BV: 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.
BV
Largest movements
- Receivables after one year +€270,000
new in 2025: €270,000
- Receivables within one year -€248,504
down €248,504 (-95.6%), from €260,000 to €11,496
- Cash -€14,032
down €14,032 (-53.5%), from €26,220 to €12,188
mainly Receivables after one year (-€270,000) and Smaller working-capital items (-€574)
- Profit (loss) carried forward +€8,039
up €8,039 (+3.1%), from €257,122 to €265,161
- Gross operating margin +€13,037
up €13,037, from -€2,097 to €10,941
- Taxes +€2,027
up €2,027 (+281515.3%), from €1 to €2,028
- Financial income -€888
down €888 (-99.7%), from €891 to €3
- Staff costs +€397
no longer reported in 2025 (was -€397)
- Financial charges -€285
down €285 (-46.1%), from €618 to €333
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 | €286,394 | €293,911 | +€7,517 | +2.6% |
| Fixed assets | 21/28 | €0 | - | = | |
| Tangible fixed assets | 22/27 | €0 | - | = | |
| Furniture and vehicles | 24 | €0 | - | = | |
| Current assets | 29/58 | €286,394 | €293,911 | +€7,517 | +2.6% |
| Amounts receivable after more than one year | 29 | - | €270,000 | +€270,000 | |
| Other amounts receivable | 291 | - | €270,000 | +€270,000 | |
| Amounts receivable within one year | 40/41 | €260,000 | €11,496 | -€248,504 | -95.6% |
| Other amounts receivable | 41 | €260,000 | €11,496 | -€248,504 | -95.6% |
| Cash at bank and in hand | 54/58 | €26,220 | €12,188 | -€14,032 | -53.5% |
| Deferred charges and accrued income | 490/1 | €174 | €227 | +€53 | +30.3% |
| Total equity and liabilities | 10/49 | €286,394 | €293,911 | +€7,517 | +2.6% |
| Equity | 10/15 | €269,122 | €277,161 | +€8,039 | +3.0% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Reserves | 13 | €2,000 | €2,000 | = | 0.0% |
| Non-distributable reserves | 130/1 | €2,000 | €2,000 | = | 0.0% |
| Reserves not available under the articles | 1311 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €257,122 | €265,161 | +€8,039 | +3.1% |
| Amounts payable | 17/49 | €17,272 | €16,750 | -€522 | -3.0% |
| Amounts payable within one year | 42/48 | €1,633 | €1,193 | -€439 | -26.9% |
| Trade debts | 44 | €609 | €112 | -€497 | -81.6% |
| Suppliers | 440/4 | €609 | €112 | -€497 | -81.6% |
| Other amounts payable | 47/48 | €1,023 | €1,081 | +€58 | +5.6% |
| Accrued charges and deferred income | 492/3 | €15,639 | €15,557 | -€82 | -0.5% |
| Remuneration, social security and pensions | 62 | -€397 | - | +€397 | |
| Other operating charges | 640/8 | €528 | €544 | +€16 | +3.0% |
| Gross operating margin | 9900 | -€2,097 | €10,941 | +€13,037 | |
| Operating profit (loss) | 9901 | -€2,228 | €10,397 | +€12,625 | |
| Financial income | 75/76B | €891 | €3 | -€888 | -99.7% |
| Recurring financial income | 75 | €891 | €3 | -€888 | -99.7% |
| Financial charges | 65/66B | €618 | €333 | -€285 | -46.1% |
| Recurring financial charges | 65 | €618 | €333 | -€285 | -46.1% |
| Profit (loss) for the period before taxes | 9903 | -€1,956 | €10,066 | +€12,022 | |
| Income taxes | 67/77 | €1 | €2,028 | +€2,027 | +281515.3% |
| Profit (loss) for the period | 9904 | -€1,957 | €8,039 | +€9,995 | |
| Profit (loss) for the period to be appropriated | 9905 | -€1,957 | €8,039 | +€9,995 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 28 September 2026 via checked.be.