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BCD: 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.

What changed

BCD

BE 0823.567.810
NACE 64.210, Activities of holding companies
fiscal year 2023 against 2024filed annual accounts (NBB)
Net result for the year
€2,299
2023 · €7,435-€5,136
Equity
€117,017
2023 · €114,717+€2,299
Cash
€1,456
2023 · €4,603-€3,146
Balance sheet total
€612,856
2023 · €638,457-€25,602

Largest movements

2023 to 2024
Assets
  • Tangible fixed assets -€16,139

    down €16,139 (-2.7%), from €596,739 to €580,600

Equity and liabilities
  • Debts after one year -€37,180

    down €37,180 (-12.7%), from €292,300 to €255,119

  • Other debts +€6,932

    up €6,932 (+3.6%), from €193,028 to €199,961

Income statement
  • Gross operating margin -€6,054

    down €6,054 (-13.3%), from €45,689 to €39,635

  • Financial charges -€1,641

    down €1,641 (-9.2%), from €17,904 to €16,264

  • Other operating charges +€457

    up €457 (+11.0%), from €4,166 to €4,623

From the 2023 result to the 2024 result

effect on the 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.

Result 2023 €7,435
Gross operating margin -€6,054
Other operating charges -€457
Financial income +€51
Financial charges +€1,641
Taxes -€315
Result 2024 €2,299

Cash bridge derived

cash 2023 to 2024

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.

From operations +€32,223
Investment €0
Financing -€35,369
Cash 2023 €4,603
Net result for the year +€2,299
Depreciation +€16,139
Receivables within one year +€6,247
Deferred charges and accrued income +€70
Trade debts -€235
Tax, wage and social debts +€772
Other debts +€6,932
Debts after one year -€37,180
Current portion of long-term debt +€1,811
Cash 2024 €1,456
Every line side by side 37 lines
Line Code 2023 2024 Change %
Total assets 20/58 €638,457 €612,856 -€25,602 -4.0%
Fixed assets 21/28 €596,739 €580,600 -€16,139 -2.7%
Tangible fixed assets 22/27 €596,739 €580,600 -€16,139 -2.7%
Land and buildings 22 €596,739 €580,600 -€16,139 -2.7%
Current assets 29/58 €41,719 €32,256 -€9,463 -22.7%
Amounts receivable within one year 40/41 €35,610 €29,363 -€6,247 -17.5%
Trade receivables 40 €35,553 €29,363 -€6,190 -17.4%
Other amounts receivable 41 €57 €0 -€57 -100.0%
Cash at bank and in hand 54/58 €4,603 €1,456 -€3,146 -68.4%
Deferred charges and accrued income 490/1 €1,506 €1,437 -€70 -4.6%
Total equity and liabilities 10/49 €638,457 €612,856 -€25,602 -4.0%
Equity 10/15 €114,717 €117,017 +€2,299 +2.0%
Contributions 10/11 €210,000 €210,000 = 0.0%
Profit (loss) carried forward 14 -€95,283 -€92,983 +€2,299 +2.4%
Amounts payable 17/49 €523,740 €495,839 -€27,901 -5.3%
Amounts payable after more than one year 17 €292,300 €255,119 -€37,180 -12.7%
Financial debts 170/4 €292,300 €255,119 -€37,180 -12.7%
Amounts payable within one year 42/48 €230,310 €239,589 +€9,279 +4.0%
Current portion of amounts payable after more than one year 42 €35,369 €37,180 +€1,811 +5.1%
Trade debts 44 €1,700 €1,464 -€235 -13.8%
Suppliers 440/4 €1,700 €1,464 -€235 -13.8%
Taxes, remuneration and social security 45 €212 €984 +€772 +363.3%
Taxes 450/3 €212 €984 +€772 +363.3%
Other amounts payable 47/48 €193,028 €199,961 +€6,932 +3.6%
Accrued charges and deferred income 492/3 €1,130 €1,130 = 0.0%
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets 630 €16,139 €16,139 = 0.0%
Other operating charges 640/8 €4,166 €4,623 +€457 +11.0%
Gross operating margin 9900 €45,689 €39,635 -€6,054 -13.3%
Operating profit (loss) 9901 €25,385 €18,873 -€6,512 -25.7%
Financial income 75/76B €0 €51 +€51 +508500.0%
Recurring financial income 75 €0 €51 +€51 +508500.0%
Financial charges 65/66B €17,904 €16,264 -€1,641 -9.2%
Recurring financial charges 65 €17,904 €16,264 -€1,641 -9.2%
Profit (loss) for the period before taxes 9903 €7,480 €2,660 -€4,820 -64.4%
Income taxes 67/77 €45 €361 +€315 +699.0%
Profit (loss) for the period 9904 €7,435 €2,299 -€5,136 -69.1%
Profit (loss) for the period to be appropriated 9905 €7,435 €2,299 -€5,136 -69.1%

Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 29 September 2026 via checked.be.