BCDF: 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.
BCDF
Largest movements
- Cash -€92,169
down €92,169 (-57.3%), from €160,991 to €68,822
mainly Contributions, distributions and other (-€150,000) and Investment in fixed assets (net) (-€13,840)
- Tangible fixed assets +€11,431
up €11,431 (+132.2%), from €8,645 to €20,076
of which Assets under construction and advance payments: +€13,840
- Reserves -€75,153
down €75,153 (-46.9%), from €160,231 to €85,077
- Tax, wage and social debts -€5,183
down €5,183 (-27.8%), from €18,629 to €13,446
of which Taxes: -€5,183
- Gross operating margin -€11,225
down €11,225 (-10.0%), from €111,959 to €100,734
- Taxes -€2,361
down €2,361 (-10.1%), from €23,467 to €21,107
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 | €191,865 | €110,597 | -€81,269 | -42.4% |
| Fixed assets | 21/28 | €8,645 | €20,076 | +€11,431 | +132.2% |
| Tangible fixed assets | 22/27 | €8,645 | €20,076 | +€11,431 | +132.2% |
| Plant, machinery and equipment | 23 | €4,650 | €3,568 | -€1,082 | -23.3% |
| Furniture and vehicles | 24 | €533 | €157 | -€376 | -70.6% |
| Other tangible fixed assets | 26 | €3,462 | €2,511 | -€951 | -27.5% |
| Assets under construction and advance payments | 27 | - | €13,840 | +€13,840 | |
| Current assets | 29/58 | €183,221 | €90,521 | -€92,700 | -50.6% |
| Amounts receivable within one year | 40/41 | €20,773 | €20,216 | -€557 | -2.7% |
| Trade receivables | 40 | €20,700 | €18,448 | -€2,252 | -10.9% |
| Other amounts receivable | 41 | €72 | €1,768 | +€1,695 | +2345.5% |
| Cash at bank and in hand | 54/58 | €160,991 | €68,822 | -€92,169 | -57.3% |
| Deferred charges and accrued income | 490/1 | €1,457 | €1,483 | +€26 | +1.8% |
| Total equity and liabilities | 10/49 | €191,865 | €110,597 | -€81,269 | -42.4% |
| Equity | 10/15 | €164,231 | €89,077 | -€75,153 | -45.8% |
| Contributions | 10/11 | €4,000 | €4,000 | = | 0.0% |
| Reserves | 13 | €160,231 | €85,077 | -€75,153 | -46.9% |
| Distributable reserves | 133 | €160,231 | €85,077 | -€75,153 | -46.9% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €27,635 | €21,519 | -€6,115 | -22.1% |
| Amounts payable within one year | 42/48 | €26,678 | €20,684 | -€5,994 | -22.5% |
| Trade debts | 44 | €968 | €889 | -€78 | -8.1% |
| Suppliers | 440/4 | €968 | €889 | -€78 | -8.1% |
| Taxes, remuneration and social security | 45 | €18,629 | €13,446 | -€5,183 | -27.8% |
| Taxes | 450/3 | €15,854 | €10,671 | -€5,183 | -32.7% |
| Remuneration and social security | 454/9 | €2,775 | €2,775 | = | 0.0% |
| Other amounts payable | 47/48 | €7,081 | €6,348 | -€733 | -10.3% |
| Accrued charges and deferred income | 492/3 | €957 | €835 | -€121 | -12.7% |
| Remuneration, social security and pensions | 62 | €500 | €250 | -€250 | -50.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,087 | €2,409 | +€322 | +15.4% |
| Other operating charges | 640/8 | €444 | €805 | +€361 | +81.4% |
| Gross operating margin | 9900 | €111,959 | €100,734 | -€11,225 | -10.0% |
| Operating profit (loss) | 9901 | €108,929 | €97,270 | -€11,659 | -10.7% |
| Financial income | 75/76B | €138 | €1,066 | +€928 | +671.9% |
| Recurring financial income | 75 | €138 | €1,066 | +€928 | +671.9% |
| Financial charges | 65/66B | €2,912 | €2,383 | -€529 | -18.2% |
| Recurring financial charges | 65 | €2,912 | €2,383 | -€529 | -18.2% |
| Profit (loss) for the period before taxes | 9903 | €106,155 | €95,953 | -€10,202 | -9.6% |
| Income taxes | 67/77 | €23,467 | €21,107 | -€2,361 | -10.1% |
| Profit (loss) for the period | 9904 | €82,688 | €74,847 | -€7,841 | -9.5% |
| Profit (loss) for the period to be appropriated | 9905 | €82,688 | €74,847 | -€7,841 | -9.5% |
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 9 October 2026 via checked.be.