BVDMEERSCH: 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.
BVDMEERSCH
Largest movements
- Current investments +€200,000
up €200,000 (+25.0%), from €800,000 to €1.0m
- Cash -€24,846
down €24,846 (-8.6%), from €290,023 to €265,177
mainly Current investments (-€200,000) and Other debts (-€30,000)
- Receivables within one year -€21,557
down €21,557 (-70.0%), from €30,805 to €9,247
of which Other amounts receivable: -€21,557
- Deferred charges and accrued income +€19,548
up €19,548 (+36.8%), from €53,057 to €72,605
- Reserves +€160,975
up €160,975 (+18.3%), from €878,906 to €1.0m
of which Distributable reserves: +€160,975
- Tax, wage and social debts +€50,857
up €50,857 (+1,216%), from €4,182 to €55,039
of which Taxes: +€54,539
- Other debts -€30,000
no longer reported in 2022 (was €30,000)
- Staff costs -€27,446
down €27,446 (-94.4%), from €29,087 to €1,641
- Taxes +€16,480
up €16,480 (+23.6%), from €69,769 to €86,249
- Gross operating margin -€12,827
down €12,827 (-4.7%), from €274,683 to €261,856
- Depreciation -€8,709
down €8,709 (-45.2%), from €19,270 to €10,561
- Financial income -€3,246
down €3,246 (-68.2%), from €4,757 to €1,511
From the 2021 result to the 2022 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 2021 and 2022 balance sheets and the 2022 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2021 | 2022 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,212,684 | €1,386,653 | +€173,969 | +14.3% |
| Fixed assets | 21/28 | €38,800 | €39,624 | +€824 | +2.1% |
| Tangible fixed assets | 22/27 | €38,750 | €39,574 | +€824 | +2.1% |
| Plant, machinery and equipment | 23 | €2,047 | €9,853 | +€7,806 | +381% |
| Furniture and vehicles | 24 | €10,673 | €5,964 | -€4,709 | -44.1% |
| Other tangible fixed assets | 26 | €26,030 | €23,757 | -€2,272 | -8.7% |
| Financial fixed assets | 28 | €50 | €50 | = | 0.0% |
| Current assets | 29/58 | €1,173,884 | €1,347,029 | +€173,144 | +14.7% |
| Amounts receivable within one year | 40/41 | €30,805 | €9,247 | -€21,557 | -70.0% |
| Trade receivables | 40 | €3,701 | €3,701 | = | 0.0% |
| Other amounts receivable | 41 | €27,103 | €5,546 | -€21,557 | -79.5% |
| Current investments | 50/53 | €800,000 | €1,000,000 | +€200,000 | +25.0% |
| Cash at bank and in hand | 54/58 | €290,023 | €265,177 | -€24,846 | -8.6% |
| Deferred charges and accrued income | 490/1 | €53,057 | €72,605 | +€19,548 | +36.8% |
| Total equity and liabilities | 10/49 | €1,212,684 | €1,386,653 | +€173,969 | +14.3% |
| Equity | 10/15 | €1,170,220 | €1,331,194 | +€160,975 | +13.8% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €878,906 | €1,039,880 | +€160,975 | +18.3% |
| Non-distributable reserves | 130/1 | €11,849 | €11,849 | = | 0.0% |
| Reserves not available under the articles | 1311 | €11,849 | €11,849 | = | 0.0% |
| Distributable reserves | 133 | €867,056 | €1,028,031 | +€160,975 | +18.6% |
| Profit (loss) carried forward | 14 | €271,314 | €271,314 | = | 0.0% |
| Amounts payable | 17/49 | €42,464 | €55,458 | +€12,994 | +30.6% |
| Amounts payable within one year | 42/48 | €42,464 | €55,458 | +€12,994 | +30.6% |
| Trade debts | 44 | €8,282 | €420 | -€7,862 | -94.9% |
| Suppliers | 440/4 | €8,282 | €420 | -€7,862 | -94.9% |
| Taxes, remuneration and social security | 45 | €4,182 | €55,039 | +€50,857 | +1,216% |
| Taxes | 450/3 | €500 | €55,039 | +€54,539 | +10,908% |
| Remuneration and social security | 454/9 | €3,682 | - | -€3,682 | |
| Other amounts payable | 47/48 | €30,000 | - | -€30,000 | |
| Non-recurring operating income | 76A | - | €1,313 | +€1,313 | |
| Remuneration, social security and pensions | 62 | €29,087 | €1,641 | -€27,446 | -94.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €19,270 | €10,561 | -€8,709 | -45.2% |
| Other operating charges | 640/8 | €1,877 | €2,978 | +€1,101 | +58.7% |
| Non-recurring operating charges | 66A | - | €288 | +€288 | |
| Gross operating margin | 9900 | €274,683 | €261,856 | -€12,827 | -4.7% |
| Operating profit (loss) | 9901 | €224,449 | €246,389 | +€21,939 | +9.8% |
| Financial income | 75/76B | €4,757 | €1,511 | -€3,246 | -68.2% |
| Recurring financial income | 75 | €4,757 | €1,511 | -€3,246 | -68.2% |
| Financial charges | 65/66B | €1,068 | €676 | -€391 | -36.7% |
| Recurring financial charges | 65 | €1,068 | €676 | -€391 | -36.7% |
| Profit (loss) for the period before taxes | 9903 | €228,139 | €247,223 | +€19,085 | +8.4% |
| Income taxes | 67/77 | €69,769 | €86,249 | +€16,480 | +23.6% |
| Profit (loss) for the period | 9904 | €158,370 | €160,975 | +€2,605 | +1.6% |
| Profit (loss) for the period to be appropriated | 9905 | €158,370 | €160,975 | +€2,605 | +1.6% |
Source: filed annual accounts (NBB), financial years ended 31 December 2021 and 31 December 2022. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 17 October 2026 via checked.be.