BVD BE: 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 BE
Largest movements
- Cash -€159,778
down €159,778 (-61.4%), from €260,334 to €100,555
mainly Trade debts (-€93,767) and Receivables within one year (-€89,234)
- Receivables within one year +€89,234
up €89,234 (+48.3%), from €184,764 to €273,998
of which Trade receivables: +€137,754
- Deferred charges and accrued income +€5,041
new in 2025: €5,041
- Trade debts -€93,767
down €93,767 (-32.4%), from €289,105 to €195,338
- Tax, wage and social debts +€17,542
up €17,542 (+1403.3%), from €1,250 to €18,792
of which Remuneration and social security: +€15,219
- Profit (loss) carried forward +€10,722
up €10,722 (+19.6%), from €54,743 to €65,465
- Turnover +€299,682
up €299,682 (+284.0%), from €105,513 to €405,195
- Purchases and services +€262,774
up €262,774 (+262.2%), from €100,237 to €363,011
- Gross operating margin +€128,926
up €128,926 (+2443.6%), from €5,276 to €134,202
- Staff costs +€119,468
new in 2025: €119,468
- Taxes -€15,658
down €15,658 (-81.1%), from €19,301 to €3,643
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 | €445,098 | €379,594 | -€65,503 | -14.7% |
| Current assets | 29/58 | €445,098 | €379,594 | -€65,503 | -14.7% |
| Amounts receivable within one year | 40/41 | €184,764 | €273,998 | +€89,234 | +48.3% |
| Trade receivables | 40 | €134,941 | €272,695 | +€137,754 | +102.1% |
| Other amounts receivable | 41 | €49,823 | €1,303 | -€48,520 | -97.4% |
| Cash at bank and in hand | 54/58 | €260,334 | €100,555 | -€159,778 | -61.4% |
| Deferred charges and accrued income | 490/1 | - | €5,041 | +€5,041 | |
| Total equity and liabilities | 10/49 | €445,098 | €379,594 | -€65,503 | -14.7% |
| Equity | 10/15 | €154,743 | €165,465 | +€10,722 | +6.9% |
| Contributions | 10/11 | €100,000 | €100,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €54,743 | €65,465 | +€10,722 | +19.6% |
| Amounts payable | 17/49 | €290,355 | €214,130 | -€76,225 | -26.3% |
| Amounts payable within one year | 42/48 | €290,355 | €214,130 | -€76,225 | -26.3% |
| Trade debts | 44 | €289,105 | €195,338 | -€93,767 | -32.4% |
| Suppliers | 440/4 | €289,105 | €195,338 | -€93,767 | -32.4% |
| Taxes, remuneration and social security | 45 | €1,250 | €18,792 | +€17,542 | +1403.3% |
| Taxes | 450/3 | €1,250 | €3,573 | +€2,323 | +185.8% |
| Remuneration and social security | 454/9 | - | €15,219 | +€15,219 | |
| Turnover | 70 | €105,513 | €405,195 | +€299,682 | +284.0% |
| Goods, raw materials, services and sundry goods | 60/61 | €100,237 | €363,011 | +€262,774 | +262.2% |
| Remuneration, social security and pensions | 62 | - | €119,468 | +€119,468 | |
| Non-recurring operating charges | 66A | - | €17 | +€17 | |
| Gross operating margin | 9900 | €5,276 | €134,202 | +€128,926 | +2443.6% |
| Operating profit (loss) | 9901 | €5,276 | €14,717 | +€9,441 | +178.9% |
| Financial charges | 65/66B | €329 | €352 | +€23 | +7.0% |
| Recurring financial charges | 65 | €329 | €352 | +€23 | +7.0% |
| Profit (loss) for the period before taxes | 9903 | €4,948 | €14,366 | +€9,418 | +190.4% |
| Income taxes | 67/77 | €19,301 | €3,643 | -€15,658 | -81.1% |
| Profit (loss) for the period | 9904 | -€14,354 | €10,722 | +€25,076 | |
| Profit (loss) for the period to be appropriated | 9905 | -€14,354 | €10,722 | +€25,076 |
Source: filed annual accounts (NBB), fiscal years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 3 October 2026 via checked.be.