BVM TRANSPORT: 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 TRANSPORT
Largest movements
- Tangible fixed assets +€177,433
up €177,433 (+57.5%), from €308,806 to €486,240
of which Furniture and vehicles: +€283,040
- Receivables within one year +€143,227
up €143,227 (+285%), from €50,176 to €193,403
of which Trade receivables: +€150,334
- Deferred charges and accrued income +€26,636
up €26,636 (+185%), from €14,410 to €41,046
- Debts after one year +€246,074
up €246,074 (+153%), from €160,402 to €406,476
- Current portion of long-term debt +€101,726
up €101,726 (+188%), from €53,980 to €155,706
- Tax, wage and social debts -€26,023
down €26,023 (-47.5%), from €54,808 to €28,784
of which Taxes: -€27,645
- Reserves +€20,182
up €20,182 (+13.2%), from €152,430 to €172,612
of which Non-distributable reserves: +€20,182
- Gross operating margin -€130,468
down €130,468 (-25.7%), from €507,587 to €377,119
- Staff costs -€59,394
down €59,394, from €58,552 to -€842
- Financial charges -€14,082
down €14,082 (-38.8%), from €36,265 to €22,183
- Taxes -€13,769
down €13,769 (-80.6%), from €17,089 to €3,320
- Depreciation +€6,698
up €6,698 (+7.1%), from €94,924 to €101,622
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 | €463,098 | €811,652 | +€348,554 | +75.3% |
| Fixed assets | 21/28 | €311,326 | €488,960 | +€177,633 | +57.1% |
| Tangible fixed assets | 22/27 | €308,806 | €486,240 | +€177,433 | +57.5% |
| Plant, machinery and equipment | 23 | €45,417 | €37,192 | -€8,226 | -18.1% |
| Furniture and vehicles | 24 | €94,784 | €377,824 | +€283,040 | +299% |
| Leasing and similar rights | 25 | €154,740 | €59,652 | -€95,088 | -61.5% |
| Other tangible fixed assets | 26 | €13,865 | €11,572 | -€2,293 | -16.5% |
| Financial fixed assets | 28 | €2,520 | €2,720 | +€200 | +7.9% |
| Current assets | 29/58 | €151,772 | €322,692 | +€170,921 | +113% |
| Amounts receivable within one year | 40/41 | €50,176 | €193,403 | +€143,227 | +285% |
| Trade receivables | 40 | €38,463 | €188,796 | +€150,334 | +391% |
| Other amounts receivable | 41 | €11,713 | €4,607 | -€7,107 | -60.7% |
| Cash at bank and in hand | 54/58 | €87,186 | €88,243 | +€1,058 | +1.2% |
| Deferred charges and accrued income | 490/1 | €14,410 | €41,046 | +€26,636 | +185% |
| Total equity and liabilities | 10/49 | €463,098 | €811,652 | +€348,554 | +75.3% |
| Equity | 10/15 | €162,551 | €182,734 | +€20,183 | +12.4% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Reserves | 13 | €152,430 | €172,612 | +€20,182 | +13.2% |
| Non-distributable reserves | 130/1 | €82,982 | €103,164 | +€20,182 | +24.3% |
| Reserves not available under the articles | 1311 | €82,982 | €103,164 | +€20,182 | +24.3% |
| Distributable reserves | 133 | €69,448 | €69,448 | = | 0.0% |
| Profit (loss) carried forward | 14 | €121 | €122 | +€1 | +0.7% |
| Amounts payable | 17/49 | €300,547 | €628,918 | +€328,371 | +109% |
| Amounts payable after more than one year | 17 | €160,402 | €406,476 | +€246,074 | +153% |
| Financial debts | 170/4 | €160,402 | €406,476 | +€246,074 | +153% |
| Amounts payable within one year | 42/48 | €140,145 | €222,442 | +€82,297 | +58.7% |
| Current portion of amounts payable after more than one year | 42 | €53,980 | €155,706 | +€101,726 | +188% |
| Trade debts | 44 | €30,572 | €35,472 | +€4,901 | +16.0% |
| Suppliers | 440/4 | €30,572 | €35,472 | +€4,901 | +16.0% |
| Advances received on contracts in progress | 46 | - | €1,694 | +€1,694 | |
| Taxes, remuneration and social security | 45 | €54,808 | €28,784 | -€26,023 | -47.5% |
| Taxes | 450/3 | €53,785 | €26,140 | -€27,645 | -51.4% |
| Remuneration and social security | 454/9 | €1,023 | €2,644 | +€1,621 | +158% |
| Other amounts payable | 47/48 | €786 | €786 | = | 0.0% |
| Remuneration, social security and pensions | 62 | €58,552 | -€842 | -€59,394 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €94,924 | €101,622 | +€6,698 | +7.1% |
| Other operating charges | 640/8 | €2,317 | €1,758 | -€559 | -24.1% |
| Non-recurring operating charges | 66A | €248,310 | €227,753 | -€20,557 | -8.3% |
| Gross operating margin | 9900 | €507,587 | €377,119 | -€130,468 | -25.7% |
| Operating profit (loss) | 9901 | €103,484 | €46,828 | -€56,656 | -54.7% |
| Financial income | 75/76B | €0 | €0 | +€0 | +175% |
| Recurring financial income | 75 | €0 | €0 | +€0 | +175% |
| Financial charges | 65/66B | €36,265 | €22,183 | -€14,082 | -38.8% |
| Recurring financial charges | 65 | €36,265 | €22,183 | -€14,082 | -38.8% |
| Profit (loss) for the period before taxes | 9903 | €67,219 | €24,645 | -€42,574 | -63.3% |
| Income taxes | 67/77 | €17,089 | €3,320 | -€13,769 | -80.6% |
| Profit (loss) for the period | 9904 | €50,130 | €21,326 | -€28,805 | -57.5% |
| Profit (loss) for the period to be appropriated | 9905 | €50,130 | €21,326 | -€28,805 | -57.5% |
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 25 October 2026 via checked.be.