BVV IMMO: 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 IMMO
Largest movements
- Tangible fixed assets -€40,731
down €40,731 (-5.7%), from €708,619 to €667,889
of which Land and buildings: -€39,318
- Debts after one year -€38,759
down €38,759 (-4.8%), from €805,547 to €766,789
of which Financial debts: -€38,759
- Other debts -€28,559
down €28,559 (-34.4%), from €83,032 to €54,473
- Profit (loss) carried forward +€20,849
up €20,849 (+8.8%), from -€236,800 to -€215,951
- Tax, wage and social debts +€8,312
up €8,312 (+137.4%), from €6,048 to €14,360
of which Remuneration and social security: +€5,816
- Trade debts -€7,245
down €7,245 (-47.9%), from €15,123 to €7,878
- Financial charges -€62,855
down €62,855 (-74.0%), from €84,906 to €22,051
of which Non-recurring financial charges: -€57,561
- Gross operating margin +€51,876
up €51,876 (+59.5%), from €87,143 to €139,019
- Staff costs +€16,986
up €16,986 (+53.9%), from €31,538 to €48,525
- Depreciation +€3,704
up €3,704 (+9.5%), from €38,826 to €42,531
- Other operating charges -€3,465
down €3,465 (-40.6%), from €8,529 to €5,064
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 | €717,621 | €672,507 | -€45,114 | -6.3% |
| Fixed assets | 21/28 | €709,777 | €668,847 | -€40,931 | -5.8% |
| Intangible fixed assets | 21 | €1,158 | €958 | -€200 | -17.3% |
| Tangible fixed assets | 22/27 | €708,619 | €667,889 | -€40,731 | -5.7% |
| Land and buildings | 22 | €692,983 | €653,665 | -€39,318 | -5.7% |
| Plant, machinery and equipment | 23 | €8,900 | €7,361 | -€1,539 | -17.3% |
| Furniture and vehicles | 24 | €6,736 | €5,263 | -€1,473 | -21.9% |
| Other tangible fixed assets | 26 | - | €1,600 | +€1,600 | |
| Current assets | 29/58 | €7,844 | €3,661 | -€4,183 | -53.3% |
| Amounts receivable within one year | 40/41 | €3,652 | €559 | -€3,093 | -84.7% |
| Trade receivables | 40 | €3,652 | €5 | -€3,647 | -99.9% |
| Other amounts receivable | 41 | €0 | €554 | +€554 | |
| Cash at bank and in hand | 54/58 | €3,579 | €2,792 | -€787 | -22.0% |
| Deferred charges and accrued income | 490/1 | €612 | €309 | -€304 | -49.6% |
| Total equity and liabilities | 10/49 | €717,621 | €672,507 | -€45,114 | -6.3% |
| Equity | 10/15 | -€230,600 | -€209,751 | +€20,849 | +9.0% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€236,800 | -€215,951 | +€20,849 | +8.8% |
| Amounts payable | 17/49 | €948,221 | €882,259 | -€65,963 | -7.0% |
| Amounts payable after more than one year | 17 | €805,547 | €766,789 | -€38,759 | -4.8% |
| Financial debts | 170/4 | €791,547 | €752,789 | -€38,759 | -4.9% |
| Other amounts payable | 178/9 | €14,000 | €14,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €142,674 | €115,470 | -€27,204 | -19.1% |
| Current portion of amounts payable after more than one year | 42 | €37,859 | €38,759 | +€899 | +2.4% |
| Financial debts | 43 | €611 | €0 | -€611 | -100.0% |
| Other loans | 439 | €611 | €0 | -€611 | -100.0% |
| Trade debts | 44 | €15,123 | €7,878 | -€7,245 | -47.9% |
| Suppliers | 440/4 | €15,123 | €7,878 | -€7,245 | -47.9% |
| Taxes, remuneration and social security | 45 | €6,048 | €14,360 | +€8,312 | +137.4% |
| Taxes | 450/3 | €937 | €3,433 | +€2,496 | +266.3% |
| Remuneration and social security | 454/9 | €5,111 | €10,926 | +€5,816 | +113.8% |
| Other amounts payable | 47/48 | €83,032 | €54,473 | -€28,559 | -34.4% |
| Remuneration, social security and pensions | 62 | €31,538 | €48,525 | +€16,986 | +53.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €38,826 | €42,531 | +€3,704 | +9.5% |
| Other operating charges | 640/8 | €8,529 | €5,064 | -€3,465 | -40.6% |
| Gross operating margin | 9900 | €87,143 | €139,019 | +€51,876 | +59.5% |
| Operating profit (loss) | 9901 | €8,250 | €42,900 | +€34,650 | +420.0% |
| Financial income | 75/76B | €218 | €0 | -€217 | -99.9% |
| Recurring financial income | 75 | €218 | €0 | -€217 | -99.9% |
| Financial charges | 65/66B | €84,906 | €22,051 | -€62,855 | -74.0% |
| Recurring financial charges | 65 | €27,345 | €22,051 | -€5,294 | -19.4% |
| Non-recurring financial charges | 66B | €57,561 | - | -€57,561 | |
| Profit (loss) for the period before taxes | 9903 | -€76,439 | €20,849 | +€97,288 | |
| Profit (loss) for the period | 9904 | -€76,439 | €20,849 | +€97,288 | |
| Profit (loss) for the period to be appropriated | 9905 | -€76,439 | €20,849 | +€97,288 |
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 7 October 2026 via checked.be.