BVL: 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.
BVL
Largest movements
- Receivables within one year -€21,403
down €21,403 (-99.4%), from €21,526 to €123
of which Trade receivables: -€21,108
- Cash +€5,859
up €5,859 (+375,582%), from €2 to €5,861
mainly Receivables within one year (+€21,403) and Other debts (+€808)
- Stocks and contracts +€1,000
new in 2025: €1,000
- Accrued charges and deferred income -€13,113
no longer reported in 2025 (was €13,113)
- Tax, wage and social debts -€1,530
down €1,530 (-73.2%), from €2,089 to €559
- Trade debts -€900
no longer reported in 2025 (was €900)
- Other debts +€808
up €808 (+86.5%), from €935 to €1,743
- Gross operating margin -€3,998
down €3,998 (-75.3%), from €5,312 to €1,314
- Taxes -€1,670
down €1,670 (-80.0%), from €2,089 to €419
- Depreciation -€1,051
no longer reported in 2025 (was €1,051)
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 | €21,528 | €6,984 | -€14,544 | -67.6% |
| Current assets | 29/58 | €21,528 | €6,984 | -€14,544 | -67.6% |
| Stocks and contracts in progress | 3 | - | €1,000 | +€1,000 | |
| Contracts in progress | 37 | - | €1,000 | +€1,000 | |
| Amounts receivable within one year | 40/41 | €21,526 | €123 | -€21,403 | -99.4% |
| Trade receivables | 40 | €21,196 | €88 | -€21,108 | -99.6% |
| Other amounts receivable | 41 | €330 | €35 | -€295 | -89.3% |
| Cash at bank and in hand | 54/58 | €2 | €5,861 | +€5,859 | +375,582% |
| Total equity and liabilities | 10/49 | €21,528 | €6,984 | -€14,544 | -67.6% |
| Equity | 10/15 | €4,491 | €4,682 | +€191 | +4.2% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €1,491 | €1,682 | +€191 | +12.8% |
| Distributable reserves | 133 | €1,491 | €1,682 | +€191 | +12.8% |
| Amounts payable | 17/49 | €17,037 | €2,302 | -€14,734 | -86.5% |
| Amounts payable within one year | 42/48 | €3,924 | €2,302 | -€1,621 | -41.3% |
| Trade debts | 44 | €900 | - | -€900 | |
| Suppliers | 440/4 | €900 | - | -€900 | |
| Taxes, remuneration and social security | 45 | €2,089 | €559 | -€1,530 | -73.2% |
| Taxes | 450/3 | €2,089 | €559 | -€1,530 | -73.2% |
| Other amounts payable | 47/48 | €935 | €1,743 | +€808 | +86.5% |
| Accrued charges and deferred income | 492/3 | €13,113 | - | -€13,113 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,051 | - | -€1,051 | |
| Other operating charges | 640/8 | €617 | €665 | +€48 | +7.7% |
| Gross operating margin | 9900 | €5,312 | €1,314 | -€3,998 | -75.3% |
| Operating profit (loss) | 9901 | €3,644 | €649 | -€2,995 | -82.2% |
| Financial income | 75/76B | €0 | - | -€0 | |
| Recurring financial income | 75 | €0 | - | -€0 | |
| Financial charges | 65/66B | €65 | €39 | -€25 | -39.1% |
| Recurring financial charges | 65 | €65 | €39 | -€25 | -39.1% |
| Profit (loss) for the period before taxes | 9903 | €3,580 | €610 | -€2,970 | -83.0% |
| Income taxes | 67/77 | €2,089 | €419 | -€1,670 | -80.0% |
| Profit (loss) for the period | 9904 | €1,491 | €191 | -€1,300 | -87.2% |
| Profit (loss) for the period to be appropriated | 9905 | €1,491 | €191 | -€1,300 | -87.2% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 26 October 2026 via checked.be.