BCD FINANCE: 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 FINANCE
Largest movements
- Tangible fixed assets +€171,659
up €171,659 (+1184.5%), from €14,493 to €186,152
of which Furniture and vehicles: +€179,081
- Intangible fixed assets -€69,082
down €69,082 (-17.6%), from €391,829 to €322,747
- Current investments +€39,472
up €39,472 (+38.6%), from €102,201 to €141,673
- Cash +€19,632
up €19,632 (+12.9%), from €152,303 to €171,935
mainly Net result for the year (+€155,407) and Depreciation (+€101,934)
- Profit (loss) carried forward +€155,407
up €155,407 (+37.2%), from €417,378 to €572,785
- Debts after one year +€59,186
up €59,186 (+232.0%), from €25,507 to €84,693
- Other debts -€59,000
no longer reported in 2025 (was €59,000)
- Current portion of long-term debt +€42,123
up €42,123 (+114.6%), from €36,765 to €78,888
- Tax, wage and social debts -€12,888
down €12,888 (-33.2%), from €38,781 to €25,893
- Depreciation +€21,151
up €21,151 (+26.2%), from €80,782 to €101,934
- Financial charges -€10,962
down €10,962 (-55.4%), from €19,772 to €8,810
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 | €670,087 | €834,006 | +€163,919 | +24.5% |
| Fixed assets | 21/28 | €406,321 | €508,899 | +€102,577 | +25.2% |
| Intangible fixed assets | 21 | €391,829 | €322,747 | -€69,082 | -17.6% |
| Tangible fixed assets | 22/27 | €14,493 | €186,152 | +€171,659 | +1184.5% |
| Land and buildings | 22 | €4,830 | €4,027 | -€803 | -16.6% |
| Plant, machinery and equipment | 23 | €9,663 | €3,044 | -€6,619 | -68.5% |
| Furniture and vehicles | 24 | - | €179,081 | +€179,081 | |
| Current assets | 29/58 | €263,766 | €325,107 | +€61,342 | +23.3% |
| Amounts receivable within one year | 40/41 | €8,012 | €11,499 | +€3,487 | +43.5% |
| Trade receivables | 40 | €1,436 | €1,587 | +€150 | +10.5% |
| Other amounts receivable | 41 | €6,575 | €9,913 | +€3,337 | +50.7% |
| Current investments | 50/53 | €102,201 | €141,673 | +€39,472 | +38.6% |
| Cash at bank and in hand | 54/58 | €152,303 | €171,935 | +€19,632 | +12.9% |
| Deferred charges and accrued income | 490/1 | €1,250 | - | -€1,250 | |
| Total equity and liabilities | 10/49 | €670,087 | €834,006 | +€163,919 | +24.5% |
| Equity | 10/15 | €467,378 | €622,785 | +€155,407 | +33.3% |
| Contributions | 10/11 | €50,000 | €50,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €417,378 | €572,785 | +€155,407 | +37.2% |
| Amounts payable | 17/49 | €202,710 | €211,221 | +€8,511 | +4.2% |
| Amounts payable after more than one year | 17 | €25,507 | €84,693 | +€59,186 | +232.0% |
| Financial debts | 170/4 | €25,507 | €84,693 | +€59,186 | +232.0% |
| Amounts payable within one year | 42/48 | €153,809 | €115,895 | -€37,914 | -24.7% |
| Current portion of amounts payable after more than one year | 42 | €36,765 | €78,888 | +€42,123 | +114.6% |
| Trade debts | 44 | €19,263 | €11,114 | -€8,149 | -42.3% |
| Suppliers | 440/4 | €19,263 | €11,114 | -€8,149 | -42.3% |
| Taxes, remuneration and social security | 45 | €38,781 | €25,893 | -€12,888 | -33.2% |
| Remuneration and social security | 454/9 | €38,781 | €25,893 | -€12,888 | -33.2% |
| Other amounts payable | 47/48 | €59,000 | - | -€59,000 | |
| Accrued charges and deferred income | 492/3 | €23,394 | €10,633 | -€12,761 | -54.5% |
| Remuneration, social security and pensions | 62 | €229,288 | €230,170 | +€882 | +0.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €80,782 | €101,934 | +€21,151 | +26.2% |
| Other operating charges | 640/8 | €2,643 | €528 | -€2,115 | -80.0% |
| Gross operating margin | 9900 | €547,923 | €546,508 | -€1,415 | -0.3% |
| Operating profit (loss) | 9901 | €235,209 | €213,877 | -€21,333 | -9.1% |
| Financial income | 75/76B | €10,742 | €5,813 | -€4,929 | -45.9% |
| Recurring financial income | 75 | €10,742 | €5,813 | -€4,929 | -45.9% |
| Financial charges | 65/66B | €19,772 | €8,810 | -€10,962 | -55.4% |
| Recurring financial charges | 65 | €19,772 | €8,810 | -€10,962 | -55.4% |
| Profit (loss) for the period before taxes | 9903 | €226,180 | €210,880 | -€15,300 | -6.8% |
| Income taxes | 67/77 | €58,463 | €55,473 | -€2,991 | -5.1% |
| Profit (loss) for the period | 9904 | €167,716 | €155,407 | -€12,309 | -7.3% |
| Profit (loss) for the period to be appropriated | 9905 | €167,716 | €155,407 | -€12,309 | -7.3% |
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 10 October 2026 via checked.be.