BCR Development: 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 Development
Largest movements
- Stocks and contracts +€528,473
up €528,473 (+17.0%), from €3.1m to €3.6m
- Receivables within one year -€244,982
down €244,982 (-26.9%), from €909,781 to €664,800
of which Other amounts receivable: -€422,206
- Cash -€109,696
down €109,696 (-36.9%), from €297,497 to €187,802
mainly Stocks and contracts (-€528,473) and Short-term financial debts (-€141,101)
- Other debts +€238,057
up €238,057 (+9.1%), from €2.6m to €2.8m
- Short-term financial debts -€141,101
down €141,101 (-9.7%), from €1.4m to €1.3m
- Reserves +€49,845
up €49,845 (+76.2%), from €65,455 to €115,300
- Gross operating margin +€59,181
up €59,181 (+382%), from €15,496 to €74,677
- Taxes +€16,861
up €16,861 (+817%), from €2,063 to €18,924
- Financial charges -€3,911
down €3,911 (-53.7%), from €7,287 to €3,377
- Depreciation +€1,587
new in 2025: €1,587
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 | €4,335,704 | €4,514,341 | +€178,638 | +4.1% |
| Fixed assets | 21/28 | - | €13,783 | +€13,783 | |
| Tangible fixed assets | 22/27 | - | €13,783 | +€13,783 | |
| Furniture and vehicles | 24 | - | €3,623 | +€3,623 | |
| Other tangible fixed assets | 26 | - | €10,161 | +€10,161 | |
| Current assets | 29/58 | €4,335,704 | €4,500,558 | +€164,855 | +3.8% |
| Stocks and contracts in progress | 3 | €3,117,726 | €3,646,198 | +€528,473 | +17.0% |
| Stocks | 30/36 | €3,117,726 | €3,646,198 | +€528,473 | +17.0% |
| Amounts receivable within one year | 40/41 | €909,781 | €664,800 | -€244,982 | -26.9% |
| Trade receivables | 40 | €185,794 | €363,018 | +€177,224 | +95.4% |
| Other amounts receivable | 41 | €723,988 | €301,782 | -€422,206 | -58.3% |
| Cash at bank and in hand | 54/58 | €297,497 | €187,802 | -€109,696 | -36.9% |
| Deferred charges and accrued income | 490/1 | €10,699 | €1,759 | -€8,941 | -83.6% |
| Total equity and liabilities | 10/49 | €4,335,704 | €4,514,341 | +€178,638 | +4.1% |
| Equity | 10/15 | €68,455 | €118,300 | +€49,845 | +72.8% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €65,455 | €115,300 | +€49,845 | +76.2% |
| Distributable reserves | 133 | €65,455 | €115,300 | +€49,845 | +76.2% |
| Amounts payable | 17/49 | €4,267,248 | €4,396,041 | +€128,793 | +3.0% |
| Amounts payable within one year | 42/48 | €4,267,248 | €4,396,041 | +€128,793 | +3.0% |
| Financial debts | 43 | €1,447,951 | €1,306,850 | -€141,101 | -9.7% |
| Credit institutions | 430/8 | €1,447,951 | €1,306,850 | -€141,101 | -9.7% |
| Trade debts | 44 | €181,315 | €220,290 | +€38,975 | +21.5% |
| Suppliers | 440/4 | €181,315 | €220,290 | +€38,975 | +21.5% |
| Taxes, remuneration and social security | 45 | €26,632 | €19,494 | -€7,138 | -26.8% |
| Taxes | 450/3 | €26,632 | €19,494 | -€7,138 | -26.8% |
| Other amounts payable | 47/48 | €2,611,351 | €2,849,407 | +€238,057 | +9.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €1,587 | +€1,587 | |
| Other operating charges | 640/8 | €1,086 | €1,118 | +€33 | +3.0% |
| Gross operating margin | 9900 | €15,496 | €74,677 | +€59,181 | +382% |
| Operating profit (loss) | 9901 | €14,411 | €71,971 | +€57,561 | +399% |
| Financial income | 75/76B | €111 | €174 | +€63 | +56.5% |
| Recurring financial income | 75 | €111 | €174 | +€63 | +56.5% |
| Financial charges | 65/66B | €7,287 | €3,377 | -€3,911 | -53.7% |
| Recurring financial charges | 65 | €7,287 | €3,377 | -€3,911 | -53.7% |
| Profit (loss) for the period before taxes | 9903 | €7,235 | €68,769 | +€61,534 | +851% |
| Income taxes | 67/77 | €2,063 | €18,924 | +€16,861 | +817% |
| Profit (loss) for the period | 9904 | €5,172 | €49,845 | +€44,673 | +864% |
| Profit (loss) for the period to be appropriated | 9905 | €5,172 | €49,845 | +€44,673 | +864% |
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 13 October 2026 via checked.be.