BVD Management: 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.
BVD Management
Largest movements
- Cash -€30,317
down €30,317 (-73.1%), from €41,483 to €11,167
mainly Contributions, distributions and other (-€12,000) and Net result for the year (-€7,821)
- Receivables within one year +€7,418
up €7,418 (+954%), from €777 to €8,195
- Tangible fixed assets -€3,661
down €3,661 (-38.6%), from €9,489 to €5,829
of which Furniture and vehicles: -€2,953
- Reserves -€12,000
down €12,000 (-26.7%), from €44,860 to €32,860
- Profit (loss) carried forward -€7,821
down €7,821 (-243%), from -€3,220 to -€11,041
- Tax, wage and social debts -€6,592
down €6,592 (-99.7%), from €6,614 to €23
- Gross operating margin +€2,362
up €2,362 (+35.7%), from -€6,623 to -€4,261
- Depreciation -€1,153
down €1,153 (-24.0%), from €4,814 to €3,661
- Other operating charges -€141
down €141 (-18.5%), from €760 to €620
- Financial income -€107
down €107 (-11.6%), from €923 to €816
- Financial charges -€76
down €76 (-44.2%), from €171 to €96
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 | €67,071 | €40,585 | -€26,486 | -39.5% |
| Fixed assets | 21/28 | €24,746 | €21,086 | -€3,661 | -14.8% |
| Tangible fixed assets | 22/27 | €9,489 | €5,829 | -€3,661 | -38.6% |
| Plant, machinery and equipment | 23 | €55 | €0 | -€55 | -100% |
| Furniture and vehicles | 24 | €4,986 | €2,033 | -€2,953 | -59.2% |
| Other tangible fixed assets | 26 | €4,448 | €3,796 | -€652 | -14.7% |
| Financial fixed assets | 28 | €15,257 | €15,257 | = | 0.0% |
| Current assets | 29/58 | €42,325 | €19,499 | -€22,825 | -53.9% |
| Amounts receivable within one year | 40/41 | €777 | €8,195 | +€7,418 | +954% |
| Other amounts receivable | 41 | €777 | €8,195 | +€7,418 | +954% |
| Cash at bank and in hand | 54/58 | €41,483 | €11,167 | -€30,317 | -73.1% |
| Deferred charges and accrued income | 490/1 | €64 | €138 | +€73 | +115% |
| Total equity and liabilities | 10/49 | €67,071 | €40,585 | -€26,486 | -39.5% |
| Equity | 10/15 | €60,240 | €40,419 | -€19,821 | -32.9% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €44,860 | €32,860 | -€12,000 | -26.7% |
| Distributable reserves | 133 | €44,860 | €32,860 | -€12,000 | -26.7% |
| Profit (loss) carried forward | 14 | -€3,220 | -€11,041 | -€7,821 | -243% |
| Amounts payable | 17/49 | €6,831 | €166 | -€6,665 | -97.6% |
| Amounts payable within one year | 42/48 | €6,831 | €166 | -€6,665 | -97.6% |
| Trade debts | 44 | €217 | €144 | -€73 | -33.7% |
| Suppliers | 440/4 | €217 | €144 | -€73 | -33.7% |
| Taxes, remuneration and social security | 45 | €6,614 | €23 | -€6,592 | -99.7% |
| Taxes | 450/3 | €6,614 | €23 | -€6,592 | -99.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,814 | €3,661 | -€1,153 | -24.0% |
| Other operating charges | 640/8 | €760 | €620 | -€141 | -18.5% |
| Gross operating margin | 9900 | -€6,623 | -€4,261 | +€2,362 | +35.7% |
| Operating profit (loss) | 9901 | -€12,198 | -€8,541 | +€3,656 | +30.0% |
| Financial income | 75/76B | €923 | €816 | -€107 | -11.6% |
| Recurring financial income | 75 | €923 | €816 | -€107 | -11.6% |
| Financial charges | 65/66B | €171 | €96 | -€76 | -44.2% |
| Recurring financial charges | 65 | €171 | €96 | -€76 | -44.2% |
| Profit (loss) for the period before taxes | 9903 | -€11,446 | -€7,821 | +€3,625 | +31.7% |
| Income taxes | 67/77 | - | €0 | = | |
| Profit (loss) for the period | 9904 | -€11,446 | -€7,821 | +€3,625 | +31.7% |
| Profit (loss) for the period to be appropriated | 9905 | -€11,446 | -€7,821 | +€3,625 | +31.7% |
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 18 October 2026 via checked.be.