BCD & PARTNERS: 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.
BCD & PARTNERS
Largest movements
- Receivables within one year -€210,543
down €210,543 (-88.0%), from €239,310 to €28,767
of which Other amounts receivable: -€239,000
- Tangible fixed assets -€60,734
down €60,734 (-8.7%), from €696,605 to €635,872
of which Land and buildings: -€52,322
- Cash -€31,978
down €31,978 (-62.1%), from €51,480 to €19,502
mainly Other debts (-€290,000) and Debts after one year (-€49,236)
- Other debts -€290,000
down €290,000 (-93.5%), from €310,000 to €20,000
- Profit (loss) carried forward +€67,761
up €67,761 (+122.0%), from €55,560 to €123,320
- Debts after one year -€49,236
down €49,236 (-13.3%), from €370,880 to €321,644
- Accrued charges and deferred income -€32,551
down €32,551 (-60.4%), from €53,916 to €21,365
- Financial charges -€33,497
down €33,497 (-54.5%), from €61,489 to €27,992
- Taxes +€24,801
up €24,801 (+2963.3%), from €837 to €25,638
- Depreciation -€17,420
down €17,420 (-21.4%), from €81,523 to €64,103
- Gross operating margin -€7,893
down €7,893 (-4.8%), from €162,771 to €154,878
- Financial income +€6,487
up €6,487 (+18.6%), from €34,940 to €41,427
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 | €1,072,995 | €769,740 | -€303,255 | -28.3% |
| Fixed assets | 21/28 | €782,205 | €721,472 | -€60,734 | -7.8% |
| Tangible fixed assets | 22/27 | €696,605 | €635,872 | -€60,734 | -8.7% |
| Land and buildings | 22 | €677,666 | €625,344 | -€52,322 | -7.7% |
| Plant, machinery and equipment | 23 | €18,940 | €10,527 | -€8,412 | -44.4% |
| Financial fixed assets | 28 | €85,600 | €85,600 | = | 0.0% |
| Current assets | 29/58 | €290,790 | €48,269 | -€242,521 | -83.4% |
| Amounts receivable within one year | 40/41 | €239,310 | €28,767 | -€210,543 | -88.0% |
| Trade receivables | 40 | €310 | €28,767 | +€28,457 | +9190.4% |
| Other amounts receivable | 41 | €239,000 | - | -€239,000 | |
| Cash at bank and in hand | 54/58 | €51,480 | €19,502 | -€31,978 | -62.1% |
| Total equity and liabilities | 10/49 | €1,072,995 | €769,740 | -€303,255 | -28.3% |
| Equity | 10/15 | €280,560 | €348,320 | +€67,761 | +24.2% |
| Contributions | 10/11 | €225,000 | €225,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €55,560 | €123,320 | +€67,761 | +122.0% |
| Amounts payable | 17/49 | €792,436 | €421,420 | -€371,016 | -46.8% |
| Amounts payable after more than one year | 17 | €370,880 | €321,644 | -€49,236 | -13.3% |
| Financial debts | 170/4 | €370,880 | €321,644 | -€49,236 | -13.3% |
| Amounts payable within one year | 42/48 | €367,640 | €78,411 | -€289,229 | -78.7% |
| Current portion of amounts payable after more than one year | 42 | €51,795 | €49,236 | -€2,559 | -4.9% |
| Trade debts | 44 | €5,076 | €3,606 | -€1,470 | -29.0% |
| Suppliers | 440/4 | €5,076 | €3,606 | -€1,470 | -29.0% |
| Taxes, remuneration and social security | 45 | €768 | €5,569 | +€4,800 | +624.7% |
| Taxes | 450/3 | €768 | €5,569 | +€4,800 | +624.7% |
| Other amounts payable | 47/48 | €310,000 | €20,000 | -€290,000 | -93.5% |
| Accrued charges and deferred income | 492/3 | €53,916 | €21,365 | -€32,551 | -60.4% |
| Remuneration, social security and pensions | 62 | €5,083 | €6,864 | +€1,781 | +35.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €81,523 | €64,103 | -€17,420 | -21.4% |
| Other operating charges | 640/8 | €3,806 | €3,947 | +€142 | +3.7% |
| Gross operating margin | 9900 | €162,771 | €154,878 | -€7,893 | -4.8% |
| Operating profit (loss) | 9901 | €72,359 | €79,964 | +€7,605 | +10.5% |
| Financial income | 75/76B | €34,940 | €41,427 | +€6,487 | +18.6% |
| Recurring financial income | 75 | €34,940 | €41,427 | +€6,487 | +18.6% |
| Financial charges | 65/66B | €61,489 | €27,992 | -€33,497 | -54.5% |
| Recurring financial charges | 65 | €61,489 | €27,992 | -€33,497 | -54.5% |
| Profit (loss) for the period before taxes | 9903 | €45,811 | €93,399 | +€47,588 | +103.9% |
| Income taxes | 67/77 | €837 | €25,638 | +€24,801 | +2963.3% |
| Profit (loss) for the period | 9904 | €44,974 | €67,761 | +€22,787 | +50.7% |
| Profit (loss) for the period to be appropriated | 9905 | €44,974 | €67,761 | +€22,787 | +50.7% |
Source: filed annual accounts (NBB), fiscal years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.