B.C.A.D.G.: 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.C.A.D.G.
Largest movements
- Tangible fixed assets -€26,963
down €26,963 (-3.6%), from €745,435 to €718,472
- Debts after one year -€59,005
down €59,005 (-11.9%), from €496,631 to €437,625
- Other debts +€29,795
up €29,795 (+17.9%), from €166,370 to €196,165
- Depreciation +€4,256
up €4,256 (+18.7%), from €22,707 to €26,963
- Financial charges -€884
down €884 (-15.4%), from €5,748 to €4,864
- Taxes -€521
down €521 (-30.0%), from €1,739 to €1,218
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 | €753,598 | €727,413 | -€26,184 | -3.5% |
| Fixed assets | 21/28 | €745,435 | €718,472 | -€26,963 | -3.6% |
| Tangible fixed assets | 22/27 | €745,435 | €718,472 | -€26,963 | -3.6% |
| Land and buildings | 22 | €745,435 | €718,472 | -€26,963 | -3.6% |
| Current assets | 29/58 | €8,163 | €8,942 | +€779 | +9.5% |
| Amounts receivable within one year | 40/41 | €7,020 | €7,000 | -€20 | -0.3% |
| Trade receivables | 40 | €7,000 | €7,000 | = | 0.0% |
| Other amounts receivable | 41 | €20 | - | -€20 | |
| Cash at bank and in hand | 54/58 | €1,143 | €1,942 | +€799 | +69.9% |
| Total equity and liabilities | 10/49 | €753,598 | €727,413 | -€26,184 | -3.5% |
| Equity | 10/15 | €27,945 | €31,291 | +€3,345 | +12.0% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Profit (loss) carried forward | 14 | €21,745 | €25,091 | +€3,345 | +15.4% |
| Amounts payable | 17/49 | €725,652 | €696,122 | -€29,530 | -4.1% |
| Amounts payable after more than one year | 17 | €496,631 | €437,625 | -€59,005 | -11.9% |
| Financial debts | 170/4 | €496,631 | €437,625 | -€59,005 | -11.9% |
| Amounts payable within one year | 42/48 | €226,522 | €258,497 | +€31,975 | +14.1% |
| Current portion of amounts payable after more than one year | 42 | €58,316 | €59,005 | +€690 | +1.2% |
| Trade debts | 44 | €97 | €370 | +€273 | +282% |
| Suppliers | 440/4 | €97 | €370 | +€273 | +282% |
| Taxes, remuneration and social security | 45 | €1,739 | €2,957 | +€1,218 | +70.0% |
| Taxes | 450/3 | €1,739 | €2,957 | +€1,218 | +70.0% |
| Other amounts payable | 47/48 | €166,370 | €196,165 | +€29,795 | +17.9% |
| Accrued charges and deferred income | 492/3 | €2,500 | - | -€2,500 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €22,707 | €26,963 | +€4,256 | +18.7% |
| Gross operating margin | 9900 | €36,431 | €36,391 | -€40 | -0.1% |
| Operating profit (loss) | 9901 | €13,725 | €9,428 | -€4,297 | -31.3% |
| Financial charges | 65/66B | €5,748 | €4,864 | -€884 | -15.4% |
| Recurring financial charges | 65 | €5,748 | €4,864 | -€884 | -15.4% |
| Profit (loss) for the period before taxes | 9903 | €7,976 | €4,563 | -€3,413 | -42.8% |
| Income taxes | 67/77 | €1,739 | €1,218 | -€521 | -30.0% |
| Profit (loss) for the period | 9904 | €6,237 | €3,345 | -€2,892 | -46.4% |
| Profit (loss) for the period to be appropriated | 9905 | €6,237 | €3,345 | -€2,892 | -46.4% |
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.