B&CA: 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&CA
Largest movements
- Receivables within one year +€22,402
up €22,402 (+918%), from €2,439 to €24,842
of which Trade receivables: +€20,000
- Tangible fixed assets -€18,902
down €18,902 (-4.0%), from €475,220 to €456,318
of which Land and buildings: -€20,962
- Cash -€6,666
down €6,666 (-79.9%), from €8,344 to €1,677
mainly Debts after one year (-€32,056) and Receivables within one year (-€22,402)
- Debts after one year -€32,056
down €32,056 (-18.0%), from €177,838 to €145,782
- Other debts +€17,099
up €17,099 (+26.5%), from €64,586 to €81,685
- Reserves +€5,728
up €5,728 (+35.8%), from €16,009 to €21,737
of which Distributable reserves: +€5,728
- Gross operating margin -€12,263
down €12,263 (-25.4%), from €48,257 to €35,994
- Depreciation -€2,602
down €2,602 (-10.5%), from €24,799 to €22,196
- Taxes -€1,152
down €1,152 (-32.1%), from €3,591 to €2,439
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 | €501,024 | €496,956 | -€4,068 | -0.8% |
| Fixed assets | 21/28 | €484,520 | €465,618 | -€18,902 | -3.9% |
| Tangible fixed assets | 22/27 | €475,220 | €456,318 | -€18,902 | -4.0% |
| Land and buildings | 22 | €474,692 | €453,730 | -€20,962 | -4.4% |
| Plant, machinery and equipment | 23 | €528 | €2,588 | +€2,060 | +390% |
| Financial fixed assets | 28 | €9,300 | €9,300 | = | 0.0% |
| Current assets | 29/58 | €16,504 | €31,338 | +€14,834 | +89.9% |
| Amounts receivable within one year | 40/41 | €2,439 | €24,842 | +€22,402 | +918% |
| Trade receivables | 40 | - | €20,000 | +€20,000 | |
| Other amounts receivable | 41 | €2,439 | €4,842 | +€2,402 | +98.5% |
| Cash at bank and in hand | 54/58 | €8,344 | €1,677 | -€6,666 | -79.9% |
| Deferred charges and accrued income | 490/1 | €5,721 | €4,820 | -€901 | -15.8% |
| Total equity and liabilities | 10/49 | €501,024 | €496,956 | -€4,068 | -0.8% |
| Equity | 10/15 | €226,841 | €232,569 | +€5,728 | +2.5% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €16,009 | €21,737 | +€5,728 | +35.8% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €14,149 | €19,877 | +€5,728 | +40.5% |
| Profit (loss) carried forward | 14 | €192,232 | €192,232 | = | 0.0% |
| Amounts payable | 17/49 | €274,183 | €264,387 | -€9,796 | -3.6% |
| Amounts payable after more than one year | 17 | €177,838 | €145,782 | -€32,056 | -18.0% |
| Financial debts | 170/4 | €177,838 | €145,782 | -€32,056 | -18.0% |
| Amounts payable within one year | 42/48 | €96,345 | €118,605 | +€22,260 | +23.1% |
| Current portion of amounts payable after more than one year | 42 | €31,483 | €32,056 | +€573 | +1.8% |
| Trade debts | 44 | €276 | €1,655 | +€1,378 | +499% |
| Suppliers | 440/4 | €276 | €1,655 | +€1,378 | +499% |
| Taxes, remuneration and social security | 45 | - | €3,210 | +€3,210 | |
| Taxes | 450/3 | - | €3,210 | +€3,210 | |
| Other amounts payable | 47/48 | €64,586 | €81,685 | +€17,099 | +26.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €24,799 | €22,196 | -€2,602 | -10.5% |
| Other operating charges | 640/8 | €1,919 | €1,692 | -€227 | -11.8% |
| Gross operating margin | 9900 | €48,257 | €35,994 | -€12,263 | -25.4% |
| Operating profit (loss) | 9901 | €21,539 | €12,105 | -€9,434 | -43.8% |
| Financial income | 75/76B | €1 | €0 | -€1 | -83.8% |
| Recurring financial income | 75 | €1 | €0 | -€1 | -83.8% |
| Financial charges | 65/66B | €4,243 | €3,939 | -€305 | -7.2% |
| Recurring financial charges | 65 | €4,243 | €3,939 | -€305 | -7.2% |
| Profit (loss) for the period before taxes | 9903 | €17,297 | €8,167 | -€9,130 | -52.8% |
| Income taxes | 67/77 | €3,591 | €2,439 | -€1,152 | -32.1% |
| Profit (loss) for the period | 9904 | €13,706 | €5,728 | -€7,979 | -58.2% |
| Profit (loss) for the period to be appropriated | 9905 | €13,706 | €5,728 | -€7,979 | -58.2% |
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 19 October 2026 via checked.be.