BnC Group: 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.
BnC Group
Largest movements
- Cash +€22,779
up €22,779 (+50.3%), from €45,325 to €68,104
mainly Depreciation (+€27,410) and Stocks and contracts (+€22,073)
- Stocks and contracts -€22,073
down €22,073 (-12.8%), from €171,986 to €149,914
- Tangible fixed assets -€15,093
down €15,093 (-9.9%), from €152,940 to €137,847
of which Land and buildings: -€10,100
- Receivables within one year -€11,900
down €11,900 (-21.8%), from €54,491 to €42,591
of which Trade receivables: -€11,443
- Reserves +€20,991
up €20,991 (+18.2%), from €115,169 to €136,160
- Trade debts -€19,001
down €19,001 (-18.9%), from €100,388 to €81,387
- Debts after one year -€17,860
down €17,860 (-43.7%), from €40,900 to €23,040
- Current portion of long-term debt -€8,374
down €8,374 (-27.2%), from €30,832 to €22,458
- Depreciation -€9,855
down €9,855 (-26.4%), from €37,265 to €27,410
- Financial charges -€5,307
down €5,307 (-36.8%), from €14,419 to €9,113
- Staff costs +€5,303
up €5,303 (+186.7%), from €2,841 to €8,144
- Gross operating margin -€4,465
down €4,465 (-5.2%), from €86,117 to €81,652
- Taxes +€1,572
up €1,572 (+25.3%), from €6,203 to €7,776
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 | €437,374 | €411,629 | -€25,745 | -5.9% |
| Fixed assets | 21/28 | €153,895 | €138,802 | -€15,093 | -9.8% |
| Tangible fixed assets | 22/27 | €152,940 | €137,847 | -€15,093 | -9.9% |
| Land and buildings | 22 | €90,716 | €80,616 | -€10,100 | -11.1% |
| Plant, machinery and equipment | 23 | €56,633 | €52,295 | -€4,338 | -7.7% |
| Furniture and vehicles | 24 | €5,591 | €4,937 | -€654 | -11.7% |
| Financial fixed assets | 28 | €955 | €955 | = | 0.0% |
| Current assets | 29/58 | €283,479 | €272,827 | -€10,652 | -3.8% |
| Stocks and contracts in progress | 3 | €171,986 | €149,914 | -€22,073 | -12.8% |
| Stocks | 30/36 | €171,986 | €149,914 | -€22,073 | -12.8% |
| Amounts receivable within one year | 40/41 | €54,491 | €42,591 | -€11,900 | -21.8% |
| Trade receivables | 40 | €54,034 | €42,591 | -€11,443 | -21.2% |
| Other amounts receivable | 41 | €457 | €0 | -€457 | -100.0% |
| Cash at bank and in hand | 54/58 | €45,325 | €68,104 | +€22,779 | +50.3% |
| Deferred charges and accrued income | 490/1 | €11,677 | €12,218 | +€542 | +4.6% |
| Total equity and liabilities | 10/49 | €437,374 | €411,629 | -€25,745 | -5.9% |
| Equity | 10/15 | €147,896 | €168,886 | +€20,991 | +14.2% |
| Contributions | 10/11 | €19,500 | €19,500 | = | 0.0% |
| Reserves | 13 | €115,169 | €136,160 | +€20,991 | +18.2% |
| Distributable reserves | 133 | €115,169 | €136,160 | +€20,991 | +18.2% |
| Profit (loss) carried forward | 14 | €13,227 | €13,227 | +€0 | 0.0% |
| Amounts payable | 17/49 | €289,479 | €242,743 | -€46,736 | -16.1% |
| Amounts payable after more than one year | 17 | €40,900 | €23,040 | -€17,860 | -43.7% |
| Financial debts | 170/4 | €40,900 | €23,040 | -€17,860 | -43.7% |
| Amounts payable within one year | 42/48 | €248,578 | €219,703 | -€28,876 | -11.6% |
| Current portion of amounts payable after more than one year | 42 | €30,832 | €22,458 | -€8,374 | -27.2% |
| Financial debts | 43 | €100,000 | €100,000 | = | 0.0% |
| Credit institutions | 430/8 | €100,000 | €100,000 | = | 0.0% |
| Trade debts | 44 | €100,388 | €81,387 | -€19,001 | -18.9% |
| Suppliers | 440/4 | €100,388 | €81,387 | -€19,001 | -18.9% |
| Advances received on contracts in progress | 46 | €875 | €1,125 | +€250 | +28.6% |
| Taxes, remuneration and social security | 45 | €16,483 | €13,056 | -€3,428 | -20.8% |
| Taxes | 450/3 | €14,003 | €10,576 | -€3,428 | -24.5% |
| Remuneration and social security | 454/9 | €2,480 | €2,480 | = | 0.0% |
| Other amounts payable | 47/48 | - | €1,677 | +€1,677 | |
| Non-recurring operating income | 76A | €1,500 | €0 | -€1,500 | -100.0% |
| Remuneration, social security and pensions | 62 | €2,841 | €8,144 | +€5,303 | +186.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €37,265 | €27,410 | -€9,855 | -26.4% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€106 | €0 | +€106 | |
| Other operating charges | 640/8 | €8,181 | €8,229 | +€48 | +0.6% |
| Gross operating margin | 9900 | €86,117 | €81,652 | -€4,465 | -5.2% |
| Operating profit (loss) | 9901 | €37,936 | €37,869 | -€67 | -0.2% |
| Financial income | 75/76B | €169 | €10 | -€159 | -94.3% |
| Recurring financial income | 75 | €169 | €10 | -€159 | -94.3% |
| Financial charges | 65/66B | €14,419 | €9,113 | -€5,307 | -36.8% |
| Recurring financial charges | 65 | €14,419 | €9,113 | -€5,307 | -36.8% |
| Profit (loss) for the period before taxes | 9903 | €23,686 | €28,766 | +€5,080 | +21.4% |
| Income taxes | 67/77 | €6,203 | €7,776 | +€1,572 | +25.3% |
| Profit (loss) for the period | 9904 | €17,483 | €20,991 | +€3,508 | +20.1% |
| Profit (loss) for the period to be appropriated | 9905 | €17,483 | €20,991 | +€3,508 | +20.1% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 10 October 2026 via checked.be.