BCF LEPAGE: 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.
BCF LEPAGE
Largest movements
- Receivables within one year +€23,569
up €23,569 (+85.5%), from €27,561 to €51,130
of which Trade receivables: +€22,901
- Cash -€12,572
down €12,572 (-19.8%), from €63,615 to €51,043
mainly Tax, wage and social debts (-€24,973) and Receivables within one year (-€23,569)
- Tangible fixed assets -€7,066
down €7,066 (-18.3%), from €38,683 to €31,617
of which Other tangible fixed assets: -€4,889
- Other debts +€30,538
up €30,538 (+155.6%), from €19,620 to €50,158
- Tax, wage and social debts -€24,973
down €24,973 (-72.1%), from €34,644 to €9,671
of which Remuneration and social security: -€16,414
- Trade debts +€13,173
up €13,173 (+288.8%), from €4,561 to €17,734
- Reserves -€6,262
down €6,262 (-17.6%), from €35,542 to €29,281
of which Distributable reserves: -€6,262
- Accrued charges and deferred income -€5,458
no longer reported in 2025 (was €5,458)
- Gross operating margin +€18,432
up €18,432 (+79.7%), from €23,138 to €41,571
- Provisions +€7,500
no longer reported in 2025 (was -€7,500)
- Taxes -€2,044
down €2,044 (-33.6%), from €6,084 to €4,041
- Financial income +€1,087
up €1,087 (+921.8%), from €118 to €1,205
- Write-downs -€856
no longer reported in 2025 (was €856)
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 | €148,614 | €153,973 | +€5,359 | +3.6% |
| Fixed assets | 21/28 | €57,283 | €50,217 | -€7,066 | -12.3% |
| Tangible fixed assets | 22/27 | €38,683 | €31,617 | -€7,066 | -18.3% |
| Furniture and vehicles | 24 | €5,937 | €3,760 | -€2,177 | -36.7% |
| Other tangible fixed assets | 26 | €32,746 | €27,857 | -€4,889 | -14.9% |
| Financial fixed assets | 28 | €18,600 | €18,600 | = | 0.0% |
| Current assets | 29/58 | €91,331 | €103,755 | +€12,424 | +13.6% |
| Amounts receivable within one year | 40/41 | €27,561 | €51,130 | +€23,569 | +85.5% |
| Trade receivables | 40 | €16,146 | €39,047 | +€22,901 | +141.8% |
| Other amounts receivable | 41 | €11,416 | €12,084 | +€668 | +5.9% |
| Cash at bank and in hand | 54/58 | €63,615 | €51,043 | -€12,572 | -19.8% |
| Deferred charges and accrued income | 490/1 | €155 | €1,582 | +€1,428 | +923.1% |
| Total equity and liabilities | 10/49 | €148,614 | €153,973 | +€5,359 | +3.6% |
| Equity | 10/15 | €75,326 | €72,899 | -€2,428 | -3.2% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €35,542 | €29,281 | -€6,262 | -17.6% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Tax-exempt reserves | 132 | €7,421 | €7,421 | = | 0.0% |
| Distributable reserves | 133 | €26,262 | €20,000 | -€6,262 | -23.8% |
| Profit (loss) carried forward | 14 | €21,184 | €25,018 | +€3,834 | +18.1% |
| Amounts payable | 17/49 | €73,288 | €81,074 | +€7,786 | +10.6% |
| Amounts payable after more than one year | 17 | €1,347 | - | -€1,347 | |
| Financial debts | 170/4 | €1,347 | - | -€1,347 | |
| Amounts payable within one year | 42/48 | €66,484 | €81,074 | +€14,590 | +21.9% |
| Current portion of amounts payable after more than one year | 42 | €7,659 | €3,511 | -€4,148 | -54.2% |
| Trade debts | 44 | €4,561 | €17,734 | +€13,173 | +288.8% |
| Suppliers | 440/4 | €4,561 | €17,734 | +€13,173 | +288.8% |
| Taxes, remuneration and social security | 45 | €34,644 | €9,671 | -€24,973 | -72.1% |
| Taxes | 450/3 | €16,699 | €8,140 | -€8,559 | -51.3% |
| Remuneration and social security | 454/9 | €17,945 | €1,531 | -€16,414 | -91.5% |
| Other amounts payable | 47/48 | €19,620 | €50,158 | +€30,538 | +155.6% |
| Accrued charges and deferred income | 492/3 | €5,458 | - | -€5,458 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,066 | €7,066 | = | 0.0% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €856 | - | -€856 | |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | -€7,500 | - | +€7,500 | |
| Other operating charges | 640/8 | €511 | €667 | +€155 | +30.4% |
| Non-recurring operating charges | 66A | - | €15,480 | +€15,480 | |
| Gross operating margin | 9900 | €23,138 | €41,571 | +€18,432 | +79.7% |
| Operating profit (loss) | 9901 | €22,206 | €18,358 | -€3,847 | -17.3% |
| Financial income | 75/76B | €118 | €1,205 | +€1,087 | +921.8% |
| Recurring financial income | 75 | €118 | €1,205 | +€1,087 | +921.8% |
| Financial charges | 65/66B | €2,294 | €1,688 | -€606 | -26.4% |
| Recurring financial charges | 65 | €2,294 | €1,688 | -€606 | -26.4% |
| Profit (loss) for the period before taxes | 9903 | €20,030 | €17,875 | -€2,155 | -10.8% |
| Income taxes | 67/77 | €6,084 | €4,041 | -€2,044 | -33.6% |
| Profit (loss) for the period | 9904 | €13,946 | €13,834 | -€112 | -0.8% |
| Profit (loss) for the period to be appropriated | 9905 | €13,946 | €13,834 | -€112 | -0.8% |
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 11 October 2026 via checked.be.