BCG: 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.
BCG
Largest movements
- Receivables within one year -€120,701
down €120,701 (-49.9%), from €241,932 to €121,231
- Cash +€61,465
up €61,465 (+48.0%), from €127,969 to €189,434
mainly Receivables within one year (+€120,701) and Trade debts (+€602)
- Other debts -€32,839
down €32,839 (-88.6%), from €37,059 to €4,221
- Profit (loss) carried forward -€11,758
down €11,758 (-21.3%), from -€55,272 to -€67,030
- Accrued charges and deferred income -€7,865
no longer reported in 2025 (was €7,865)
- Tax, wage and social debts -€7,408
down €7,408 (-97.6%), from €7,593 to €185
- Gross operating margin -€280,661
down €280,661, from €270,985 to -€9,676
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 | €373,395 | €314,127 | -€59,268 | -15.9% |
| Fixed assets | 21/28 | €3,022 | €3,010 | -€12 | -0.4% |
| Tangible fixed assets | 22/27 | €3,022 | €3,010 | -€12 | -0.4% |
| Furniture and vehicles | 24 | €522 | €510 | -€12 | -2.3% |
| Other tangible fixed assets | 26 | €2,500 | €2,500 | = | 0.0% |
| Current assets | 29/58 | €370,373 | €311,118 | -€59,256 | -16.0% |
| Amounts receivable within one year | 40/41 | €241,932 | €121,231 | -€120,701 | -49.9% |
| Other amounts receivable | 41 | €241,932 | €121,231 | -€120,701 | -49.9% |
| Cash at bank and in hand | 54/58 | €127,969 | €189,434 | +€61,465 | +48.0% |
| Deferred charges and accrued income | 490/1 | €472 | €452 | -€20 | -4.2% |
| Total equity and liabilities | 10/49 | €373,395 | €314,127 | -€59,268 | -15.9% |
| Equity | 10/15 | €244,829 | €233,070 | -€11,758 | -4.8% |
| Contributions | 10/11 | €74,368 | €74,368 | = | 0.0% |
| Reserves | 13 | €225,733 | €225,733 | = | 0.0% |
| Tax-exempt reserves | 132 | €225,733 | €225,733 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€55,272 | -€67,030 | -€11,758 | -21.3% |
| Provisions and deferred taxes | 16 | €75,244 | €75,244 | = | 0.0% |
| Deferred taxes | 168 | €75,244 | €75,244 | = | 0.0% |
| Amounts payable | 17/49 | €53,322 | €5,813 | -€47,509 | -89.1% |
| Amounts payable within one year | 42/48 | €45,457 | €5,813 | -€39,644 | -87.2% |
| Trade debts | 44 | €805 | €1,407 | +€602 | +74.8% |
| Suppliers | 440/4 | €805 | €1,407 | +€602 | +74.8% |
| Taxes, remuneration and social security | 45 | €7,593 | €185 | -€7,408 | -97.6% |
| Taxes | 450/3 | €7,593 | €185 | -€7,408 | -97.6% |
| Other amounts payable | 47/48 | €37,059 | €4,221 | -€32,839 | -88.6% |
| Accrued charges and deferred income | 492/3 | €7,865 | - | -€7,865 | |
| Non-recurring operating income | 76A | €303,726 | - | -€303,726 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €234 | €344 | +€111 | +47.4% |
| Other operating charges | 640/8 | €336 | €2,676 | +€2,340 | +696% |
| Gross operating margin | 9900 | €270,985 | -€9,676 | -€280,661 | |
| Operating profit (loss) | 9901 | €270,415 | -€12,697 | -€283,111 | |
| Financial income | 75/76B | €0 | €171 | +€170 | +284,083% |
| Recurring financial income | 75 | €0 | €171 | +€170 | +284,083% |
| Financial charges | 65/66B | €2,529 | €1,862 | -€667 | -26.4% |
| Recurring financial charges | 65 | €2,529 | €1,862 | -€667 | -26.4% |
| Profit (loss) for the period before taxes | 9903 | €267,886 | -€14,388 | -€282,274 | |
| Transfer to deferred taxes | 680 | €75,244 | - | -€75,244 | |
| Income taxes | 67/77 | - | -€2,630 | -€2,630 | |
| Profit (loss) for the period | 9904 | €192,641 | -€11,758 | -€204,400 | |
| Transfer to tax-exempt reserves | 689 | €225,733 | - | -€225,733 | |
| Profit (loss) for the period to be appropriated | 9905 | -€33,091 | -€11,758 | +€21,333 | +64.5% |
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 25 October 2026 via checked.be.