BCD CONSULT: 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.
BCD CONSULT
Largest movements
- Financial fixed assets -€128,650
no longer reported in 2025 (was €128,650)
- Cash +€75,447
up €75,447 (+285%), from €26,501 to €101,948
mainly Investment in fixed assets (net) (+€128,129) and Net result for the year (+€35,543)
- Receivables within one year +€35,458
up €35,458 (+86.6%), from €40,947 to €76,405
of which Trade receivables: +€69,429
- Tangible fixed assets -€15,734
down €15,734 (-24.5%), from €64,207 to €48,473
of which Land and buildings: -€14,751
- Debts after one year -€30,250
down €30,250 (-26.4%), from €114,750 to €84,500
- Reserves -€29,374
down €29,374 (-37.2%), from €78,966 to €49,591
- Other debts +€19,074
up €19,074 (+44.2%), from €43,147 to €62,222
- Tax, wage and social debts +€9,215
up €9,215 (+300%), from €3,071 to €12,286
of which Taxes: +€9,054
- Gross operating margin +€63,659
up €63,659 (+203%), from €31,428 to €95,088
- Write-downs +€22,750
new in 2025: €22,750
- Taxes +€10,244
up €10,244 (+570%), from €1,799 to €12,042
- Depreciation -€2,234
down €2,234 (-12.1%), from €18,489 to €16,255
- Financial income +€1,557
up €1,557 (+375%), from €415 to €1,972
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.
Derived cash bridge
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 | €261,973 | €229,066 | -€32,907 | -12.6% |
| Fixed assets | 21/28 | €192,857 | €48,473 | -€144,384 | -74.9% |
| Intangible fixed assets | 21 | - | €0 | = | |
| Tangible fixed assets | 22/27 | €64,207 | €48,473 | -€15,734 | -24.5% |
| Land and buildings | 22 | €58,983 | €44,232 | -€14,751 | -25.0% |
| Furniture and vehicles | 24 | €4,215 | €3,804 | -€411 | -9.7% |
| Other tangible fixed assets | 26 | €1,009 | €437 | -€572 | -56.7% |
| Financial fixed assets | 28 | €128,650 | - | -€128,650 | |
| Current assets | 29/58 | €69,116 | €180,593 | +€111,477 | +161% |
| Amounts receivable within one year | 40/41 | €40,947 | €76,405 | +€35,458 | +86.6% |
| Trade receivables | 40 | €5,947 | €75,376 | +€69,429 | +1,167% |
| Other amounts receivable | 41 | €35,000 | €1,029 | -€33,971 | -97.1% |
| Cash at bank and in hand | 54/58 | €26,501 | €101,948 | +€75,447 | +285% |
| Deferred charges and accrued income | 490/1 | €1,668 | €2,239 | +€572 | +34.3% |
| Total equity and liabilities | 10/49 | €261,973 | €229,066 | -€32,907 | -12.6% |
| Equity | 10/15 | €97,566 | €68,191 | -€29,374 | -30.1% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €78,966 | €49,591 | -€29,374 | -37.2% |
| Distributable reserves | 133 | €78,966 | €49,591 | -€29,374 | -37.2% |
| Amounts payable | 17/49 | €164,407 | €160,874 | -€3,533 | -2.1% |
| Amounts payable after more than one year | 17 | €114,750 | €84,500 | -€30,250 | -26.4% |
| Financial debts | 170/4 | €114,750 | €84,500 | -€30,250 | -26.4% |
| Amounts payable within one year | 42/48 | €46,272 | €74,623 | +€28,352 | +61.3% |
| Trade debts | 44 | €54 | €115 | +€62 | +116% |
| Suppliers | 440/4 | €54 | €115 | +€62 | +116% |
| Taxes, remuneration and social security | 45 | €3,071 | €12,286 | +€9,215 | +300% |
| Taxes | 450/3 | €3,071 | €12,125 | +€9,054 | +295% |
| Remuneration and social security | 454/9 | - | €161 | +€161 | |
| Other amounts payable | 47/48 | €43,147 | €62,222 | +€19,074 | +44.2% |
| Accrued charges and deferred income | 492/3 | €3,386 | €1,751 | -€1,635 | -48.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €18,489 | €16,255 | -€2,234 | -12.1% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €22,750 | +€22,750 | |
| Other operating charges | 640/8 | €3,260 | €3,791 | +€531 | +16.3% |
| Gross operating margin | 9900 | €31,428 | €95,088 | +€63,659 | +203% |
| Operating profit (loss) | 9901 | €9,679 | €52,292 | +€42,613 | +440% |
| Financial income | 75/76B | €415 | €1,972 | +€1,557 | +375% |
| Recurring financial income | 75 | €415 | €1,972 | +€1,557 | +375% |
| Financial charges | 65/66B | €7,026 | €6,678 | -€348 | -5.0% |
| Recurring financial charges | 65 | €7,026 | €6,678 | -€348 | -5.0% |
| Profit (loss) for the period before taxes | 9903 | €3,068 | €47,585 | +€44,517 | +1,451% |
| Income taxes | 67/77 | €1,799 | €12,042 | +€10,244 | +570% |
| Profit (loss) for the period | 9904 | €1,270 | €35,543 | +€34,274 | +2,700% |
| Profit (loss) for the period to be appropriated | 9905 | €1,270 | €35,543 | +€34,274 | +2,700% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 13 October 2026 via checked.be.