BVPL: 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.
BVPL
Largest movements
- Cash +€33,655
up €33,655 (+196.7%), from €17,111 to €50,766
mainly Net result for the year (+€42,017) and Other debts (+€32,526)
- Current investments -€24,940
down €24,940 (-49.9%), from €50,000 to €25,060
- Tangible fixed assets +€7,804
up €7,804 (+78.4%), from €9,955 to €17,759
- Deferred charges and accrued income -€7,769
down €7,769 (-92.3%), from €8,420 to €651
- Receivables within one year -€6,181
down €6,181 (-51.0%), from €12,130 to €5,948
- Other debts +€32,526
up €32,526 (+1323.8%), from €2,457 to €34,983
- Profit (loss) carried forward -€17,395
down €17,395 (-23.3%), from €74,781 to €57,387
- Trade debts -€8,073
down €8,073 (-88.1%), from €9,163 to €1,089
- Tax, wage and social debts -€4,772
down €4,772 (-44.5%), from €10,715 to €5,943
of which Taxes: -€6,922
- Gross operating margin +€15,490
up €15,490 (+35.0%), from €44,198 to €59,688
- Taxes +€3,165
up €3,165 (+36.9%), from €8,586 to €11,751
- Financial charges +€1,396
up €1,396 (+133.2%), from €1,047 to €2,443
- Depreciation +€998
up €998 (+38.4%), from €2,597 to €3,595
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 | €97,616 | €100,185 | +€2,569 | +2.6% |
| Fixed assets | 21/28 | €9,955 | €17,759 | +€7,804 | +78.4% |
| Tangible fixed assets | 22/27 | €9,955 | €17,759 | +€7,804 | +78.4% |
| Furniture and vehicles | 24 | €9,955 | €17,759 | +€7,804 | +78.4% |
| Current assets | 29/58 | €87,661 | €82,425 | -€5,236 | -6.0% |
| Amounts receivable within one year | 40/41 | €12,130 | €5,948 | -€6,181 | -51.0% |
| Trade receivables | 40 | €12,130 | €5,948 | -€6,181 | -51.0% |
| Current investments | 50/53 | €50,000 | €25,060 | -€24,940 | -49.9% |
| Cash at bank and in hand | 54/58 | €17,111 | €50,766 | +€33,655 | +196.7% |
| Deferred charges and accrued income | 490/1 | €8,420 | €651 | -€7,769 | -92.3% |
| Total equity and liabilities | 10/49 | €97,616 | €100,185 | +€2,569 | +2.6% |
| Equity | 10/15 | €75,281 | €57,887 | -€17,395 | -23.1% |
| Contributions | 10/11 | €500 | €500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €74,781 | €57,387 | -€17,395 | -23.3% |
| Amounts payable | 17/49 | €22,335 | €42,298 | +€19,963 | +89.4% |
| Amounts payable within one year | 42/48 | €22,335 | €42,015 | +€19,681 | +88.1% |
| Trade debts | 44 | €9,163 | €1,089 | -€8,073 | -88.1% |
| Suppliers | 440/4 | €9,163 | €1,089 | -€8,073 | -88.1% |
| Taxes, remuneration and social security | 45 | €10,715 | €5,943 | -€4,772 | -44.5% |
| Taxes | 450/3 | €10,715 | €3,793 | -€6,922 | -64.6% |
| Remuneration and social security | 454/9 | €0 | €2,150 | +€2,150 | |
| Other amounts payable | 47/48 | €2,457 | €34,983 | +€32,526 | +1323.8% |
| Accrued charges and deferred income | 492/3 | - | €282 | +€282 | |
| Non-recurring operating income | 76A | - | €3,888 | +€3,888 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,597 | €3,595 | +€998 | +38.4% |
| Other operating charges | 640/8 | €592 | €787 | +€195 | +33.0% |
| Gross operating margin | 9900 | €44,198 | €59,688 | +€15,490 | +35.0% |
| Operating profit (loss) | 9901 | €41,008 | €55,306 | +€14,297 | +34.9% |
| Financial income | 75/76B | €742 | €905 | +€163 | +21.9% |
| Recurring financial income | 75 | €742 | €905 | +€163 | +21.9% |
| Financial charges | 65/66B | €1,047 | €2,443 | +€1,396 | +133.2% |
| Recurring financial charges | 65 | €1,047 | €2,443 | +€1,396 | +133.2% |
| Profit (loss) for the period before taxes | 9903 | €40,703 | €53,768 | +€13,065 | +32.1% |
| Income taxes | 67/77 | €8,586 | €11,751 | +€3,165 | +36.9% |
| Profit (loss) for the period | 9904 | €32,117 | €42,017 | +€9,900 | +30.8% |
| Profit (loss) for the period to be appropriated | 9905 | €32,117 | €42,017 | +€9,900 | +30.8% |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.