BVCN: 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.
BVCN
Largest movements
- Cash -€7,505
down €7,505 (-6.6%), from €113,224 to €105,719
mainly Contributions, distributions and other (-€88,029) and Other debts (-€6,856)
- Tangible fixed assets -€7,316
down €7,316 (-23.4%), from €31,325 to €24,009
of which Furniture and vehicles: -€6,534
- Deferred charges and accrued income +€4,408
new in 2025: €4,408
- Receivables within one year +€1,800
up €1,800 (+73.9%), from €2,435 to €4,235
- Other debts -€6,856
down €6,856 (-7.1%), from €96,266 to €89,411
- Gross operating margin -€7,129
down €7,129 (-5.6%), from €126,613 to €119,483
- Taxes -€1,800
down €1,800 (-7.0%), from €25,565 to €23,765
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 | €146,985 | €138,371 | -€8,613 | -5.9% |
| Fixed assets | 21/28 | €31,325 | €24,009 | -€7,316 | -23.4% |
| Tangible fixed assets | 22/27 | €31,325 | €24,009 | -€7,316 | -23.4% |
| Plant, machinery and equipment | 23 | €1,495 | €1,115 | -€381 | -25.5% |
| Furniture and vehicles | 24 | €27,015 | €20,482 | -€6,534 | -24.2% |
| Other tangible fixed assets | 26 | €2,815 | €2,413 | -€402 | -14.3% |
| Current assets | 29/58 | €115,659 | €114,362 | -€1,297 | -1.1% |
| Amounts receivable within one year | 40/41 | €2,435 | €4,235 | +€1,800 | +73.9% |
| Other amounts receivable | 41 | €2,435 | €4,235 | +€1,800 | +73.9% |
| Cash at bank and in hand | 54/58 | €113,224 | €105,719 | -€7,505 | -6.6% |
| Deferred charges and accrued income | 490/1 | - | €4,408 | +€4,408 | |
| Total equity and liabilities | 10/49 | €146,985 | €138,371 | -€8,613 | -5.9% |
| Equity | 10/15 | €44,588 | €44,287 | -€301 | -0.7% |
| Contributions | 10/11 | €4,000 | €4,000 | = | 0.0% |
| Reserves | 13 | €40,287 | €40,287 | = | 0.0% |
| Distributable reserves | 133 | €40,287 | €40,287 | = | 0.0% |
| Profit (loss) carried forward | 14 | €301 | - | -€301 | |
| Amounts payable | 17/49 | €102,396 | €94,084 | -€8,313 | -8.1% |
| Amounts payable within one year | 42/48 | €102,396 | €94,084 | -€8,313 | -8.1% |
| Trade debts | 44 | €781 | €656 | -€126 | -16.1% |
| Suppliers | 440/4 | €781 | €656 | -€126 | -16.1% |
| Taxes, remuneration and social security | 45 | €5,349 | €4,017 | -€1,331 | -24.9% |
| Taxes | 450/3 | €5,349 | €4,017 | -€1,331 | -24.9% |
| Other amounts payable | 47/48 | €96,266 | €89,411 | -€6,856 | -7.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,150 | €7,316 | +€1,166 | +19.0% |
| Other operating charges | 640/8 | €514 | €527 | +€13 | +2.4% |
| Gross operating margin | 9900 | €126,613 | €119,483 | -€7,129 | -5.6% |
| Operating profit (loss) | 9901 | €119,948 | €111,640 | -€8,308 | -6.9% |
| Financial income | 75/76B | €0 | €0 | -€0 | -71.4% |
| Recurring financial income | 75 | €0 | €0 | -€0 | -71.4% |
| Financial charges | 65/66B | €207 | €148 | -€59 | -28.7% |
| Recurring financial charges | 65 | €207 | €148 | -€59 | -28.7% |
| Profit (loss) for the period before taxes | 9903 | €119,741 | €111,493 | -€8,249 | -6.9% |
| Income taxes | 67/77 | €25,565 | €23,765 | -€1,800 | -7.0% |
| Profit (loss) for the period | 9904 | €94,177 | €87,728 | -€6,449 | -6.8% |
| Profit (loss) for the period to be appropriated | 9905 | €94,177 | €87,728 | -€6,449 | -6.8% |
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.