B&C VG: 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 VG
Largest movements
- Tangible fixed assets +€314,965
up €314,965 (+24.4%), from €1.3m to €1.6m
of which Land and buildings: +€310,310
- Debts after one year +€210,683
up €210,683 (+27.1%), from €776,041 to €986,724
- Other debts +€44,682
up €44,682 (+35.3%), from €126,565 to €171,248
- Current portion of long-term debt +€37,000
up €37,000 (+33.6%), from €109,984 to €146,984
- Reserves +€24,365
up €24,365 (+13.6%), from €179,094 to €203,459
of which Distributable reserves: +€33,421
- Accrued charges and deferred income +€23,135
new in 2025: €23,135
- Financial charges +€5,717
up €5,717 (+57.2%), from €9,987 to €15,704
- Depreciation +€4,334
up €4,334 (+4.5%), from €96,104 to €100,438
- Taxes -€3,380
down €3,380 (-17.7%), from €19,115 to €15,735
- Gross operating margin +€2,254
up €2,254 (+1.3%), from €176,800 to €179,053
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 | €1,317,546 | €1,635,279 | +€317,733 | +24.1% |
| Fixed assets | 21/28 | €1,290,821 | €1,605,786 | +€314,965 | +24.4% |
| Tangible fixed assets | 22/27 | €1,290,821 | €1,605,786 | +€314,965 | +24.4% |
| Land and buildings | 22 | €1,290,821 | €1,601,131 | +€310,310 | +24.0% |
| Furniture and vehicles | 24 | - | €4,655 | +€4,655 | |
| Current assets | 29/58 | €26,724 | €29,493 | +€2,769 | +10.4% |
| Amounts receivable within one year | 40/41 | - | €1,265 | +€1,265 | |
| Other amounts receivable | 41 | - | €1,265 | +€1,265 | |
| Cash at bank and in hand | 54/58 | €26,724 | €24,759 | -€1,966 | -7.4% |
| Deferred charges and accrued income | 490/1 | - | €3,469 | +€3,469 | |
| Total equity and liabilities | 10/49 | €1,317,546 | €1,635,279 | +€317,733 | +24.1% |
| Equity | 10/15 | €259,614 | €283,980 | +€24,366 | +9.4% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €179,094 | €203,459 | +€24,365 | +13.6% |
| Tax-exempt reserves | 132 | €68,799 | €59,743 | -€9,056 | -13.2% |
| Distributable reserves | 133 | €110,295 | €143,716 | +€33,421 | +30.3% |
| Profit (loss) carried forward | 14 | €61,920 | €61,921 | +€1 | 0.0% |
| Provisions and deferred taxes | 16 | €22,933 | €19,914 | -€3,019 | -13.2% |
| Deferred taxes | 168 | €22,933 | €19,914 | -€3,019 | -13.2% |
| Amounts payable | 17/49 | €1,034,999 | €1,331,385 | +€296,386 | +28.6% |
| Amounts payable after more than one year | 17 | €776,041 | €986,724 | +€210,683 | +27.1% |
| Financial debts | 170/4 | €776,041 | €986,724 | +€210,683 | +27.1% |
| Amounts payable within one year | 42/48 | €258,958 | €321,526 | +€62,568 | +24.2% |
| Current portion of amounts payable after more than one year | 42 | €109,984 | €146,984 | +€37,000 | +33.6% |
| Taxes, remuneration and social security | 45 | €22,409 | €3,294 | -€19,115 | -85.3% |
| Taxes | 450/3 | €22,409 | €3,294 | -€19,115 | -85.3% |
| Other amounts payable | 47/48 | €126,565 | €171,248 | +€44,682 | +35.3% |
| Accrued charges and deferred income | 492/3 | - | €23,135 | +€23,135 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €96,104 | €100,438 | +€4,334 | +4.5% |
| Other operating charges | 640/8 | €24,927 | €25,830 | +€902 | +3.6% |
| Gross operating margin | 9900 | €176,800 | €179,053 | +€2,254 | +1.3% |
| Operating profit (loss) | 9901 | €55,769 | €52,786 | -€2,983 | -5.3% |
| Financial charges | 65/66B | €9,987 | €15,704 | +€5,717 | +57.2% |
| Recurring financial charges | 65 | €9,987 | €15,704 | +€5,717 | +57.2% |
| Profit (loss) for the period before taxes | 9903 | €45,782 | €37,082 | -€8,700 | -19.0% |
| Transfer from deferred taxes | 780 | €3,019 | €3,019 | = | 0.0% |
| Income taxes | 67/77 | €19,115 | €15,735 | -€3,380 | -17.7% |
| Profit (loss) for the period | 9904 | €29,686 | €24,366 | -€5,320 | -17.9% |
| Transfer from tax-exempt reserves | 789 | €9,056 | €9,056 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €38,742 | €33,422 | -€5,320 | -13.7% |
Source: filed annual accounts (NBB), financial years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 16 October 2026 via checked.be.