BVB Service: what changed
What changed
BVB Service
NACE 43.222, Installation of electric heating, air conditioning, cooling and ventilation
filed annual accounts (NBB)
Net result for the year
€91,275
2023 · €120,370-€29,094
Equity
€500,600
2023 · €409,325+€91,275
Cash
€332,511
2023 · €319,862+€12,649
Balance sheet total
€874,017
2023 · €813,823+€60,194
Largest movements
Assets
- Receivables within one year +€40,845
up €40,845 (+42.5%), from €96,153 to €136,998
of which Trade receivables: +€33,756
- Cash +€12,649
up €12,649 (+4.0%), from €319,862 to €332,511
mainly Net result for the year (+€91,275) and Trade debts (+€44,395)
Equity and liabilities
- Reserves +€58,940
up €58,940 (+36.8%), from €160,028 to €218,968
of which Tax-exempt reserves: +€58,940
- Other debts -€45,178
down €45,178 (-69.0%), from €65,474 to €20,296
- Trade debts +€44,395
up €44,395 (+61.6%), from €72,056 to €116,452
- Profit (loss) carried forward +€32,335
up €32,335 (+13.3%), from €243,097 to €275,433
- Debts after one year -€17,801
down €17,801 (-7.7%), from €231,201 to €213,400
Income statement
- Gross operating margin -€45,212
down €45,212 (-5.9%), from €772,376 to €727,164
- Staff costs -€21,434
down €21,434 (-3.9%), from €550,646 to €529,212
- Taxes +€12,182
up €12,182 (+24.2%), from €50,336 to €62,517
- Financial charges -€9,949
down €9,949 (-83.0%), from €11,994 to €2,045
Change in the result, 2023 to 2024
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2023
€120,370
Gross operating margin
-€45,212
Staff costs
+€21,434
Depreciation
-€1,364
Other operating charges
-€1,865
Other operating items
+€941
Financial income
-€797
Financial charges
+€9,949
Taxes
-€12,182
Result 2024
€91,275
raises the resultlowers the resultnot broken down further in the accounts
Derived cash bridge
The bridge is derived from the 2023 and 2024 balance sheets and the 2024 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€82,029
Investment
-€42,827
Financing
-€26,553
Cash 2023
€319,862
From operations (derived)
+€82,029
Net result for the year
+€91,275
Depreciation
+€36,128
Receivables within one year
-€40,845
Trade debts
+€44,395
Tax, wage and social debts
-€3,432
Other debts
-€45,178
Accrued charges and deferred income
-€314
Investment (derived)
-€42,827
Investment in fixed assets (net)
-€42,827
Financing
-€26,553
Debts after one year
-€17,801
Current portion of long-term debt
-€8,752
Cash 2024
€332,511
brings cash intakes cash out
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €813,823 | €874,017 | +€60,194 | +7.4% |
| Fixed assets | 21/28 | €397,808 | €404,507 | +€6,700 | +1.7% |
| Tangible fixed assets | 22/27 | €397,808 | €404,007 | +€6,200 | +1.6% |
| Land and buildings | 22 | €333,990 | €321,986 | -€12,004 | -3.6% |
| Plant, machinery and equipment | 23 | €10,816 | €6,931 | -€3,885 | -35.9% |
| Furniture and vehicles | 24 | €53,002 | €75,091 | +€22,089 | +41.7% |
| Financial fixed assets | 28 | - | €500 | +€500 | |
| Current assets | 29/58 | €416,015 | €469,509 | +€53,494 | +12.9% |
| Amounts receivable within one year | 40/41 | €96,153 | €136,998 | +€40,845 | +42.5% |
| Trade receivables | 40 | €50,198 | €83,954 | +€33,756 | +67.2% |
| Other amounts receivable | 41 | €45,955 | €53,044 | +€7,089 | +15.4% |
| Cash at bank and in hand | 54/58 | €319,862 | €332,511 | +€12,649 | +4.0% |
| Total equity and liabilities | 10/49 | €813,823 | €874,017 | +€60,194 | +7.4% |
| Equity | 10/15 | €409,325 | €500,600 | +€91,275 | +22.3% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €160,028 | €218,968 | +€58,940 | +36.8% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Tax-exempt reserves | 132 | €110,911 | €169,851 | +€58,940 | +53.1% |
| Distributable reserves | 133 | €47,256 | €47,256 | = | 0.0% |
| Profit (loss) carried forward | 14 | €243,097 | €275,433 | +€32,335 | +13.3% |
| Amounts payable | 17/49 | €404,498 | €373,416 | -€31,082 | -7.7% |
| Amounts payable after more than one year | 17 | €231,201 | €213,400 | -€17,801 | -7.7% |
| Financial debts | 170/4 | €231,201 | €213,400 | -€17,801 | -7.7% |
| Amounts payable within one year | 42/48 | €172,983 | €160,016 | -€12,967 | -7.5% |
| Current portion of amounts payable after more than one year | 42 | €16,987 | €8,235 | -€8,752 | -51.5% |
| Trade debts | 44 | €72,056 | €116,452 | +€44,395 | +61.6% |
| Suppliers | 440/4 | €72,056 | €116,452 | +€44,395 | +61.6% |
| Taxes, remuneration and social security | 45 | €18,466 | €15,034 | -€3,432 | -18.6% |
| Remuneration and social security | 454/9 | €18,466 | €15,034 | -€3,432 | -18.6% |
| Other amounts payable | 47/48 | €65,474 | €20,296 | -€45,178 | -69.0% |
| Accrued charges and deferred income | 492/3 | €314 | - | -€314 | |
| Remuneration, social security and pensions | 62 | €550,646 | €529,212 | -€21,434 | -3.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €34,764 | €36,128 | +€1,364 | +3.9% |
| Other operating charges | 640/8 | €5,819 | €7,684 | +€1,865 | +32.0% |
| Non-recurring operating charges | 66A | €941 | - | -€941 | |
| Gross operating margin | 9900 | €772,376 | €727,164 | -€45,212 | -5.9% |
| Operating profit (loss) | 9901 | €180,205 | €154,140 | -€26,065 | -14.5% |
| Financial income | 75/76B | €2,494 | €1,698 | -€797 | -31.9% |
| Recurring financial income | 75 | €2,494 | €1,698 | -€797 | -31.9% |
| Financial charges | 65/66B | €11,994 | €2,045 | -€9,949 | -83.0% |
| Recurring financial charges | 65 | €11,994 | €2,045 | -€9,949 | -83.0% |
| Profit (loss) for the period before taxes | 9903 | €170,706 | €153,793 | -€16,913 | -9.9% |
| Income taxes | 67/77 | €50,336 | €62,517 | +€12,182 | +24.2% |
| Profit (loss) for the period | 9904 | €120,370 | €91,275 | -€29,094 | -24.2% |
| Transfer to tax-exempt reserves | 689 | €50,520 | €58,940 | +€8,420 | +16.7% |
| Profit (loss) for the period to be appropriated | 9905 | €69,850 | €32,335 | -€37,514 | -53.7% |
Next steps
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Green is a favourable move for that line, red an unfavourable one. Prepared on 5 November 2026 via checked.be.