BCG-Pascal Verbist: 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.
BCG-Pascal Verbist
Largest movements
- Receivables within one year -€13,458
down €13,458 (-96.7%), from €13,923 to €464
of which Trade receivables: -€11,283
- Cash +€9,638
up €9,638 (+42.8%), from €22,506 to €32,144
mainly Receivables within one year (+€13,458) and Depreciation (+€1,687)
- Tangible fixed assets -€2,544
down €2,544 (-79.2%), from €3,213 to €669
of which Furniture and vehicles: -€2,168
- Deferred charges and accrued income -€1,004
down €1,004 (-16.0%), from €6,285 to €5,281
- Stocks and contracts -€852
down €852 (-11.3%), from €7,535 to €6,683
of which Stocks: -€852
- Trade debts -€6,083
down €6,083 (-40.3%), from €15,086 to €9,003
- Tax, wage and social debts -€4,466
down €4,466 (-63.5%), from €7,032 to €2,566
of which Taxes: -€4,466
- Profit (loss) carried forward +€1,503
up €1,503 (+25.9%), from €5,805 to €7,308
- Other debts +€825
up €825 (+4.7%), from €17,479 to €18,303
- Staff costs -€26,359
down €26,359 (-91.6%), from €28,763 to €2,404
- Gross operating margin -€3,319
down €3,319 (-29.0%), from €11,430 to €8,111
- Depreciation -€2,668
down €2,668 (-61.3%), from €4,355 to €1,687
- Other operating charges -€383
down €383 (-21.6%), from €1,769 to €1,387
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 | €53,461 | €45,240 | -€8,221 | -15.4% |
| Fixed assets | 21/28 | €3,213 | €669 | -€2,544 | -79.2% |
| Tangible fixed assets | 22/27 | €3,213 | €669 | -€2,544 | -79.2% |
| Plant, machinery and equipment | 23 | €895 | €519 | -€376 | -42.0% |
| Furniture and vehicles | 24 | €2,318 | €149 | -€2,168 | -93.6% |
| Current assets | 29/58 | €50,248 | €44,572 | -€5,677 | -11.3% |
| Stocks and contracts in progress | 3 | €7,535 | €6,683 | -€852 | -11.3% |
| Stocks | 30/36 | €7,535 | €6,683 | -€852 | -11.3% |
| Contracts in progress | 37 | €0 | - | = | |
| Amounts receivable within one year | 40/41 | €13,923 | €464 | -€13,458 | -96.7% |
| Trade receivables | 40 | €11,283 | €0 | -€11,283 | -100% |
| Other amounts receivable | 41 | €2,639 | €464 | -€2,175 | -82.4% |
| Cash at bank and in hand | 54/58 | €22,506 | €32,144 | +€9,638 | +42.8% |
| Deferred charges and accrued income | 490/1 | €6,285 | €5,281 | -€1,004 | -16.0% |
| Total equity and liabilities | 10/49 | €53,461 | €45,240 | -€8,221 | -15.4% |
| Equity | 10/15 | €13,865 | €15,368 | +€1,503 | +10.8% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €5,805 | €7,308 | +€1,503 | +25.9% |
| Amounts payable | 17/49 | €39,596 | €29,873 | -€9,723 | -24.6% |
| Amounts payable within one year | 42/48 | €39,596 | €29,873 | -€9,723 | -24.6% |
| Trade debts | 44 | €15,086 | €9,003 | -€6,083 | -40.3% |
| Suppliers | 440/4 | €15,086 | €9,003 | -€6,083 | -40.3% |
| Taxes, remuneration and social security | 45 | €7,032 | €2,566 | -€4,466 | -63.5% |
| Taxes | 450/3 | €5,755 | €1,289 | -€4,466 | -77.6% |
| Remuneration and social security | 454/9 | €1,277 | €1,277 | = | 0.0% |
| Other amounts payable | 47/48 | €17,479 | €18,303 | +€825 | +4.7% |
| Remuneration, social security and pensions | 62 | €28,763 | €2,404 | -€26,359 | -91.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,355 | €1,687 | -€2,668 | -61.3% |
| Other operating charges | 640/8 | €1,769 | €1,387 | -€383 | -21.6% |
| Non-recurring operating charges | 66A | - | €857 | +€857 | |
| Gross operating margin | 9900 | €11,430 | €8,111 | -€3,319 | -29.0% |
| Operating profit (loss) | 9901 | -€23,458 | €1,777 | +€25,234 | |
| Financial income | 75/76B | €1 | €1 | = | 0.0% |
| Recurring financial income | 75 | €1 | €1 | = | 0.0% |
| Financial charges | 65/66B | €277 | €275 | -€2 | -0.8% |
| Recurring financial charges | 65 | €277 | €275 | -€2 | -0.8% |
| Profit (loss) for the period before taxes | 9903 | -€23,734 | €1,503 | +€25,237 | |
| Profit (loss) for the period | 9904 | -€23,734 | €1,503 | +€25,237 | |
| Profit (loss) for the period to be appropriated | 9905 | -€23,734 | €1,503 | +€25,237 |
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 14 October 2026 via checked.be.