BKC: 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.
BKC
Largest movements
- Stocks and contracts +€136,147
up €136,147 (+313%), from €43,493 to €179,640
- Financial fixed assets +€50,000
new in 2025: €50,000
- Tangible fixed assets +€41,783
up €41,783 (+39.8%), from €105,046 to €146,829
of which Furniture and vehicles: +€24,351
- Cash +€36,254
up €36,254 (+3,432%), from €1,056 to €37,311
mainly Short-term financial debts (+€150,000) and Trade debts (+€51,667)
- Receivables within one year +€16,670
up €16,670 (+154%), from €10,833 to €27,503
of which Trade receivables: +€9,540
- Short-term financial debts +€150,000
new in 2025: €150,000
- Trade debts +€51,667
up €51,667 (+713%), from €7,245 to €58,912
- Debts after one year +€34,952
up €34,952 (+70.5%), from €49,562 to €84,514
- Reserves +€33,429
up €33,429 (+83.7%), from €39,952 to €73,381
of which Distributable reserves: +€33,429
- Other debts -€11,970
down €11,970 (-100%), from €11,970 to €0
- Gross operating margin +€82,892
up €82,892 (+152%), from €54,595 to €137,487
- Staff costs +€27,160
up €27,160 (+1,298%), from €2,093 to €29,253
- Taxes +€19,704
up €19,704 (+288%), from €6,835 to €26,539
- Other operating charges +€7,658
up €7,658 (+374%), from €2,048 to €9,706
- Financial income -€6,285
down €6,285 (-93.3%), from €6,734 to €449
of which Non-recurring financial income: -€6,544
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 | €164,866 | €443,571 | +€278,705 | +169% |
| Fixed assets | 21/28 | €105,046 | €196,829 | +€91,783 | +87.4% |
| Tangible fixed assets | 22/27 | €105,046 | €146,829 | +€41,783 | +39.8% |
| Land and buildings | 22 | €75,743 | €82,997 | +€7,254 | +9.6% |
| Plant, machinery and equipment | 23 | €2,009 | €1,071 | -€937 | -46.7% |
| Furniture and vehicles | 24 | €27,294 | €51,645 | +€24,351 | +89.2% |
| Other tangible fixed assets | 26 | - | €11,115 | +€11,115 | |
| Financial fixed assets | 28 | - | €50,000 | +€50,000 | |
| Current assets | 29/58 | €59,820 | €246,742 | +€186,922 | +312% |
| Stocks and contracts in progress | 3 | €43,493 | €179,640 | +€136,147 | +313% |
| Stocks | 30/36 | €43,493 | €179,640 | +€136,147 | +313% |
| Amounts receivable within one year | 40/41 | €10,833 | €27,503 | +€16,670 | +154% |
| Trade receivables | 40 | - | €9,540 | +€9,540 | |
| Other amounts receivable | 41 | €10,833 | €17,964 | +€7,131 | +65.8% |
| Cash at bank and in hand | 54/58 | €1,056 | €37,311 | +€36,254 | +3,432% |
| Deferred charges and accrued income | 490/1 | €4,438 | €2,288 | -€2,149 | -48.4% |
| Total equity and liabilities | 10/49 | €164,866 | €443,571 | +€278,705 | +169% |
| Equity | 10/15 | €58,502 | €91,931 | +€33,429 | +57.1% |
| Contributions | 10/11 | €18,550 | €18,550 | = | 0.0% |
| Reserves | 13 | €39,952 | €73,381 | +€33,429 | +83.7% |
| Non-distributable reserves | 130/1 | €1,855 | €1,855 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,855 | €1,855 | = | 0.0% |
| Distributable reserves | 133 | €38,097 | €71,526 | +€33,429 | +87.7% |
| Amounts payable | 17/49 | €106,364 | €351,640 | +€245,276 | +231% |
| Amounts payable after more than one year | 17 | €49,562 | €84,514 | +€34,952 | +70.5% |
| Financial debts | 170/4 | €49,562 | €84,514 | +€34,952 | +70.5% |
| Amounts payable within one year | 42/48 | €56,049 | €264,649 | +€208,600 | +372% |
| Current portion of amounts payable after more than one year | 42 | €12,400 | €21,422 | +€9,023 | +72.8% |
| Financial debts | 43 | - | €150,000 | +€150,000 | |
| Credit institutions | 430/8 | - | €150,000 | +€150,000 | |
| Trade debts | 44 | €7,245 | €58,912 | +€51,667 | +713% |
| Suppliers | 440/4 | €7,245 | €58,912 | +€51,667 | +713% |
| Advances received on contracts in progress | 46 | €1,366 | €0 | -€1,366 | -100% |
| Taxes, remuneration and social security | 45 | €23,069 | €34,315 | +€11,246 | +48.8% |
| Taxes | 450/3 | €18,610 | €29,945 | +€11,335 | +60.9% |
| Remuneration and social security | 454/9 | €4,458 | €4,370 | -€88 | -2.0% |
| Other amounts payable | 47/48 | €11,970 | €0 | -€11,970 | -100% |
| Accrued charges and deferred income | 492/3 | €753 | €2,477 | +€1,724 | +229% |
| Non-recurring operating income | 76A | - | €14,594 | +€14,594 | |
| Remuneration, social security and pensions | 62 | €2,093 | €29,253 | +€27,160 | +1,298% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,756 | €13,696 | -€1,060 | -7.2% |
| Other operating charges | 640/8 | €2,048 | €9,706 | +€7,658 | +374% |
| Non-recurring operating charges | 66A | - | €733 | +€733 | |
| Gross operating margin | 9900 | €54,595 | €137,487 | +€82,892 | +152% |
| Operating profit (loss) | 9901 | €35,698 | €84,099 | +€48,401 | +136% |
| Financial income | 75/76B | €6,734 | €449 | -€6,285 | -93.3% |
| Recurring financial income | 75 | €189 | €449 | +€260 | +137% |
| Non-recurring financial income | 76B | €6,544 | - | -€6,544 | |
| Financial charges | 65/66B | €30,503 | €24,580 | -€5,923 | -19.4% |
| Recurring financial charges | 65 | €16,325 | €24,580 | +€8,255 | +50.6% |
| Non-recurring financial charges | 66B | €14,178 | - | -€14,178 | |
| Profit (loss) for the period before taxes | 9903 | €11,929 | €59,968 | +€48,040 | +403% |
| Income taxes | 67/77 | €6,835 | €26,539 | +€19,704 | +288% |
| Profit (loss) for the period | 9904 | €5,094 | €33,429 | +€28,336 | +556% |
| Profit (loss) for the period to be appropriated | 9905 | €5,094 | €33,429 | +€28,336 | +556% |
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 24 October 2026 via checked.be.