BCR: 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.
BCR
Largest movements
- Receivables within one year +€20,827
up €20,827 (+48.1%), from €43,288 to €64,115
of which Trade receivables: +€18,987
- Tangible fixed assets +€4,687
up €4,687 (+1,817%), from €258 to €4,944
of which Furniture and vehicles: +€4,400
- Cash -€2,370
down €2,370 (-70.5%), from €3,361 to €991
mainly Receivables within one year (-€20,827) and Investment in fixed assets (net) (-€5,126)
- Tax, wage and social debts +€10,967
up €10,967 (+229%), from €4,799 to €15,766
of which Remuneration and social security: +€10,495
- Trade debts +€6,269
up €6,269 (+238%), from €2,631 to €8,900
- Debts after one year +€5,500
new in 2025: €5,500
- Staff costs +€2,915
up €2,915 (+6.7%), from €43,440 to €46,355
- Other operating charges +€1,215
up €1,215 (+95.8%), from €1,268 to €2,483
- Gross operating margin +€1,159
up €1,159 (+2.4%), from €47,961 to €49,120
- Financial income -€611
down €611 (-26.2%), from €2,333 to €1,722
- Taxes -€556
down €556 (-37.0%), from €1,503 to €947
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €48,464 | €71,534 | +€23,069 | +47.6% |
| Fixed assets | 21/28 | €258 | €4,944 | +€4,687 | +1,817% |
| Tangible fixed assets | 22/27 | €258 | €4,944 | +€4,687 | +1,817% |
| Plant, machinery and equipment | 23 | €0 | €286 | +€286 | |
| Furniture and vehicles | 24 | €258 | €4,658 | +€4,400 | +1,706% |
| Current assets | 29/58 | €48,207 | €66,589 | +€18,383 | +38.1% |
| Amounts receivable within one year | 40/41 | €43,288 | €64,115 | +€20,827 | +48.1% |
| Trade receivables | 40 | €18,028 | €37,016 | +€18,987 | +105% |
| Other amounts receivable | 41 | €25,259 | €27,099 | +€1,840 | +7.3% |
| Cash at bank and in hand | 54/58 | €3,361 | €991 | -€2,370 | -70.5% |
| Deferred charges and accrued income | 490/1 | €1,558 | €1,484 | -€74 | -4.8% |
| Total equity and liabilities | 10/49 | €48,464 | €71,534 | +€23,069 | +47.6% |
| Equity | 10/15 | €41,034 | €41,367 | +€333 | +0.8% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €34,834 | €35,167 | +€333 | +1.0% |
| Distributable reserves | 133 | €34,834 | €35,167 | +€333 | +1.0% |
| Amounts payable | 17/49 | €7,430 | €30,166 | +€22,736 | +306% |
| Amounts payable after more than one year | 17 | - | €5,500 | +€5,500 | |
| Financial debts | 170/4 | - | €5,500 | +€5,500 | |
| Amounts payable within one year | 42/48 | €7,430 | €24,666 | +€17,236 | +232% |
| Trade debts | 44 | €2,631 | €8,900 | +€6,269 | +238% |
| Suppliers | 440/4 | €2,631 | €8,900 | +€6,269 | +238% |
| Taxes, remuneration and social security | 45 | €4,799 | €15,766 | +€10,967 | +229% |
| Taxes | 450/3 | €2,388 | €2,860 | +€472 | +19.8% |
| Remuneration and social security | 454/9 | €2,412 | €12,907 | +€10,495 | +435% |
| Remuneration, social security and pensions | 62 | €43,440 | €46,355 | +€2,915 | +6.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €514 | €439 | -€75 | -14.5% |
| Other operating charges | 640/8 | €1,268 | €2,483 | +€1,215 | +95.8% |
| Gross operating margin | 9900 | €47,961 | €49,120 | +€1,159 | +2.4% |
| Operating profit (loss) | 9901 | €2,740 | -€156 | -€2,896 | |
| Financial income | 75/76B | €2,333 | €1,722 | -€611 | -26.2% |
| Recurring financial income | 75 | €2,333 | €1,722 | -€611 | -26.2% |
| Financial charges | 65/66B | €189 | €285 | +€96 | +50.5% |
| Recurring financial charges | 65 | €189 | €285 | +€96 | +50.5% |
| Profit (loss) for the period before taxes | 9903 | €4,883 | €1,280 | -€3,603 | -73.8% |
| Income taxes | 67/77 | €1,503 | €947 | -€556 | -37.0% |
| Profit (loss) for the period | 9904 | €3,381 | €333 | -€3,047 | -90.1% |
| Profit (loss) for the period to be appropriated | 9905 | €3,381 | €333 | -€3,047 | -90.1% |
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 16 October 2026 via checked.be.