BV IMMOBILIERE: what changed
BV IMMOBILIERE
Largest movements
- Cash -€150,483
down €150,483 (-87.1%), from €172,745 to €22,262
mainly Short-term financial debts (-€113,000) and Debts after one year (-€33,500)
- Stocks and contracts +€19,087
up €19,087 (+7.6%), from €251,572 to €270,660
- Receivables within one year +€9,375
new in 2025: €9,375
- Short-term financial debts -€113,000
down €113,000 (-64.6%), from €175,000 to €62,000
- Debts after one year -€33,500
down €33,500 (-15.5%), from €216,652 to €183,152
- Trade debts +€12,112
up €12,112 (+48,447%), from €25 to €12,137
- Profit (loss) carried forward +€9,616
up €9,616 (+68.3%), from €14,088 to €23,705
- Gross operating margin -€8,955
down €8,955 (-26.7%), from €33,596 to €24,641
- Financial charges +€3,695
up €3,695 (+48.7%), from €7,590 to €11,285
- Taxes -€2,292
down €2,292 (-48.8%), from €4,696 to €2,404
- Other operating charges -€478
down €478 (-23.6%), from €2,028 to €1,550
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €425,261 | €302,646 | -€122,615 | -28.8% |
| Formation expenses | 20 | €879 | €270 | -€609 | -69.3% |
| Current assets | 29/58 | €424,382 | €302,376 | -€122,006 | -28.7% |
| Stocks and contracts in progress | 3 | €251,572 | €270,660 | +€19,087 | +7.6% |
| Stocks | 30/36 | €251,572 | €270,660 | +€19,087 | +7.6% |
| Amounts receivable within one year | 40/41 | - | €9,375 | +€9,375 | |
| Trade receivables | 40 | - | €9,375 | +€9,375 | |
| Cash at bank and in hand | 54/58 | €172,745 | €22,262 | -€150,483 | -87.1% |
| Deferred charges and accrued income | 490/1 | €65 | €79 | +€15 | +22.8% |
| Total equity and liabilities | 10/49 | €425,261 | €302,646 | -€122,615 | -28.8% |
| Equity | 10/15 | €29,088 | €38,705 | +€9,616 | +33.1% |
| Contributions | 10/11 | €15,000 | €15,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €14,088 | €23,705 | +€9,616 | +68.3% |
| Amounts payable | 17/49 | €396,173 | €263,941 | -€132,231 | -33.4% |
| Amounts payable after more than one year | 17 | €216,652 | €183,152 | -€33,500 | -15.5% |
| Other amounts payable | 178/9 | €216,652 | €183,152 | -€33,500 | -15.5% |
| Amounts payable within one year | 42/48 | €179,521 | €80,789 | -€98,731 | -55.0% |
| Financial debts | 43 | €175,000 | €62,000 | -€113,000 | -64.6% |
| Credit institutions | 430/8 | €175,000 | €62,000 | -€113,000 | -64.6% |
| Trade debts | 44 | €25 | €12,137 | +€12,112 | +48,447% |
| Suppliers | 440/4 | €25 | €12,137 | +€12,112 | +48,447% |
| Taxes, remuneration and social security | 45 | €4,496 | €6,653 | +€2,157 | +48.0% |
| Taxes | 450/3 | €4,496 | €6,653 | +€2,157 | +48.0% |
| Other amounts payable | 47/48 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €812 | €609 | -€203 | -25.0% |
| Other operating charges | 640/8 | €2,028 | €1,550 | -€478 | -23.6% |
| Gross operating margin | 9900 | €33,596 | €24,641 | -€8,955 | -26.7% |
| Operating profit (loss) | 9901 | €30,755 | €22,482 | -€8,273 | -26.9% |
| Financial income | 75/76B | €668 | €823 | +€155 | +23.2% |
| Recurring financial income | 75 | €668 | €823 | +€155 | +23.2% |
| Financial charges | 65/66B | €7,590 | €11,285 | +€3,695 | +48.7% |
| Recurring financial charges | 65 | €7,590 | €11,285 | +€3,695 | +48.7% |
| Profit (loss) for the period before taxes | 9903 | €23,834 | €12,020 | -€11,814 | -49.6% |
| Income taxes | 67/77 | €4,696 | €2,404 | -€2,292 | -48.8% |
| Profit (loss) for the period | 9904 | €19,138 | €9,616 | -€9,521 | -49.8% |
| Profit (loss) for the period to be appropriated | 9905 | €19,138 | €9,616 | -€9,521 | -49.8% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 5 November 2026 via checked.be.