BC-DC: what changed
What changed
BC-DC
NACE 64.210, Activities of holding companies
filed annual accounts (NBB)
Net result for the year
-€8,353
2024 · -€5,073-€3,281
Equity
€501,130
2024 · €559,883-€58,753
Cash
€9,236
2024 · €51,886-€42,650
Balance sheet total
€515,552
2024 · €629,929-€114,377
Largest movements
Assets
- Cash -€42,650
down €42,650 (-82.2%), from €51,886 to €9,236
mainly Contributions, distributions and other (-€50,400) and Other debts (-€25,698)
- Current investments -€42,503
down €42,503 (-11.8%), from €359,109 to €316,606
- Tangible fixed assets -€27,219
down €27,219 (-13.4%), from €202,968 to €175,749
of which Land and buildings: -€27,347
Equity and liabilities
- Reserves -€58,753
down €58,753 (-10.7%), from €547,483 to €488,730
- Other debts -€25,698
down €25,698 (-75.0%), from €34,265 to €8,567
- Current portion of long-term debt -€17,294
down €17,294 (-100%), from €17,294 to €0
Income statement
- Other operating charges +€8,443
up €8,443 (+332%), from €2,540 to €10,983
- Financial income +€6,621
up €6,621 (+29.9%), from €22,114 to €28,735
of which Financial income: +€6,604
- Gross operating margin -€3,564
down €3,564 (-63.8%), from €5,589 to €2,025
- Depreciation -€1,831
down €1,831 (-6.2%), from €29,741 to €27,909
- Financial charges -€273
down €273 (-55.4%), from €494 to €220
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
-€5,073
Gross operating margin
-€3,564
Depreciation
+€1,831
Other operating charges
-€8,443
Financial income
+€6,621
Financial charges
+€273
Result 2025
-€8,353
raises the resultlowers the result
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
-€16,769
Investment
+€41,813
Financing
-€67,694
Cash 2024
€51,886
From operations (derived)
-€16,769
Net result for the year
-€8,353
Depreciation
+€27,909
Receivables within one year
+€2,084
Deferred charges and accrued income
-€80
Trade debts
-€3,998
Tax, wage and social debts
-€4,733
Advances received
-€2,990
Other debts
-€25,698
Accrued charges and deferred income
-€910
Investment (derived)
+€41,813
Investment in fixed assets (net)
-€690
Current investments
+€42,503
Financing
-€67,694
Current portion of long-term debt
-€17,294
Contributions, distributions and other
-€50,400
Cash 2025
€9,236
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €629,929 | €515,552 | -€114,377 | -18.2% |
| Fixed assets | 21/28 | €203,058 | €175,839 | -€27,219 | -13.4% |
| Tangible fixed assets | 22/27 | €202,968 | €175,749 | -€27,219 | -13.4% |
| Land and buildings | 22 | €188,817 | €161,470 | -€27,347 | -14.5% |
| Plant, machinery and equipment | 23 | €27 | €541 | +€514 | +1,897% |
| Furniture and vehicles | 24 | €538 | €151 | -€386 | -71.8% |
| Other tangible fixed assets | 26 | €13,587 | €13,587 | = | 0.0% |
| Financial fixed assets | 28 | €90 | €90 | = | 0.0% |
| Current assets | 29/58 | €426,871 | €339,713 | -€87,157 | -20.4% |
| Amounts receivable within one year | 40/41 | €13,750 | €11,666 | -€2,084 | -15.2% |
| Trade receivables | 40 | €7,117 | €2,695 | -€4,422 | -62.1% |
| Other amounts receivable | 41 | €6,633 | €8,971 | +€2,338 | +35.2% |
| Current investments | 50/53 | €359,109 | €316,606 | -€42,503 | -11.8% |
| Cash at bank and in hand | 54/58 | €51,886 | €9,236 | -€42,650 | -82.2% |
| Deferred charges and accrued income | 490/1 | €2,125 | €2,205 | +€80 | +3.8% |
| Total equity and liabilities | 10/49 | €629,929 | €515,552 | -€114,377 | -18.2% |
| Equity | 10/15 | €559,883 | €501,130 | -€58,753 | -10.5% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €547,483 | €488,730 | -€58,753 | -10.7% |
| Distributable reserves | 133 | €547,483 | €488,730 | -€58,753 | -10.7% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €70,046 | €14,422 | -€55,623 | -79.4% |
| Amounts payable after more than one year | 17 | €0 | - | = | |
| Financial debts | 170/4 | €0 | - | = | |
| Amounts payable within one year | 42/48 | €68,269 | €13,555 | -€54,714 | -80.1% |
| Current portion of amounts payable after more than one year | 42 | €17,294 | €0 | -€17,294 | -100% |
| Trade debts | 44 | €4,794 | €795 | -€3,998 | -83.4% |
| Suppliers | 440/4 | €4,794 | €795 | -€3,998 | -83.4% |
| Advances received on contracts in progress | 46 | €5,840 | €2,850 | -€2,990 | -51.2% |
| Taxes, remuneration and social security | 45 | €6,076 | €1,343 | -€4,733 | -77.9% |
| Taxes | 450/3 | €4,576 | €0 | -€4,576 | -100% |
| Remuneration and social security | 454/9 | €1,500 | €1,343 | -€157 | -10.5% |
| Other amounts payable | 47/48 | €34,265 | €8,567 | -€25,698 | -75.0% |
| Accrued charges and deferred income | 492/3 | €1,777 | €867 | -€910 | -51.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €29,741 | €27,909 | -€1,831 | -6.2% |
| Other operating charges | 640/8 | €2,540 | €10,983 | +€8,443 | +332% |
| Gross operating margin | 9900 | €5,589 | €2,025 | -€3,564 | -63.8% |
| Operating profit (loss) | 9901 | -€26,692 | -€36,867 | -€10,175 | -38.1% |
| Financial income | 75/76B | €22,114 | €28,735 | +€6,621 | +29.9% |
| Recurring financial income | 75 | €22,114 | €28,718 | +€6,604 | +29.9% |
| Non-recurring financial income | 76B | - | €17 | +€17 | |
| Financial charges | 65/66B | €494 | €220 | -€273 | -55.4% |
| Recurring financial charges | 65 | €494 | €220 | -€273 | -55.4% |
| Profit (loss) for the period before taxes | 9903 | -€5,073 | -€8,353 | -€3,281 | -64.7% |
| Income taxes | 67/77 | €0 | - | = | |
| Profit (loss) for the period | 9904 | -€5,073 | -€8,353 | -€3,281 | -64.7% |
| Profit (loss) for the period to be appropriated | 9905 | -€5,073 | -€8,353 | -€3,281 | -64.7% |
Next steps
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 5 November 2026 via checked.be.