BCOH: 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.
What changed
BCOH
NACE 66.220, Insurance agents and brokers
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€360,571
2024 · €436,671-€76,100
Equity
€1.8m
2024 · €1.4m+€360,571
Cash
€1.9m
2024 · €1.5m+€414,629
Balance sheet total
€4.5m
2024 · €4.4m+€90,457
Largest movements
Assets
- Cash +€414,629
up €414,629 (+28.4%), from €1.5m to €1.9m
mainly Net result for the year (+€360,571) and Receivables within one year (+€286,529)
- Receivables within one year -€286,529
down €286,529 (-11.4%), from €2.5m to €2.2m
of which Trade receivables: -€312,320
Equity and liabilities
- Profit (loss) carried forward +€360,571
up €360,571 (+31.7%), from €1.1m to €1.5m
- Trade debts -€251,833
down €251,833 (-8.7%), from €2.9m to €2.6m
Income statement
- Gross operating margin -€81,539
down €81,539 (-9.0%), from €905,190 to €823,652
- Taxes -€26,355
down €26,355 (-18.9%), from €139,230 to €112,876
- Staff costs +€13,887
up €13,887 (+6.2%), from €225,006 to €238,893
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
€436,671
Gross operating margin
-€81,539
Staff costs
-€13,887
Depreciation
-€5,932
Write-downs
+€2,113
Other operating charges
-€5,520
Other operating items
+€9,273
Financial income
-€2,497
Financial charges
-€4,467
Taxes
+€26,355
Result 2025
€360,571
raises the resultlowers the resultnot broken down further in the accounts
Derived cash bridge
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
+€446,014
Investment
-€15,340
Financing
-€16,044
Cash 2024
€1.5m
From operations (derived)
+€446,014
Net result for the year
+€360,571
Depreciation
+€50,906
Receivables within one year
+€286,529
Deferred charges and accrued income
+€2,078
Trade debts
-€251,833
Tax, wage and social debts
-€2,237
Investment (derived)
-€15,340
Investment in fixed assets (net)
-€15,340
Financing
-€16,044
Debts after one year
-€16,639
Current portion of long-term debt
+€595
Cash 2025
€1.9m
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €4,405,779 | €4,496,235 | +€90,457 | +2.1% |
| Fixed assets | 21/28 | €429,779 | €394,213 | -€35,566 | -8.3% |
| Tangible fixed assets | 22/27 | €178,808 | €143,242 | -€35,566 | -19.9% |
| Furniture and vehicles | 24 | €135,594 | €94,863 | -€40,731 | -30.0% |
| Other tangible fixed assets | 26 | €43,214 | €48,379 | +€5,165 | +12.0% |
| Financial fixed assets | 28 | €250,971 | €250,971 | = | 0.0% |
| Current assets | 29/58 | €3,975,999 | €4,102,022 | +€126,023 | +3.2% |
| Amounts receivable after more than one year | 29 | €0 | - | = | |
| Other amounts receivable | 291 | €0 | - | = | |
| Amounts receivable within one year | 40/41 | €2,504,560 | €2,218,031 | -€286,529 | -11.4% |
| Trade receivables | 40 | €2,432,402 | €2,120,082 | -€312,320 | -12.8% |
| Other amounts receivable | 41 | €72,158 | €97,949 | +€25,792 | +35.7% |
| Cash at bank and in hand | 54/58 | €1,460,897 | €1,875,527 | +€414,629 | +28.4% |
| Deferred charges and accrued income | 490/1 | €10,542 | €8,464 | -€2,078 | -19.7% |
| Total equity and liabilities | 10/49 | €4,405,779 | €4,496,235 | +€90,457 | +2.1% |
| Equity | 10/15 | €1,425,058 | €1,785,629 | +€360,571 | +25.3% |
| Contributions | 10/11 | €152,000 | €152,000 | = | 0.0% |
| Capital | 10 | €152,000 | €152,000 | = | 0.0% |
| Issued capital | 100 | €152,000 | €152,000 | = | 0.0% |
| Reserves | 13 | €135,567 | €135,567 | = | 0.0% |
| Non-distributable reserves | 130/1 | €15,200 | €15,200 | = | 0.0% |
| Legal reserve | 130 | €15,200 | €15,200 | = | 0.0% |
| Distributable reserves | 133 | €120,367 | €120,367 | = | 0.0% |
| Profit (loss) carried forward | 14 | €1,137,491 | €1,498,062 | +€360,571 | +31.7% |
| Amounts payable | 17/49 | €2,980,721 | €2,710,607 | -€270,114 | -9.1% |
| Amounts payable after more than one year | 17 | €38,309 | €21,669 | -€16,639 | -43.4% |
| Financial debts | 170/4 | €38,309 | €21,669 | -€16,639 | -43.4% |
| Amounts payable within one year | 42/48 | €2,942,412 | €2,688,937 | -€253,475 | -8.6% |
| Current portion of amounts payable after more than one year | 42 | €16,044 | €16,639 | +€595 | +3.7% |
| Trade debts | 44 | €2,887,040 | €2,635,207 | -€251,833 | -8.7% |
| Suppliers | 440/4 | €2,887,040 | €2,635,207 | -€251,833 | -8.7% |
| Taxes, remuneration and social security | 45 | €39,329 | €37,091 | -€2,237 | -5.7% |
| Taxes | 450/3 | €0 | €64 | +€64 | |
| Remuneration and social security | 454/9 | €39,329 | €37,027 | -€2,301 | -5.9% |
| Non-recurring operating income | 76A | €9,451 | €0 | -€9,451 | -100% |
| Remuneration, social security and pensions | 62 | €225,006 | €238,893 | +€13,887 | +6.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €44,974 | €50,906 | +€5,932 | +13.2% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €2,113 | €0 | -€2,113 | -100% |
| Other operating charges | 640/8 | €95,471 | €100,990 | +€5,520 | +5.8% |
| Non-recurring operating charges | 66A | €9,273 | €0 | -€9,273 | -100% |
| Gross operating margin | 9900 | €905,190 | €823,652 | -€81,539 | -9.0% |
| Operating profit (loss) | 9901 | €528,353 | €432,863 | -€95,491 | -18.1% |
| Financial income | 75/76B | €50,176 | €47,679 | -€2,497 | -5.0% |
| Recurring financial income | 75 | €50,176 | €47,679 | -€2,497 | -5.0% |
| Financial charges | 65/66B | €2,628 | €7,095 | +€4,467 | +170% |
| Recurring financial charges | 65 | €2,628 | €7,095 | +€4,467 | +170% |
| Profit (loss) for the period before taxes | 9903 | €575,901 | €473,447 | -€102,454 | -17.8% |
| Income taxes | 67/77 | €139,230 | €112,876 | -€26,355 | -18.9% |
| Profit (loss) for the period | 9904 | €436,671 | €360,571 | -€76,100 | -17.4% |
| Profit (loss) for the period to be appropriated | 9905 | €436,671 | €360,571 | -€76,100 | -17.4% |
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 20 October 2026 via checked.be.