B.C.A. MANAGEMENT: 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. MANAGEMENT
Largest movements
- Financial fixed assets -€6.9m
down €6.9m (-99.9%), from €6.9m to €9,062
- Receivables within one year +€421,517
up €421,517 (+574%), from €73,493 to €495,010
of which Other amounts receivable: +€391,000
- Profit (loss) carried forward -€6.8m
down €6.8m, from €85,546 to -€6.7m
- Other debts +€215,647
up €215,647 (+30.7%), from €702,614 to €918,261
- Financial charges +€6.9m
up €6.9m (+2,660,024%), from €261 to €6.9m
of which Non-recurring financial charges: +€6.9m
- Gross operating margin +€185,900
up €185,900 (+452%), from €41,155 to €227,055
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 | €7,037,427 | €537,510 | -€6.5m | -92.4% |
| Fixed assets | 21/28 | €6,953,676 | €13,832 | -€6.9m | -99.8% |
| Tangible fixed assets | 22/27 | €5,411 | €4,770 | -€641 | -11.8% |
| Other tangible fixed assets | 26 | €5,411 | €4,770 | -€641 | -11.8% |
| Financial fixed assets | 28 | €6,948,265 | €9,062 | -€6.9m | -99.9% |
| Current assets | 29/58 | €83,750 | €523,678 | +€439,928 | +525% |
| Amounts receivable within one year | 40/41 | €73,493 | €495,010 | +€421,517 | +574% |
| Trade receivables | 40 | €23,493 | €54,010 | +€30,517 | +130% |
| Other amounts receivable | 41 | €50,000 | €441,000 | +€391,000 | +782% |
| Cash at bank and in hand | 54/58 | €10,257 | €28,668 | +€18,411 | +179% |
| Total equity and liabilities | 10/49 | €7,037,427 | €537,510 | -€6.5m | -92.4% |
| Equity | 10/15 | €6,305,454 | -€466,909 | -€6.8m | |
| Contributions | 10/11 | €4,000,000 | €4,000,000 | = | 0.0% |
| Reserves | 13 | €2,219,908 | €2,219,908 | = | 0.0% |
| Non-distributable reserves | 130/1 | €43,608 | €43,608 | = | 0.0% |
| Reserves not available under the articles | 1311 | €43,608 | €43,608 | = | 0.0% |
| Distributable reserves | 133 | €2,176,300 | €2,176,300 | = | 0.0% |
| Profit (loss) carried forward | 14 | €85,546 | -€6,686,816 | -€6.8m | |
| Amounts payable | 17/49 | €731,973 | €1,004,419 | +€272,446 | +37.2% |
| Amounts payable within one year | 42/48 | €731,973 | €1,004,419 | +€272,446 | +37.2% |
| Trade debts | 44 | €2,953 | €1,501 | -€1,452 | -49.2% |
| Suppliers | 440/4 | €2,953 | €1,501 | -€1,452 | -49.2% |
| Taxes, remuneration and social security | 45 | €26,406 | €84,658 | +€58,251 | +221% |
| Taxes | 450/3 | €12,108 | €30,135 | +€18,027 | +149% |
| Remuneration and social security | 454/9 | €14,298 | €54,523 | +€40,225 | +281% |
| Other amounts payable | 47/48 | €702,614 | €918,261 | +€215,647 | +30.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €641 | €641 | +€0 | 0.0% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €50,000 | €50,000 | = | 0.0% |
| Other operating charges | 640/8 | €2,069 | - | -€2,069 | |
| Gross operating margin | 9900 | €41,155 | €227,055 | +€185,900 | +452% |
| Operating profit (loss) | 9901 | -€11,554 | €176,414 | +€187,968 | |
| Financial charges | 65/66B | €261 | €6,948,776 | +€6.9m | +2,660,024% |
| Recurring financial charges | 65 | €261 | €573 | +€312 | +119% |
| Non-recurring financial charges | 66B | - | €6,948,203 | +€6.9m | |
| Profit (loss) for the period before taxes | 9903 | -€11,815 | -€6,772,362 | -€6.8m | -57,218% |
| Profit (loss) for the period | 9904 | -€11,815 | -€6,772,362 | -€6.8m | -57,218% |
| Profit (loss) for the period to be appropriated | 9905 | -€11,815 | -€6,772,362 | -€6.8m | -57,218% |
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 16 October 2026 via checked.be.