BV Electronics: 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 Electronics
Largest movements
- Cash +€79,994
up €79,994 (+85.9%), from €93,091 to €173,084
mainly Net result for the year (+€144,010) and Depreciation (+€25,182)
- Tangible fixed assets -€28,547
down €28,547 (-10.5%), from €271,755 to €243,208
of which Furniture and vehicles: -€14,918
- Receivables within one year -€10,912
down €10,912 (-11.7%), from €92,964 to €82,052
of which Other amounts receivable: -€16,021
- Reserves +€144,010
up €144,010 (+76.8%), from €187,468 to €331,479
of which Distributable reserves: +€144,010
- Other debts -€84,502
down €84,502 (-95.9%), from €88,135 to €3,633
- Debts after one year -€13,309
down €13,309 (-7.7%), from €172,504 to €159,195
of which Financial debts: -€13,309
- Trade debts -€13,012
down €13,012 (-27.9%), from €46,565 to €33,553
- Tax, wage and social debts +€8,728
up €8,728 (+215%), from €4,059 to €12,786
of which Taxes: +€6,728
- Turnover +€86,709
up €86,709 (+15.1%), from €575,825 to €662,535
- Gross operating margin +€77,748
up €77,748 (+49.0%), from €158,758 to €236,506
- Staff costs -€40,918
no longer reported in 2025 (was €40,918)
- Taxes +€38,181
up €38,181 (+161%), from €23,714 to €61,894
- Purchases and services +€9,532
up €9,532 (+2.2%), from €431,780 to €441,313
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 | €524,599 | €562,782 | +€38,183 | +7.3% |
| Fixed assets | 21/28 | €271,755 | €243,208 | -€28,547 | -10.5% |
| Tangible fixed assets | 22/27 | €271,755 | €243,208 | -€28,547 | -10.5% |
| Land and buildings | 22 | €223,999 | €213,698 | -€10,301 | -4.6% |
| Plant, machinery and equipment | 23 | €8,400 | €5,072 | -€3,328 | -39.6% |
| Furniture and vehicles | 24 | €39,356 | €24,438 | -€14,918 | -37.9% |
| Current assets | 29/58 | €252,844 | €319,574 | +€66,730 | +26.4% |
| Stocks and contracts in progress | 3 | €66,789 | €63,484 | -€3,305 | -4.9% |
| Stocks | 30/36 | €66,789 | €63,484 | -€3,305 | -4.9% |
| Amounts receivable within one year | 40/41 | €92,964 | €82,052 | -€10,912 | -11.7% |
| Trade receivables | 40 | €64,322 | €69,431 | +€5,109 | +7.9% |
| Other amounts receivable | 41 | €28,642 | €12,621 | -€16,021 | -55.9% |
| Cash at bank and in hand | 54/58 | €93,091 | €173,084 | +€79,994 | +85.9% |
| Deferred charges and accrued income | 490/1 | - | €953 | +€953 | |
| Total equity and liabilities | 10/49 | €524,599 | €562,782 | +€38,183 | +7.3% |
| Equity | 10/15 | €206,068 | €350,079 | +€144,010 | +69.9% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €187,468 | €331,479 | +€144,010 | +76.8% |
| Non-distributable reserves | 130/1 | - | €0 | = | |
| Reserves not available under the articles | 1311 | - | €0 | = | |
| Distributable reserves | 133 | €187,468 | €331,479 | +€144,010 | +76.8% |
| Amounts payable | 17/49 | €318,530 | €212,703 | -€105,827 | -33.2% |
| Amounts payable after more than one year | 17 | €172,504 | €159,195 | -€13,309 | -7.7% |
| Financial debts | 170/4 | €172,504 | €159,195 | -€13,309 | -7.7% |
| Trade debts | 175 | €0 | - | = | |
| Amounts payable within one year | 42/48 | €138,759 | €49,972 | -€88,786 | -64.0% |
| Trade debts | 44 | €46,565 | €33,553 | -€13,012 | -27.9% |
| Suppliers | 440/4 | €46,565 | €33,553 | -€13,012 | -27.9% |
| Taxes, remuneration and social security | 45 | €4,059 | €12,786 | +€8,728 | +215% |
| Taxes | 450/3 | €4,059 | €10,786 | +€6,728 | +166% |
| Remuneration and social security | 454/9 | - | €2,000 | +€2,000 | |
| Other amounts payable | 47/48 | €88,135 | €3,633 | -€84,502 | -95.9% |
| Accrued charges and deferred income | 492/3 | €7,268 | €3,536 | -€3,732 | -51.3% |
| Turnover | 70 | €575,825 | €662,535 | +€86,709 | +15.1% |
| Non-recurring operating income | 76A | €14,713 | €15,284 | +€571 | +3.9% |
| Goods, raw materials, services and sundry goods | 60/61 | €431,780 | €441,313 | +€9,532 | +2.2% |
| Remuneration, social security and pensions | 62 | €40,918 | - | -€40,918 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €26,721 | €25,182 | -€1,539 | -5.8% |
| Other operating charges | 640/8 | €2,514 | €1,952 | -€563 | -22.4% |
| Gross operating margin | 9900 | €158,758 | €236,506 | +€77,748 | +49.0% |
| Operating profit (loss) | 9901 | €88,605 | €209,373 | +€120,768 | +136% |
| Financial income | 75/76B | €10 | €8 | -€1 | -12.4% |
| Recurring financial income | 75 | €10 | €8 | -€1 | -12.4% |
| Non-recurring financial income | 76B | €10 | - | -€10 | |
| Financial charges | 65/66B | €4,325 | €3,476 | -€848 | -19.6% |
| Recurring financial charges | 65 | €4,325 | €3,476 | -€848 | -19.6% |
| Profit (loss) for the period before taxes | 9903 | €84,290 | €205,905 | +€121,615 | +144% |
| Income taxes | 67/77 | €23,714 | €61,894 | +€38,181 | +161% |
| Profit (loss) for the period | 9904 | €60,576 | €144,010 | +€83,434 | +138% |
| Profit (loss) for the period to be appropriated | 9905 | €60,576 | €144,010 | +€83,434 | +138% |
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 28 October 2026 via checked.be.