BCRM: 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.
BCRM
Largest movements
- Tangible fixed assets -€15,067
down €15,067 (-89.7%), from €16,806 to €1,739
- Cash +€14,209
up €14,209 (+29.9%), from €47,571 to €61,779
mainly Net result for the year (+€40,477) and Other debts (+€19,591)
- Financial fixed assets +€13,350
up €13,350 (+66.8%), from €20,000 to €33,350
- Deferred charges and accrued income +€11,103
new in 2025: €11,103
- Receivables within one year -€8,884
down €8,884 (-26.1%), from €34,075 to €25,191
of which Other amounts receivable: -€8,929
- Other debts +€19,591
new in 2025: €19,591
- Current portion of long-term debt -€8,896
no longer reported in 2025 (was €8,896)
- Reserves +€7,114
up €7,114 (+8.3%), from €85,363 to €92,477
- Trade debts -€2,470
down €2,470 (-61.8%), from €3,999 to €1,529
- Debts after one year -€1,483
no longer reported in 2025 (was €1,483)
- Depreciation -€12,663
down €12,663 (-91.3%), from €13,867 to €1,204
- Taxes +€2,965
up €2,965 (+25.6%), from €11,592 to €14,557
- Gross operating margin +€1,744
up €1,744 (+3.1%), from €56,125 to €57,868
- Financial charges +€1,356
up €1,356 (+727.4%), from €186 to €1,543
- Financial income +€1,160
up €1,160 (+203550.9%), from €1 to €1,161
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 | €118,451 | €133,162 | +€14,711 | +12.4% |
| Fixed assets | 21/28 | €36,806 | €35,089 | -€1,717 | -4.7% |
| Tangible fixed assets | 22/27 | €16,806 | €1,739 | -€15,067 | -89.7% |
| Furniture and vehicles | 24 | €16,806 | €1,739 | -€15,067 | -89.7% |
| Financial fixed assets | 28 | €20,000 | €33,350 | +€13,350 | +66.8% |
| Current assets | 29/58 | €81,645 | €98,073 | +€16,428 | +20.1% |
| Amounts receivable within one year | 40/41 | €34,075 | €25,191 | -€8,884 | -26.1% |
| Trade receivables | 40 | €11,888 | €11,933 | +€45 | +0.4% |
| Other amounts receivable | 41 | €22,186 | €13,258 | -€8,929 | -40.2% |
| Cash at bank and in hand | 54/58 | €47,571 | €61,779 | +€14,209 | +29.9% |
| Deferred charges and accrued income | 490/1 | - | €11,103 | +€11,103 | |
| Total equity and liabilities | 10/49 | €118,451 | €133,162 | +€14,711 | +12.4% |
| Equity | 10/15 | €90,363 | €97,477 | +€7,114 | +7.9% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €85,363 | €92,477 | +€7,114 | +8.3% |
| Distributable reserves | 133 | €85,363 | €92,477 | +€7,114 | +8.3% |
| Amounts payable | 17/49 | €28,089 | €35,686 | +€7,597 | +27.0% |
| Amounts payable after more than one year | 17 | €1,483 | - | -€1,483 | |
| Financial debts | 170/4 | €1,483 | - | -€1,483 | |
| Amounts payable within one year | 42/48 | €26,606 | €35,686 | +€9,080 | +34.1% |
| Current portion of amounts payable after more than one year | 42 | €8,896 | - | -€8,896 | |
| Trade debts | 44 | €3,999 | €1,529 | -€2,470 | -61.8% |
| Suppliers | 440/4 | €3,999 | €1,529 | -€2,470 | -61.8% |
| Taxes, remuneration and social security | 45 | €13,711 | €14,566 | +€855 | +6.2% |
| Taxes | 450/3 | €11,861 | €12,716 | +€855 | +7.2% |
| Remuneration and social security | 454/9 | €1,850 | €1,850 | = | 0.0% |
| Other amounts payable | 47/48 | - | €19,591 | +€19,591 | |
| Non-recurring operating income | 76A | - | €5,629 | +€5,629 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,867 | €1,204 | -€12,663 | -91.3% |
| Other operating charges | 640/8 | €1,109 | €1,249 | +€140 | +12.6% |
| Gross operating margin | 9900 | €56,125 | €57,868 | +€1,744 | +3.1% |
| Operating profit (loss) | 9901 | €41,149 | €55,415 | +€14,266 | +34.7% |
| Financial income | 75/76B | €1 | €1,161 | +€1,160 | +203550.9% |
| Recurring financial income | 75 | €1 | €1,161 | +€1,160 | +203550.9% |
| Financial charges | 65/66B | €186 | €1,543 | +€1,356 | +727.4% |
| Recurring financial charges | 65 | €186 | €1,543 | +€1,356 | +727.4% |
| Profit (loss) for the period before taxes | 9903 | €40,963 | €55,033 | +€14,070 | +34.3% |
| Income taxes | 67/77 | €11,592 | €14,557 | +€2,965 | +25.6% |
| Profit (loss) for the period | 9904 | €29,372 | €40,477 | +€11,105 | +37.8% |
| Profit (loss) for the period to be appropriated | 9905 | €29,372 | €40,477 | +€11,105 | +37.8% |
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 9 October 2026 via checked.be.