BVJS: 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.
BVJS
Largest movements
- Current investments -€757,957
down €757,957 (-36.6%), from €2.1m to €1.3m
- Receivables within one year +€679,733
up €679,733 (+879.7%), from €77,265 to €756,998
of which Other amounts receivable: +€677,185
- Cash +€175,745
up €175,745 (+136.5%), from €128,725 to €304,470
mainly Current investments (+€757,957) and Net result for the year (+€684,711)
- Other debts +€158,450
new in 2025: €158,450
- Reserves +€68,011
up €68,011 (+4.1%), from €1.6m to €1.7m
of which Tax-exempt reserves: +€315,750
- Debts after one year -€67,942
down €67,942 (-36.8%), from €184,538 to €116,596
- Tax, wage and social debts -€27,580
down €27,580 (-18.3%), from €150,839 to €123,259
- Gross operating margin +€125,284
up €125,284 (+27.6%), from €454,345 to €579,629
- Other operating charges +€30,104
up €30,104 (+65.5%), from €45,968 to €76,071
- Financial income +€27,924
up €27,924 (+9.7%), from €288,612 to €316,536
- Taxes +€10,870
up €10,870 (+15.8%), from €68,758 to €79,628
- Financial charges +€9,695
up €9,695 (+25.0%), from €38,745 to €48,441
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 | €2,345,188 | €2,448,224 | +€103,035 | +4.4% |
| Fixed assets | 21/28 | €69,038 | €74,962 | +€5,924 | +8.6% |
| Tangible fixed assets | 22/27 | €69,038 | €74,962 | +€5,924 | +8.6% |
| Land and buildings | 22 | €62,167 | €67,296 | +€5,130 | +8.3% |
| Plant, machinery and equipment | 23 | €435 | €0 | -€435 | -100.0% |
| Furniture and vehicles | 24 | €6,436 | €7,666 | +€1,229 | +19.1% |
| Current assets | 29/58 | €2,276,150 | €2,373,261 | +€97,112 | +4.3% |
| Amounts receivable within one year | 40/41 | €77,265 | €756,998 | +€679,733 | +879.7% |
| Trade receivables | 40 | €54,450 | €56,998 | +€2,548 | +4.7% |
| Other amounts receivable | 41 | €22,815 | €700,000 | +€677,185 | +2968.1% |
| Current investments | 50/53 | €2,068,691 | €1,310,735 | -€757,957 | -36.6% |
| Cash at bank and in hand | 54/58 | €128,725 | €304,470 | +€175,745 | +136.5% |
| Deferred charges and accrued income | 490/1 | €1,469 | €1,059 | -€410 | -27.9% |
| Total equity and liabilities | 10/49 | €2,345,188 | €2,448,224 | +€103,035 | +4.4% |
| Equity | 10/15 | €1,651,739 | €1,719,750 | +€68,011 | +4.1% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €1,646,739 | €1,714,750 | +€68,011 | +4.1% |
| Tax-exempt reserves | 132 | €189,450 | €505,200 | +€315,750 | +166.7% |
| Distributable reserves | 133 | €1,457,289 | €1,209,550 | -€247,739 | -17.0% |
| Amounts payable | 17/49 | €693,449 | €728,474 | +€35,025 | +5.1% |
| Amounts payable after more than one year | 17 | €184,538 | €116,596 | -€67,942 | -36.8% |
| Financial debts | 170/4 | €184,538 | €116,596 | -€67,942 | -36.8% |
| Amounts payable within one year | 42/48 | €507,859 | €605,970 | +€98,111 | +19.3% |
| Current portion of amounts payable after more than one year | 42 | €346,120 | €324,260 | -€21,860 | -6.3% |
| Trade debts | 44 | €10,899 | - | -€10,899 | |
| Suppliers | 440/4 | €10,899 | - | -€10,899 | |
| Taxes, remuneration and social security | 45 | €150,839 | €123,259 | -€27,580 | -18.3% |
| Taxes | 450/3 | €150,839 | €123,259 | -€27,580 | -18.3% |
| Other amounts payable | 47/48 | - | €158,450 | +€158,450 | |
| Accrued charges and deferred income | 492/3 | €1,052 | €5,908 | +€4,855 | +461.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,896 | €7,314 | +€418 | +6.1% |
| Other operating charges | 640/8 | €45,968 | €76,071 | +€30,104 | +65.5% |
| Gross operating margin | 9900 | €454,345 | €579,629 | +€125,284 | +27.6% |
| Operating profit (loss) | 9901 | €401,482 | €496,244 | +€94,762 | +23.6% |
| Financial income | 75/76B | €288,612 | €316,536 | +€27,924 | +9.7% |
| Recurring financial income | 75 | €288,612 | €316,536 | +€27,924 | +9.7% |
| Financial charges | 65/66B | €38,745 | €48,441 | +€9,695 | +25.0% |
| Recurring financial charges | 65 | €38,745 | €48,441 | +€9,695 | +25.0% |
| Profit (loss) for the period before taxes | 9903 | €651,348 | €764,339 | +€112,991 | +17.3% |
| Income taxes | 67/77 | €68,758 | €79,628 | +€10,870 | +15.8% |
| Profit (loss) for the period | 9904 | €582,590 | €684,711 | +€102,121 | +17.5% |
| Transfer to tax-exempt reserves | 689 | €189,450 | €315,750 | +€126,300 | +66.7% |
| Profit (loss) for the period to be appropriated | 9905 | €393,140 | €368,961 | -€24,179 | -6.2% |
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 5 October 2026 via checked.be.