BCO: 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.
BCO
Largest movements
- Receivables within one year +€6,638
up €6,638 (+35.0%), from €18,957 to €25,595
- Cash -€4,864
down €4,864 (-17.8%), from €27,290 to €22,425
mainly Contributions, distributions and other (-€15,000) and Receivables within one year (-€6,638)
- Tangible fixed assets +€2,143
new in 2025: €2,143
- Stocks and contracts -€859
down €859 (-11.8%), from €7,274 to €6,415
- Profit (loss) carried forward -€14,071
down €14,071 (-95.9%), from €14,678 to €607
- Other debts +€13,298
up €13,298 (+55.2%), from €24,073 to €37,372
- Trade debts +€4,556
up €4,556 (+320.0%), from €1,424 to €5,980
- Tax, wage and social debts -€725
down €725 (-5.9%), from €12,346 to €11,620
- Gross operating margin -€3,626
down €3,626 (-58.0%), from €6,249 to €2,623
- Taxes -€1,185
down €1,185 (-63.2%), from €1,875 to €689
- Depreciation +€542
new in 2025: €542
- Financial charges +€416
up €416 (+140.4%), from €296 to €713
- Financial income +€150
up €150 (+150.5%), from €100 to €250
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 | €53,521 | €56,579 | +€3,058 | +5.7% |
| Fixed assets | 21/28 | - | €2,143 | +€2,143 | |
| Tangible fixed assets | 22/27 | - | €2,143 | +€2,143 | |
| Plant, machinery and equipment | 23 | - | €2,143 | +€2,143 | |
| Current assets | 29/58 | €53,521 | €54,435 | +€915 | +1.7% |
| Stocks and contracts in progress | 3 | €7,274 | €6,415 | -€859 | -11.8% |
| Stocks | 30/36 | €7,274 | €6,415 | -€859 | -11.8% |
| Amounts receivable within one year | 40/41 | €18,957 | €25,595 | +€6,638 | +35.0% |
| Trade receivables | 40 | €18,957 | €25,595 | +€6,638 | +35.0% |
| Cash at bank and in hand | 54/58 | €27,290 | €22,425 | -€4,864 | -17.8% |
| Total equity and liabilities | 10/49 | €53,521 | €56,579 | +€3,058 | +5.7% |
| Equity | 10/15 | €15,678 | €1,607 | -€14,071 | -89.7% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €14,678 | €607 | -€14,071 | -95.9% |
| Amounts payable | 17/49 | €37,843 | €54,972 | +€17,129 | +45.3% |
| Amounts payable within one year | 42/48 | €37,843 | €54,972 | +€17,129 | +45.3% |
| Trade debts | 44 | €1,424 | €5,980 | +€4,556 | +320.0% |
| Suppliers | 440/4 | €1,424 | €5,980 | +€4,556 | +320.0% |
| Taxes, remuneration and social security | 45 | €12,346 | €11,620 | -€725 | -5.9% |
| Taxes | 450/3 | €12,346 | €11,620 | -€725 | -5.9% |
| Other amounts payable | 47/48 | €24,073 | €37,372 | +€13,298 | +55.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €542 | +€542 | |
| Gross operating margin | 9900 | €6,249 | €2,623 | -€3,626 | -58.0% |
| Operating profit (loss) | 9901 | €6,249 | €2,081 | -€4,168 | -66.7% |
| Financial income | 75/76B | €100 | €250 | +€150 | +150.5% |
| Recurring financial income | 75 | €100 | €250 | +€150 | +150.5% |
| Financial charges | 65/66B | €296 | €713 | +€416 | +140.4% |
| Recurring financial charges | 65 | €296 | €713 | +€416 | +140.4% |
| Profit (loss) for the period before taxes | 9903 | €6,053 | €1,618 | -€4,434 | -73.3% |
| Income taxes | 67/77 | €1,875 | €689 | -€1,185 | -63.2% |
| Profit (loss) for the period | 9904 | €4,178 | €929 | -€3,249 | -77.8% |
| Profit (loss) for the period to be appropriated | 9905 | €4,178 | €929 | -€3,249 | -77.8% |
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 6 October 2026 via checked.be.