BVP 14: 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.
BVP 14
Largest movements
- Tangible fixed assets +€798,697
up €798,697 (+366%), from €218,123 to €1.0m
of which Land and buildings: +€744,427
- Cash -€63,130
down €63,130 (-97.1%), from €65,022 to €1,892
mainly Investment in fixed assets (net) (-€813,779) and Net result for the year (-€54,687)
- Debts after one year +€763,332
up €763,332 (+176%), from €433,479 to €1.2m
- Profit (loss) carried forward -€54,687
down €54,687 (-20.3%), from -€269,381 to -€324,068
- Other debts +€21,322
up €21,322 (+57.9%), from €36,817 to €58,139
- Depreciation -€233,366
down €233,366 (-94.0%), from €248,148 to €14,782
- Gross operating margin -€15,118
down €15,118 (-189%), from -€8,008 to -€23,126
- Financial charges +€4,371
up €4,371 (+42.0%), from €10,418 to €14,789
- Other operating charges -€817
down €817 (-29.1%), from €2,807 to €1,990
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €289,056 | €1,024,628 | +€735,572 | +254% |
| Fixed assets | 21/28 | €218,123 | €1,017,120 | +€798,997 | +366% |
| Tangible fixed assets | 22/27 | €218,123 | €1,016,820 | +€798,697 | +366% |
| Land and buildings | 22 | €218,123 | €962,550 | +€744,427 | +341% |
| Furniture and vehicles | 24 | - | €54,270 | +€54,270 | |
| Financial fixed assets | 28 | - | €300 | +€300 | |
| Current assets | 29/58 | €70,933 | €7,508 | -€63,425 | -89.4% |
| Amounts receivable within one year | 40/41 | €1,919 | €3,366 | +€1,447 | +75.4% |
| Other amounts receivable | 41 | €1,919 | €3,366 | +€1,447 | +75.4% |
| Cash at bank and in hand | 54/58 | €65,022 | €1,892 | -€63,130 | -97.1% |
| Deferred charges and accrued income | 490/1 | €3,992 | €2,251 | -€1,741 | -43.6% |
| Total equity and liabilities | 10/49 | €289,056 | €1,024,628 | +€735,572 | +254% |
| Equity | 10/15 | -€266,981 | -€321,668 | -€54,687 | -20.5% |
| Contributions | 10/11 | €2,400 | €2,400 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€269,381 | -€324,068 | -€54,687 | -20.3% |
| Amounts payable | 17/49 | €556,036 | €1,346,296 | +€790,260 | +142% |
| Amounts payable after more than one year | 17 | €433,479 | €1,196,810 | +€763,332 | +176% |
| Financial debts | 170/4 | €433,479 | €1,196,810 | +€763,332 | +176% |
| Amounts payable within one year | 42/48 | €122,558 | €149,486 | +€26,928 | +22.0% |
| Current portion of amounts payable after more than one year | 42 | - | €10,049 | +€10,049 | |
| Trade debts | 44 | €85,741 | €81,298 | -€4,443 | -5.2% |
| Suppliers | 440/4 | €85,741 | €81,298 | -€4,443 | -5.2% |
| Other amounts payable | 47/48 | €36,817 | €58,139 | +€21,322 | +57.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €248,148 | €14,782 | -€233,366 | -94.0% |
| Other operating charges | 640/8 | €2,807 | €1,990 | -€817 | -29.1% |
| Gross operating margin | 9900 | -€8,008 | -€23,126 | -€15,118 | -189% |
| Operating profit (loss) | 9901 | -€258,963 | -€39,899 | +€219,064 | +84.6% |
| Financial charges | 65/66B | €10,418 | €14,789 | +€4,371 | +42.0% |
| Recurring financial charges | 65 | €10,418 | €14,789 | +€4,371 | +42.0% |
| Profit (loss) for the period before taxes | 9903 | -€269,381 | -€54,687 | +€214,694 | +79.7% |
| Profit (loss) for the period | 9904 | -€269,381 | -€54,687 | +€214,694 | +79.7% |
| Profit (loss) for the period to be appropriated | 9905 | -€269,381 | -€54,687 | +€214,694 | +79.7% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 16 October 2026 via checked.be.