BV CC&S: 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 CC&S
Largest movements
- Current investments -€182,616
down €182,616 (-23.3%), from €784,392 to €601,776
- Receivables within one year +€177,289
up €177,289 (+797%), from €22,248 to €199,537
of which Trade receivables: +€163,073
- Cash -€33,992
down €33,992 (-81.5%), from €41,730 to €7,738
mainly Contributions, distributions and other (-€397,049) and Receivables within one year (-€177,289)
- Tangible fixed assets -€25,652
down €25,652 (-11.2%), from €228,731 to €203,079
of which Land and buildings: -€21,075
- Stocks and contracts -€12,811
down €12,811 (-40.1%), from €31,915 to €19,104
- Reserves -€301,890
down €301,890 (-34.4%), from €877,346 to €575,455
of which Distributable reserves: -€270,315
- Other debts +€130,572
up €130,572 (+784%), from €16,665 to €147,237
- Short-term financial debts +€100,000
new in 2025: €100,000
- Staff costs -€53,974
down €53,974 (-27.7%), from €194,890 to €140,915
- Gross operating margin -€52,248
down €52,248 (-14.2%), from €367,726 to €315,478
- Taxes +€10,109
up €10,109 (+21.7%), from €46,569 to €56,678
- Financial charges -€4,159
down €4,159 (-37.1%), from €11,199 to €7,041
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 | €1,111,084 | €1,031,233 | -€79,851 | -7.2% |
| Fixed assets | 21/28 | €228,731 | €203,079 | -€25,652 | -11.2% |
| Tangible fixed assets | 22/27 | €228,731 | €203,079 | -€25,652 | -11.2% |
| Land and buildings | 22 | €203,484 | €182,409 | -€21,075 | -10.4% |
| Plant, machinery and equipment | 23 | €21,733 | €10,276 | -€11,457 | -52.7% |
| Furniture and vehicles | 24 | €3,514 | €10,394 | +€6,880 | +196% |
| Current assets | 29/58 | €882,353 | €828,154 | -€54,199 | -6.1% |
| Stocks and contracts in progress | 3 | €31,915 | €19,104 | -€12,811 | -40.1% |
| Stocks | 30/36 | €31,915 | €19,104 | -€12,811 | -40.1% |
| Amounts receivable within one year | 40/41 | €22,248 | €199,537 | +€177,289 | +797% |
| Trade receivables | 40 | €19,307 | €182,380 | +€163,073 | +845% |
| Other amounts receivable | 41 | €2,942 | €17,157 | +€14,216 | +483% |
| Current investments | 50/53 | €784,392 | €601,776 | -€182,616 | -23.3% |
| Cash at bank and in hand | 54/58 | €41,730 | €7,738 | -€33,992 | -81.5% |
| Deferred charges and accrued income | 490/1 | €2,069 | €0 | -€2,069 | -100% |
| Total equity and liabilities | 10/49 | €1,111,084 | €1,031,233 | -€79,851 | -7.2% |
| Equity | 10/15 | €879,455 | €577,565 | -€301,890 | -34.3% |
| Contributions | 10/11 | €2,110 | €2,110 | = | 0.0% |
| Reserves | 13 | €877,346 | €575,455 | -€301,890 | -34.4% |
| Tax-exempt reserves | 132 | €63,150 | €31,575 | -€31,575 | -50.0% |
| Distributable reserves | 133 | €814,196 | €543,880 | -€270,315 | -33.2% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €231,629 | €453,668 | +€222,040 | +95.9% |
| Amounts payable after more than one year | 17 | €11,884 | €3,995 | -€7,889 | -66.4% |
| Financial debts | 170/4 | €11,884 | €3,995 | -€7,889 | -66.4% |
| Amounts payable within one year | 42/48 | €99,891 | €329,820 | +€229,929 | +230% |
| Current portion of amounts payable after more than one year | 42 | €7,756 | €7,889 | +€133 | +1.7% |
| Financial debts | 43 | - | €100,000 | +€100,000 | |
| Credit institutions | 430/8 | - | €100,000 | +€100,000 | |
| Trade debts | 44 | €19,635 | €17,976 | -€1,659 | -8.5% |
| Suppliers | 440/4 | €19,635 | €17,976 | -€1,659 | -8.5% |
| Taxes, remuneration and social security | 45 | €55,835 | €56,718 | +€883 | +1.6% |
| Taxes | 450/3 | €36,659 | €34,265 | -€2,394 | -6.5% |
| Remuneration and social security | 454/9 | €19,176 | €22,453 | +€3,277 | +17.1% |
| Other amounts payable | 47/48 | €16,665 | €147,237 | +€130,572 | +784% |
| Accrued charges and deferred income | 492/3 | €119,854 | €119,854 | = | 0.0% |
| Remuneration, social security and pensions | 62 | €194,890 | €140,915 | -€53,974 | -27.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €33,874 | €35,640 | +€1,765 | +5.2% |
| Other operating charges | 640/8 | €5,201 | €4,402 | -€798 | -15.3% |
| Gross operating margin | 9900 | €367,726 | €315,478 | -€52,248 | -14.2% |
| Operating profit (loss) | 9901 | €133,762 | €134,521 | +€759 | +0.6% |
| Financial income | 75/76B | €27,877 | €24,357 | -€3,520 | -12.6% |
| Recurring financial income | 75 | €12,624 | €24,357 | +€11,732 | +92.9% |
| Non-recurring financial income | 76B | €15,252 | - | -€15,252 | |
| Financial charges | 65/66B | €11,199 | €7,041 | -€4,159 | -37.1% |
| Recurring financial charges | 65 | €11,199 | €7,041 | -€4,159 | -37.1% |
| Profit (loss) for the period before taxes | 9903 | €150,439 | €151,837 | +€1,398 | +0.9% |
| Income taxes | 67/77 | €46,569 | €56,678 | +€10,109 | +21.7% |
| Profit (loss) for the period | 9904 | €103,870 | €95,159 | -€8,711 | -8.4% |
| Transfer from tax-exempt reserves | 789 | €63,150 | €31,575 | -€31,575 | -50.0% |
| Profit (loss) for the period to be appropriated | 9905 | €167,020 | €126,734 | -€40,286 | -24.1% |
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 16 October 2026 via checked.be.