BVD Content: 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 Content
Largest movements
- Receivables within one year +€85,086
up €85,086 (+565.0%), from €15,060 to €100,146
of which Other amounts receivable: +€85,086
- Cash +€5,970
up €5,970 (+180.8%), from €3,303 to €9,272
mainly Net result for the year (+€119,311) and Other debts (+€119,311)
- Tangible fixed assets -€2,346
down €2,346 (-26.3%), from €8,930 to €6,584
of which Furniture and vehicles: -€2,731
- Other debts +€119,311
up €119,311, from €0 to €119,311
- Reserves -€36,529
down €36,529 (-100.0%), from €36,529 to €0
- Tax, wage and social debts +€6,148
up €6,148 (+33.2%), from €18,519 to €24,667
- Gross operating margin +€133,390
up €133,390 (+306.9%), from €43,468 to €176,858
- Taxes +€31,719
up €31,719 (+476.1%), from €6,662 to €38,380
- Financial income +€3,395
up €3,395 (+181.1%), from €1,874 to €5,269
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 | €57,734 | €146,307 | +€88,573 | +153.4% |
| Fixed assets | 21/28 | €8,930 | €6,584 | -€2,346 | -26.3% |
| Tangible fixed assets | 22/27 | €8,930 | €6,584 | -€2,346 | -26.3% |
| Plant, machinery and equipment | 23 | €779 | €1,164 | +€385 | +49.4% |
| Furniture and vehicles | 24 | €8,151 | €5,420 | -€2,731 | -33.5% |
| Current assets | 29/58 | €48,804 | €139,723 | +€90,918 | +186.3% |
| Amounts receivable after more than one year | 29 | €30,000 | €30,000 | = | 0.0% |
| Other amounts receivable | 291 | €30,000 | €30,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €15,060 | €100,146 | +€85,086 | +565.0% |
| Trade receivables | 40 | €0 | - | = | |
| Other amounts receivable | 41 | €15,060 | €100,146 | +€85,086 | +565.0% |
| Cash at bank and in hand | 54/58 | €3,303 | €9,272 | +€5,970 | +180.8% |
| Deferred charges and accrued income | 490/1 | €442 | €304 | -€138 | -31.2% |
| Total equity and liabilities | 10/49 | €57,734 | €146,307 | +€88,573 | +153.4% |
| Equity | 10/15 | €36,629 | €100 | -€36,529 | -99.7% |
| Contributions | 10/11 | €100 | €100 | = | 0.0% |
| Reserves | 13 | €36,529 | €0 | -€36,529 | -100.0% |
| Distributable reserves | 133 | €36,529 | €0 | -€36,529 | -100.0% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €21,105 | €146,207 | +€125,101 | +592.7% |
| Amounts payable within one year | 42/48 | €21,105 | €146,207 | +€125,101 | +592.7% |
| Trade debts | 44 | €2,586 | €2,229 | -€357 | -13.8% |
| Suppliers | 440/4 | €2,586 | €2,229 | -€357 | -13.8% |
| Taxes, remuneration and social security | 45 | €18,519 | €24,667 | +€6,148 | +33.2% |
| Taxes | 450/3 | €18,519 | €24,667 | +€6,148 | +33.2% |
| Other amounts payable | 47/48 | €0 | €119,311 | +€119,311 | |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,336 | €3,660 | +€324 | +9.7% |
| Other operating charges | 640/8 | €21,195 | €20,463 | -€732 | -3.5% |
| Gross operating margin | 9900 | €43,468 | €176,858 | +€133,390 | +306.9% |
| Operating profit (loss) | 9901 | €18,937 | €152,735 | +€133,798 | +706.6% |
| Financial income | 75/76B | €1,874 | €5,269 | +€3,395 | +181.1% |
| Recurring financial income | 75 | €1,874 | €5,269 | +€3,395 | +181.1% |
| Financial charges | 65/66B | €242 | €313 | +€71 | +29.3% |
| Recurring financial charges | 65 | €242 | €313 | +€71 | +29.3% |
| Profit (loss) for the period before taxes | 9903 | €20,569 | €157,691 | +€137,122 | +666.7% |
| Income taxes | 67/77 | €6,662 | €38,380 | +€31,719 | +476.1% |
| Profit (loss) for the period | 9904 | €13,907 | €119,311 | +€105,403 | +757.9% |
| Profit (loss) for the period to be appropriated | 9905 | €13,907 | €119,311 | +€105,403 | +757.9% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 2 October 2026 via checked.be.