BV SERVICE: 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 SERVICE
Largest movements
- Cash -€43,496
down €43,496 (-14.8%), from €294,041 to €250,545
mainly Contributions, distributions and other (-€300,000) and Tax, wage and social debts (-€34,424)
- Reserves +€235,728
up €235,728 (+251%), from €94,000 to €329,728
of which Tax-exempt reserves: +€147,350
- Profit (loss) carried forward -€226,047
down €226,047 (-100%), from €226,047 to €0
- Tax, wage and social debts -€34,424
down €34,424 (-39.8%), from €86,523 to €52,099
of which Taxes: -€37,336
- Other debts +€15,138
up €15,138 (+5.2%), from €291,198 to €306,336
- Trade debts -€10,583
down €10,583 (-18.3%), from €57,973 to €47,390
- Staff costs +€74,491
up €74,491 (+24.7%), from €301,852 to €376,343
- Gross operating margin +€56,932
up €56,932 (+7.7%), from €741,156 to €798,088
- Financial income +€11,059
up €11,059 (+146%), from €7,565 to €18,624
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 | €863,356 | €833,699 | -€29,657 | -3.4% |
| Fixed assets | 21/28 | €67,181 | €73,732 | +€6,551 | +9.8% |
| Tangible fixed assets | 22/27 | €67,181 | €73,732 | +€6,551 | +9.8% |
| Furniture and vehicles | 24 | €67,181 | €73,732 | +€6,551 | +9.8% |
| Current assets | 29/58 | €796,175 | €759,967 | -€36,208 | -4.5% |
| Amounts receivable within one year | 40/41 | €0 | - | = | |
| Trade receivables | 40 | €0 | - | = | |
| Other amounts receivable | 41 | €0 | - | = | |
| Current investments | 50/53 | €500,000 | €508,429 | +€8,429 | +1.7% |
| Cash at bank and in hand | 54/58 | €294,041 | €250,545 | -€43,496 | -14.8% |
| Deferred charges and accrued income | 490/1 | €2,134 | €993 | -€1,141 | -53.5% |
| Total equity and liabilities | 10/49 | €863,356 | €833,699 | -€29,657 | -3.4% |
| Equity | 10/15 | €418,047 | €427,728 | +€9,681 | +2.3% |
| Contributions | 10/11 | €98,000 | €98,000 | = | 0.0% |
| Capital | 10 | €98,000 | €98,000 | = | 0.0% |
| Issued capital | 100 | €98,000 | €98,000 | = | 0.0% |
| Reserves | 13 | €94,000 | €329,728 | +€235,728 | +251% |
| Non-distributable reserves | 130/1 | €9,800 | €9,800 | = | 0.0% |
| Legal reserve | 130 | €9,800 | €9,800 | = | 0.0% |
| Tax-exempt reserves | 132 | €84,200 | €231,550 | +€147,350 | +175% |
| Distributable reserves | 133 | - | €88,378 | +€88,378 | |
| Profit (loss) carried forward | 14 | €226,047 | €0 | -€226,047 | -100% |
| Amounts payable | 17/49 | €445,308 | €405,970 | -€39,338 | -8.8% |
| Amounts payable within one year | 42/48 | €435,694 | €405,825 | -€29,870 | -6.9% |
| Trade debts | 44 | €57,973 | €47,390 | -€10,583 | -18.3% |
| Suppliers | 440/4 | €57,973 | €47,390 | -€10,583 | -18.3% |
| Taxes, remuneration and social security | 45 | €86,523 | €52,099 | -€34,424 | -39.8% |
| Taxes | 450/3 | €51,932 | €14,596 | -€37,336 | -71.9% |
| Remuneration and social security | 454/9 | €34,591 | €37,503 | +€2,912 | +8.4% |
| Other amounts payable | 47/48 | €291,198 | €306,336 | +€15,138 | +5.2% |
| Accrued charges and deferred income | 492/3 | €9,614 | €146 | -€9,468 | -98.5% |
| Remuneration, social security and pensions | 62 | €301,852 | €376,343 | +€74,491 | +24.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,030 | €19,739 | +€7,709 | +64.1% |
| Other operating charges | 640/8 | €2,563 | €1,966 | -€598 | -23.3% |
| Non-recurring operating charges | 66A | €33,500 | €0 | -€33,500 | -100% |
| Gross operating margin | 9900 | €741,156 | €798,088 | +€56,932 | +7.7% |
| Operating profit (loss) | 9901 | €391,211 | €400,041 | +€8,830 | +2.3% |
| Financial income | 75/76B | €7,565 | €18,624 | +€11,059 | +146% |
| Recurring financial income | 75 | €7,565 | €18,624 | +€11,059 | +146% |
| Financial charges | 65/66B | €92 | €310 | +€218 | +236% |
| Recurring financial charges | 65 | €92 | €310 | +€218 | +236% |
| Profit (loss) for the period before taxes | 9903 | €398,684 | €418,355 | +€19,671 | +4.9% |
| Income taxes | 67/77 | €107,707 | €108,674 | +€968 | +0.9% |
| Profit (loss) for the period | 9904 | €290,977 | €309,681 | +€18,704 | +6.4% |
| Transfer to tax-exempt reserves | 689 | €0 | €147,350 | +€147,350 | |
| Profit (loss) for the period to be appropriated | 9905 | €290,977 | €162,331 | -€128,646 | -44.2% |
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 30 October 2026 via checked.be.