BVB INVEST: 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 INVEST
Largest movements
- Cash +€47,572
up €47,572 (+142%), from €33,560 to €81,131
mainly Net result for the year (+€106,458) and Other debts (+€22,000)
- Reserves +€106,450
up €106,450 (+175%), from €60,900 to €167,350
- Debts after one year -€103,687
down €103,687 (-7.8%), from €1.3m to €1.2m
- Other debts +€22,000
up €22,000 (+44.0%), from €50,000 to €72,000
- Current portion of long-term debt +€19,823
up €19,823 (+19.9%), from €99,444 to €119,267
- Financial income +€68,560
up €68,560 (+59.4%), from €115,440 to €184,000
- Financial charges +€39,560
up €39,560 (+146%), from €27,025 to €66,584
- Taxes +€1,410
up €1,410 (+23.2%), from €6,090 to €7,500
- Gross operating margin +€323
up €323 (+10.7%), from -€3,026 to -€2,703
- Other operating charges -€65
down €65 (-7.9%), from €819 to €754
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.
Derived cash bridge
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 | €1,553,560 | €1,601,131 | +€47,572 | +3.1% |
| Fixed assets | 21/28 | €1,520,000 | €1,520,000 | = | 0.0% |
| Financial fixed assets | 28 | €1,520,000 | €1,520,000 | = | 0.0% |
| Current assets | 29/58 | €33,560 | €81,131 | +€47,572 | +142% |
| Cash at bank and in hand | 54/58 | €33,560 | €81,131 | +€47,572 | +142% |
| Total equity and liabilities | 10/49 | €1,553,560 | €1,601,131 | +€47,572 | +3.1% |
| Equity | 10/15 | €71,063 | €177,521 | +€106,458 | +150% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Reserves | 13 | €60,900 | €167,350 | +€106,450 | +175% |
| Distributable reserves | 133 | €60,900 | €167,350 | +€106,450 | +175% |
| Profit (loss) carried forward | 14 | €163 | €171 | +€8 | +5.1% |
| Amounts payable | 17/49 | €1,482,497 | €1,423,610 | -€58,887 | -4.0% |
| Amounts payable after more than one year | 17 | €1,326,963 | €1,223,276 | -€103,687 | -7.8% |
| Financial debts | 170/4 | €1,326,963 | €1,223,276 | -€103,687 | -7.8% |
| Amounts payable within one year | 42/48 | €155,534 | €200,334 | +€44,800 | +28.8% |
| Current portion of amounts payable after more than one year | 42 | €99,444 | €119,267 | +€19,823 | +19.9% |
| Taxes, remuneration and social security | 45 | €6,090 | €9,067 | +€2,977 | +48.9% |
| Taxes | 450/3 | €6,090 | €9,067 | +€2,977 | +48.9% |
| Other amounts payable | 47/48 | €50,000 | €72,000 | +€22,000 | +44.0% |
| Other operating charges | 640/8 | €819 | €754 | -€65 | -7.9% |
| Gross operating margin | 9900 | -€3,026 | -€2,703 | +€323 | +10.7% |
| Operating profit (loss) | 9901 | -€3,845 | -€3,457 | +€388 | +10.1% |
| Financial income | 75/76B | €115,440 | €184,000 | +€68,560 | +59.4% |
| Recurring financial income | 75 | €115,440 | €184,000 | +€68,560 | +59.4% |
| Financial charges | 65/66B | €27,025 | €66,584 | +€39,560 | +146% |
| Recurring financial charges | 65 | €27,025 | €66,584 | +€39,560 | +146% |
| Profit (loss) for the period before taxes | 9903 | €84,570 | €113,958 | +€29,388 | +34.7% |
| Income taxes | 67/77 | €6,090 | €7,500 | +€1,410 | +23.2% |
| Profit (loss) for the period | 9904 | €78,480 | €106,458 | +€27,978 | +35.6% |
| Profit (loss) for the period to be appropriated | 9905 | €78,480 | €106,458 | +€27,978 | +35.6% |
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 22 October 2026 via checked.be.