BVM GROEP: 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 GROEP
Largest movements
- Cash -€3,663
down €3,663 (-92.5%), from €3,958 to €295
mainly Net result for the year (-€12,977) and Tax, wage and social debts (-€3,946)
- Tangible fixed assets -€2,262
down €2,262 (-36.9%), from €6,127 to €3,864
of which Furniture and vehicles: -€1,815
- Receivables within one year -€173
down €173 (-17.1%), from €1,010 to €837
of which Other amounts receivable: -€425
- Profit (loss) carried forward -€12,977
down €12,977 (-57.1%), from -€22,713 to -€35,690
- Other debts +€12,672
up €12,672 (+105%), from €12,079 to €24,751
- Tax, wage and social debts -€3,946
no longer reported in 2025 (was €3,946)
- Trade debts -€994
down €994 (-72.5%), from €1,371 to €377
- Current portion of long-term debt -€852
no longer reported in 2025 (was €852)
- Gross operating margin +€14,067
up €14,067 (+62.4%), from -€22,558 to -€8,491
- Depreciation -€759
down €759 (-25.1%), from €3,021 to €2,262
- Other operating charges -€457
down €457 (-46.3%), from €987 to €530
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 | €11,144 | €5,046 | -€6,098 | -54.7% |
| Formation expenses | 20 | - | €0 | = | |
| Fixed assets | 21/28 | €6,177 | €3,914 | -€2,262 | -36.6% |
| Tangible fixed assets | 22/27 | €6,127 | €3,864 | -€2,262 | -36.9% |
| Plant, machinery and equipment | 23 | €1,349 | €902 | -€447 | -33.2% |
| Furniture and vehicles | 24 | €4,778 | €2,963 | -€1,815 | -38.0% |
| Financial fixed assets | 28 | €50 | €50 | = | 0.0% |
| Current assets | 29/58 | €4,967 | €1,132 | -€3,835 | -77.2% |
| Amounts receivable within one year | 40/41 | €1,010 | €837 | -€173 | -17.1% |
| Trade receivables | 40 | €328 | €580 | +€252 | +76.8% |
| Other amounts receivable | 41 | €682 | €257 | -€425 | -62.3% |
| Cash at bank and in hand | 54/58 | €3,958 | €295 | -€3,663 | -92.5% |
| Total equity and liabilities | 10/49 | €11,144 | €5,046 | -€6,098 | -54.7% |
| Equity | 10/15 | -€13,071 | -€26,048 | -€12,977 | -99.3% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Reserves | 13 | €7,643 | €7,643 | = | 0.0% |
| Distributable reserves | 133 | €7,643 | €7,643 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€22,713 | -€35,690 | -€12,977 | -57.1% |
| Amounts payable | 17/49 | €24,214 | €31,094 | +€6,880 | +28.4% |
| Amounts payable after more than one year | 17 | €2,271 | €2,271 | = | 0.0% |
| Financial debts | 170/4 | €2,271 | €2,271 | = | 0.0% |
| Amounts payable within one year | 42/48 | €21,943 | €28,823 | +€6,880 | +31.4% |
| Current portion of amounts payable after more than one year | 42 | €852 | - | -€852 | |
| Financial debts | 43 | €3,695 | €3,695 | = | 0.0% |
| Credit institutions | 430/8 | €3,695 | €3,695 | = | 0.0% |
| Trade debts | 44 | €1,371 | €377 | -€994 | -72.5% |
| Suppliers | 440/4 | €1,371 | €377 | -€994 | -72.5% |
| Taxes, remuneration and social security | 45 | €3,946 | - | -€3,946 | |
| Taxes | 450/3 | €3,946 | - | -€3,946 | |
| Other amounts payable | 47/48 | €12,079 | €24,751 | +€12,672 | +105% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,021 | €2,262 | -€759 | -25.1% |
| Other operating charges | 640/8 | €987 | €530 | -€457 | -46.3% |
| Non-recurring operating charges | 66A | €2,120 | - | -€2,120 | |
| Gross operating margin | 9900 | -€22,558 | -€8,491 | +€14,067 | +62.4% |
| Operating profit (loss) | 9901 | -€28,687 | -€11,284 | +€17,403 | +60.7% |
| Financial income | 75/76B | €20 | €10 | -€10 | -50.6% |
| Recurring financial income | 75 | €0 | €10 | +€10 | +3,355% |
| Non-recurring financial income | 76B | €20 | - | -€20 | |
| Financial charges | 65/66B | €1,688 | €1,687 | -€0 | 0.0% |
| Recurring financial charges | 65 | €1,688 | €1,687 | -€0 | 0.0% |
| Profit (loss) for the period before taxes | 9903 | -€30,354 | -€12,961 | +€17,393 | +57.3% |
| Income taxes | 67/77 | - | €16 | +€16 | |
| Profit (loss) for the period | 9904 | -€30,354 | -€12,977 | +€17,377 | +57.2% |
| Profit (loss) for the period to be appropriated | 9905 | -€30,354 | -€12,977 | +€17,377 | +57.2% |
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 18 October 2026 via checked.be.