BV Industrial: 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 Industrial
Largest movements
- Receivables within one year +€93,324
up €93,324 (+38.5%), from €242,270 to €335,594
of which Trade receivables: +€68,883
- Tangible fixed assets -€69,321
down €69,321 (-26.0%), from €266,186 to €196,865
of which Leasing and similar rights: -€43,539
- Stocks and contracts +€43,460
new in 2025: €43,460
- Debts after one year -€85,427
down €85,427 (-69.3%), from €123,243 to €37,816
- Other debts +€61,283
up €61,283 (+45.0%), from €136,131 to €197,415
- Reserves +€61,138
up €61,138 (+98.5%), from €62,066 to €123,204
- Tax, wage and social debts +€26,847
up €26,847 (+2,131%), from €1,260 to €28,107
- Trade debts +€12,940
up €12,940 (+74.0%), from €17,493 to €30,433
- Gross operating margin +€51,349
up €51,349 (+28.1%), from €182,955 to €234,304
- Taxes +€30,364
up €30,364 (+2,410%), from €1,260 to €31,624
- Other operating charges -€9,938
down €9,938 (-36.9%), from €26,937 to €16,999
- Depreciation +€6,020
up €6,020 (+6.7%), from €90,143 to €96,162
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 | €554,963 | €628,401 | +€73,439 | +13.2% |
| Fixed assets | 21/28 | €266,186 | €198,515 | -€67,671 | -25.4% |
| Tangible fixed assets | 22/27 | €266,186 | €196,865 | -€69,321 | -26.0% |
| Plant, machinery and equipment | 23 | €11,581 | €9,070 | -€2,511 | -21.7% |
| Furniture and vehicles | 24 | €60,732 | €37,461 | -€23,271 | -38.3% |
| Leasing and similar rights | 25 | €193,874 | €150,334 | -€43,539 | -22.5% |
| Financial fixed assets | 28 | - | €1,650 | +€1,650 | |
| Current assets | 29/58 | €288,776 | €429,886 | +€141,110 | +48.9% |
| Stocks and contracts in progress | 3 | - | €43,460 | +€43,460 | |
| Contracts in progress | 37 | - | €43,460 | +€43,460 | |
| Amounts receivable within one year | 40/41 | €242,270 | €335,594 | +€93,324 | +38.5% |
| Trade receivables | 40 | €228,276 | €297,160 | +€68,883 | +30.2% |
| Other amounts receivable | 41 | €13,994 | €38,434 | +€24,441 | +175% |
| Cash at bank and in hand | 54/58 | €37,652 | €39,997 | +€2,344 | +6.2% |
| Deferred charges and accrued income | 490/1 | €8,854 | €10,836 | +€1,982 | +22.4% |
| Total equity and liabilities | 10/49 | €554,963 | €628,401 | +€73,439 | +13.2% |
| Equity | 10/15 | €63,066 | €124,204 | +€61,138 | +96.9% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Reserves | 13 | €62,066 | €123,204 | +€61,138 | +98.5% |
| Distributable reserves | 133 | €62,066 | €123,204 | +€61,138 | +98.5% |
| Amounts payable | 17/49 | €491,896 | €504,197 | +€12,301 | +2.5% |
| Amounts payable after more than one year | 17 | €123,243 | €37,816 | -€85,427 | -69.3% |
| Financial debts | 170/4 | €123,243 | €37,816 | -€85,427 | -69.3% |
| Amounts payable within one year | 42/48 | €366,951 | €466,381 | +€99,430 | +27.1% |
| Current portion of amounts payable after more than one year | 42 | €87,067 | €85,427 | -€1,640 | -1.9% |
| Financial debts | 43 | €125,000 | €125,000 | = | 0.0% |
| Credit institutions | 430/8 | €125,000 | €125,000 | = | 0.0% |
| Trade debts | 44 | €17,493 | €30,433 | +€12,940 | +74.0% |
| Suppliers | 440/4 | €17,493 | €30,433 | +€12,940 | +74.0% |
| Taxes, remuneration and social security | 45 | €1,260 | €28,107 | +€26,847 | +2,131% |
| Taxes | 450/3 | €1,260 | €28,107 | +€26,847 | +2,131% |
| Other amounts payable | 47/48 | €136,131 | €197,415 | +€61,283 | +45.0% |
| Accrued charges and deferred income | 492/3 | €1,702 | €0 | -€1,702 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €90,143 | €96,162 | +€6,020 | +6.7% |
| Other operating charges | 640/8 | €26,937 | €16,999 | -€9,938 | -36.9% |
| Non-recurring operating charges | 66A | €11,063 | €0 | -€11,063 | -100% |
| Gross operating margin | 9900 | €182,955 | €234,304 | +€51,349 | +28.1% |
| Operating profit (loss) | 9901 | €54,813 | €121,142 | +€66,329 | +121% |
| Financial income | 75/76B | €0 | €0 | +€0 | |
| Recurring financial income | 75 | €0 | €0 | +€0 | |
| Financial charges | 65/66B | €26,705 | €28,380 | +€1,675 | +6.3% |
| Recurring financial charges | 65 | €26,705 | €28,380 | +€1,675 | +6.3% |
| Profit (loss) for the period before taxes | 9903 | €28,107 | €92,762 | +€64,654 | +230% |
| Income taxes | 67/77 | €1,260 | €31,624 | +€30,364 | +2,410% |
| Profit (loss) for the period | 9904 | €26,848 | €61,138 | +€34,290 | +128% |
| Profit (loss) for the period to be appropriated | 9905 | €26,848 | €61,138 | +€34,290 | +128% |
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 18 October 2026 via checked.be.