BVN Engineering: what changed
Two fiscal 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.
BVN Engineering
Largest movements
- Receivables after one year +€150,000
up €150,000, from €0 to €150,000
- Receivables within one year -€113,856
down €113,856 (-63.1%), from €180,578 to €66,722
of which Other amounts receivable: -€100,688
- Cash -€36,764
down €36,764 (-58.5%), from €62,820 to €26,056
mainly Receivables after one year (-€150,000) and Investment in fixed assets (net) (-€22,526)
- Tangible fixed assets +€20,021
up €20,021 (+424.0%), from €4,722 to €24,743
- Reserves +€28,977
up €28,977 (+14.6%), from €198,758 to €227,735
- Tax, wage and social debts -€20,569
down €20,569 (-59.2%), from €34,726 to €14,157
- Provisions +€7,500
new in 2025: €7,500
- Profit (loss) carried forward +€6,743
new in 2025: €6,743
- Trade debts -€3,435
down €3,435 (-82.3%), from €4,172 to €737
- Gross operating margin -€18,802
down €18,802 (-26.5%), from €71,067 to €52,265
- Taxes -€9,912
down €9,912 (-38.9%), from €25,504 to €15,591
- Provisions +€7,500
new in 2025: €7,500
- Financial income +€1,928
up €1,928 (+23.8%), from €8,105 to €10,033
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 | €250,057 | €269,271 | +€19,215 | +7.7% |
| Fixed assets | 21/28 | €4,722 | €24,743 | +€20,021 | +424.0% |
| Tangible fixed assets | 22/27 | €4,722 | €24,743 | +€20,021 | +424.0% |
| Furniture and vehicles | 24 | €4,722 | €24,743 | +€20,021 | +424.0% |
| Current assets | 29/58 | €245,335 | €244,529 | -€806 | -0.3% |
| Amounts receivable after more than one year | 29 | €0 | €150,000 | +€150,000 | |
| Other amounts receivable | 291 | €0 | €150,000 | +€150,000 | |
| Amounts receivable within one year | 40/41 | €180,578 | €66,722 | -€113,856 | -63.1% |
| Trade receivables | 40 | €19,320 | €6,152 | -€13,168 | -68.2% |
| Other amounts receivable | 41 | €161,258 | €60,570 | -€100,688 | -62.4% |
| Cash at bank and in hand | 54/58 | €62,820 | €26,056 | -€36,764 | -58.5% |
| Deferred charges and accrued income | 490/1 | €1,937 | €1,751 | -€186 | -9.6% |
| Total equity and liabilities | 10/49 | €250,057 | €269,271 | +€19,215 | +7.7% |
| Equity | 10/15 | €211,158 | €246,878 | +€35,720 | +16.9% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €198,758 | €227,735 | +€28,977 | +14.6% |
| Distributable reserves | 133 | €198,758 | €227,735 | +€28,977 | +14.6% |
| Profit (loss) carried forward | 14 | - | €6,743 | +€6,743 | |
| Provisions and deferred taxes | 16 | - | €7,500 | +€7,500 | |
| Provisions for liabilities and charges | 160/5 | - | €7,500 | +€7,500 | |
| Taxes | 161 | - | €7,500 | +€7,500 | |
| Amounts payable | 17/49 | €38,898 | €14,894 | -€24,005 | -61.7% |
| Amounts payable within one year | 42/48 | €38,898 | €14,894 | -€24,005 | -61.7% |
| Financial debts | 43 | €0 | - | = | |
| Credit institutions | 430/8 | €0 | - | = | |
| Trade debts | 44 | €4,172 | €737 | -€3,435 | -82.3% |
| Suppliers | 440/4 | €4,172 | €737 | -€3,435 | -82.3% |
| Taxes, remuneration and social security | 45 | €34,726 | €14,157 | -€20,569 | -59.2% |
| Taxes | 450/3 | €34,726 | €14,157 | -€20,569 | -59.2% |
| Non-recurring operating income | 76A | - | €6,763 | +€6,763 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,500 | €2,505 | +€5 | +0.2% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | - | €7,500 | +€7,500 | |
| Other operating charges | 640/8 | €666 | €812 | +€146 | +21.9% |
| Gross operating margin | 9900 | €71,067 | €52,265 | -€18,802 | -26.5% |
| Operating profit (loss) | 9901 | €67,901 | €41,448 | -€26,453 | -39.0% |
| Financial income | 75/76B | €8,105 | €10,033 | +€1,928 | +23.8% |
| Recurring financial income | 75 | €8,105 | €10,033 | +€1,928 | +23.8% |
| Financial charges | 65/66B | €73 | €170 | +€97 | +131.7% |
| Recurring financial charges | 65 | €73 | €170 | +€97 | +131.7% |
| Profit (loss) for the period before taxes | 9903 | €75,932 | €51,311 | -€24,622 | -32.4% |
| Income taxes | 67/77 | €25,504 | €15,591 | -€9,912 | -38.9% |
| Profit (loss) for the period | 9904 | €50,429 | €35,720 | -€14,709 | -29.2% |
| Profit (loss) for the period to be appropriated | 9905 | €50,429 | €35,720 | -€14,709 | -29.2% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 4 October 2026 via checked.be.