BYCON ASSOCIATES: 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.
BYCON ASSOCIATES
Largest movements
- Receivables within one year +€210,758
up €210,758 (+553%), from €38,133 to €248,891
of which Other amounts receivable: +€179,001
- Cash -€122,067
down €122,067 (-99.2%), from €123,034 to €967
mainly Receivables within one year (-€210,758) and Investment in fixed assets (net) (-€22,113)
- Tangible fixed assets +€12,426
up €12,426 (+8.4%), from €147,294 to €159,720
of which Furniture and vehicles: +€16,805
- Other debts +€54,300
new in 2025: €54,300
- Reserves +€42,344
up €42,344 (+14.4%), from €293,448 to €335,792
of which Distributable reserves: +€42,344
- Tax, wage and social debts +€6,395
up €6,395 (+191%), from €3,351 to €9,746
- Gross operating margin +€48,022
up €48,022 (+205%), from €23,377 to €71,399
- Taxes +€16,441
up €16,441 (+380%), from €4,324 to €20,764
- Depreciation -€4,027
down €4,027 (-29.4%), from €13,714 to €9,687
- Other operating charges +€1,248
up €1,248 (+135%), from €922 to €2,170
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 | €309,499 | €413,517 | +€104,017 | +33.6% |
| Fixed assets | 21/28 | €147,684 | €160,110 | +€12,426 | +8.4% |
| Tangible fixed assets | 22/27 | €147,294 | €159,720 | +€12,426 | +8.4% |
| Land and buildings | 22 | €134,973 | €130,594 | -€4,379 | -3.2% |
| Furniture and vehicles | 24 | €12,321 | €29,126 | +€16,805 | +136% |
| Financial fixed assets | 28 | €390 | €390 | = | 0.0% |
| Current assets | 29/58 | €161,816 | €253,407 | +€91,591 | +56.6% |
| Amounts receivable within one year | 40/41 | €38,133 | €248,891 | +€210,758 | +553% |
| Trade receivables | 40 | €4,874 | €36,630 | +€31,757 | +652% |
| Other amounts receivable | 41 | €33,260 | €212,261 | +€179,001 | +538% |
| Cash at bank and in hand | 54/58 | €123,034 | €967 | -€122,067 | -99.2% |
| Deferred charges and accrued income | 490/1 | €648 | €3,548 | +€2,900 | +447% |
| Total equity and liabilities | 10/49 | €309,499 | €413,517 | +€104,017 | +33.6% |
| Equity | 10/15 | €305,975 | €348,294 | +€42,320 | +13.8% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €293,448 | €335,792 | +€42,344 | +14.4% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €293,448 | €335,792 | +€42,344 | +14.4% |
| Profit (loss) carried forward | 14 | €126 | €102 | -€24 | -19.0% |
| Amounts payable | 17/49 | €3,524 | €65,222 | +€61,698 | +1,751% |
| Amounts payable within one year | 42/48 | €3,524 | €65,222 | +€61,698 | +1,751% |
| Financial debts | 43 | - | €4 | +€4 | |
| Credit institutions | 430/8 | - | €4 | +€4 | |
| Trade debts | 44 | €174 | €1,172 | +€998 | +575% |
| Suppliers | 440/4 | €174 | €1,172 | +€998 | +575% |
| Taxes, remuneration and social security | 45 | €3,351 | €9,746 | +€6,395 | +191% |
| Taxes | 450/3 | €3,351 | €9,746 | +€6,395 | +191% |
| Other amounts payable | 47/48 | - | €54,300 | +€54,300 | |
| Non-recurring operating income | 76A | - | €13,970 | +€13,970 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,714 | €9,687 | -€4,027 | -29.4% |
| Other operating charges | 640/8 | €922 | €2,170 | +€1,248 | +135% |
| Gross operating margin | 9900 | €23,377 | €71,399 | +€48,022 | +205% |
| Operating profit (loss) | 9901 | €8,741 | €59,542 | +€50,801 | +581% |
| Financial income | 75/76B | €3,542 | €3,701 | +€159 | +4.5% |
| Recurring financial income | 75 | €3,542 | €3,701 | +€159 | +4.5% |
| Financial charges | 65/66B | €49 | €136 | +€87 | +179% |
| Recurring financial charges | 65 | €49 | €136 | +€87 | +179% |
| Profit (loss) for the period before taxes | 9903 | €12,235 | €63,108 | +€50,873 | +416% |
| Income taxes | 67/77 | €4,324 | €20,764 | +€16,441 | +380% |
| Profit (loss) for the period | 9904 | €7,911 | €42,344 | +€34,433 | +435% |
| Profit (loss) for the period to be appropriated | 9905 | €7,911 | €42,344 | +€34,433 | +435% |
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 17 October 2026 via checked.be.