BVTRADE: 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.
BVTRADE
Largest movements
- Tangible fixed assets -€8,604
down €8,604 (-36.8%), from €23,352 to €14,748
of which Leasing and similar rights: -€6,623
- Cash +€6,297
up €6,297 (+129.7%), from €4,856 to €11,153
mainly Depreciation (+€8,604) and Other debts (+€6,205)
- Deferred charges and accrued income -€5,589
down €5,589 (-41.4%), from €13,485 to €7,896
- Receivables within one year +€4,896
up €4,896 (+15.9%), from €30,773 to €35,668
of which Trade receivables: +€8,329
- Stocks and contracts +€3,022
up €3,022 (+152.2%), from €1,985 to €5,007
- Debts after one year -€11,774
down €11,774 (-28.9%), from €40,721 to €28,947
of which Other amounts payable: -€6,763
- Other debts +€6,205
up €6,205 (+103.7%), from €5,983 to €12,189
- Trade debts +€5,441
up €5,441 (+34.4%), from €15,820 to €21,261
- Profit (loss) carried forward +€4,427
up €4,427 (+25.2%), from -€17,559 to -€13,132
- Current portion of long-term debt -€2,354
down €2,354 (-34.9%), from €6,743 to €4,389
- Write-downs +€5,246
no longer reported in 2025 (was -€5,246)
- Gross operating margin +€5,060
up €5,060 (+12.4%), from €40,716 to €45,776
- Other operating charges -€2,738
down €2,738 (-27.2%), from €10,052 to €7,314
- Staff costs +€1,957
up €1,957 (+8.7%), from €22,385 to €24,342
- Depreciation -€921
down €921 (-9.7%), from €9,525 to €8,604
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 | €74,450 | €74,472 | +€22 | 0.0% |
| Fixed assets | 21/28 | €23,352 | €14,748 | -€8,604 | -36.8% |
| Tangible fixed assets | 22/27 | €23,352 | €14,748 | -€8,604 | -36.8% |
| Furniture and vehicles | 24 | €5,552 | €3,571 | -€1,982 | -35.7% |
| Leasing and similar rights | 25 | €17,799 | €11,177 | -€6,623 | -37.2% |
| Current assets | 29/58 | €51,098 | €59,725 | +€8,626 | +16.9% |
| Stocks and contracts in progress | 3 | €1,985 | €5,007 | +€3,022 | +152.2% |
| Stocks | 30/36 | €1,985 | €5,007 | +€3,022 | +152.2% |
| Amounts receivable within one year | 40/41 | €30,773 | €35,668 | +€4,896 | +15.9% |
| Trade receivables | 40 | €26,307 | €34,636 | +€8,329 | +31.7% |
| Other amounts receivable | 41 | €4,466 | €1,033 | -€3,433 | -76.9% |
| Cash at bank and in hand | 54/58 | €4,856 | €11,153 | +€6,297 | +129.7% |
| Deferred charges and accrued income | 490/1 | €13,485 | €7,896 | -€5,589 | -41.4% |
| Total equity and liabilities | 10/49 | €74,450 | €74,472 | +€22 | 0.0% |
| Equity | 10/15 | €208 | €4,635 | +€4,427 | +2127.7% |
| Contributions | 10/11 | €14,000 | €14,000 | = | 0.0% |
| Reserves | 13 | €3,767 | €3,767 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,400 | €1,400 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,400 | €1,400 | = | 0.0% |
| Distributable reserves | 133 | €2,367 | €2,367 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€17,559 | -€13,132 | +€4,427 | +25.2% |
| Amounts payable | 17/49 | €74,242 | €69,837 | -€4,405 | -5.9% |
| Amounts payable after more than one year | 17 | €40,721 | €28,947 | -€11,774 | -28.9% |
| Financial debts | 170/4 | €5,011 | - | -€5,011 | |
| Other amounts payable | 178/9 | €35,710 | €28,947 | -€6,763 | -18.9% |
| Amounts payable within one year | 42/48 | €32,833 | €40,875 | +€8,042 | +24.5% |
| Current portion of amounts payable after more than one year | 42 | €6,743 | €4,389 | -€2,354 | -34.9% |
| Trade debts | 44 | €15,820 | €21,261 | +€5,441 | +34.4% |
| Suppliers | 440/4 | €15,820 | €21,261 | +€5,441 | +34.4% |
| Taxes, remuneration and social security | 45 | €4,286 | €3,036 | -€1,250 | -29.2% |
| Taxes | 450/3 | €36 | €383 | +€346 | +954.1% |
| Remuneration and social security | 454/9 | €4,250 | €2,653 | -€1,596 | -37.6% |
| Other amounts payable | 47/48 | €5,983 | €12,189 | +€6,205 | +103.7% |
| Accrued charges and deferred income | 492/3 | €688 | €15 | -€673 | -97.8% |
| Remuneration, social security and pensions | 62 | €22,385 | €24,342 | +€1,957 | +8.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,525 | €8,604 | -€921 | -9.7% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€5,246 | - | +€5,246 | |
| Other operating charges | 640/8 | €10,052 | €7,314 | -€2,738 | -27.2% |
| Gross operating margin | 9900 | €40,716 | €45,776 | +€5,060 | +12.4% |
| Operating profit (loss) | 9901 | €4,000 | €5,515 | +€1,515 | +37.9% |
| Financial income | 75/76B | €10 | €90 | +€80 | +802.3% |
| Recurring financial income | 75 | €10 | €90 | +€80 | +802.3% |
| Financial charges | 65/66B | €1,043 | €822 | -€222 | -21.2% |
| Recurring financial charges | 65 | €1,043 | €822 | -€222 | -21.2% |
| Profit (loss) for the period before taxes | 9903 | €2,967 | €4,784 | +€1,817 | +61.3% |
| Income taxes | 67/77 | - | €356 | +€356 | |
| Profit (loss) for the period | 9904 | €2,967 | €4,427 | +€1,461 | +49.2% |
| Profit (loss) for the period to be appropriated | 9905 | €2,967 | €4,427 | +€1,461 | +49.2% |
Source: filed annual accounts (NBB), fiscal years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.