BVH Immo: 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.
BVH Immo
Largest movements
- Tangible fixed assets -€784,938
down €784,938 (-18.5%), from €4.2m to €3.5m
- Cash +€458,234
up €458,234 (+4105.7%), from €11,161 to €469,395
mainly Investment in fixed assets (net) (+€698,570) and Net result for the year (+€312,568)
- Receivables within one year +€148,000
up €148,000 (+1233.3%), from €12,000 to €160,000
- Profit (loss) carried forward +€312,568
up €312,568 (+76.8%), from -€406,786 to -€94,218
- Current portion of long-term debt -€251,016
down €251,016 (-67.4%), from €372,550 to €121,534
- Debts after one year -€133,229
down €133,229 (-6.5%), from €2.1m to €1.9m
of which Financial debts: -€121,534
- Other debts -€113,250
down €113,250 (-7.0%), from €1.6m to €1.5m
- Gross operating margin +€422,497
up €422,497 (+378.4%), from €111,641 to €534,138
- Financial charges -€21,437
down €21,437 (-15.0%), from €142,698 to €121,260
- Other operating charges -€8,458
down €8,458 (-37.8%), from €22,400 to €13,942
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 | €4,513,011 | €4,335,831 | -€177,180 | -3.9% |
| Fixed assets | 21/28 | €4,489,850 | €3,704,912 | -€784,938 | -17.5% |
| Tangible fixed assets | 22/27 | €4,239,750 | €3,454,812 | -€784,938 | -18.5% |
| Land and buildings | 22 | €4,239,750 | €3,454,812 | -€784,938 | -18.5% |
| Financial fixed assets | 28 | €250,100 | €250,100 | = | 0.0% |
| Current assets | 29/58 | €23,161 | €630,919 | +€607,758 | +2624.1% |
| Amounts receivable within one year | 40/41 | €12,000 | €160,000 | +€148,000 | +1233.3% |
| Trade receivables | 40 | €12,000 | €160,000 | +€148,000 | +1233.3% |
| Cash at bank and in hand | 54/58 | €11,161 | €469,395 | +€458,234 | +4105.7% |
| Deferred charges and accrued income | 490/1 | - | €1,523 | +€1,523 | |
| Total equity and liabilities | 10/49 | €4,513,011 | €4,335,831 | -€177,180 | -3.9% |
| Equity | 10/15 | €446,814 | €759,382 | +€312,568 | +70.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Revaluation surpluses | 12 | €835,000 | €835,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€406,786 | -€94,218 | +€312,568 | +76.8% |
| Amounts payable | 17/49 | €4,066,197 | €3,576,449 | -€489,748 | -12.0% |
| Amounts payable after more than one year | 17 | €2,053,474 | €1,920,245 | -€133,229 | -6.5% |
| Financial debts | 170/4 | €2,015,879 | €1,894,345 | -€121,534 | -6.0% |
| Other amounts payable | 178/9 | €37,595 | €25,900 | -€11,695 | -31.1% |
| Amounts payable within one year | 42/48 | €2,012,723 | €1,656,203 | -€356,519 | -17.7% |
| Current portion of amounts payable after more than one year | 42 | €372,550 | €121,534 | -€251,016 | -67.4% |
| Financial debts | 43 | €42 | €0 | -€42 | -100.0% |
| Credit institutions | 430/8 | €42 | €0 | -€42 | -100.0% |
| Trade debts | 44 | €22,371 | €27,748 | +€5,377 | +24.0% |
| Suppliers | 440/4 | €22,371 | €27,748 | +€5,377 | +24.0% |
| Taxes, remuneration and social security | 45 | €4,778 | €7,190 | +€2,412 | +50.5% |
| Taxes | 450/3 | €4,778 | €7,190 | +€2,412 | +50.5% |
| Other amounts payable | 47/48 | €1,612,981 | €1,499,732 | -€113,250 | -7.0% |
| Non-recurring operating income | 76A | - | €226,430 | +€226,430 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €86,238 | €86,368 | +€130 | +0.2% |
| Other operating charges | 640/8 | €22,400 | €13,942 | -€8,458 | -37.8% |
| Gross operating margin | 9900 | €111,641 | €534,138 | +€422,497 | +378.4% |
| Operating profit (loss) | 9901 | €3,003 | €433,828 | +€430,825 | +14344.6% |
| Financial charges | 65/66B | €142,698 | €121,260 | -€21,437 | -15.0% |
| Recurring financial charges | 65 | €142,698 | €121,260 | -€21,437 | -15.0% |
| Profit (loss) for the period before taxes | 9903 | -€139,694 | €312,568 | +€452,262 | |
| Profit (loss) for the period | 9904 | -€139,694 | €312,568 | +€452,262 | |
| Profit (loss) for the period to be appropriated | 9905 | -€139,694 | €312,568 | +€452,262 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.