BCS: 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.
BCS
Largest movements
- Cash +€46,631
up €46,631 (+66.0%), from €70,705 to €117,336
mainly Net result for the year (+€57,847) and Tax, wage and social debts (+€20,223)
- Tangible fixed assets -€16,135
down €16,135 (-8.2%), from €196,969 to €180,834
of which Land and buildings: -€8,503
- Receivables within one year +€8,029
up €8,029 (+19.2%), from €41,770 to €49,799
of which Trade receivables: +€26,671
- Reserves +€39,146
up €39,146 (+23.9%), from €163,750 to €202,896
of which Distributable reserves: +€39,146
- Tax, wage and social debts +€20,223
up €20,223 (+364%), from €5,556 to €25,779
- Debts after one year -€16,846
down €16,846 (-17.8%), from €94,426 to €77,580
- Current portion of long-term debt -€5,242
down €5,242 (-23.7%), from €22,088 to €16,846
- Gross operating margin +€17,077
up €17,077 (+20.6%), from €82,770 to €99,847
- Taxes +€7,320
up €7,320 (+42.2%), from €17,334 to €24,654
- Depreciation -€4,838
down €4,838 (-29.7%), from €16,286 to €11,448
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 | €315,657 | €352,379 | +€36,722 | +11.6% |
| Fixed assets | 21/28 | €200,614 | €184,479 | -€16,135 | -8.0% |
| Tangible fixed assets | 22/27 | €196,969 | €180,834 | -€16,135 | -8.2% |
| Land and buildings | 22 | €181,571 | €173,068 | -€8,503 | -4.7% |
| Plant, machinery and equipment | 23 | €8,431 | €6,805 | -€1,627 | -19.3% |
| Furniture and vehicles | 24 | €6,966 | €961 | -€6,005 | -86.2% |
| Financial fixed assets | 28 | €3,645 | €3,645 | = | 0.0% |
| Current assets | 29/58 | €115,043 | €167,900 | +€52,857 | +45.9% |
| Amounts receivable within one year | 40/41 | €41,770 | €49,799 | +€8,029 | +19.2% |
| Trade receivables | 40 | €7,458 | €34,129 | +€26,671 | +358% |
| Other amounts receivable | 41 | €34,312 | €15,670 | -€18,641 | -54.3% |
| Cash at bank and in hand | 54/58 | €70,705 | €117,336 | +€46,631 | +66.0% |
| Deferred charges and accrued income | 490/1 | €2,568 | €765 | -€1,804 | -70.2% |
| Total equity and liabilities | 10/49 | €315,657 | €352,379 | +€36,722 | +11.6% |
| Equity | 10/15 | €189,812 | €228,959 | +€39,147 | +20.6% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Contributions outside capital | 11 | €12,400 | €12,400 | = | 0.0% |
| Other | 1109/19 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €163,750 | €202,896 | +€39,146 | +23.9% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €161,890 | €201,036 | +€39,146 | +24.2% |
| Profit (loss) carried forward | 14 | €13,662 | €13,663 | +€1 | 0.0% |
| Amounts payable | 17/49 | €125,845 | €123,420 | -€2,425 | -1.9% |
| Amounts payable after more than one year | 17 | €94,426 | €77,580 | -€16,846 | -17.8% |
| Financial debts | 170/4 | €94,426 | €77,580 | -€16,846 | -17.8% |
| Amounts payable within one year | 42/48 | €31,419 | €45,840 | +€14,420 | +45.9% |
| Current portion of amounts payable after more than one year | 42 | €22,088 | €16,846 | -€5,242 | -23.7% |
| Trade debts | 44 | €1,535 | €2,670 | +€1,135 | +73.9% |
| Suppliers | 440/4 | €1,535 | €2,670 | +€1,135 | +73.9% |
| Taxes, remuneration and social security | 45 | €5,556 | €25,779 | +€20,223 | +364% |
| Taxes | 450/3 | €5,556 | €25,779 | +€20,223 | +364% |
| Other amounts payable | 47/48 | €2,240 | €545 | -€1,695 | -75.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €16,286 | €11,448 | -€4,838 | -29.7% |
| Other operating charges | 640/8 | €1,720 | €1,861 | +€142 | +8.2% |
| Gross operating margin | 9900 | €82,770 | €99,847 | +€17,077 | +20.6% |
| Operating profit (loss) | 9901 | €64,765 | €86,538 | +€21,773 | +33.6% |
| Financial income | 75/76B | €1 | €3 | +€2 | +168% |
| Recurring financial income | 75 | €1 | €3 | +€2 | +168% |
| Financial charges | 65/66B | €4,536 | €4,040 | -€496 | -10.9% |
| Recurring financial charges | 65 | €4,536 | €4,040 | -€496 | -10.9% |
| Profit (loss) for the period before taxes | 9903 | €60,230 | €82,501 | +€22,271 | +37.0% |
| Income taxes | 67/77 | €17,334 | €24,654 | +€7,320 | +42.2% |
| Profit (loss) for the period | 9904 | €42,897 | €57,847 | +€14,950 | +34.9% |
| Profit (loss) for the period to be appropriated | 9905 | €42,897 | €57,847 | +€14,950 | +34.9% |
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 27 October 2026 via checked.be.