B.C.T.: 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.T.
Largest movements
- Tangible fixed assets -€42,745
down €42,745 (-8.0%), from €532,542 to €489,797
- Cash +€15,377
up €15,377 (+430.9%), from €3,569 to €18,946
mainly Depreciation (+€42,745) and Net result for the year (+€25,435)
- Debts after one year -€28,085
down €28,085 (-10.0%), from €281,878 to €253,794
of which Financial debts: -€31,896
- Profit (loss) carried forward +€25,435
up €25,435 (+17.1%), from -€148,975 to -€123,540
- Trade debts -€16,762
down €16,762 (-41.8%), from €40,105 to €23,343
- Accrued charges and deferred income -€7,510
down €7,510 (-55.2%), from €13,617 to €6,107
- Gross operating margin +€31,878
up €31,878 (+75.1%), from €42,432 to €74,310
- Other operating charges -€8,726
down €8,726 (-88.9%), from €9,815 to €1,089
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 | €604,661 | €580,274 | -€24,386 | -4.0% |
| Fixed assets | 21/28 | €533,662 | €490,917 | -€42,745 | -8.0% |
| Tangible fixed assets | 22/27 | €532,542 | €489,797 | -€42,745 | -8.0% |
| Land and buildings | 22 | €532,542 | €489,797 | -€42,745 | -8.0% |
| Financial fixed assets | 28 | €1,120 | €1,120 | = | 0.0% |
| Current assets | 29/58 | €70,999 | €89,358 | +€18,359 | +25.9% |
| Amounts receivable within one year | 40/41 | €66,677 | €70,412 | +€3,735 | +5.6% |
| Trade receivables | 40 | €56,943 | €60,288 | +€3,345 | +5.9% |
| Other amounts receivable | 41 | €9,734 | €10,124 | +€389 | +4.0% |
| Cash at bank and in hand | 54/58 | €3,569 | €18,946 | +€15,377 | +430.9% |
| Deferred charges and accrued income | 490/1 | €753 | - | -€753 | |
| Total equity and liabilities | 10/49 | €604,661 | €580,274 | -€24,386 | -4.0% |
| Equity | 10/15 | €208,530 | €233,965 | +€25,435 | +12.2% |
| 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% |
| Revaluation surpluses | 12 | €289,305 | €289,305 | = | 0.0% |
| Reserves | 13 | €6,200 | €6,200 | = | 0.0% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€148,975 | -€123,540 | +€25,435 | +17.1% |
| Amounts payable | 17/49 | €396,131 | €346,310 | -€49,821 | -12.6% |
| Amounts payable after more than one year | 17 | €281,878 | €253,794 | -€28,085 | -10.0% |
| Financial debts | 170/4 | €271,378 | €239,482 | -€31,896 | -11.8% |
| Other amounts payable | 178/9 | €10,500 | €14,312 | +€3,812 | +36.3% |
| Amounts payable within one year | 42/48 | €100,635 | €86,409 | -€14,226 | -14.1% |
| Current portion of amounts payable after more than one year | 42 | €31,443 | €31,896 | +€453 | +1.4% |
| Trade debts | 44 | €40,105 | €23,343 | -€16,762 | -41.8% |
| Suppliers | 440/4 | €40,105 | €23,343 | -€16,762 | -41.8% |
| Taxes, remuneration and social security | 45 | €2,224 | €3,232 | +€1,008 | +45.3% |
| Taxes | 450/3 | €2,224 | €3,232 | +€1,008 | +45.3% |
| Other amounts payable | 47/48 | €26,863 | €27,938 | +€1,075 | +4.0% |
| Accrued charges and deferred income | 492/3 | €13,617 | €6,107 | -€7,510 | -55.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €42,745 | €42,745 | = | 0.0% |
| Other operating charges | 640/8 | €9,815 | €1,089 | -€8,726 | -88.9% |
| Gross operating margin | 9900 | €42,432 | €74,310 | +€31,878 | +75.1% |
| Operating profit (loss) | 9901 | -€10,129 | €30,475 | +€40,604 | |
| Financial income | 75/76B | €374 | €389 | +€15 | +4.0% |
| Recurring financial income | 75 | €374 | €389 | +€15 | +4.0% |
| Financial charges | 65/66B | €5,588 | €5,430 | -€158 | -2.8% |
| Recurring financial charges | 65 | €5,588 | €5,430 | -€158 | -2.8% |
| Profit (loss) for the period before taxes | 9903 | -€15,342 | €25,435 | +€40,777 | |
| Profit (loss) for the period | 9904 | -€15,342 | €25,435 | +€40,777 | |
| Profit (loss) for the period to be appropriated | 9905 | -€15,342 | €25,435 | +€40,777 |
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 3 October 2026 via checked.be.