BV TEC: 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 TEC
Largest movements
- Receivables within one year +€35,266
up €35,266 (+20.0%), from €176,049 to €211,315
of which Other amounts receivable: +€34,856
- Tangible fixed assets +€32,043
up €32,043 (+312.6%), from €10,249 to €42,292
of which Furniture and vehicles: +€24,679
- Cash +€18,334
up €18,334 (+192.7%), from €9,514 to €27,849
mainly Debts after one year (+€26,771) and Net result for the year (+€25,222)
- Stocks and contracts -€4,522
no longer reported in 2025 (was €4,522)
- Debts after one year +€26,771
new in 2025: €26,771
- Reserves +€25,000
up €25,000 (+16.3%), from €153,110 to €178,110
- Trade debts +€14,212
up €14,212 (+1434.6%), from €991 to €15,203
- Tax, wage and social debts +€7,834
up €7,834 (+30.1%), from €26,043 to €33,878
- Current portion of long-term debt +€7,222
up €7,222 (+71.8%), from €10,064 to €17,286
- Turnover +€117,934
new in 2025: €117,934
- Purchases and services +€94,326
new in 2025: €94,326
- Financial income +€12,279
up €12,279 (+144.7%), from €8,484 to €20,763
of which Non-recurring financial income: +€11,798
- Gross operating margin +€10,254
up €10,254 (+56.3%), from €18,214 to €28,468
- Taxes +€8,571
up €8,571 (+145.2%), from €5,905 to €14,476
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 | €209,159 | €290,421 | +€81,262 | +38.9% |
| Fixed assets | 21/28 | €10,249 | €42,292 | +€32,043 | +312.6% |
| Tangible fixed assets | 22/27 | €10,249 | €42,292 | +€32,043 | +312.6% |
| Plant, machinery and equipment | 23 | - | €7,364 | +€7,364 | |
| Furniture and vehicles | 24 | €10,249 | €34,928 | +€24,679 | +240.8% |
| Current assets | 29/58 | €198,910 | €248,129 | +€49,219 | +24.7% |
| Stocks and contracts in progress | 3 | €4,522 | - | -€4,522 | |
| Stocks | 30/36 | €4,522 | - | -€4,522 | |
| Amounts receivable within one year | 40/41 | €176,049 | €211,315 | +€35,266 | +20.0% |
| Trade receivables | 40 | €31,888 | €32,298 | +€410 | +1.3% |
| Other amounts receivable | 41 | €144,161 | €179,017 | +€34,856 | +24.2% |
| Cash at bank and in hand | 54/58 | €9,514 | €27,849 | +€18,334 | +192.7% |
| Deferred charges and accrued income | 490/1 | €8,825 | €8,965 | +€140 | +1.6% |
| Total equity and liabilities | 10/49 | €209,159 | €290,421 | +€81,262 | +38.9% |
| Equity | 10/15 | €172,061 | €197,283 | +€25,222 | +14.7% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €153,110 | €178,110 | +€25,000 | +16.3% |
| Distributable reserves | 133 | €153,110 | €178,110 | +€25,000 | +16.3% |
| Profit (loss) carried forward | 14 | €6,551 | €6,773 | +€222 | +3.4% |
| Amounts payable | 17/49 | €37,098 | €93,138 | +€56,040 | +151.1% |
| Amounts payable after more than one year | 17 | - | €26,771 | +€26,771 | |
| Financial debts | 170/4 | - | €26,771 | +€26,771 | |
| Amounts payable within one year | 42/48 | €37,098 | €66,367 | +€29,268 | +78.9% |
| Current portion of amounts payable after more than one year | 42 | €10,064 | €17,286 | +€7,222 | +71.8% |
| Trade debts | 44 | €991 | €15,203 | +€14,212 | +1434.6% |
| Suppliers | 440/4 | €991 | €15,203 | +€14,212 | +1434.6% |
| Taxes, remuneration and social security | 45 | €26,043 | €33,878 | +€7,834 | +30.1% |
| Taxes | 450/3 | €26,043 | €33,878 | +€7,834 | +30.1% |
| Turnover | 70 | - | €117,934 | +€117,934 | |
| Goods, raw materials, services and sundry goods | 60/61 | - | €94,326 | +€94,326 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,697 | €7,081 | +€3,384 | +91.5% |
| Other operating charges | 640/8 | €3,039 | €730 | -€2,309 | -76.0% |
| Gross operating margin | 9900 | €18,214 | €28,468 | +€10,254 | +56.3% |
| Operating profit (loss) | 9901 | €11,479 | €20,657 | +€9,179 | +80.0% |
| Financial income | 75/76B | €8,484 | €20,763 | +€12,279 | +144.7% |
| Recurring financial income | 75 | €8,484 | €8,965 | +€481 | +5.7% |
| Non-recurring financial income | 76B | - | €11,798 | +€11,798 | |
| Financial charges | 65/66B | €2,139 | €1,722 | -€417 | -19.5% |
| Recurring financial charges | 65 | €2,139 | €1,478 | -€661 | -30.9% |
| Non-recurring financial charges | 66B | - | €244 | +€244 | |
| Profit (loss) for the period before taxes | 9903 | €17,824 | €39,698 | +€21,874 | +122.7% |
| Income taxes | 67/77 | €5,905 | €14,476 | +€8,571 | +145.2% |
| Profit (loss) for the period | 9904 | €11,919 | €25,222 | +€13,303 | +111.6% |
| Profit (loss) for the period to be appropriated | 9905 | €11,919 | €25,222 | +€13,303 | +111.6% |
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 7 October 2026 via checked.be.