BCF TRAINING: 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 TRAINING
Largest movements
- Cash -€91,861
down €91,861 (-71.8%), from €127,913 to €36,053
mainly Current investments (-€85,000) and Tax, wage and social debts (-€25,959)
- Current investments +€85,000
new in 2025: €85,000
- Tangible fixed assets -€5,781
down €5,781 (-46.6%), from €12,403 to €6,621
of which Furniture and vehicles: -€4,863
- Receivables within one year +€3,477
up €3,477 (+36.2%), from €9,606 to €13,083
of which Trade receivables: +€3,578
- Tax, wage and social debts -€25,959
down €25,959 (-67.7%), from €38,320 to €12,361
of which Taxes: -€25,959
- Profit (loss) carried forward +€16,188
up €16,188 (+14.7%), from €109,791 to €125,979
- Gross operating margin -€23,838
down €23,838 (-48.0%), from €49,692 to €25,853
- Depreciation -€5,465
down €5,465 (-66.1%), from €8,274 to €2,809
- Taxes -€4,730
down €4,730 (-48.0%), from €9,850 to €5,120
- Other operating charges +€923
up €923 (+137.5%), from €671 to €1,594
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 | €151,215 | €142,194 | -€9,021 | -6.0% |
| Fixed assets | 21/28 | €12,403 | €6,621 | -€5,781 | -46.6% |
| Tangible fixed assets | 22/27 | €12,403 | €6,621 | -€5,781 | -46.6% |
| Furniture and vehicles | 24 | €9,851 | €4,988 | -€4,863 | -49.4% |
| Other tangible fixed assets | 26 | €2,552 | €1,634 | -€918 | -36.0% |
| Current assets | 29/58 | €138,812 | €135,573 | -€3,239 | -2.3% |
| Amounts receivable within one year | 40/41 | €9,606 | €13,083 | +€3,477 | +36.2% |
| Trade receivables | 40 | €4,151 | €7,729 | +€3,578 | +86.2% |
| Other amounts receivable | 41 | €5,455 | €5,353 | -€101 | -1.9% |
| Current investments | 50/53 | - | €85,000 | +€85,000 | |
| Cash at bank and in hand | 54/58 | €127,913 | €36,053 | -€91,861 | -71.8% |
| Deferred charges and accrued income | 490/1 | €1,293 | €1,437 | +€145 | +11.2% |
| Total equity and liabilities | 10/49 | €151,215 | €142,194 | -€9,021 | -6.0% |
| Equity | 10/15 | €112,291 | €128,479 | +€16,188 | +14.4% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €109,791 | €125,979 | +€16,188 | +14.7% |
| Amounts payable | 17/49 | €38,924 | €13,715 | -€25,209 | -64.8% |
| Amounts payable within one year | 42/48 | €38,924 | €13,715 | -€25,209 | -64.8% |
| Trade debts | 44 | €603 | €1,354 | +€751 | +124.4% |
| Suppliers | 440/4 | €603 | €1,354 | +€751 | +124.4% |
| Taxes, remuneration and social security | 45 | €38,320 | €12,361 | -€25,959 | -67.7% |
| Taxes | 450/3 | €38,320 | €12,361 | -€25,959 | -67.7% |
| Remuneration and social security | 454/9 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,274 | €2,809 | -€5,465 | -66.1% |
| Other operating charges | 640/8 | €671 | €1,594 | +€923 | +137.5% |
| Gross operating margin | 9900 | €49,692 | €25,853 | -€23,838 | -48.0% |
| Operating profit (loss) | 9901 | €40,747 | €21,450 | -€19,296 | -47.4% |
| Financial income | 75/76B | €352 | €68 | -€283 | -80.6% |
| Recurring financial income | 75 | €352 | €68 | -€283 | -80.6% |
| Financial charges | 65/66B | €52 | €211 | +€159 | +305.3% |
| Recurring financial charges | 65 | €52 | €211 | +€159 | +305.3% |
| Profit (loss) for the period before taxes | 9903 | €41,047 | €21,308 | -€19,738 | -48.1% |
| Income taxes | 67/77 | €9,850 | €5,120 | -€4,730 | -48.0% |
| Profit (loss) for the period | 9904 | €31,196 | €16,188 | -€15,008 | -48.1% |
| Profit (loss) for the period to be appropriated | 9905 | €31,196 | €16,188 | -€15,008 | -48.1% |
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 29 September 2026 via checked.be.