BCS 1: what changed
BCS 1
Largest movements
- Tangible fixed assets -€2,646
down €2,646 (-9.5%), from €27,968 to €25,322
of which Plant, machinery and equipment: -€9,379
- Cash -€1,571
down €1,571 (-13.4%), from €11,702 to €10,131
mainly Investment in fixed assets (net) (-€16,138) and Net result for the year (-€14,962)
- Receivables within one year -€1,121
down €1,121 (-92.2%), from €1,216 to €95
of which Other amounts receivable: -€1,169
- Stocks and contracts +€964
up €964 (+12.8%), from €7,524 to €8,488
- Profit (loss) carried forward -€14,962
down €14,962 (-45.4%), from -€32,926 to -€47,888
- Other debts +€9,354
up €9,354 (+15.8%), from €59,250 to €68,604
- Trade debts +€2,496
up €2,496 (+36.3%), from €6,870 to €9,367
- Tax, wage and social debts -€1,181
down €1,181 (-6.0%), from €19,768 to €18,587
of which Remuneration and social security: -€2,878
- Gross operating margin +€19,123
up €19,123, from -€580 to €18,543
- Staff costs -€1,700
down €1,700 (-17.5%), from €9,711 to €8,010
- Other operating charges +€1,574
up €1,574 (+55.0%), from €2,863 to €4,437
- Financial charges +€696
up €696 (+49.9%), from €1,395 to €2,090
- Depreciation +€322
up €322 (+1.7%), from €18,462 to €18,785
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €55,463 | €51,170 | -€4,293 | -7.7% |
| Fixed assets | 21/28 | €34,568 | €31,922 | -€2,646 | -7.7% |
| Tangible fixed assets | 22/27 | €27,968 | €25,322 | -€2,646 | -9.5% |
| Plant, machinery and equipment | 23 | €15,088 | €5,709 | -€9,379 | -62.2% |
| Furniture and vehicles | 24 | €12,880 | €19,613 | +€6,733 | +52.3% |
| Financial fixed assets | 28 | €6,600 | €6,600 | = | 0.0% |
| Current assets | 29/58 | €20,895 | €19,249 | -€1,646 | -7.9% |
| Stocks and contracts in progress | 3 | €7,524 | €8,488 | +€964 | +12.8% |
| Stocks | 30/36 | €7,524 | €8,488 | +€964 | +12.8% |
| Amounts receivable within one year | 40/41 | €1,216 | €95 | -€1,121 | -92.2% |
| Trade receivables | 40 | - | €48 | +€48 | |
| Other amounts receivable | 41 | €1,216 | €47 | -€1,169 | -96.1% |
| Cash at bank and in hand | 54/58 | €11,702 | €10,131 | -€1,571 | -13.4% |
| Deferred charges and accrued income | 490/1 | €453 | €535 | +€82 | +18.0% |
| Total equity and liabilities | 10/49 | €55,463 | €51,170 | -€4,293 | -7.7% |
| Equity | 10/15 | -€30,426 | -€45,388 | -€14,962 | -49.2% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€32,926 | -€47,888 | -€14,962 | -45.4% |
| Amounts payable | 17/49 | €85,889 | €96,558 | +€10,669 | +12.4% |
| Amounts payable within one year | 42/48 | €85,889 | €96,558 | +€10,669 | +12.4% |
| Trade debts | 44 | €6,870 | €9,367 | +€2,496 | +36.3% |
| Suppliers | 440/4 | €6,870 | €9,367 | +€2,496 | +36.3% |
| Taxes, remuneration and social security | 45 | €19,768 | €18,587 | -€1,181 | -6.0% |
| Taxes | 450/3 | €1,977 | €3,673 | +€1,697 | +85.8% |
| Remuneration and social security | 454/9 | €17,791 | €14,914 | -€2,878 | -16.2% |
| Other amounts payable | 47/48 | €59,250 | €68,604 | +€9,354 | +15.8% |
| Remuneration, social security and pensions | 62 | €9,711 | €8,010 | -€1,700 | -17.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €18,462 | €18,785 | +€322 | +1.7% |
| Other operating charges | 640/8 | €2,863 | €4,437 | +€1,574 | +55.0% |
| Gross operating margin | 9900 | -€580 | €18,543 | +€19,123 | |
| Operating profit (loss) | 9901 | -€31,617 | -€12,689 | +€18,927 | +59.9% |
| Financial income | 75/76B | €182 | - | -€182 | |
| Recurring financial income | 75 | €182 | - | -€182 | |
| Financial charges | 65/66B | €1,395 | €2,090 | +€696 | +49.9% |
| Recurring financial charges | 65 | €1,395 | €2,090 | +€696 | +49.9% |
| Profit (loss) for the period before taxes | 9903 | -€32,830 | -€14,780 | +€18,050 | +55.0% |
| Income taxes | 67/77 | €96 | €182 | +€86 | +89.5% |
| Profit (loss) for the period | 9904 | -€32,926 | -€14,962 | +€17,964 | +54.6% |
| Profit (loss) for the period to be appropriated | 9905 | -€32,926 | -€14,962 | +€17,964 | +54.6% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 6 November 2026 via checked.be.