BCLS Construct: 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.
BCLS Construct
Largest movements
- Receivables within one year -€120,995
down €120,995 (-95.6%), from €126,606 to €5,612
of which Trade receivables: -€122,997
- Tangible fixed assets -€20,155
down €20,155 (-5.4%), from €371,389 to €351,233
of which Land and buildings: -€13,313
- Cash +€9,486
up €9,486 (+252%), from €3,771 to €13,256
mainly Receivables within one year (+€120,995) and Depreciation (+€37,941)
- Trade debts -€70,914
down €70,914 (-70.6%), from €100,425 to €29,511
- Debts after one year -€26,037
down €26,037 (-10.5%), from €247,173 to €221,135
- Tax, wage and social debts -€22,278
down €22,278 (-91.5%), from €24,345 to €2,067
of which Taxes: -€24,345
- Other debts -€8,087
down €8,087 (-11.4%), from €71,064 to €62,977
- Gross operating margin -€25,433
down €25,433 (-28.3%), from €89,988 to €64,555
- Staff costs -€22,940
down €22,940 (-61.5%), from €37,312 to €14,372
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 | €525,030 | €398,180 | -€126,850 | -24.2% |
| Fixed assets | 21/28 | €371,389 | €351,233 | -€20,155 | -5.4% |
| Tangible fixed assets | 22/27 | €371,389 | €351,233 | -€20,155 | -5.4% |
| Land and buildings | 22 | €240,270 | €226,957 | -€13,313 | -5.5% |
| Plant, machinery and equipment | 23 | €130,849 | €123,031 | -€7,818 | -6.0% |
| Furniture and vehicles | 24 | €269 | €1,246 | +€976 | +362% |
| Current assets | 29/58 | €153,642 | €46,947 | -€106,695 | -69.4% |
| Stocks and contracts in progress | 3 | €23,265 | €27,890 | +€4,625 | +19.9% |
| Stocks | 30/36 | €23,265 | €27,890 | +€4,625 | +19.9% |
| Amounts receivable within one year | 40/41 | €126,606 | €5,612 | -€120,995 | -95.6% |
| Trade receivables | 40 | €122,997 | - | -€122,997 | |
| Other amounts receivable | 41 | €3,609 | €5,612 | +€2,003 | +55.5% |
| Cash at bank and in hand | 54/58 | €3,771 | €13,256 | +€9,486 | +252% |
| Deferred charges and accrued income | 490/1 | - | €189 | +€189 | |
| Total equity and liabilities | 10/49 | €525,030 | €398,180 | -€126,850 | -24.2% |
| Equity | 10/15 | €48,995 | €49,135 | +€139 | +0.3% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €34,245 | €34,245 | = | 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% |
| Distributable reserves | 133 | €32,385 | €32,385 | = | 0.0% |
| Profit (loss) carried forward | 14 | €8,550 | €8,689 | +€139 | +1.6% |
| Amounts payable | 17/49 | €476,035 | €349,046 | -€126,989 | -26.7% |
| Amounts payable after more than one year | 17 | €247,173 | €221,135 | -€26,037 | -10.5% |
| Financial debts | 170/4 | €247,173 | €221,135 | -€26,037 | -10.5% |
| Amounts payable within one year | 42/48 | €228,862 | €127,910 | -€100,952 | -44.1% |
| Current portion of amounts payable after more than one year | 42 | €33,029 | €33,355 | +€326 | +1.0% |
| Trade debts | 44 | €100,425 | €29,511 | -€70,914 | -70.6% |
| Suppliers | 440/4 | €100,425 | €29,511 | -€70,914 | -70.6% |
| Taxes, remuneration and social security | 45 | €24,345 | €2,067 | -€22,278 | -91.5% |
| Taxes | 450/3 | €24,345 | - | -€24,345 | |
| Remuneration and social security | 454/9 | - | €2,067 | +€2,067 | |
| Other amounts payable | 47/48 | €71,064 | €62,977 | -€8,087 | -11.4% |
| Remuneration, social security and pensions | 62 | €37,312 | €14,372 | -€22,940 | -61.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €38,743 | €37,941 | -€802 | -2.1% |
| Other operating charges | 640/8 | €2,649 | €2,158 | -€491 | -18.5% |
| Gross operating margin | 9900 | €89,988 | €64,555 | -€25,433 | -28.3% |
| Operating profit (loss) | 9901 | €11,284 | €10,083 | -€1,200 | -10.6% |
| Financial income | 75/76B | - | €130 | +€130 | |
| Recurring financial income | 75 | - | €130 | +€130 | |
| Financial charges | 65/66B | €10,373 | €9,750 | -€623 | -6.0% |
| Recurring financial charges | 65 | €10,373 | €9,750 | -€623 | -6.0% |
| Profit (loss) for the period before taxes | 9903 | €911 | €463 | -€447 | -49.1% |
| Income taxes | 67/77 | €313 | €324 | +€11 | +3.6% |
| Profit (loss) for the period | 9904 | €598 | €139 | -€459 | -76.7% |
| Profit (loss) for the period to be appropriated | 9905 | €598 | €139 | -€459 | -76.7% |
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 23 October 2026 via checked.be.