BC MANAGEMENT: 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 MANAGEMENT
Largest movements
- Current investments +€24,427
up €24,427 (+37.5%), from €65,163 to €89,589
- Receivables within one year +€14,907
up €14,907 (+73.3%), from €20,339 to €35,246
of which Trade receivables: +€14,903
- Deferred charges and accrued income +€2,866
up €2,866 (+19.8%), from €14,506 to €17,372
- Profit (loss) carried forward +€43,440
new in 2025: €43,440
- Trade debts -€6,254
down €6,254 (-86.1%), from €7,264 to €1,010
- Tax, wage and social debts +€5,034
up €5,034 (+102%), from €4,959 to €9,992
- Gross operating margin +€27,491
up €27,491 (+658%), from €4,179 to €31,670
- Taxes +€5,016
up €5,016 (+71.5%), from €7,018 to €12,034
- Financial income +€4,959
up €4,959 (+22.5%), from €22,077 to €27,036
- Financial charges +€566
up €566 (+26.7%), from €2,123 to €2,689
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 | €220,416 | €260,779 | +€40,363 | +18.3% |
| Current assets | 29/58 | €220,416 | €260,779 | +€40,363 | +18.3% |
| Amounts receivable after more than one year | 29 | €94,000 | €94,000 | = | 0.0% |
| Other amounts receivable | 291 | €94,000 | €94,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €20,339 | €35,246 | +€14,907 | +73.3% |
| Trade receivables | 40 | €20,097 | €35,000 | +€14,903 | +74.2% |
| Other amounts receivable | 41 | €242 | €246 | +€4 | +1.6% |
| Current investments | 50/53 | €65,163 | €89,589 | +€24,427 | +37.5% |
| Cash at bank and in hand | 54/58 | €26,408 | €24,572 | -€1,837 | -7.0% |
| Deferred charges and accrued income | 490/1 | €14,506 | €17,372 | +€2,866 | +19.8% |
| Total equity and liabilities | 10/49 | €220,416 | €260,779 | +€40,363 | +18.3% |
| Equity | 10/15 | €202,033 | €245,472 | +€43,440 | +21.5% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €189,633 | €189,633 | = | 0.0% |
| Distributable reserves | 133 | €189,633 | €189,633 | = | 0.0% |
| Profit (loss) carried forward | 14 | - | €43,440 | +€43,440 | |
| Amounts payable | 17/49 | €18,383 | €15,306 | -€3,077 | -16.7% |
| Amounts payable within one year | 42/48 | €18,383 | €15,306 | -€3,077 | -16.7% |
| Trade debts | 44 | €7,264 | €1,010 | -€6,254 | -86.1% |
| Suppliers | 440/4 | €7,264 | €1,010 | -€6,254 | -86.1% |
| Taxes, remuneration and social security | 45 | €4,959 | €9,992 | +€5,034 | +102% |
| Taxes | 450/3 | €4,959 | €9,992 | +€5,034 | +102% |
| Other amounts payable | 47/48 | €6,160 | €4,304 | -€1,856 | -30.1% |
| Other operating charges | 640/8 | €528 | €544 | +€16 | +3.0% |
| Gross operating margin | 9900 | €4,179 | €31,670 | +€27,491 | +658% |
| Operating profit (loss) | 9901 | €3,651 | €31,126 | +€27,475 | +752% |
| Financial income | 75/76B | €22,077 | €27,036 | +€4,959 | +22.5% |
| Recurring financial income | 75 | €22,077 | €27,036 | +€4,959 | +22.5% |
| Financial charges | 65/66B | €2,123 | €2,689 | +€566 | +26.7% |
| Recurring financial charges | 65 | €2,123 | €2,689 | +€566 | +26.7% |
| Profit (loss) for the period before taxes | 9903 | €23,605 | €55,473 | +€31,868 | +135% |
| Income taxes | 67/77 | €7,018 | €12,034 | +€5,016 | +71.5% |
| Profit (loss) for the period | 9904 | €16,587 | €43,440 | +€26,852 | +162% |
| Profit (loss) for the period to be appropriated | 9905 | €16,587 | €43,440 | +€26,852 | +162% |
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.