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.C.M.
Largest movements
- Tangible fixed assets -€3,902
down €3,902 (-11.9%), from €32,712 to €28,810
No liability line moved by more than 1% of the balance sheet total.
- Financial charges +€11,675
up €11,675 (+98.4%), from -€11,862 to -€187
- Taxes -€794
down €794 (-100.0%), from €794 to €0
- Gross operating margin +€494
up €494 (+12.1%), from -€4,098 to -€3,604
- Other operating charges -€118
down €118 (-5.2%), from €2,275 to €2,157
- Financial income -€98
down €98 (-1.4%), from €7,147 to €7,049
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 | €380,319 | €378,906 | -€1,413 | -0.4% |
| Fixed assets | 21/28 | €32,712 | €28,810 | -€3,902 | -11.9% |
| Tangible fixed assets | 22/27 | €32,712 | €28,810 | -€3,902 | -11.9% |
| Land and buildings | 22 | €32,712 | €28,810 | -€3,902 | -11.9% |
| Current assets | 29/58 | €347,606 | €350,096 | +€2,489 | +0.7% |
| Amounts receivable after more than one year | 29 | €230,000 | €230,000 | = | 0.0% |
| Other amounts receivable | 291 | €230,000 | €230,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €0 | €321 | +€321 | |
| Other amounts receivable | 41 | €0 | €321 | +€321 | |
| Current investments | 50/53 | €105,306 | €105,996 | +€690 | +0.7% |
| Cash at bank and in hand | 54/58 | €6,321 | €7,051 | +€730 | +11.6% |
| Deferred charges and accrued income | 490/1 | €5,980 | €6,728 | +€748 | +12.5% |
| Total equity and liabilities | 10/49 | €380,319 | €378,906 | -€1,413 | -0.4% |
| Equity | 10/15 | €354,566 | €352,139 | -€2,428 | -0.7% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €292,468 | €292,468 | = | 0.0% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Distributable reserves | 133 | €286,268 | €286,268 | = | 0.0% |
| Profit (loss) carried forward | 14 | €98 | -€2,329 | -€2,428 | |
| Amounts payable | 17/49 | €25,752 | €26,767 | +€1,015 | +3.9% |
| Amounts payable within one year | 42/48 | €25,752 | €26,767 | +€1,015 | +3.9% |
| Trade debts | 44 | €1,750 | €1,714 | -€36 | -2.1% |
| Suppliers | 440/4 | €1,750 | €1,714 | -€36 | -2.1% |
| Taxes, remuneration and social security | 45 | €444 | €0 | -€444 | -100.0% |
| Taxes | 450/3 | €444 | €0 | -€444 | -100.0% |
| Other amounts payable | 47/48 | €23,558 | €25,053 | +€1,495 | +6.3% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,902 | €3,902 | = | 0.0% |
| Other operating charges | 640/8 | €2,275 | €2,157 | -€118 | -5.2% |
| Gross operating margin | 9900 | -€4,098 | -€3,604 | +€494 | +12.1% |
| Operating profit (loss) | 9901 | -€10,275 | -€9,663 | +€612 | +6.0% |
| Financial income | 75/76B | €7,147 | €7,049 | -€98 | -1.4% |
| Recurring financial income | 75 | €7,147 | €7,049 | -€98 | -1.4% |
| Financial charges | 65/66B | -€11,862 | -€187 | +€11,675 | +98.4% |
| Recurring financial charges | 65 | -€11,862 | -€187 | +€11,675 | +98.4% |
| Profit (loss) for the period before taxes | 9903 | €8,733 | -€2,428 | -€11,161 | |
| Income taxes | 67/77 | €794 | €0 | -€794 | -100.0% |
| Profit (loss) for the period | 9904 | €7,939 | -€2,428 | -€10,367 | |
| Profit (loss) for the period to be appropriated | 9905 | €7,939 | -€2,428 | -€10,367 |
Source: filed annual accounts (NBB), fiscal years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 4 October 2026 via checked.be.