Expert BCE Group: what changed
Two fiscal 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.
Expert BCE Group
Largest movements
- Stocks and contracts +€80,000
up €80,000 (+72.7%), from €110,000 to €190,000
- Receivables within one year -€42,369
down €42,369 (-43.7%), from €96,919 to €54,549
of which Trade receivables: -€42,369
- Tangible fixed assets -€8,104
down €8,104 (-34.3%), from €23,620 to €15,517
- Cash +€5,020
up €5,020 (+2231.1%), from €225 to €5,245
mainly Advances received (+€114,952) and Receivables within one year (+€42,369)
- Advances received +€114,952
up €114,952 (+3380.9%), from €3,400 to €118,352
- Trade debts -€104,637
down €104,637 (-74.5%), from €140,526 to €35,889
- Other debts +€21,350
up €21,350 (+191.6%), from €11,144 to €32,494
- Profit (loss) carried forward +€6,445
up €6,445 (+33.5%), from €19,259 to €25,703
- Tax, wage and social debts -€3,563
down €3,563 (-13.7%), from €25,946 to €22,383
of which Remuneration and social security: -€6,236
- Staff costs +€19,548
up €19,548 (+41.1%), from €47,578 to €67,126
- Gross operating margin +€18,764
up €18,764 (+26.1%), from €71,855 to €90,619
- Other operating charges -€4,575
down €4,575 (-51.3%), from €8,917 to €4,342
- Taxes +€3,104
new in 2025: €3,104
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.
Cash bridge derived
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 | €230,764 | €265,311 | +€34,547 | +15.0% |
| Fixed assets | 21/28 | €23,620 | €15,517 | -€8,104 | -34.3% |
| Tangible fixed assets | 22/27 | €23,620 | €15,517 | -€8,104 | -34.3% |
| Furniture and vehicles | 24 | €23,620 | €15,517 | -€8,104 | -34.3% |
| Current assets | 29/58 | €207,144 | €249,794 | +€42,651 | +20.6% |
| Stocks and contracts in progress | 3 | €110,000 | €190,000 | +€80,000 | +72.7% |
| Contracts in progress | 37 | €110,000 | €190,000 | +€80,000 | +72.7% |
| Amounts receivable within one year | 40/41 | €96,919 | €54,549 | -€42,369 | -43.7% |
| Trade receivables | 40 | €96,226 | €53,856 | -€42,369 | -44.0% |
| Other amounts receivable | 41 | €693 | €693 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €225 | €5,245 | +€5,020 | +2231.1% |
| Total equity and liabilities | 10/49 | €230,764 | €265,311 | +€34,547 | +15.0% |
| Equity | 10/15 | €49,749 | €56,193 | +€6,445 | +13.0% |
| Contributions | 10/11 | €30,000 | €30,000 | = | 0.0% |
| Reserves | 13 | €490 | €490 | = | 0.0% |
| Non-distributable reserves | 130/1 | €490 | €490 | = | 0.0% |
| Reserves not available under the articles | 1311 | €490 | €490 | = | 0.0% |
| Profit (loss) carried forward | 14 | €19,259 | €25,703 | +€6,445 | +33.5% |
| Amounts payable | 17/49 | €181,015 | €209,118 | +€28,103 | +15.5% |
| Amounts payable within one year | 42/48 | €181,015 | €209,118 | +€28,103 | +15.5% |
| Trade debts | 44 | €140,526 | €35,889 | -€104,637 | -74.5% |
| Suppliers | 440/4 | €140,526 | €35,889 | -€104,637 | -74.5% |
| Advances received on contracts in progress | 46 | €3,400 | €118,352 | +€114,952 | +3380.9% |
| Taxes, remuneration and social security | 45 | €25,946 | €22,383 | -€3,563 | -13.7% |
| Taxes | 450/3 | €7,323 | €9,997 | +€2,673 | +36.5% |
| Remuneration and social security | 454/9 | €18,622 | €12,386 | -€6,236 | -33.5% |
| Other amounts payable | 47/48 | €11,144 | €32,494 | +€21,350 | +191.6% |
| Remuneration, social security and pensions | 62 | €47,578 | €67,126 | +€19,548 | +41.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,210 | €8,104 | -€107 | -1.3% |
| Other operating charges | 640/8 | €8,917 | €4,342 | -€4,575 | -51.3% |
| Non-recurring operating charges | 66A | €1,388 | €1,360 | -€28 | -2.0% |
| Gross operating margin | 9900 | €71,855 | €90,619 | +€18,764 | +26.1% |
| Operating profit (loss) | 9901 | €5,763 | €9,688 | +€3,925 | +68.1% |
| Financial income | 75/76B | - | €3 | +€3 | |
| Recurring financial income | 75 | - | €3 | +€3 | |
| Financial charges | 65/66B | €278 | €142 | -€136 | -49.0% |
| Recurring financial charges | 65 | €278 | €142 | -€136 | -49.0% |
| Non-recurring financial charges | 66B | €278 | €142 | -€136 | -49.0% |
| Profit (loss) for the period before taxes | 9903 | €5,485 | €9,549 | +€4,064 | +74.1% |
| Income taxes | 67/77 | - | €3,104 | +€3,104 | |
| Profit (loss) for the period | 9904 | €5,485 | €6,445 | +€960 | +17.5% |
| Profit (loss) for the period to be appropriated | 9905 | €5,485 | €6,445 | +€960 | +17.5% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.