BV IT-SERVICES: 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 IT-SERVICES
Largest movements
- Receivables within one year +€19,501
up €19,501 (+80.8%), from €24,131 to €43,632
of which Trade receivables: +€18,510
- Current investments +€19,053
up €19,053 (+14.2%), from €134,520 to €153,573
- Cash +€17,443
up €17,443 (+37.4%), from €46,588 to €64,031
mainly Net result for the year (+€48,168) and Depreciation (+€9,067)
- Tangible fixed assets -€7,958
down €7,958 (-2.9%), from €269,815 to €261,857
of which Land and buildings: -€7,123
- Reserves +€48,168
up €48,168 (+17.5%), from €274,638 to €322,806
- Debts after one year -€11,868
down €11,868 (-6.9%), from €172,086 to €160,217
- Provisions +€6,527
new in 2025: €6,527
- Gross operating margin +€15,711
up €15,711 (+23.4%), from €67,006 to €82,717
- Taxes +€5,163
up €5,163 (+34.9%), from €14,809 to €19,972
- Financial income +€1,090
up €1,090 (+262.6%), from €415 to €1,505
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 | €475,054 | €523,897 | +€48,843 | +10.3% |
| Fixed assets | 21/28 | €269,815 | €261,857 | -€7,958 | -2.9% |
| Tangible fixed assets | 22/27 | €269,815 | €261,857 | -€7,958 | -2.9% |
| Land and buildings | 22 | €263,569 | €256,446 | -€7,123 | -2.7% |
| Plant, machinery and equipment | 23 | €3,243 | €3,046 | -€196 | -6.1% |
| Furniture and vehicles | 24 | €3,004 | €2,365 | -€639 | -21.3% |
| Current assets | 29/58 | €205,239 | €262,039 | +€56,800 | +27.7% |
| Amounts receivable within one year | 40/41 | €24,131 | €43,632 | +€19,501 | +80.8% |
| Trade receivables | 40 | €19,923 | €38,433 | +€18,510 | +92.9% |
| Other amounts receivable | 41 | €4,208 | €5,199 | +€991 | +23.5% |
| Current investments | 50/53 | €134,520 | €153,573 | +€19,053 | +14.2% |
| Cash at bank and in hand | 54/58 | €46,588 | €64,031 | +€17,443 | +37.4% |
| Deferred charges and accrued income | 490/1 | €0 | €804 | +€804 | |
| Total equity and liabilities | 10/49 | €475,054 | €523,897 | +€48,843 | +10.3% |
| Equity | 10/15 | €287,038 | €335,206 | +€48,168 | +16.8% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €274,638 | €322,806 | +€48,168 | +17.5% |
| Distributable reserves | 133 | €274,638 | €322,806 | +€48,168 | +17.5% |
| Profit (loss) carried forward | 14 | €0 | - | = | |
| Provisions and deferred taxes | 16 | - | €6,527 | +€6,527 | |
| Provisions for liabilities and charges | 160/5 | - | €6,527 | +€6,527 | |
| Major repairs and maintenance | 162 | - | €6,527 | +€6,527 | |
| Amounts payable | 17/49 | €188,015 | €182,163 | -€5,852 | -3.1% |
| Amounts payable after more than one year | 17 | €172,086 | €160,217 | -€11,868 | -6.9% |
| Financial debts | 170/4 | €172,086 | €160,217 | -€11,868 | -6.9% |
| Amounts payable within one year | 42/48 | €15,930 | €21,946 | +€6,016 | +37.8% |
| Current portion of amounts payable after more than one year | 42 | €12,605 | €12,847 | +€242 | +1.9% |
| Financial debts | 43 | €110 | €0 | -€110 | -100.0% |
| Credit institutions | 430/8 | €110 | €0 | -€110 | -100.0% |
| Trade debts | 44 | €0 | €5,010 | +€5,010 | |
| Suppliers | 440/4 | €0 | €5,010 | +€5,010 | |
| Taxes, remuneration and social security | 45 | €3,214 | €3,066 | -€149 | -4.6% |
| Taxes | 450/3 | €3,214 | €3,066 | -€149 | -4.6% |
| Other amounts payable | 47/48 | €0 | €1,023 | +€1,023 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,535 | €9,067 | +€533 | +6.2% |
| Other operating charges | 640/8 | €2,941 | €3,443 | +€502 | +17.1% |
| Gross operating margin | 9900 | €67,006 | €82,717 | +€15,711 | +23.4% |
| Operating profit (loss) | 9901 | €55,531 | €70,206 | +€14,676 | +26.4% |
| Financial income | 75/76B | €415 | €1,505 | +€1,090 | +262.6% |
| Recurring financial income | 75 | €415 | €1,505 | +€1,090 | +262.6% |
| Financial charges | 65/66B | €3,789 | €3,572 | -€217 | -5.7% |
| Recurring financial charges | 65 | €3,789 | €3,572 | -€217 | -5.7% |
| Profit (loss) for the period before taxes | 9903 | €52,157 | €68,140 | +€15,983 | +30.6% |
| Income taxes | 67/77 | €14,809 | €19,972 | +€5,163 | +34.9% |
| Profit (loss) for the period | 9904 | €37,347 | €48,168 | +€10,820 | +29.0% |
| Profit (loss) for the period to be appropriated | 9905 | €37,347 | €48,168 | +€10,820 | +29.0% |
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 4 October 2026 via checked.be.