BNCN SPEDITION: 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.
BNCN SPEDITION
Largest movements
- Receivables within one year +€28,303
up €28,303 (+42.3%), from €66,900 to €95,203
of which Other amounts receivable: +€32,051
- Tangible fixed assets -€23,664
down €23,664 (-44.9%), from €52,757 to €29,092
- Cash +€7,250
up €7,250 (+55.5%), from €13,053 to €20,303
mainly Depreciation (+€23,664) and Current portion of long-term debt (+€18,000)
- Current portion of long-term debt +€18,000
new in 2025: €18,000
- Trade debts -€16,721
down €16,721 (-47.9%), from €34,905 to €18,184
- Other debts +€10,000
new in 2025: €10,000
- Profit (loss) carried forward -€2,861
down €2,861 (-3.2%), from €89,636 to €86,775
- Tax, wage and social debts +€2,273
up €2,273 (+9.5%), from €24,014 to €26,287
- Gross operating margin -€46,662
down €46,662 (-44.4%), from €105,017 to €58,356
- Depreciation +€10,805
up €10,805 (+84.0%), from €12,859 to €23,664
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 | €151,556 | €162,246 | +€10,690 | +7.1% |
| Fixed assets | 21/28 | €67,057 | €43,392 | -€23,664 | -35.3% |
| Tangible fixed assets | 22/27 | €52,757 | €29,092 | -€23,664 | -44.9% |
| Furniture and vehicles | 24 | €52,757 | €29,092 | -€23,664 | -44.9% |
| Financial fixed assets | 28 | €14,300 | €14,300 | = | 0.0% |
| Current assets | 29/58 | €84,499 | €118,853 | +€34,354 | +40.7% |
| Amounts receivable within one year | 40/41 | €66,900 | €95,203 | +€28,303 | +42.3% |
| Trade receivables | 40 | €25,492 | €21,744 | -€3,748 | -14.7% |
| Other amounts receivable | 41 | €41,408 | €73,459 | +€32,051 | +77.4% |
| Cash at bank and in hand | 54/58 | €13,053 | €20,303 | +€7,250 | +55.5% |
| Deferred charges and accrued income | 490/1 | €4,546 | €3,347 | -€1,199 | -26.4% |
| Total equity and liabilities | 10/49 | €151,556 | €162,246 | +€10,690 | +7.1% |
| Equity | 10/15 | €92,636 | €89,775 | -€2,861 | -3.1% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €89,636 | €86,775 | -€2,861 | -3.2% |
| Amounts payable | 17/49 | €58,919 | €72,471 | +€13,551 | +23.0% |
| Amounts payable within one year | 42/48 | €58,919 | €72,471 | +€13,551 | +23.0% |
| Current portion of amounts payable after more than one year | 42 | - | €18,000 | +€18,000 | |
| Trade debts | 44 | €34,905 | €18,184 | -€16,721 | -47.9% |
| Suppliers | 440/4 | €34,905 | €18,184 | -€16,721 | -47.9% |
| Taxes, remuneration and social security | 45 | €24,014 | €26,287 | +€2,273 | +9.5% |
| Taxes | 450/3 | €24,014 | €26,287 | +€2,273 | +9.5% |
| Other amounts payable | 47/48 | - | €10,000 | +€10,000 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,859 | €23,664 | +€10,805 | +84.0% |
| Other operating charges | 640/8 | €3,161 | €3,011 | -€149 | -4.7% |
| Gross operating margin | 9900 | €105,017 | €58,356 | -€46,662 | -44.4% |
| Operating profit (loss) | 9901 | €88,997 | €31,680 | -€57,317 | -64.4% |
| Financial income | 75/76B | €0 | €1 | +€1 | +900% |
| Recurring financial income | 75 | €0 | €1 | +€1 | +900% |
| Financial charges | 65/66B | €1,958 | €2,257 | +€298 | +15.2% |
| Recurring financial charges | 65 | €1,958 | €2,257 | +€298 | +15.2% |
| Profit (loss) for the period before taxes | 9903 | €87,039 | €29,424 | -€57,615 | -66.2% |
| Income taxes | 67/77 | €18,581 | €18,000 | -€581 | -3.1% |
| Profit (loss) for the period | 9904 | €68,459 | €11,424 | -€57,034 | -83.3% |
| Profit (loss) for the period to be appropriated | 9905 | €68,459 | €11,424 | -€57,034 | -83.3% |
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 19 October 2026 via checked.be.