BC&CO: 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&CO
Largest movements
- Cash -€72,354
down €72,354 (-64.8%), from €111,624 to €39,270
mainly Contributions, distributions and other (-€75,500) and Receivables within one year (-€49,420)
- Receivables within one year +€49,420
up €49,420 (+53.9%), from €91,681 to €141,101
of which Trade receivables: +€59,518
- Tangible fixed assets -€8,894
down €8,894 (-55.1%), from €16,135 to €7,241
- Stocks and contracts -€6,409
no longer reported in 2025 (was €6,409)
- Reserves -€50,649
down €50,649 (-41.5%), from €121,956 to €71,307
- Other debts +€33,226
up €33,226 (+84.0%), from €39,563 to €72,789
- Trade debts -€21,416
down €21,416 (-93.0%), from €23,037 to €1,621
- Gross operating margin -€20,629
down €20,629 (-27.7%), from €74,566 to €53,937
- Taxes -€10,538
down €10,538 (-46.7%), from €22,581 to €12,043
- Staff costs +€7,194
up €7,194 (+7,371%), from €98 to €7,292
- Financial charges -€1,977
down €1,977 (-88.3%), from €2,240 to €263
- Depreciation +€1,508
up €1,508 (+50.8%), from €2,969 to €4,478
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 | €227,239 | €188,922 | -€38,316 | -16.9% |
| Fixed assets | 21/28 | €16,135 | €7,241 | -€8,894 | -55.1% |
| Tangible fixed assets | 22/27 | €16,135 | €7,241 | -€8,894 | -55.1% |
| Furniture and vehicles | 24 | €16,135 | €7,241 | -€8,894 | -55.1% |
| Current assets | 29/58 | €211,104 | €181,681 | -€29,422 | -13.9% |
| Stocks and contracts in progress | 3 | €6,409 | - | -€6,409 | |
| Stocks | 30/36 | €6,409 | - | -€6,409 | |
| Amounts receivable within one year | 40/41 | €91,681 | €141,101 | +€49,420 | +53.9% |
| Trade receivables | 40 | €74,617 | €134,135 | +€59,518 | +79.8% |
| Other amounts receivable | 41 | €17,064 | €6,966 | -€10,098 | -59.2% |
| Cash at bank and in hand | 54/58 | €111,624 | €39,270 | -€72,354 | -64.8% |
| Deferred charges and accrued income | 490/1 | €1,390 | €1,311 | -€79 | -5.7% |
| Total equity and liabilities | 10/49 | €227,239 | €188,922 | -€38,316 | -16.9% |
| Equity | 10/15 | €144,769 | €94,120 | -€50,649 | -35.0% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €121,956 | €71,307 | -€50,649 | -41.5% |
| Distributable reserves | 133 | €121,956 | €71,307 | -€50,649 | -41.5% |
| Profit (loss) carried forward | 14 | €16,613 | €16,613 | = | 0.0% |
| Amounts payable | 17/49 | €82,470 | €94,803 | +€12,333 | +15.0% |
| Amounts payable within one year | 42/48 | €82,470 | €94,803 | +€12,333 | +15.0% |
| Trade debts | 44 | €23,037 | €1,621 | -€21,416 | -93.0% |
| Suppliers | 440/4 | €23,037 | €1,621 | -€21,416 | -93.0% |
| Taxes, remuneration and social security | 45 | €19,870 | €20,392 | +€523 | +2.6% |
| Taxes | 450/3 | €19,870 | €19,532 | -€338 | -1.7% |
| Remuneration and social security | 454/9 | - | €860 | +€860 | |
| Other amounts payable | 47/48 | €39,563 | €72,789 | +€33,226 | +84.0% |
| Remuneration, social security and pensions | 62 | €98 | €7,292 | +€7,194 | +7,371% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,969 | €4,478 | +€1,508 | +50.8% |
| Other operating charges | 640/8 | €233 | €595 | +€362 | +156% |
| Non-recurring operating charges | 66A | - | €4,416 | +€4,416 | |
| Gross operating margin | 9900 | €74,566 | €53,937 | -€20,629 | -27.7% |
| Operating profit (loss) | 9901 | €71,267 | €37,157 | -€34,110 | -47.9% |
| Financial income | 75/76B | €11 | - | -€11 | |
| Recurring financial income | 75 | €11 | - | -€11 | |
| Financial charges | 65/66B | €2,240 | €263 | -€1,977 | -88.3% |
| Recurring financial charges | 65 | €2,240 | €263 | -€1,977 | -88.3% |
| Profit (loss) for the period before taxes | 9903 | €69,037 | €36,894 | -€32,143 | -46.6% |
| Income taxes | 67/77 | €22,581 | €12,043 | -€10,538 | -46.7% |
| Profit (loss) for the period | 9904 | €46,456 | €24,851 | -€21,605 | -46.5% |
| Profit (loss) for the period to be appropriated | 9905 | €46,456 | €24,851 | -€21,605 | -46.5% |
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 15 October 2026 via checked.be.