BVL IT: 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 IT
Largest movements
- Cash -€114,975
down €114,975 (-75.6%), from €152,055 to €37,079
mainly Contributions, distributions and other (-€375,158) and Other debts (-€97,646)
- Current investments -€67,000
down €67,000 (-21.9%), from €306,000 to €239,000
- Receivables within one year +€38,200
up €38,200 (+17.6%), from €216,488 to €254,688
of which Trade receivables: +€62,381
- Reserves -€157,646
down €157,646 (-100%), from €157,646 to €0
- Trade debts +€100,898
up €100,898 (+89.6%), from €112,551 to €213,448
- Other debts -€97,646
down €97,646 (-24.5%), from €398,024 to €300,378
- Gross operating margin -€18,170
down €18,170 (-5.7%), from €321,288 to €303,118
- Financial charges -€9,453
down €9,453 (-50.9%), from €18,575 to €9,122
of which Non-recurring financial charges: -€10,000
- Taxes -€6,198
down €6,198 (-7.8%), from €79,015 to €72,817
- Financial income -€5,140
down €5,140 (-60.6%), from €8,486 to €3,346
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 | €701,809 | €553,252 | -€148,558 | -21.2% |
| Fixed assets | 21/28 | €22,608 | €18,357 | -€4,251 | -18.8% |
| Tangible fixed assets | 22/27 | €22,608 | €18,357 | -€4,251 | -18.8% |
| Furniture and vehicles | 24 | €1,531 | €2,184 | +€653 | +42.6% |
| Other tangible fixed assets | 26 | €21,076 | €16,173 | -€4,904 | -23.3% |
| Current assets | 29/58 | €679,201 | €534,894 | -€144,307 | -21.2% |
| Amounts receivable within one year | 40/41 | €216,488 | €254,688 | +€38,200 | +17.6% |
| Trade receivables | 40 | €180,138 | €242,519 | +€62,381 | +34.6% |
| Other amounts receivable | 41 | €36,350 | €12,169 | -€24,181 | -66.5% |
| Current investments | 50/53 | €306,000 | €239,000 | -€67,000 | -21.9% |
| Cash at bank and in hand | 54/58 | €152,055 | €37,079 | -€114,975 | -75.6% |
| Deferred charges and accrued income | 490/1 | €4,659 | €4,127 | -€531 | -11.4% |
| Total equity and liabilities | 10/49 | €701,809 | €553,252 | -€148,558 | -21.2% |
| Equity | 10/15 | €176,196 | €18,550 | -€157,646 | -89.5% |
| Contributions | 10/11 | €18,550 | €18,550 | = | 0.0% |
| Reserves | 13 | €157,646 | €0 | -€157,646 | -100% |
| Distributable reserves | 133 | €157,646 | €0 | -€157,646 | -100% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €525,614 | €534,702 | +€9,088 | +1.7% |
| Amounts payable within one year | 42/48 | €517,310 | €525,647 | +€8,336 | +1.6% |
| Trade debts | 44 | €112,551 | €213,448 | +€100,898 | +89.6% |
| Suppliers | 440/4 | €112,551 | €213,448 | +€100,898 | +89.6% |
| Taxes, remuneration and social security | 45 | €6,736 | €11,821 | +€5,085 | +75.5% |
| Taxes | 450/3 | €6,736 | €11,821 | +€5,085 | +75.5% |
| Other amounts payable | 47/48 | €398,024 | €300,378 | -€97,646 | -24.5% |
| Accrued charges and deferred income | 492/3 | €8,303 | €9,055 | +€751 | +9.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,817 | €6,316 | +€499 | +8.6% |
| Other operating charges | 640/8 | €1,261 | €697 | -€563 | -44.7% |
| Gross operating margin | 9900 | €321,288 | €303,118 | -€18,170 | -5.7% |
| Operating profit (loss) | 9901 | €314,211 | €296,105 | -€18,106 | -5.8% |
| Financial income | 75/76B | €8,486 | €3,346 | -€5,140 | -60.6% |
| Recurring financial income | 75 | €8,486 | €3,346 | -€5,140 | -60.6% |
| Financial charges | 65/66B | €18,575 | €9,122 | -€9,453 | -50.9% |
| Recurring financial charges | 65 | €8,575 | €9,122 | +€547 | +6.4% |
| Non-recurring financial charges | 66B | €10,000 | €0 | -€10,000 | -100% |
| Profit (loss) for the period before taxes | 9903 | €304,122 | €290,329 | -€13,794 | -4.5% |
| Income taxes | 67/77 | €79,015 | €72,817 | -€6,198 | -7.8% |
| Profit (loss) for the period | 9904 | €225,107 | €217,512 | -€7,595 | -3.4% |
| Profit (loss) for the period to be appropriated | 9905 | €225,107 | €217,512 | -€7,595 | -3.4% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 16 October 2026 via checked.be.