BVMH: 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.
BVMH
Largest movements
- Cash -€16,401
down €16,401 (-59.2%), from €27,691 to €11,290
mainly Receivables within one year (-€15,225) and Debts after one year (-€9,303)
- Receivables within one year +€15,225
up €15,225 (+309.2%), from €4,924 to €20,149
of which Trade receivables: +€8,495
- Deferred charges and accrued income +€6,906
up €6,906 (+5403.9%), from €128 to €7,034
- Tangible fixed assets -€2,013
down €2,013 (-18.3%), from €10,991 to €8,978
- Debts after one year -€9,303
no longer reported in 2025 (was €9,303)
- Current portion of long-term debt +€7,699
up €7,699 (+521.7%), from €1,476 to €9,175
- Reserves +€5,138
up €5,138 (+119.0%), from €4,318 to €9,456
- Trade debts +€2,840
up €2,840 (+12.4%), from €22,884 to €25,724
- Tax, wage and social debts -€2,171
no longer reported in 2025 (was €2,171)
- Other operating charges +€5,426
up €5,426 (+64.2%), from €8,451 to €13,877
- Gross operating margin +€3,314
up €3,314 (+16.2%), from €20,449 to €23,763
- Taxes +€733
up €733 (+33.8%), from €2,171 to €2,904
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 | €43,733 | €47,451 | +€3,718 | +8.5% |
| Fixed assets | 21/28 | €10,991 | €8,978 | -€2,013 | -18.3% |
| Tangible fixed assets | 22/27 | €10,991 | €8,978 | -€2,013 | -18.3% |
| Furniture and vehicles | 24 | €10,991 | €8,978 | -€2,013 | -18.3% |
| Current assets | 29/58 | €32,742 | €38,473 | +€5,731 | +17.5% |
| Amounts receivable within one year | 40/41 | €4,924 | €20,149 | +€15,225 | +309.2% |
| Trade receivables | 40 | €1,041 | €9,536 | +€8,495 | +815.9% |
| Other amounts receivable | 41 | €3,882 | €10,613 | +€6,731 | +173.4% |
| Cash at bank and in hand | 54/58 | €27,691 | €11,290 | -€16,401 | -59.2% |
| Deferred charges and accrued income | 490/1 | €128 | €7,034 | +€6,906 | +5403.9% |
| Total equity and liabilities | 10/49 | €43,733 | €47,451 | +€3,718 | +8.5% |
| Equity | 10/15 | €7,318 | €12,456 | +€5,138 | +70.2% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €4,318 | €9,456 | +€5,138 | +119.0% |
| Distributable reserves | 133 | €4,318 | €9,456 | +€5,138 | +119.0% |
| Amounts payable | 17/49 | €36,415 | €34,995 | -€1,420 | -3.9% |
| Amounts payable after more than one year | 17 | €9,303 | - | -€9,303 | |
| Financial debts | 170/4 | €9,303 | - | -€9,303 | |
| Amounts payable within one year | 42/48 | €27,112 | €34,995 | +€7,883 | +29.1% |
| Current portion of amounts payable after more than one year | 42 | €1,476 | €9,175 | +€7,699 | +521.7% |
| Trade debts | 44 | €22,884 | €25,724 | +€2,840 | +12.4% |
| Suppliers | 440/4 | €22,884 | €25,724 | +€2,840 | +12.4% |
| Advances received on contracts in progress | 46 | €568 | - | -€568 | |
| Taxes, remuneration and social security | 45 | €2,171 | - | -€2,171 | |
| Taxes | 450/3 | €2,171 | - | -€2,171 | |
| Other amounts payable | 47/48 | €14 | €95 | +€82 | +596.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,107 | €2,013 | -€93 | -4.4% |
| Other operating charges | 640/8 | €8,451 | €13,877 | +€5,426 | +64.2% |
| Gross operating margin | 9900 | €20,449 | €23,763 | +€3,314 | +16.2% |
| Operating profit (loss) | 9901 | €9,892 | €7,873 | -€2,018 | -20.4% |
| Financial income | 75/76B | €0 | €224 | +€224 | +249177.8% |
| Recurring financial income | 75 | €0 | €224 | +€224 | +249177.8% |
| Financial charges | 65/66B | €156 | €55 | -€101 | -64.7% |
| Recurring financial charges | 65 | €156 | €55 | -€101 | -64.7% |
| Profit (loss) for the period before taxes | 9903 | €9,736 | €8,042 | -€1,694 | -17.4% |
| Income taxes | 67/77 | €2,171 | €2,904 | +€733 | +33.8% |
| Profit (loss) for the period | 9904 | €7,565 | €5,138 | -€2,427 | -32.1% |
| Profit (loss) for the period to be appropriated | 9905 | €7,565 | €5,138 | -€2,427 | -32.1% |
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 11 October 2026 via checked.be.