BC Projects: what changed
BC Projects
Largest movements
- Cash -€44,545
down €44,545 (-46.7%), from €95,347 to €50,802
mainly Net result for the year (-€46,528) and Receivables within one year (-€2,516)
- Receivables within one year +€2,516
up €2,516 (+1.8%), from €140,269 to €142,785
of which Other amounts receivable: +€2,449
- Tangible fixed assets -€2,504
down €2,504 (-35.2%), from €7,113 to €4,609
of which Furniture and vehicles: -€2,318
- Reserves -€46,528
down €46,528 (-75.0%), from €62,009 to €15,481
- Gross operating margin -€74,653
down €74,653, from €24,483 to -€50,170
- Taxes -€5,963
down €5,963 (-100%), from €5,963 to €0
- Financial income -€1,559
down €1,559 (-14.6%), from €10,669 to €9,110
- Depreciation -€672
down €672 (-21.2%), from €3,176 to €2,504
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €242,729 | €198,196 | -€44,533 | -18.3% |
| Fixed assets | 21/28 | €7,113 | €4,609 | -€2,504 | -35.2% |
| Tangible fixed assets | 22/27 | €7,113 | €4,609 | -€2,504 | -35.2% |
| Plant, machinery and equipment | 23 | €276 | €90 | -€186 | -67.3% |
| Furniture and vehicles | 24 | €6,837 | €4,519 | -€2,318 | -33.9% |
| Current assets | 29/58 | €235,616 | €193,586 | -€42,029 | -17.8% |
| Amounts receivable within one year | 40/41 | €140,269 | €142,785 | +€2,516 | +1.8% |
| Trade receivables | 40 | - | €67 | +€67 | |
| Other amounts receivable | 41 | €140,269 | €142,718 | +€2,449 | +1.7% |
| Cash at bank and in hand | 54/58 | €95,347 | €50,802 | -€44,545 | -46.7% |
| Total equity and liabilities | 10/49 | €242,729 | €198,196 | -€44,533 | -18.3% |
| Equity | 10/15 | €212,009 | €165,481 | -€46,528 | -21.9% |
| Contributions | 10/11 | €150,000 | €150,000 | = | 0.0% |
| Reserves | 13 | €62,009 | €15,481 | -€46,528 | -75.0% |
| Distributable reserves | 133 | €62,009 | €15,481 | -€46,528 | -75.0% |
| Profit (loss) carried forward | 14 | €0 | - | = | |
| Amounts payable | 17/49 | €30,720 | €32,715 | +€1,994 | +6.5% |
| Amounts payable within one year | 42/48 | €30,720 | €32,653 | +€1,933 | +6.3% |
| Trade debts | 44 | €612 | €0 | -€612 | -100% |
| Suppliers | 440/4 | €612 | €0 | -€612 | -100% |
| Taxes, remuneration and social security | 45 | - | €836 | +€836 | |
| Taxes | 450/3 | - | €836 | +€836 | |
| Other amounts payable | 47/48 | €30,108 | €31,817 | +€1,709 | +5.7% |
| Accrued charges and deferred income | 492/3 | - | €61 | +€61 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,176 | €2,504 | -€672 | -21.2% |
| Other operating charges | 640/8 | €513 | €528 | +€14 | +2.8% |
| Gross operating margin | 9900 | €24,483 | -€50,170 | -€74,653 | |
| Operating profit (loss) | 9901 | €20,794 | -€53,202 | -€73,995 | |
| Financial income | 75/76B | €10,669 | €9,110 | -€1,559 | -14.6% |
| Recurring financial income | 75 | €10,669 | €9,110 | -€1,559 | -14.6% |
| Financial charges | 65/66B | €2,755 | €2,436 | -€319 | -11.6% |
| Recurring financial charges | 65 | €2,755 | €2,436 | -€319 | -11.6% |
| Profit (loss) for the period before taxes | 9903 | €28,708 | -€46,528 | -€75,235 | |
| Income taxes | 67/77 | €5,963 | €0 | -€5,963 | -100% |
| Profit (loss) for the period | 9904 | €22,744 | -€46,528 | -€69,272 | |
| Profit (loss) for the period to be appropriated | 9905 | €22,744 | -€46,528 | -€69,272 |
Next steps
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 4 November 2026 via checked.be.