BV Management: 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 Management
Largest movements
- Cash +€31,964
up €31,964 (+31.4%), from €101,945 to €133,909
mainly Net result for the year (+€80,855) and Depreciation (+€10,468)
- Intangible fixed assets -€10,100
down €10,100 (-11.2%), from €90,183 to €80,083
- Receivables within one year -€2,883
down €2,883 (-17.4%), from €16,610 to €13,727
- Reserves +€80,855
up €80,855 (+95.2%), from €84,937 to €165,792
- Other debts -€35,672
down €35,672 (-40.2%), from €88,782 to €53,109
- Tax, wage and social debts -€26,176
down €26,176 (-82.8%), from €31,630 to €5,454
- Gross operating margin -€6,843
down €6,843 (-5.0%), from €135,792 to €128,948
- Taxes -€1,719
down €1,719 (-4.6%), from €37,427 to €35,708
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 | €209,833 | €229,820 | +€19,987 | +9.5% |
| Fixed assets | 21/28 | €90,183 | €82,103 | -€8,080 | -9.0% |
| Intangible fixed assets | 21 | €90,183 | €80,083 | -€10,100 | -11.2% |
| Tangible fixed assets | 22/27 | - | €2,020 | +€2,020 | |
| Furniture and vehicles | 24 | - | €2,020 | +€2,020 | |
| Current assets | 29/58 | €119,651 | €147,717 | +€28,066 | +23.5% |
| Amounts receivable within one year | 40/41 | €16,610 | €13,727 | -€2,883 | -17.4% |
| Trade receivables | 40 | €16,610 | €13,727 | -€2,883 | -17.4% |
| Cash at bank and in hand | 54/58 | €101,945 | €133,909 | +€31,964 | +31.4% |
| Deferred charges and accrued income | 490/1 | €1,096 | €80 | -€1,015 | -92.7% |
| Total equity and liabilities | 10/49 | €209,833 | €229,820 | +€19,987 | +9.5% |
| Equity | 10/15 | €87,937 | €168,792 | +€80,855 | +91.9% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €84,937 | €165,792 | +€80,855 | +95.2% |
| Distributable reserves | 133 | €84,937 | €165,792 | +€80,855 | +95.2% |
| Amounts payable | 17/49 | €121,896 | €61,028 | -€60,869 | -49.9% |
| Amounts payable within one year | 42/48 | €121,896 | €61,028 | -€60,869 | -49.9% |
| Trade debts | 44 | €1,485 | €2,464 | +€979 | +66.0% |
| Suppliers | 440/4 | €1,485 | €2,464 | +€979 | +66.0% |
| Taxes, remuneration and social security | 45 | €31,630 | €5,454 | -€26,176 | -82.8% |
| Taxes | 450/3 | €31,630 | €5,454 | -€26,176 | -82.8% |
| Other amounts payable | 47/48 | €88,782 | €53,109 | -€35,672 | -40.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,817 | €10,468 | -€349 | -3.2% |
| Other operating charges | 640/8 | €1,889 | €928 | -€961 | -50.9% |
| Gross operating margin | 9900 | €135,792 | €128,948 | -€6,843 | -5.0% |
| Operating profit (loss) | 9901 | €123,085 | €117,552 | -€5,533 | -4.5% |
| Financial income | 75/76B | €272 | €260 | -€12 | -4.4% |
| Recurring financial income | 75 | €272 | €260 | -€12 | -4.4% |
| Financial charges | 65/66B | €993 | €1,249 | +€256 | +25.7% |
| Recurring financial charges | 65 | €993 | €1,249 | +€256 | +25.7% |
| Profit (loss) for the period before taxes | 9903 | €122,364 | €116,563 | -€5,800 | -4.7% |
| Income taxes | 67/77 | €37,427 | €35,708 | -€1,719 | -4.6% |
| Profit (loss) for the period | 9904 | €84,937 | €80,855 | -€4,082 | -4.8% |
| Profit (loss) for the period to be appropriated | 9905 | €84,937 | €80,855 | -€4,082 | -4.8% |
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 3 October 2026 via checked.be.