BVS ENGINEERING: 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.
BVS ENGINEERING
Largest movements
- Deferred charges and accrued income -€7,041
down €7,041 (-77.0%), from €9,138 to €2,098
- Tangible fixed assets -€4,265
down €4,265 (-48.2%), from €8,858 to €4,593
of which Furniture and vehicles: -€3,280
- Cash -€4,169
down €4,169 (-53.2%), from €7,836 to €3,667
mainly Trade debts (-€17,201) and Debts after one year (-€6,190)
- Receivables within one year +€1,680
up €1,680 (+3.2%), from €52,331 to €54,011
of which Trade receivables: +€8,369
- Stocks and contracts +€1,024
up €1,024 (+53.3%), from €1,921 to €2,945
- Trade debts -€17,201
down €17,201 (-48.0%), from €35,871 to €18,670
- Short-term financial debts +€11,781
new in 2024: €11,781
- Debts after one year -€6,190
no longer reported in 2024 (was €6,190)
- Profit (loss) carried forward -€2,968
down €2,968 (-18.1%), from -€16,414 to -€19,382
- Tax, wage and social debts +€1,350
up €1,350 (+7.9%), from €17,120 to €18,470
of which Remuneration and social security: +€1,141
- Gross operating margin +€19,179
up €19,179, from -€1,870 to €17,310
- Taxes +€3,167
up €3,167 (+253.2%), from €1,251 to €4,418
- Financial charges +€1,753
up €1,753 (+47.6%), from €3,685 to €5,437
- Staff costs -€308
down €308 (-6.6%), from €4,669 to €4,361
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.
Cash bridge derived
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 | €80,860 | €67,729 | -€13,131 | -16.2% |
| Fixed assets | 21/28 | €9,633 | €5,008 | -€4,625 | -48.0% |
| Intangible fixed assets | 21 | €775 | €415 | -€360 | -46.4% |
| Tangible fixed assets | 22/27 | €8,858 | €4,593 | -€4,265 | -48.2% |
| Furniture and vehicles | 24 | €6,542 | €3,262 | -€3,280 | -50.1% |
| Other tangible fixed assets | 26 | €2,316 | €1,331 | -€985 | -42.5% |
| Current assets | 29/58 | €71,227 | €62,721 | -€8,506 | -11.9% |
| Stocks and contracts in progress | 3 | €1,921 | €2,945 | +€1,024 | +53.3% |
| Stocks | 30/36 | €1,921 | €2,945 | +€1,024 | +53.3% |
| Amounts receivable within one year | 40/41 | €52,331 | €54,011 | +€1,680 | +3.2% |
| Trade receivables | 40 | €45,211 | €53,580 | +€8,369 | +18.5% |
| Other amounts receivable | 41 | €7,120 | €431 | -€6,689 | -93.9% |
| Cash at bank and in hand | 54/58 | €7,836 | €3,667 | -€4,169 | -53.2% |
| Deferred charges and accrued income | 490/1 | €9,138 | €2,098 | -€7,041 | -77.0% |
| Total equity and liabilities | 10/49 | €80,860 | €67,729 | -€13,131 | -16.2% |
| Equity | 10/15 | €15,586 | €12,618 | -€2,968 | -19.0% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Reserves | 13 | €30,000 | €30,000 | = | 0.0% |
| Distributable reserves | 133 | €30,000 | €30,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€16,414 | -€19,382 | -€2,968 | -18.1% |
| Amounts payable | 17/49 | €65,275 | €55,111 | -€10,163 | -15.6% |
| Amounts payable after more than one year | 17 | €6,190 | - | -€6,190 | |
| Financial debts | 170/4 | €6,190 | - | -€6,190 | |
| Amounts payable within one year | 42/48 | €59,085 | €55,111 | -€3,973 | -6.7% |
| Current portion of amounts payable after more than one year | 42 | €6,093 | €6,190 | +€97 | +1.6% |
| Financial debts | 43 | - | €11,781 | +€11,781 | |
| Credit institutions | 430/8 | - | €11,781 | +€11,781 | |
| Trade debts | 44 | €35,871 | €18,670 | -€17,201 | -48.0% |
| Suppliers | 440/4 | €35,871 | €18,670 | -€17,201 | -48.0% |
| Taxes, remuneration and social security | 45 | €17,120 | €18,470 | +€1,350 | +7.9% |
| Taxes | 450/3 | €16,470 | €16,679 | +€209 | +1.3% |
| Remuneration and social security | 454/9 | €651 | €1,792 | +€1,141 | +175.4% |
| Remuneration, social security and pensions | 62 | €4,669 | €4,361 | -€308 | -6.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,625 | €4,625 | = | 0.0% |
| Other operating charges | 640/8 | €1,465 | €1,517 | +€51 | +3.5% |
| Gross operating margin | 9900 | -€1,870 | €17,310 | +€19,179 | |
| Operating profit (loss) | 9901 | -€12,630 | €6,807 | +€19,436 | |
| Financial income | 75/76B | €66 | €81 | +€15 | +22.8% |
| Recurring financial income | 75 | €66 | €81 | +€15 | +22.8% |
| Financial charges | 65/66B | €3,685 | €5,437 | +€1,753 | +47.6% |
| Recurring financial charges | 65 | €3,685 | €5,437 | +€1,753 | +47.6% |
| Profit (loss) for the period before taxes | 9903 | -€16,249 | €1,450 | +€17,699 | |
| Income taxes | 67/77 | €1,251 | €4,418 | +€3,167 | +253.2% |
| Profit (loss) for the period | 9904 | -€17,500 | -€2,968 | +€14,532 | +83.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€17,500 | -€2,968 | +€14,532 | +83.0% |
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 9 October 2026 via checked.be.