BVI.EU: what changed
What changed
BVI.EU
NACE 68.122, Development of non-residential building projects
filed annual accounts (NBB)
Net result for the year
€38,582
2024 · €957,060-€918,478
Equity
€15.1m
2024 · €15.0m+€38,582
Cash
€2.3m
2024 · €564,445+€1.8m
Balance sheet total
€70.9m
2024 · €61.3m+€9.6m
Largest movements
Assets
- Financial fixed assets +€32.2m
up €32.2m (+2,399%), from €1.3m to €33.6m
of which Affiliated companies: +€26.8m
- Receivables after one year -€30.6m
down €30.6m (-93.9%), from €32.6m to €2.0m
- Receivables within one year +€8.2m
up €8.2m (+84.4%), from €9.7m to €17.9m
of which Other amounts receivable: +€6.1m
- Stocks and contracts -€2.0m
down €2.0m (-42.0%), from €4.7m to €2.7m
- Cash +€1.8m
up €1.8m (+311%), from €564,445 to €2.3m
mainly Receivables after one year (+€30.6m) and Debts after one year (+€8.1m)
Equity and liabilities
- Debts after one year +€8.1m
up €8.1m (+24.8%), from €32.5m to €40.5m
of which Financial debts: +€8.1m
- Current portion of long-term debt +€3.0m
up €3.0m (+4,588%), from €65,983 to €3.1m
- Other debts -€1.1m
down €1.1m (-14.0%), from €7.8m to €6.7m
- Short-term financial debts -€903,438
down €903,438 (-100%), from €903,438 to €0
Income statement
- Turnover -€1.1m
down €1.1m (-8.7%), from €12.8m to €11.7m
- Goods and materials -€862,632
down €862,632 (-14.9%), from €5.8m to €4.9m
of which Purchases: -€4.7m
- Financial income -€819,836
down €819,836 (-27.3%), from €3.0m to €2.2m
of which Financial income: -€517,196
- Financial charges -€267,542
down €267,542 (-9.2%), from €2.9m to €2.6m
of which Financial charges: -€317,407
- Taxes +€218,550
up €218,550 (+554%), from €39,481 to €258,031
of which Taxes: +€218,550
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
€957,060
Turnover
-€1.1m
Other operating income
-€176,047
Goods and materials
+€862,632
Services and other goods
+€27,918
Staff costs
+€14,453
Depreciation
-€7,095
Provisions
-€24,000
Other operating charges
-€42,396
Other operating items
+€318,823
Financial income
-€819,836
Financial charges
+€267,542
Taxes
-€218,550
Result 2025
€38,582
raises the resultlowers the resultnot broken down further in the accounts
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€24.0m
Investment
-€32.5m
Financing
+€10.2m
Cash 2024
€564,445
From operations (derived)
+€24.0m
Net result for the year
+€38,582
Depreciation
+€315,679
Receivables after one year
+€30.6m
Stocks and contracts
+€2.0m
Receivables within one year
-€8.2m
Deferred charges and accrued income
-€24,583
Trade debts
-€179,541
Tax, wage and social debts
+€261,649
Advances received
+€240,000
Other debts
-€1.1m
Accrued charges and deferred income
+€121,063
Investment (derived)
-€32.5m
Investment in fixed assets (net)
-€32.6m
Current investments
+€127,469
Financing
+€10.2m
Debts after one year
+€8.1m
Current portion of long-term debt
+€3.0m
Short-term financial debts
-€903,438
Cash 2025
€2.3m
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €61,277,208 | €70,858,318 | +€9.6m | +15.6% |
| Fixed assets | 21/28 | €12,280,323 | €44,563,816 | +€32.3m | +263% |
| Intangible fixed assets | 21 | €346,211 | €298,081 | -€48,130 | -13.9% |
| Tangible fixed assets | 22/27 | €10,591,228 | €10,709,280 | +€118,052 | +1.1% |
| Land and buildings | 22 | €6,330,756 | €5,087,144 | -€1.2m | -19.6% |
| Plant, machinery and equipment | 23 | €104,957 | €39,815 | -€65,141 | -62.1% |
| Furniture and vehicles | 24 | €5,539 | €11,921 | +€6,381 | +115% |
| Other tangible fixed assets | 26 | €240,244 | €222,497 | -€17,748 | -7.4% |
