BVW Solutions: 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 Solutions
Largest movements
- Receivables within one year +€36,167
up €36,167 (+116%), from €31,274 to €67,441
of which Other amounts receivable: +€36,238
- Tangible fixed assets -€5,834
down €5,834 (-40.9%), from €14,264 to €8,430
of which Furniture and vehicles: -€13,943
- Cash -€2,708
down €2,708 (-5.1%), from €52,757 to €50,049
mainly Receivables within one year (-€36,167) and Trade debts (-€15,377)
- Debts after one year +€19,529
new in 2025: €19,529
- Trade debts -€15,377
down €15,377 (-89.2%), from €17,242 to €1,866
- Reserves +€10,671
up €10,671 (+14.5%), from €73,602 to €84,273
- Tax, wage and social debts +€8,172
up €8,172 (+244%), from €3,348 to €11,520
of which Taxes: +€6,859
- Current portion of long-term debt +€4,671
up €4,671 (+146%), from €3,202 to €7,874
- Gross operating margin -€19,702
down €19,702 (-47.1%), from €41,787 to €22,085
- Taxes -€6,908
down €6,908 (-52.2%), from €13,225 to €6,317
- Financial charges +€2,871
up €2,871 (+187%), from €1,534 to €4,405
- Other operating charges -€1,656
down €1,656 (-66.7%), from €2,485 to €829
- Financial income +€1,138
up €1,138 (+476%), from €239 to €1,377
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 | €103,595 | €131,262 | +€27,667 | +26.7% |
| Fixed assets | 21/28 | €18,164 | €12,330 | -€5,834 | -32.1% |
| Tangible fixed assets | 22/27 | €14,264 | €8,430 | -€5,834 | -40.9% |
| Plant, machinery and equipment | 23 | - | €2,056 | +€2,056 | |
| Furniture and vehicles | 24 | €14,264 | €321 | -€13,943 | -97.7% |
| Other tangible fixed assets | 26 | - | €6,052 | +€6,052 | |
| Financial fixed assets | 28 | €3,900 | €3,900 | = | 0.0% |
| Current assets | 29/58 | €85,431 | €118,932 | +€33,501 | +39.2% |
| Amounts receivable within one year | 40/41 | €31,274 | €67,441 | +€36,167 | +116% |
| Trade receivables | 40 | €26,838 | €26,767 | -€71 | -0.3% |
| Other amounts receivable | 41 | €4,436 | €40,674 | +€36,238 | +817% |
| Cash at bank and in hand | 54/58 | €52,757 | €50,049 | -€2,708 | -5.1% |
| Deferred charges and accrued income | 490/1 | €1,400 | €1,442 | +€42 | +3.0% |
| Total equity and liabilities | 10/49 | €103,595 | €131,262 | +€27,667 | +26.7% |
| Equity | 10/15 | €79,802 | €90,473 | +€10,671 | +13.4% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €73,602 | €84,273 | +€10,671 | +14.5% |
| Distributable reserves | 133 | €73,602 | €84,273 | +€10,671 | +14.5% |
| Profit (loss) carried forward | 14 | €0 | - | = | |
| Amounts payable | 17/49 | €23,793 | €40,788 | +€16,995 | +71.4% |
| Amounts payable after more than one year | 17 | - | €19,529 | +€19,529 | |
| Financial debts | 170/4 | - | €19,529 | +€19,529 | |
| Amounts payable within one year | 42/48 | €23,793 | €21,259 | -€2,534 | -10.6% |
| Current portion of amounts payable after more than one year | 42 | €3,202 | €7,874 | +€4,671 | +146% |
| Trade debts | 44 | €17,242 | €1,866 | -€15,377 | -89.2% |
| Suppliers | 440/4 | €17,242 | €1,866 | -€15,377 | -89.2% |
| Taxes, remuneration and social security | 45 | €3,348 | €11,520 | +€8,172 | +244% |
| Taxes | 450/3 | €3,348 | €10,207 | +€6,859 | +205% |
| Remuneration and social security | 454/9 | - | €1,313 | +€1,313 | |
| Other amounts payable | 47/48 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €564 | €1,240 | +€676 | +120% |
| Other operating charges | 640/8 | €2,485 | €829 | -€1,656 | -66.7% |
| Gross operating margin | 9900 | €41,787 | €22,085 | -€19,702 | -47.1% |
| Operating profit (loss) | 9901 | €38,738 | €20,016 | -€18,722 | -48.3% |
| Financial income | 75/76B | €239 | €1,377 | +€1,138 | +476% |
| Recurring financial income | 75 | €239 | €1,377 | +€1,138 | +476% |
| Financial charges | 65/66B | €1,534 | €4,405 | +€2,871 | +187% |
| Recurring financial charges | 65 | €1,534 | €4,405 | +€2,871 | +187% |
| Profit (loss) for the period before taxes | 9903 | €37,444 | €16,988 | -€20,455 | -54.6% |
| Income taxes | 67/77 | €13,225 | €6,317 | -€6,908 | -52.2% |
| Profit (loss) for the period | 9904 | €24,219 | €10,671 | -€13,547 | -55.9% |
| Profit (loss) for the period to be appropriated | 9905 | €24,219 | €10,671 | -€13,547 | -55.9% |
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 27 October 2026 via checked.be.