BSCOVERY: 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.
What changed
BSCOVERY
NACE 62.900, Other information technology and computer services
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
-€530,581
2024 · -€178,513-€352,068
Equity
€1.7m
2024 · €2.2m-€530,581
Cash
€132,938
2024 · €104,356+€28,582
Balance sheet total
€12.1m
2024 · €9.6m+€2.5m
Largest movements
Assets
- Intangible fixed assets +€4.1m
new in 2025: €4.1m
- Financial fixed assets -€1.3m
down €1.3m (-14.7%), from €9.0m to €7.7m
- Receivables within one year -€346,580
down €346,580 (-64.8%), from €534,701 to €188,121
of which Trade receivables: -€363,846
Equity and liabilities
- Other debts +€3.6m
up €3.6m (+54.9%), from €6.6m to €10.2m
- Profit (loss) carried forward -€530,581
down €530,581 (-62.6%), from -€846,982 to -€1.4m
- Current portion of long-term debt -€464,947
down €464,947 (-87.5%), from €531,343 to €66,396
Income statement
- Depreciation +€516,608
new in 2025: €516,608
- Gross operating margin +€360,377
up €360,377 (+1,141%), from €31,594 to €391,971
- Financial charges +€131,702
up €131,702 (+61.5%), from €214,187 to €345,889
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.
Result 2024
-€178,513
Gross operating margin
+€360,377
Depreciation
-€516,608
Other operating charges
-€528
Other operating items
-€65,426
Financial income
+€1,821
Financial charges
-€131,702
Result 2025
-€530,581
raises the resultlowers the resultnot broken down further in the accounts
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.
From operations
+€3.9m
Investment
-€3.3m
Financing
-€531,343
Cash 2024
€104,356
From operations (derived)
+€3.9m
Net result for the year
-€530,581
Depreciation
+€516,608
Receivables within one year
+€346,580
Deferred charges and accrued income
-€8,766
Trade debts
-€70,431
Other debts
+€3.6m
Investment (derived)
-€3.3m
Investment in fixed assets (net)
-€3.3m
Financing
-€531,343
Debts after one year
-€66,396
Current portion of long-term debt
-€464,947
Cash 2025
€132,938
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €9,635,507 | €12,099,925 | +€2.5m | +25.6% |
| Formation expenses | 20 | €0 | €0 | = | |
| Fixed assets | 21/28 | €8,996,450 | €11,770,100 | +€2.8m | +30.8% |
| Intangible fixed assets | 21 | - | €4,087,410 | +€4.1m | |
| Tangible fixed assets | 22/27 | - | €5,062 | +€5,062 | |
| Plant, machinery and equipment | 23 | - | €466 | +€466 | |
| Furniture and vehicles | 24 | - | €4,596 | +€4,596 | |
| Financial fixed assets | 28 | €8,996,450 | €7,677,628 | -€1.3m | -14.7% |
| Current assets | 29/58 | €639,057 | €329,824 | -€309,233 | -48.4% |
| Amounts receivable within one year | 40/41 | €534,701 | €188,121 | -€346,580 | -64.8% |
| Trade receivables | 40 | €369,746 | €5,900 | -€363,846 | -98.4% |
| Other amounts receivable | 41 | €164,955 | €182,221 | +€17,266 | +10.5% |
| Cash at bank and in hand | 54/58 | €104,356 | €132,938 | +€28,582 | +27.4% |
| Deferred charges and accrued income | 490/1 | - | €8,766 | +€8,766 | |
| Total equity and liabilities | 10/49 | €9,635,507 | €12,099,925 | +€2.5m | +25.6% |
| Equity | 10/15 | €2,185,281 | €1,654,700 | -€530,581 | -24.3% |
| Contributions | 10/11 | €3,026,113 | €3,026,113 | = | 0.0% |
| Capital | 10 | €3,026,113 | €3,026,113 | = | 0.0% |
| Issued capital | 100 | €3,026,113 | €3,026,113 | = | 0.0% |
| Reserves | 13 | €6,150 | €6,150 | = | 0.0% |
| Non-distributable reserves | 130/1 | €6,150 | €6,150 | = | 0.0% |
| Legal reserve | 130 | €6,150 | €6,150 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€846,982 | -€1,377,563 | -€530,581 | -62.6% |
| Amounts payable | 17/49 | €7,450,227 | €10,445,225 | +€3.0m | +40.2% |
| Amounts payable after more than one year | 17 | €154,467 | €88,071 | -€66,396 | -43.0% |
| Financial debts | 170/4 | €154,467 | €88,071 | -€66,396 | -43.0% |
| Amounts payable within one year | 42/48 | €7,295,760 | €10,357,154 | +€3.1m | +42.0% |
| Current portion of amounts payable after more than one year | 42 | €531,343 | €66,396 | -€464,947 | -87.5% |
| Financial debts | 43 | €0 | - | = | |
| Credit institutions | 430/8 | €0 | - | = | |
| Trade debts | 44 | €210,966 | €140,535 | -€70,431 | -33.4% |
| Suppliers | 440/4 | €210,966 | €140,535 | -€70,431 | -33.4% |
| Other amounts payable | 47/48 | €6,553,451 | €10,150,223 | +€3.6m | +54.9% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Non-recurring operating income | 76A | €32,038 | €47,500 | +€15,462 | +48.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €516,608 | +€516,608 | |
| Other operating charges | 640/8 | - | €528 | +€528 | |
| Non-recurring operating charges | 66A | - | €65,426 | +€65,426 | |
| Gross operating margin | 9900 | €31,594 | €391,971 | +€360,377 | +1,141% |
| Operating profit (loss) | 9901 | €31,594 | -€190,592 | -€222,186 | |
| Financial income | 75/76B | €4,080 | €5,900 | +€1,821 | +44.6% |
| Recurring financial income | 75 | €4,080 | €5,900 | +€1,821 | +44.6% |
| Financial charges | 65/66B | €214,187 | €345,889 | +€131,702 | +61.5% |
| Recurring financial charges | 65 | €214,187 | €345,889 | +€131,702 | +61.5% |
| Profit (loss) for the period before taxes | 9903 | -€178,513 | -€530,581 | -€352,068 | -197% |
| Profit (loss) for the period | 9904 | -€178,513 | -€530,581 | -€352,068 | -197% |
| Profit (loss) for the period to be appropriated | 9905 | -€178,513 | -€530,581 | -€352,068 | -197% |
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 21 October 2026 via checked.be.