BSCO: what changed
Two fiscal 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.
BSCO
Largest movements
- Cash +€102,169
up €102,169 (+10145.6%), from €1,007 to €103,176
mainly Receivables within one year (+€90,673) and Net result for the year (+€47,477)
- Receivables within one year -€90,673
down €90,673 (-97.3%), from €93,175 to €2,502
of which Trade receivables: -€90,434
- Tangible fixed assets +€31,618
up €31,618 (+20.5%), from €154,186 to €185,803
of which Assets under construction and advance payments: +€24,698
- Deferred charges and accrued income -€3,382
down €3,382 (-67.5%), from €5,010 to €1,628
- Profit (loss) carried forward +€47,477
up €47,477 (+23.1%), from €205,451 to €252,928
- Other debts -€14,161
down €14,161 (-90.6%), from €15,625 to €1,463
- Short-term financial debts +€12,000
new in 2025: €12,000
- Tax, wage and social debts -€8,929
down €8,929 (-48.5%), from €18,404 to €9,475
of which Remuneration and social security: -€4,950
- Trade debts +€3,346
new in 2025: €3,346
- Gross operating margin +€48,795
up €48,795 (+184.0%), from €26,525 to €75,320
- Taxes +€11,707
up €11,707 (+259.6%), from €4,510 to €16,217
- Depreciation +€3,972
up €3,972 (+68.1%), from €5,829 to €9,801
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 | €253,741 | €293,473 | +€39,732 | +15.7% |
| Fixed assets | 21/28 | €154,549 | €186,166 | +€31,618 | +20.5% |
| Tangible fixed assets | 22/27 | €154,186 | €185,803 | +€31,618 | +20.5% |
| Land and buildings | 22 | €142,511 | €145,716 | +€3,205 | +2.2% |
| Furniture and vehicles | 24 | €7,175 | €10,890 | +€3,715 | +51.8% |
| Assets under construction and advance payments | 27 | €4,500 | €29,198 | +€24,698 | +548.8% |
| Financial fixed assets | 28 | €363 | €363 | = | 0.0% |
| Current assets | 29/58 | €99,192 | €107,306 | +€8,115 | +8.2% |
| Amounts receivable within one year | 40/41 | €93,175 | €2,502 | -€90,673 | -97.3% |
| Trade receivables | 40 | €90,434 | - | -€90,434 | |
| Other amounts receivable | 41 | €2,741 | €2,502 | -€239 | -8.7% |
| Cash at bank and in hand | 54/58 | €1,007 | €103,176 | +€102,169 | +10145.6% |
| Deferred charges and accrued income | 490/1 | €5,010 | €1,628 | -€3,382 | -67.5% |
| Total equity and liabilities | 10/49 | €253,741 | €293,473 | +€39,732 | +15.7% |
| Equity | 10/15 | €219,711 | €267,188 | +€47,477 | +21.6% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €205,451 | €252,928 | +€47,477 | +23.1% |
| Amounts payable | 17/49 | €34,029 | €26,284 | -€7,745 | -22.8% |
| Amounts payable within one year | 42/48 | €34,029 | €26,284 | -€7,745 | -22.8% |
| Financial debts | 43 | - | €12,000 | +€12,000 | |
| Credit institutions | 430/8 | - | €12,000 | +€12,000 | |
| Trade debts | 44 | - | €3,346 | +€3,346 | |
| Suppliers | 440/4 | - | €3,346 | +€3,346 | |
| Taxes, remuneration and social security | 45 | €18,404 | €9,475 | -€8,929 | -48.5% |
| Taxes | 450/3 | €13,454 | €9,475 | -€3,979 | -29.6% |
| Remuneration and social security | 454/9 | €4,950 | - | -€4,950 | |
| Other amounts payable | 47/48 | €15,625 | €1,463 | -€14,161 | -90.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,829 | €9,801 | +€3,972 | +68.1% |
| Other operating charges | 640/8 | €1,407 | €1,222 | -€185 | -13.1% |
| Gross operating margin | 9900 | €26,525 | €75,320 | +€48,795 | +184.0% |
| Operating profit (loss) | 9901 | €19,289 | €64,297 | +€45,008 | +233.3% |
| Financial income | 75/76B | €241 | - | -€241 | |
| Recurring financial income | 75 | €241 | - | -€241 | |
| Financial charges | 65/66B | €173 | €603 | +€431 | +249.2% |
| Recurring financial charges | 65 | €173 | €603 | +€431 | +249.2% |
| Profit (loss) for the period before taxes | 9903 | €19,357 | €63,694 | +€44,337 | +229.1% |
| Income taxes | 67/77 | €4,510 | €16,217 | +€11,707 | +259.6% |
| Profit (loss) for the period | 9904 | €14,847 | €47,477 | +€32,631 | +219.8% |
| Profit (loss) for the period to be appropriated | 9905 | €14,847 | €47,477 | +€32,631 | +219.8% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.