BVB-Construct: 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.
BVB-Construct
Largest movements
- Cash +€11,763
up €11,763 (+72.8%), from €16,161 to €27,924
mainly Depreciation (+€14,286) and Debts after one year (+€7,903)
- Receivables within one year +€9,841
up €9,841 (+47.2%), from €20,848 to €30,689
of which Trade receivables: +€10,506
- Stocks and contracts -€7,719
down €7,719 (-36.6%), from €21,115 to €13,396
- Tangible fixed assets +€7,714
up €7,714 (+6.5%), from €119,453 to €127,167
of which Furniture and vehicles: +€13,350
- Debts after one year +€7,903
up €7,903 (+9.3%), from €85,290 to €93,194
- Advances received +€7,815
new in 2025: €7,815
- Other debts +€3,967
up €3,967 (+69.8%), from €5,682 to €9,648
- Current portion of long-term debt +€3,330
up €3,330 (+30.9%), from €10,772 to €14,102
- Profit (loss) carried forward +€2,776
up €2,776 (+17.0%), from €16,355 to €19,132
- Gross operating margin +€15,383
up €15,383 (+7.9%), from €193,712 to €209,094
- Staff costs +€15,037
up €15,037 (+9.0%), from €166,450 to €181,487
- Depreciation +€7,584
up €7,584 (+113.2%), from €6,702 to €14,286
- Taxes +€3,002
up €3,002 (+689.7%), from €435 to €3,437
- Other operating charges +€2,114
up €2,114 (+124.9%), from €1,693 to €3,807
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 | €178,412 | €200,146 | +€21,734 | +12.2% |
| Fixed assets | 21/28 | €119,453 | €127,167 | +€7,714 | +6.5% |
| Tangible fixed assets | 22/27 | €119,453 | €127,167 | +€7,714 | +6.5% |
| Land and buildings | 22 | €81,552 | €76,967 | -€4,585 | -5.6% |
| Plant, machinery and equipment | 23 | €9,772 | €8,721 | -€1,051 | -10.8% |
| Furniture and vehicles | 24 | €28,128 | €41,478 | +€13,350 | +47.5% |
| Current assets | 29/58 | €58,959 | €72,979 | +€14,020 | +23.8% |
| Stocks and contracts in progress | 3 | €21,115 | €13,396 | -€7,719 | -36.6% |
| Stocks | 30/36 | €21,115 | €13,396 | -€7,719 | -36.6% |
| Amounts receivable within one year | 40/41 | €20,848 | €30,689 | +€9,841 | +47.2% |
| Trade receivables | 40 | €13,147 | €23,653 | +€10,506 | +79.9% |
| Other amounts receivable | 41 | €7,701 | €7,036 | -€665 | -8.6% |
| Cash at bank and in hand | 54/58 | €16,161 | €27,924 | +€11,763 | +72.8% |
| Deferred charges and accrued income | 490/1 | €835 | €970 | +€134 | +16.1% |
| Total equity and liabilities | 10/49 | €178,412 | €200,146 | +€21,734 | +12.2% |
| Equity | 10/15 | €49,951 | €52,727 | +€2,776 | +5.6% |
| Contributions | 10/11 | €14,260 | €14,260 | = | 0.0% |
| Reserves | 13 | €19,335 | €19,335 | = | 0.0% |
| Distributable reserves | 133 | €19,335 | €19,335 | = | 0.0% |
| Profit (loss) carried forward | 14 | €16,355 | €19,132 | +€2,776 | +17.0% |
| Amounts payable | 17/49 | €128,461 | €147,419 | +€18,958 | +14.8% |
| Amounts payable after more than one year | 17 | €85,290 | €93,194 | +€7,903 | +9.3% |
| Financial debts | 170/4 | €85,290 | €93,194 | +€7,903 | +9.3% |
| Amounts payable within one year | 42/48 | €43,160 | €54,225 | +€11,065 | +25.6% |
| Current portion of amounts payable after more than one year | 42 | €10,772 | €14,102 | +€3,330 | +30.9% |
| Trade debts | 44 | €12,998 | €10,613 | -€2,384 | -18.3% |
| Suppliers | 440/4 | €12,998 | €10,613 | -€2,384 | -18.3% |
| Advances received on contracts in progress | 46 | - | €7,815 | +€7,815 | |
| Taxes, remuneration and social security | 45 | €13,709 | €12,047 | -€1,662 | -12.1% |
| Taxes | 450/3 | €1,088 | €1,115 | +€27 | +2.5% |
| Remuneration and social security | 454/9 | €12,621 | €10,932 | -€1,689 | -13.4% |
| Other amounts payable | 47/48 | €5,682 | €9,648 | +€3,967 | +69.8% |
| Accrued charges and deferred income | 492/3 | €11 | - | -€11 | |
| Non-recurring operating income | 76A | €8,956 | €3,141 | -€5,815 | -64.9% |
| Remuneration, social security and pensions | 62 | €166,450 | €181,487 | +€15,037 | +9.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,702 | €14,286 | +€7,584 | +113.2% |
| Other operating charges | 640/8 | €1,693 | €3,807 | +€2,114 | +124.9% |
| Non-recurring operating charges | 66A | €441 | - | -€441 | |
| Gross operating margin | 9900 | €193,712 | €209,094 | +€15,383 | +7.9% |
| Operating profit (loss) | 9901 | €18,426 | €9,515 | -€8,911 | -48.4% |
| Financial income | 75/76B | €107 | €0 | -€107 | -99.9% |
| Recurring financial income | 75 | €107 | €0 | -€107 | -99.9% |
| Financial charges | 65/66B | €2,047 | €3,302 | +€1,255 | +61.3% |
| Recurring financial charges | 65 | €2,047 | €3,302 | +€1,255 | +61.3% |
| Profit (loss) for the period before taxes | 9903 | €16,487 | €6,213 | -€10,273 | -62.3% |
| Income taxes | 67/77 | €435 | €3,437 | +€3,002 | +689.7% |
| Profit (loss) for the period | 9904 | €16,051 | €2,776 | -€13,275 | -82.7% |
| Profit (loss) for the period to be appropriated | 9905 | €16,051 | €2,776 | -€13,275 | -82.7% |
Source: filed annual accounts (NBB), fiscal years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.