BVH: 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.
BVH
Largest movements
- Cash +€37,962
up €37,962 (+64.8%), from €58,609 to €96,571
mainly Net result for the year (+€34,538) and Depreciation (+€10,831)
- Tangible fixed assets -€10,831
down €10,831 (-23.3%), from €46,562 to €35,731
- Receivables within one year +€3,207
up €3,207 (+34.6%), from €9,258 to €12,465
of which Trade receivables: +€2,916
- Profit (loss) carried forward +€34,538
up €34,538 (+66.7%), from €51,774 to €86,312
- Debts after one year -€8,524
down €8,524 (-27.0%), from €31,515 to €22,991
- Tax, wage and social debts +€3,676
up €3,676 (+20.7%), from €17,739 to €21,414
of which Taxes: +€3,676
- Gross operating margin +€9,552
up €9,552 (+20.0%), from €47,670 to €57,222
- Depreciation +€4,812
up €4,812 (+79.9%), from €6,019 to €10,831
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.
Cash bridge derived
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 | €114,429 | €144,766 | +€30,338 | +26.5% |
| Fixed assets | 21/28 | €46,562 | €35,731 | -€10,831 | -23.3% |
| Tangible fixed assets | 22/27 | €46,562 | €35,731 | -€10,831 | -23.3% |
| Furniture and vehicles | 24 | €46,562 | €35,731 | -€10,831 | -23.3% |
| Current assets | 29/58 | €67,867 | €109,036 | +€41,169 | +60.7% |
| Amounts receivable within one year | 40/41 | €9,258 | €12,465 | +€3,207 | +34.6% |
| Trade receivables | 40 | €8,760 | €11,676 | +€2,916 | +33.3% |
| Other amounts receivable | 41 | €498 | €789 | +€291 | +58.5% |
| Cash at bank and in hand | 54/58 | €58,609 | €96,571 | +€37,962 | +64.8% |
| Total equity and liabilities | 10/49 | €114,429 | €144,766 | +€30,338 | +26.5% |
| Equity | 10/15 | €54,274 | €88,812 | +€34,538 | +63.6% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €51,774 | €86,312 | +€34,538 | +66.7% |
| Amounts payable | 17/49 | €60,155 | €55,954 | -€4,200 | -7.0% |
| Amounts payable after more than one year | 17 | €31,515 | €22,991 | -€8,524 | -27.0% |
| Financial debts | 170/4 | €31,515 | €22,991 | -€8,524 | -27.0% |
| Amounts payable within one year | 42/48 | €26,965 | €31,292 | +€4,327 | +16.0% |
| Current portion of amounts payable after more than one year | 42 | €8,165 | €8,524 | +€360 | +4.4% |
| Trade debts | 44 | €1,062 | €1,353 | +€292 | +27.5% |
| Suppliers | 440/4 | €1,062 | €1,353 | +€292 | +27.5% |
| Taxes, remuneration and social security | 45 | €17,739 | €21,414 | +€3,676 | +20.7% |
| Taxes | 450/3 | €15,739 | €19,414 | +€3,676 | +23.4% |
| Remuneration and social security | 454/9 | €2,000 | €2,000 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | €1,674 | €1,671 | -€3 | -0.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,019 | €10,831 | +€4,812 | +79.9% |
| Other operating charges | 640/8 | €129 | €426 | +€297 | +230.0% |
| Gross operating margin | 9900 | €47,670 | €57,222 | +€9,552 | +20.0% |
| Operating profit (loss) | 9901 | €41,521 | €45,965 | +€4,443 | +10.7% |
| Financial income | 75/76B | €8 | €28 | +€20 | +264.2% |
| Recurring financial income | 75 | €8 | €28 | +€20 | +264.2% |
| Financial charges | 65/66B | €1,556 | €2,034 | +€478 | +30.7% |
| Recurring financial charges | 65 | €1,556 | €2,034 | +€478 | +30.7% |
| Profit (loss) for the period before taxes | 9903 | €39,973 | €43,958 | +€3,985 | +10.0% |
| Income taxes | 67/77 | €9,042 | €9,420 | +€378 | +4.2% |
| Profit (loss) for the period | 9904 | €30,931 | €34,538 | +€3,607 | +11.7% |
| Profit (loss) for the period to be appropriated | 9905 | €30,931 | €34,538 | +€3,607 | +11.7% |
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 9 October 2026 via checked.be.