BVH ENGINEERING: 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 ENGINEERING
Largest movements
- Cash +€39,215
up €39,215 (+81.3%), from €48,234 to €87,448
mainly Depreciation (+€31,648) and Net result for the year (+€22,342)
- Tangible fixed assets -€31,648
down €31,648 (-7.4%), from €429,830 to €398,182
of which Land and buildings: -€16,304
- Receivables within one year -€21,297
down €21,297 (-42.7%), from €49,827 to €28,530
of which Trade receivables: -€21,993
- Deferred charges and accrued income -€5,894
down €5,894 (-40.5%), from €14,551 to €8,657
- Debts after one year -€21,382
down €21,382 (-7.3%), from €293,218 to €271,835
- Trade debts -€7,003
down €7,003 (-39.6%), from €17,692 to €10,690
- Other debts +€6,145
up €6,145 (+23.7%), from €25,955 to €32,101
- Gross operating margin +€14,647
up €14,647 (+27.5%), from €53,328 to €67,975
- Taxes +€3,454
up €3,454 (+121%), from €2,850 to €6,304
- Depreciation -€1,735
down €1,735 (-5.2%), from €33,383 to €31,648
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 | €553,785 | €532,429 | -€21,355 | -3.9% |
| Fixed assets | 21/28 | €429,830 | €398,182 | -€31,648 | -7.4% |
| Tangible fixed assets | 22/27 | €429,830 | €398,182 | -€31,648 | -7.4% |
| Land and buildings | 22 | €401,558 | €385,253 | -€16,304 | -4.1% |
| Plant, machinery and equipment | 23 | €17,316 | €7,871 | -€9,445 | -54.5% |
| Furniture and vehicles | 24 | €10,956 | €5,058 | -€5,899 | -53.8% |
| Current assets | 29/58 | €123,955 | €134,247 | +€10,293 | +8.3% |
| Stocks and contracts in progress | 3 | €11,343 | €9,612 | -€1,731 | -15.3% |
| Stocks | 30/36 | €11,343 | €9,612 | -€1,731 | -15.3% |
| Amounts receivable within one year | 40/41 | €49,827 | €28,530 | -€21,297 | -42.7% |
| Trade receivables | 40 | €47,676 | €25,683 | -€21,993 | -46.1% |
| Other amounts receivable | 41 | €2,150 | €2,846 | +€696 | +32.4% |
| Cash at bank and in hand | 54/58 | €48,234 | €87,448 | +€39,215 | +81.3% |
| Deferred charges and accrued income | 490/1 | €14,551 | €8,657 | -€5,894 | -40.5% |
| Total equity and liabilities | 10/49 | €553,785 | €532,429 | -€21,355 | -3.9% |
| Equity | 10/15 | €189,647 | €186,989 | -€2,658 | -1.4% |
| Contributions | 10/11 | €25,000 | €25,000 | = | 0.0% |
| Reserves | 13 | €164,647 | €161,989 | -€2,658 | -1.6% |
| Tax-exempt reserves | 132 | €5,000 | €5,000 | = | 0.0% |
| Distributable reserves | 133 | €159,647 | €156,989 | -€2,658 | -1.7% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €364,137 | €345,440 | -€18,697 | -5.1% |
| Amounts payable after more than one year | 17 | €293,218 | €271,835 | -€21,382 | -7.3% |
| Financial debts | 170/4 | €293,218 | €271,835 | -€21,382 | -7.3% |
| Amounts payable within one year | 42/48 | €70,920 | €73,605 | +€2,685 | +3.8% |
| Current portion of amounts payable after more than one year | 42 | €21,147 | €21,382 | +€235 | +1.1% |
| Trade debts | 44 | €17,692 | €10,690 | -€7,003 | -39.6% |
| Suppliers | 440/4 | €17,692 | €10,690 | -€7,003 | -39.6% |
| Taxes, remuneration and social security | 45 | €6,125 | €9,432 | +€3,307 | +54.0% |
| Taxes | 450/3 | €6,125 | €9,432 | +€3,307 | +54.0% |
| Remuneration and social security | 454/9 | €0 | - | = | |
| Other amounts payable | 47/48 | €25,955 | €32,101 | +€6,145 | +23.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €33,383 | €31,648 | -€1,735 | -5.2% |
| Other operating charges | 640/8 | €4,049 | €4,015 | -€34 | -0.8% |
| Gross operating margin | 9900 | €53,328 | €67,975 | +€14,647 | +27.5% |
| Operating profit (loss) | 9901 | €15,896 | €32,313 | +€16,417 | +103% |
| Financial income | 75/76B | €133 | €167 | +€34 | +25.3% |
| Recurring financial income | 75 | €133 | €167 | +€34 | +25.3% |
| Financial charges | 65/66B | €4,152 | €3,834 | -€318 | -7.7% |
| Recurring financial charges | 65 | €4,152 | €3,834 | -€318 | -7.7% |
| Profit (loss) for the period before taxes | 9903 | €11,877 | €28,646 | +€16,769 | +141% |
| Income taxes | 67/77 | €2,850 | €6,304 | +€3,454 | +121% |
| Profit (loss) for the period | 9904 | €9,028 | €22,342 | +€13,314 | +147% |
| Profit (loss) for the period to be appropriated | 9905 | €9,028 | €22,342 | +€13,314 | +147% |
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 29 October 2026 via checked.be.