BVM COMMUNICATION: 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.
BVM COMMUNICATION
Largest movements
- Receivables within one year +€40,711
up €40,711 (+29.7%), from €137,223 to €177,934
of which Other amounts receivable: +€31,465
- Tangible fixed assets +€5,595
up €5,595 (+16.8%), from €33,387 to €38,982
of which Furniture and vehicles: +€5,885
- Reserves +€31,500
up €31,500 (+34.5%), from €91,359 to €122,859
of which Distributable reserves: +€31,500
- Debts after one year +€14,948
new in 2025: €14,948
- Advances received -€10,732
down €10,732 (-100.0%), from €10,732 to €0
- Tax, wage and social debts +€8,856
up €8,856 (+27.8%), from €31,899 to €40,755
- Trade debts -€6,606
down €6,606 (-70.4%), from €9,387 to €2,781
- Gross operating margin +€19,164
up €19,164 (+46.0%), from €41,625 to €60,789
- Depreciation +€10,469
up €10,469 (+358.5%), from €2,920 to €13,389
- Taxes +€4,015
up €4,015 (+28.3%), from €14,183 to €18,198
- Other operating charges +€2,857
up €2,857 (+215.0%), from €1,329 to €4,186
- Financial income +€2,336
up €2,336 (+32.7%), from €7,153 to €9,489
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
Cash or the result is not a separate line in both sets of accounts; the cash flow cannot be derived from them.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €174,330 | €218,781 | +€44,451 | +25.5% |
| Fixed assets | 21/28 | €33,387 | €38,982 | +€5,595 | +16.8% |
| Tangible fixed assets | 22/27 | €33,387 | €38,982 | +€5,595 | +16.8% |
| Plant, machinery and equipment | 23 | €337 | €47 | -€290 | -86.1% |
| Furniture and vehicles | 24 | €33,051 | €38,935 | +€5,885 | +17.8% |
| Current assets | 29/58 | €140,943 | €179,799 | +€38,856 | +27.6% |
| Amounts receivable within one year | 40/41 | €137,223 | €177,934 | +€40,711 | +29.7% |
| Trade receivables | 40 | €6,447 | €15,693 | +€9,246 | +143.4% |
| Other amounts receivable | 41 | €130,776 | €162,241 | +€31,465 | +24.1% |
| Deferred charges and accrued income | 490/1 | €3,720 | €1,865 | -€1,855 | -49.9% |
| Total equity and liabilities | 10/49 | €174,330 | €218,781 | +€44,451 | +25.5% |
| Equity | 10/15 | €113,644 | €147,267 | +€33,623 | +29.6% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €91,359 | €122,859 | +€31,500 | +34.5% |
| Non-distributable reserves | 130/1 | €1,859 | €1,859 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,859 | €1,859 | = | 0.0% |
| Distributable reserves | 133 | €89,500 | €121,000 | +€31,500 | +35.2% |
| Profit (loss) carried forward | 14 | €3,693 | €5,816 | +€2,123 | +57.5% |
| Amounts payable | 17/49 | €60,686 | €71,514 | +€10,828 | +17.8% |
| Amounts payable after more than one year | 17 | - | €14,948 | +€14,948 | |
| Financial debts | 170/4 | - | €14,948 | +€14,948 | |
| Amounts payable within one year | 42/48 | €60,686 | €56,567 | -€4,120 | -6.8% |
| Current portion of amounts payable after more than one year | 42 | - | €3,503 | +€3,503 | |
| Financial debts | 43 | €8,668 | €9,529 | +€860 | +9.9% |
| Credit institutions | 430/8 | €8,668 | €9,529 | +€860 | +9.9% |
| Trade debts | 44 | €9,387 | €2,781 | -€6,606 | -70.4% |
| Suppliers | 440/4 | €9,387 | €2,781 | -€6,606 | -70.4% |
| Advances received on contracts in progress | 46 | €10,732 | €0 | -€10,732 | -100.0% |
| Taxes, remuneration and social security | 45 | €31,899 | €40,755 | +€8,856 | +27.8% |
| Taxes | 450/3 | €31,899 | €40,755 | +€8,856 | +27.8% |
| Remuneration, social security and pensions | 62 | - | €80 | +€80 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,920 | €13,389 | +€10,469 | +358.5% |
| Other operating charges | 640/8 | €1,329 | €4,186 | +€2,857 | +215.0% |
| Gross operating margin | 9900 | €41,625 | €60,789 | +€19,164 | +46.0% |
| Operating profit (loss) | 9901 | €37,376 | €43,134 | +€5,758 | +15.4% |
| Financial income | 75/76B | €7,153 | €9,489 | +€2,336 | +32.7% |
| Recurring financial income | 75 | €7,153 | €9,489 | +€2,336 | +32.7% |
| Financial charges | 65/66B | €2,476 | €802 | -€1,674 | -67.6% |
| Recurring financial charges | 65 | €2,476 | €802 | -€1,674 | -67.6% |
| Profit (loss) for the period before taxes | 9903 | €42,053 | €51,821 | +€9,768 | +23.2% |
| Income taxes | 67/77 | €14,183 | €18,198 | +€4,015 | +28.3% |
| Profit (loss) for the period | 9904 | €27,870 | €33,623 | +€5,752 | +20.6% |
| Profit (loss) for the period to be appropriated | 9905 | €27,870 | €33,623 | +€5,752 | +20.6% |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 4 October 2026 via checked.be.