COREbyBVM: 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.
COREbyBVM
Largest movements
- Cash +€15,549
up €15,549 (+42.0%), from €37,000 to €52,549
mainly Net result for the year (+€43,539) and Depreciation (+€10,905)
- Receivables within one year +€10,860
up €10,860 (+747.3%), from €1,453 to €12,313
- Tangible fixed assets +€2,912
up €2,912 (+19.3%), from €15,062 to €17,973
of which Furniture and vehicles: +€5,885
- Profit (loss) carried forward +€42,706
up €42,706 (+164.2%), from €26,011 to €68,716
- Other debts -€12,171
down €12,171 (-93.3%), from €13,043 to €872
- Debts after one year -€3,833
no longer reported in 2025 (was €3,833)
- Accrued charges and deferred income +€3,200
new in 2025: €3,200
- Tax, wage and social debts +€2,778
up €2,778 (+92.6%), from €3,000 to €5,778
- Gross operating margin +€22,455
up €22,455 (+51.5%), from €43,623 to €66,078
- Taxes +€3,713
up €3,713 (+50.8%), from €7,314 to €11,028
- Depreciation +€2,124
up €2,124 (+24.2%), from €8,781 to €10,905
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 | €55,366 | €85,213 | +€29,847 | +53.9% |
| Fixed assets | 21/28 | €15,062 | €17,973 | +€2,912 | +19.3% |
| Tangible fixed assets | 22/27 | €15,062 | €17,973 | +€2,912 | +19.3% |
| Plant, machinery and equipment | 23 | €4,997 | €2,024 | -€2,973 | -59.5% |
| Furniture and vehicles | 24 | €10,064 | €15,949 | +€5,885 | +58.5% |
| Current assets | 29/58 | €40,305 | €67,240 | +€26,935 | +66.8% |
| Amounts receivable within one year | 40/41 | €1,453 | €12,313 | +€10,860 | +747.3% |
| Other amounts receivable | 41 | €1,453 | €12,313 | +€10,860 | +747.3% |
| Cash at bank and in hand | 54/58 | €37,000 | €52,549 | +€15,549 | +42.0% |
| Deferred charges and accrued income | 490/1 | €1,852 | €2,378 | +€526 | +28.4% |
| Total equity and liabilities | 10/49 | €55,366 | €85,213 | +€29,847 | +53.9% |
| Equity | 10/15 | €28,511 | €71,216 | +€42,706 | +149.8% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €26,011 | €68,716 | +€42,706 | +164.2% |
| Amounts payable | 17/49 | €26,856 | €13,997 | -€12,859 | -47.9% |
| Amounts payable after more than one year | 17 | €3,833 | - | -€3,833 | |
| Financial debts | 170/4 | €3,833 | - | -€3,833 | |
| Amounts payable within one year | 42/48 | €23,023 | €10,797 | -€12,226 | -53.1% |
| Current portion of amounts payable after more than one year | 42 | €5,065 | €3,833 | -€1,232 | -24.3% |
| Trade debts | 44 | €1,915 | €314 | -€1,601 | -83.6% |
| Suppliers | 440/4 | €1,915 | €314 | -€1,601 | -83.6% |
| Taxes, remuneration and social security | 45 | €3,000 | €5,778 | +€2,778 | +92.6% |
| Taxes | 450/3 | €3,000 | €5,778 | +€2,778 | +92.6% |
| Other amounts payable | 47/48 | €13,043 | €872 | -€12,171 | -93.3% |
| Accrued charges and deferred income | 492/3 | - | €3,200 | +€3,200 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,781 | €10,905 | +€2,124 | +24.2% |
| Other operating charges | 640/8 | €387 | €455 | +€67 | +17.4% |
| Gross operating margin | 9900 | €43,623 | €66,078 | +€22,455 | +51.5% |
| Operating profit (loss) | 9901 | €34,454 | €54,718 | +€20,263 | +58.8% |
| Financial income | 75/76B | - | €57 | +€57 | |
| Recurring financial income | 75 | - | €57 | +€57 | |
| Financial charges | 65/66B | €297 | €209 | -€88 | -29.6% |
| Recurring financial charges | 65 | €297 | €209 | -€88 | -29.6% |
| Profit (loss) for the period before taxes | 9903 | €34,158 | €54,566 | +€20,408 | +59.7% |
| Income taxes | 67/77 | €7,314 | €11,028 | +€3,713 | +50.8% |
| Profit (loss) for the period | 9904 | €26,844 | €43,539 | +€16,695 | +62.2% |
| Profit (loss) for the period to be appropriated | 9905 | €26,844 | €43,539 | +€16,695 | +62.2% |
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 10 October 2026 via checked.be.