BVM CONSULTING: 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.
BVM CONSULTING
Largest movements
- Receivables within one year -€66,364
down €66,364 (-75.1%), from €88,391 to €22,027
of which Trade receivables: -€65,152
- Cash +€26,418
up €26,418 (+136.2%), from €19,391 to €45,809
mainly Receivables within one year (+€66,364) and Current investments (+€18,955)
- Current investments -€18,955
no longer reported in 2025 (was €18,955)
- Tangible fixed assets +€5,345
up €5,345 (+12.1%), from €44,258 to €49,603
of which Other tangible fixed assets: +€9,934
- Deferred charges and accrued income -€4,124
down €4,124 (-41.5%), from €9,941 to €5,817
- Other debts -€24,760
down €24,760 (-26.5%), from €93,600 to €68,840
- Reserves -€22,649
down €22,649 (-58.4%), from €38,802 to €16,153
- Tax, wage and social debts -€16,709
down €16,709 (-89.2%), from €18,725 to €2,016
of which Taxes: -€14,718
- Trade debts +€6,437
up €6,437 (+57.2%), from €11,259 to €17,697
- Gross operating margin -€64,050
down €64,050 (-63.2%), from €101,290 to €37,240
- Taxes -€13,372
down €13,372 (-61.3%), from €21,800 to €8,428
- Financial income -€9,286
down €9,286 (-97.6%), from €9,515 to €230
- Financial charges +€4,410
up €4,410 (+281.8%), from €1,565 to €5,976
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 | €180,937 | €123,257 | -€57,680 | -31.9% |
| Fixed assets | 21/28 | €44,258 | €49,603 | +€5,345 | +12.1% |
| Tangible fixed assets | 22/27 | €44,258 | €49,603 | +€5,345 | +12.1% |
| Land and buildings | 22 | €16,442 | €14,337 | -€2,105 | -12.8% |
| Furniture and vehicles | 24 | €12,466 | €9,982 | -€2,484 | -19.9% |
| Other tangible fixed assets | 26 | €15,351 | €25,285 | +€9,934 | +64.7% |
| Current assets | 29/58 | €136,678 | €73,653 | -€63,025 | -46.1% |
| Amounts receivable within one year | 40/41 | €88,391 | €22,027 | -€66,364 | -75.1% |
| Trade receivables | 40 | €79,734 | €14,582 | -€65,152 | -81.7% |
| Other amounts receivable | 41 | €8,657 | €7,445 | -€1,212 | -14.0% |
| Current investments | 50/53 | €18,955 | - | -€18,955 | |
| Cash at bank and in hand | 54/58 | €19,391 | €45,809 | +€26,418 | +136.2% |
| Deferred charges and accrued income | 490/1 | €9,941 | €5,817 | -€4,124 | -41.5% |
| Total equity and liabilities | 10/49 | €180,937 | €123,257 | -€57,680 | -31.9% |
| Equity | 10/15 | €57,352 | €34,703 | -€22,649 | -39.5% |
| Contributions | 10/11 | €18,550 | €18,550 | = | 0.0% |
| Reserves | 13 | €38,802 | €16,153 | -€22,649 | -58.4% |
| Distributable reserves | 133 | €38,802 | €16,153 | -€22,649 | -58.4% |
| Amounts payable | 17/49 | €123,584 | €88,553 | -€35,031 | -28.3% |
| Amounts payable within one year | 42/48 | €123,584 | €88,553 | -€35,031 | -28.3% |
| Trade debts | 44 | €11,259 | €17,697 | +€6,437 | +57.2% |
| Suppliers | 440/4 | €11,259 | €17,697 | +€6,437 | +57.2% |
| Taxes, remuneration and social security | 45 | €18,725 | €2,016 | -€16,709 | -89.2% |
| Taxes | 450/3 | €16,658 | €1,940 | -€14,718 | -88.4% |
| Remuneration and social security | 454/9 | €2,066 | €76 | -€1,990 | -96.3% |
| Other amounts payable | 47/48 | €93,600 | €68,840 | -€24,760 | -26.5% |
| Non-recurring operating income | 76A | - | €10,210 | +€10,210 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,285 | €6,549 | -€736 | -10.1% |
| Other operating charges | 640/8 | €853 | €364 | -€490 | -57.4% |
| Gross operating margin | 9900 | €101,290 | €37,240 | -€64,050 | -63.2% |
| Operating profit (loss) | 9901 | €93,152 | €30,327 | -€62,825 | -67.4% |
| Financial income | 75/76B | €9,515 | €230 | -€9,286 | -97.6% |
| Recurring financial income | 75 | €9,515 | €230 | -€9,286 | -97.6% |
| Financial charges | 65/66B | €1,565 | €5,976 | +€4,410 | +281.8% |
| Recurring financial charges | 65 | €1,565 | €5,976 | +€4,410 | +281.8% |
| Profit (loss) for the period before taxes | 9903 | €101,102 | €24,581 | -€76,521 | -75.7% |
| Income taxes | 67/77 | €21,800 | €8,428 | -€13,372 | -61.3% |
| Profit (loss) for the period | 9904 | €79,302 | €16,153 | -€63,149 | -79.6% |
| Profit (loss) for the period to be appropriated | 9905 | €79,302 | €16,153 | -€63,149 | -79.6% |
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 10 October 2026 via checked.be.