BCF: 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.
BCF
Largest movements
- Tangible fixed assets -€61,428
down €61,428 (-69.8%), from €87,989 to €26,562
of which Furniture and vehicles: -€47,891
- Receivables within one year -€56,770
down €56,770 (-13.7%), from €414,880 to €358,110
of which Trade receivables: -€31,215
- Cash +€37,599
up €37,599 (+35.2%), from €106,827 to €144,426
mainly Receivables within one year (+€56,770) and Depreciation (+€37,858)
- Intangible fixed assets -€10,000
down €10,000 (-23.2%), from €43,142 to €33,142
- Profit (loss) carried forward -€71,037
down €71,037 (-183.9%), from -€38,620 to -€109,657
- Trade debts -€18,517
down €18,517 (-72.7%), from €25,477 to €6,960
- Gross operating margin -€84,312
down €84,312, from €67,219 to -€17,094
- Staff costs -€38,277
down €38,277 (-68.2%), from €56,162 to €17,885
- Depreciation -€14,903
down €14,903 (-28.2%), from €52,762 to €37,858
- Financial charges -€6,867
down €6,867 (-93.4%), from €7,355 to €488
- Taxes -€5,000
down €5,000, from €0 to -€5,000
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 | €667,518 | €571,963 | -€95,555 | -14.3% |
| Fixed assets | 21/28 | €135,482 | €64,054 | -€71,428 | -52.7% |
| Intangible fixed assets | 21 | €43,142 | €33,142 | -€10,000 | -23.2% |
| Tangible fixed assets | 22/27 | €87,989 | €26,562 | -€61,428 | -69.8% |
| Land and buildings | 22 | €0 | - | = | |
| Plant, machinery and equipment | 23 | €27,361 | €13,824 | -€13,537 | -49.5% |
| Furniture and vehicles | 24 | €60,628 | €12,737 | -€47,891 | -79.0% |
| Financial fixed assets | 28 | €4,350 | €4,350 | = | 0.0% |
| Current assets | 29/58 | €532,036 | €507,909 | -€24,128 | -4.5% |
| Amounts receivable within one year | 40/41 | €414,880 | €358,110 | -€56,770 | -13.7% |
| Trade receivables | 40 | €387,378 | €356,163 | -€31,215 | -8.1% |
| Other amounts receivable | 41 | €27,503 | €1,947 | -€25,556 | -92.9% |
| Current investments | 50/53 | €0 | - | = | |
| Cash at bank and in hand | 54/58 | €106,827 | €144,426 | +€37,599 | +35.2% |
| Deferred charges and accrued income | 490/1 | €10,329 | €5,373 | -€4,956 | -48.0% |
| Total equity and liabilities | 10/49 | €667,518 | €571,963 | -€95,555 | -14.3% |
| Equity | 10/15 | €625,198 | €554,161 | -€71,037 | -11.4% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €645,218 | €645,218 | = | 0.0% |
| Distributable reserves | 133 | €645,218 | €645,218 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€38,620 | -€109,657 | -€71,037 | -183.9% |
| Amounts payable | 17/49 | €42,320 | €17,802 | -€24,519 | -57.9% |
| Amounts payable after more than one year | 17 | €0 | - | = | |
| Financial debts | 170/4 | €0 | - | = | |
| Amounts payable within one year | 42/48 | €42,320 | €17,802 | -€24,519 | -57.9% |
| Current portion of amounts payable after more than one year | 42 | €0 | - | = | |
| Trade debts | 44 | €25,477 | €6,960 | -€18,517 | -72.7% |
| Suppliers | 440/4 | €25,477 | €6,960 | -€18,517 | -72.7% |
| Taxes, remuneration and social security | 45 | €6,675 | €1,875 | -€4,800 | -71.9% |
| Taxes | 450/3 | €206 | €613 | +€407 | +197.0% |
| Remuneration and social security | 454/9 | €6,469 | €1,262 | -€5,207 | -80.5% |
| Other amounts payable | 47/48 | €10,168 | €8,967 | -€1,202 | -11.8% |
| Non-recurring operating income | 76A | €18,668 | €40,223 | +€21,555 | +115.5% |
| Remuneration, social security and pensions | 62 | €56,162 | €17,885 | -€38,277 | -68.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €52,762 | €37,858 | -€14,903 | -28.2% |
| Other operating charges | 640/8 | €2,701 | €1,731 | -€970 | -35.9% |
| Non-recurring operating charges | 66A | €0 | €1,000 | +€1,000 | |
| Gross operating margin | 9900 | €67,219 | -€17,094 | -€84,312 | |
| Operating profit (loss) | 9901 | -€44,406 | -€75,568 | -€31,162 | -70.2% |
| Financial income | 75/76B | €1,861 | €19 | -€1,842 | -99.0% |
| Recurring financial income | 75 | €1,861 | €19 | -€1,842 | -99.0% |
| Financial charges | 65/66B | €7,355 | €488 | -€6,867 | -93.4% |
| Recurring financial charges | 65 | €7,355 | €488 | -€6,867 | -93.4% |
| Profit (loss) for the period before taxes | 9903 | -€49,900 | -€76,037 | -€26,136 | -52.4% |
| Income taxes | 67/77 | €0 | -€5,000 | -€5,000 | |
| Profit (loss) for the period | 9904 | -€49,900 | -€71,037 | -€21,136 | -42.4% |
| Profit (loss) for the period to be appropriated | 9905 | -€49,900 | -€71,037 | -€21,136 | -42.4% |
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 30 September 2026 via checked.be.