BV GROUP: 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 GROUP
Largest movements
- Financial fixed assets +€350,000
up €350,000 (+5,833%), from €6,000 to €356,000
- Receivables within one year -€128,700
down €128,700 (-83.8%), from €153,499 to €24,799
of which Other amounts receivable: -€125,546
- Tangible fixed assets -€16,546
down €16,546 (-89.0%), from €18,589 to €2,043
- Cash -€7,683
down €7,683 (-74.2%), from €10,348 to €2,665
mainly Investment in fixed assets (net) (-€343,809) and Net result for the year (-€11,562)
- Other debts +€198,013
up €198,013 (+2,914%), from €6,795 to €204,808
- Trade debts +€19,422
up €19,422 (+191%), from €10,155 to €29,577
- Profit (loss) carried forward -€11,562
down €11,562 (-9.3%), from €124,186 to €112,623
- Tax, wage and social debts -€8,601
down €8,601 (-19.4%), from €44,301 to €35,699
- Gross operating margin -€157,912
down €157,912 (-99.1%), from €159,366 to €1,454
- Taxes -€34,989
down €34,989 (-98.5%), from €35,512 to €523
- Depreciation -€4,771
down €4,771 (-31.5%), from €15,125 to €10,354
- Financial income -€3,248
down €3,248 (-99.9%), from €3,253 to €4
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 | €188,436 | €386,119 | +€197,683 | +105% |
| Fixed assets | 21/28 | €24,589 | €358,043 | +€333,454 | +1,356% |
| Tangible fixed assets | 22/27 | €18,589 | €2,043 | -€16,546 | -89.0% |
| Furniture and vehicles | 24 | €18,589 | €2,043 | -€16,546 | -89.0% |
| Financial fixed assets | 28 | €6,000 | €356,000 | +€350,000 | +5,833% |
| Current assets | 29/58 | €163,848 | €28,076 | -€135,771 | -82.9% |
| Amounts receivable within one year | 40/41 | €153,499 | €24,799 | -€128,700 | -83.8% |
| Trade receivables | 40 | €3,234 | €80 | -€3,154 | -97.5% |
| Other amounts receivable | 41 | €150,265 | €24,719 | -€125,546 | -83.5% |
| Cash at bank and in hand | 54/58 | €10,348 | €2,665 | -€7,683 | -74.2% |
| Deferred charges and accrued income | 490/1 | - | €612 | +€612 | |
| Total equity and liabilities | 10/49 | €188,436 | €386,119 | +€197,683 | +105% |
| Equity | 10/15 | €127,186 | €115,623 | -€11,562 | -9.1% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €124,186 | €112,623 | -€11,562 | -9.3% |
| Amounts payable | 17/49 | €61,250 | €270,496 | +€209,246 | +342% |
| Amounts payable within one year | 42/48 | €61,250 | €270,088 | +€208,838 | +341% |
| Financial debts | 43 | - | €4 | +€4 | |
| Credit institutions | 430/8 | - | €4 | +€4 | |
| Trade debts | 44 | €10,155 | €29,577 | +€19,422 | +191% |
| Suppliers | 440/4 | €10,155 | €29,577 | +€19,422 | +191% |
| Taxes, remuneration and social security | 45 | €44,301 | €35,699 | -€8,601 | -19.4% |
| Taxes | 450/3 | €44,301 | €35,699 | -€8,601 | -19.4% |
| Other amounts payable | 47/48 | €6,795 | €204,808 | +€198,013 | +2,914% |
| Accrued charges and deferred income | 492/3 | - | €408 | +€408 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,125 | €10,354 | -€4,771 | -31.5% |
| Other operating charges | 640/8 | €1,030 | €1,828 | +€798 | +77.5% |
| Gross operating margin | 9900 | €159,366 | €1,454 | -€157,912 | -99.1% |
| Operating profit (loss) | 9901 | €143,211 | -€10,728 | -€153,939 | |
| Financial income | 75/76B | €3,253 | €4 | -€3,248 | -99.9% |
| Recurring financial income | 75 | €3,253 | €4 | -€3,248 | -99.9% |
| Financial charges | 65/66B | €180 | €315 | +€135 | +75.4% |
| Recurring financial charges | 65 | €180 | €315 | +€135 | +75.4% |
| Profit (loss) for the period before taxes | 9903 | €146,284 | -€11,039 | -€157,323 | |
| Income taxes | 67/77 | €35,512 | €523 | -€34,989 | -98.5% |
| Profit (loss) for the period | 9904 | €110,771 | -€11,562 | -€122,334 | |
| Profit (loss) for the period to be appropriated | 9905 | €110,771 | -€11,562 | -€122,334 |
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 15 October 2026 via checked.be.