BvB: 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.
BvB
Largest movements
- Current investments +€35,615
new in 2025: €35,615
- Tangible fixed assets -€17,991
down €17,991 (-6.7%), from €270,249 to €252,257
of which Other tangible fixed assets: -€11,132
- Cash +€17,614
up €17,614 (+8.5%), from €206,133 to €223,747
mainly Net result for the year (+€83,874) and Depreciation (+€35,398)
- Receivables within one year +€13,267
up €13,267 (+1066.2%), from €1,244 to €14,512
of which Other amounts receivable: +€10,481
- Reserves +€80,615
up €80,615 (+44.5%), from €181,300 to €261,915
of which Distributable reserves: +€45,000
- Debts after one year -€49,891
down €49,891 (-29.2%), from €170,678 to €120,788
- Current portion of long-term debt +€26,395
up €26,395 (+123.2%), from €21,428 to €47,822
- Tax, wage and social debts -€15,998
down €15,998 (-83.9%), from €19,066 to €3,068
of which Taxes: -€13,060
- Trade debts +€5,500
up €5,500 (+76.3%), from €7,205 to €12,705
- Staff costs +€57,035
up €57,035 (+159.9%), from €35,661 to €92,696
- Gross operating margin +€25,175
up €25,175 (+10.9%), from €230,399 to €255,574
- Taxes -€14,790
down €14,790 (-34.7%), from €42,650 to €27,860
- Financial charges +€6,044
up €6,044 (+63.9%), from €9,457 to €15,500
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 | €486,758 | €537,936 | +€51,178 | +10.5% |
| Fixed assets | 21/28 | €270,754 | €252,595 | -€18,158 | -6.7% |
| Intangible fixed assets | 21 | €250 | €84 | -€167 | -66.6% |
| Tangible fixed assets | 22/27 | €270,249 | €252,257 | -€17,991 | -6.7% |
| Plant, machinery and equipment | 23 | €11,493 | €8,138 | -€3,355 | -29.2% |
| Furniture and vehicles | 24 | €23,625 | €20,121 | -€3,504 | -14.8% |
| Other tangible fixed assets | 26 | €235,131 | €223,998 | -€11,132 | -4.7% |
| Financial fixed assets | 28 | €255 | €255 | = | 0.0% |
| Current assets | 29/58 | €216,004 | €285,340 | +€69,336 | +32.1% |
| Stocks and contracts in progress | 3 | €8,627 | €11,467 | +€2,839 | +32.9% |
| Stocks | 30/36 | €8,627 | €11,467 | +€2,839 | +32.9% |
| Amounts receivable within one year | 40/41 | €1,244 | €14,512 | +€13,267 | +1066.2% |
| Trade receivables | 40 | €991 | €3,777 | +€2,786 | +281.3% |
| Other amounts receivable | 41 | €254 | €10,735 | +€10,481 | +4128.8% |
| Current investments | 50/53 | - | €35,615 | +€35,615 | |
| Cash at bank and in hand | 54/58 | €206,133 | €223,747 | +€17,614 | +8.5% |
| Total equity and liabilities | 10/49 | €486,758 | €537,936 | +€51,178 | +10.5% |
| Equity | 10/15 | €186,346 | €270,221 | +€83,874 | +45.0% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €181,300 | €261,915 | +€80,615 | +44.5% |
| Non-distributable reserves | 130/1 | - | €35,615 | +€35,615 | |
| Own shares acquired | 1312 | - | €35,615 | +€35,615 | |
| Distributable reserves | 133 | €181,300 | €226,300 | +€45,000 | +24.8% |
| Profit (loss) carried forward | 14 | €46 | €3,306 | +€3,259 | +7058.1% |
| Amounts payable | 17/49 | €300,412 | €267,715 | -€32,696 | -10.9% |
| Amounts payable after more than one year | 17 | €170,678 | €120,788 | -€49,891 | -29.2% |
| Financial debts | 170/4 | €170,678 | €120,788 | -€49,891 | -29.2% |
| Amounts payable within one year | 42/48 | €126,783 | €142,749 | +€15,966 | +12.6% |
| Current portion of amounts payable after more than one year | 42 | €21,428 | €47,822 | +€26,395 | +123.2% |
| Trade debts | 44 | €7,205 | €12,705 | +€5,500 | +76.3% |
| Suppliers | 440/4 | €7,205 | €12,705 | +€5,500 | +76.3% |
| Taxes, remuneration and social security | 45 | €19,066 | €3,068 | -€15,998 | -83.9% |
| Taxes | 450/3 | €14,851 | €1,791 | -€13,060 | -87.9% |
| Remuneration and social security | 454/9 | €4,215 | €1,277 | -€2,937 | -69.7% |
| Other amounts payable | 47/48 | €79,085 | €79,154 | +€69 | +0.1% |
| Accrued charges and deferred income | 492/3 | €2,950 | €4,178 | +€1,228 | +41.6% |
| Remuneration, social security and pensions | 62 | €35,661 | €92,696 | +€57,035 | +159.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €33,366 | €35,398 | +€2,032 | +6.1% |
| Other operating charges | 640/8 | €2,564 | €1,367 | -€1,197 | -46.7% |
| Gross operating margin | 9900 | €230,399 | €255,574 | +€25,175 | +10.9% |
| Operating profit (loss) | 9901 | €158,807 | €126,113 | -€32,694 | -20.6% |
| Financial income | 75/76B | €700 | €1,122 | +€422 | +60.3% |
| Recurring financial income | 75 | €700 | €1,122 | +€422 | +60.3% |
| Financial charges | 65/66B | €9,457 | €15,500 | +€6,044 | +63.9% |
| Recurring financial charges | 65 | €9,457 | €15,500 | +€6,044 | +63.9% |
| Profit (loss) for the period before taxes | 9903 | €150,051 | €111,735 | -€38,316 | -25.5% |
| Income taxes | 67/77 | €42,650 | €27,860 | -€14,790 | -34.7% |
| Profit (loss) for the period | 9904 | €107,401 | €83,874 | -€23,527 | -21.9% |
| Profit (loss) for the period to be appropriated | 9905 | €107,401 | €83,874 | -€23,527 | -21.9% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 11 October 2026 via checked.be.