BBC RED: 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.
What changed
BBC RED
NACE 68.110, Buying and selling of own real estate
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€196,217
2024 · -€569,399+€765,616
Equity
€1.4m
2024 · €1.2m+€196,217
Cash
€128,899
2024 · €265,735-€136,835
Balance sheet total
€24.0m
2024 · €22.6m+€1.3m
Largest movements
Assets
- Stocks and contracts +€1.3m
up €1.3m (+19.8%), from €6.4m to €7.7m
- Receivables within one year +€258,238
up €258,238 (+33.5%), from €770,567 to €1.0m
of which Other amounts receivable: +€156,712
Equity and liabilities
- Short-term financial debts +€3.5m
up €3.5m (+52.6%), from €6.7m to €10.3m
- Debts after one year -€2.5m
down €2.5m (-18.1%), from €13.6m to €11.2m
of which Financial debts: -€2.4m
- Profit (loss) carried forward +€253,735
up €253,735 (+44.9%), from -€564,733 to -€310,998
Income statement
- Gross operating margin +€570,240
up €570,240 (+49.1%), from €1.2m to €1.7m
- Financial charges -€274,867
down €274,867 (-24.3%), from €1.1m to €856,305
- Write-downs +€72,088
up €72,088 (+52.4%), from -€137,515 to -€65,428
- Depreciation +€68,226
up €68,226 (+11.3%), from €605,037 to €673,263
- Taxes -€56,424
no longer reported in 2025 (was €56,424)
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.
Result 2024
-€569,399
Gross operating margin
+€570,240
Staff costs
+€6,301
Depreciation
-€68,226
Write-downs
-€72,088
Other operating charges
-€6,231
Financial income
+€4,329
Financial charges
+€274,867
Taxes
+€56,424
Result 2025
€196,217
raises the resultlowers the result
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.
From operations
-€827,550
Investment
-€472,553
Financing
+€1.2m
Cash 2024
€265,735
From operations (derived)
-€827,550
Net result for the year
+€196,217
Depreciation
+€673,263
Receivables after one year
-€144,409
Stocks and contracts
-€1.3m
Receivables within one year
-€258,238
Smaller working-capital items
-€3,099
Provisions
-€19,173
Trade debts
+€50,902
Tax, wage and social debts
-€38,028
Accrued charges and deferred income
-€9,921
Investment (derived)
-€472,553
Investment in fixed assets (net)
-€472,553
Financing
+€1.2m
Debts after one year
-€2.5m
Current portion of long-term debt
+€92,776
Short-term financial debts
+€3.5m
Cash 2025
€128,899
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €22,611,461 | €23,951,666 | +€1.3m | +5.9% |
| Fixed assets | 21/28 | €15,013,654 | €14,812,944 | -€200,710 | -1.3% |
| Intangible fixed assets | 21 | €2,101,805 | €2,030,153 | -€71,652 | -3.4% |
| Tangible fixed assets | 22/27 | €12,911,486 | €12,782,429 | -€129,057 | -1.0% |
| Land and buildings | 22 | €12,766,009 | €12,554,684 | -€211,325 | -1.7% |
| Furniture and vehicles | 24 | €145,477 | €227,744 | +€82,268 | +56.6% |
| Financial fixed assets | 28 | €363 | €363 | = | 0.0% |
| Current assets | 29/58 | €7,597,807 | €9,138,722 | +€1.5m | +20.3% |
| Amounts receivable after more than one year | 29 | €117,343 | €261,752 | +€144,409 | +123% |
| Other amounts receivable | 291 | €117,343 | €261,752 | +€144,409 | +123% |
| Stocks and contracts in progress | 3 | €6,435,030 | €7,710,092 | +€1.3m | +19.8% |
| Stocks | 30/36 | €6,435,030 | €7,710,092 | +€1.3m | +19.8% |
| Amounts receivable within one year | 40/41 | €770,567 | €1,028,806 | +€258,238 | +33.5% |
