BC Materials: 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 Materials
Largest movements
- Receivables after one year -€313,391
no longer reported in 2025 (was €313,391)
- Cash +€148,451
up €148,451 (+454%), from €32,690 to €181,140
mainly Receivables after one year (+€313,391) and Receivables within one year (+€100,474)
- Receivables within one year -€100,474
down €100,474 (-15.8%), from €636,813 to €536,338
of which Trade receivables: -€116,856
- Stocks and contracts +€62,490
up €62,490 (+44.3%), from €141,030 to €203,520
- Deferred charges and accrued income +€22,192
up €22,192 (+2,072%), from €1,071 to €23,263
- Investment grants -€288,620
down €288,620 (-47.1%), from €613,330 to €324,710
- Reserves +€77,333
up €77,333 (+25.1%), from €308,428 to €385,762
- Other debts +€26,583
up €26,583 (+1,079%), from €2,464 to €29,047
- Trade debts +€22,163
up €22,163 (+185%), from €11,956 to €34,119
- Debts after one year -€19,208
down €19,208 (-55.2%), from €34,806 to €15,597
- Gross operating margin +€141,861
up €141,861 (+39.6%), from €358,005 to €499,866
- Staff costs +€82,592
up €82,592 (+35.5%), from €232,558 to €315,150
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 | €1,401,150 | €1,199,416 | -€201,734 | -14.4% |
| Fixed assets | 21/28 | €276,156 | €255,155 | -€21,001 | -7.6% |
| Intangible fixed assets | 21 | €19,334 | €13,163 | -€6,172 | -31.9% |
| Tangible fixed assets | 22/27 | €254,051 | €240,221 | -€13,830 | -5.4% |
| Land and buildings | 22 | €95,592 | €59,326 | -€36,265 | -37.9% |
| Plant, machinery and equipment | 23 | €94,120 | €114,487 | +€20,367 | +21.6% |
| Furniture and vehicles | 24 | €22,221 | €14,859 | -€7,361 | -33.1% |
| Leasing and similar rights | 25 | €42,119 | €33,299 | -€8,820 | -20.9% |
| Assets under construction and advance payments | 27 | - | €18,250 | +€18,250 | |
| Financial fixed assets | 28 | €2,771 | €1,771 | -€1,000 | -36.1% |
| Current assets | 29/58 | €1,124,994 | €944,261 | -€180,733 | -16.1% |
| Amounts receivable after more than one year | 29 | €313,391 | - | -€313,391 | |
| Other amounts receivable | 291 | €313,391 | - | -€313,391 | |
| Stocks and contracts in progress | 3 | €141,030 | €203,520 | +€62,490 | +44.3% |
| Stocks | 30/36 | €141,030 | €203,520 | +€62,490 | +44.3% |
| Amounts receivable within one year | 40/41 | €636,813 | €536,338 | -€100,474 | -15.8% |
| Trade receivables | 40 | €312,997 | €196,141 | -€116,856 | -37.3% |
| Other amounts receivable | 41 | €323,816 | €340,198 | +€16,382 | +5.1% |
| Cash at bank and in hand | 54/58 | €32,690 | €181,140 | +€148,451 | +454% |
| Deferred charges and accrued income | 490/1 | €1,071 | €23,263 | +€22,192 | +2,072% |
| Total equity and liabilities | 10/49 | €1,401,150 | €1,199,416 | -€201,734 | -14.4% |
| Equity | 10/15 | €1,288,933 | €1,055,089 | -€233,844 | -18.1% |
| Contributions | 10/11 | €310,500 | €291,450 | -€19,050 | -6.1% |
| Reserves | 13 | €308,428 | €385,762 | +€77,333 | +25.1% |
| Distributable reserves | 133 | €308,428 | €385,762 | +€77,333 | +25.1% |
| Profit (loss) carried forward | 14 | €56,674 | €53,167 | -€3,508 | -6.2% |
| Investment grants | 15 | €613,330 | €324,710 | -€288,620 | -47.1% |
| Amounts payable | 17/49 | €112,218 | €144,328 | +€32,110 | +28.6% |
| Amounts payable after more than one year | 17 | €34,806 | €15,597 | -€19,208 | -55.2% |
| Financial debts | 170/4 | €34,806 | €15,597 | -€19,208 | -55.2% |
| Amounts payable within one year | 42/48 | €74,831 | €128,730 | +€53,900 | +72.0% |
| Current portion of amounts payable after more than one year | 42 | €10,565 | €15,654 | +€5,089 | +48.2% |
| Trade debts | 44 | €11,956 | €34,119 | +€22,163 | +185% |
| Suppliers | 440/4 | €11,956 | €34,119 | +€22,163 | +185% |
| Taxes, remuneration and social security | 45 | €49,845 | €49,910 | +€64 | +0.1% |
| Taxes | 450/3 | €12,070 | €30,355 | +€18,285 | +151% |
| Remuneration and social security | 454/9 | €37,775 | €19,554 | -€18,221 | -48.2% |
| Other amounts payable | 47/48 | €2,464 | €29,047 | +€26,583 | +1,079% |
| Accrued charges and deferred income | 492/3 | €2,582 | - | -€2,582 | |
| Remuneration, social security and pensions | 62 | €232,558 | €315,150 | +€82,592 | +35.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €81,565 | €78,501 | -€3,064 | -3.8% |
| Other operating charges | 640/8 | €1,877 | €198 | -€1,679 | -89.4% |
| Gross operating margin | 9900 | €358,005 | €499,866 | +€141,861 | +39.6% |
| Operating profit (loss) | 9901 | €42,005 | €106,017 | +€64,012 | +152% |
| Financial income | 75/76B | €127 | €265 | +€139 | +109% |
| Recurring financial income | 75 | €127 | €265 | +€139 | +109% |
| Financial charges | 65/66B | €4,101 | €3,456 | -€645 | -15.7% |
| Recurring financial charges | 65 | €4,101 | €3,456 | -€645 | -15.7% |
| Profit (loss) for the period before taxes | 9903 | €38,030 | €102,826 | +€64,796 | +170% |
| Income taxes | 67/77 | €3,457 | €2,417 | -€1,041 | -30.1% |
| Profit (loss) for the period | 9904 | €34,573 | €100,409 | +€65,836 | +190% |
| Profit (loss) for the period to be appropriated | 9905 | €34,573 | €100,409 | +€65,836 | +190% |
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.