BC3O: 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.
BC3O
Largest movements
- Tangible fixed assets +€143,517
up €143,517 (+1278.3%), from €11,227 to €154,744
of which Land and buildings: +€142,827
- Receivables within one year -€12,787
down €12,787 (-7.9%), from €161,242 to €148,456
of which Trade receivables: -€119,384
- Cash -€5,795
down €5,795 (-19.4%), from €29,886 to €24,091
mainly Investment in fixed assets (net) (-€152,659) and Contributions, distributions and other (-€88,765)
- Debts after one year +€131,156
new in 2025: €131,156
- Other debts -€11,360
down €11,360 (-66.3%), from €17,130 to €5,770
- Current portion of long-term debt +€5,118
new in 2025: €5,118
- Gross operating margin +€11,458
up €11,458 (+8.9%), from €128,644 to €140,101
- Financial charges +€5,057
up €5,057 (+426.6%), from €1,185 to €6,243
- Depreciation +€4,921
up €4,921 (+116.6%), from €4,222 to €9,143
- Financial income +€2,950
up €2,950 (+4916833.3%), from €0 to €2,950
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 | €278,356 | €403,291 | +€124,934 | +44.9% |
| Fixed assets | 21/28 | €11,227 | €154,744 | +€143,517 | +1278.3% |
| Tangible fixed assets | 22/27 | €11,227 | €154,744 | +€143,517 | +1278.3% |
| Land and buildings | 22 | €5,383 | €148,211 | +€142,827 | +2653.2% |
| Plant, machinery and equipment | 23 | €2,327 | €3,819 | +€1,492 | +64.1% |
| Furniture and vehicles | 24 | €3,518 | €2,714 | -€803 | -22.8% |
| Current assets | 29/58 | €267,129 | €248,547 | -€18,582 | -7.0% |
| Amounts receivable within one year | 40/41 | €161,242 | €148,456 | -€12,787 | -7.9% |
| Trade receivables | 40 | €141,219 | €21,835 | -€119,384 | -84.5% |
| Other amounts receivable | 41 | €20,023 | €126,621 | +€106,598 | +532.4% |
| Current investments | 50/53 | €76,000 | €76,000 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €29,886 | €24,091 | -€5,795 | -19.4% |
| Total equity and liabilities | 10/49 | €278,356 | €403,291 | +€124,934 | +44.9% |
| Equity | 10/15 | €255,985 | €252,423 | -€3,562 | -1.4% |
| Contributions | 10/11 | €1,200 | €1,200 | = | 0.0% |
| Reserves | 13 | €254,785 | €251,223 | -€3,562 | -1.4% |
| Distributable reserves | 133 | €254,785 | €251,223 | -€3,562 | -1.4% |
| Amounts payable | 17/49 | €22,371 | €150,867 | +€128,496 | +574.4% |
| Amounts payable after more than one year | 17 | - | €131,156 | +€131,156 | |
| Financial debts | 170/4 | - | €131,156 | +€131,156 | |
| Amounts payable within one year | 42/48 | €21,570 | €19,712 | -€1,859 | -8.6% |
| Current portion of amounts payable after more than one year | 42 | - | €5,118 | +€5,118 | |
| Financial debts | 43 | - | €201 | +€201 | |
| Credit institutions | 430/8 | - | €201 | +€201 | |
| Trade debts | 44 | €1,469 | €4,180 | +€2,711 | +184.6% |
| Suppliers | 440/4 | €1,469 | €4,180 | +€2,711 | +184.6% |
| Taxes, remuneration and social security | 45 | €2,972 | €4,443 | +€1,472 | +49.5% |
| Taxes | 450/3 | - | €4,443 | +€4,443 | |
| Remuneration and social security | 454/9 | €2,972 | - | -€2,972 | |
| Other amounts payable | 47/48 | €17,130 | €5,770 | -€11,360 | -66.3% |
| Accrued charges and deferred income | 492/3 | €801 | - | -€801 | |
| Remuneration, social security and pensions | 62 | €17,337 | €17,100 | -€237 | -1.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,222 | €9,143 | +€4,921 | +116.6% |
| Other operating charges | 640/8 | €1,410 | €1,843 | +€433 | +30.7% |
| Gross operating margin | 9900 | €128,644 | €140,101 | +€11,458 | +8.9% |
| Operating profit (loss) | 9901 | €105,675 | €112,016 | +€6,340 | +6.0% |
| Financial income | 75/76B | €0 | €2,950 | +€2,950 | +4916833.3% |
| Recurring financial income | 75 | €0 | €2,950 | +€2,950 | +4916833.3% |
| Financial charges | 65/66B | €1,185 | €6,243 | +€5,057 | +426.6% |
| Recurring financial charges | 65 | €1,185 | €6,243 | +€5,057 | +426.6% |
| Profit (loss) for the period before taxes | 9903 | €104,490 | €108,723 | +€4,233 | +4.1% |
| Income taxes | 67/77 | €22,606 | €23,520 | +€914 | +4.0% |
| Profit (loss) for the period | 9904 | €81,884 | €85,203 | +€3,319 | +4.1% |
| Profit (loss) for the period to be appropriated | 9905 | €81,884 | €85,203 | +€3,319 | +4.1% |
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 8 October 2026 via checked.be.