BVG: what changed
Two fiscal 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.
BVG
Largest movements
- Tangible fixed assets +€80,174
up €80,174 (+2418.2%), from €3,316 to €83,490
- Cash -€48,036
down €48,036 (-76.0%), from €63,169 to €15,133
mainly Investment in fixed assets (net) (-€101,007) and Receivables within one year (-€19,160)
- Receivables within one year +€19,160
up €19,160 (+62.8%), from €30,496 to €49,656
of which Trade receivables: +€16,283
- Other debts +€55,794
up €55,794 (+93.9%), from €59,393 to €115,187
- Tax, wage and social debts -€6,573
down €6,573 (-39.3%), from €16,744 to €10,171
- Trade debts +€2,077
up €2,077 (+301.8%), from €688 to €2,765
- Depreciation +€17,595
up €17,595 (+543.4%), from €3,238 to €20,833
- Taxes -€3,546
down €3,546 (-29.3%), from €12,082 to €8,536
- Other operating charges +€3,385
up €3,385 (+942.7%), from €359 to €3,744
- Staff costs +€1,900
up €1,900, from €0 to €1,900
- Gross operating margin -€1,288
down €1,288 (-2.5%), from €51,303 to €50,014
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €97,285 | €148,584 | +€51,298 | +52.7% |
| Fixed assets | 21/28 | €3,316 | €83,490 | +€80,174 | +2418.2% |
| Tangible fixed assets | 22/27 | €3,316 | €83,490 | +€80,174 | +2418.2% |
| Furniture and vehicles | 24 | €3,316 | €83,490 | +€80,174 | +2418.2% |
| Current assets | 29/58 | €93,970 | €65,094 | -€28,876 | -30.7% |
| Amounts receivable within one year | 40/41 | €30,496 | €49,656 | +€19,160 | +62.8% |
| Trade receivables | 40 | €30,496 | €46,779 | +€16,283 | +53.4% |
| Other amounts receivable | 41 | €0 | €2,876 | +€2,876 | |
| Current investments | 50/53 | €305 | €305 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €63,169 | €15,133 | -€48,036 | -76.0% |
| Deferred charges and accrued income | 490/1 | €0 | - | = | |
| Total equity and liabilities | 10/49 | €97,285 | €148,584 | +€51,298 | +52.7% |
| Equity | 10/15 | €20,460 | €20,460 | = | 0.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €76,825 | €128,124 | +€51,298 | +66.8% |
| Amounts payable within one year | 42/48 | €76,825 | €128,124 | +€51,298 | +66.8% |
| Trade debts | 44 | €688 | €2,765 | +€2,077 | +301.8% |
| Suppliers | 440/4 | €688 | €2,765 | +€2,077 | +301.8% |
| Taxes, remuneration and social security | 45 | €16,744 | €10,171 | -€6,573 | -39.3% |
| Taxes | 450/3 | €16,744 | €10,171 | -€6,573 | -39.3% |
| Other amounts payable | 47/48 | €59,393 | €115,187 | +€55,794 | +93.9% |
| Remuneration, social security and pensions | 62 | €0 | €1,900 | +€1,900 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,238 | €20,833 | +€17,595 | +543.4% |
| Other operating charges | 640/8 | €359 | €3,744 | +€3,385 | +942.7% |
| Gross operating margin | 9900 | €51,303 | €50,014 | -€1,288 | -2.5% |
| Operating profit (loss) | 9901 | €47,706 | €23,538 | -€24,167 | -50.7% |
| Financial income | 75/76B | - | €41 | +€41 | |
| Recurring financial income | 75 | - | €41 | +€41 | |
| Financial charges | 65/66B | €417 | €103 | -€313 | -75.2% |
| Recurring financial charges | 65 | €417 | €103 | -€313 | -75.2% |
| Profit (loss) for the period before taxes | 9903 | €47,289 | €23,476 | -€23,813 | -50.4% |
| Income taxes | 67/77 | €12,082 | €8,536 | -€3,546 | -29.3% |
| Profit (loss) for the period | 9904 | €35,207 | €14,940 | -€20,267 | -57.6% |
| Profit (loss) for the period to be appropriated | 9905 | €35,207 | €14,940 | -€20,267 | -57.6% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 30 September 2026 via checked.be.