BVTI: 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.
BVTI
Largest movements
- Tangible fixed assets -€38,460
down €38,460 (-38.7%), from €99,433 to €60,974
of which Furniture and vehicles: -€37,510
- Cash +€30,392
up €30,392 (+56.5%), from €53,756 to €84,148
mainly Depreciation (+€39,242) and Receivables within one year (+€16,400)
- Receivables within one year -€16,400
down €16,400 (-53.2%), from €30,808 to €14,408
of which Trade receivables: -€17,544
- Stocks and contracts -€4,513
down €4,513 (-100%), from €4,513 to €0
- Profit (loss) carried forward -€19,498
down €19,498 (-17.8%), from €109,496 to €89,999
- Provisions -€12,500
down €12,500 (-25.0%), from €50,000 to €37,500
- Trade debts +€6,379
up €6,379 (+133%), from €4,810 to €11,189
- Tax, wage and social debts -€3,492
down €3,492 (-53.0%), from €6,589 to €3,097
of which Taxes: -€2,232
- Gross operating margin -€25,946
down €25,946 (-55.4%), from €46,865 to €20,919
- Depreciation +€16,404
up €16,404 (+71.8%), from €22,837 to €39,242
- Taxes -€6,748
down €6,748 (-91.2%), from €7,403 to €655
- Financial charges -€810
down €810 (-95.3%), from €851 to €40
- Financial income -€639
down €639 (-61.7%), from €1,035 to €396
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 | €191,355 | €162,425 | -€28,931 | -15.1% |
| Fixed assets | 21/28 | €99,433 | €60,974 | -€38,460 | -38.7% |
| Tangible fixed assets | 22/27 | €99,433 | €60,974 | -€38,460 | -38.7% |
| Furniture and vehicles | 24 | €90,504 | €52,995 | -€37,510 | -41.4% |
| Other tangible fixed assets | 26 | €8,929 | €7,979 | -€950 | -10.6% |
| Current assets | 29/58 | €91,922 | €101,451 | +€9,529 | +10.4% |
| Stocks and contracts in progress | 3 | €4,513 | €0 | -€4,513 | -100% |
| Stocks | 30/36 | €4,513 | €0 | -€4,513 | -100% |
| Amounts receivable within one year | 40/41 | €30,808 | €14,408 | -€16,400 | -53.2% |
| Trade receivables | 40 | €24,078 | €6,534 | -€17,544 | -72.9% |
| Other amounts receivable | 41 | €6,730 | €7,874 | +€1,145 | +17.0% |
| Current investments | 50/53 | €0 | - | = | |
| Cash at bank and in hand | 54/58 | €53,756 | €84,148 | +€30,392 | +56.5% |
| Deferred charges and accrued income | 490/1 | €2,845 | €2,895 | +€50 | +1.8% |
| Total equity and liabilities | 10/49 | €191,355 | €162,425 | -€28,931 | -15.1% |
| Equity | 10/15 | €129,956 | €110,459 | -€19,498 | -15.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €109,496 | €89,999 | -€19,498 | -17.8% |
| Provisions and deferred taxes | 16 | €50,000 | €37,500 | -€12,500 | -25.0% |
| Provisions for liabilities and charges | 160/5 | €50,000 | €37,500 | -€12,500 | -25.0% |
| Other liabilities and charges | 164/5 | €50,000 | €37,500 | -€12,500 | -25.0% |
| Amounts payable | 17/49 | €11,399 | €14,466 | +€3,067 | +26.9% |
| Amounts payable within one year | 42/48 | €11,399 | €14,286 | +€2,887 | +25.3% |
| Trade debts | 44 | €4,810 | €11,189 | +€6,379 | +133% |
| Suppliers | 440/4 | €4,810 | €11,189 | +€6,379 | +133% |
| Taxes, remuneration and social security | 45 | €6,589 | €3,097 | -€3,492 | -53.0% |
| Taxes | 450/3 | €5,329 | €3,097 | -€2,232 | -41.9% |
| Remuneration and social security | 454/9 | €1,260 | €0 | -€1,260 | -100% |
| Other amounts payable | 47/48 | €0 | - | = | |
| Accrued charges and deferred income | 492/3 | - | €180 | +€180 | |
| Non-recurring operating income | 76A | - | €12,500 | +€12,500 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €22,837 | €39,242 | +€16,404 | +71.8% |
| Other operating charges | 640/8 | €1,029 | €875 | -€153 | -14.9% |
| Gross operating margin | 9900 | €46,865 | €20,919 | -€25,946 | -55.4% |
| Operating profit (loss) | 9901 | €22,999 | -€19,198 | -€42,197 | |
| Financial income | 75/76B | €1,035 | €396 | -€639 | -61.7% |
| Recurring financial income | 75 | €1,035 | €396 | -€639 | -61.7% |
| Financial charges | 65/66B | €851 | €40 | -€810 | -95.3% |
| Recurring financial charges | 65 | €851 | €40 | -€810 | -95.3% |
| Profit (loss) for the period before taxes | 9903 | €23,183 | -€18,843 | -€42,025 | |
| Income taxes | 67/77 | €7,403 | €655 | -€6,748 | -91.2% |
| Profit (loss) for the period | 9904 | €15,779 | -€19,498 | -€35,277 | |
| Profit (loss) for the period to be appropriated | 9905 | €15,779 | -€19,498 | -€35,277 |
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 13 October 2026 via checked.be.