BCDR: 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.
BCDR
Largest movements
- Receivables within one year +€2,829
up €2,829 (+7.1%), from €39,638 to €42,467
of which Trade receivables: +€1,745
- Tangible fixed assets -€2,654
down €2,654 (-16.8%), from €15,801 to €13,147
of which Plant, machinery and equipment: -€2,654
- Cash +€2,106
up €2,106 (+1045.1%), from €201 to €2,307
mainly Trade debts (+€77,022) and Other debts (+€2,815)
- Trade debts +€77,022
up €77,022 (+99.2%), from €77,647 to €154,668
- Profit (loss) carried forward -€71,730
down €71,730 (-12.7%), from -€566,737 to -€638,467
- Tax, wage and social debts -€5,418
down €5,418 (-100.0%), from €5,418 to €0
- Other debts +€2,815
up €2,815 (+1.3%), from €222,384 to €225,199
- Gross operating margin -€18,582
down €18,582 (-39.0%), from -€47,672 to -€66,254
- Financial charges -€1,158
down €1,158 (-37.2%), from €3,112 to €1,954
- Depreciation -€685
down €685 (-20.5%), from €3,339 to €2,654
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 | €55,640 | €57,921 | +€2,281 | +4.1% |
| Fixed assets | 21/28 | €15,801 | €13,147 | -€2,654 | -16.8% |
| Tangible fixed assets | 22/27 | €15,801 | €13,147 | -€2,654 | -16.8% |
| Plant, machinery and equipment | 23 | €15,801 | €13,147 | -€2,654 | -16.8% |
| Other tangible fixed assets | 26 | €0 | - | = | |
| Current assets | 29/58 | €39,839 | €44,774 | +€4,935 | +12.4% |
| Amounts receivable within one year | 40/41 | €39,638 | €42,467 | +€2,829 | +7.1% |
| Trade receivables | 40 | €39,061 | €40,805 | +€1,745 | +4.5% |
| Other amounts receivable | 41 | €577 | €1,661 | +€1,084 | +188.0% |
| Cash at bank and in hand | 54/58 | €201 | €2,307 | +€2,106 | +1045.1% |
| Total equity and liabilities | 10/49 | €55,640 | €57,921 | +€2,281 | +4.1% |
| Equity | 10/15 | -€560,537 | -€632,267 | -€71,730 | -12.8% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€566,737 | -€638,467 | -€71,730 | -12.7% |
| Amounts payable | 17/49 | €616,176 | €690,187 | +€74,011 | +12.0% |
| Amounts payable after more than one year | 17 | €309,722 | €309,658 | -€65 | 0.0% |
| Financial debts | 170/4 | €184,250 | €184,250 | = | 0.0% |
| Other amounts payable | 178/9 | €125,472 | €125,408 | -€65 | -0.1% |
| Amounts payable within one year | 42/48 | €305,792 | €379,868 | +€74,076 | +24.2% |
| Financial debts | 43 | €344 | €0 | -€344 | -100.0% |
| Credit institutions | 430/8 | €344 | €0 | -€344 | -100.0% |
| Trade debts | 44 | €77,647 | €154,668 | +€77,022 | +99.2% |
| Suppliers | 440/4 | €77,647 | €154,668 | +€77,022 | +99.2% |
| Taxes, remuneration and social security | 45 | €5,418 | €0 | -€5,418 | -100.0% |
| Taxes | 450/3 | €5,418 | €0 | -€5,418 | -100.0% |
| Other amounts payable | 47/48 | €222,384 | €225,199 | +€2,815 | +1.3% |
| Accrued charges and deferred income | 492/3 | €662 | €662 | = | 0.0% |
| Remuneration, social security and pensions | 62 | €375 | €348 | -€26 | -7.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,339 | €2,654 | -€685 | -20.5% |
| Other operating charges | 640/8 | €1,110 | €520 | -€591 | -53.2% |
| Gross operating margin | 9900 | -€47,672 | -€66,254 | -€18,582 | -39.0% |
| Operating profit (loss) | 9901 | -€52,496 | -€69,776 | -€17,280 | -32.9% |
| Financial income | 75/76B | €12 | €0 | -€12 | -100.0% |
| Recurring financial income | 75 | €12 | €0 | -€12 | -100.0% |
| Financial charges | 65/66B | €3,112 | €1,954 | -€1,158 | -37.2% |
| Recurring financial charges | 65 | €3,112 | €1,954 | -€1,158 | -37.2% |
| Profit (loss) for the period before taxes | 9903 | -€55,596 | -€71,730 | -€16,134 | -29.0% |
| Profit (loss) for the period | 9904 | -€55,596 | -€71,730 | -€16,134 | -29.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€55,596 | -€71,730 | -€16,134 | -29.0% |
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.