BVC GROUP: 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.
BVC GROUP
Largest movements
- Cash -€43,725
down €43,725 (-68.4%), from €63,934 to €20,209
mainly Trade debts (-€130,389) and Investment in fixed assets (net) (-€18,500)
- Receivables within one year -€40,756
down €40,756 (-25.4%), from €160,203 to €119,447
of which Trade receivables: -€61,694
- Current investments -€21,270
down €21,270 (-100.0%), from €21,276 to €6
- Tangible fixed assets -€11,634
down €11,634 (-1.8%), from €629,110 to €617,476
of which Land and buildings: -€7,455
- Trade debts -€130,389
down €130,389 (-62.6%), from €208,194 to €77,806
- Gross operating margin -€16,150
down €16,150 (-24.7%), from €65,343 to €49,192
- Depreciation +€8,191
up €8,191 (+37.3%), from €21,944 to €30,134
- Other operating charges +€4,856
up €4,856 (+125%), from €3,870 to €8,727
- Taxes -€4,502
down €4,502 (-97.6%), from €4,610 to €109
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 | €875,757 | €760,504 | -€115,253 | -13.2% |
| Fixed assets | 21/28 | €629,230 | €617,596 | -€11,634 | -1.8% |
| Tangible fixed assets | 22/27 | €629,110 | €617,476 | -€11,634 | -1.8% |
| Land and buildings | 22 | €605,887 | €598,432 | -€7,455 | -1.2% |
| Plant, machinery and equipment | 23 | €16,542 | €13,198 | -€3,344 | -20.2% |
| Other tangible fixed assets | 26 | €6,680 | €5,845 | -€835 | -12.5% |
| Financial fixed assets | 28 | €120 | €120 | = | 0.0% |
| Current assets | 29/58 | €246,527 | €142,908 | -€103,619 | -42.0% |
| Amounts receivable within one year | 40/41 | €160,203 | €119,447 | -€40,756 | -25.4% |
| Trade receivables | 40 | €153,766 | €92,072 | -€61,694 | -40.1% |
| Other amounts receivable | 41 | €6,437 | €27,375 | +€20,938 | +325% |
| Current investments | 50/53 | €21,276 | €6 | -€21,270 | -100.0% |
| Cash at bank and in hand | 54/58 | €63,934 | €20,209 | -€43,725 | -68.4% |
| Deferred charges and accrued income | 490/1 | €1,114 | €3,246 | +€2,132 | +191% |
| Total equity and liabilities | 10/49 | €875,757 | €760,504 | -€115,253 | -13.2% |
| Equity | 10/15 | €182,218 | €178,682 | -€3,536 | -1.9% |
| Contributions | 10/11 | €6,300 | €6,300 | = | 0.0% |
| Reserves | 13 | €175,918 | €172,382 | -€3,536 | -2.0% |
| Non-distributable reserves | 130/1 | €1,866 | €6 | -€1,860 | -99.7% |
| Reserves not available under the articles | 1311 | €1,860 | - | -€1,860 | |
| Own shares acquired | 1312 | €6 | €6 | = | 0.0% |
| Tax-exempt reserves | 132 | €110,326 | €105,158 | -€5,169 | -4.7% |
| Distributable reserves | 133 | €63,725 | €67,218 | +€3,493 | +5.5% |
| Provisions and deferred taxes | 16 | €36,775 | €35,053 | -€1,723 | -4.7% |
| Deferred taxes | 168 | €36,775 | €35,053 | -€1,723 | -4.7% |
| Amounts payable | 17/49 | €656,763 | €546,770 | -€109,993 | -16.7% |
| Amounts payable after more than one year | 17 | €399,059 | €404,771 | +€5,712 | +1.4% |
| Financial debts | 170/4 | €399,059 | €403,346 | +€4,287 | +1.1% |
| Other amounts payable | 178/9 | - | €1,425 | +€1,425 | |
| Amounts payable within one year | 42/48 | €257,704 | €141,998 | -€115,706 | -44.9% |
| Current portion of amounts payable after more than one year | 42 | €37,036 | €44,376 | +€7,340 | +19.8% |
| Trade debts | 44 | €208,194 | €77,806 | -€130,389 | -62.6% |
| Suppliers | 440/4 | €208,194 | €77,806 | -€130,389 | -62.6% |
| Taxes, remuneration and social security | 45 | €4,589 | €11,728 | +€7,138 | +156% |
| Taxes | 450/3 | €4,589 | €11,728 | +€7,138 | +156% |
| Other amounts payable | 47/48 | €7,884 | €8,089 | +€205 | +2.6% |
| Non-recurring operating income | 76A | €157 | €917 | +€760 | +484% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €21,944 | €30,134 | +€8,191 | +37.3% |
| Other operating charges | 640/8 | €3,870 | €8,727 | +€4,856 | +125% |
| Non-recurring operating charges | 66A | - | €1,040 | +€1,040 | |
| Gross operating margin | 9900 | €65,343 | €49,192 | -€16,150 | -24.7% |
| Operating profit (loss) | 9901 | €39,529 | €9,291 | -€30,237 | -76.5% |
| Financial charges | 65/66B | €15,083 | €14,442 | -€640 | -4.2% |
| Recurring financial charges | 65 | €15,083 | €14,442 | -€640 | -4.2% |
| Profit (loss) for the period before taxes | 9903 | €24,446 | -€5,151 | -€29,597 | |
| Transfer from deferred taxes | 780 | €1,723 | €1,723 | = | 0.0% |
| Income taxes | 67/77 | €4,610 | €109 | -€4,502 | -97.6% |
| Profit (loss) for the period | 9904 | €21,559 | -€3,536 | -€25,095 | |
| Transfer from tax-exempt reserves | 789 | €5,169 | €5,169 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €26,728 | €1,633 | -€25,095 | -93.9% |
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 16 October 2026 via checked.be.