BV CAPITAL: 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.
BV CAPITAL
Largest movements
- Receivables within one year +€75,719
new in 2025: €75,719
- Deferred charges and accrued income -€10,758
down €10,758 (-100%), from €10,758 to €0
- Cash -€1,744
down €1,744 (-12.4%), from €14,017 to €12,273
mainly Receivables within one year (-€75,719) and Investment in fixed assets (net) (-€2,803)
- Other debts +€49,373
up €49,373 (+204%), from €24,160 to €73,533
- Profit (loss) carried forward +€7,030
up €7,030 (+43.7%), from -€16,093 to -€9,063
- Tax, wage and social debts +€4,121
up €4,121 (+133%), from €3,087 to €7,209
of which Taxes: +€4,155
- Trade debts +€3,752
up €3,752 (+1,363%), from €275 to €4,027
- Accrued charges and deferred income -€1,376
no longer reported in 2025 (was €1,376)
- Gross operating margin +€8,595
up €8,595 (+140%), from €6,159 to €14,755
- Taxes +€2,572
up €2,572 (+356%), from €722 to €3,294
- Depreciation +€866
up €866 (+38.4%), from €2,254 to €3,120
- Other operating charges +€181
up €181 (+17.4%), from €1,038 to €1,219
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 | €31,650 | €94,550 | +€62,900 | +199% |
| Fixed assets | 21/28 | €6,875 | €6,558 | -€317 | -4.6% |
| Tangible fixed assets | 22/27 | €6,875 | €6,558 | -€317 | -4.6% |
| Land and buildings | 22 | €6,875 | €5,059 | -€1,816 | -26.4% |
| Plant, machinery and equipment | 23 | - | €1,498 | +€1,498 | |
| Current assets | 29/58 | €24,775 | €87,992 | +€63,217 | +255% |
| Amounts receivable within one year | 40/41 | - | €75,719 | +€75,719 | |
| Trade receivables | 40 | - | €75,719 | +€75,719 | |
| Cash at bank and in hand | 54/58 | €14,017 | €12,273 | -€1,744 | -12.4% |
| Deferred charges and accrued income | 490/1 | €10,758 | €0 | -€10,758 | -100% |
| Total equity and liabilities | 10/49 | €31,650 | €94,550 | +€62,900 | +199% |
| Equity | 10/15 | €2,751 | €9,781 | +€7,030 | +256% |
| Contributions | 10/11 | €18,550 | €18,550 | = | 0.0% |
| Reserves | 13 | €294 | €294 | = | 0.0% |
| Distributable reserves | 133 | €294 | €294 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€16,093 | -€9,063 | +€7,030 | +43.7% |
| Amounts payable | 17/49 | €28,899 | €84,769 | +€55,870 | +193% |
| Amounts payable within one year | 42/48 | €27,522 | €84,769 | +€57,246 | +208% |
| Trade debts | 44 | €275 | €4,027 | +€3,752 | +1,363% |
| Suppliers | 440/4 | €275 | €4,027 | +€3,752 | +1,363% |
| Taxes, remuneration and social security | 45 | €3,087 | €7,209 | +€4,121 | +133% |
| Taxes | 450/3 | €1,804 | €5,959 | +€4,155 | +230% |
| Remuneration and social security | 454/9 | €1,284 | €1,250 | -€34 | -2.6% |
| Other amounts payable | 47/48 | €24,160 | €73,533 | +€49,373 | +204% |
| Accrued charges and deferred income | 492/3 | €1,376 | - | -€1,376 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,254 | €3,120 | +€866 | +38.4% |
| Other operating charges | 640/8 | €1,038 | €1,219 | +€181 | +17.4% |
| Gross operating margin | 9900 | €6,159 | €14,755 | +€8,595 | +140% |
| Operating profit (loss) | 9901 | €2,867 | €10,415 | +€7,548 | +263% |
| Financial income | 75/76B | €9 | €30 | +€21 | +248% |
| Recurring financial income | 75 | €9 | €30 | +€21 | +248% |
| Financial charges | 65/66B | €115 | €121 | +€5 | +4.6% |
| Recurring financial charges | 65 | €115 | €121 | +€5 | +4.6% |
| Profit (loss) for the period before taxes | 9903 | €2,760 | €10,324 | +€7,564 | +274% |
| Income taxes | 67/77 | €722 | €3,294 | +€2,572 | +356% |
| Profit (loss) for the period | 9904 | €2,038 | €7,030 | +€4,992 | +245% |
| Profit (loss) for the period to be appropriated | 9905 | €2,038 | €7,030 | +€4,992 | +245% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 16 October 2026 via checked.be.