BZC: 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.
BZC
Largest movements
- Cash +€59,088
up €59,088 (+38.0%), from €155,369 to €214,457
mainly Net result for the year (+€258,800) and Tax, wage and social debts (+€49,304)
- Tangible fixed assets -€33,788
down €33,788 (-16.4%), from €205,473 to €171,685
of which Furniture and vehicles: -€17,173
- Current investments -€25,000
down €25,000 (-50.0%), from €50,000 to €25,000
- Tax, wage and social debts +€49,304
up €49,304 (+362%), from €13,624 to €62,928
- Reserves -€47,720
down €47,720 (-15.6%), from €306,520 to €258,800
- Other debts +€5,793
up €5,793, from €0 to €5,793
- Gross operating margin +€186,728
up €186,728 (+93.2%), from €200,266 to €386,994
- Taxes +€45,584
up €45,584 (+118%), from €38,595 to €84,180
- Depreciation +€9,022
up €9,022 (+31.7%), from €28,449 to €37,471
- Financial charges +€4,350
up €4,350 (+104%), from €4,195 to €8,546
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €450,871 | €456,357 | +€5,487 | +1.2% |
| Fixed assets | 21/28 | €209,973 | €176,185 | -€33,788 | -16.1% |
| Tangible fixed assets | 22/27 | €205,473 | €171,685 | -€33,788 | -16.4% |
| Land and buildings | 22 | €88,291 | €78,309 | -€9,982 | -11.3% |
| Plant, machinery and equipment | 23 | €2,156 | €2,552 | +€396 | +18.4% |
| Furniture and vehicles | 24 | €83,821 | €66,648 | -€17,173 | -20.5% |
| Other tangible fixed assets | 26 | €31,205 | €24,176 | -€7,029 | -22.5% |
| Financial fixed assets | 28 | €4,500 | €4,500 | = | 0.0% |
| Current assets | 29/58 | €240,898 | €280,172 | +€39,274 | +16.3% |
| Amounts receivable within one year | 40/41 | €34,707 | €36,551 | +€1,844 | +5.3% |
| Trade receivables | 40 | €33,237 | €34,710 | +€1,474 | +4.4% |
| Other amounts receivable | 41 | €1,470 | €1,841 | +€371 | +25.2% |
| Current investments | 50/53 | €50,000 | €25,000 | -€25,000 | -50.0% |
| Cash at bank and in hand | 54/58 | €155,369 | €214,457 | +€59,088 | +38.0% |
| Deferred charges and accrued income | 490/1 | €822 | €4,164 | +€3,342 | +407% |
| Total equity and liabilities | 10/49 | €450,871 | €456,357 | +€5,487 | +1.2% |
| Equity | 10/15 | €325,120 | €277,400 | -€47,720 | -14.7% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €306,520 | €258,800 | -€47,720 | -15.6% |
| Distributable reserves | 133 | €306,520 | €258,800 | -€47,720 | -15.6% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €125,751 | €178,957 | +€53,206 | +42.3% |
| Amounts payable after more than one year | 17 | €105,000 | €105,000 | = | 0.0% |
| Financial debts | 170/4 | €80,000 | €80,000 | = | 0.0% |
| Other amounts payable | 178/9 | €25,000 | €25,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €20,751 | €73,819 | +€53,068 | +256% |
| Trade debts | 44 | €7,126 | €5,098 | -€2,029 | -28.5% |
| Suppliers | 440/4 | €7,126 | €5,098 | -€2,029 | -28.5% |
| Taxes, remuneration and social security | 45 | €13,624 | €62,928 | +€49,304 | +362% |
| Taxes | 450/3 | €13,624 | €62,928 | +€49,304 | +362% |
| Other amounts payable | 47/48 | €0 | €5,793 | +€5,793 | |
| Accrued charges and deferred income | 492/3 | - | €138 | +€138 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €28,449 | €37,471 | +€9,022 | +31.7% |
| Other operating charges | 640/8 | €873 | €1,315 | +€442 | +50.6% |
| Gross operating margin | 9900 | €200,266 | €386,994 | +€186,728 | +93.2% |
| Operating profit (loss) | 9901 | €170,943 | €348,208 | +€177,264 | +104% |
| Financial income | 75/76B | €499 | €3,318 | +€2,819 | +565% |
| Recurring financial income | 75 | €499 | €3,318 | +€2,819 | +565% |
| Financial charges | 65/66B | €4,195 | €8,546 | +€4,350 | +104% |
| Recurring financial charges | 65 | €4,195 | €8,546 | +€4,350 | +104% |
| Profit (loss) for the period before taxes | 9903 | €167,248 | €342,980 | +€175,733 | +105% |
| Income taxes | 67/77 | €38,595 | €84,180 | +€45,584 | +118% |
| Profit (loss) for the period | 9904 | €128,652 | €258,800 | +€130,148 | +101% |
| Profit (loss) for the period to be appropriated | 9905 | €128,652 | €258,800 | +€130,148 | +101% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 17 October 2026 via checked.be.