BVA TRANS: 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.
BVA TRANS
Largest movements
- Tangible fixed assets -€45,001
down €45,001 (-35.5%), from €126,737 to €81,736
of which Leasing and similar rights: -€44,934
- Cash -€34,637
down €34,637 (-96.2%), from €36,012 to €1,375
mainly Debts after one year (-€35,126) and Other debts (-€32,758)
- Receivables within one year +€29,797
up €29,797 (+88.3%), from €33,746 to €63,543
- Debts after one year -€35,126
down €35,126 (-47.2%), from €74,367 to €39,242
- Other debts -€32,758
down €32,758 (-76.7%), from €42,698 to €9,940
- Reserves +€15,394
up €15,394 (+56.2%), from €27,413 to €42,807
- Trade debts +€13,423
up €13,423 (+345.0%), from €3,890 to €17,314
- Tax, wage and social debts -€8,459
down €8,459 (-39.7%), from €21,284 to €12,825
- Other operating charges -€6,687
down €6,687 (-34.2%), from €19,554 to €12,867
- Financial charges -€2,305
down €2,305 (-31.7%), from €7,275 to €4,971
- Depreciation +€1,201
up €1,201 (+4.3%), from €27,760 to €28,962
- Taxes +€1,176
up €1,176 (+28.0%), from €4,207 to €5,383
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 | €199,028 | €147,604 | -€51,424 | -25.8% |
| Fixed assets | 21/28 | €126,828 | €81,826 | -€45,001 | -35.5% |
| Tangible fixed assets | 22/27 | €126,737 | €81,736 | -€45,001 | -35.5% |
| Plant, machinery and equipment | 23 | €3,920 | €5,720 | +€1,800 | +45.9% |
| Furniture and vehicles | 24 | €5,195 | €3,327 | -€1,867 | -35.9% |
| Leasing and similar rights | 25 | €117,622 | €72,688 | -€44,934 | -38.2% |
| Financial fixed assets | 28 | €91 | €91 | = | 0.0% |
| Current assets | 29/58 | €72,200 | €65,778 | -€6,422 | -8.9% |
| Amounts receivable within one year | 40/41 | €33,746 | €63,543 | +€29,797 | +88.3% |
| Trade receivables | 40 | €33,746 | €63,543 | +€29,797 | +88.3% |
| Cash at bank and in hand | 54/58 | €36,012 | €1,375 | -€34,637 | -96.2% |
| Deferred charges and accrued income | 490/1 | €2,442 | €860 | -€1,582 | -64.8% |
| Total equity and liabilities | 10/49 | €199,028 | €147,604 | -€51,424 | -25.8% |
| Equity | 10/15 | €30,413 | €45,807 | +€15,394 | +50.6% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €27,413 | €42,807 | +€15,394 | +56.2% |
| Distributable reserves | 133 | €27,413 | €42,807 | +€15,394 | +56.2% |
| Amounts payable | 17/49 | €168,615 | €101,797 | -€66,817 | -39.6% |
| Amounts payable after more than one year | 17 | €74,367 | €39,242 | -€35,126 | -47.2% |
| Financial debts | 170/4 | €74,367 | €39,242 | -€35,126 | -47.2% |
| Amounts payable within one year | 42/48 | €94,153 | €62,556 | -€31,597 | -33.6% |
| Current portion of amounts payable after more than one year | 42 | €26,280 | €22,477 | -€3,803 | -14.5% |
| Trade debts | 44 | €3,890 | €17,314 | +€13,423 | +345.0% |
| Suppliers | 440/4 | €3,890 | €17,314 | +€13,423 | +345.0% |
| Taxes, remuneration and social security | 45 | €21,284 | €12,825 | -€8,459 | -39.7% |
| Taxes | 450/3 | €21,284 | €12,825 | -€8,459 | -39.7% |
| Other amounts payable | 47/48 | €42,698 | €9,940 | -€32,758 | -76.7% |
| Accrued charges and deferred income | 492/3 | €95 | - | -€95 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €27,760 | €28,962 | +€1,201 | +4.3% |
| Other operating charges | 640/8 | €19,554 | €12,867 | -€6,687 | -34.2% |
| Non-recurring operating charges | 66A | €4,984 | €6,360 | +€1,376 | +27.6% |
| Gross operating margin | 9900 | €73,932 | €73,934 | +€3 | 0.0% |
| Operating profit (loss) | 9901 | €21,634 | €25,746 | +€4,112 | +19.0% |
| Financial income | 75/76B | - | €1 | +€1 | |
| Recurring financial income | 75 | - | €1 | +€1 | |
| Financial charges | 65/66B | €7,275 | €4,971 | -€2,305 | -31.7% |
| Recurring financial charges | 65 | €7,275 | €4,971 | -€2,305 | -31.7% |
| Profit (loss) for the period before taxes | 9903 | €14,359 | €20,777 | +€6,418 | +44.7% |
| Income taxes | 67/77 | €4,207 | €5,383 | +€1,176 | +28.0% |
| Profit (loss) for the period | 9904 | €10,152 | €15,394 | +€5,242 | +51.6% |
| Profit (loss) for the period to be appropriated | 9905 | €10,152 | €15,394 | +€5,242 | +51.6% |
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 3 October 2026 via checked.be.