BVP Advice: 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.
BVP Advice
Largest movements
- Cash -€70,545
down €70,545 (-64.3%), from €109,638 to €39,093
mainly Contributions, distributions and other (-€111,203) and Other debts (-€70,100)
- Receivables within one year +€18,981
up €18,981 (+75.1%), from €25,266 to €44,247
of which Trade receivables: +€10,472
- Tangible fixed assets -€4,039
down €4,039 (-16.4%), from €24,700 to €20,661
of which Furniture and vehicles: -€3,127
- Other debts -€70,100
down €70,100 (-54.7%), from €128,168 to €58,068
- Trade debts +€13,982
up €13,982 (+127.2%), from €10,996 to €24,978
- Profit (loss) carried forward +€3,388
up €3,388 (+388.0%), from €873 to €4,261
- Tax, wage and social debts -€3,064
down €3,064 (-81.8%), from €3,747 to €684
- Gross operating margin -€13,096
down €13,096 (-7.8%), from €168,313 to €155,218
- Depreciation -€7,203
down €7,203 (-55.7%), from €12,942 to €5,739
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 | €160,334 | €104,540 | -€55,794 | -34.8% |
| Fixed assets | 21/28 | €24,700 | €20,661 | -€4,039 | -16.4% |
| Tangible fixed assets | 22/27 | €24,700 | €20,661 | -€4,039 | -16.4% |
| Furniture and vehicles | 24 | €7,115 | €3,988 | -€3,127 | -43.9% |
| Other tangible fixed assets | 26 | €17,585 | €16,673 | -€912 | -5.2% |
| Current assets | 29/58 | €135,633 | €83,879 | -€51,754 | -38.2% |
| Amounts receivable within one year | 40/41 | €25,266 | €44,247 | +€18,981 | +75.1% |
| Trade receivables | 40 | €17,326 | €27,799 | +€10,472 | +60.4% |
| Other amounts receivable | 41 | €7,939 | €16,449 | +€8,509 | +107.2% |
| Cash at bank and in hand | 54/58 | €109,638 | €39,093 | -€70,545 | -64.3% |
| Deferred charges and accrued income | 490/1 | €729 | €539 | -€191 | -26.1% |
| Total equity and liabilities | 10/49 | €160,334 | €104,540 | -€55,794 | -34.8% |
| Equity | 10/15 | €17,423 | €20,811 | +€3,388 | +19.4% |
| Contributions | 10/11 | €16,550 | €16,550 | = | 0.0% |
| Profit (loss) carried forward | 14 | €873 | €4,261 | +€3,388 | +388.0% |
| Amounts payable | 17/49 | €142,911 | €83,729 | -€59,181 | -41.4% |
| Amounts payable within one year | 42/48 | €142,911 | €83,729 | -€59,181 | -41.4% |
| Trade debts | 44 | €10,996 | €24,978 | +€13,982 | +127.2% |
| Suppliers | 440/4 | €10,996 | €24,978 | +€13,982 | +127.2% |
| Taxes, remuneration and social security | 45 | €3,747 | €684 | -€3,064 | -81.8% |
| Taxes | 450/3 | €3,747 | €684 | -€3,064 | -81.8% |
| Other amounts payable | 47/48 | €128,168 | €58,068 | -€70,100 | -54.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,942 | €5,739 | -€7,203 | -55.7% |
| Other operating charges | 640/8 | €1,487 | €899 | -€588 | -39.5% |
| Gross operating margin | 9900 | €168,313 | €155,218 | -€13,096 | -7.8% |
| Operating profit (loss) | 9901 | €153,884 | €148,579 | -€5,305 | -3.4% |
| Financial income | 75/76B | €227 | - | -€227 | |
| Recurring financial income | 75 | €227 | - | -€227 | |
| Financial charges | 65/66B | €59 | €57 | -€2 | -3.1% |
| Recurring financial charges | 65 | €59 | €57 | -€2 | -3.1% |
| Profit (loss) for the period before taxes | 9903 | €154,053 | €148,522 | -€5,530 | -3.6% |
| Income taxes | 67/77 | €34,609 | €33,932 | -€677 | -2.0% |
| Profit (loss) for the period | 9904 | €119,443 | €114,590 | -€4,853 | -4.1% |
| Profit (loss) for the period to be appropriated | 9905 | €119,443 | €114,590 | -€4,853 | -4.1% |
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.