B.B.C.M.: 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.
B.B.C.M.
Largest movements
- Cash +€288,781
up €288,781 (+726.6%), from €39,743 to €328,525
mainly Investment in fixed assets (net) (+€213,739) and Receivables within one year (+€84,349)
- Tangible fixed assets -€230,030
down €230,030 (-41.9%), from €549,589 to €319,559
of which Land and buildings: -€251,345
- Receivables within one year -€84,349
down €84,349 (-51.8%), from €162,938 to €78,590
of which Trade receivables: -€144,433
- Debts after one year -€30,424
down €30,424 (-7.2%), from €425,015 to €394,591
of which Financial debts: -€53,324
- Profit (loss) carried forward -€28,016
down €28,016 (-76.9%), from €36,435 to €8,419
- Other debts +€16,800
new in 2025: €16,800
- Trade debts +€15,127
up €15,127 (+275.5%), from €5,490 to €20,617
- Write-downs +€144,433
new in 2025: €144,433
- Gross operating margin +€121,483
up €121,483 (+135.3%), from €89,785 to €211,268
- Taxes +€35,141
new in 2025: €35,141
- Depreciation -€7,468
down €7,468 (-31.4%), from €23,760 to €16,291
- Other operating charges -€6,054
down €6,054 (-50.1%), from €12,079 to €6,025
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 | €752,271 | €731,069 | -€21,202 | -2.8% |
| Fixed assets | 21/28 | €549,589 | €319,559 | -€230,030 | -41.9% |
| Tangible fixed assets | 22/27 | €549,589 | €319,559 | -€230,030 | -41.9% |
| Land and buildings | 22 | €548,011 | €296,666 | -€251,345 | -45.9% |
| Plant, machinery and equipment | 23 | €1,578 | €22,893 | +€21,315 | +1350.6% |
| Current assets | 29/58 | €202,682 | €411,510 | +€208,828 | +103.0% |
| Amounts receivable within one year | 40/41 | €162,938 | €78,590 | -€84,349 | -51.8% |
| Trade receivables | 40 | €144,433 | - | -€144,433 | |
| Other amounts receivable | 41 | €18,505 | €78,590 | +€60,084 | +324.7% |
| Cash at bank and in hand | 54/58 | €39,743 | €328,525 | +€288,781 | +726.6% |
| Deferred charges and accrued income | 490/1 | - | €4,396 | +€4,396 | |
| Total equity and liabilities | 10/49 | €752,271 | €731,069 | -€21,202 | -2.8% |
| Equity | 10/15 | €199,489 | €171,473 | -€28,016 | -14.0% |
| Contributions | 10/11 | €61,500 | €61,500 | = | 0.0% |
| Capital | 10 | €61,500 | €61,500 | = | 0.0% |
| Issued capital | 100 | €61,500 | €61,500 | = | 0.0% |
| Reserves | 13 | €101,554 | €101,554 | = | 0.0% |
| Non-distributable reserves | 130/1 | €101,554 | €101,554 | = | 0.0% |
| Legal reserve | 130 | €6,150 | €6,150 | = | 0.0% |
| Reserves not available under the articles | 1311 | €95,404 | €95,404 | = | 0.0% |
| Profit (loss) carried forward | 14 | €36,435 | €8,419 | -€28,016 | -76.9% |
| Provisions and deferred taxes | 16 | €56,000 | €56,000 | = | 0.0% |
| Provisions for liabilities and charges | 160/5 | €56,000 | €56,000 | = | 0.0% |
| Pensions and similar obligations | 160 | €56,000 | €56,000 | = | 0.0% |
| Amounts payable | 17/49 | €496,782 | €503,596 | +€6,814 | +1.4% |
| Amounts payable after more than one year | 17 | €425,015 | €394,591 | -€30,424 | -7.2% |
| Financial debts | 170/4 | €425,015 | €371,691 | -€53,324 | -12.5% |
| Other amounts payable | 178/9 | - | €22,900 | +€22,900 | |
| Amounts payable within one year | 42/48 | €69,547 | €109,005 | +€39,458 | +56.7% |
| Current portion of amounts payable after more than one year | 42 | €64,057 | €64,388 | +€331 | +0.5% |
| Trade debts | 44 | €5,490 | €20,617 | +€15,127 | +275.5% |
| Suppliers | 440/4 | €5,490 | €20,617 | +€15,127 | +275.5% |
| Taxes, remuneration and social security | 45 | - | €7,200 | +€7,200 | |
| Taxes | 450/3 | - | €7,200 | +€7,200 | |
| Other amounts payable | 47/48 | - | €16,800 | +€16,800 | |
| Accrued charges and deferred income | 492/3 | €2,220 | - | -€2,220 | |
| Non-recurring operating income | 76A | - | €93,333 | +€93,333 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €23,760 | €16,291 | -€7,468 | -31.4% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €144,433 | +€144,433 | |
| Other operating charges | 640/8 | €12,079 | €6,025 | -€6,054 | -50.1% |
| Non-recurring operating charges | 66A | - | €946 | +€946 | |
| Gross operating margin | 9900 | €89,785 | €211,268 | +€121,483 | +135.3% |
| Operating profit (loss) | 9901 | €53,946 | €43,572 | -€10,374 | -19.2% |
| Financial charges | 65/66B | €14,148 | €12,447 | -€1,701 | -12.0% |
| Recurring financial charges | 65 | €14,148 | €12,447 | -€1,701 | -12.0% |
| Profit (loss) for the period before taxes | 9903 | €39,798 | €31,125 | -€8,673 | -21.8% |
| Income taxes | 67/77 | - | €35,141 | +€35,141 | |
| Profit (loss) for the period | 9904 | €39,798 | -€4,016 | -€43,814 | |
| Profit (loss) for the period to be appropriated | 9905 | €39,798 | -€4,016 | -€43,814 |
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 8 October 2026 via checked.be.