BCS EUROPE: 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 EUROPE
Largest movements
- Receivables within one year +€43,187
up €43,187 (+45.6%), from €94,799 to €137,986
of which Other amounts receivable: +€49,324
- Tangible fixed assets -€16,621
no longer reported in 2025 (was €16,621)
of which Land and buildings: -€15,902
- Other debts +€37,623
new in 2025: €37,623
- Profit (loss) carried forward -€14,385
down €14,385 (-12.5%), from -€114,993 to -€129,378
- Financial charges +€11,385
up €11,385 (+1,402%), from €812 to €12,196
- Depreciation -€3,522
no longer reported in 2025 (was €3,522)
- Gross operating margin +€2,644
up €2,644 (+85.2%), from -€3,103 to -€459
- Staff costs +€2,155
no longer reported in 2025 (was -€2,155)
- Other operating charges -€460
down €460 (-79.3%), from €580 to €120
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
Cash or the result is not a separate line in both sets of accounts; the cash flow cannot be derived from them.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €546,081 | €570,486 | +€24,405 | +4.5% |
| Fixed assets | 21/28 | €194,121 | €177,500 | -€16,621 | -8.6% |
| Tangible fixed assets | 22/27 | €16,621 | - | -€16,621 | |
| Land and buildings | 22 | €15,902 | - | -€15,902 | |
| Plant, machinery and equipment | 23 | €562 | - | -€562 | |
| Furniture and vehicles | 24 | €157 | - | -€157 | |
| Financial fixed assets | 28 | €177,500 | €177,500 | = | 0.0% |
| Current assets | 29/58 | €351,959 | €392,986 | +€41,027 | +11.7% |
| Amounts receivable after more than one year | 29 | €255,000 | €255,000 | = | 0.0% |
| Trade receivables | 290 | €255,000 | €255,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €94,799 | €137,986 | +€43,187 | +45.6% |
| Trade receivables | 40 | €8,449 | €2,311 | -€6,138 | -72.6% |
| Other amounts receivable | 41 | €86,350 | €135,674 | +€49,324 | +57.1% |
| Current investments | 50/53 | €2,160 | - | -€2,160 | |
| Total equity and liabilities | 10/49 | €546,081 | €570,486 | +€24,405 | +4.5% |
| Equity | 10/15 | €85,491 | €71,105 | -€14,385 | -16.8% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €181,891 | €181,891 | = | 0.0% |
| Non-distributable reserves | 130/1 | €310 | €310 | = | 0.0% |
| Reserves not available under the articles | 1311 | €310 | €310 | = | 0.0% |
| Distributable reserves | 133 | €181,581 | €181,581 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€114,993 | -€129,378 | -€14,385 | -12.5% |
| Provisions and deferred taxes | 16 | €128,000 | €128,000 | = | 0.0% |
| Provisions for liabilities and charges | 160/5 | €128,000 | €128,000 | = | 0.0% |
| Environmental obligations | 163 | €128,000 | €128,000 | = | 0.0% |
| Amounts payable | 17/49 | €332,590 | €371,380 | +€38,790 | +11.7% |
| Amounts payable within one year | 42/48 | €332,590 | €371,380 | +€38,790 | +11.7% |
| Current portion of amounts payable after more than one year | 42 | €128,768 | €130,000 | +€1,232 | +1.0% |
| Financial debts | 43 | €5,232 | €5,290 | +€58 | +1.1% |
| Credit institutions | 430/8 | €5,232 | €5,290 | +€58 | +1.1% |
| Trade debts | 44 | €198,467 | €198,467 | = | 0.0% |
| Suppliers | 440/4 | €198,467 | €198,467 | = | 0.0% |
| Taxes, remuneration and social security | 45 | €123 | - | -€123 | |
| Taxes | 450/3 | €123 | - | -€123 | |
| Other amounts payable | 47/48 | - | €37,623 | +€37,623 | |
| Remuneration, social security and pensions | 62 | -€2,155 | - | +€2,155 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,522 | - | -€3,522 | |
| Other operating charges | 640/8 | €580 | €120 | -€460 | -79.3% |
| Non-recurring operating charges | 66A | €47,005 | €16,621 | -€30,383 | -64.6% |
| Gross operating margin | 9900 | -€3,103 | -€459 | +€2,644 | +85.2% |
| Operating profit (loss) | 9901 | -€52,055 | -€17,201 | +€34,855 | +67.0% |
| Financial income | 75/76B | €15,022 | €15,012 | -€10 | -0.1% |
| Recurring financial income | 75 | €15,022 | €15,012 | -€10 | -0.1% |
| Financial charges | 65/66B | €812 | €12,196 | +€11,385 | +1,402% |
| Recurring financial charges | 65 | €812 | €12,196 | +€11,385 | +1,402% |
| Profit (loss) for the period before taxes | 9903 | -€37,845 | -€14,385 | +€23,460 | +62.0% |
| Profit (loss) for the period | 9904 | -€37,845 | -€14,385 | +€23,460 | +62.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€37,845 | -€14,385 | +€23,460 | +62.0% |
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 28 October 2026 via checked.be.