BvM FINANCE: 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 FINANCE
Largest movements
- Receivables within one year +€479,022
up €479,022 (+2,238%), from €21,406 to €500,428
of which Other amounts receivable: +€478,594
- Cash -€243,235
down €243,235 (-59.0%), from €412,490 to €169,255
mainly Receivables within one year (-€479,022) and Deferred charges and accrued income (-€125,953)
- Deferred charges and accrued income +€125,953
up €125,953 (+187%), from €67,306 to €193,259
- Intangible fixed assets -€108,757
down €108,757 (-28.6%), from €380,153 to €271,396
- Tangible fixed assets -€16,646
down €16,646 (-6.0%), from €277,736 to €261,090
- Profit (loss) carried forward +€276,250
up €276,250 (+43.4%), from €636,718 to €912,968
- Tax, wage and social debts +€42,950
up €42,950 (+103%), from €41,634 to €84,584
of which Taxes: +€41,541
- Current portion of long-term debt -€40,352
down €40,352 (-64.9%), from €62,147 to €21,794
- Accrued charges and deferred income -€29,456
no longer reported in 2025 (was €29,456)
- Debts after one year -€22,373
down €22,373 (-9.2%), from €243,712 to €221,339
- Gross operating margin +€225,286
up €225,286 (+42.9%), from €524,674 to €749,960
- Taxes +€69,751
up €69,751 (+221%), from €31,594 to €101,345
- Other operating charges -€28,178
down €28,178 (-90.0%), from €31,301 to €3,123
- Staff costs -€7,527
down €7,527 (-3.2%), from €236,267 to €228,740
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 | €1,163,591 | €1,395,429 | +€231,838 | +19.9% |
| Fixed assets | 21/28 | €662,389 | €532,486 | -€129,903 | -19.6% |
| Intangible fixed assets | 21 | €380,153 | €271,396 | -€108,757 | -28.6% |
| Tangible fixed assets | 22/27 | €277,736 | €261,090 | -€16,646 | -6.0% |
| Land and buildings | 22 | €225,906 | €219,823 | -€6,084 | -2.7% |
| Plant, machinery and equipment | 23 | €9,113 | €5,628 | -€3,485 | -38.2% |
| Furniture and vehicles | 24 | €42,717 | €35,639 | -€7,077 | -16.6% |
| Financial fixed assets | 28 | €4,500 | - | -€4,500 | |
| Current assets | 29/58 | €501,202 | €862,943 | +€361,741 | +72.2% |
| Amounts receivable within one year | 40/41 | €21,406 | €500,428 | +€479,022 | +2,238% |
| Trade receivables | 40 | - | €428 | +€428 | |
| Other amounts receivable | 41 | €21,406 | €500,000 | +€478,594 | +2,236% |
| Cash at bank and in hand | 54/58 | €412,490 | €169,255 | -€243,235 | -59.0% |
| Deferred charges and accrued income | 490/1 | €67,306 | €193,259 | +€125,953 | +187% |
| Total equity and liabilities | 10/49 | €1,163,591 | €1,395,429 | +€231,838 | +19.9% |
| Equity | 10/15 | €781,251 | €1,057,501 | +€276,250 | +35.4% |
| Contributions | 10/11 | €50,000 | €50,000 | = | 0.0% |
| Reserves | 13 | €94,533 | €94,533 | = | 0.0% |
| Non-distributable reserves | 130/1 | €5,000 | €5,000 | = | 0.0% |
| Reserves not available under the articles | 1311 | €5,000 | €5,000 | = | 0.0% |
| Distributable reserves | 133 | €89,533 | €89,533 | = | 0.0% |
| Profit (loss) carried forward | 14 | €636,718 | €912,968 | +€276,250 | +43.4% |
| Amounts payable | 17/49 | €382,339 | €337,928 | -€44,412 | -11.6% |
| Amounts payable after more than one year | 17 | €243,712 | €221,339 | -€22,373 | -9.2% |
| Financial debts | 170/4 | €243,712 | €221,339 | -€22,373 | -9.2% |
| Amounts payable within one year | 42/48 | €109,171 | €116,589 | +€7,417 | +6.8% |
| Current portion of amounts payable after more than one year | 42 | €62,147 | €21,794 | -€40,352 | -64.9% |
| Trade debts | 44 | €5,390 | €6,305 | +€914 | +17.0% |
| Suppliers | 440/4 | €5,390 | €6,305 | +€914 | +17.0% |
| Taxes, remuneration and social security | 45 | €41,634 | €84,584 | +€42,950 | +103% |
| Taxes | 450/3 | €3,897 | €45,438 | +€41,541 | +1,066% |
| Remuneration and social security | 454/9 | €37,737 | €39,145 | +€1,408 | +3.7% |
| Other amounts payable | 47/48 | - | €3,905 | +€3,905 | |
| Accrued charges and deferred income | 492/3 | €29,456 | - | -€29,456 | |
| Remuneration, social security and pensions | 62 | €236,267 | €228,740 | -€7,527 | -3.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €124,321 | €125,403 | +€1,082 | +0.9% |
| Other operating charges | 640/8 | €31,301 | €3,123 | -€28,178 | -90.0% |
| Gross operating margin | 9900 | €524,674 | €749,960 | +€225,286 | +42.9% |
| Operating profit (loss) | 9901 | €132,786 | €392,694 | +€259,908 | +196% |
| Financial income | 75/76B | - | €2,719 | +€2,719 | |
| Recurring financial income | 75 | - | €2,719 | +€2,719 | |
| Financial charges | 65/66B | €11,659 | €17,817 | +€6,159 | +52.8% |
| Recurring financial charges | 65 | €11,659 | €17,817 | +€6,159 | +52.8% |
| Profit (loss) for the period before taxes | 9903 | €121,127 | €377,595 | +€256,468 | +212% |
| Income taxes | 67/77 | €31,594 | €101,345 | +€69,751 | +221% |
| Profit (loss) for the period | 9904 | €89,533 | €276,250 | +€186,716 | +209% |
| Profit (loss) for the period to be appropriated | 9905 | €89,533 | €276,250 | +€186,716 | +209% |
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 22 October 2026 via checked.be.