BV&MD: 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&MD
Largest movements
- Receivables within one year +€26,531
up €26,531 (+310%), from €8,552 to €35,083
of which Trade receivables: +€24,883
- Cash +€12,188
up €12,188 (+590%), from €2,064 to €14,253
mainly Trade debts (+€27,613) and Net result for the year (+€10,344)
- Tangible fixed assets -€9,850
down €9,850 (-30.0%), from €32,833 to €22,983
- Trade debts +€27,613
up €27,613 (+2,333%), from €1,184 to €28,797
- Debts after one year -€11,236
down €11,236 (-86.3%), from €13,016 to €1,780
- Profit (loss) carried forward +€10,344
up €10,344 (+80.6%), from €12,841 to €23,184
- Tax, wage and social debts +€1,412
up €1,412 (+99.7%), from €1,417 to €2,830
- Current portion of long-term debt +€736
up €736 (+6.7%), from €10,991 to €11,727
- Financial income +€13,838
new in 2025: €13,838
of which Financial income: +€13,838
- Financial charges +€12,893
up €12,893 (+796%), from €1,620 to €14,513
of which Non-recurring financial charges: +€13,838
- Turnover +€7,589
up €7,589 (+3.0%), from €249,475 to €257,064
- Gross operating margin +€5,078
up €5,078 (+25.8%), from €19,718 to €24,796
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 | €43,449 | €72,318 | +€28,869 | +66.4% |
| Fixed assets | 21/28 | €32,833 | €22,983 | -€9,850 | -30.0% |
| Tangible fixed assets | 22/27 | €32,833 | €22,983 | -€9,850 | -30.0% |
| Furniture and vehicles | 24 | €32,833 | €22,983 | -€9,850 | -30.0% |
| Current assets | 29/58 | €10,616 | €49,335 | +€38,719 | +365% |
| Amounts receivable within one year | 40/41 | €8,552 | €35,083 | +€26,531 | +310% |
| Trade receivables | 40 | €4,034 | €28,918 | +€24,883 | +617% |
| Other amounts receivable | 41 | €4,517 | €6,165 | +€1,647 | +36.5% |
| Cash at bank and in hand | 54/58 | €2,064 | €14,253 | +€12,188 | +590% |
| Total equity and liabilities | 10/49 | €43,449 | €72,318 | +€28,869 | +66.4% |
| Equity | 10/15 | €16,841 | €27,184 | +€10,344 | +61.4% |
| Contributions | 10/11 | €4,000 | €4,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €12,841 | €23,184 | +€10,344 | +80.6% |
| Amounts payable | 17/49 | €26,608 | €45,134 | +€18,526 | +69.6% |
| Amounts payable after more than one year | 17 | €13,016 | €1,780 | -€11,236 | -86.3% |
| Financial debts | 170/4 | €13,016 | €1,780 | -€11,236 | -86.3% |
| Amounts payable within one year | 42/48 | €13,592 | €43,354 | +€29,762 | +219% |
| Current portion of amounts payable after more than one year | 42 | €10,991 | €11,727 | +€736 | +6.7% |
| Trade debts | 44 | €1,184 | €28,797 | +€27,613 | +2,333% |
| Bills of exchange payable | 441 | €1,184 | €28,797 | +€27,613 | +2,333% |
| Taxes, remuneration and social security | 45 | €1,417 | €2,830 | +€1,412 | +99.7% |
| Taxes | 450/3 | €1,417 | €2,830 | +€1,412 | +99.7% |
| Turnover | 70 | €249,475 | €257,064 | +€7,589 | +3.0% |
| Goods, raw materials, services and sundry goods | 60/61 | €230,149 | €232,268 | +€2,119 | +0.9% |
| Remuneration, social security and pensions | 62 | €674 | €637 | -€37 | -5.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,850 | €9,850 | = | 0.0% |
| Other operating charges | 640/8 | €456 | €366 | -€91 | -19.9% |
| Gross operating margin | 9900 | €19,718 | €24,796 | +€5,078 | +25.8% |
| Operating profit (loss) | 9901 | €8,738 | €13,944 | +€5,205 | +59.6% |
| Financial income | 75/76B | - | €13,838 | +€13,838 | |
| Recurring financial income | 75 | - | €13,838 | +€13,838 | |
| Non-recurring financial income | 76B | - | €13,838 | +€13,838 | |
| Financial charges | 65/66B | €1,620 | €14,513 | +€12,893 | +796% |
| Recurring financial charges | 65 | €1,620 | €675 | -€945 | -58.4% |
| Non-recurring financial charges | 66B | - | €13,838 | +€13,838 | |
| Profit (loss) for the period before taxes | 9903 | €7,119 | €13,269 | +€6,151 | +86.4% |
| Income taxes | 67/77 | €1,725 | €2,925 | +€1,200 | +69.6% |
| Profit (loss) for the period | 9904 | €5,393 | €10,344 | +€4,950 | +91.8% |
| Profit (loss) for the period to be appropriated | 9905 | €5,393 | €10,344 | +€4,950 | +91.8% |
Source: filed annual accounts (NBB), financial years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 20 October 2026 via checked.be.