BVT: 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.
BVT
Largest movements
- Cash -€607,198
down €607,198 (-79.4%), from €764,502 to €157,304
mainly Other debts (-€276,697) and Current investments (-€266,530)
- Current investments +€266,530
new in 2023: €266,530
- Receivables within one year -€30,354
down €30,354 (-23.5%), from €129,017 to €98,663
- Other debts -€276,697
down €276,697 (-69.3%), from €399,491 to €122,794
- Reserves -€83,427
down €83,427 (-4.9%), from €1.7m to €1.6m
of which Distributable reserves: -€83,427
- Gross operating margin -€76,315
down €76,315 (-61.5%), from €124,103 to €47,788
- Taxes -€19,488
down €19,488 (-54.9%), from €35,487 to €16,000
- Financial income -€2,444
down €2,444 (-23.6%), from €10,350 to €7,906
of which Financial income: -€2,444
From the 2022 result to the 2023 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 2022 and 2023 balance sheets and the 2023 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2022 | 2023 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €2,659,760 | €2,288,739 | -€371,022 | -13.9% |
| Fixed assets | 21/28 | €1,766,241 | €1,766,241 | = | 0.0% |
| Financial fixed assets | 28 | €1,766,241 | €1,766,241 | = | 0.0% |
| Current assets | 29/58 | €893,519 | €522,497 | -€371,022 | -41.5% |
| Amounts receivable within one year | 40/41 | €129,017 | €98,663 | -€30,354 | -23.5% |
| Other amounts receivable | 41 | €129,017 | €98,663 | -€30,354 | -23.5% |
| Current investments | 50/53 | - | €266,530 | +€266,530 | |
| Cash at bank and in hand | 54/58 | €764,502 | €157,304 | -€607,198 | -79.4% |
| Total equity and liabilities | 10/49 | €2,659,760 | €2,288,739 | -€371,022 | -13.9% |
| Equity | 10/15 | €2,239,511 | €2,156,083 | -€83,427 | -3.7% |
| Contributions | 10/11 | €80,006 | €80,006 | = | 0.0% |
| Capital | 10 | €80,006 | €80,006 | = | 0.0% |
| Issued capital | 100 | €80,006 | €80,006 | = | 0.0% |
| Reserves | 13 | €1,694,268 | €1,610,840 | -€83,427 | -4.9% |
| Non-distributable reserves | 130/1 | €60,393 | €60,393 | = | 0.0% |
| Legal reserve | 130 | €60,393 | €60,393 | = | 0.0% |
| Distributable reserves | 133 | €1,633,875 | €1,550,448 | -€83,427 | -5.1% |
| Profit (loss) carried forward | 14 | €465,237 | €465,237 | = | 0.0% |
| Amounts payable | 17/49 | €420,250 | €132,655 | -€287,594 | -68.4% |
| Amounts payable within one year | 42/48 | €420,250 | €132,655 | -€287,594 | -68.4% |
| Trade debts | 44 | €0 | €1,765 | +€1,765 | |
| Suppliers | 440/4 | €0 | €1,765 | +€1,765 | |
| Taxes, remuneration and social security | 45 | €20,759 | €8,096 | -€12,663 | -61.0% |
| Taxes | 450/3 | €18,959 | €4,981 | -€13,978 | -73.7% |
| Remuneration and social security | 454/9 | €1,800 | €3,115 | +€1,315 | +73.1% |
| Other amounts payable | 47/48 | €399,491 | €122,794 | -€276,697 | -69.3% |
| Other operating charges | 640/8 | €150 | €160 | +€10 | +6.6% |
| Gross operating margin | 9900 | €124,103 | €47,788 | -€76,315 | -61.5% |
| Operating profit (loss) | 9901 | €123,953 | €47,628 | -€76,325 | -61.6% |
| Financial income | 75/76B | €10,350 | €7,906 | -€2,444 | -23.6% |
| Recurring financial income | 75 | €10,350 | €7,906 | -€2,444 | -23.6% |
| Non-recurring financial income | 76B | €0 | - | = | |
| Financial charges | 65/66B | €167 | €167 | +€1 | +0.4% |
| Recurring financial charges | 65 | €167 | €167 | +€1 | +0.4% |
| Profit (loss) for the period before taxes | 9903 | €134,137 | €55,367 | -€78,770 | -58.7% |
| Income taxes | 67/77 | €35,487 | €16,000 | -€19,488 | -54.9% |
| Profit (loss) for the period | 9904 | €98,649 | €39,367 | -€59,282 | -60.1% |
| Profit (loss) for the period to be appropriated | 9905 | €98,649 | €39,367 | -€59,282 | -60.1% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2022 and 31 December 2023. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 5 October 2026 via checked.be.