BWV VERHUUR: 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.
BWV VERHUUR
Largest movements
- Cash -€290,388
down €290,388 (-70.1%), from €414,151 to €123,763
mainly Investment in fixed assets (net) (-€426,837) and Receivables within one year (-€131,721)
- Tangible fixed assets +€276,047
up €276,047 (+90.6%), from €304,730 to €580,777
of which Plant, machinery and equipment: +€227,490
- Receivables within one year +€131,721
up €131,721, from €0 to €131,721
of which Trade receivables: +€91,355
- Reserves +€90,993
up €90,993 (+22.6%), from €402,649 to €493,643
of which Distributable reserves: +€97,743
- Trade debts +€22,178
up €22,178 (+285%), from €7,788 to €29,966
- Current portion of long-term debt +€16,822
new in 2025: €16,822
- Services and other goods +€38,714
up €38,714 (+22.3%), from €173,484 to €212,198
- Turnover +€32,300
up €32,300 (+6.8%), from €472,500 to €504,800
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 | €733,197 | €853,965 | +€120,768 | +16.5% |
| Fixed assets | 21/28 | €317,151 | €590,030 | +€272,879 | +86.0% |
| Intangible fixed assets | 21 | €12,421 | €9,253 | -€3,168 | -25.5% |
| Tangible fixed assets | 22/27 | €304,730 | €580,777 | +€276,047 | +90.6% |
| Plant, machinery and equipment | 23 | €248,124 | €475,614 | +€227,490 | +91.7% |
| Furniture and vehicles | 24 | €56,605 | €105,163 | +€48,557 | +85.8% |
| Current assets | 29/58 | €416,046 | €263,934 | -€152,112 | -36.6% |
| Stocks and contracts in progress | 3 | €0 | €0 | = | |
| Amounts receivable within one year | 40/41 | €0 | €131,721 | +€131,721 | |
| Trade receivables | 40 | €0 | €91,355 | +€91,355 | |
| Other amounts receivable | 41 | €0 | €40,366 | +€40,366 | |
| Cash at bank and in hand | 54/58 | €414,151 | €123,763 | -€290,388 | -70.1% |
| Deferred charges and accrued income | 490/1 | €1,895 | €8,451 | +€6,555 | +346% |
| Total equity and liabilities | 10/49 | €733,197 | €853,965 | +€120,768 | +16.5% |
| Equity | 10/15 | €602,649 | €693,643 | +€90,993 | +15.1% |
| Contributions | 10/11 | €200,000 | €200,000 | = | 0.0% |
| Reserves | 13 | €402,649 | €493,643 | +€90,993 | +22.6% |
| Tax-exempt reserves | 132 | €12,216 | €5,466 | -€6,750 | -55.3% |
| Distributable reserves | 133 | €390,434 | €488,177 | +€97,743 | +25.0% |
| Provisions and deferred taxes | 16 | €4,072 | €1,822 | -€2,250 | -55.3% |
| Deferred taxes | 168 | €4,072 | €1,822 | -€2,250 | -55.3% |
| Amounts payable | 17/49 | €126,476 | €158,500 | +€32,024 | +25.3% |
| Amounts payable within one year | 42/48 | €126,476 | €158,500 | +€32,024 | +25.3% |
| Current portion of amounts payable after more than one year | 42 | - | €16,822 | +€16,822 | |
| Trade debts | 44 | €7,788 | €29,966 | +€22,178 | +285% |
| Suppliers | 440/4 | €7,788 | €29,966 | +€22,178 | +285% |
| Taxes, remuneration and social security | 45 | €18,688 | €11,428 | -€7,260 | -38.8% |
| Taxes | 450/3 | €18,688 | €11,428 | -€7,260 | -38.8% |
| Other amounts payable | 47/48 | €100,000 | €100,284 | +€284 | +0.3% |
| Operating income | 70/76A | €476,380 | €509,074 | +€32,694 | +6.9% |
| Turnover | 70 | €472,500 | €504,800 | +€32,300 | +6.8% |
| Other operating income | 74 | €3,880 | €4,274 | +€394 | +10.1% |
| Operating charges | 60/66A | €337,809 | €373,144 | +€35,334 | +10.5% |
| Services and other goods | 61 | €173,484 | €212,198 | +€38,714 | +22.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €157,195 | €153,958 | -€3,237 | -2.1% |
| Other operating charges | 640/8 | €7,130 | €6,987 | -€143 | -2.0% |
| Operating profit (loss) | 9901 | €138,571 | €135,930 | -€2,640 | -1.9% |
| Financial income | 75/76B | €0 | €0 | -€0 | -93.3% |
| Recurring financial income | 75 | €0 | €0 | -€0 | -93.3% |
| Other financial income | 752/9 | €0 | €0 | -€0 | -93.3% |
| Financial charges | 65/66B | €5,248 | €5,545 | +€297 | +5.7% |
| Recurring financial charges | 65 | €5,248 | €5,545 | +€297 | +5.7% |
| Debt charges | 650 | €5,032 | €4,979 | -€54 | -1.1% |
| Other financial charges | 652/9 | €215 | €566 | +€351 | +163% |
| Profit (loss) for the period before taxes | 9903 | €133,323 | €130,386 | -€2,937 | -2.2% |
| Transfer from deferred taxes | 780 | €3,052 | €2,250 | -€802 | -26.3% |
| Income taxes | 67/77 | €41,428 | €41,642 | +€214 | +0.5% |
| Taxes | 670/3 | €41,428 | €41,642 | +€214 | +0.5% |
| Profit (loss) for the period | 9904 | €94,948 | €90,993 | -€3,954 | -4.2% |
| Transfer from tax-exempt reserves | 789 | €9,157 | €6,750 | -€2,407 | -26.3% |
| Profit (loss) for the period to be appropriated | 9905 | €104,105 | €97,743 | -€6,362 | -6.1% |
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.