B.C.T.: 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.T.
Largest movements
- Cash +€66,230
up €66,230 (+18.1%), from €365,223 to €431,452
mainly Depreciation (+€45,362) and Net result for the year (+€27,925)
- Tangible fixed assets -€43,358
down €43,358 (-6.2%), from €695,523 to €652,165
of which Land and buildings: -€40,249
- Reserves +€27,925
up €27,925 (+2.5%), from €1.1m to €1.2m
- Gross operating margin -€22,391
down €22,391 (-17.5%), from €128,133 to €105,742
- Taxes -€5,636
down €5,636 (-27.4%), from €20,542 to €14,906
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 | €1,157,075 | €1,186,968 | +€29,893 | +2.6% |
| Fixed assets | 21/28 | €775,634 | €732,276 | -€43,358 | -5.6% |
| Tangible fixed assets | 22/27 | €695,523 | €652,165 | -€43,358 | -6.2% |
| Land and buildings | 22 | €685,640 | €645,391 | -€40,249 | -5.9% |
| Plant, machinery and equipment | 23 | €6,906 | €4,412 | -€2,494 | -36.1% |
| Furniture and vehicles | 24 | €2,976 | €2,361 | -€615 | -20.7% |
| Financial fixed assets | 28 | €80,112 | €80,112 | = | 0.0% |
| Current assets | 29/58 | €381,441 | €454,692 | +€73,251 | +19.2% |
| Amounts receivable within one year | 40/41 | €13,131 | €19,854 | +€6,723 | +51.2% |
| Trade receivables | 40 | €2,836 | €4,144 | +€1,308 | +46.1% |
| Other amounts receivable | 41 | €10,295 | €15,710 | +€5,415 | +52.6% |
| Cash at bank and in hand | 54/58 | €365,223 | €431,452 | +€66,230 | +18.1% |
| Deferred charges and accrued income | 490/1 | €3,087 | €3,386 | +€298 | +9.7% |
| Total equity and liabilities | 10/49 | €1,157,075 | €1,186,968 | +€29,893 | +2.6% |
| Equity | 10/15 | €1,140,923 | €1,168,848 | +€27,925 | +2.4% |
| Contributions | 10/11 | €18,550 | €18,550 | = | 0.0% |
| Reserves | 13 | €1,122,373 | €1,150,298 | +€27,925 | +2.5% |
| Distributable reserves | 133 | €1,122,373 | €1,150,298 | +€27,925 | +2.5% |
| Amounts payable | 17/49 | €16,152 | €18,120 | +€1,968 | +12.2% |
| Amounts payable after more than one year | 17 | - | €1,029 | +€1,029 | |
| Other amounts payable | 178/9 | - | €1,029 | +€1,029 | |
| Amounts payable within one year | 42/48 | €16,152 | €17,091 | +€940 | +5.8% |
| Financial debts | 43 | €10,083 | €10,028 | -€54 | -0.5% |
| Credit institutions | 430/8 | €10,083 | €10,028 | -€54 | -0.5% |
| Trade debts | 44 | €6,069 | €7,063 | +€994 | +16.4% |
| Suppliers | 440/4 | €6,069 | €7,063 | +€994 | +16.4% |
| Taxes, remuneration and social security | 45 | €0 | - | = | |
| Taxes | 450/3 | €0 | - | = | |
| Remuneration, social security and pensions | 62 | €1,495 | €441 | -€1,054 | -70.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €45,904 | €45,362 | -€542 | -1.2% |
| Other operating charges | 640/8 | €15,787 | €16,118 | +€331 | +2.1% |
| Gross operating margin | 9900 | €128,133 | €105,742 | -€22,391 | -17.5% |
| Operating profit (loss) | 9901 | €64,947 | €43,821 | -€21,126 | -32.5% |
| Financial income | 75/76B | €0 | €0 | +€0 | |
| Recurring financial income | 75 | €0 | €0 | +€0 | |
| Financial charges | 65/66B | €1,069 | €990 | -€79 | -7.4% |
| Recurring financial charges | 65 | €1,069 | €990 | -€79 | -7.4% |
| Profit (loss) for the period before taxes | 9903 | €63,878 | €42,831 | -€21,047 | -32.9% |
| Income taxes | 67/77 | €20,542 | €14,906 | -€5,636 | -27.4% |
| Profit (loss) for the period | 9904 | €43,336 | €27,925 | -€15,411 | -35.6% |
| Profit (loss) for the period to be appropriated | 9905 | €43,336 | €27,925 | -€15,411 | -35.6% |
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 21 October 2026 via checked.be.