BV-Projects: 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-Projects
Largest movements
- Receivables within one year +€11,139
up €11,139 (+6.7%), from €166,692 to €177,831
of which Trade receivables: +€17,866
- Tangible fixed assets -€4,915
down €4,915 (-25.2%), from €19,514 to €14,599
of which Plant, machinery and equipment: -€3,015
- Trade debts +€11,873
up €11,873 (+14.0%), from €85,014 to €96,886
- Profit (loss) carried forward +€10,337
up €10,337 (+12.5%), from -€82,443 to -€72,106
- Current portion of long-term debt -€7,319
down €7,319 (-52.2%), from €14,018 to €6,699
- Debts after one year -€6,699
no longer reported in 2025 (was €6,699)
- Other debts -€3,499
down €3,499 (-2.8%), from €125,955 to €122,456
- Turnover -€320,441
no longer reported in 2025 (was €320,441)
- Purchases and services -€212,637
no longer reported in 2025 (was €212,637)
- Gross operating margin +€17,862
up €17,862 (+13.7%), from €130,323 to €148,185
- Taxes -€13,542
down €13,542, from €5,443 to -€8,099
- Write-downs +€12,532
new in 2025: €12,532
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 | €187,710 | €192,430 | +€4,720 | +2.5% |
| Fixed assets | 21/28 | €19,514 | €14,599 | -€4,915 | -25.2% |
| Tangible fixed assets | 22/27 | €19,514 | €14,599 | -€4,915 | -25.2% |
| Plant, machinery and equipment | 23 | €6,854 | €3,838 | -€3,015 | -44.0% |
| Furniture and vehicles | 24 | €12,660 | €10,761 | -€1,900 | -15.0% |
| Current assets | 29/58 | €168,197 | €177,831 | +€9,635 | +5.7% |
| Amounts receivable within one year | 40/41 | €166,692 | €177,831 | +€11,139 | +6.7% |
| Trade receivables | 40 | €85,390 | €103,256 | +€17,866 | +20.9% |
| Other amounts receivable | 41 | €81,302 | €74,575 | -€6,727 | -8.3% |
| Cash at bank and in hand | 54/58 | €1,061 | - | -€1,061 | |
| Deferred charges and accrued income | 490/1 | €444 | - | -€444 | |
| Total equity and liabilities | 10/49 | €187,710 | €192,430 | +€4,720 | +2.5% |
| Equity | 10/15 | -€77,443 | -€67,106 | +€10,337 | +13.3% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€82,443 | -€72,106 | +€10,337 | +12.5% |
| Amounts payable | 17/49 | €265,153 | €259,536 | -€5,617 | -2.1% |
| Amounts payable after more than one year | 17 | €6,699 | - | -€6,699 | |
| Financial debts | 170/4 | €6,699 | - | -€6,699 | |
| Amounts payable within one year | 42/48 | €258,454 | €259,536 | +€1,082 | +0.4% |
| Current portion of amounts payable after more than one year | 42 | €14,018 | €6,699 | -€7,319 | -52.2% |
| Financial debts | 43 | €15,417 | €14,911 | -€505 | -3.3% |
| Credit institutions | 430/8 | €15,417 | €14,911 | -€505 | -3.3% |
| Trade debts | 44 | €85,014 | €96,886 | +€11,873 | +14.0% |
| Suppliers | 440/4 | €85,014 | €96,886 | +€11,873 | +14.0% |
| Taxes, remuneration and social security | 45 | €18,051 | €18,583 | +€532 | +2.9% |
| Taxes | 450/3 | €14,282 | €9,233 | -€5,049 | -35.3% |
| Remuneration and social security | 454/9 | €3,769 | €9,350 | +€5,581 | +148.1% |
| Other amounts payable | 47/48 | €125,955 | €122,456 | -€3,499 | -2.8% |
| Turnover | 70 | €320,441 | - | -€320,441 | |
| Goods, raw materials, services and sundry goods | 60/61 | €212,637 | - | -€212,637 | |
| Remuneration, social security and pensions | 62 | €115,735 | €118,776 | +€3,040 | +2.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,355 | €8,872 | -€483 | -5.2% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €12,532 | +€12,532 | |
| Other operating charges | 640/8 | €3,901 | €2,869 | -€1,032 | -26.5% |
| Gross operating margin | 9900 | €130,323 | €148,185 | +€17,862 | +13.7% |
| Operating profit (loss) | 9901 | €1,331 | €5,137 | +€3,806 | +286.0% |
| Financial income | 75/76B | €140 | €195 | +€55 | +39.0% |
| Recurring financial income | 75 | €140 | €195 | +€55 | +39.0% |
| Financial charges | 65/66B | €4,241 | €3,094 | -€1,146 | -27.0% |
| Recurring financial charges | 65 | €4,241 | €3,094 | -€1,146 | -27.0% |
| Profit (loss) for the period before taxes | 9903 | -€2,770 | €2,237 | +€5,007 | |
| Income taxes | 67/77 | €5,443 | -€8,099 | -€13,542 | |
| Profit (loss) for the period | 9904 | -€8,213 | €10,337 | +€18,549 | |
| Profit (loss) for the period to be appropriated | 9905 | -€8,213 | €10,337 | +€18,549 |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 3 October 2026 via checked.be.