003 | -€4,915 | -29.1% |
| Financial fixed assets | 28 | €595 | €595 | = | 0.0% |
| Current assets | 29/58 | €76,637 | €85,058 | +€8,421 | +11.0% |
| Amounts receivable within one year | 40/41 | €15,191 | €23,138 | +€7,947 | +52.3% |
| Trade receivables | 40 | €4,533 | €8,641 | +€4,108 | +90.6% |
| Other amounts receivable | 41 | €10,658 | €14,496 | +€3,838 | +36.0% |
| Current investments | 50/53 | - | €40,000 | +€40,000 | |
| Cash at bank and in hand | 54/58 | €60,205 | €20,322 | -€39,883 | -66.2% |
| Deferred charges and accrued income | 490/1 | €1,240 | €1,598 | +€358 | +28.8% |
| Total equity and liabilities | 10/49 | €735,326 | €722,774 | -€12,552 | -1.7% |
| Equity | 10/15 | €474,183 | €468,409 | -€5,774 | -1.2% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €351,147 | €345,373 | -€5,774 | -1.6% |
| Tax-exempt reserves | 132 | €299,287 | €289,650 | -€9,637 | -3.2% |
| Distributable reserves | 133 | €51,859 | €55,723 | +€3,864 | +7.5% |
| Profit (loss) carried forward | 14 | €104,444 | €104,444 | = | 0.0% |
| Provisions and deferred taxes | 16 | €99,762 | €96,550 | -€3,212 | -3.2% |
| Deferred taxes | 168 | €99,762 | €96,550 | -€3,212 | -3.2% |
| Amounts payable | 17/49 | €161,381 | €157,815 | -€3,566 | -2.2% |
| Amounts payable after more than one year | 17 | €7,161 | €1,440 | -€5,721 | -79.9% |
| Financial debts | 170/4 | €7,161 | €1,440 | -€5,721 | -79.9% |
| Amounts payable within one year | 42/48 | €150,007 | €152,063 | +€2,055 | +1.4% |
| Current portion of amounts payable after more than one year | 42 | €5,659 | €5,721 | +€62 | +1.1% |
| Financial debts | 43 | €140,000 | €140,000 | = | 0.0% |
| Other loans | 439 | €140,000 | €140,000 | = | 0.0% |
| Trade debts | 44 | €4,291 | €5,013 | +€722 | +16.8% |
| Suppliers | 440/4 | €4,291 | €5,013 | +€722 | +16.8% |
| Taxes, remuneration and social security | 45 | €57 | €1,329 | +€1,272 | +2221.5% |
| Taxes | 450/3 | €57 | €1,329 | +€1,272 | +2221.5% |
| Accrued charges and deferred income | 492/3 | €4,212 | €4,312 | +€100 | +2.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €81,785 | €20,973 | -€60,813 | -74.4% |
| Other operating charges | 640/8 | €3,021 | €2,303 | -€718 | -23.8% |
| Gross operating margin | 9900 | €13,924 | €27,574 | +€13,650 | +98.0% |
| Operating profit (loss) | 9901 | -€70,882 | €4,299 | +€75,181 | |
| Financial income | 75/76B | €1,294 | €1,590 | +€296 | +22.9% |
| Recurring financial income | 75 | €1,294 | €1,590 | +€296 | +22.9% |
| Financial charges | 65/66B | €3,174 | €3,233 | +€59 | +1.9% |
| Recurring financial charges | 65 | €3,174 | €3,233 | +€59 | +1.9% |
| Profit (loss) for the period before taxes | 9903 | -€72,762 | €2,656 | +€75,417 | |
| Transfer from deferred taxes | 780 | €13,388 | €3,212 | -€10,176 | -76.0% |
| Income taxes | 67/77 | €257 | €1,642 | +€1,385 | +538.9% |
| Profit (loss) for the period | 9904 | -€59,631 | €4,226 | +€63,857 | |
| Transfer from tax-exempt reserves | 789 | €40,164 | €9,637 | -€30,527 | -76.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€19,467 | €13,864 | +€33,330 |
Source: filed annual accounts (NBB), fiscal years ended 30 December 2023 and 30 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 29 September 2026 via checked.be.