BVACC: 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.
BVACC
Largest movements
- Cash +€28,660
up €28,660 (+32.4%), from €88,320 to €116,980
mainly Other debts (+€168,048) and Net result for the year (+€34,262)
- Receivables within one year +€21,668
up €21,668 (+238.6%), from €9,082 to €30,750
of which Trade receivables: +€11,816
- Tangible fixed assets -€9,159
down €9,159 (-30.1%), from €30,467 to €21,308
of which Furniture and vehicles: -€11,356
- Other debts +€168,048
up €168,048 (+268489.8%), from €63 to €168,110
- Profit (loss) carried forward -€132,597
down €132,597 (-100.0%), from €132,597 to €0
- Tax, wage and social debts +€4,740
up €4,740 (+38.0%), from €12,491 to €17,231
- Gross operating margin +€22,631
up €22,631 (+61.6%), from €36,760 to €59,391
- Taxes +€6,379
up €6,379 (+117.1%), from €5,446 to €11,825
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 | €146,992 | €188,629 | +€41,637 | +28.3% |
| Fixed assets | 21/28 | €30,467 | €21,308 | -€9,159 | -30.1% |
| Tangible fixed assets | 22/27 | €30,467 | €21,308 | -€9,159 | -30.1% |
| Furniture and vehicles | 24 | €30,467 | €19,111 | -€11,356 | -37.3% |
| Other tangible fixed assets | 26 | - | €2,198 | +€2,198 | |
| Current assets | 29/58 | €116,525 | €167,320 | +€50,796 | +43.6% |
| Amounts receivable after more than one year | 29 | €18,200 | €18,200 | = | 0.0% |
| Other amounts receivable | 291 | €18,200 | €18,200 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €9,082 | €30,750 | +€21,668 | +238.6% |
| Trade receivables | 40 | €9,082 | €20,897 | +€11,816 | +130.1% |
| Other amounts receivable | 41 | - | €9,853 | +€9,853 | |
| Cash at bank and in hand | 54/58 | €88,320 | €116,980 | +€28,660 | +32.4% |
| Deferred charges and accrued income | 490/1 | €923 | €1,391 | +€468 | +50.7% |
| Total equity and liabilities | 10/49 | €146,992 | €188,629 | +€41,637 | +28.3% |
| Equity | 10/15 | €133,597 | €1,000 | -€132,597 | -99.3% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €132,597 | €0 | -€132,597 | -100.0% |
| Amounts payable | 17/49 | €13,395 | €187,629 | +€174,234 | +1300.7% |
| Amounts payable within one year | 42/48 | €13,047 | €187,629 | +€174,581 | +1338.0% |
| Trade debts | 44 | €494 | €2,247 | +€1,753 | +355.0% |
| Suppliers | 440/4 | €494 | €2,247 | +€1,753 | +355.0% |
| Advances received on contracts in progress | 46 | - | €40 | +€40 | |
| Taxes, remuneration and social security | 45 | €12,491 | €17,231 | +€4,740 | +38.0% |
| Taxes | 450/3 | €12,491 | €17,231 | +€4,740 | +38.0% |
| Other amounts payable | 47/48 | €63 | €168,110 | +€168,048 | +268489.8% |
| Accrued charges and deferred income | 492/3 | €348 | €0 | -€348 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,758 | €13,029 | +€272 | +2.1% |
| Other operating charges | 640/8 | €297 | €330 | +€32 | +10.8% |
| Gross operating margin | 9900 | €36,760 | €59,391 | +€22,631 | +61.6% |
| Operating profit (loss) | 9901 | €23,705 | €46,032 | +€22,327 | +94.2% |
| Financial income | 75/76B | €468 | €601 | +€133 | +28.3% |
| Recurring financial income | 75 | €468 | €601 | +€133 | +28.3% |
| Financial charges | 65/66B | €788 | €546 | -€242 | -30.7% |
| Recurring financial charges | 65 | €788 | €546 | -€242 | -30.7% |
| Profit (loss) for the period before taxes | 9903 | €23,386 | €46,087 | +€22,701 | +97.1% |
| Income taxes | 67/77 | €5,446 | €11,825 | +€6,379 | +117.1% |
| Profit (loss) for the period | 9904 | €17,939 | €34,262 | +€16,323 | +91.0% |
| Profit (loss) for the period to be appropriated | 9905 | €17,939 | €34,262 | +€16,323 | +91.0% |
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 9 October 2026 via checked.be.