BVCC: 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.
BVCC
Largest movements
- Tangible fixed assets -€18,667
down €18,667 (-55.5%), from €33,613 to €14,946
- Receivables within one year +€15,742
up €15,742 (+99.1%), from €15,881 to €31,623
of which Other amounts receivable: +€14,067
- Current investments +€12,490
up €12,490 (+31.2%), from €40,000 to €52,490
- Cash +€2,929
up €2,929 (+15.3%), from €19,157 to €22,086
mainly Net result for the year (+€28,134) and Depreciation (+€19,208)
- Deferred charges and accrued income +€2,163
up €2,163 (+101%), from €2,134 to €4,297
- Reserves +€28,134
up €28,134 (+34.2%), from €82,254 to €110,388
- Current portion of long-term debt -€6,149
down €6,149 (-100%), from €6,149 to €0
- Tax, wage and social debts -€5,567
down €5,567 (-27.7%), from €20,120 to €14,554
- Trade debts -€1,313
down €1,313 (-100%), from €1,313 to €0
- Gross operating margin +€12,539
up €12,539 (+25.0%), from €50,062 to €62,601
- Taxes +€3,249
up €3,249 (+29.7%), from €10,922 to €14,170
- Depreciation +€822
up €822 (+4.5%), from €18,386 to €19,208
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 | €110,785 | €125,442 | +€14,656 | +13.2% |
| Fixed assets | 21/28 | €33,613 | €14,946 | -€18,667 | -55.5% |
| Tangible fixed assets | 22/27 | €33,613 | €14,946 | -€18,667 | -55.5% |
| Furniture and vehicles | 24 | €33,613 | €14,946 | -€18,667 | -55.5% |
| Current assets | 29/58 | €77,172 | €110,496 | +€33,324 | +43.2% |
| Amounts receivable within one year | 40/41 | €15,881 | €31,623 | +€15,742 | +99.1% |
| Trade receivables | 40 | €15,881 | €17,556 | +€1,675 | +10.5% |
| Other amounts receivable | 41 | - | €14,067 | +€14,067 | |
| Current investments | 50/53 | €40,000 | €52,490 | +€12,490 | +31.2% |
| Cash at bank and in hand | 54/58 | €19,157 | €22,086 | +€2,929 | +15.3% |
| Deferred charges and accrued income | 490/1 | €2,134 | €4,297 | +€2,163 | +101% |
| Total equity and liabilities | 10/49 | €110,785 | €125,442 | +€14,656 | +13.2% |
| Equity | 10/15 | €82,754 | €110,888 | +€28,134 | +34.0% |
| Contributions | 10/11 | €500 | €500 | = | 0.0% |
| Reserves | 13 | €82,254 | €110,388 | +€28,134 | +34.2% |
| Distributable reserves | 133 | €82,254 | €110,388 | +€28,134 | +34.2% |
| Amounts payable | 17/49 | €28,031 | €14,554 | -€13,478 | -48.1% |
| Amounts payable after more than one year | 17 | €0 | - | = | |
| Financial debts | 170/4 | €0 | - | = | |
| Amounts payable within one year | 42/48 | €28,031 | €14,554 | -€13,478 | -48.1% |
| Current portion of amounts payable after more than one year | 42 | €6,149 | €0 | -€6,149 | -100% |
| Trade debts | 44 | €1,313 | €0 | -€1,313 | -100% |
| Suppliers | 440/4 | €1,313 | €0 | -€1,313 | -100% |
| Taxes, remuneration and social security | 45 | €20,120 | €14,554 | -€5,567 | -27.7% |
| Taxes | 450/3 | €20,120 | €14,554 | -€5,567 | -27.7% |
| Other amounts payable | 47/48 | €449 | €0 | -€449 | -100% |
| Non-recurring operating income | 76A | €1,722 | €0 | -€1,722 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €18,386 | €19,208 | +€822 | +4.5% |
| Other operating charges | 640/8 | €1,257 | €1,547 | +€290 | +23.1% |
| Non-recurring operating charges | 66A | - | €328 | +€328 | |
| Gross operating margin | 9900 | €50,062 | €62,601 | +€12,539 | +25.0% |
| Operating profit (loss) | 9901 | €30,418 | €41,517 | +€11,099 | +36.5% |
| Financial income | 75/76B | €815 | €960 | +€145 | +17.8% |
| Recurring financial income | 75 | €815 | €960 | +€145 | +17.8% |
| Financial charges | 65/66B | €331 | €173 | -€157 | -47.6% |
| Recurring financial charges | 65 | €331 | €173 | -€157 | -47.6% |
| Profit (loss) for the period before taxes | 9903 | €30,903 | €42,304 | +€11,402 | +36.9% |
| Income taxes | 67/77 | €10,922 | €14,170 | +€3,249 | +29.7% |
| Profit (loss) for the period | 9904 | €19,981 | €28,134 | +€8,153 | +40.8% |
| Profit (loss) for the period to be appropriated | 9905 | €19,981 | €28,134 | +€8,153 | +40.8% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 14 October 2026 via checked.be.