BCT Consult: 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.
What changed
BCT Consult
NACE 68.201, Renting and operating of own or leased residential real estate, excluding social housing
financial year 2025 against 2026filed annual accounts (NBB)
Net result for the year
€525,927
2025 · €753,176-€227,249
Equity
€2.2m
2025 · €3.0m-€817,833
Cash
€26,603
2025 · €35,075-€8,472
Balance sheet total
€2.4m
2025 · €3.3m-€904,361
Largest movements
Assets
- Current investments -€1.1m
down €1.1m (-52.3%), from €2.2m to €1.0m
- Receivables after one year +€228,638
up €228,638 (+31.0%), from €737,363 to €966,000
Equity and liabilities
- Reserves -€817,840
down €817,840 (-27.0%), from €3.0m to €2.2m
- Tax, wage and social debts -€56,416
down €56,416 (-70.8%), from €79,676 to €23,260
Income statement
- Gross operating margin -€467,105
down €467,105 (-43.9%), from €1.1m to €597,904
- Taxes -€137,154
down €137,154 (-39.3%), from €348,813 to €211,660
- Financial income +€100,373
up €100,373 (+141.1%), from €71,131 to €171,504
From the 2025 result to the 2026 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.
Result 2025
€753,176
Gross operating margin
-€467,105
Depreciation
-€1,626
Other operating charges
+€1,632
Other operating items
+€4,381
Financial income
+€100,373
Financial charges
-€2,057
Taxes
+€137,154
Result 2026
€525,927
Cash bridge derived
Derived from the 2025 and 2026 balance sheets and the 2026 result: not a filed cash-flow statement. It shows where the money came from and went.
From operations
+€239,272
Investment
+€1.1m
Financing
-€1.4m
Cash 2025
€35,075
From operations (derived)
+€239,272
Net result for the year
+€525,927
Depreciation
+€24,989
Receivables after one year
-€228,638
Smaller working-capital items
+€4,530
Deferred charges and accrued income
-€6,228
Trade debts
-€24,894
Tax, wage and social debts
-€56,416
Investment (derived)
+€1.1m
Investment in fixed assets (net)
-€40,072
Current investments
+€1.1m
Financing
-€1.4m
Debts after one year
-€9,741
Current portion of long-term debt
+€153
Contributions, distributions and other
-€1.3m
Cash 2026
€26,603
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €3,274,527 | €2,370,166 | -€904,361 | -27.6% |
| Fixed assets | 21/28 | €286,827 | €301,910 | +€15,082 | +5.3% |
| Tangible fixed assets | 22/27 | €283,810 | €298,893 | +€15,082 | +5.3% |
| Land and buildings | 22 | €274,789 | €279,121 | +€4,332 | +1.6% |
| Furniture and vehicles | 24 | €9,021 | €19,772 | +€10,750 | +119.2% |
| Financial fixed assets | 28 | €3,017 | €3,017 | = | 0.0% |
| Current assets | 29/58 | €2,987,700 | €2,068,256 | -€919,444 | -30.8% |
| Amounts receivable after more than one year | 29 | €737,363 | €966,000 | +€228,638 | +31.0% |
| Other amounts receivable | 291 | €737,363 | €966,000 | +€228,638 | +31.0% |
| Amounts receivable within one year | 40/41 | €2,303 | €2,142 | -€161 | -7.0% |
| Trade receivables | 40 | €2,142 | €2,142 | = | 0.0% |
| Other amounts receivable | 41 | €161 | - | -€161 | |
| Current investments | 50/53 | €2,188,917 | €1,043,241 | -€1.1m | -52.3% |
| Cash at bank and in hand | 54/58 | €35,075 | €26,603 | -€8,472 | -24.2% |
| Deferred charges and accrued income | 490/1 | €24,042 | €30,270 | +€6,228 | +25.9% |
| Total equity and liabilities | 10/49 | €3,274,527 | €2,370,166 | -€904,361 | -27.6% |
| Equity | 10/15 | €3,030,038 | €2,212,205 | -€817,833 | -27.0% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Contributions outside capital | 11 | €6,200 | €6,200 | = | 0.0% |
| Other | 1109/19 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €3,023,665 | €2,205,825 | -€817,840 | -27.0% |
| Distributable reserves | 133 | €3,023,665 | €2,205,825 | -€817,840 | -27.0% |
| Profit (loss) carried forward | 14 | €173 | €180 | +€7 | +4.2% |
| Amounts payable | 17/49 | €244,489 | €157,960 | -€86,529 | -35.4% |
| Amounts payable after more than one year | 17 | €109,815 | €100,075 | -€9,741 | -8.9% |
| Financial debts | 170/4 | €109,815 | €100,075 | -€9,741 | -8.9% |
| Amounts payable within one year | 42/48 | €127,722 | €49,684 | -€78,038 | -61.1% |
| Current portion of amounts payable after more than one year | 42 | €10,176 | €10,329 | +€153 | +1.5% |
| Trade debts | 44 | €31,404 | €6,511 | -€24,894 | -79.3% |
| Suppliers | 440/4 | €31,404 | €6,511 | -€24,894 | -79.3% |
| Advances received on contracts in progress | 46 | - | €157 | +€157 | |
| Taxes, remuneration and social security | 45 | €79,676 | €23,260 | -€56,416 | -70.8% |
| Taxes | 450/3 | €79,676 | €23,260 | -€56,416 | -70.8% |
| Other amounts payable | 47/48 | €6,466 | €9,427 | +€2,961 | +45.8% |
| Accrued charges and deferred income | 492/3 | €6,952 | €8,202 | +€1,251 | +18.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €23,363 | €24,989 | +€1,626 | +7.0% |
| Other operating charges | 640/8 | €2,523 | €891 | -€1,632 | -64.7% |
| Non-recurring operating charges | 66A | €4,381 | - | -€4,381 | |
| Gross operating margin | 9900 | €1,065,009 | €597,904 | -€467,105 | -43.9% |
| Operating profit (loss) | 9901 | €1,034,741 | €572,024 | -€462,718 | -44.7% |
| Financial income | 75/76B | €71,131 | €171,504 | +€100,373 | +141.1% |
| Recurring financial income | 75 | €71,131 | €171,504 | +€100,373 | +141.1% |
| Financial charges | 65/66B | €3,883 | €5,940 | +€2,057 | +53.0% |
| Recurring financial charges | 65 | €3,883 | €5,940 | +€2,057 | +53.0% |
| Profit (loss) for the period before taxes | 9903 | €1,101,989 | €737,587 | -€364,402 | -33.1% |
| Income taxes | 67/77 | €348,813 | €211,660 | -€137,154 | -39.3% |
| Profit (loss) for the period | 9904 | €753,176 | €525,927 | -€227,249 | -30.2% |
| Profit (loss) for the period to be appropriated | 9905 | €753,176 | €525,927 | -€227,249 | -30.2% |
Source: filed annual accounts (NBB), financial years ended 31 March 2025 and 31 March 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 10 October 2026 via checked.be.