BCMD: 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.
BCMD
Largest movements
- Current investments -€180,000
no longer reported in 2025 (was €180,000)
- Cash -€86,210
down €86,210 (-63.1%), from €136,645 to €50,435
mainly Contributions, distributions and other (-€360,000) and Tax, wage and social debts (-€27,460)
- Deferred charges and accrued income +€23,860
new in 2025: €23,860
- Reserves -€200,000
down €200,000 (-82.6%), from €242,100 to €42,100
of which Distributable reserves: -€200,000
- Tax, wage and social debts -€27,460
down €27,460 (-66.3%), from €41,414 to €13,954
- Profit (loss) carried forward -€19,228
down €19,228 (-99.8%), from €19,273 to €45
- Other debts +€11,945
up €11,945 (+125.5%), from €9,516 to €21,461
- Accrued charges and deferred income -€10,000
no longer reported in 2025 (was €10,000)
- Purchases and services -€80,040
no longer reported in 2025 (was €80,040)
- Gross operating margin +€6,801
up €6,801 (+3.8%), from €177,315 to €184,116
- Financial income +€3,615
up €3,615 (+184.0%), from €1,965 to €5,580
- Taxes +€3,322
up €3,322 (+8.3%), from €39,930 to €43,252
- Other operating charges -€1,927
down €1,927 (-77.2%), from €2,495 to €568
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 | €327,087 | €82,346 | -€244,741 | -74.8% |
| Fixed assets | 21/28 | €10,442 | €8,051 | -€2,391 | -22.9% |
| Tangible fixed assets | 22/27 | €10,442 | €8,051 | -€2,391 | -22.9% |
| Furniture and vehicles | 24 | €10,442 | €8,051 | -€2,391 | -22.9% |
| Current assets | 29/58 | €316,645 | €74,295 | -€242,350 | -76.5% |
| Current investments | 50/53 | €180,000 | - | -€180,000 | |
| Cash at bank and in hand | 54/58 | €136,645 | €50,435 | -€86,210 | -63.1% |
| Deferred charges and accrued income | 490/1 | - | €23,860 | +€23,860 | |
| Total equity and liabilities | 10/49 | €327,087 | €82,346 | -€244,741 | -74.8% |
| Equity | 10/15 | €264,373 | €45,145 | -€219,228 | -82.9% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €242,100 | €42,100 | -€200,000 | -82.6% |
| Tax-exempt reserves | 132 | €42,100 | €42,100 | = | 0.0% |
| Distributable reserves | 133 | €200,000 | - | -€200,000 | |
| Profit (loss) carried forward | 14 | €19,273 | €45 | -€19,228 | -99.8% |
| Amounts payable | 17/49 | €62,714 | €37,201 | -€25,513 | -40.7% |
| Amounts payable within one year | 42/48 | €52,714 | €37,201 | -€15,513 | -29.4% |
| Trade debts | 44 | €1,784 | €1,786 | +€2 | +0.1% |
| Suppliers | 440/4 | €1,784 | €1,786 | +€2 | +0.1% |
| Taxes, remuneration and social security | 45 | €41,414 | €13,954 | -€27,460 | -66.3% |
| Taxes | 450/3 | €41,414 | €13,954 | -€27,460 | -66.3% |
| Other amounts payable | 47/48 | €9,516 | €21,461 | +€11,945 | +125.5% |
| Accrued charges and deferred income | 492/3 | €10,000 | - | -€10,000 | |
| Goods, raw materials, services and sundry goods | 60/61 | €80,040 | - | -€80,040 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,487 | €5,056 | +€569 | +12.7% |
| Other operating charges | 640/8 | €2,495 | €568 | -€1,927 | -77.2% |
| Gross operating margin | 9900 | €177,315 | €184,116 | +€6,801 | +3.8% |
| Operating profit (loss) | 9901 | €170,333 | €178,492 | +€8,159 | +4.8% |
| Financial income | 75/76B | €1,965 | €5,580 | +€3,615 | +184.0% |
| Recurring financial income | 75 | €1,965 | €5,580 | +€3,615 | +184.0% |
| Financial charges | 65/66B | €86 | €48 | -€38 | -44.2% |
| Recurring financial charges | 65 | €86 | €48 | -€38 | -44.2% |
| Profit (loss) for the period before taxes | 9903 | €172,212 | €184,024 | +€11,812 | +6.9% |
| Income taxes | 67/77 | €39,930 | €43,252 | +€3,322 | +8.3% |
| Profit (loss) for the period | 9904 | €132,282 | €140,772 | +€8,490 | +6.4% |
| Transfer to tax-exempt reserves | 689 | €42,100 | - | -€42,100 | |
| Profit (loss) for the period to be appropriated | 9905 | €90,182 | €140,772 | +€50,590 | +56.1% |
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 2 October 2026 via checked.be.