BVDD: 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.
BVDD
Largest movements
- Tangible fixed assets -€13,286
down €13,286 (-60.0%), from €22,135 to €8,849
of which Furniture and vehicles: -€13,033
- Cash +€9,641
up €9,641 (+33.4%), from €28,860 to €38,501
mainly Net result for the year (+€35,092) and Other debts (+€29,750)
- Reserves -€66,143
down €66,143 (-99.9%), from €66,235 to €92
- Other debts +€29,750
new in 2025: €29,750
- Debts after one year +€24,412
up €24,412 (+35.3%), from €69,202 to €93,615
of which Other amounts payable: +€45,272
- Tax, wage and social debts +€11,677
up €11,677 (+128.8%), from €9,065 to €20,742
- Current portion of long-term debt -€3,972
down €3,972 (-16.0%), from €24,832 to €20,860
- Gross operating margin -€4,560
down €4,560 (-6.8%), from €67,115 to €62,555
- Taxes -€1,105
down €1,105 (-8.1%), from €13,704 to €12,600
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 | €188,693 | €185,292 | -€3,401 | -1.8% |
| Fixed assets | 21/28 | €147,135 | €133,849 | -€13,286 | -9.0% |
| Tangible fixed assets | 22/27 | €22,135 | €8,849 | -€13,286 | -60.0% |
| Plant, machinery and equipment | 23 | €1,234 | €981 | -€254 | -20.5% |
| Furniture and vehicles | 24 | €20,900 | €7,868 | -€13,033 | -62.4% |
| Financial fixed assets | 28 | €125,000 | €125,000 | = | 0.0% |
| Current assets | 29/58 | €41,558 | €51,443 | +€9,885 | +23.8% |
| Amounts receivable within one year | 40/41 | €12,698 | €12,449 | -€249 | -2.0% |
| Trade receivables | 40 | €12,403 | €12,403 | = | 0.0% |
| Other amounts receivable | 41 | €296 | €47 | -€249 | -84.2% |
| Cash at bank and in hand | 54/58 | €28,860 | €38,501 | +€9,641 | +33.4% |
| Deferred charges and accrued income | 490/1 | - | €493 | +€493 | |
| Total equity and liabilities | 10/49 | €188,693 | €185,292 | -€3,401 | -1.8% |
| Equity | 10/15 | €84,835 | €18,692 | -€66,143 | -78.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €66,235 | €92 | -€66,143 | -99.9% |
| Distributable reserves | 133 | €66,235 | €92 | -€66,143 | -99.9% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €103,858 | €166,599 | +€62,742 | +60.4% |
| Amounts payable after more than one year | 17 | €69,202 | €93,615 | +€24,412 | +35.3% |
| Financial debts | 170/4 | €55,835 | €34,975 | -€20,860 | -37.4% |
| Other amounts payable | 178/9 | €13,367 | €58,640 | +€45,272 | +338.7% |
| Amounts payable within one year | 42/48 | €34,655 | €72,985 | +€38,330 | +110.6% |
| Current portion of amounts payable after more than one year | 42 | €24,832 | €20,860 | -€3,972 | -16.0% |
| Trade debts | 44 | €758 | €1,633 | +€875 | +115.5% |
| Suppliers | 440/4 | €758 | €1,633 | +€875 | +115.5% |
| Taxes, remuneration and social security | 45 | €9,065 | €20,742 | +€11,677 | +128.8% |
| Taxes | 450/3 | €9,065 | €20,742 | +€11,677 | +128.8% |
| Other amounts payable | 47/48 | - | €29,750 | +€29,750 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,066 | €13,286 | +€220 | +1.7% |
| Other operating charges | 640/8 | €578 | €542 | -€36 | -6.2% |
| Gross operating margin | 9900 | €67,115 | €62,555 | -€4,560 | -6.8% |
| Operating profit (loss) | 9901 | €53,471 | €48,727 | -€4,744 | -8.9% |
| Financial income | 75/76B | €31 | €1 | -€29 | -95.2% |
| Recurring financial income | 75 | €31 | €1 | -€29 | -95.2% |
| Financial charges | 65/66B | €1,465 | €1,037 | -€428 | -29.2% |
| Recurring financial charges | 65 | €1,465 | €1,037 | -€428 | -29.2% |
| Profit (loss) for the period before taxes | 9903 | €52,037 | €47,692 | -€4,345 | -8.4% |
| Income taxes | 67/77 | €13,704 | €12,600 | -€1,105 | -8.1% |
| Profit (loss) for the period | 9904 | €38,333 | €35,092 | -€3,241 | -8.5% |
| Profit (loss) for the period to be appropriated | 9905 | €38,333 | €35,092 | -€3,241 | -8.5% |
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 11 October 2026 via checked.be.