B.N.C. MANAGEMENT: 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.N.C. MANAGEMENT
Largest movements
- Cash -€15,098
down €15,098 (-72.4%), from €20,868 to €5,770
mainly Receivables after one year (-€12,923) and Tax, wage and social debts (-€6,748)
- Receivables after one year +€12,923
up €12,923 (+56.5%), from €22,863 to €35,786
- Tangible fixed assets -€1,836
down €1,836 (-39.6%), from €4,634 to €2,798
- Current investments -€1,456
down €1,456 (-49.6%), from €2,935 to €1,479
- Tax, wage and social debts -€6,748
down €6,748 (-57.4%), from €11,751 to €5,003
- Reserves +€2,448
up €2,448 (+3.1%), from €78,355 to €80,803
of which Distributable reserves: +€2,448
- Current portion of long-term debt -€2,327
down €2,327 (-35.8%), from €6,505 to €4,178
- Financial income -€31,657
down €31,657 (-96.9%), from €32,681 to €1,023
of which Non-recurring financial income: -€23,873
- Gross operating margin -€11,479
down €11,479 (-60.2%), from €19,064 to €7,584
- Taxes -€6,473
down €6,473 (-75.0%), from €8,626 to €2,153
- Financial charges -€1,340
down €1,340 (-46.3%), from €2,893 to €1,553
- Depreciation +€496
up €496 (+37.0%), from €1,340 to €1,836
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 | €115,719 | €110,427 | -€5,291 | -4.6% |
| Formation expenses | 20 | €0 | €0 | = | |
| Fixed assets | 21/28 | €65,834 | €63,998 | -€1,836 | -2.8% |
| Tangible fixed assets | 22/27 | €4,634 | €2,798 | -€1,836 | -39.6% |
| Furniture and vehicles | 24 | €4,634 | €2,798 | -€1,836 | -39.6% |
| Financial fixed assets | 28 | €61,201 | €61,201 | = | 0.0% |
| Current assets | 29/58 | €49,885 | €46,429 | -€3,455 | -6.9% |
| Amounts receivable after more than one year | 29 | €22,863 | €35,786 | +€12,923 | +56.5% |
| Other amounts receivable | 291 | €22,863 | €35,786 | +€12,923 | +56.5% |
| Amounts receivable within one year | 40/41 | €1,303 | €456 | -€848 | -65.0% |
| Trade receivables | 40 | €212 | €72 | -€140 | -65.9% |
| Other amounts receivable | 41 | €1,091 | €384 | -€708 | -64.9% |
| Current investments | 50/53 | €2,935 | €1,479 | -€1,456 | -49.6% |
| Cash at bank and in hand | 54/58 | €20,868 | €5,770 | -€15,098 | -72.4% |
| Deferred charges and accrued income | 490/1 | €1,915 | €2,939 | +€1,023 | +53.4% |
| Total equity and liabilities | 10/49 | €115,719 | €110,427 | -€5,291 | -4.6% |
| Equity | 10/15 | €96,955 | €99,403 | +€2,448 | +2.5% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €78,355 | €80,803 | +€2,448 | +3.1% |
| Tax-exempt reserves | 132 | €2,300 | €2,300 | = | 0.0% |
| Distributable reserves | 133 | €76,055 | €78,503 | +€2,448 | +3.2% |
| Amounts payable | 17/49 | €18,764 | €11,024 | -€7,740 | -41.2% |
| Amounts payable within one year | 42/48 | €18,723 | €10,613 | -€8,110 | -43.3% |
| Current portion of amounts payable after more than one year | 42 | €6,505 | €4,178 | -€2,327 | -35.8% |
| Trade debts | 44 | €467 | €1,431 | +€964 | +206% |
| Suppliers | 440/4 | €467 | €1,431 | +€964 | +206% |
| Taxes, remuneration and social security | 45 | €11,751 | €5,003 | -€6,748 | -57.4% |
| Taxes | 450/3 | €11,751 | €5,003 | -€6,748 | -57.4% |
| Accrued charges and deferred income | 492/3 | €41 | €411 | +€371 | +913% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,340 | €1,836 | +€496 | +37.0% |
| Other operating charges | 640/8 | €352 | €297 | -€55 | -15.7% |
| Non-recurring operating charges | 66A | - | €320 | +€320 | |
| Gross operating margin | 9900 | €19,064 | €7,584 | -€11,479 | -60.2% |
| Operating profit (loss) | 9901 | €17,371 | €5,131 | -€12,240 | -70.5% |
| Financial income | 75/76B | €32,681 | €1,023 | -€31,657 | -96.9% |
| Recurring financial income | 75 | €8,808 | €1,023 | -€7,784 | -88.4% |
| Non-recurring financial income | 76B | €23,873 | - | -€23,873 | |
| Financial charges | 65/66B | €2,893 | €1,553 | -€1,340 | -46.3% |
| Recurring financial charges | 65 | €2,893 | €1,553 | -€1,340 | -46.3% |
| Profit (loss) for the period before taxes | 9903 | €47,159 | €4,601 | -€42,558 | -90.2% |
| Income taxes | 67/77 | €8,626 | €2,153 | -€6,473 | -75.0% |
| Profit (loss) for the period | 9904 | €38,533 | €2,448 | -€36,084 | -93.6% |
| Profit (loss) for the period to be appropriated | 9905 | €38,533 | €2,448 | -€36,084 | -93.6% |
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.