BC 51: 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.
BC 51
Largest movements
- Tangible fixed assets -€73,389
down €73,389 (-7.4%), from €994,811 to €921,422
of which Land and buildings: -€72,515
- Receivables within one year -€12,544
down €12,544 (-67.7%), from €18,529 to €5,985
of which Trade receivables: -€9,282
- Profit (loss) carried forward -€75,809
down €75,809 (-10.1%), from -€749,201 to -€825,011
- Debts after one year -€40,595
down €40,595 (-11.1%), from €366,979 to €326,384
- Other debts +€37,347
up €37,347 (+2.8%), from €1.3m to €1.4m
- Trade debts -€12,430
down €12,430 (-90.2%), from €13,778 to €1,348
- Gross operating margin +€6,408
up €6,408 (+119%), from €5,392 to €11,799
- Other operating charges +€612
up €612 (+44.9%), from €1,365 to €1,977
- Financial charges +€478
up €478 (+5.5%), from €8,705 to €9,183
- Depreciation +€386
up €386 (+0.5%), from €76,063 to €76,449
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 | €1,015,676 | €927,407 | -€88,269 | -8.7% |
| Fixed assets | 21/28 | €994,811 | €921,422 | -€73,389 | -7.4% |
| Intangible fixed assets | 21 | - | €0 | = | |
| Tangible fixed assets | 22/27 | €994,811 | €921,422 | -€73,389 | -7.4% |
| Land and buildings | 22 | €992,552 | €920,038 | -€72,515 | -7.3% |
| Furniture and vehicles | 24 | €2,258 | €1,384 | -€874 | -38.7% |
| Current assets | 29/58 | €20,866 | €5,985 | -€14,881 | -71.3% |
| Amounts receivable within one year | 40/41 | €18,529 | €5,985 | -€12,544 | -67.7% |
| Trade receivables | 40 | €14,447 | €5,165 | -€9,282 | -64.3% |
| Other amounts receivable | 41 | €4,082 | €820 | -€3,262 | -79.9% |
| Cash at bank and in hand | 54/58 | €2,336 | - | -€2,336 | |
| Total equity and liabilities | 10/49 | €1,015,676 | €927,407 | -€88,269 | -8.7% |
| Equity | 10/15 | -€730,601 | -€806,411 | -€75,809 | -10.4% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€749,201 | -€825,011 | -€75,809 | -10.1% |
| Amounts payable | 17/49 | €1,746,277 | €1,733,817 | -€12,460 | -0.7% |
| Amounts payable after more than one year | 17 | €366,979 | €326,384 | -€40,595 | -11.1% |
| Financial debts | 170/4 | €366,979 | €326,384 | -€40,595 | -11.1% |
| Amounts payable within one year | 42/48 | €1,379,298 | €1,407,433 | +€28,135 | +2.0% |
| Current portion of amounts payable after more than one year | 42 | €39,831 | €37,241 | -€2,590 | -6.5% |
| Financial debts | 43 | - | €3,459 | +€3,459 | |
| Credit institutions | 430/8 | - | €3,459 | +€3,459 | |
| Trade debts | 44 | €13,778 | €1,348 | -€12,430 | -90.2% |
| Suppliers | 440/4 | €13,778 | €1,348 | -€12,430 | -90.2% |
| Taxes, remuneration and social security | 45 | €17 | €2,366 | +€2,349 | +13,538% |
| Taxes | 450/3 | €17 | €2,366 | +€2,349 | +13,538% |
| Other amounts payable | 47/48 | €1,325,671 | €1,363,018 | +€37,347 | +2.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €76,063 | €76,449 | +€386 | +0.5% |
| Other operating charges | 640/8 | €1,365 | €1,977 | +€612 | +44.9% |
| Gross operating margin | 9900 | €5,392 | €11,799 | +€6,408 | +119% |
| Operating profit (loss) | 9901 | -€72,036 | -€66,627 | +€5,409 | +7.5% |
| Financial income | 75/76B | €70 | - | -€70 | |
| Recurring financial income | 75 | €70 | - | -€70 | |
| Financial charges | 65/66B | €8,705 | €9,183 | +€478 | +5.5% |
| Recurring financial charges | 65 | €8,705 | €9,183 | +€478 | +5.5% |
| Profit (loss) for the period before taxes | 9903 | -€80,671 | -€75,809 | +€4,862 | +6.0% |
| Profit (loss) for the period | 9904 | -€80,671 | -€75,809 | +€4,862 | +6.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€80,671 | -€75,809 | +€4,862 | +6.0% |
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 23 October 2026 via checked.be.