| Trade receivables | 40 | €10,865 | €112,391 | +€101,526 | +934% |
| Other amounts receivable | 41 | €759,702 | €916,414 | +€156,712 | +20.6% |
| Cash at bank and in hand | 54/58 | €265,735 | €128,899 | -€136,835 | -51.5% |
| Deferred charges and accrued income | 490/1 | €9,132 | €9,172 | +€40 | +0.4% |
| Total equity and liabilities | 10/49 | €22,611,461 | €23,951,666 | +€1.3m | +5.9% |
| Equity | 10/15 | €1,234,895 | €1,431,112 | +€196,217 | +15.9% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €1,794,628 | €1,737,110 | -€57,518 | -3.2% |
| Tax-exempt reserves | 132 | €1,768,128 | €1,710,610 | -€57,518 | -3.3% |
| Distributable reserves | 133 | €26,500 | €26,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€564,733 | -€310,998 | +€253,735 | +44.9% |
| Provisions and deferred taxes | 16 | €589,376 | €570,203 | -€19,173 | -3.3% |
| Deferred taxes | 168 | €589,376 | €570,203 | -€19,173 | -3.3% |
| Amounts payable | 17/49 | €20,787,189 | €21,950,351 | +€1.2m | +5.6% |
| Amounts payable after more than one year | 17 | €13,645,200 | €11,175,932 | -€2.5m | -18.1% |
| Financial debts | 170/4 | €9,317,610 | €6,917,570 | -€2.4m | -25.8% |
| Other amounts payable | 178/9 | €4,327,590 | €4,258,362 | -€69,228 | -1.6% |
| Amounts payable within one year | 42/48 | €7,113,635 | €10,755,985 | +€3.6m | +51.2% |
| Current portion of amounts payable after more than one year | 42 | €167,327 | €260,103 | +€92,776 | +55.4% |
| Financial debts | 43 | €6,727,059 | €10,266,818 | +€3.5m | +52.6% |
| Credit institutions | 430/8 | €6,727,059 | €10,266,818 | +€3.5m | +52.6% |
| Trade debts | 44 | €150,814 | €201,716 | +€50,902 | +33.8% |
| Suppliers | 440/4 | €150,814 | €201,716 | +€50,902 | +33.8% |
| Taxes, remuneration and social security | 45 | €65,377 | €27,349 | -€38,028 | -58.2% |
| Taxes | 450/3 | €65,377 | €27,349 | -€38,028 | -58.2% |
| Other amounts payable | 47/48 | €3,059 | - | -€3,059 | |
| Accrued charges and deferred income | 492/3 | €28,355 | €18,434 | -€9,921 | -35.0% |
| Remuneration, social security and pensions | 62 | €8,119 | €1,818 | -€6,301 | -77.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €605,037 | €673,263 | +€68,226 | +11.3% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€137,515 | -€65,428 | +€72,088 | +52.4% |
| Other operating charges | 640/8 | €102,255 | €108,486 | +€6,231 | +6.1% |
| Gross operating margin | 9900 | €1,162,126 | €1,732,366 | +€570,240 | +49.1% |
| Operating profit (loss) | 9901 | €584,231 | €1,014,227 | +€429,996 | +73.6% |
| Financial income | 75/76B | €14,792 | €19,122 | +€4,329 | +29.3% |
| Recurring financial income | 75 | €14,792 | €19,122 | +€4,329 | +29.3% |
| Financial charges | 65/66B | €1,131,172 | €856,305 | -€274,867 | -24.3% |
| Recurring financial charges | 65 | €1,131,172 | €856,305 | -€274,867 | -24.3% |
| Profit (loss) for the period before taxes | 9903 | -€532,148 | €177,044 | +€709,192 | |
| Transfer from deferred taxes | 780 | €19,173 | €19,173 | +€0 | 0.0% |
| Income taxes | 67/77 | €56,424 | - | -€56,424 | |
| Profit (loss) for the period | 9904 | -€569,399 | €196,217 | +€765,616 | |
| Transfer from tax-exempt reserves | 789 | €57,518 | €57,518 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€511,881 | €253,735 | +€765,616 |
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 14 October 2026 via checked.be.