BV RENOVATION: 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 RENOVATION
Largest movements
- Receivables within one year +€9,832
up €9,832 (+194%), from €5,060 to €14,892
of which Trade receivables: +€8,772
- Tangible fixed assets +€4,545
up €4,545 (+15.7%), from €28,983 to €33,528
of which Furniture and vehicles: +€12,501
- Cash -€2,099
down €2,099 (-10.8%), from €19,516 to €17,417
mainly Investment in fixed assets (net) (-€23,615) and Net result for the year (-€17,326)
- Debts after one year +€23,658
up €23,658 (+50.0%), from €47,275 to €70,933
- Profit (loss) carried forward -€17,326
down €17,326 (-304%), from -€5,692 to -€23,019
- Trade debts +€4,966
up €4,966 (+1,473%), from €337 to €5,303
- Gross operating margin -€6,114
down €6,114 (-59.9%), from €10,215 to €4,101
- Depreciation +€4,842
up €4,842 (+32.0%), from €15,130 to €19,972
- Other operating charges +€592
up €592 (+93.8%), from €631 to €1,223
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 | €58,615 | €70,248 | +€11,633 | +19.8% |
| Formation expenses | 20 | €479 | €21 | -€457 | -95.5% |
| Fixed assets | 21/28 | €32,592 | €36,692 | +€4,100 | +12.6% |
| Intangible fixed assets | 21 | €3,609 | €3,165 | -€444 | -12.3% |
| Tangible fixed assets | 22/27 | €28,983 | €33,528 | +€4,545 | +15.7% |
| Plant, machinery and equipment | 23 | €12,249 | €5,459 | -€6,790 | -55.4% |
| Furniture and vehicles | 24 | €13,093 | €25,594 | +€12,501 | +95.5% |
| Other tangible fixed assets | 26 | €3,641 | €2,475 | -€1,166 | -32.0% |
| Current assets | 29/58 | €25,544 | €33,534 | +€7,990 | +31.3% |
| Amounts receivable within one year | 40/41 | €5,060 | €14,892 | +€9,832 | +194% |
| Trade receivables | 40 | €3,205 | €11,977 | +€8,772 | +274% |
| Other amounts receivable | 41 | €1,855 | €2,915 | +€1,059 | +57.1% |
| Cash at bank and in hand | 54/58 | €19,516 | €17,417 | -€2,099 | -10.8% |
| Deferred charges and accrued income | 490/1 | €968 | €1,225 | +€257 | +26.6% |
| Total equity and liabilities | 10/49 | €58,615 | €70,248 | +€11,633 | +19.8% |
| Equity | 10/15 | €9,383 | -€7,943 | -€17,326 | |
| Contributions | 10/11 | €4,000 | €4,000 | = | 0.0% |
| Reserves | 13 | €11,076 | €11,076 | = | 0.0% |
| Distributable reserves | 133 | €11,076 | €11,076 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€5,692 | -€23,019 | -€17,326 | -304% |
| Amounts payable | 17/49 | €49,232 | €78,191 | +€28,959 | +58.8% |
| Amounts payable after more than one year | 17 | €47,275 | €70,933 | +€23,658 | +50.0% |
| Other amounts payable | 178/9 | €47,275 | €70,933 | +€23,658 | +50.0% |
| Amounts payable within one year | 42/48 | €1,957 | €7,258 | +€5,301 | +271% |
| Trade debts | 44 | €337 | €5,303 | +€4,966 | +1,473% |
| Suppliers | 440/4 | €337 | €5,303 | +€4,966 | +1,473% |
| Taxes, remuneration and social security | 45 | €1,620 | €1,955 | +€335 | +20.7% |
| Taxes | 450/3 | €420 | €755 | +€335 | +79.9% |
| Remuneration and social security | 454/9 | €1,200 | €1,200 | = | 0.0% |
| Other amounts payable | 47/48 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,130 | €19,972 | +€4,842 | +32.0% |
| Other operating charges | 640/8 | €631 | €1,223 | +€592 | +93.8% |
| Gross operating margin | 9900 | €10,215 | €4,101 | -€6,114 | -59.9% |
| Operating profit (loss) | 9901 | -€5,546 | -€17,094 | -€11,548 | -208% |
| Financial income | 75/76B | €0 | €0 | +€0 | +3,500% |
| Recurring financial income | 75 | €0 | €0 | +€0 | +3,500% |
| Financial charges | 65/66B | €146 | €140 | -€6 | -4.1% |
| Recurring financial charges | 65 | €146 | €140 | -€6 | -4.1% |
| Profit (loss) for the period before taxes | 9903 | -€5,692 | -€17,234 | -€11,541 | -203% |
| Income taxes | 67/77 | €0 | €93 | +€93 | |
| Profit (loss) for the period | 9904 | -€5,692 | -€17,326 | -€11,634 | -204% |
| Profit (loss) for the period to be appropriated | 9905 | -€5,692 | -€17,326 | -€11,634 | -204% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 25 October 2026 via checked.be.