BCM-PROJECTS: 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.
What changed
BCM-PROJECTS
NACE 64.210, Activities of holding companies
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
-€114,094
2024 · -€143,874+€29,780
Equity
-€552,706
2024 · -€438,612-€114,094
Cash
€15,385
2024 · €3,283+€12,102
Balance sheet total
€4.9m
2024 · €5.0m-€145,637
Largest movements
Assets
- Tangible fixed assets -€162,851
down €162,851 (-3.3%), from €5.0m to €4.8m
Equity and liabilities
- Profit (loss) carried forward -€114,094
down €114,094 (-12.2%), from -€938,612 to -€1.1m
- Debts after one year -€105,024
down €105,024 (-9.5%), from €1.1m to €995,805
Income statement
- Write-downs -€59,306
down €59,306 (-100.0%), from €59,306 to €0
- Gross operating margin -€52,517
down €52,517 (-28.0%), from €187,686 to €135,169
- Depreciation -€22,490
down €22,490 (-12.1%), from €185,341 to €162,851
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.
Result 2024
-€143,874
Gross operating margin
-€52,517
Depreciation
+€22,490
Write-downs
+€59,306
Other operating charges
-€1,331
Financial income
-€10
Financial charges
+€1,842
Result 2025
-€114,094
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.
From operations
+€82,094
Investment
€0
Financing
-€69,992
Cash 2024
€3,283
From operations (derived)
+€82,094
Net result for the year
-€114,094
Depreciation
+€162,851
Receivables within one year
-€4,881
Smaller working-capital items
-€190
Trade debts
+€16,847
Tax, wage and social debts
+€23,756
Other debts
-€2,195
Financing
-€69,992
Debts after one year
-€105,024
Current portion of long-term debt
+€1,699
Short-term financial debts
+€33,333
Cash 2025
€15,385
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €5,026,981 | €4,881,344 | -€145,637 | -2.9% |
| Fixed assets | 21/28 | €4,986,845 | €4,823,994 | -€162,851 | -3.3% |
| Tangible fixed assets | 22/27 | €4,986,845 | €4,823,994 | -€162,851 | -3.3% |
| Land and buildings | 22 | €4,986,845 | €4,823,994 | -€162,851 | -3.3% |
| Current assets | 29/58 | €40,136 | €57,350 | +€17,214 | +42.9% |
| Amounts receivable within one year | 40/41 | €28,159 | €33,039 | +€4,881 | +17.3% |
| Trade receivables | 40 | €5,653 | €0 | -€5,653 | -100.0% |
| Other amounts receivable | 41 | €22,505 | €33,039 | +€10,534 | +46.8% |
| Cash at bank and in hand | 54/58 | €3,283 | €15,385 | +€12,102 | +368.6% |
| Deferred charges and accrued income | 490/1 | €8,694 | €8,925 | +€231 | +2.7% |
| Total equity and liabilities | 10/49 | €5,026,981 | €4,881,344 | -€145,637 | -2.9% |
| Equity | 10/15 | -€438,612 | -€552,706 | -€114,094 | -26.0% |
| Contributions | 10/11 | €500,000 | €500,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€938,612 | -€1,052,706 | -€114,094 | -12.2% |
| Amounts payable | 17/49 | €5,465,593 | €5,434,050 | -€31,543 | -0.6% |
| Amounts payable after more than one year | 17 | €1,100,829 | €995,805 | -€105,024 | -9.5% |
| Financial debts | 170/4 | €1,100,829 | €995,805 | -€105,024 | -9.5% |
| Amounts payable within one year | 42/48 | €4,364,756 | €4,438,196 | +€73,440 | +1.7% |
| Current portion of amounts payable after more than one year | 42 | €103,325 | €105,024 | +€1,699 | +1.6% |
| Financial debts | 43 | €177,071 | €210,404 | +€33,333 | +18.8% |
| Credit institutions | 430/8 | €177,071 | €210,404 | +€33,333 | +18.8% |
| Trade debts | 44 | €10,653 | €27,500 | +€16,847 | +158.1% |
| Suppliers | 440/4 | €10,653 | €27,500 | +€16,847 | +158.1% |
| Taxes, remuneration and social security | 45 | €8,773 | €32,529 | +€23,756 | +270.8% |
| Taxes | 450/3 | €8,773 | €32,529 | +€23,756 | +270.8% |
| Other amounts payable | 47/48 | €4,064,934 | €4,062,739 | -€2,195 | -0.1% |
| Accrued charges and deferred income | 492/3 | €7 | €48 | +€42 | +610.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €185,341 | €162,851 | -€22,490 | -12.1% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €59,306 | €0 | -€59,306 | -100.0% |
| Other operating charges | 640/8 | €32,679 | €34,010 | +€1,331 | +4.1% |
| Gross operating margin | 9900 | €187,686 | €135,169 | -€52,517 | -28.0% |
| Operating profit (loss) | 9901 | -€89,640 | -€61,692 | +€27,949 | +31.2% |
| Financial income | 75/76B | €10 | €0 | -€10 | -100.0% |
| Recurring financial income | 75 | €10 | €0 | -€10 | -100.0% |
| Financial charges | 65/66B | €54,244 | €52,402 | -€1,842 | -3.4% |
| Recurring financial charges | 65 | €54,244 | €52,402 | -€1,842 | -3.4% |
| Profit (loss) for the period before taxes | 9903 | -€143,874 | -€114,094 | +€29,780 | +20.7% |
| Profit (loss) for the period | 9904 | -€143,874 | -€114,094 | +€29,780 | +20.7% |
| Profit (loss) for the period to be appropriated | 9905 | -€143,874 | -€114,094 | +€29,780 | +20.7% |
Source: filed annual accounts (NBB), fiscal years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.