BVBQ: 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.
BVBQ
Largest movements
- Cash +€25,875
up €25,875 (+54.3%), from €47,687 to €73,562
mainly Other debts (+€75,000) and Net result for the year (+€26,582)
- Tangible fixed assets +€2,509
new in 2025: €2,509
- Other debts +€75,000
new in 2025: €75,000
- Profit (loss) carried forward -€50,753
no longer reported in 2025 (was €50,753)
- Reserves +€2,335
new in 2025: €2,335
- Gross operating margin +€7,030
up €7,030 (+25.3%), from €27,752 to €34,782
- Taxes +€1,438
up €1,438 (+25.2%), from €5,699 to €7,137
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 | €72,642 | €101,145 | +€28,502 | +39.2% |
| Fixed assets | 21/28 | - | €2,509 | +€2,509 | |
| Tangible fixed assets | 22/27 | - | €2,509 | +€2,509 | |
| Plant, machinery and equipment | 23 | - | €2,509 | +€2,509 | |
| Current assets | 29/58 | €72,642 | €98,636 | +€25,993 | +35.8% |
| Amounts receivable within one year | 40/41 | €24,955 | €25,062 | +€107 | +0.4% |
| Trade receivables | 40 | €24,684 | €24,006 | -€678 | -2.7% |
| Other amounts receivable | 41 | €271 | €1,056 | +€784 | +289.0% |
| Cash at bank and in hand | 54/58 | €47,687 | €73,562 | +€25,875 | +54.3% |
| Deferred charges and accrued income | 490/1 | - | €11 | +€11 | |
| Total equity and liabilities | 10/49 | €72,642 | €101,145 | +€28,502 | +39.2% |
| Equity | 10/15 | €53,753 | €5,335 | -€48,418 | -90.1% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | - | €2,335 | +€2,335 | |
| Distributable reserves | 133 | - | €2,335 | +€2,335 | |
| Profit (loss) carried forward | 14 | €50,753 | - | -€50,753 | |
| Amounts payable | 17/49 | €18,890 | €95,810 | +€76,920 | +407.2% |
| Amounts payable within one year | 42/48 | €18,890 | €95,077 | +€76,187 | +403.3% |
| Trade debts | 44 | €579 | €765 | +€186 | +32.1% |
| Suppliers | 440/4 | €579 | €765 | +€186 | +32.1% |
| Taxes, remuneration and social security | 45 | €18,311 | €19,312 | +€1,002 | +5.5% |
| Taxes | 450/3 | €18,311 | €19,312 | +€1,002 | +5.5% |
| Other amounts payable | 47/48 | - | €75,000 | +€75,000 | |
| Accrued charges and deferred income | 492/3 | - | €733 | +€733 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €283 | +€283 | |
| Other operating charges | 640/8 | €892 | €662 | -€230 | -25.8% |
| Gross operating margin | 9900 | €27,752 | €34,782 | +€7,030 | +25.3% |
| Operating profit (loss) | 9901 | €26,860 | €33,837 | +€6,977 | +26.0% |
| Financial charges | 65/66B | €131 | €118 | -€14 | -10.3% |
| Recurring financial charges | 65 | €131 | €118 | -€14 | -10.3% |
| Profit (loss) for the period before taxes | 9903 | €26,729 | €33,719 | +€6,991 | +26.2% |
| Income taxes | 67/77 | €5,699 | €7,137 | +€1,438 | +25.2% |
| Profit (loss) for the period | 9904 | €21,029 | €26,582 | +€5,553 | +26.4% |
| Profit (loss) for the period to be appropriated | 9905 | €21,029 | €26,582 | +€5,553 | +26.4% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.