BV SHIPPING: 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 SHIPPING
Largest movements
- Tangible fixed assets -€921,920
down €921,920 (-14.3%), from €6.4m to €5.5m
of which Furniture and vehicles: -€921,353
- Current investments +€257,636
up €257,636 (+36.6%), from €703,721 to €961,357
- Receivables within one year +€250,609
up €250,609 (+21.8%), from €1.2m to €1.4m
of which Trade receivables: +€256,700
- Debts after one year -€294,551
down €294,551 (-31.1%), from €945,647 to €651,095
- Reserves -€109,510
down €109,510 (-10.0%), from €1.1m to €988,948
- Depreciation +€494,424
up €494,424 (+114.0%), from €433,840 to €928,264
- Taxes -€168,623
down €168,623 (-77.1%), from €218,649 to €50,026
- Gross operating margin -€50,965
down €50,965 (-4.4%), from €1.2m to €1.1m
- Financial charges -€35,681
down €35,681 (-38.7%), from €92,291 to €56,610
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 | €9,289,203 | €8,896,624 | -€392,579 | -4.2% |
| Fixed assets | 21/28 | €6,646,294 | €5,724,374 | -€921,920 | -13.9% |
| Tangible fixed assets | 22/27 | €6,425,051 | €5,503,131 | -€921,920 | -14.3% |
| Plant, machinery and equipment | 23 | €2,528 | €1,961 | -€567 | -22.4% |
| Furniture and vehicles | 24 | €6,422,523 | €5,501,169 | -€921,353 | -14.3% |
| Financial fixed assets | 28 | €221,243 | €221,243 | = | 0.0% |
| Current assets | 29/58 | €2,642,909 | €3,172,250 | +€529,341 | +20.0% |
| Amounts receivable after more than one year | 29 | €539,500 | €539,500 | = | 0.0% |
| Other amounts receivable | 291 | €539,500 | €539,500 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €1,150,320 | €1,400,929 | +€250,609 | +21.8% |
| Trade receivables | 40 | €183,300 | €440,000 | +€256,700 | +140.0% |
| Other amounts receivable | 41 | €967,020 | €960,929 | -€6,091 | -0.6% |
| Current investments | 50/53 | €703,721 | €961,357 | +€257,636 | +36.6% |
| Cash at bank and in hand | 54/58 | €227,408 | €249,670 | +€22,263 | +9.8% |
| Deferred charges and accrued income | 490/1 | €21,960 | €20,793 | -€1,167 | -5.3% |
| Total equity and liabilities | 10/49 | €9,289,203 | €8,896,624 | -€392,579 | -4.2% |
| Equity | 10/15 | €7,320,087 | €7,210,576 | -€109,510 | -1.5% |
| Contributions | 10/11 | €6,221,629 | €6,221,629 | = | 0.0% |
| Reserves | 13 | €1,098,458 | €988,948 | -€109,510 | -10.0% |
| Distributable reserves | 133 | €1,098,458 | €988,948 | -€109,510 | -10.0% |
| Amounts payable | 17/49 | €1,969,116 | €1,686,048 | -€283,069 | -14.4% |
| Amounts payable after more than one year | 17 | €945,647 | €651,095 | -€294,551 | -31.1% |
| Financial debts | 170/4 | €945,647 | €651,095 | -€294,551 | -31.1% |
| Amounts payable within one year | 42/48 | €1,023,470 | €1,034,952 | +€11,483 | +1.1% |
| Current portion of amounts payable after more than one year | 42 | €304,565 | €294,551 | -€10,013 | -3.3% |
| Financial debts | 43 | - | €13,501 | +€13,501 | |
| Credit institutions | 430/8 | - | €13,501 | +€13,501 | |
| Trade debts | 44 | €205,730 | €251,536 | +€45,806 | +22.3% |
| Suppliers | 440/4 | €205,730 | €251,536 | +€45,806 | +22.3% |
| Taxes, remuneration and social security | 45 | €232,366 | €188,395 | -€43,971 | -18.9% |
| Taxes | 450/3 | €232,366 | €188,395 | -€43,971 | -18.9% |
| Other amounts payable | 47/48 | €280,808 | €286,969 | +€6,160 | +2.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €433,840 | €928,264 | +€494,424 | +114.0% |
| Other operating charges | 640/8 | €1,902 | €5,007 | +€3,106 | +163.3% |
| Gross operating margin | 9900 | €1,162,204 | €1,111,239 | -€50,965 | -4.4% |
| Operating profit (loss) | 9901 | €726,462 | €177,967 | -€548,495 | -75.5% |
| Financial income | 75/76B | €25,937 | €32,548 | +€6,610 | +25.5% |
| Recurring financial income | 75 | €25,937 | €32,548 | +€6,610 | +25.5% |
| Financial charges | 65/66B | €92,291 | €56,610 | -€35,681 | -38.7% |
| Recurring financial charges | 65 | €92,291 | €56,610 | -€35,681 | -38.7% |
| Profit (loss) for the period before taxes | 9903 | €660,108 | €153,905 | -€506,203 | -76.7% |
| Income taxes | 67/77 | €218,649 | €50,026 | -€168,623 | -77.1% |
| Profit (loss) for the period | 9904 | €441,459 | €103,880 | -€337,580 | -76.5% |
| Profit (loss) for the period to be appropriated | 9905 | €441,459 | €103,880 | -€337,580 | -76.5% |
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 5 October 2026 via checked.be.