| Assets under construction and advance payments | 27 | €3,909,732 | €5,347,904 | +€1.4m | +36.8% |
| Financial fixed assets | 28 | €1,342,884 | €33,556,455 | +€32.2m | +2,399% |
| Affiliated companies | 280/1 | €1,145,574 | €27,977,672 | +€26.8m | +2,342% |
| Participating interests | 280 | €1,145,574 | €1,045,233 | -€100,341 | -8.8% |
| Amounts receivable | 281 | - | €26,932,439 | +€26.9m | |
| Companies linked by participating interests | 282/3 | €181,860 | €5,506,330 | +€5.3m | +2,928% |
| Participating interests | 282 | €181,860 | €127,378 | -€54,482 | -30.0% |
| Amounts receivable | 283 | - | €5,378,952 | +€5.4m | |
| Other financial fixed assets | 284/8 | €15,450 | €72,453 | +€57,003 | +369% |
| Amounts receivable and cash guarantees | 285/8 | €15,450 | €72,453 | +€57,003 | +369% |
| Current assets | 29/58 | €48,996,886 | €26,294,502 | -€22.7m | -46.3% |
| Amounts receivable after more than one year | 29 | €32,554,472 | €1,999,358 | -€30.6m | -93.9% |
| Other amounts receivable | 291 | €32,554,472 | €1,999,358 | -€30.6m | -93.9% |
| Stocks and contracts in progress | 3 | €4,733,444 | €2,743,899 | -€2.0m | -42.0% |
| Stocks | 30/36 | €4,733,444 | €2,743,899 | -€2.0m | -42.0% |
| Property held for sale | 35 | €4,733,444 | €2,743,899 | -€2.0m | -42.0% |
| Amounts receivable within one year | 40/41 | €9,709,777 | €17,899,989 | +€8.2m | +84.4% |
| Trade receivables | 40 | €6,210,946 | €8,329,924 | +€2.1m | +34.1% |
| Other amounts receivable | 41 | €3,498,831 | €9,570,065 | +€6.1m | +174% |
| Current investments | 50/53 | €1,157,311 | €1,029,842 | -€127,469 | -11.0% |
| Other investments | 51/53 | €1,157,311 | €1,029,842 | -€127,469 | -11.0% |
| Cash at bank and in hand | 54/58 | €564,445 | €2,319,394 | +€1.8m | +311% |
| Deferred charges and accrued income | 490/1 | €277,437 | €302,020 | +€24,583 | +8.9% |
| Total equity and liabilities | 10/49 | €61,277,208 | €70,858,318 | +€9.6m | +15.6% |
| Equity | 10/15 | €15,017,027 | €15,055,609 | +€38,582 | +0.3% |
| Contributions | 10/11 | €5,060,000 | €5,060,000 | = | 0.0% |
| Capital | 10 | €5,060,000 | €5,060,000 | = | 0.0% |
| Issued capital | 100 | €5,060,000 | €5,060,000 | = | 0.0% |
| Reserves | 13 | €9,499,767 | €9,499,767 | = | 0.0% |
| Non-distributable reserves | 130/1 | €506,000 | €506,000 | = | 0.0% |
| Legal reserve | 130 | €506,000 | €506,000 | = | 0.0% |
| Distributable reserves | 133 | €8,993,767 | €8,993,767 | = | 0.0% |
| Profit (loss) carried forward | 14 | €457,260 | €495,843 | +€38,582 | +8.4% |
| Provisions and deferred taxes | 16 | €0 | - | = | |
| Provisions for liabilities and charges | 160/5 | €0 | - | = | |
| Environmental obligations | 163 | €0 | - | = | |
| Amounts payable | 17/49 | €46,260,181 | €55,802,709 | +€9.5m | +20.6% |
| Amounts payable after more than one year | 17 | €32,465,178 | €40,528,255 | +€8.1m | +24.8% |
| Financial debts | 170/4 | €32,406,290 | €40,467,516 | +€8.1m | +24.9% |
| Subordinated loans | 170 | €15,300,152 | €14,855,627 | -€444,525 | -2.9% |
| Credit institutions | 173 | €8,478,332 | €8,690,444 | +€212,112 | +2.5% |
| Other loans | 174 | €8,627,806 | €16,921,445 | +€8.3m | +96.1% |
| Other amounts payable | 178/9 | €58,888 | €60,739 | +€1,852 | +3.1% |
| Amounts payable within one year | 42/48 | €13,607,401 | €14,965,789 | +€1.4m | +10.0% |
| Current portion of amounts payable after more than one year | 42 | €65,983 | €3,093,429 | +€3.0m | +4,588% |
| Financial debts | 43 | €903,438 | €0 | -€903,438 | -100% |
| Credit institutions | 430/8 | €903,438 | €0 | -€903,438 | -100% |
