Think BVA: 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.
Think BVA
Largest movements
- Cash +€23,229
up €23,229 (+37.8%), from €61,533 to €84,762
mainly Net result for the year (+€23,676) and Depreciation (+€20,404)
- Tangible fixed assets -€20,404
down €20,404 (-34.4%), from €59,294 to €38,890
of which Furniture and vehicles: -€19,229
- Current investments +€6,000
new in 2025: €6,000
- Receivables within one year -€5,171
down €5,171 (-30.0%), from €17,234 to €12,063
of which Other amounts receivable: -€2,759
- Deferred charges and accrued income +€1,956
new in 2025: €1,956
- Debts after one year -€18,177
down €18,177 (-66.3%), from €27,397 to €9,220
- Other debts +€17,039
up €17,039 (+199.6%), from €8,536 to €25,575
- Trade debts +€4,124
up €4,124 (+101.9%), from €4,046 to €8,170
- Tax, wage and social debts +€1,614
up €1,614 (+19.8%), from €8,169 to €9,783
- Gross operating margin +€7,915
up €7,915 (+15.9%), from €49,858 to €57,773
- Staff costs +€2,972
new in 2025: €2,972
- Taxes +€1,597
up €1,597 (+20.8%), from €7,679 to €9,276
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 | €138,061 | €143,672 | +€5,611 | +4.1% |
| Fixed assets | 21/28 | €59,294 | €38,890 | -€20,404 | -34.4% |
| Tangible fixed assets | 22/27 | €59,294 | €38,890 | -€20,404 | -34.4% |
| Furniture and vehicles | 24 | €49,594 | €30,365 | -€19,229 | -38.8% |
| Other tangible fixed assets | 26 | €9,700 | €8,525 | -€1,174 | -12.1% |
| Current assets | 29/58 | €78,767 | €104,782 | +€26,015 | +33.0% |
| Amounts receivable within one year | 40/41 | €17,234 | €12,063 | -€5,171 | -30.0% |
| Trade receivables | 40 | €3,751 | €1,339 | -€2,412 | -64.3% |
| Other amounts receivable | 41 | €13,483 | €10,724 | -€2,759 | -20.5% |
| Current investments | 50/53 | - | €6,000 | +€6,000 | |
| Cash at bank and in hand | 54/58 | €61,533 | €84,762 | +€23,229 | +37.8% |
| Deferred charges and accrued income | 490/1 | - | €1,956 | +€1,956 | |
| Total equity and liabilities | 10/49 | €138,061 | €143,672 | +€5,611 | +4.1% |
| Equity | 10/15 | €71,483 | €72,147 | +€663 | +0.9% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €65,283 | €65,947 | +€663 | +1.0% |
| Non-distributable reserves | 130/1 | €1,800 | €1,800 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,800 | €1,800 | = | 0.0% |
| Distributable reserves | 133 | €63,483 | €64,147 | +€663 | +1.0% |
| Amounts payable | 17/49 | €66,578 | €71,525 | +€4,947 | +7.4% |
| Amounts payable after more than one year | 17 | €27,397 | €9,220 | -€18,177 | -66.3% |
| Financial debts | 170/4 | €27,397 | €9,220 | -€18,177 | -66.3% |
| Amounts payable within one year | 42/48 | €38,581 | €61,705 | +€23,124 | +59.9% |
| Current portion of amounts payable after more than one year | 42 | €17,831 | €18,177 | +€346 | +1.9% |
| Trade debts | 44 | €4,046 | €8,170 | +€4,124 | +101.9% |
| Suppliers | 440/4 | €4,046 | €8,170 | +€4,124 | +101.9% |
| Taxes, remuneration and social security | 45 | €8,169 | €9,783 | +€1,614 | +19.8% |
| Taxes | 450/3 | €8,169 | €9,783 | +€1,614 | +19.8% |
| Other amounts payable | 47/48 | €8,536 | €25,575 | +€17,039 | +199.6% |
| Accrued charges and deferred income | 492/3 | €600 | €600 | = | 0.0% |
| Remuneration, social security and pensions | 62 | - | €2,972 | +€2,972 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €20,404 | €20,404 | +€0 | 0.0% |
| Other operating charges | 640/8 | €861 | €653 | -€208 | -24.2% |
| Gross operating margin | 9900 | €49,858 | €57,773 | +€7,915 | +15.9% |
| Operating profit (loss) | 9901 | €28,593 | €33,744 | +€5,151 | +18.0% |
| Financial income | 75/76B | - | €0 | +€0 | |
| Recurring financial income | 75 | - | €0 | +€0 | |
| Financial charges | 65/66B | €1,239 | €792 | -€446 | -36.0% |
| Recurring financial charges | 65 | €1,239 | €792 | -€446 | -36.0% |
| Profit (loss) for the period before taxes | 9903 | €27,355 | €32,952 | +€5,597 | +20.5% |
| Income taxes | 67/77 | €7,679 | €9,276 | +€1,597 | +20.8% |
| Profit (loss) for the period | 9904 | €19,676 | €23,676 | +€4,000 | +20.3% |
| Profit (loss) for the period to be appropriated | 9905 | €19,676 | €23,676 | +€4,000 | +20.3% |
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 5 October 2026 via checked.be.