BVdN Consult: 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.
BVdN Consult
Largest movements
- Receivables within one year -€45,181
down €45,181 (-95.8%), from €47,178 to €1,996
of which Trade receivables: -€43,396
- Stocks and contracts +€5,852
up €5,852 (+5.6%), from €104,741 to €110,593
- Tangible fixed assets -€4,382
down €4,382 (-14.6%), from €30,087 to €25,705
of which Other tangible fixed assets: -€3,624
- Cash -€3,901
down €3,901 (-4.9%), from €78,957 to €75,056
mainly Net result for the year (-€40,211) and Tax, wage and social debts (-€9,786)
- Reserves -€40,211
down €40,211 (-17.9%), from €224,323 to €184,112
- Tax, wage and social debts -€9,786
down €9,786 (-68.5%), from €14,291 to €4,505
of which Remuneration and social security: -€4,979
- Gross operating margin -€104,687
down €104,687 (-89.8%), from €116,575 to €11,888
- Taxes -€12,943
down €12,943 (-98.9%), from €13,087 to €144
- Staff costs -€5,540
down €5,540 (-10.8%), from €51,262 to €45,721
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 | €265,417 | €217,952 | -€47,464 | -17.9% |
| Fixed assets | 21/28 | €30,247 | €25,865 | -€4,382 | -14.5% |
| Tangible fixed assets | 22/27 | €30,087 | €25,705 | -€4,382 | -14.6% |
| Plant, machinery and equipment | 23 | €986 | €720 | -€266 | -27.0% |
| Furniture and vehicles | 24 | €1,908 | €1,416 | -€493 | -25.8% |
| Other tangible fixed assets | 26 | €27,193 | €23,569 | -€3,624 | -13.3% |
| Financial fixed assets | 28 | €160 | €160 | = | 0.0% |
| Current assets | 29/58 | €235,170 | €192,087 | -€43,082 | -18.3% |
| Stocks and contracts in progress | 3 | €104,741 | €110,593 | +€5,852 | +5.6% |
| Stocks | 30/36 | €104,741 | €110,593 | +€5,852 | +5.6% |
| Amounts receivable within one year | 40/41 | €47,178 | €1,996 | -€45,181 | -95.8% |
| Trade receivables | 40 | €45,265 | €1,869 | -€43,396 | -95.9% |
| Other amounts receivable | 41 | €1,913 | €128 | -€1,785 | -93.3% |
| Cash at bank and in hand | 54/58 | €78,957 | €75,056 | -€3,901 | -4.9% |
| Deferred charges and accrued income | 490/1 | €4,294 | €4,442 | +€148 | +3.4% |
| Total equity and liabilities | 10/49 | €265,417 | €217,952 | -€47,464 | -17.9% |
| Equity | 10/15 | €249,323 | €209,112 | -€40,211 | -16.1% |
| Contributions | 10/11 | €25,000 | €25,000 | = | 0.0% |
| Reserves | 13 | €224,323 | €184,112 | -€40,211 | -17.9% |
| Distributable reserves | 133 | €224,323 | €184,112 | -€40,211 | -17.9% |
| Amounts payable | 17/49 | €16,094 | €8,840 | -€7,254 | -45.1% |
| Amounts payable within one year | 42/48 | €16,094 | €8,840 | -€7,254 | -45.1% |
| Trade debts | 44 | €1,227 | €3,381 | +€2,154 | +175% |
| Suppliers | 440/4 | €1,227 | €3,381 | +€2,154 | +175% |
| Taxes, remuneration and social security | 45 | €14,291 | €4,505 | -€9,786 | -68.5% |
| Taxes | 450/3 | €9,312 | €4,505 | -€4,807 | -51.6% |
| Remuneration and social security | 454/9 | €4,979 | - | -€4,979 | |
| Other amounts payable | 47/48 | €576 | €955 | +€379 | +65.7% |
| Remuneration, social security and pensions | 62 | €51,262 | €45,721 | -€5,540 | -10.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,123 | €4,382 | +€259 | +6.3% |
| Other operating charges | 640/8 | €52 | €378 | +€326 | +631% |
| Gross operating margin | 9900 | €116,575 | €11,888 | -€104,687 | -89.8% |
| Operating profit (loss) | 9901 | €61,138 | -€38,593 | -€99,731 | |
| Financial income | 75/76B | €14 | €11 | -€3 | -24.2% |
| Recurring financial income | 75 | €14 | €11 | -€3 | -24.2% |
| Financial charges | 65/66B | €1,905 | €1,485 | -€420 | -22.1% |
| Recurring financial charges | 65 | €1,905 | €1,485 | -€420 | -22.1% |
| Profit (loss) for the period before taxes | 9903 | €59,247 | -€40,067 | -€99,315 | |
| Income taxes | 67/77 | €13,087 | €144 | -€12,943 | -98.9% |
| Profit (loss) for the period | 9904 | €46,160 | -€40,211 | -€86,371 | |
| Profit (loss) for the period to be appropriated | 9905 | €46,160 | -€40,211 | -€86,371 |
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 25 October 2026 via checked.be.