| Trade debts | 44 | €4,596,567 | €4,417,026 | -€179,541 | -3.9% |
| Suppliers | 440/4 | €4,596,567 | €4,417,026 | -€179,541 | -3.9% |
| Advances received on contracts in progress | 46 | - | €240,000 | +€240,000 | |
| Taxes, remuneration and social security | 45 | €246,706 | €508,355 | +€261,649 | +106% |
| Taxes | 450/3 | €149,592 | €438,648 | +€289,056 | +193% |
| Remuneration and social security | 454/9 | €97,114 | €69,707 | -€27,407 | -28.2% |
| Other amounts payable | 47/48 | €7,794,706 | €6,706,979 | -€1.1m | -14.0% |
| Accrued charges and deferred income | 492/3 | €187,603 | €308,665 | +€121,063 | +64.5% |
| Operating income | 70/76A | €13,150,174 | €12,204,077 | -€946,097 | -7.2% |
| Turnover | 70 | €12,827,966 | €11,706,044 | -€1.1m | -8.7% |
| Own construction capitalised | 72 | €77,556 | €42,473 | -€35,083 | -45.2% |
| Other operating income | 74 | €244,652 | €68,606 | -€176,047 | -72.0% |
| Non-recurring operating income | 76A | €0 | €386,955 | +€386,955 | |
| Operating charges | 60/66A | €12,256,160 | €11,457,696 | -€798,463 | -6.5% |
| Goods for resale, raw materials and consumables | 60 | €5,792,316 | €4,929,684 | -€862,632 | -14.9% |
| Purchases | 600/8 | €7,667,820 | €2,940,139 | -€4.7m | -61.7% |
| Change in stocks: decrease (increase) | 609 | -€1,875,504 | €1,989,545 | +€3.9m | |
| Services and other goods | 61 | €5,052,998 | €5,025,080 | -€27,918 | -0.6% |
| Remuneration, social security and pensions | 62 | €1,023,356 | €1,008,903 | -€14,453 | -1.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €308,583 | €315,679 | +€7,095 | +2.3% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | -€24,000 | €0 | +€24,000 | |
| Other operating charges | 640/8 | €102,906 | €145,302 | +€42,396 | +41.2% |
| Non-recurring operating charges | 66A | €0 | €33,048 | +€33,048 | |
| Operating profit (loss) | 9901 | €894,015 | €746,381 | -€147,634 | -16.5% |
| Financial income | 75/76B | €3,003,621 | €2,183,785 | -€819,836 | -27.3% |
| Recurring financial income | 75 | €2,175,968 | €1,658,773 | -€517,196 | -23.8% |
| Income from financial fixed assets | 750 | €1,848,235 | €1,575,302 | -€272,933 | -14.8% |
| Income from current assets | 751 | €315,174 | €82,906 | -€232,268 | -73.7% |
| Other financial income | 752/9 | €12,559 | €565 | -€11,995 | -95.5% |
| Non-recurring financial income | 76B | €827,653 | €525,012 | -€302,640 | -36.6% |
| Financial charges | 65/66B | €2,901,094 | €2,633,553 | -€267,542 | -9.2% |
| Recurring financial charges | 65 | €2,900,941 | €2,583,533 | -€317,407 | -10.9% |
| Debt charges | 650 | €2,820,432 | €2,540,468 | -€279,964 | -9.9% |
| Write-downs on current assets other than stocks, contracts in progress and trade receivables: additions (reversals) | 651 | €66,000 | €27,408 | -€38,592 | -58.5% |
| Other financial charges | 652/9 | €14,509 | €15,657 | +€1,148 | +7.9% |
| Non-recurring financial charges | 66B | €154 | €50,019 | +€49,865 | +32,401% |
| Profit (loss) for the period before taxes | 9903 | €996,541 | €296,613 | -€699,928 | -70.2% |
| Income taxes | 67/77 | €39,481 | €258,031 | +€218,550 | +554% |
| Taxes | 670/3 | €39,481 | €258,031 | +€218,550 | +554% |
| Tax adjustments and reversals of tax provisions | 77 | €0 | - | = | |
| Profit (loss) for the period | 9904 | €957,060 | €38,582 | -€918,478 | -96.0% |
| Profit (loss) for the period to be appropriated | 9905 | €957,060 | €38,582 | -€918,478 | -96.0% |
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 3 November 2026 via checked.be.