BCMA: 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.
BCMA
Largest movements
- Tangible fixed assets +€708,900
up €708,900 (+1777.4%), from €39,884 to €748,785
of which Land and buildings: +€695,421
- Cash -€169,726
down €169,726 (-92.8%), from €182,812 to €13,086
mainly Investment in fixed assets (net) (-€742,442) and Tax, wage and social debts (-€22,555)
- Receivables after one year -€30,000
down €30,000 (-23.1%), from €130,000 to €100,000
- Debts after one year +€441,431
new in 2024: €441,431
- Current portion of long-term debt +€45,509
new in 2024: €45,509
- Reserves +€38,743
up €38,743 (+11.6%), from €332,564 to €371,307
- Tax, wage and social debts -€22,555
down €22,555 (-60.2%), from €37,473 to €14,918
- Gross operating margin -€31,994
down €31,994 (-23.0%), from €139,388 to €107,394
- Depreciation +€24,135
up €24,135 (+256.6%), from €9,406 to €33,541
- Taxes -€23,467
down €23,467 (-54.6%), from €43,009 to €19,542
- Financial charges +€14,252
up €14,252 (+661.6%), from €2,154 to €16,406
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €409,622 | €920,143 | +€510,520 | +124.6% |
| Fixed assets | 21/28 | €39,884 | €748,785 | +€708,900 | +1777.4% |
| Tangible fixed assets | 22/27 | €39,884 | €748,785 | +€708,900 | +1777.4% |
| Land and buildings | 22 | - | €695,421 | +€695,421 | |
| Plant, machinery and equipment | 23 | €22,817 | €43,879 | +€21,063 | +92.3% |
| Furniture and vehicles | 24 | €11,217 | €9,484 | -€1,733 | -15.4% |
| Assets under construction and advance payments | 27 | €5,851 | - | -€5,851 | |
| Current assets | 29/58 | €369,738 | €171,358 | -€198,380 | -53.7% |
| Amounts receivable after more than one year | 29 | €130,000 | €100,000 | -€30,000 | -23.1% |
| Other amounts receivable | 291 | €130,000 | €100,000 | -€30,000 | -23.1% |
| Amounts receivable within one year | 40/41 | €50,259 | €50,285 | +€26 | +0.1% |
| Trade receivables | 40 | €45,644 | €49,013 | +€3,369 | +7.4% |
| Other amounts receivable | 41 | €4,615 | €1,272 | -€3,343 | -72.4% |
| Cash at bank and in hand | 54/58 | €182,812 | €13,086 | -€169,726 | -92.8% |
| Deferred charges and accrued income | 490/1 | €6,667 | €7,986 | +€1,320 | +19.8% |
| Total equity and liabilities | 10/49 | €409,622 | €920,143 | +€510,520 | +124.6% |
| Equity | 10/15 | €367,191 | €405,934 | +€38,743 | +10.6% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €332,564 | €371,307 | +€38,743 | +11.6% |
| Distributable reserves | 133 | €332,564 | €371,307 | +€38,743 | +11.6% |
| Profit (loss) carried forward | 14 | €28,427 | €28,427 | = | 0.0% |
| Amounts payable | 17/49 | €42,431 | €514,209 | +€471,778 | +1111.9% |
| Amounts payable after more than one year | 17 | - | €441,431 | +€441,431 | |
| Financial debts | 170/4 | - | €441,431 | +€441,431 | |
| Amounts payable within one year | 42/48 | €42,431 | €72,777 | +€30,346 | +71.5% |
| Current portion of amounts payable after more than one year | 42 | - | €45,509 | +€45,509 | |
| Trade debts | 44 | €4,848 | €8,413 | +€3,566 | +73.6% |
| Suppliers | 440/4 | €4,848 | €8,413 | +€3,566 | +73.6% |
| Taxes, remuneration and social security | 45 | €37,473 | €14,918 | -€22,555 | -60.2% |
| Taxes | 450/3 | €37,473 | €14,918 | -€22,555 | -60.2% |
| Other amounts payable | 47/48 | €110 | €3,937 | +€3,827 | +3482.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,406 | €33,541 | +€24,135 | +256.6% |
| Other operating charges | 640/8 | €1,451 | €1,924 | +€473 | +32.6% |
| Gross operating margin | 9900 | €139,388 | €107,394 | -€31,994 | -23.0% |
| Operating profit (loss) | 9901 | €128,531 | €71,929 | -€56,602 | -44.0% |
| Financial income | 75/76B | €3,478 | €2,763 | -€715 | -20.6% |
| Recurring financial income | 75 | €3,478 | €2,763 | -€715 | -20.6% |
| Financial charges | 65/66B | €2,154 | €16,406 | +€14,252 | +661.6% |
| Recurring financial charges | 65 | €2,154 | €16,406 | +€14,252 | +661.6% |
| Profit (loss) for the period before taxes | 9903 | €129,855 | €58,285 | -€71,570 | -55.1% |
| Income taxes | 67/77 | €43,009 | €19,542 | -€23,467 | -54.6% |
| Profit (loss) for the period | 9904 | €86,846 | €38,743 | -€48,103 | -55.4% |
| Profit (loss) for the period to be appropriated | 9905 | €86,846 | €38,743 | -€48,103 | -55.4% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 11 October 2026 via checked.be.