BCSC: 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.
BCSC
Largest movements
- Financial fixed assets +€400,000
up €400,000 (+2,000%), from €20,000 to €420,000
- Receivables within one year -€87,490
down €87,490 (-87.6%), from €99,836 to €12,346
of which Trade receivables: -€97,486
- Stocks and contracts -€12,200
no longer reported in 2025 (was €12,200)
- Tangible fixed assets -€10,152
down €10,152 (-87.4%), from €11,617 to €1,464
of which Plant, machinery and equipment: -€6,382
- Intangible fixed assets -€9,216
no longer reported in 2025 (was €9,216)
- Debts after one year +€151,410
up €151,410 (+2,152%), from €7,034 to €158,445
- Current portion of long-term debt +€68,382
up €68,382 (+3,759%), from €1,819 to €70,201
- Trade debts +€43,249
up €43,249 (+179%), from €24,182 to €67,432
- Tax, wage and social debts -€30,378
down €30,378 (-58.4%), from €52,043 to €21,664
of which Remuneration and social security: -€19,413
- Profit (loss) carried forward +€20,235
up €20,235 (+50.1%), from €40,362 to €60,597
- Gross operating margin -€63,629
down €63,629 (-51.3%), from €123,935 to €60,305
- Staff costs -€58,766
down €58,766 (-81.9%), from €71,796 to €13,029
- Financial charges +€10,794
up €10,794 (+217%), from €4,968 to €15,762
- Taxes -€3,836
down €3,836 (-33.5%), from €11,460 to €7,624
- Depreciation -€2,119
down €2,119 (-87.6%), from €2,419 to €300
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 | €153,000 | €433,810 | +€280,810 | +184% |
| Fixed assets | 21/28 | €40,833 | €421,464 | +€380,631 | +932% |
| Intangible fixed assets | 21 | €9,216 | - | -€9,216 | |
| Tangible fixed assets | 22/27 | €11,617 | €1,464 | -€10,152 | -87.4% |
| Plant, machinery and equipment | 23 | €6,382 | - | -€6,382 | |
| Furniture and vehicles | 24 | €5,234 | €1,464 | -€3,770 | -72.0% |
| Financial fixed assets | 28 | €20,000 | €420,000 | +€400,000 | +2,000% |
| Current assets | 29/58 | €112,167 | €12,346 | -€99,821 | -89.0% |
| Stocks and contracts in progress | 3 | €12,200 | - | -€12,200 | |
| Stocks | 30/36 | €12,200 | - | -€12,200 | |
| Amounts receivable within one year | 40/41 | €99,836 | €12,346 | -€87,490 | -87.6% |
| Trade receivables | 40 | €99,836 | €2,350 | -€97,486 | -97.6% |
| Other amounts receivable | 41 | - | €9,996 | +€9,996 | |
| Deferred charges and accrued income | 490/1 | €131 | - | -€131 | |
| Total equity and liabilities | 10/49 | €153,000 | €433,810 | +€280,810 | +184% |
| Equity | 10/15 | €41,362 | €61,597 | +€20,235 | +48.9% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €40,362 | €60,597 | +€20,235 | +50.1% |
| Amounts payable | 17/49 | €111,638 | €372,214 | +€260,575 | +233% |
| Amounts payable after more than one year | 17 | €7,034 | €158,445 | +€151,410 | +2,152% |
| Financial debts | 170/4 | €7,034 | €158,445 | +€151,410 | +2,152% |
| Amounts payable within one year | 42/48 | €101,506 | €213,634 | +€112,128 | +110% |
| Current portion of amounts payable after more than one year | 42 | €1,819 | €70,201 | +€68,382 | +3,759% |
| Financial debts | 43 | €21,224 | €37,658 | +€16,434 | +77.4% |
| Credit institutions | 430/8 | €21,224 | €37,658 | +€16,434 | +77.4% |
| Trade debts | 44 | €24,182 | €67,432 | +€43,249 | +179% |
| Suppliers | 440/4 | €24,182 | €67,432 | +€43,249 | +179% |
| Taxes, remuneration and social security | 45 | €52,043 | €21,664 | -€30,378 | -58.4% |
| Taxes | 450/3 | €30,171 | €19,205 | -€10,966 | -36.3% |
| Remuneration and social security | 454/9 | €21,872 | €2,459 | -€19,413 | -88.8% |
| Other amounts payable | 47/48 | €2,238 | €16,679 | +€14,441 | +645% |
| Accrued charges and deferred income | 492/3 | €3,098 | €135 | -€2,963 | -95.7% |
| Remuneration, social security and pensions | 62 | €71,796 | €13,029 | -€58,766 | -81.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,419 | €300 | -€2,119 | -87.6% |
| Other operating charges | 640/8 | €4,621 | €3,473 | -€1,148 | -24.8% |
| Gross operating margin | 9900 | €123,935 | €60,305 | -€63,629 | -51.3% |
| Operating profit (loss) | 9901 | €45,099 | €43,503 | -€1,596 | -3.5% |
| Financial income | 75/76B | €652 | €118 | -€534 | -81.9% |
| Recurring financial income | 75 | €652 | €118 | -€534 | -81.9% |
| Financial charges | 65/66B | €4,968 | €15,762 | +€10,794 | +217% |
| Recurring financial charges | 65 | €4,968 | €15,762 | +€10,794 | +217% |
| Profit (loss) for the period before taxes | 9903 | €40,783 | €27,859 | -€12,924 | -31.7% |
| Income taxes | 67/77 | €11,460 | €7,624 | -€3,836 | -33.5% |
| Profit (loss) for the period | 9904 | €29,323 | €20,235 | -€9,088 | -31.0% |
| Profit (loss) for the period to be appropriated | 9905 | €29,323 | €20,235 | -€9,088 | -31.0% |
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 29 October 2026 via checked.be.