BV GROUP: 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 GROUP
Largest movements
- Cash +€28,231
up €28,231 (+42.0%), from €67,168 to €95,398
mainly Net result for the year (+€22,336) and Accrued charges and deferred income (+€5,715)
- Receivables within one year -€3,417
down €3,417 (-51.0%), from €6,702 to €3,285
- Profit (loss) carried forward +€22,336
up €22,336 (+25.3%), from €88,111 to €110,447
- Accrued charges and deferred income +€5,715
up €5,715 (+105.4%), from €5,422 to €11,137
- Other debts -€1,500
down €1,500 (-89.9%), from €1,669 to €169
- Gross operating margin +€19,205
up €19,205 (+108.2%), from €17,752 to €36,957
- Taxes +€4,417
up €4,417 (+83.4%), from €5,298 to €9,715
- Depreciation -€2,457
down €2,457 (-44.1%), from €5,573 to €3,117
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 | €121,394 | €147,407 | +€26,013 | +21.4% |
| Fixed assets | 21/28 | €7,470 | €8,497 | +€1,026 | +13.7% |
| Tangible fixed assets | 22/27 | €7,470 | €8,497 | +€1,026 | +13.7% |
| Furniture and vehicles | 24 | €1,922 | €379 | -€1,543 | -80.3% |
| Other tangible fixed assets | 26 | €5,548 | €8,118 | +€2,569 | +46.3% |
| Current assets | 29/58 | €113,924 | €138,911 | +€24,987 | +21.9% |
| Amounts receivable within one year | 40/41 | €6,702 | €3,285 | -€3,417 | -51.0% |
| Other amounts receivable | 41 | €6,702 | €3,285 | -€3,417 | -51.0% |
| Cash at bank and in hand | 54/58 | €67,168 | €95,398 | +€28,231 | +42.0% |
| Deferred charges and accrued income | 490/1 | €40,054 | €40,227 | +€173 | +0.4% |
| Total equity and liabilities | 10/49 | €121,394 | €147,407 | +€26,013 | +21.4% |
| Equity | 10/15 | €109,327 | €131,663 | +€22,336 | +20.4% |
| Contributions | 10/11 | €21,216 | €21,216 | = | 0.0% |
| Profit (loss) carried forward | 14 | €88,111 | €110,447 | +€22,336 | +25.3% |
| Amounts payable | 17/49 | €12,067 | €15,745 | +€3,677 | +30.5% |
| Amounts payable within one year | 42/48 | €6,645 | €4,608 | -€2,038 | -30.7% |
| Trade debts | 44 | €4,976 | €4,438 | -€538 | -10.8% |
| Suppliers | 440/4 | €4,976 | €4,438 | -€538 | -10.8% |
| Other amounts payable | 47/48 | €1,669 | €169 | -€1,500 | -89.9% |
| Accrued charges and deferred income | 492/3 | €5,422 | €11,137 | +€5,715 | +105.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,573 | €3,117 | -€2,457 | -44.1% |
| Other operating charges | 640/8 | €1,486 | €1,526 | +€40 | +2.7% |
| Gross operating margin | 9900 | €17,752 | €36,957 | +€19,205 | +108.2% |
| Operating profit (loss) | 9901 | €10,693 | €32,314 | +€21,622 | +202.2% |
| Financial income | 75/76B | €1 | - | -€1 | |
| Recurring financial income | 75 | €1 | - | -€1 | |
| Financial charges | 65/66B | €367 | €263 | -€103 | -28.2% |
| Recurring financial charges | 65 | €367 | €263 | -€103 | -28.2% |
| Profit (loss) for the period before taxes | 9903 | €10,327 | €32,051 | +€21,724 | +210.4% |
| Income taxes | 67/77 | €5,298 | €9,715 | +€4,417 | +83.4% |
| Profit (loss) for the period | 9904 | €5,029 | €22,336 | +€17,307 | +344.2% |
| Profit (loss) for the period to be appropriated | 9905 | €5,029 | €22,336 | +€17,307 | +344.2% |
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 8 October 2026 via checked.be.