BV PRINTING: 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 PRINTING
Largest movements
- Financial fixed assets +€250,000
new in 2025: €250,000
- Receivables within one year +€12,229
up €12,229 (+68.9%), from €17,752 to €29,981
of which Other amounts receivable: +€13,923
- Cash -€8,316
down €8,316 (-80.8%), from €10,297 to €1,980
mainly Investment in fixed assets (net) (-€259,843) and Contributions, distributions and other (-€70,000)
- Debts after one year +€202,681
new in 2025: €202,681
- Other debts +€98,496
up €98,496 (+6547.9%), from €1,504 to €100,000
- Reserves -€70,000
down €70,000 (-90.2%), from €77,648 to €7,648
- Current portion of long-term debt +€26,221
new in 2025: €26,221
- Profit (loss) carried forward -€4,011
new in 2025: -€4,011
- Gross operating margin -€16,983
down €16,983 (-50.9%), from €33,381 to €16,398
- Financial charges +€10,283
up €10,283 (+1594.0%), from €645 to €10,929
- Taxes -€6,303
down €6,303 (-80.8%), from €7,805 to €1,502
- Depreciation +€4,683
up €4,683 (+158.5%), from €2,955 to €7,638
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 | €86,102 | €342,211 | +€256,109 | +297.4% |
| Fixed assets | 21/28 | €5,932 | €258,137 | +€252,205 | +4251.6% |
| Tangible fixed assets | 22/27 | €5,932 | €8,137 | +€2,205 | +37.2% |
| Plant, machinery and equipment | 23 | €540 | €312 | -€228 | -42.3% |
| Furniture and vehicles | 24 | €5,392 | €2,775 | -€2,617 | -48.5% |
| Other tangible fixed assets | 26 | - | €5,051 | +€5,051 | |
| Financial fixed assets | 28 | - | €250,000 | +€250,000 | |
| Current assets | 29/58 | €80,170 | €84,074 | +€3,903 | +4.9% |
| Amounts receivable after more than one year | 29 | €50,000 | €50,000 | = | 0.0% |
| Other amounts receivable | 291 | €50,000 | €50,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €17,752 | €29,981 | +€12,229 | +68.9% |
| Trade receivables | 40 | €8,954 | €7,260 | -€1,694 | -18.9% |
| Other amounts receivable | 41 | €8,798 | €22,721 | +€13,923 | +158.3% |
| Cash at bank and in hand | 54/58 | €10,297 | €1,980 | -€8,316 | -80.8% |
| Deferred charges and accrued income | 490/1 | €2,122 | €2,112 | -€10 | -0.4% |
| Total equity and liabilities | 10/49 | €86,102 | €342,211 | +€256,109 | +297.4% |
| Equity | 10/15 | €78,648 | €4,637 | -€74,011 | -94.1% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Reserves | 13 | €77,648 | €7,648 | -€70,000 | -90.2% |
| Distributable reserves | 133 | €77,648 | €7,648 | -€70,000 | -90.2% |
| Profit (loss) carried forward | 14 | - | -€4,011 | -€4,011 | |
| Amounts payable | 17/49 | €7,454 | €337,574 | +€330,120 | +4428.6% |
| Amounts payable after more than one year | 17 | - | €202,681 | +€202,681 | |
| Financial debts | 170/4 | - | €202,681 | +€202,681 | |
| Amounts payable within one year | 42/48 | €7,454 | €132,175 | +€124,721 | +1673.2% |
| Current portion of amounts payable after more than one year | 42 | - | €26,221 | +€26,221 | |
| Financial debts | 43 | €3,812 | - | -€3,812 | |
| Credit institutions | 430/8 | €3,812 | - | -€3,812 | |
| Trade debts | 44 | €292 | €581 | +€289 | +99.1% |
| Suppliers | 440/4 | €292 | €581 | +€289 | +99.1% |
| Taxes, remuneration and social security | 45 | €1,846 | €5,372 | +€3,526 | +191.0% |
| Taxes | 450/3 | €1,846 | €2,631 | +€785 | +42.5% |
| Remuneration and social security | 454/9 | - | €2,741 | +€2,741 | |
| Other amounts payable | 47/48 | €1,504 | €100,000 | +€98,496 | +6547.9% |
| Accrued charges and deferred income | 492/3 | - | €2,718 | +€2,718 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,955 | €7,638 | +€4,683 | +158.5% |
| Other operating charges | 640/8 | €1,617 | €1,856 | +€240 | +14.8% |
| Gross operating margin | 9900 | €33,381 | €16,398 | -€16,983 | -50.9% |
| Operating profit (loss) | 9901 | €28,809 | €6,904 | -€21,906 | -76.0% |
| Financial income | 75/76B | €1,426 | €1,516 | +€90 | +6.3% |
| Recurring financial income | 75 | €1,426 | €1,516 | +€90 | +6.3% |
| Financial charges | 65/66B | €645 | €10,929 | +€10,283 | +1594.0% |
| Recurring financial charges | 65 | €645 | €10,929 | +€10,283 | +1594.0% |
| Profit (loss) for the period before taxes | 9903 | €29,590 | -€2,509 | -€32,100 | |
| Income taxes | 67/77 | €7,805 | €1,502 | -€6,303 | -80.8% |
| Profit (loss) for the period | 9904 | €21,785 | -€4,011 | -€25,796 | |
| Profit (loss) for the period to be appropriated | 9905 | €21,785 | -€4,011 | -€25,796 |
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 6 October 2026 via checked.be.