BVL: 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.
BVL
Largest movements
- Cash +€34,288
up €34,288 (+99.7%), from €34,401 to €68,689
mainly Other debts (+€70,000) and Receivables within one year (+€31,388)
- Receivables within one year -€31,388
down €31,388 (-46.3%), from €67,720 to €36,332
of which Trade receivables: -€20,649
- Other debts +€70,000
up €70,000 (+4912.3%), from €1,425 to €71,425
- Profit (loss) carried forward -€68,421
down €68,421 (-78.3%), from €87,358 to €18,937
- Gross operating margin -€11,029
down €11,029, from €10,847 to -€182
- Taxes -€2,649
down €2,649 (-82.3%), from €3,218 to €569
- Staff costs -€901
no longer reported in 2025 (was €901)
- Financial income +€564
up €564 (+25.5%), from €2,215 to €2,779
- Other operating charges +€255
up €255 (+463.6%), from €55 to €310
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 | €102,296 | €105,098 | +€2,802 | +2.7% |
| Fixed assets | 21/28 | €175 | - | -€175 | |
| Financial fixed assets | 28 | €175 | - | -€175 | |
| Current assets | 29/58 | €102,121 | €105,098 | +€2,977 | +2.9% |
| Amounts receivable within one year | 40/41 | €67,720 | €36,332 | -€31,388 | -46.3% |
| Trade receivables | 40 | €56,597 | €35,948 | -€20,649 | -36.5% |
| Other amounts receivable | 41 | €11,123 | €384 | -€10,739 | -96.5% |
| Cash at bank and in hand | 54/58 | €34,401 | €68,689 | +€34,288 | +99.7% |
| Deferred charges and accrued income | 490/1 | - | €77 | +€77 | |
| Total equity and liabilities | 10/49 | €102,296 | €105,098 | +€2,802 | +2.7% |
| Equity | 10/15 | €97,358 | €28,937 | -€68,421 | -70.3% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €87,358 | €18,937 | -€68,421 | -78.3% |
| Amounts payable | 17/49 | €4,938 | €76,161 | +€71,223 | +1442.3% |
| Amounts payable within one year | 42/48 | €4,938 | €76,161 | +€71,223 | +1442.3% |
| Trade debts | 44 | €196 | €850 | +€653 | +332.8% |
| Suppliers | 440/4 | €196 | €850 | +€653 | +332.8% |
| Taxes, remuneration and social security | 45 | €3,317 | €3,886 | +€569 | +17.2% |
| Taxes | 450/3 | €3,317 | €3,886 | +€569 | +17.2% |
| Other amounts payable | 47/48 | €1,425 | €71,425 | +€70,000 | +4912.3% |
| Remuneration, social security and pensions | 62 | €901 | - | -€901 | |
| Other operating charges | 640/8 | €55 | €310 | +€255 | +463.6% |
| Gross operating margin | 9900 | €10,847 | -€182 | -€11,029 | |
| Operating profit (loss) | 9901 | €9,891 | -€492 | -€10,384 | |
| Financial income | 75/76B | €2,215 | €2,779 | +€564 | +25.5% |
| Recurring financial income | 75 | €2,215 | €2,779 | +€564 | +25.5% |
| Financial charges | 65/66B | €127 | €138 | +€11 | +8.4% |
| Recurring financial charges | 65 | €127 | €138 | +€11 | +8.4% |
| Profit (loss) for the period before taxes | 9903 | €11,979 | €2,149 | -€9,830 | -82.1% |
| Income taxes | 67/77 | €3,218 | €569 | -€2,649 | -82.3% |
| Profit (loss) for the period | 9904 | €8,761 | €1,579 | -€7,182 | -82.0% |
| Profit (loss) for the period to be appropriated | 9905 | €8,761 | €1,579 | -€7,182 | -82.0% |
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 30 September 2026 via checked.be.