BMVW: 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.
BMVW
Largest movements
- Intangible fixed assets -€98,214
down €98,214 (-100%), from €98,214 to €0
- Cash +€16,132
up €16,132 (+14.2%), from €113,589 to €129,721
mainly Depreciation (+€99,329) and Trade debts (+€31,028)
- Receivables within one year +€6,792
up €6,792 (+13.6%), from €50,060 to €56,852
of which Other amounts receivable: +€6,058
- Current portion of long-term debt -€104,615
down €104,615 (-100%), from €104,615 to €0
- Trade debts +€31,028
up €31,028 (+49.6%), from €62,606 to €93,635
- Tax, wage and social debts -€3,100
down €3,100 (-14.6%), from €21,190 to €18,090
of which Remuneration and social security: -€1,910
- Depreciation -€18,708
down €18,708 (-15.8%), from €118,037 to €99,329
- Gross operating margin -€12,288
down €12,288 (-4.4%), from €276,330 to €264,042
- Staff costs +€12,092
up €12,092 (+8.2%), from €146,958 to €159,051
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 | €268,934 | €192,925 | -€76,009 | -28.3% |
| Fixed assets | 21/28 | €98,840 | €1,057 | -€97,784 | -98.9% |
| Intangible fixed assets | 21 | €98,214 | €0 | -€98,214 | -100% |
| Tangible fixed assets | 22/27 | €626 | €1,057 | +€431 | +68.8% |
| Furniture and vehicles | 24 | - | €611 | +€611 | |
| Other tangible fixed assets | 26 | €626 | €446 | -€180 | -28.8% |
| Current assets | 29/58 | €170,093 | €191,868 | +€21,775 | +12.8% |
| Amounts receivable within one year | 40/41 | €50,060 | €56,852 | +€6,792 | +13.6% |
| Trade receivables | 40 | €33,729 | €34,463 | +€734 | +2.2% |
| Other amounts receivable | 41 | €16,332 | €22,389 | +€6,058 | +37.1% |
| Cash at bank and in hand | 54/58 | €113,589 | €129,721 | +€16,132 | +14.2% |
| Deferred charges and accrued income | 490/1 | €6,444 | €5,295 | -€1,149 | -17.8% |
| Total equity and liabilities | 10/49 | €268,934 | €192,925 | -€76,009 | -28.3% |
| Equity | 10/15 | €80,411 | €81,087 | +€675 | +0.8% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | €61,811 | €62,487 | +€675 | +1.1% |
| Amounts payable | 17/49 | €188,522 | €111,839 | -€76,684 | -40.7% |
| Amounts payable after more than one year | 17 | €0 | - | = | |
| Financial debts | 170/4 | €0 | - | = | |
| Amounts payable within one year | 42/48 | €188,484 | €111,797 | -€76,686 | -40.7% |
| Current portion of amounts payable after more than one year | 42 | €104,615 | €0 | -€104,615 | -100% |
| Trade debts | 44 | €62,606 | €93,635 | +€31,028 | +49.6% |
| Suppliers | 440/4 | €62,606 | €93,635 | +€31,028 | +49.6% |
| Taxes, remuneration and social security | 45 | €21,190 | €18,090 | -€3,100 | -14.6% |
| Taxes | 450/3 | €1,189 | €0 | -€1,189 | -100% |
| Remuneration and social security | 454/9 | €20,000 | €18,090 | -€1,910 | -9.6% |
| Other amounts payable | 47/48 | €73 | €73 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | €39 | €41 | +€3 | +6.7% |
| Remuneration, social security and pensions | 62 | €146,958 | €159,051 | +€12,092 | +8.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €118,037 | €99,329 | -€18,708 | -15.8% |
| Other operating charges | 640/8 | €2,248 | €2,315 | +€67 | +3.0% |
| Gross operating margin | 9900 | €276,330 | €264,042 | -€12,288 | -4.4% |
| Operating profit (loss) | 9901 | €9,086 | €3,347 | -€5,739 | -63.2% |
| Financial income | 75/76B | €31 | €8 | -€23 | -73.9% |
| Recurring financial income | 75 | €31 | €8 | -€23 | -73.9% |
| Financial charges | 65/66B | €2,920 | €900 | -€2,019 | -69.2% |
| Recurring financial charges | 65 | €2,920 | €900 | -€2,019 | -69.2% |
| Profit (loss) for the period before taxes | 9903 | €6,198 | €2,455 | -€3,743 | -60.4% |
| Income taxes | 67/77 | €2,871 | €1,779 | -€1,092 | -38.0% |
| Profit (loss) for the period | 9904 | €3,326 | €675 | -€2,651 | -79.7% |
| Profit (loss) for the period to be appropriated | 9905 | €3,326 | €675 | -€2,651 | -79.7% |
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 26 October 2026 via checked.be.