BC RETAILPROJECT: 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 RETAILPROJECT
Largest movements
- Receivables within one year +€1.2m
up €1.2m (+126%), from €971,177 to €2.2m
of which Trade receivables: +€1.3m
- Stocks and contracts -€159,304
down €159,304 (-20.2%), from €790,534 to €631,230
of which Contracts in progress: -€287,750
- Intangible fixed assets +€64,962
new in 2024: €64,962
- Cash -€35,640
down €35,640 (-40.7%), from €87,596 to €51,956
mainly Receivables within one year (-€1.2m) and Advances received (-€363,630)
- Trade debts +€819,920
up €819,920 (+213%), from €385,613 to €1.2m
- Advances received -€363,630
down €363,630 (-100%), from €363,630 to €0
- Other debts +€265,830
up €265,830 (+108%), from €247,111 to €512,940
- Profit (loss) carried forward +€238,048
up €238,048 (+58.5%), from €407,155 to €645,202
- Current portion of long-term debt +€141,003
new in 2024: €141,003
- Provisions -€81,570
down €81,570 (-100%), from €81,570 to €0
- Staff costs +€28,856
up €28,856 (+8.8%), from €329,342 to €358,198
- Gross operating margin -€17,621
down €17,621 (-2.3%), from €750,753 to €733,132
- Financial charges +€14,066
up €14,066 (+431%), from €3,263 to €17,329
- Taxes +€12,932
up €12,932 (+17.5%), from €74,102 to €87,034
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,869,515 | €2,960,928 | +€1.1m | +58.4% |
| Fixed assets | 21/28 | €20,209 | €79,423 | +€59,215 | +293% |
| Intangible fixed assets | 21 | - | €64,962 | +€64,962 | |
| Tangible fixed assets | 22/27 | €20,209 | €14,461 | -€5,748 | -28.4% |
| Plant, machinery and equipment | 23 | €8,933 | €7,426 | -€1,507 | -16.9% |
| Furniture and vehicles | 24 | €11,276 | €7,035 | -€4,241 | -37.6% |
| Current assets | 29/58 | €1,849,307 | €2,881,504 | +€1.0m | +55.8% |
| Stocks and contracts in progress | 3 | €790,534 | €631,230 | -€159,304 | -20.2% |
| Stocks | 30/36 | €502,784 | €631,230 | +€128,446 | +25.5% |
| Contracts in progress | 37 | €287,750 | €0 | -€287,750 | -100% |
| Amounts receivable within one year | 40/41 | €971,177 | €2,198,318 | +€1.2m | +126% |
| Trade receivables | 40 | €732,577 | €2,038,053 | +€1.3m | +178% |
| Other amounts receivable | 41 | €238,600 | €160,266 | -€78,334 | -32.8% |
| Cash at bank and in hand | 54/58 | €87,596 | €51,956 | -€35,640 | -40.7% |
| Total equity and liabilities | 10/49 | €1,869,515 | €2,960,928 | +€1.1m | +58.4% |
| Equity | 10/15 | €437,155 | €675,202 | +€238,048 | +54.5% |
| Contributions | 10/11 | €30,000 | €30,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €407,155 | €645,202 | +€238,048 | +58.5% |
| Provisions and deferred taxes | 16 | €155,035 | €155,035 | = | 0.0% |
| Provisions for liabilities and charges | 160/5 | €155,035 | €155,035 | = | 0.0% |
| Major repairs and maintenance | 162 | €155,035 | €155,035 | = | 0.0% |
| Amounts payable | 17/49 | €1,277,325 | €2,130,690 | +€853,365 | +66.8% |
| Amounts payable after more than one year | 17 | - | €64,091 | +€64,091 | |
| Financial debts | 170/4 | - | €64,091 | +€64,091 | |
| Amounts payable within one year | 42/48 | €1,277,325 | €2,066,599 | +€789,273 | +61.8% |
| Current portion of amounts payable after more than one year | 42 | - | €141,003 | +€141,003 | |
| Trade debts | 44 | €385,613 | €1,205,533 | +€819,920 | +213% |
| Suppliers | 440/4 | €385,613 | €1,205,533 | +€819,920 | +213% |
| Advances received on contracts in progress | 46 | €363,630 | €0 | -€363,630 | -100% |
| Taxes, remuneration and social security | 45 | €280,972 | €207,122 | -€73,850 | -26.3% |
| Taxes | 450/3 | €226,671 | €161,861 | -€64,810 | -28.6% |
| Remuneration and social security | 454/9 | €54,300 | €45,261 | -€9,040 | -16.6% |
| Other amounts payable | 47/48 | €247,111 | €512,940 | +€265,830 | +108% |
| Remuneration, social security and pensions | 62 | €329,342 | €358,198 | +€28,856 | +8.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,789 | €9,870 | +€8,081 | +452% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | €81,570 | €0 | -€81,570 | -100% |
| Other operating charges | 640/8 | €14,262 | €2,565 | -€11,697 | -82.0% |
| Non-recurring operating charges | 66A | - | €20,149 | +€20,149 | |
| Gross operating margin | 9900 | €750,753 | €733,132 | -€17,621 | -2.3% |
| Operating profit (loss) | 9901 | €323,790 | €342,349 | +€18,560 | +5.7% |
| Financial income | 75/76B | €834 | €61 | -€773 | -92.7% |
| Recurring financial income | 75 | €834 | €61 | -€773 | -92.7% |
| Financial charges | 65/66B | €3,263 | €17,329 | +€14,066 | +431% |
| Recurring financial charges | 65 | €3,263 | €17,329 | +€14,066 | +431% |
| Profit (loss) for the period before taxes | 9903 | €321,361 | €325,082 | +€3,721 | +1.2% |
| Income taxes | 67/77 | €74,102 | €87,034 | +€12,932 | +17.5% |
| Profit (loss) for the period | 9904 | €247,259 | €238,048 | -€9,211 | -3.7% |
| Profit (loss) for the period to be appropriated | 9905 | €247,259 | €238,048 | -€9,211 | -3.7% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 17 October 2026 via checked.be.