BC & L: 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 & L
Largest movements
- Tangible fixed assets +€35,263
up €35,263 (+41.7%), from €84,511 to €119,774
of which Furniture and vehicles: +€45,750
- Stocks and contracts +€28,152
up €28,152 (+21.8%), from €129,271 to €157,423
- Cash +€15,715
up €15,715 (+42.5%), from €36,988 to €52,703
mainly Debts after one year (+€49,987) and Net result for the year (+€26,124)
- Receivables within one year +€7,471
up €7,471 (+7.4%), from €100,553 to €108,025
of which Trade receivables: +€12,510
- Debts after one year +€49,987
up €49,987 (+36.1%), from €138,357 to €188,344
of which Financial debts: +€37,230
- Reserves +€26,124
up €26,124 (+23.8%), from €109,737 to €135,861
- Current portion of long-term debt +€10,460
new in 2025: €10,460
- Accrued charges and deferred income -€5,323
down €5,323 (-100%), from €5,323 to €0
- Tax, wage and social debts +€4,807
up €4,807 (+33.5%), from €14,337 to €19,144
- Gross operating margin +€30,572
up €30,572 (+65.7%), from €46,498 to €77,070
- Taxes +€7,314
up €7,314 (+122%), from €5,989 to €13,303
- Depreciation +€7,026
up €7,026 (+38.0%), from €18,507 to €25,533
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 | €351,694 | €441,070 | +€89,376 | +25.4% |
| Fixed assets | 21/28 | €84,881 | €120,144 | +€35,263 | +41.5% |
| Tangible fixed assets | 22/27 | €84,511 | €119,774 | +€35,263 | +41.7% |
| Land and buildings | 22 | €76,478 | €61,020 | -€15,458 | -20.2% |
| Plant, machinery and equipment | 23 | €830 | €151 | -€679 | -81.8% |
| Furniture and vehicles | 24 | €6,945 | €52,695 | +€45,750 | +659% |
| Other tangible fixed assets | 26 | €258 | €5,907 | +€5,649 | +2,190% |
| Financial fixed assets | 28 | €370 | €370 | = | 0.0% |
| Current assets | 29/58 | €266,813 | €320,926 | +€54,113 | +20.3% |
| Stocks and contracts in progress | 3 | €129,271 | €157,423 | +€28,152 | +21.8% |
| Stocks | 30/36 | €129,271 | €157,423 | +€28,152 | +21.8% |
| Amounts receivable within one year | 40/41 | €100,553 | €108,025 | +€7,471 | +7.4% |
| Trade receivables | 40 | €95,515 | €108,025 | +€12,510 | +13.1% |
| Other amounts receivable | 41 | €5,039 | €0 | -€5,039 | -100% |
| Cash at bank and in hand | 54/58 | €36,988 | €52,703 | +€15,715 | +42.5% |
| Deferred charges and accrued income | 490/1 | - | €2,776 | +€2,776 | |
| Total equity and liabilities | 10/49 | €351,694 | €441,070 | +€89,376 | +25.4% |
| Equity | 10/15 | €192,093 | €218,461 | +€26,368 | +13.7% |
| Contributions | 10/11 | €82,600 | €82,600 | = | 0.0% |
| Reserves | 13 | €109,737 | €135,861 | +€26,124 | +23.8% |
| Distributable reserves | 133 | €109,737 | €135,861 | +€26,124 | +23.8% |
| Profit (loss) carried forward | 14 | -€244 | €0 | +€244 | |
| Amounts payable | 17/49 | €159,600 | €222,609 | +€63,009 | +39.5% |
| Amounts payable after more than one year | 17 | €138,357 | €188,344 | +€49,987 | +36.1% |
| Financial debts | 170/4 | - | €37,230 | +€37,230 | |
| Other amounts payable | 178/9 | €138,357 | €151,114 | +€12,757 | +9.2% |
| Amounts payable within one year | 42/48 | €15,920 | €34,265 | +€18,345 | +115% |
| Current portion of amounts payable after more than one year | 42 | - | €10,460 | +€10,460 | |
| Financial debts | 43 | €0 | - | = | |
| Credit institutions | 430/8 | €0 | - | = | |
| Trade debts | 44 | €1,584 | €4,662 | +€3,078 | +194% |
| Suppliers | 440/4 | €1,584 | €4,662 | +€3,078 | +194% |
| Taxes, remuneration and social security | 45 | €14,337 | €19,144 | +€4,807 | +33.5% |
| Taxes | 450/3 | €14,337 | €19,144 | +€4,807 | +33.5% |
| Accrued charges and deferred income | 492/3 | €5,323 | €0 | -€5,323 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €18,507 | €25,533 | +€7,026 | +38.0% |
| Other operating charges | 640/8 | €1,710 | €1,760 | +€50 | +3.0% |
| Gross operating margin | 9900 | €46,498 | €77,070 | +€30,572 | +65.7% |
| Operating profit (loss) | 9901 | €26,281 | €49,777 | +€23,496 | +89.4% |
| Financial income | 75/76B | €1,001 | €1,104 | +€103 | +10.3% |
| Recurring financial income | 75 | €1,001 | €1,104 | +€103 | +10.3% |
| Financial charges | 65/66B | €11,734 | €11,455 | -€279 | -2.4% |
| Recurring financial charges | 65 | €11,734 | €11,455 | -€279 | -2.4% |
| Profit (loss) for the period before taxes | 9903 | €15,549 | €39,427 | +€23,878 | +154% |
| Income taxes | 67/77 | €5,989 | €13,303 | +€7,314 | +122% |
| Profit (loss) for the period | 9904 | €9,560 | €26,124 | +€16,564 | +173% |
| Profit (loss) for the period to be appropriated | 9905 | €9,560 | €26,124 | +€16,564 | +173% |
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 25 October 2026 via checked.be.