ByCD: 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.
ByCD
Largest movements
- Cash +€48,448
up €48,448 (+35.2%), from €137,449 to €185,897
mainly Net result for the year (+€60,751) and Other debts (+€36,003)
- Intangible fixed assets -€10,000
down €10,000 (-16.9%), from €59,151 to €49,151
- Tangible fixed assets -€7,413
down €7,413 (-40.5%), from €18,323 to €10,910
- Deferred charges and accrued income -€4,422
down €4,422 (-24.1%), from €18,344 to €13,922
- Other debts +€36,003
up €36,003 (+60.6%), from €59,434 to €95,437
- Debts after one year -€6,062
down €6,062 (-8.6%), from €70,642 to €64,580
of which Financial debts: -€6,062
- Gross operating margin +€6,530
up €6,530 (+7.2%), from €91,144 to €97,674
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 | €233,266 | €260,373 | +€27,106 | +11.6% |
| Fixed assets | 21/28 | €77,474 | €60,060 | -€17,413 | -22.5% |
| Intangible fixed assets | 21 | €59,151 | €49,151 | -€10,000 | -16.9% |
| Tangible fixed assets | 22/27 | €18,323 | €10,910 | -€7,413 | -40.5% |
| Furniture and vehicles | 24 | €18,323 | €10,910 | -€7,413 | -40.5% |
| Current assets | 29/58 | €155,793 | €200,312 | +€44,520 | +28.6% |
| Amounts receivable within one year | 40/41 | €0 | €493 | +€493 | |
| Trade receivables | 40 | €0 | - | = | |
| Other amounts receivable | 41 | - | €493 | +€493 | |
| Cash at bank and in hand | 54/58 | €137,449 | €185,897 | +€48,448 | +35.2% |
| Deferred charges and accrued income | 490/1 | €18,344 | €13,922 | -€4,422 | -24.1% |
| Total equity and liabilities | 10/49 | €233,266 | €260,373 | +€27,106 | +11.6% |
| Equity | 10/15 | €93,226 | €93,977 | +€751 | +0.8% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €87,527 | €87,527 | = | 0.0% |
| Distributable reserves | 133 | €87,527 | €87,527 | = | 0.0% |
| Profit (loss) carried forward | 14 | €699 | €1,450 | +€751 | +108% |
| Amounts payable | 17/49 | €140,041 | €166,396 | +€26,355 | +18.8% |
| Amounts payable after more than one year | 17 | €70,642 | €64,580 | -€6,062 | -8.6% |
| Financial debts | 170/4 | €10,642 | €4,580 | -€6,062 | -57.0% |
| Other amounts payable | 178/9 | €60,000 | €60,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €69,399 | €101,816 | +€32,417 | +46.7% |
| Current portion of amounts payable after more than one year | 42 | €6,012 | €6,062 | +€50 | +0.8% |
| Trade debts | 44 | €1,409 | €316 | -€1,093 | -77.5% |
| Suppliers | 440/4 | €1,409 | €316 | -€1,093 | -77.5% |
| Taxes, remuneration and social security | 45 | €2,543 | €0 | -€2,543 | -100% |
| Taxes | 450/3 | €2,543 | €0 | -€2,543 | -100% |
| Other amounts payable | 47/48 | €59,434 | €95,437 | +€36,003 | +60.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €18,298 | €17,413 | -€884 | -4.8% |
| Other operating charges | 640/8 | €952 | €987 | +€35 | +3.7% |
| Gross operating margin | 9900 | €91,144 | €97,674 | +€6,530 | +7.2% |
| Operating profit (loss) | 9901 | €71,895 | €79,274 | +€7,379 | +10.3% |
| Financial income | 75/76B | €0 | €0 | +€0 | |
| Recurring financial income | 75 | €0 | €0 | +€0 | |
| Financial charges | 65/66B | €861 | €516 | -€345 | -40.1% |
| Recurring financial charges | 65 | €861 | €516 | -€345 | -40.1% |
| Profit (loss) for the period before taxes | 9903 | €71,034 | €78,758 | +€7,724 | +10.9% |
| Income taxes | 67/77 | €17,688 | €18,007 | +€318 | +1.8% |
| Profit (loss) for the period | 9904 | €53,345 | €60,751 | +€7,406 | +13.9% |
| Profit (loss) for the period to be appropriated | 9905 | €53,345 | €60,751 | +€7,406 | +13.9% |
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 15 October 2026 via checked.be.