BCT INVEST: 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.
BCT INVEST
Largest movements
- Cash -€23,514
down €23,514 (-25.6%), from €91,855 to €68,341
mainly Other debts (-€26,703) and Tax, wage and social debts (-€5,503)
- Receivables within one year -€1,857
down €1,857 (-76.9%), from €2,416 to €559
- Tangible fixed assets -€1,818
down €1,818 (-13.0%), from €14,027 to €12,209
of which Furniture and vehicles: -€2,323
- Stocks and contracts +€1,448
up €1,448 (+104%), from €1,398 to €2,846
- Deferred charges and accrued income +€1,417
up €1,417 (+34.0%), from €4,165 to €5,582
- Other debts -€26,703
down €26,703 (-97.6%), from €27,365 to €662
- Tax, wage and social debts -€5,503
down €5,503 (-12.1%), from €45,442 to €39,939
of which Taxes: -€6,620
- Profit (loss) carried forward +€4,545
up €4,545 (+16.0%), from -€28,471 to -€23,926
- Trade debts +€2,821
up €2,821 (+8.7%), from €32,541 to €35,362
- Staff costs +€60,971
up €60,971 (+41.9%), from €145,506 to €206,477
- Gross operating margin +€25,569
up €25,569 (+12.9%), from €197,527 to €223,096
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 | €121,877 | €97,037 | -€24,840 | -20.4% |
| Fixed assets | 21/28 | €22,043 | €19,709 | -€2,334 | -10.6% |
| Intangible fixed assets | 21 | €516 | - | -€516 | |
| Tangible fixed assets | 22/27 | €14,027 | €12,209 | -€1,818 | -13.0% |
| Plant, machinery and equipment | 23 | €1,993 | €1,327 | -€666 | -33.4% |
| Furniture and vehicles | 24 | €12,034 | €9,711 | -€2,323 | -19.3% |
| Other tangible fixed assets | 26 | - | €1,171 | +€1,171 | |
| Financial fixed assets | 28 | €7,500 | €7,500 | = | 0.0% |
| Current assets | 29/58 | €99,834 | €77,328 | -€22,506 | -22.5% |
| Stocks and contracts in progress | 3 | €1,398 | €2,846 | +€1,448 | +104% |
| Stocks | 30/36 | €1,398 | €2,846 | +€1,448 | +104% |
| Amounts receivable within one year | 40/41 | €2,416 | €559 | -€1,857 | -76.9% |
| Trade receivables | 40 | €2,416 | €559 | -€1,857 | -76.9% |
| Cash at bank and in hand | 54/58 | €91,855 | €68,341 | -€23,514 | -25.6% |
| Deferred charges and accrued income | 490/1 | €4,165 | €5,582 | +€1,417 | +34.0% |
| Total equity and liabilities | 10/49 | €121,877 | €97,037 | -€24,840 | -20.4% |
| Equity | 10/15 | €16,529 | €21,074 | +€4,545 | +27.5% |
| Contributions | 10/11 | €45,000 | €45,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€28,471 | -€23,926 | +€4,545 | +16.0% |
| Amounts payable | 17/49 | €105,348 | €75,963 | -€29,385 | -27.9% |
| Amounts payable within one year | 42/48 | €105,348 | €75,963 | -€29,385 | -27.9% |
| Trade debts | 44 | €32,541 | €35,362 | +€2,821 | +8.7% |
| Suppliers | 440/4 | €32,541 | €35,362 | +€2,821 | +8.7% |
| Taxes, remuneration and social security | 45 | €45,442 | €39,939 | -€5,503 | -12.1% |
| Taxes | 450/3 | €23,899 | €17,279 | -€6,620 | -27.7% |
| Remuneration and social security | 454/9 | €21,543 | €22,660 | +€1,117 | +5.2% |
| Other amounts payable | 47/48 | €27,365 | €662 | -€26,703 | -97.6% |
| Non-recurring operating income | 76A | €50 | - | -€50 | |
| Remuneration, social security and pensions | 62 | €145,506 | €206,477 | +€60,971 | +41.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,984 | €4,732 | +€748 | +18.8% |
| Other operating charges | 640/8 | €1,982 | €2,965 | +€983 | +49.6% |
| Gross operating margin | 9900 | €197,527 | €223,096 | +€25,569 | +12.9% |
| Operating profit (loss) | 9901 | €46,055 | €8,922 | -€37,133 | -80.6% |
| Financial income | 75/76B | €3 | €2 | -€1 | -33.3% |
| Recurring financial income | 75 | €3 | €2 | -€1 | -33.3% |
| Financial charges | 65/66B | €5,204 | €4,379 | -€825 | -15.9% |
| Recurring financial charges | 65 | €5,204 | €4,379 | -€825 | -15.9% |
| Profit (loss) for the period before taxes | 9903 | €40,854 | €4,545 | -€36,309 | -88.9% |
| Profit (loss) for the period | 9904 | €40,854 | €4,545 | -€36,309 | -88.9% |
| Profit (loss) for the period to be appropriated | 9905 | €40,854 | €4,545 | -€36,309 | -88.9% |
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.