BVT Projects: 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.
BVT Projects
Largest movements
- Receivables within one year +€100,057
up €100,057 (+227%), from €43,999 to €144,056
of which Trade receivables: +€63,342
- Tangible fixed assets +€33,699
up €33,699 (+738%), from €4,567 to €38,266
of which Land and buildings: +€34,911
- Deferred charges and accrued income +€13,614
up €13,614 (+1,444%), from €943 to €14,557
- Cash +€12,048
up €12,048 (+1,370%), from €879 to €12,927
mainly Trade debts (+€82,179) and Debts after one year (+€34,516)
- Receivables after one year -€6,000
down €6,000 (-33.3%), from €18,000 to €12,000
- Trade debts +€82,179
up €82,179 (+561%), from €14,651 to €96,830
- Debts after one year +€34,516
new in 2025: €34,516
- Tax, wage and social debts +€19,449
up €19,449 (+134%), from €14,522 to €33,971
of which Taxes: +€23,052
- Profit (loss) carried forward +€15,865
up €15,865 (+144%), from €10,993 to €26,858
- Current portion of long-term debt +€3,339
new in 2025: €3,339
- Gross operating margin +€22,812
up €22,812 (+125%), from €18,238 to €41,050
- Taxes +€6,617
up €6,617 (+254%), from €2,600 to €9,217
- Staff costs +€6,024
new in 2025: €6,024
- Financial charges +€5,445
up €5,445 (+266%), from €2,047 to €7,492
- Financial income +€533
up €533 (+1,332,350%), from €0 to €533
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.
Derived cash bridge
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 | €68,492 | €221,881 | +€153,389 | +224% |
| Fixed assets | 21/28 | €4,671 | €38,340 | +€33,669 | +721% |
| Tangible fixed assets | 22/27 | €4,567 | €38,266 | +€33,699 | +738% |
| Land and buildings | 22 | €1,870 | €36,781 | +€34,911 | +1,867% |
| Plant, machinery and equipment | 23 | €1,479 | €1,269 | -€210 | -14.2% |
| Furniture and vehicles | 24 | €1,217 | €215 | -€1,002 | -82.3% |
| Financial fixed assets | 28 | €105 | €75 | -€30 | -28.7% |
| Current assets | 29/58 | €63,821 | €183,540 | +€119,719 | +188% |
| Amounts receivable after more than one year | 29 | €18,000 | €12,000 | -€6,000 | -33.3% |
| Trade receivables | 290 | €18,000 | €12,000 | -€6,000 | -33.3% |
| Amounts receivable within one year | 40/41 | €43,999 | €144,056 | +€100,057 | +227% |
| Trade receivables | 40 | €38,815 | €102,157 | +€63,342 | +163% |
| Other amounts receivable | 41 | €5,184 | €41,899 | +€36,715 | +708% |
| Cash at bank and in hand | 54/58 | €879 | €12,927 | +€12,048 | +1,370% |
| Deferred charges and accrued income | 490/1 | €943 | €14,557 | +€13,614 | +1,444% |
| Total equity and liabilities | 10/49 | €68,492 | €221,881 | +€153,389 | +224% |
| Equity | 10/15 | €36,993 | €52,858 | +€15,865 | +42.9% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €21,000 | €21,000 | = | 0.0% |
| Distributable reserves | 133 | €21,000 | €21,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €10,993 | €26,858 | +€15,865 | +144% |
| Amounts payable | 17/49 | €31,499 | €169,022 | +€137,523 | +437% |
| Amounts payable after more than one year | 17 | - | €34,516 | +€34,516 | |
| Financial debts | 170/4 | - | €34,516 | +€34,516 | |
| Amounts payable within one year | 42/48 | €31,499 | €134,506 | +€103,007 | +327% |
| Current portion of amounts payable after more than one year | 42 | - | €3,339 | +€3,339 | |
| Trade debts | 44 | €14,651 | €96,830 | +€82,179 | +561% |
| Suppliers | 440/4 | €14,651 | €96,830 | +€82,179 | +561% |
| Taxes, remuneration and social security | 45 | €14,522 | €33,971 | +€19,449 | +134% |
| Taxes | 450/3 | €3,070 | €26,122 | +€23,052 | +751% |
| Remuneration and social security | 454/9 | €11,451 | €7,849 | -€3,602 | -31.5% |
| Other amounts payable | 47/48 | €2,327 | €366 | -€1,961 | -84.3% |
| Remuneration, social security and pensions | 62 | - | €6,024 | +€6,024 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,538 | €2,609 | +€71 | +2.8% |
| Other operating charges | 640/8 | €484 | €376 | -€108 | -22.3% |
| Gross operating margin | 9900 | €18,238 | €41,050 | +€22,812 | +125% |
| Operating profit (loss) | 9901 | €15,217 | €32,041 | +€16,825 | +111% |
| Financial income | 75/76B | €0 | €533 | +€533 | +1,332,350% |
| Recurring financial income | 75 | €0 | €533 | +€533 | +1,332,350% |
| Financial charges | 65/66B | €2,047 | €7,492 | +€5,445 | +266% |
| Recurring financial charges | 65 | €2,047 | €7,492 | +€5,445 | +266% |
| Profit (loss) for the period before taxes | 9903 | €13,169 | €25,082 | +€11,913 | +90.5% |
| Income taxes | 67/77 | €2,600 | €9,217 | +€6,617 | +254% |
| Profit (loss) for the period | 9904 | €10,569 | €15,865 | +€5,296 | +50.1% |
| Profit (loss) for the period to be appropriated | 9905 | €10,569 | €15,865 | +€5,296 | +50.1% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 14 October 2026 via checked.be.