BCS Belgium: 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 Belgium
Largest movements
- Receivables within one year -€147,037
down €147,037 (-35.0%), from €420,160 to €273,122
of which Trade receivables: -€180,582
- Cash +€78,025
up €78,025 (+586%), from €13,306 to €91,331
mainly Receivables within one year (+€147,037) and Net result for the year (+€17,044)
- Trade debts -€76,128
down €76,128 (-26.2%), from €290,817 to €214,689
- Debts after one year -€33,722
down €33,722 (-100%), from €33,722 to €0
- Profit (loss) carried forward +€17,044
up €17,044 (+30.3%), from €56,295 to €73,339
- Tax, wage and social debts +€10,621
up €10,621 (+71.8%), from €14,794 to €25,416
of which Taxes: +€6,766
- Other debts +€9,219
up €9,219, from €0 to €9,219
- Gross operating margin +€28,484
up €28,484 (+27.1%), from €104,934 to €133,418
- Staff costs +€26,932
up €26,932 (+38.1%), from €70,669 to €97,600
- Write-downs +€5,975
new in 2025: €5,975
- Financial charges -€3,440
down €3,440 (-99.1%), from €3,471 to €31
- Other operating charges +€1,966
up €1,966 (+1,666%), from €118 to €2,084
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 | €445,628 | €372,663 | -€72,966 | -16.4% |
| Fixed assets | 21/28 | €12,162 | €8,209 | -€3,953 | -32.5% |
| Tangible fixed assets | 22/27 | €12,162 | €8,209 | -€3,953 | -32.5% |
| Plant, machinery and equipment | 23 | €1,662 | €1,209 | -€453 | -27.3% |
| Furniture and vehicles | 24 | €10,500 | €7,000 | -€3,500 | -33.3% |
| Current assets | 29/58 | €433,466 | €364,454 | -€69,012 | -15.9% |
| Amounts receivable within one year | 40/41 | €420,160 | €273,122 | -€147,037 | -35.0% |
| Trade receivables | 40 | €399,382 | €218,800 | -€180,582 | -45.2% |
| Other amounts receivable | 41 | €20,777 | €54,322 | +€33,545 | +161% |
| Cash at bank and in hand | 54/58 | €13,306 | €91,331 | +€78,025 | +586% |
| Total equity and liabilities | 10/49 | €445,628 | €372,663 | -€72,966 | -16.4% |
| Equity | 10/15 | €106,295 | €123,339 | +€17,044 | +16.0% |
| Contributions | 10/11 | €50,000 | €50,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €56,295 | €73,339 | +€17,044 | +30.3% |
| Amounts payable | 17/49 | €339,333 | €249,324 | -€90,009 | -26.5% |
| Amounts payable after more than one year | 17 | €33,722 | €0 | -€33,722 | -100% |
| Financial debts | 170/4 | €33,722 | €0 | -€33,722 | -100% |
| Amounts payable within one year | 42/48 | €305,611 | €249,324 | -€56,287 | -18.4% |
| Trade debts | 44 | €290,817 | €214,689 | -€76,128 | -26.2% |
| Suppliers | 440/4 | €290,817 | €214,689 | -€76,128 | -26.2% |
| Taxes, remuneration and social security | 45 | €14,794 | €25,416 | +€10,621 | +71.8% |
| Taxes | 450/3 | €7,094 | €13,860 | +€6,766 | +95.4% |
| Remuneration and social security | 454/9 | €7,701 | €11,556 | +€3,855 | +50.1% |
| Other amounts payable | 47/48 | €0 | €9,219 | +€9,219 | |
| Remuneration, social security and pensions | 62 | €70,669 | €97,600 | +€26,932 | +38.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,953 | €3,953 | = | 0.0% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €5,975 | +€5,975 | |
| Other operating charges | 640/8 | €118 | €2,084 | +€1,966 | +1,666% |
| Gross operating margin | 9900 | €104,934 | €133,418 | +€28,484 | +27.1% |
| Operating profit (loss) | 9901 | €30,194 | €23,806 | -€6,388 | -21.2% |
| Financial income | 75/76B | €0 | €0 | -€0 | -100% |
| Recurring financial income | 75 | €0 | €0 | -€0 | -100% |
| Financial charges | 65/66B | €3,471 | €31 | -€3,440 | -99.1% |
| Recurring financial charges | 65 | €3,471 | €31 | -€3,440 | -99.1% |
| Profit (loss) for the period before taxes | 9903 | €26,723 | €23,775 | -€2,949 | -11.0% |
| Income taxes | 67/77 | €7,094 | €6,731 | -€363 | -5.1% |
| Profit (loss) for the period | 9904 | €19,630 | €17,044 | -€2,586 | -13.2% |
| Profit (loss) for the period to be appropriated | 9905 | €19,630 | €17,044 | -€2,586 | -13.2% |
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 26 October 2026 via checked.be.