BVL ENGINEERING: 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 ENGINEERING
Largest movements
- Tangible fixed assets +€271,515
up €271,515 (+107.6%), from €252,324 to €523,839
of which Land and buildings: +€277,048
- Cash -€45,553
down €45,553 (-63.7%), from €71,480 to €25,927
mainly Investment in fixed assets (net) (-€300,541) and Contributions, distributions and other (-€234,027)
- Current investments -€39,650
down €39,650 (-32.2%), from €123,323 to €83,673
- Receivables within one year -€32,908
down €32,908 (-40.3%), from €81,694 to €48,786
of which Other amounts receivable: -€26,403
- Reserves -€189,241
down €189,241 (-35.0%), from €541,335 to €352,094
of which Distributable reserves: -€189,241
- Debts after one year +€174,042
up €174,042 (+48.1%), from €362,123 to €536,165
- Other debts +€137,109
up €137,109 (+58593.4%), from €234 to €137,343
- Trade debts +€18,198
up €18,198 (+48.4%), from €37,635 to €55,833
- Gross operating margin -€26,394
down €26,394 (-18.9%), from €139,798 to €113,405
- Depreciation +€19,281
up €19,281 (+197.8%), from €9,746 to €29,027
- Taxes -€17,434
down €17,434 (-44.1%), from €39,510 to €22,076
- Financial charges +€3,565
up €3,565 (+24.2%), from €14,725 to €18,290
- Financial income -€3,521
down €3,521 (-54.4%), from €6,471 to €2,951
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 | €1,014,003 | €1,167,527 | +€153,523 | +15.1% |
| Fixed assets | 21/28 | €655,519 | €927,034 | +€271,515 | +41.4% |
| Tangible fixed assets | 22/27 | €252,324 | €523,839 | +€271,515 | +107.6% |
| Land and buildings | 22 | €242,446 | €519,494 | +€277,048 | +114.3% |
| Plant, machinery and equipment | 23 | €3,488 | €2,392 | -€1,095 | -31.4% |
| Furniture and vehicles | 24 | €3,788 | €0 | -€3,788 | -100.0% |
| Other tangible fixed assets | 26 | €2,603 | €1,952 | -€651 | -25.0% |
| Financial fixed assets | 28 | €403,195 | €403,195 | = | 0.0% |
| Current assets | 29/58 | €358,484 | €240,493 | -€117,991 | -32.9% |
| Amounts receivable after more than one year | 29 | €80,000 | €80,000 | = | 0.0% |
| Other amounts receivable | 291 | €80,000 | €80,000 | = | 0.0% |
| Stocks and contracts in progress | 3 | €1,157 | €1,157 | = | 0.0% |
| Stocks | 30/36 | €1,157 | €1,157 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €81,694 | €48,786 | -€32,908 | -40.3% |
| Trade receivables | 40 | €46,936 | €40,432 | -€6,505 | -13.9% |
| Other amounts receivable | 41 | €34,757 | €8,354 | -€26,403 | -76.0% |
| Current investments | 50/53 | €123,323 | €83,673 | -€39,650 | -32.2% |
| Cash at bank and in hand | 54/58 | €71,480 | €25,927 | -€45,553 | -63.7% |
| Deferred charges and accrued income | 490/1 | €831 | €950 | +€119 | +14.3% |
| Total equity and liabilities | 10/49 | €1,014,003 | €1,167,527 | +€153,523 | +15.1% |
| Equity | 10/15 | €547,535 | €358,294 | -€189,241 | -34.6% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €541,335 | €352,094 | -€189,241 | -35.0% |
| Tax-exempt reserves | 132 | €1,864 | €1,864 | = | 0.0% |
| Distributable reserves | 133 | €539,471 | €350,230 | -€189,241 | -35.1% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €466,468 | €809,233 | +€342,765 | +73.5% |
| Amounts payable after more than one year | 17 | €362,123 | €536,165 | +€174,042 | +48.1% |
| Financial debts | 170/4 | €362,123 | €536,165 | +€174,042 | +48.1% |
| Amounts payable within one year | 42/48 | €104,345 | €273,068 | +€168,723 | +161.7% |
| Current portion of amounts payable after more than one year | 42 | €51,346 | €54,441 | +€3,095 | +6.0% |
| Trade debts | 44 | €37,635 | €55,833 | +€18,198 | +48.4% |
| Suppliers | 440/4 | €37,635 | €55,833 | +€18,198 | +48.4% |
| Taxes, remuneration and social security | 45 | €15,130 | €25,451 | +€10,322 | +68.2% |
| Taxes | 450/3 | €15,130 | €25,451 | +€10,322 | +68.2% |
| Other amounts payable | 47/48 | €234 | €137,343 | +€137,109 | +58593.4% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,746 | €29,027 | +€19,281 | +197.8% |
| Other operating charges | 640/8 | €1,332 | €2,177 | +€846 | +63.5% |
| Gross operating margin | 9900 | €139,798 | €113,405 | -€26,394 | -18.9% |
| Operating profit (loss) | 9901 | €128,721 | €82,201 | -€46,520 | -36.1% |
| Financial income | 75/76B | €6,471 | €2,951 | -€3,521 | -54.4% |
| Recurring financial income | 75 | €6,471 | €2,951 | -€3,521 | -54.4% |
| Financial charges | 65/66B | €14,725 | €18,290 | +€3,565 | +24.2% |
| Recurring financial charges | 65 | €14,725 | €18,290 | +€3,565 | +24.2% |
| Profit (loss) for the period before taxes | 9903 | €120,468 | €66,861 | -€53,606 | -44.5% |
| Income taxes | 67/77 | €39,510 | €22,076 | -€17,434 | -44.1% |
| Profit (loss) for the period | 9904 | €80,958 | €44,785 | -€36,172 | -44.7% |
| Profit (loss) for the period to be appropriated | 9905 | €80,958 | €44,785 | -€36,172 | -44.7% |
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.