BVV: what changed
BVV
Largest movements
- Cash +€58,188
up €58,188 (+115%), from €50,499 to €108,688
mainly Current investments (+€51,140) and Net result for the year (+€14,732)
- Current investments -€51,140
down €51,140 (-59.4%), from €86,140 to €35,000
- Receivables within one year +€2,983
up €2,983 (+44.2%), from €6,745 to €9,728
of which Other amounts receivable: +€5,327
- Reserves +€14,732
up €14,732 (+8.9%), from €166,252 to €180,984
- Tax, wage and social debts -€4,686
down €4,686 (-72.8%), from €6,438 to €1,752
- Gross operating margin -€6,466
down €6,466 (-22.8%), from €28,405 to €21,939
- Taxes -€2,304
down €2,304 (-23.5%), from €9,823 to €7,519
- Financial income -€941
down €941 (-35.0%), from €2,690 to €1,749
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €192,964 | €202,995 | +€10,031 | +5.2% |
| Fixed assets | 21/28 | €49,579 | €49,579 | = | 0.0% |
| Tangible fixed assets | 22/27 | €49,579 | €49,579 | = | 0.0% |
| Land and buildings | 22 | €49,579 | €49,579 | = | 0.0% |
| Current assets | 29/58 | €143,385 | €153,416 | +€10,031 | +7.0% |
| Amounts receivable within one year | 40/41 | €6,745 | €9,728 | +€2,983 | +44.2% |
| Trade receivables | 40 | €5,193 | €2,849 | -€2,344 | -45.1% |
| Other amounts receivable | 41 | €1,553 | €6,879 | +€5,327 | +343% |
| Current investments | 50/53 | €86,140 | €35,000 | -€51,140 | -59.4% |
| Cash at bank and in hand | 54/58 | €50,499 | €108,688 | +€58,188 | +115% |
| Total equity and liabilities | 10/49 | €192,964 | €202,995 | +€10,031 | +5.2% |
| Equity | 10/15 | €186,464 | €201,196 | +€14,732 | +7.9% |
| Contributions | 10/11 | €1,652 | €1,652 | = | 0.0% |
| Reserves | 13 | €166,252 | €180,984 | +€14,732 | +8.9% |
| Distributable reserves | 133 | €166,252 | €180,984 | +€14,732 | +8.9% |
| Profit (loss) carried forward | 14 | €18,560 | €18,560 | = | 0.0% |
| Amounts payable | 17/49 | €6,500 | €1,799 | -€4,701 | -72.3% |
| Amounts payable within one year | 42/48 | €6,500 | €1,799 | -€4,701 | -72.3% |
| Trade debts | 44 | €61 | €47 | -€14 | -23.6% |
| Suppliers | 440/4 | €61 | €47 | -€14 | -23.6% |
| Taxes, remuneration and social security | 45 | €6,438 | €1,752 | -€4,686 | -72.8% |
| Taxes | 450/3 | €6,438 | €1,752 | -€4,686 | -72.8% |
| Other operating charges | 640/8 | €1,312 | €1,392 | +€80 | +6.1% |
| Gross operating margin | 9900 | €28,405 | €21,939 | -€6,466 | -22.8% |
| Operating profit (loss) | 9901 | €27,093 | €20,547 | -€6,546 | -24.2% |
| Financial income | 75/76B | €2,690 | €1,749 | -€941 | -35.0% |
| Recurring financial income | 75 | €2,690 | €1,749 | -€941 | -35.0% |
| Financial charges | 65/66B | €84 | €45 | -€39 | -46.5% |
| Recurring financial charges | 65 | €84 | €45 | -€39 | -46.5% |
| Profit (loss) for the period before taxes | 9903 | €29,699 | €22,251 | -€7,448 | -25.1% |
| Income taxes | 67/77 | €9,823 | €7,519 | -€2,304 | -23.5% |
| Profit (loss) for the period | 9904 | €19,875 | €14,732 | -€5,144 | -25.9% |
| Profit (loss) for the period to be appropriated | 9905 | €19,875 | €14,732 | -€5,144 | -25.9% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 5 November 2026 via checked.be.