BC CONSTRUCTION: 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 CONSTRUCTION
Largest movements
- Cash -€66,271
down €66,271 (-39.2%), from €169,253 to €102,982
mainly Contributions, distributions and other (-€136,284) and Short-term financial debts (-€64,970)
- Tangible fixed assets -€33,242
down €33,242 (-21.2%), from €156,607 to €123,364
of which Furniture and vehicles: -€26,009
- Reserves -€127,674
down €127,674 (-75.5%), from €169,116 to €41,441
- Other debts +€113,330
up €113,330 (+300%), from €37,837 to €151,166
- Short-term financial debts -€64,970
down €64,970 (-100.0%), from €65,000 to €30
of which Other loans: -€65,000
- Trade debts -€14,870
down €14,870 (-61.0%), from €24,382 to €9,512
- Gross operating margin -€71,648
down €71,648 (-44.4%), from €161,353 to €89,706
- Staff costs -€66,358
down €66,358 (-57.9%), from €114,510 to €48,152
- Other operating charges +€2,198
up €2,198 (+59.2%), from €3,716 to €5,914
- Depreciation -€1,896
down €1,896 (-6.3%), from €30,098 to €28,202
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 | €569,946 | €474,902 | -€95,044 | -16.7% |
| Fixed assets | 21/28 | €156,607 | €123,364 | -€33,242 | -21.2% |
| Tangible fixed assets | 22/27 | €156,607 | €123,364 | -€33,242 | -21.2% |
| Land and buildings | 22 | €86,013 | €80,018 | -€5,995 | -7.0% |
| Plant, machinery and equipment | 23 | €1,654 | €415 | -€1,239 | -74.9% |
| Furniture and vehicles | 24 | €68,940 | €42,931 | -€26,009 | -37.7% |
| Current assets | 29/58 | €413,339 | €351,538 | -€61,802 | -15.0% |
| Stocks and contracts in progress | 3 | €5,146 | €5,146 | = | 0.0% |
| Stocks | 30/36 | €5,146 | €5,146 | = | 0.0% |
| Contracts in progress | 37 | €0 | - | = | |
| Amounts receivable within one year | 40/41 | €80,925 | €86,622 | +€5,697 | +7.0% |
| Trade receivables | 40 | €69,986 | €67,942 | -€2,043 | -2.9% |
| Other amounts receivable | 41 | €10,939 | €18,679 | +€7,740 | +70.8% |
| Current investments | 50/53 | €155,652 | €155,652 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €169,253 | €102,982 | -€66,271 | -39.2% |
| Deferred charges and accrued income | 490/1 | €2,363 | €1,135 | -€1,228 | -52.0% |
| Total equity and liabilities | 10/49 | €569,946 | €474,902 | -€95,044 | -16.7% |
| Equity | 10/15 | €427,139 | €298,899 | -€128,240 | -30.0% |
| Contributions | 10/11 | €30,980 | €30,980 | = | 0.0% |
| Reserves | 13 | €169,116 | €41,441 | -€127,674 | -75.5% |
| Distributable reserves | 133 | €169,116 | €41,441 | -€127,674 | -75.5% |
| Profit (loss) carried forward | 14 | €224,912 | €224,912 | = | 0.0% |
| Investment grants | 15 | €2,131 | €1,565 | -€565 | -26.5% |
| Amounts payable | 17/49 | €142,807 | €176,003 | +€33,196 | +23.2% |
| Amounts payable within one year | 42/48 | €142,807 | €176,003 | +€33,196 | +23.2% |
| Financial debts | 43 | €65,000 | €30 | -€64,970 | -100.0% |
| Credit institutions | 430/8 | - | €30 | +€30 | |
| Other loans | 439 | €65,000 | €0 | -€65,000 | -100% |
| Trade debts | 44 | €24,382 | €9,512 | -€14,870 | -61.0% |
| Suppliers | 440/4 | €24,382 | €9,512 | -€14,870 | -61.0% |
| Taxes, remuneration and social security | 45 | €15,589 | €15,295 | -€294 | -1.9% |
| Taxes | 450/3 | €7,621 | €14,092 | +€6,471 | +84.9% |
| Remuneration and social security | 454/9 | €7,968 | €1,203 | -€6,765 | -84.9% |
| Other amounts payable | 47/48 | €37,837 | €151,166 | +€113,330 | +300% |
| Remuneration, social security and pensions | 62 | €114,510 | €48,152 | -€66,358 | -57.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €30,098 | €28,202 | -€1,896 | -6.3% |
| Other operating charges | 640/8 | €3,716 | €5,914 | +€2,198 | +59.2% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Gross operating margin | 9900 | €161,353 | €89,706 | -€71,648 | -44.4% |
| Operating profit (loss) | 9901 | €13,029 | €7,438 | -€5,592 | -42.9% |
| Financial income | 75/76B | €4,515 | €4,019 | -€496 | -11.0% |
| Recurring financial income | 75 | €4,515 | €4,019 | -€496 | -11.0% |
| Financial charges | 65/66B | €572 | €73 | -€499 | -87.2% |
| Recurring financial charges | 65 | €572 | €73 | -€499 | -87.2% |
| Profit (loss) for the period before taxes | 9903 | €16,972 | €11,383 | -€5,589 | -32.9% |
| Income taxes | 67/77 | €4,873 | €3,339 | -€1,534 | -31.5% |
| Profit (loss) for the period | 9904 | €12,100 | €8,045 | -€4,055 | -33.5% |
| Profit (loss) for the period to be appropriated | 9905 | €12,100 | €8,045 | -€4,055 | -33.5% |
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 14 October 2026 via checked.be.