BSY Management: 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.
BSY Management
Largest movements
- Cash -€14,500
down €14,500 (-38.9%), from €37,319 to €22,819
mainly Investment in fixed assets (net) (-€14,938) and Tax, wage and social debts (-€8,066)
- Tangible fixed assets +€11,693
up €11,693 (+82.9%), from €14,096 to €25,789
of which Furniture and vehicles: +€12,711
- Receivables within one year +€3,247
up €3,247 (+1,499%), from €217 to €3,464
- Tax, wage and social debts -€8,066
down €8,066 (-79.6%), from €10,128 to €2,062
- Reserves +€7,960
up €7,960 (+19.9%), from €40,007 to €47,967
- Trade debts +€546
up €546 (+199%), from €274 to €820
- Gross operating margin -€26,481
down €26,481 (-65.5%), from €40,449 to €13,968
- Taxes -€5,259
down €5,259 (-67.5%), from €7,797 to €2,538
- Depreciation +€2,474
up €2,474 (+320%), from €772 to €3,246
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 | €51,632 | €52,072 | +€440 | +0.9% |
| Fixed assets | 21/28 | €14,096 | €25,789 | +€11,693 | +82.9% |
| Tangible fixed assets | 22/27 | €14,096 | €25,789 | +€11,693 | +82.9% |
| Plant, machinery and equipment | 23 | €9,887 | €8,868 | -€1,018 | -10.3% |
| Furniture and vehicles | 24 | €4,210 | €16,921 | +€12,711 | +302% |
| Current assets | 29/58 | €37,535 | €26,283 | -€11,252 | -30.0% |
| Amounts receivable within one year | 40/41 | €217 | €3,464 | +€3,247 | +1,499% |
| Other amounts receivable | 41 | €217 | €3,464 | +€3,247 | +1,499% |
| Cash at bank and in hand | 54/58 | €37,319 | €22,819 | -€14,500 | -38.9% |
| Total equity and liabilities | 10/49 | €51,632 | €52,072 | +€440 | +0.9% |
| Equity | 10/15 | €41,007 | €48,967 | +€7,960 | +19.4% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Reserves | 13 | €40,007 | €47,967 | +€7,960 | +19.9% |
| Distributable reserves | 133 | €40,007 | €47,967 | +€7,960 | +19.9% |
| Amounts payable | 17/49 | €10,625 | €3,105 | -€7,520 | -70.8% |
| Amounts payable within one year | 42/48 | €10,625 | €3,105 | -€7,520 | -70.8% |
| Trade debts | 44 | €274 | €820 | +€546 | +199% |
| Suppliers | 440/4 | €274 | €820 | +€546 | +199% |
| Taxes, remuneration and social security | 45 | €10,128 | €2,062 | -€8,066 | -79.6% |
| Taxes | 450/3 | €10,128 | €2,062 | -€8,066 | -79.6% |
| Other amounts payable | 47/48 | €223 | €223 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €772 | €3,246 | +€2,474 | +320% |
| Other operating charges | 640/8 | €118 | €120 | +€2 | +1.7% |
| Gross operating margin | 9900 | €40,449 | €13,968 | -€26,481 | -65.5% |
| Operating profit (loss) | 9901 | €39,559 | €10,602 | -€28,957 | -73.2% |
| Financial income | 75/76B | €174 | - | -€174 | |
| Recurring financial income | 75 | €174 | - | -€174 | |
| Financial charges | 65/66B | €23 | €104 | +€81 | +352% |
| Recurring financial charges | 65 | €23 | €104 | +€81 | +352% |
| Profit (loss) for the period before taxes | 9903 | €39,710 | €10,498 | -€29,213 | -73.6% |
| Income taxes | 67/77 | €7,797 | €2,538 | -€5,259 | -67.5% |
| Profit (loss) for the period | 9904 | €31,913 | €7,960 | -€23,953 | -75.1% |
| Profit (loss) for the period to be appropriated | 9905 | €31,913 | €7,960 | -€23,953 | -75.1% |
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 18 October 2026 via checked.be.