BVL IMMO: 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 IMMO
Largest movements
- Tangible fixed assets -€11,250
down €11,250 (-9.1%), from €122,983 to €111,733
of which Furniture and vehicles: -€11,250
- Deferred charges and accrued income -€6,853
down €6,853 (-25.6%), from €26,768 to €19,914
- Receivables within one year -€3,471
down €3,471 (-11.4%), from €30,351 to €26,880
of which Trade receivables: -€3,370
- Debts after one year -€25,287
down €25,287 (-16.4%), from €153,974 to €128,687
- Profit (loss) carried forward +€5,947
up €5,947 (+7.2%), from -€82,477 to -€76,530
- Tax, wage and social debts -€3,677
down €3,677 (-37.9%), from €9,715 to €6,037
- Depreciation +€7,613
up €7,613 (+209.3%), from €3,637 to €11,250
- Gross operating margin -€6,441
down €6,441 (-21.0%), from €30,649 to €24,208
- Financial charges +€420
up €420 (+7.3%), from €5,770 to €6,190
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 | €182,817 | €159,468 | -€23,350 | -12.8% |
| Fixed assets | 21/28 | €122,983 | €111,733 | -€11,250 | -9.1% |
| Tangible fixed assets | 22/27 | €122,983 | €111,733 | -€11,250 | -9.1% |
| Land and buildings | 22 | €81,620 | €81,620 | = | 0.0% |
| Furniture and vehicles | 24 | €41,363 | €30,113 | -€11,250 | -27.2% |
| Current assets | 29/58 | €59,834 | €47,735 | -€12,100 | -20.2% |
| Amounts receivable within one year | 40/41 | €30,351 | €26,880 | -€3,471 | -11.4% |
| Trade receivables | 40 | €30,250 | €26,880 | -€3,370 | -11.1% |
| Other amounts receivable | 41 | €101 | - | -€101 | |
| Cash at bank and in hand | 54/58 | €2,716 | €940 | -€1,776 | -65.4% |
| Deferred charges and accrued income | 490/1 | €26,768 | €19,914 | -€6,853 | -25.6% |
| Total equity and liabilities | 10/49 | €182,817 | €159,468 | -€23,350 | -12.8% |
| Equity | 10/15 | -€8,927 | -€2,980 | +€5,947 | +66.6% |
| Contributions | 10/11 | €73,550 | €73,550 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€82,477 | -€76,530 | +€5,947 | +7.2% |
| Amounts payable | 17/49 | €191,745 | €162,448 | -€29,296 | -15.3% |
| Amounts payable after more than one year | 17 | €153,974 | €128,687 | -€25,287 | -16.4% |
| Financial debts | 170/4 | €153,974 | €128,687 | -€25,287 | -16.4% |
| Amounts payable within one year | 42/48 | €37,708 | €33,762 | -€3,946 | -10.5% |
| Current portion of amounts payable after more than one year | 42 | €25,287 | €25,287 | = | 0.0% |
| Trade debts | 44 | €852 | €602 | -€250 | -29.4% |
| Suppliers | 440/4 | €852 | €602 | -€250 | -29.4% |
| Taxes, remuneration and social security | 45 | €9,715 | €6,037 | -€3,677 | -37.9% |
| Taxes | 450/3 | €9,715 | €6,037 | -€3,677 | -37.9% |
| Other amounts payable | 47/48 | €1,854 | €1,835 | -€19 | -1.0% |
| Accrued charges and deferred income | 492/3 | €63 | - | -€63 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,637 | €11,250 | +€7,613 | +209.3% |
| Other operating charges | 640/8 | €676 | €615 | -€61 | -9.0% |
| Non-recurring operating charges | 66A | €1,038 | - | -€1,038 | |
| Gross operating margin | 9900 | €30,649 | €24,208 | -€6,441 | -21.0% |
| Operating profit (loss) | 9901 | €25,298 | €12,343 | -€12,955 | -51.2% |
| Financial income | 75/76B | €0 | - | -€0 | |
| Recurring financial income | 75 | €0 | - | -€0 | |
| Financial charges | 65/66B | €5,770 | €6,190 | +€420 | +7.3% |
| Recurring financial charges | 65 | €5,770 | €6,190 | +€420 | +7.3% |
| Profit (loss) for the period before taxes | 9903 | €19,528 | €6,153 | -€13,375 | -68.5% |
| Income taxes | 67/77 | €140 | €207 | +€67 | +48.1% |
| Profit (loss) for the period | 9904 | €19,388 | €5,947 | -€13,442 | -69.3% |
| Profit (loss) for the period to be appropriated | 9905 | €19,388 | €5,947 | -€13,442 | -69.3% |
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.