BVW Conseil: 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.
BVW Conseil
Largest movements
- Deferred charges and accrued income +€81,939
up €81,939 (+36.7%), from €223,264 to €305,203
- Cash -€50,280
down €50,280 (-67.8%), from €74,171 to €23,891
mainly Deferred charges and accrued income (-€81,939) and Trade debts (-€66,072)
- Tangible fixed assets -€11,832
down €11,832 (-50.4%), from €23,473 to €11,641
- Accrued charges and deferred income +€79,560
up €79,560 (+14,100%), from €564 to €80,124
- Trade debts -€66,072
down €66,072 (-42.5%), from €155,563 to €89,491
- Current portion of long-term debt +€20,667
up €20,667 (+175%), from €11,827 to €32,495
- Debts after one year -€12,306
no longer reported in 2025 (was €12,306)
- Tax, wage and social debts -€4,691
down €4,691 (-4.3%), from €109,431 to €104,741
of which Remuneration and social security: -€19,862
- Gross operating margin -€27,672
down €27,672 (-3.9%), from €710,173 to €682,501
- Staff costs +€10,769
up €10,769 (+1.7%), from €639,896 to €650,665
- Taxes -€7,698
down €7,698 (-33.6%), from €22,915 to €15,218
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 | €320,913 | €340,735 | +€19,821 | +6.2% |
| Fixed assets | 21/28 | €23,473 | €11,641 | -€11,832 | -50.4% |
| Tangible fixed assets | 22/27 | €23,473 | €11,641 | -€11,832 | -50.4% |
| Furniture and vehicles | 24 | €23,473 | €11,641 | -€11,832 | -50.4% |
| Current assets | 29/58 | €297,440 | €329,093 | +€31,653 | +10.6% |
| Amounts receivable within one year | 40/41 | €5 | - | -€5 | |
| Other amounts receivable | 41 | €5 | - | -€5 | |
| Cash at bank and in hand | 54/58 | €74,171 | €23,891 | -€50,280 | -67.8% |
| Deferred charges and accrued income | 490/1 | €223,264 | €305,203 | +€81,939 | +36.7% |
| Total equity and liabilities | 10/49 | €320,913 | €340,735 | +€19,821 | +6.2% |
| Equity | 10/15 | €31,222 | €33,884 | +€2,662 | +8.5% |
| Contributions | 10/11 | €4,000 | €4,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €27,222 | €29,884 | +€2,662 | +9.8% |
| Amounts payable | 17/49 | €289,692 | €306,851 | +€17,159 | +5.9% |
| Amounts payable after more than one year | 17 | €12,306 | - | -€12,306 | |
| Financial debts | 170/4 | €12,306 | - | -€12,306 | |
| Amounts payable within one year | 42/48 | €276,822 | €226,727 | -€50,095 | -18.1% |
| Current portion of amounts payable after more than one year | 42 | €11,827 | €32,495 | +€20,667 | +175% |
| Trade debts | 44 | €155,563 | €89,491 | -€66,072 | -42.5% |
| Suppliers | 440/4 | €155,563 | €89,491 | -€66,072 | -42.5% |
| Taxes, remuneration and social security | 45 | €109,431 | €104,741 | -€4,691 | -4.3% |
| Taxes | 450/3 | €22,763 | €37,935 | +€15,172 | +66.7% |
| Remuneration and social security | 454/9 | €86,668 | €66,806 | -€19,862 | -22.9% |
| Accrued charges and deferred income | 492/3 | €564 | €80,124 | +€79,560 | +14,100% |
| Remuneration, social security and pensions | 62 | €639,896 | €650,665 | +€10,769 | +1.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,437 | €11,832 | -€1,604 | -11.9% |
| Other operating charges | 640/8 | €5,915 | €660 | -€5,255 | -88.8% |
| Gross operating margin | 9900 | €710,173 | €682,501 | -€27,672 | -3.9% |
| Operating profit (loss) | 9901 | €50,925 | €19,343 | -€31,582 | -62.0% |
| Financial income | 75/76B | €508 | €153 | -€354 | -69.8% |
| Recurring financial income | 75 | €508 | €153 | -€354 | -69.8% |
| Financial charges | 65/66B | €1,296 | €1,616 | +€321 | +24.8% |
| Recurring financial charges | 65 | €1,296 | €1,616 | +€321 | +24.8% |
| Profit (loss) for the period before taxes | 9903 | €50,137 | €17,880 | -€32,257 | -64.3% |
| Income taxes | 67/77 | €22,915 | €15,218 | -€7,698 | -33.6% |
| Profit (loss) for the period | 9904 | €27,222 | €2,662 | -€24,560 | -90.2% |
| Profit (loss) for the period to be appropriated | 9905 | €27,222 | €2,662 | -€24,560 | -90.2% |
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 19 October 2026 via checked.be.