BCO-3: 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.
BCO-3
Largest movements
- Receivables within one year -€9,731
down €9,731 (-34.3%), from €28,396 to €18,665
of which Other amounts receivable: -€19,136
- Cash -€6,587
down €6,587 (-99.9%), from €6,592 to €4
mainly Net result for the year (-€12,331) and Investment in fixed assets (net) (-€2,607)
- Tangible fixed assets +€1,617
up €1,617 (+116.7%), from €1,386 to €3,004
of which Furniture and vehicles: +€1,867
- Profit (loss) carried forward -€12,331
down €12,331 (-52.6%), from €23,435 to €11,103
- Trade debts -€2,255
down €2,255 (-70.6%), from €3,194 to €939
- Gross operating margin -€40,983
down €40,983, from €29,846 to -€11,136
- Taxes -€6,091
no longer reported in 2025 (was €6,091)
- Depreciation +€669
up €669 (+208.3%), from €321 to €990
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 | €36,374 | €21,673 | -€14,700 | -40.4% |
| Fixed assets | 21/28 | €1,386 | €3,004 | +€1,617 | +116.7% |
| Tangible fixed assets | 22/27 | €1,386 | €3,004 | +€1,617 | +116.7% |
| Plant, machinery and equipment | 23 | €1,386 | €1,137 | -€250 | -18.0% |
| Furniture and vehicles | 24 | - | €1,867 | +€1,867 | |
| Current assets | 29/58 | €34,987 | €18,670 | -€16,318 | -46.6% |
| Amounts receivable within one year | 40/41 | €28,396 | €18,665 | -€9,731 | -34.3% |
| Trade receivables | 40 | - | €9,406 | +€9,406 | |
| Other amounts receivable | 41 | €28,396 | €9,259 | -€19,136 | -67.4% |
| Cash at bank and in hand | 54/58 | €6,592 | €4 | -€6,587 | -99.9% |
| Total equity and liabilities | 10/49 | €36,374 | €21,673 | -€14,700 | -40.4% |
| Equity | 10/15 | €25,435 | €13,103 | -€12,331 | -48.5% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €23,435 | €11,103 | -€12,331 | -52.6% |
| Amounts payable | 17/49 | €10,939 | €8,570 | -€2,369 | -21.7% |
| Amounts payable within one year | 42/48 | €10,939 | €8,570 | -€2,369 | -21.7% |
| Trade debts | 44 | €3,194 | €939 | -€2,255 | -70.6% |
| Suppliers | 440/4 | €3,194 | €939 | -€2,255 | -70.6% |
| Taxes, remuneration and social security | 45 | €7,745 | €7,632 | -€114 | -1.5% |
| Taxes | 450/3 | €7,745 | €7,632 | -€114 | -1.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €321 | €990 | +€669 | +208.3% |
| Gross operating margin | 9900 | €29,846 | -€11,136 | -€40,983 | |
| Operating profit (loss) | 9901 | €29,525 | -€12,126 | -€41,651 | |
| Financial charges | 65/66B | - | €205 | +€205 | |
| Recurring financial charges | 65 | - | €205 | +€205 | |
| Profit (loss) for the period before taxes | 9903 | €29,525 | -€12,331 | -€41,857 | |
| Income taxes | 67/77 | €6,091 | - | -€6,091 | |
| Profit (loss) for the period | 9904 | €23,435 | -€12,331 | -€35,766 | |
| Profit (loss) for the period to be appropriated | 9905 | €23,435 | -€12,331 | -€35,766 |
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 12 October 2026 via checked.be.