BVD: 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.
BVD
Largest movements
- Cash +€369,703
up €369,703 (+819.5%), from €45,116 to €414,818
mainly Net result for the year (+€287,007) and Other debts (+€205,659)
- Receivables after one year +€91,800
up €91,800 (+41.7%), from €220,000 to €311,800
- Receivables within one year +€58,147
up €58,147 (+42.4%), from €137,083 to €195,229
- Tangible fixed assets +€24,029
up €24,029 (+3.6%), from €660,190 to €684,219
of which Furniture and vehicles: +€50,428
- Profit (loss) carried forward +€287,007
up €287,007 (+123.5%), from €232,471 to €519,478
- Other debts +€205,659
up €205,659 (+370.7%), from €55,473 to €261,131
- Tax, wage and social debts +€107,915
up €107,915 (+76.8%), from €140,480 to €248,395
of which Taxes: +€111,009
- Trade debts -€44,580
down €44,580 (-23.3%), from €191,469 to €146,889
- Debts after one year -€22,296
down €22,296 (-5.3%), from €423,634 to €401,338
- Gross operating margin +€370,404
up €370,404 (+54.5%), from €679,488 to €1.0m
- Staff costs +€199,071
up €199,071 (+50.7%), from €392,353 to €591,423
- Other operating charges -€75,323
down €75,323 (-99.3%), from €75,891 to €568
- Taxes +€57,089
up €57,089 (+136.9%), from €41,710 to €98,799
- Depreciation +€17,611
up €17,611 (+55.9%), from €31,528 to €49,139
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,114,722 | €1,649,528 | +€534,805 | +48.0% |
| Fixed assets | 21/28 | €666,290 | €687,819 | +€21,529 | +3.2% |
| Intangible fixed assets | 21 | €3,122 | €622 | -€2,500 | -80.1% |
| Tangible fixed assets | 22/27 | €660,190 | €684,219 | +€24,029 | +3.6% |
| Land and buildings | 22 | €571,068 | €558,871 | -€12,197 | -2.1% |
| Plant, machinery and equipment | 23 | €35,153 | €21,226 | -€13,927 | -39.6% |
| Furniture and vehicles | 24 | €53,663 | €104,091 | +€50,428 | +94.0% |
| Other tangible fixed assets | 26 | €307 | €31 | -€275 | -89.8% |
| Financial fixed assets | 28 | €2,978 | €2,978 | = | 0.0% |
| Current assets | 29/58 | €448,433 | €961,709 | +€513,276 | +114.5% |
| Amounts receivable after more than one year | 29 | €220,000 | €311,800 | +€91,800 | +41.7% |
| Other amounts receivable | 291 | €220,000 | €311,800 | +€91,800 | +41.7% |
| Stocks and contracts in progress | 3 | €46,235 | €38,882 | -€7,353 | -15.9% |
| Stocks | 30/36 | €46,235 | €38,882 | -€7,353 | -15.9% |
| Amounts receivable within one year | 40/41 | €137,083 | €195,229 | +€58,147 | +42.4% |
| Trade receivables | 40 | €137,083 | €195,229 | +€58,147 | +42.4% |
| Cash at bank and in hand | 54/58 | €45,116 | €414,818 | +€369,703 | +819.5% |
| Deferred charges and accrued income | 490/1 | - | €980 | +€980 | |
| Total equity and liabilities | 10/49 | €1,114,722 | €1,649,528 | +€534,805 | +48.0% |
| Equity | 10/15 | €282,471 | €569,478 | +€287,007 | +101.6% |
| Contributions | 10/11 | €50,000 | €50,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €232,471 | €519,478 | +€287,007 | +123.5% |
| Amounts payable | 17/49 | €832,251 | €1,080,050 | +€247,799 | +29.8% |
| Amounts payable after more than one year | 17 | €423,634 | €401,338 | -€22,296 | -5.3% |
| Financial debts | 170/4 | €423,634 | €401,338 | -€22,296 | -5.3% |
| Amounts payable within one year | 42/48 | €408,617 | €678,712 | +€270,095 | +66.1% |
| Current portion of amounts payable after more than one year | 42 | €21,195 | €22,296 | +€1,102 | +5.2% |
| Trade debts | 44 | €191,469 | €146,889 | -€44,580 | -23.3% |
| Suppliers | 440/4 | €191,469 | €146,889 | -€44,580 | -23.3% |
| Taxes, remuneration and social security | 45 | €140,480 | €248,395 | +€107,915 | +76.8% |
| Taxes | 450/3 | €101,053 | €212,062 | +€111,009 | +109.9% |
| Remuneration and social security | 454/9 | €39,427 | €36,333 | -€3,094 | -7.8% |
| Other amounts payable | 47/48 | €55,473 | €261,131 | +€205,659 | +370.7% |
| Remuneration, social security and pensions | 62 | €392,353 | €591,423 | +€199,071 | +50.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €31,528 | €49,139 | +€17,611 | +55.9% |
| Other operating charges | 640/8 | €75,891 | €568 | -€75,323 | -99.3% |
| Gross operating margin | 9900 | €679,488 | €1,049,892 | +€370,404 | +54.5% |
| Operating profit (loss) | 9901 | €179,716 | €408,762 | +€229,046 | +127.4% |
| Financial income | 75/76B | €8 | - | -€8 | |
| Recurring financial income | 75 | €8 | - | -€8 | |
| Financial charges | 65/66B | €6,831 | €22,956 | +€16,126 | +236.1% |
| Recurring financial charges | 65 | €6,831 | €22,956 | +€16,126 | +236.1% |
| Profit (loss) for the period before taxes | 9903 | €172,893 | €385,805 | +€212,912 | +123.1% |
| Income taxes | 67/77 | €41,710 | €98,799 | +€57,089 | +136.9% |
| Profit (loss) for the period | 9904 | €131,183 | €287,007 | +€155,823 | +118.8% |
| Profit (loss) for the period to be appropriated | 9905 | €131,183 | €287,007 | +€155,823 | +118.8% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 9 October 2026 via checked.be.