B&V Pops: 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.
B&V Pops
Largest movements
- Tangible fixed assets -€177,611
down €177,611 (-14.7%), from €1.2m to €1.0m
of which Land and buildings: -€125,630
- Cash +€29,950
up €29,950 (+202%), from €14,836 to €44,786
mainly Net result for the year (+€146,406) and Investment in fixed assets (net) (+€97,463)
- Receivables within one year +€18,384
up €18,384 (+4.4%), from €414,071 to €432,455
of which Trade receivables: +€26,492
- Short-term financial debts -€110,429
no longer reported in 2025 (was €110,429)
- Reserves +€103,406
up €103,406 (+16.4%), from €628,657 to €732,063
- Debts after one year -€96,201
down €96,201 (-19.4%), from €494,650 to €398,449
- Trade debts -€20,649
down €20,649 (-33.5%), from €61,656 to €41,007
- Gross operating margin +€25,149
up €25,149 (+2.2%), from €1.1m to €1.1m
- Staff costs -€17,853
down €17,853 (-2.2%), from €823,232 to €805,379
- Taxes +€13,861
up €13,861 (+21.9%), from €63,297 to €77,158
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 | €1,678,845 | €1,549,032 | -€129,813 | -7.7% |
| Fixed assets | 21/28 | €1,239,783 | €1,062,172 | -€177,611 | -14.3% |
| Tangible fixed assets | 22/27 | €1,204,400 | €1,026,789 | -€177,611 | -14.7% |
| Land and buildings | 22 | €671,185 | €545,555 | -€125,630 | -18.7% |
| Plant, machinery and equipment | 23 | €521,281 | €475,754 | -€45,527 | -8.7% |
| Furniture and vehicles | 24 | €11,934 | €5,480 | -€6,453 | -54.1% |
| Financial fixed assets | 28 | €35,383 | €35,383 | = | 0.0% |
| Current assets | 29/58 | €439,063 | €486,860 | +€47,797 | +10.9% |
| Amounts receivable within one year | 40/41 | €414,071 | €432,455 | +€18,384 | +4.4% |
| Trade receivables | 40 | €265,225 | €291,718 | +€26,492 | +10.0% |
| Other amounts receivable | 41 | €148,846 | €140,737 | -€8,109 | -5.4% |
| Cash at bank and in hand | 54/58 | €14,836 | €44,786 | +€29,950 | +202% |
| Deferred charges and accrued income | 490/1 | €10,156 | €9,619 | -€537 | -5.3% |
| Total equity and liabilities | 10/49 | €1,678,845 | €1,549,032 | -€129,813 | -7.7% |
| Equity | 10/15 | €634,857 | €738,263 | +€103,406 | +16.3% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €628,657 | €732,063 | +€103,406 | +16.4% |
| Distributable reserves | 133 | €628,657 | €732,063 | +€103,406 | +16.4% |
| Amounts payable | 17/49 | €1,043,988 | €810,769 | -€233,219 | -22.3% |
| Amounts payable after more than one year | 17 | €494,650 | €398,449 | -€96,201 | -19.4% |
| Financial debts | 170/4 | €494,650 | €398,449 | -€96,201 | -19.4% |
| Amounts payable within one year | 42/48 | €533,509 | €405,873 | -€127,636 | -23.9% |
| Current portion of amounts payable after more than one year | 42 | €146,433 | €152,109 | +€5,676 | +3.9% |
| Financial debts | 43 | €110,429 | - | -€110,429 | |
| Credit institutions | 430/8 | €110,429 | - | -€110,429 | |
| Trade debts | 44 | €61,656 | €41,007 | -€20,649 | -33.5% |
| Suppliers | 440/4 | €61,656 | €41,007 | -€20,649 | -33.5% |
| Taxes, remuneration and social security | 45 | €214,992 | €212,758 | -€2,234 | -1.0% |
| Taxes | 450/3 | €66,033 | €77,438 | +€11,404 | +17.3% |
| Remuneration and social security | 454/9 | €148,959 | €135,320 | -€13,639 | -9.2% |
| Accrued charges and deferred income | 492/3 | €15,829 | €6,447 | -€9,382 | -59.3% |
| Non-recurring operating income | 76A | €6,365 | €164,346 | +€157,981 | +2,482% |
| Remuneration, social security and pensions | 62 | €823,232 | €805,379 | -€17,853 | -2.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €91,103 | €80,148 | -€10,955 | -12.0% |
| Other operating charges | 640/8 | €11,701 | €15,078 | +€3,376 | +28.9% |
| Gross operating margin | 9900 | €1,122,546 | €1,147,695 | +€25,149 | +2.2% |
| Operating profit (loss) | 9901 | €196,510 | €247,090 | +€50,580 | +25.7% |
| Financial income | 75/76B | €8,361 | €8,148 | -€213 | -2.5% |
| Recurring financial income | 75 | €8,361 | €8,148 | -€213 | -2.5% |
| Financial charges | 65/66B | €28,993 | €31,675 | +€2,682 | +9.3% |
| Recurring financial charges | 65 | €28,993 | €31,675 | +€2,682 | +9.3% |
| Profit (loss) for the period before taxes | 9903 | €175,878 | €223,563 | +€47,686 | +27.1% |
| Income taxes | 67/77 | €63,297 | €77,158 | +€13,861 | +21.9% |
| Profit (loss) for the period | 9904 | €112,580 | €146,406 | +€33,825 | +30.0% |
| Profit (loss) for the period to be appropriated | 9905 | €112,580 | €146,406 | +€33,825 | +30.0% |
Source: filed annual accounts (NBB), financial years ended 30 November 2024 and 30 November 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 25 October 2026 via checked.be.