BVV Audit: 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.
BVV Audit
Largest movements
- Receivables after one year +€1.6m
new in 2025: €1.6m
- Receivables within one year -€1.5m
down €1.5m (-75.6%), from €2.0m to €478,932
of which Other amounts receivable: -€1.5m
- Tangible fixed assets -€27,469
down €27,469 (-23.0%), from €119,576 to €92,107
- Other debts -€1.5m
down €1.5m (-94.5%), from €1.6m to €87,619
- Debts after one year +€1.4m
up €1.4m (+3168.4%), from €43,632 to €1.4m
of which Other amounts payable: +€1.4m
- Reserves +€187,176
up €187,176 (+45.3%), from €413,539 to €600,715
- Tax, wage and social debts +€44,941
up €44,941 (+179.0%), from €25,108 to €70,050
- Gross operating margin +€153,013
up €153,013 (+97.3%), from €157,282 to €310,295
- Taxes +€47,573
up €47,573 (+108.4%), from €43,893 to €91,466
- Depreciation +€11,002
up €11,002 (+66.8%), from €16,468 to €27,469
- Financial charges -€3,754
down €3,754 (-55.2%), from €6,799 to €3,045
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 | €2,108,373 | €2,232,875 | +€124,502 | +5.9% |
| Fixed assets | 21/28 | €124,551 | €97,082 | -€27,469 | -22.1% |
| Tangible fixed assets | 22/27 | €119,576 | €92,107 | -€27,469 | -23.0% |
| Furniture and vehicles | 24 | €119,576 | €92,107 | -€27,469 | -23.0% |
| Financial fixed assets | 28 | €4,975 | €4,975 | = | 0.0% |
| Current assets | 29/58 | €1,983,821 | €2,135,793 | +€151,971 | +7.7% |
| Amounts receivable after more than one year | 29 | - | €1,641,750 | +€1.6m | |
| Other amounts receivable | 291 | - | €1,641,750 | +€1.6m | |
| Amounts receivable within one year | 40/41 | €1,960,397 | €478,932 | -€1.5m | -75.6% |
| Trade receivables | 40 | €140,897 | €167,182 | +€26,285 | +18.7% |
| Other amounts receivable | 41 | €1,819,500 | €311,750 | -€1.5m | -82.9% |
| Cash at bank and in hand | 54/58 | €22,218 | €13,850 | -€8,368 | -37.7% |
| Deferred charges and accrued income | 490/1 | €1,207 | €1,261 | +€54 | +4.5% |
| Total equity and liabilities | 10/49 | €2,108,373 | €2,232,875 | +€124,502 | +5.9% |
| Equity | 10/15 | €432,539 | €619,715 | +€187,176 | +43.3% |
| Contributions | 10/11 | €19,000 | €19,000 | = | 0.0% |
| Reserves | 13 | €413,539 | €600,715 | +€187,176 | +45.3% |
| Distributable reserves | 133 | €413,539 | €600,715 | +€187,176 | +45.3% |
| Amounts payable | 17/49 | €1,675,833 | €1,613,159 | -€62,674 | -3.7% |
| Amounts payable after more than one year | 17 | €43,632 | €1,426,091 | +€1.4m | +3168.4% |
| Financial debts | 170/4 | €43,632 | €26,091 | -€17,541 | -40.2% |
| Other amounts payable | 178/9 | - | €1,400,000 | +€1.4m | |
| Amounts payable within one year | 42/48 | €1,631,201 | €186,068 | -€1.4m | -88.6% |
| Current portion of amounts payable after more than one year | 42 | €16,848 | €17,541 | +€693 | +4.1% |
| Financial debts | 43 | €10,125 | €10,167 | +€42 | +0.4% |
| Credit institutions | 430/8 | €10,125 | €10,167 | +€42 | +0.4% |
| Trade debts | 44 | - | €690 | +€690 | |
| Suppliers | 440/4 | - | €690 | +€690 | |
| Taxes, remuneration and social security | 45 | €25,108 | €70,050 | +€44,941 | +179.0% |
| Taxes | 450/3 | €25,108 | €70,050 | +€44,941 | +179.0% |
| Other amounts payable | 47/48 | €1,579,119 | €87,619 | -€1.5m | -94.5% |
| Accrued charges and deferred income | 492/3 | €1,000 | €1,000 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €16,468 | €27,469 | +€11,002 | +66.8% |
| Other operating charges | 640/8 | €1,161 | €1,139 | -€22 | -1.9% |
| Gross operating margin | 9900 | €157,282 | €310,295 | +€153,013 | +97.3% |
| Operating profit (loss) | 9901 | €139,653 | €281,687 | +€142,033 | +101.7% |
| Financial charges | 65/66B | €6,799 | €3,045 | -€3,754 | -55.2% |
| Recurring financial charges | 65 | €6,799 | €3,045 | -€3,754 | -55.2% |
| Profit (loss) for the period before taxes | 9903 | €132,854 | €278,642 | +€145,788 | +109.7% |
| Income taxes | 67/77 | €43,893 | €91,466 | +€47,573 | +108.4% |
| Profit (loss) for the period | 9904 | €88,962 | €187,176 | +€98,214 | +110.4% |
| Profit (loss) for the period to be appropriated | 9905 | €88,962 | €187,176 | +€98,214 | +110.4% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 5 October 2026 via checked.be.