BC2X: 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.
BC2X
Largest movements
- Stocks and contracts -€7,592
down €7,592 (-13.6%), from €55,844 to €48,252
- Cash +€5,694
up €5,694 (+44.4%), from €12,818 to €18,512
mainly Depreciation (+€17,016) and Stocks and contracts (+€7,592)
- Receivables within one year -€4,263
down €4,263 (-35.3%), from €12,089 to €7,826
of which Trade receivables: -€4,263
- Tangible fixed assets -€2,605
down €2,605 (-3.4%), from €76,778 to €74,173
of which Furniture and vehicles: -€12,811
- Debts after one year -€12,220
down €12,220 (-37.1%), from €32,979 to €20,759
- Tax, wage and social debts +€5,878
up €5,878 (+78.3%), from €7,506 to €13,384
of which Taxes: +€5,859
- Trade debts -€5,855
down €5,855 (-90.3%), from €6,481 to €626
- Current portion of long-term debt -€4,325
down €4,325 (-25.1%), from €17,230 to €12,905
- Accrued charges and deferred income +€3,825
new in 2025: €3,825
- Gross operating margin -€16,861
down €16,861 (-41.9%), from €40,231 to €23,370
- Taxes -€5,493
down €5,493 (-73.3%), from €7,496 to €2,002
- Depreciation +€683
up €683 (+4.2%), from €16,333 to €17,016
- Financial charges -€480
down €480 (-30.3%), from €1,585 to €1,106
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 | €159,702 | €150,700 | -€9,002 | -5.6% |
| Fixed assets | 21/28 | €76,778 | €74,173 | -€2,605 | -3.4% |
| Tangible fixed assets | 22/27 | €76,778 | €74,173 | -€2,605 | -3.4% |
| Land and buildings | 22 | €38,594 | €48,893 | +€10,298 | +26.7% |
| Plant, machinery and equipment | 23 | €1,565 | €1,473 | -€92 | -5.9% |
| Furniture and vehicles | 24 | €36,618 | €23,808 | -€12,811 | -35.0% |
| Current assets | 29/58 | €82,924 | €76,527 | -€6,397 | -7.7% |
| Stocks and contracts in progress | 3 | €55,844 | €48,252 | -€7,592 | -13.6% |
| Stocks | 30/36 | €55,844 | €48,252 | -€7,592 | -13.6% |
| Amounts receivable within one year | 40/41 | €12,089 | €7,826 | -€4,263 | -35.3% |
| Trade receivables | 40 | €12,089 | €7,826 | -€4,263 | -35.3% |
| Other amounts receivable | 41 | €0 | - | = | |
| Cash at bank and in hand | 54/58 | €12,818 | €18,512 | +€5,694 | +44.4% |
| Deferred charges and accrued income | 490/1 | €2,174 | €1,937 | -€237 | -10.9% |
| Total equity and liabilities | 10/49 | €159,702 | €150,700 | -€9,002 | -5.6% |
| Equity | 10/15 | €44,918 | €47,474 | +€2,556 | +5.7% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €38,718 | €41,274 | +€2,556 | +6.6% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €36,858 | €39,414 | +€2,556 | +6.9% |
| Amounts payable | 17/49 | €114,784 | €103,226 | -€11,558 | -10.1% |
| Amounts payable after more than one year | 17 | €32,979 | €20,759 | -€12,220 | -37.1% |
| Financial debts | 170/4 | €32,979 | €20,759 | -€12,220 | -37.1% |
| Amounts payable within one year | 42/48 | €81,805 | €78,642 | -€3,163 | -3.9% |
| Current portion of amounts payable after more than one year | 42 | €17,230 | €12,905 | -€4,325 | -25.1% |
| Trade debts | 44 | €6,481 | €626 | -€5,855 | -90.3% |
| Suppliers | 440/4 | €6,481 | €626 | -€5,855 | -90.3% |
| Taxes, remuneration and social security | 45 | €7,506 | €13,384 | +€5,878 | +78.3% |
| Taxes | 450/3 | €5,415 | €11,273 | +€5,859 | +108.2% |
| Remuneration and social security | 454/9 | €2,092 | €2,111 | +€19 | +0.9% |
| Other amounts payable | 47/48 | €50,588 | €51,727 | +€1,139 | +2.3% |
| Accrued charges and deferred income | 492/3 | - | €3,825 | +€3,825 | |
| Non-recurring operating income | 76A | €1,653 | €0 | -€1,653 | -100.0% |
| Remuneration, social security and pensions | 62 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €16,333 | €17,016 | +€683 | +4.2% |
| Other operating charges | 640/8 | €669 | €691 | +€21 | +3.2% |
| Gross operating margin | 9900 | €40,231 | €23,370 | -€16,861 | -41.9% |
| Operating profit (loss) | 9901 | €23,229 | €5,664 | -€17,565 | -75.6% |
| Financial income | 75/76B | €1 | €0 | -€1 | -100.0% |
| Recurring financial income | 75 | €1 | €0 | -€1 | -100.0% |
| Financial charges | 65/66B | €1,585 | €1,106 | -€480 | -30.3% |
| Recurring financial charges | 65 | €1,585 | €1,106 | -€480 | -30.3% |
| Profit (loss) for the period before taxes | 9903 | €21,645 | €4,558 | -€17,087 | -78.9% |
| Income taxes | 67/77 | €7,496 | €2,002 | -€5,493 | -73.3% |
| Profit (loss) for the period | 9904 | €14,149 | €2,556 | -€11,593 | -81.9% |
| Profit (loss) for the period to be appropriated | 9905 | €14,149 | €2,556 | -€11,593 | -81.9% |
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 5 October 2026 via checked.be.