BCE Immobilier: 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.
BCE Immobilier
Largest movements
- Stocks and contracts -€217,495
down €217,495 (-59.3%), from €366,624 to €149,129
- Cash -€93,478
down €93,478 (-97.8%), from €95,560 to €2,082
mainly Debts after one year (-€280,000) and Tax, wage and social debts (-€54,510)
- Debts after one year -€280,000
down €280,000 (-67.6%), from €414,500 to €134,500
- Tax, wage and social debts -€54,510
down €54,510 (-99.1%), from €55,000 to €490
- Profit (loss) carried forward +€16,812
no longer reported in 2025 (was -€16,812)
- Reserves +€4,785
new in 2025: €4,785
- Gross operating margin -€37,783
down €37,783 (-60.9%), from €62,087 to €24,303
- Financial charges -€26,241
no longer reported in 2025 (was €26,241)
- Taxes +€2,490
new in 2025: €2,490
- Financial income -€2,225
down €2,225 (-84.8%), from €2,625 to €400
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 | €465,968 | €152,028 | -€313,940 | -67.4% |
| Fixed assets | 21/28 | €500 | €500 | = | 0.0% |
| Financial fixed assets | 28 | €500 | €500 | = | 0.0% |
| Current assets | 29/58 | €465,468 | €151,528 | -€313,940 | -67.4% |
| Stocks and contracts in progress | 3 | €366,624 | €149,129 | -€217,495 | -59.3% |
| Stocks | 30/36 | €366,624 | €149,129 | -€217,495 | -59.3% |
| Amounts receivable within one year | 40/41 | €2,217 | €317 | -€1,900 | -85.7% |
| Trade receivables | 40 | €2,217 | - | -€2,217 | |
| Other amounts receivable | 41 | - | €317 | +€317 | |
| Cash at bank and in hand | 54/58 | €95,560 | €2,082 | -€93,478 | -97.8% |
| Deferred charges and accrued income | 490/1 | €1,066 | - | -€1,066 | |
| Total equity and liabilities | 10/49 | €465,968 | €152,028 | -€313,940 | -67.4% |
| Equity | 10/15 | -€4,812 | €16,785 | +€21,597 | |
| Contributions | 10/11 | €12,000 | €12,000 | = | 0.0% |
| Reserves | 13 | - | €4,785 | +€4,785 | |
| Distributable reserves | 133 | - | €4,785 | +€4,785 | |
| Profit (loss) carried forward | 14 | -€16,812 | - | +€16,812 | |
| Amounts payable | 17/49 | €470,780 | €135,243 | -€335,537 | -71.3% |
| Amounts payable after more than one year | 17 | €414,500 | €134,500 | -€280,000 | -67.6% |
| Financial debts | 170/4 | €414,500 | €134,500 | -€280,000 | -67.6% |
| Amounts payable within one year | 42/48 | €56,280 | €743 | -€55,537 | -98.7% |
| Trade debts | 44 | €1,133 | €106 | -€1,027 | -90.6% |
| Suppliers | 440/4 | €1,133 | €106 | -€1,027 | -90.6% |
| Taxes, remuneration and social security | 45 | €55,000 | €490 | -€54,510 | -99.1% |
| Taxes | 450/3 | €55,000 | €490 | -€54,510 | -99.1% |
| Other amounts payable | 47/48 | €147 | €147 | = | 0.0% |
| Other operating charges | 640/8 | €701 | €616 | -€84 | -12.0% |
| Gross operating margin | 9900 | €62,087 | €24,303 | -€37,783 | -60.9% |
| Operating profit (loss) | 9901 | €61,386 | €23,687 | -€37,699 | -61.4% |
| Financial income | 75/76B | €2,625 | €400 | -€2,225 | -84.8% |
| Recurring financial income | 75 | €2,625 | €400 | -€2,225 | -84.8% |
| Financial charges | 65/66B | €26,241 | - | -€26,241 | |
| Recurring financial charges | 65 | €26,241 | - | -€26,241 | |
| Profit (loss) for the period before taxes | 9903 | €37,770 | €24,087 | -€13,683 | -36.2% |
| Income taxes | 67/77 | - | €2,490 | +€2,490 | |
| Profit (loss) for the period | 9904 | €37,770 | €21,597 | -€16,173 | -42.8% |
| Profit (loss) for the period to be appropriated | 9905 | €37,770 | €21,597 | -€16,173 | -42.8% |
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 27 October 2026 via checked.be.