BC Projects: what changed
Two fiscal 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 Projects
Largest movements
- Receivables within one year -€155,779
down €155,779 (-95.3%), from €163,449 to €7,670
of which Trade receivables: -€157,525
- Stocks and contracts +€17,372
up €17,372 (+22.5%), from €77,176 to €94,548
- Trade debts -€133,120
down €133,120 (-73.7%), from €180,741 to €47,621
- Other debts -€14,937
down €14,937 (-5.1%), from €293,542 to €278,605
- Profit (loss) carried forward +€10,150
up €10,150 (+3.2%), from -€316,855 to -€306,706
- Tax, wage and social debts -€3,181
down €3,181 (-17.1%), from €18,650 to €15,469
- Gross operating margin +€14,193
up €14,193 (+243.3%), from €5,833 to €20,025
- Other operating charges +€1,470
up €1,470 (+55.6%), from €2,646 to €4,116
- Financial charges +€997
up €997 (+22.2%), from €4,502 to €5,500
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.
Cash bridge derived
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 | €262,501 | €121,011 | -€141,490 | -53.9% |
| Fixed assets | 21/28 | €461 | €53 | -€408 | -88.6% |
| Tangible fixed assets | 22/27 | €461 | €53 | -€408 | -88.6% |
| Plant, machinery and equipment | 23 | €461 | €53 | -€408 | -88.6% |
| Current assets | 29/58 | €262,040 | €120,959 | -€141,082 | -53.8% |
| Stocks and contracts in progress | 3 | €77,176 | €94,548 | +€17,372 | +22.5% |
| Stocks | 30/36 | €77,176 | €94,548 | +€17,372 | +22.5% |
| Amounts receivable within one year | 40/41 | €163,449 | €7,670 | -€155,779 | -95.3% |
| Trade receivables | 40 | €163,128 | €5,603 | -€157,525 | -96.6% |
| Other amounts receivable | 41 | €321 | €2,067 | +€1,746 | +544.3% |
| Cash at bank and in hand | 54/58 | €20,724 | €18,524 | -€2,200 | -10.6% |
| Deferred charges and accrued income | 490/1 | €692 | €216 | -€475 | -68.7% |
| Total equity and liabilities | 10/49 | €262,501 | €121,011 | -€141,490 | -53.9% |
| Equity | 10/15 | -€230,833 | -€220,684 | +€10,150 | +4.4% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €24,022 | €24,022 | = | 0.0% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Distributable reserves | 133 | €17,822 | €17,822 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€316,855 | -€306,706 | +€10,150 | +3.2% |
| Amounts payable | 17/49 | €493,334 | €341,695 | -€151,639 | -30.7% |
| Amounts payable within one year | 42/48 | €492,933 | €341,695 | -€151,238 | -30.7% |
| Trade debts | 44 | €180,741 | €47,621 | -€133,120 | -73.7% |
| Suppliers | 440/4 | €180,741 | €47,621 | -€133,120 | -73.7% |
| Taxes, remuneration and social security | 45 | €18,650 | €15,469 | -€3,181 | -17.1% |
| Taxes | 450/3 | €18,650 | €15,469 | -€3,181 | -17.1% |
| Other amounts payable | 47/48 | €293,542 | €278,605 | -€14,937 | -5.1% |
| Accrued charges and deferred income | 492/3 | €401 | - | -€401 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €590 | €408 | -€182 | -30.9% |
| Other operating charges | 640/8 | €2,646 | €4,116 | +€1,470 | +55.6% |
| Non-recurring operating charges | 66A | €121 | - | -€121 | |
| Gross operating margin | 9900 | €5,833 | €20,025 | +€14,193 | +243.3% |
| Operating profit (loss) | 9901 | €2,475 | €15,502 | +€13,027 | +526.3% |
| Financial income | 75/76B | €113 | €147 | +€34 | +29.8% |
| Recurring financial income | 75 | €113 | €147 | +€34 | +29.8% |
| Financial charges | 65/66B | €4,502 | €5,500 | +€997 | +22.2% |
| Recurring financial charges | 65 | €4,502 | €5,500 | +€997 | +22.2% |
| Profit (loss) for the period before taxes | 9903 | -€1,913 | €10,150 | +€12,063 | |
| Profit (loss) for the period | 9904 | -€1,913 | €10,150 | +€12,063 | |
| Profit (loss) for the period to be appropriated | 9905 | -€1,913 | €10,150 | +€12,063 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 29 September 2026 via checked.be.