BVDS: 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.
BVDS
Largest movements
- Cash -€81,423
down €81,423 (-65.9%), from €123,481 to €42,058
mainly Contributions, distributions and other (-€89,458) and Receivables within one year (-€26,758)
- Receivables within one year +€26,758
up €26,758 (+5,728%), from €467 to €27,225
of which Trade receivables: +€27,225
- Tangible fixed assets -€7,908
down €7,908 (-90.5%), from €8,737 to €829
- Reserves -€83,856
down €83,856 (-84.8%), from €98,894 to €15,038
of which Distributable reserves: -€83,856
- Other debts +€17,608
up €17,608 (+382%), from €4,607 to €22,215
- Tax, wage and social debts +€10,025
up €10,025 (+237%), from €4,234 to €14,259
of which Taxes: +€7,026
- Current portion of long-term debt -€6,349
no longer reported in 2025 (was €6,349)
- Financial income +€4,892
new in 2025: €4,892
- Gross operating margin -€2,567
down €2,567 (-17.5%), from €14,633 to €12,066
- Taxes +€1,190
up €1,190 (+79.9%), from €1,490 to €2,681
- Depreciation -€1,069
down €1,069 (-11.9%), from €8,977 to €7,908
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 | €132,685 | €70,112 | -€62,573 | -47.2% |
| Fixed assets | 21/28 | €8,737 | €829 | -€7,908 | -90.5% |
| Tangible fixed assets | 22/27 | €8,737 | €829 | -€7,908 | -90.5% |
| Furniture and vehicles | 24 | €8,737 | €829 | -€7,908 | -90.5% |
| Current assets | 29/58 | €123,948 | €69,283 | -€54,665 | -44.1% |
| Amounts receivable within one year | 40/41 | €467 | €27,225 | +€26,758 | +5,728% |
| Trade receivables | 40 | - | €27,225 | +€27,225 | |
| Other amounts receivable | 41 | €467 | - | -€467 | |
| Cash at bank and in hand | 54/58 | €123,481 | €42,058 | -€81,423 | -65.9% |
| Total equity and liabilities | 10/49 | €132,685 | €70,112 | -€62,573 | -47.2% |
| Equity | 10/15 | €117,494 | €33,638 | -€83,856 | -71.4% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €98,894 | €15,038 | -€83,856 | -84.8% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €97,034 | €13,178 | -€83,856 | -86.4% |
| Amounts payable | 17/49 | €15,191 | €36,474 | +€21,284 | +140% |
| Amounts payable within one year | 42/48 | €15,191 | €36,474 | +€21,284 | +140% |
| Current portion of amounts payable after more than one year | 42 | €6,349 | - | -€6,349 | |
| Taxes, remuneration and social security | 45 | €4,234 | €14,259 | +€10,025 | +237% |
| Taxes | 450/3 | €4,234 | €11,260 | +€7,026 | +166% |
| Remuneration and social security | 454/9 | - | €2,999 | +€2,999 | |
| Other amounts payable | 47/48 | €4,607 | €22,215 | +€17,608 | +382% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,977 | €7,908 | -€1,069 | -11.9% |
| Other operating charges | 640/8 | €675 | €631 | -€44 | -6.4% |
| Gross operating margin | 9900 | €14,633 | €12,066 | -€2,567 | -17.5% |
| Operating profit (loss) | 9901 | €4,981 | €3,526 | -€1,455 | -29.2% |
| Financial income | 75/76B | - | €4,892 | +€4,892 | |
| Recurring financial income | 75 | - | €4,892 | +€4,892 | |
| Financial charges | 65/66B | €162 | €135 | -€27 | -16.6% |
| Recurring financial charges | 65 | €162 | €135 | -€27 | -16.6% |
| Profit (loss) for the period before taxes | 9903 | €4,819 | €8,282 | +€3,464 | +71.9% |
| Income taxes | 67/77 | €1,490 | €2,681 | +€1,190 | +79.9% |
| Profit (loss) for the period | 9904 | €3,329 | €5,602 | +€2,273 | +68.3% |
| Profit (loss) for the period to be appropriated | 9905 | €3,329 | €5,602 | +€2,273 | +68.3% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 16 October 2026 via checked.be.