BVE International: 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.
BVE International
Largest movements
- Cash +€40,082
up €40,082 (+60.0%), from €66,783 to €106,865
mainly Net result for the year (+€63,807) and Depreciation (+€2,208)
- Receivables within one year +€19,583
up €19,583 (+108%), from €18,154 to €37,737
of which Other amounts receivable: +€27,700
- Profit (loss) carried forward +€63,807
up €63,807 (+124%), from €51,290 to €115,097
- Tax, wage and social debts -€5,128
down €5,128 (-13.5%), from €38,067 to €32,939
of which Taxes: -€2,771
- Gross operating margin +€13,374
up €13,374 (+19.3%), from €69,293 to €82,667
- Taxes +€2,849
up €2,849 (+19.2%), from €14,822 to €17,671
- Financial income +€891
up €891 (+293%), from €304 to €1,195
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 | €90,886 | €149,929 | +€59,043 | +65.0% |
| Fixed assets | 21/28 | €5,516 | €4,707 | -€809 | -14.7% |
| Tangible fixed assets | 22/27 | €4,766 | €3,957 | -€809 | -17.0% |
| Furniture and vehicles | 24 | €2,239 | €1,713 | -€526 | -23.5% |
| Other tangible fixed assets | 26 | €2,527 | €2,244 | -€283 | -11.2% |
| Financial fixed assets | 28 | €750 | €750 | = | 0.0% |
| Current assets | 29/58 | €85,370 | €145,222 | +€59,852 | +70.1% |
| Amounts receivable within one year | 40/41 | €18,154 | €37,737 | +€19,583 | +108% |
| Trade receivables | 40 | €8,117 | - | -€8,117 | |
| Other amounts receivable | 41 | €10,038 | €37,737 | +€27,700 | +276% |
| Cash at bank and in hand | 54/58 | €66,783 | €106,865 | +€40,082 | +60.0% |
| Deferred charges and accrued income | 490/1 | €433 | €620 | +€187 | +43.1% |
| Total equity and liabilities | 10/49 | €90,886 | €149,929 | +€59,043 | +65.0% |
| Equity | 10/15 | €51,590 | €115,397 | +€63,807 | +124% |
| Contributions | 10/11 | €300 | €300 | = | 0.0% |
| Profit (loss) carried forward | 14 | €51,290 | €115,097 | +€63,807 | +124% |
| Amounts payable | 17/49 | €39,296 | €34,532 | -€4,764 | -12.1% |
| Amounts payable within one year | 42/48 | €39,296 | €34,532 | -€4,764 | -12.1% |
| Trade debts | 44 | €396 | €1,594 | +€1,197 | +302% |
| Suppliers | 440/4 | €396 | €1,594 | +€1,197 | +302% |
| Taxes, remuneration and social security | 45 | €38,067 | €32,939 | -€5,128 | -13.5% |
| Taxes | 450/3 | €33,574 | €30,803 | -€2,771 | -8.3% |
| Remuneration and social security | 454/9 | €4,493 | €2,136 | -€2,357 | -52.5% |
| Other amounts payable | 47/48 | €833 | - | -€833 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,288 | €2,208 | -€80 | -3.5% |
| Other operating charges | 640/8 | €260 | €34 | -€226 | -86.8% |
| Gross operating margin | 9900 | €69,293 | €82,667 | +€13,374 | +19.3% |
| Operating profit (loss) | 9901 | €66,745 | €80,425 | +€13,680 | +20.5% |
| Financial income | 75/76B | €304 | €1,195 | +€891 | +293% |
| Recurring financial income | 75 | €304 | €1,195 | +€891 | +293% |
| Financial charges | 65/66B | €105 | €142 | +€37 | +35.3% |
| Recurring financial charges | 65 | €105 | €142 | +€37 | +35.3% |
| Profit (loss) for the period before taxes | 9903 | €66,944 | €81,478 | +€14,534 | +21.7% |
| Income taxes | 67/77 | €14,822 | €17,671 | +€2,849 | +19.2% |
| Profit (loss) for the period | 9904 | €52,123 | €63,807 | +€11,685 | +22.4% |
| Profit (loss) for the period to be appropriated | 9905 | €52,123 | €63,807 | +€11,685 | +22.4% |
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 27 October 2026 via checked.be.