BCTV: 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.
BCTV
Largest movements
- Current investments +€93,228
up €93,228 (+111.5%), from €83,620 to €176,848
- Cash -€23,687
down €23,687 (-8.7%), from €272,660 to €248,973
mainly Current investments (-€93,228) and Receivables within one year (-€15,765)
- Tangible fixed assets -€20,514
down €20,514 (-22.5%), from €91,375 to €70,861
of which Plant, machinery and equipment: -€18,923
- Receivables within one year +€15,765
up €15,765 (+65.3%), from €24,159 to €39,925
of which Trade receivables: +€13,780
- Reserves +€56,000
up €56,000 (+16.5%), from €339,701 to €395,701
- Trade debts +€18,079
up €18,079 (+70.0%), from €25,831 to €43,909
- Tax, wage and social debts -€6,875
down €6,875 (-60.6%), from €11,347 to €4,472
of which Taxes: -€6,774
- Gross operating margin -€14,910
down €14,910 (-11.0%), from €135,710 to €120,800
- Depreciation +€4,966
up €4,966 (+31.9%), from €15,548 to €20,514
- Taxes -€4,885
down €4,885 (-19.6%), from €24,938 to €20,053
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.
Cash bridge derived
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 | €476,587 | €541,967 | +€65,380 | +13.7% |
| Fixed assets | 21/28 | €91,375 | €70,861 | -€20,514 | -22.5% |
| Tangible fixed assets | 22/27 | €91,375 | €70,861 | -€20,514 | -22.5% |
| Plant, machinery and equipment | 23 | €88,070 | €69,148 | -€18,923 | -21.5% |
| Furniture and vehicles | 24 | €3,305 | €1,713 | -€1,591 | -48.2% |
| Current assets | 29/58 | €385,212 | €471,105 | +€85,894 | +22.3% |
| Stocks and contracts in progress | 3 | €4,527 | €5,123 | +€596 | +13.2% |
| Stocks | 30/36 | €4,527 | €5,123 | +€596 | +13.2% |
| Amounts receivable within one year | 40/41 | €24,159 | €39,925 | +€15,765 | +65.3% |
| Trade receivables | 40 | €18,742 | €32,522 | +€13,780 | +73.5% |
| Other amounts receivable | 41 | €5,417 | €7,403 | +€1,986 | +36.7% |
| Current investments | 50/53 | €83,620 | €176,848 | +€93,228 | +111.5% |
| Cash at bank and in hand | 54/58 | €272,660 | €248,973 | -€23,687 | -8.7% |
| Deferred charges and accrued income | 490/1 | €246 | €237 | -€9 | -3.8% |
| Total equity and liabilities | 10/49 | €476,587 | €541,967 | +€65,380 | +13.7% |
| Equity | 10/15 | €414,260 | €465,688 | +€51,428 | +12.4% |
| 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 | €339,701 | €395,701 | +€56,000 | +16.5% |
| Distributable reserves | 133 | €339,701 | €395,701 | +€56,000 | +16.5% |
| Profit (loss) carried forward | 14 | €68,359 | €63,787 | -€4,572 | -6.7% |
| Amounts payable | 17/49 | €62,327 | €76,279 | +€13,952 | +22.4% |
| Amounts payable within one year | 42/48 | €62,327 | €76,279 | +€13,952 | +22.4% |
| Trade debts | 44 | €25,831 | €43,909 | +€18,079 | +70.0% |
| Suppliers | 440/4 | €25,831 | €43,909 | +€18,079 | +70.0% |
| Taxes, remuneration and social security | 45 | €11,347 | €4,472 | -€6,875 | -60.6% |
| Taxes | 450/3 | €8,394 | €1,620 | -€6,774 | -80.7% |
| Remuneration and social security | 454/9 | €2,953 | €2,852 | -€101 | -3.4% |
| Other amounts payable | 47/48 | €25,149 | €27,898 | +€2,749 | +10.9% |
| Non-recurring operating income | 76A | €1,500 | - | -€1,500 | |
| Remuneration, social security and pensions | 62 | €22,127 | €21,860 | -€267 | -1.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,548 | €20,514 | +€4,966 | +31.9% |
| Other operating charges | 640/8 | €940 | €1,060 | +€120 | +12.8% |
| Gross operating margin | 9900 | €135,710 | €120,800 | -€14,910 | -11.0% |
| Operating profit (loss) | 9901 | €97,095 | €77,366 | -€19,729 | -20.3% |
| Financial income | 75/76B | €205 | €831 | +€627 | +306.4% |
| Recurring financial income | 75 | €205 | €831 | +€627 | +306.4% |
| Financial charges | 65/66B | €2,530 | €1,316 | -€1,213 | -48.0% |
| Recurring financial charges | 65 | €2,530 | €1,316 | -€1,213 | -48.0% |
| Profit (loss) for the period before taxes | 9903 | €94,770 | €76,881 | -€17,889 | -18.9% |
| Income taxes | 67/77 | €24,938 | €20,053 | -€4,885 | -19.6% |
| Profit (loss) for the period | 9904 | €69,831 | €56,828 | -€13,004 | -18.6% |
| Profit (loss) for the period to be appropriated | 9905 | €69,831 | €56,828 | -€13,004 | -18.6% |
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 12 October 2026 via checked.be.