B.C.D.: 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.C.D.
Largest movements
- Stocks and contracts -€34,800
down €34,800 (-73.6%), from €47,300 to €12,500
- Cash +€18,125
up €18,125 (+229.1%), from €7,913 to €26,037
mainly Stocks and contracts (+€34,800) and Depreciation (+€18,403)
- Tangible fixed assets -€16,858
down €16,858 (-31.5%), from €53,477 to €36,619
of which Furniture and vehicles: -€15,435
- Receivables within one year -€10,061
down €10,061 (-57.2%), from €17,597 to €7,536
of which Trade receivables: -€10,792
- Deferred charges and accrued income -€1,369
no longer reported in 2025 (was €1,369)
- Trade debts -€22,981
down €22,981 (-64.9%), from €35,400 to €12,419
- Profit (loss) carried forward -€21,013
down €21,013 (-55.8%), from €37,670 to €16,657
- Other debts -€3,990
down €3,990 (-15.2%), from €26,261 to €22,272
- Tax, wage and social debts +€3,021
up €3,021 (+38.3%), from €7,881 to €10,902
- Reserves -€1,859
no longer reported in 2025 (was €1,859)
- Gross operating margin -€24,114
down €24,114 (-96.0%), from €25,120 to €1,006
- Other operating charges -€4,990
down €4,990 (-68.9%), from €7,242 to €2,252
- Depreciation +€1,198
up €1,198 (+7.0%), from €17,204 to €18,403
- Financial charges +€382
up €382 (+63.8%), from €598 to €981
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 | €127,663 | €82,700 | -€44,963 | -35.2% |
| Fixed assets | 21/28 | €53,477 | €36,619 | -€16,858 | -31.5% |
| Tangible fixed assets | 22/27 | €53,477 | €36,619 | -€16,858 | -31.5% |
| Plant, machinery and equipment | 23 | €6,147 | €4,725 | -€1,423 | -23.1% |
| Furniture and vehicles | 24 | €47,330 | €31,894 | -€15,435 | -32.6% |
| Current assets | 29/58 | €74,186 | €46,082 | -€28,105 | -37.9% |
| Stocks and contracts in progress | 3 | €47,300 | €12,500 | -€34,800 | -73.6% |
| Contracts in progress | 37 | €47,300 | €12,500 | -€34,800 | -73.6% |
| Amounts receivable within one year | 40/41 | €17,597 | €7,536 | -€10,061 | -57.2% |
| Trade receivables | 40 | €10,792 | - | -€10,792 | |
| Other amounts receivable | 41 | €6,805 | €7,536 | +€731 | +10.7% |
| Current investments | 50/53 | €8 | €8 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €7,913 | €26,037 | +€18,125 | +229.1% |
| Deferred charges and accrued income | 490/1 | €1,369 | - | -€1,369 | |
| Total equity and liabilities | 10/49 | €127,663 | €82,700 | -€44,963 | -35.2% |
| Equity | 10/15 | €58,121 | €37,108 | -€21,013 | -36.2% |
| Contributions | 10/11 | €18,592 | €20,451 | +€1,859 | +10.0% |
| Reserves | 13 | €1,859 | - | -€1,859 | |
| Non-distributable reserves | 130/1 | €1,859 | - | -€1,859 | |
| Reserves not available under the articles | 1311 | €1,859 | - | -€1,859 | |
| Profit (loss) carried forward | 14 | €37,670 | €16,657 | -€21,013 | -55.8% |
| Amounts payable | 17/49 | €69,542 | €45,592 | -€23,950 | -34.4% |
| Amounts payable within one year | 42/48 | €69,542 | €45,592 | -€23,950 | -34.4% |
| Trade debts | 44 | €35,400 | €12,419 | -€22,981 | -64.9% |
| Suppliers | 440/4 | €35,400 | €12,419 | -€22,981 | -64.9% |
| Taxes, remuneration and social security | 45 | €7,881 | €10,902 | +€3,021 | +38.3% |
| Taxes | 450/3 | €7,881 | €10,902 | +€3,021 | +38.3% |
| Other amounts payable | 47/48 | €26,261 | €22,272 | -€3,990 | -15.2% |
| Non-recurring operating income | 76A | €8,678 | - | -€8,678 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €17,204 | €18,403 | +€1,198 | +7.0% |
| Other operating charges | 640/8 | €7,242 | €2,252 | -€4,990 | -68.9% |
| Gross operating margin | 9900 | €25,120 | €1,006 | -€24,114 | -96.0% |
| Operating profit (loss) | 9901 | €674 | -€19,648 | -€20,322 | |
| Financial income | 75/76B | €82 | €40 | -€42 | -51.5% |
| Recurring financial income | 75 | €82 | €40 | -€42 | -51.5% |
| Financial charges | 65/66B | €598 | €981 | +€382 | +63.8% |
| Recurring financial charges | 65 | €598 | €981 | +€382 | +63.8% |
| Profit (loss) for the period before taxes | 9903 | €157 | -€20,588 | -€20,746 | |
| Income taxes | 67/77 | €283 | €424 | +€142 | +50.1% |
| Profit (loss) for the period | 9904 | -€125 | -€21,013 | -€20,888 | -16676.7% |
| Profit (loss) for the period to be appropriated | 9905 | -€125 | -€21,013 | -€20,888 | -16676.7% |
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.