BVL Shipping: 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 Shipping
Largest movements
- Cash -€5,689
down €5,689 (-83.4%), from €6,823 to €1,134
mainly Debts after one year (-€40,000) and Accrued charges and deferred income (-€1,460)
- Debts after one year -€40,000
down €40,000 (-32.9%), from €121,400 to €81,400
- Reserves +€34,330
up €34,330 (+42.6%), from €80,627 to €114,957
- Financial income +€8,000
up €8,000 (+21.6%), from €37,000 to €45,000
- Gross operating margin -€728
down €728 (-54.6%), from -€1,332 to -€2,059
- Taxes +€699
up €699 (+25.5%), from €2,734 to €3,433
- Financial charges -€223
down €223 (-4.6%), from €4,869 to €4,646
- Other operating charges -€189
down €189 (-26.2%), from €720 to €531
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 | €231,223 | €226,666 | -€4,557 | -2.0% |
| Fixed assets | 21/28 | €224,400 | €224,400 | = | 0.0% |
| Financial fixed assets | 28 | €224,400 | €224,400 | = | 0.0% |
| Current assets | 29/58 | €6,823 | €2,266 | -€4,557 | -66.8% |
| Amounts receivable within one year | 40/41 | - | €1,132 | +€1,132 | |
| Trade receivables | 40 | - | €1,132 | +€1,132 | |
| Cash at bank and in hand | 54/58 | €6,823 | €1,134 | -€5,689 | -83.4% |
| Total equity and liabilities | 10/49 | €231,223 | €226,666 | -€4,557 | -2.0% |
| Equity | 10/15 | €80,628 | €114,958 | +€34,330 | +42.6% |
| Contributions | 10/11 | €1 | €1 | = | 0.0% |
| Reserves | 13 | €80,627 | €114,957 | +€34,330 | +42.6% |
| Distributable reserves | 133 | €80,627 | €114,957 | +€34,330 | +42.6% |
| Amounts payable | 17/49 | €150,594 | €111,707 | -€38,887 | -25.8% |
| Amounts payable after more than one year | 17 | €121,400 | €81,400 | -€40,000 | -32.9% |
| Financial debts | 170/4 | €121,400 | €81,400 | -€40,000 | -32.9% |
| Amounts payable within one year | 42/48 | €27,734 | €30,307 | +€2,573 | +9.3% |
| Current portion of amounts payable after more than one year | 42 | €25,000 | €25,000 | = | 0.0% |
| Trade debts | 44 | - | €1,874 | +€1,874 | |
| Suppliers | 440/4 | - | €1,874 | +€1,874 | |
| Taxes, remuneration and social security | 45 | €2,734 | €3,433 | +€699 | +25.5% |
| Taxes | 450/3 | €2,734 | €3,433 | +€699 | +25.5% |
| Accrued charges and deferred income | 492/3 | €1,460 | €0 | -€1,460 | -100.0% |
| Other operating charges | 640/8 | €720 | €531 | -€189 | -26.2% |
| Gross operating margin | 9900 | -€1,332 | -€2,059 | -€728 | -54.6% |
| Operating profit (loss) | 9901 | -€2,052 | -€2,591 | -€539 | -26.3% |
| Financial income | 75/76B | €37,000 | €45,000 | +€8,000 | +21.6% |
| Recurring financial income | 75 | €37,000 | €45,000 | +€8,000 | +21.6% |
| Financial charges | 65/66B | €4,869 | €4,646 | -€223 | -4.6% |
| Recurring financial charges | 65 | €4,869 | €4,646 | -€223 | -4.6% |
| Profit (loss) for the period before taxes | 9903 | €30,079 | €37,763 | +€7,685 | +25.5% |
| Income taxes | 67/77 | €2,734 | €3,433 | +€699 | +25.5% |
| Profit (loss) for the period | 9904 | €27,344 | €34,330 | +€6,986 | +25.5% |
| Profit (loss) for the period to be appropriated | 9905 | €27,344 | €34,330 | +€6,986 | +25.5% |
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 12 October 2026 via checked.be.