BCJ: 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.
BCJ
Largest movements
- Cash +€49,121
up €49,121 (+98.9%), from €49,672 to €98,792
mainly Net result for the year (+€71,086) and Depreciation (+€25,352)
- Receivables within one year -€12,739
down €12,739 (-47.1%), from €27,044 to €14,305
of which Trade receivables: -€14,106
- Stocks and contracts -€10,440
down €10,440 (-15.5%), from €67,555 to €57,115
- Tangible fixed assets +€8,555
up €8,555 (+11.8%), from €72,400 to €80,954
of which Furniture and vehicles: +€19,039
- Reserves +€41,643
up €41,643 (+37.1%), from €112,131 to €153,774
- Other debts +€24,184
up €24,184 (+62.7%), from €38,588 to €62,772
- Trade debts -€18,111
down €18,111 (-79.8%), from €22,688 to €4,577
- Debts after one year -€10,049
down €10,049 (-85.4%), from €11,766 to €1,717
- Gross operating margin +€77,734
up €77,734 (+210.9%), from €36,858 to €114,592
- Taxes +€9,473
up €9,473 (+5937.2%), from €160 to €9,633
- Staff costs -€4,876
down €4,876 (-52.3%), from €9,325 to €4,449
- Financial income -€2,595
down €2,595 (-49.3%), from €5,266 to €2,671
- Financial charges -€2,115
down €2,115 (-29.6%), from €7,139 to €5,024
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 | €217,613 | €251,166 | +€33,553 | +15.4% |
| Fixed assets | 21/28 | €72,400 | €80,954 | +€8,555 | +11.8% |
| Tangible fixed assets | 22/27 | €72,400 | €80,954 | +€8,555 | +11.8% |
| Land and buildings | 22 | €31,628 | €23,696 | -€7,932 | -25.1% |
| Plant, machinery and equipment | 23 | €5,603 | €3,121 | -€2,482 | -44.3% |
| Furniture and vehicles | 24 | €35,029 | €54,067 | +€19,039 | +54.4% |
| Other tangible fixed assets | 26 | €140 | €70 | -€70 | -50.0% |
| Current assets | 29/58 | €145,214 | €170,212 | +€24,998 | +17.2% |
| Stocks and contracts in progress | 3 | €67,555 | €57,115 | -€10,440 | -15.5% |
| Stocks | 30/36 | €67,555 | €57,115 | -€10,440 | -15.5% |
| Amounts receivable within one year | 40/41 | €27,044 | €14,305 | -€12,739 | -47.1% |
| Trade receivables | 40 | €27,033 | €12,927 | -€14,106 | -52.2% |
| Other amounts receivable | 41 | €11 | €1,378 | +€1,367 | +12812.6% |
| Cash at bank and in hand | 54/58 | €49,672 | €98,792 | +€49,121 | +98.9% |
| Deferred charges and accrued income | 490/1 | €944 | €0 | -€944 | -100.0% |
| Total equity and liabilities | 10/49 | €217,613 | €251,166 | +€33,553 | +15.4% |
| Equity | 10/15 | €124,531 | €166,174 | +€41,643 | +33.4% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €112,131 | €153,774 | +€41,643 | +37.1% |
| Distributable reserves | 133 | €112,131 | €153,774 | +€41,643 | +37.1% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €93,082 | €84,992 | -€8,090 | -8.7% |
| Amounts payable after more than one year | 17 | €11,766 | €1,717 | -€10,049 | -85.4% |
| Financial debts | 170/4 | €11,766 | €1,717 | -€10,049 | -85.4% |
| Amounts payable within one year | 42/48 | €81,316 | €83,275 | +€1,959 | +2.4% |
| Current portion of amounts payable after more than one year | 42 | €11,972 | €10,049 | -€1,923 | -16.1% |
| Trade debts | 44 | €22,688 | €4,577 | -€18,111 | -79.8% |
| Suppliers | 440/4 | €22,688 | €4,577 | -€18,111 | -79.8% |
| Taxes, remuneration and social security | 45 | €8,068 | €5,877 | -€2,191 | -27.2% |
| Taxes | 450/3 | €7,601 | €5,758 | -€1,843 | -24.2% |
| Remuneration and social security | 454/9 | €466 | €118 | -€348 | -74.7% |
| Other amounts payable | 47/48 | €38,588 | €62,772 | +€24,184 | +62.7% |
| Non-recurring operating income | 76A | - | €8,682 | +€8,682 | |
| Remuneration, social security and pensions | 62 | €9,325 | €4,449 | -€4,876 | -52.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €26,418 | €25,352 | -€1,066 | -4.0% |
| Other operating charges | 640/8 | €2,163 | €1,719 | -€444 | -20.5% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Gross operating margin | 9900 | €36,858 | €114,592 | +€77,734 | +210.9% |
| Operating profit (loss) | 9901 | -€1,048 | €83,072 | +€84,120 | |
| Financial income | 75/76B | €5,266 | €2,671 | -€2,595 | -49.3% |
| Recurring financial income | 75 | €5,266 | €2,671 | -€2,595 | -49.3% |
| Financial charges | 65/66B | €7,139 | €5,024 | -€2,115 | -29.6% |
| Recurring financial charges | 65 | €7,139 | €5,024 | -€2,115 | -29.6% |
| Profit (loss) for the period before taxes | 9903 | -€2,921 | €80,719 | +€83,640 | |
| Income taxes | 67/77 | €160 | €9,633 | +€9,473 | +5937.2% |
| Profit (loss) for the period | 9904 | -€3,081 | €71,086 | +€74,167 | |
| Profit (loss) for the period to be appropriated | 9905 | -€3,081 | €71,086 | +€74,167 |
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.