BCL Projects: 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.
BCL Projects
Largest movements
- Cash -€14,390
down €14,390 (-69.1%), from €20,837 to €6,447
mainly Net result for the year (-€13,894) and Receivables within one year (-€7,666)
- Receivables within one year +€7,666
up €7,666 (+626.3%), from €1,224 to €8,890
of which Trade receivables: +€8,309
- Receivables after one year -€5,000
down €5,000 (-50.0%), from €10,000 to €5,000
- Deferred charges and accrued income -€873
down €873 (-95.5%), from €914 to €41
- Tangible fixed assets -€837
down €837 (-31.0%), from €2,697 to €1,860
- Profit (loss) carried forward -€13,894
down €13,894 (-24.4%), from -€56,844 to -€70,739
- Trade debts +€2,330
up €2,330 (+165.2%), from €1,411 to €3,741
- Tax, wage and social debts -€1,173
down €1,173 (-82.4%), from €1,424 to €251
- Other debts -€697
no longer reported in 2025 (was €697)
- Gross operating margin -€16,530
down €16,530, from €4,570 to -€11,960
- Other operating charges +€725
up €725 (+324.5%), from €223 to €948
- Taxes +€654
no longer reported in 2025 (was -€654)
- Depreciation -€459
down €459 (-35.4%), from €1,295 to €837
- Financial income -€246
down €246 (-56.2%), from €438 to €192
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 | €35,673 | €22,239 | -€13,433 | -37.7% |
| Fixed assets | 21/28 | €2,697 | €1,860 | -€837 | -31.0% |
| Tangible fixed assets | 22/27 | €2,697 | €1,860 | -€837 | -31.0% |
| Furniture and vehicles | 24 | €2,697 | €1,860 | -€837 | -31.0% |
| Current assets | 29/58 | €32,975 | €20,379 | -€12,597 | -38.2% |
| Amounts receivable after more than one year | 29 | €10,000 | €5,000 | -€5,000 | -50.0% |
| Other amounts receivable | 291 | €10,000 | €5,000 | -€5,000 | -50.0% |
| Amounts receivable within one year | 40/41 | €1,224 | €8,890 | +€7,666 | +626.3% |
| Trade receivables | 40 | - | €8,309 | +€8,309 | |
| Other amounts receivable | 41 | €1,224 | €581 | -€643 | -52.5% |
| Cash at bank and in hand | 54/58 | €20,837 | €6,447 | -€14,390 | -69.1% |
| Deferred charges and accrued income | 490/1 | €914 | €41 | -€873 | -95.5% |
| Total equity and liabilities | 10/49 | €35,673 | €22,239 | -€13,433 | -37.7% |
| Equity | 10/15 | €32,141 | €18,247 | -€13,894 | -43.2% |
| Contributions | 10/11 | €85,000 | €85,000 | = | 0.0% |
| Capital | 10 | €85,000 | €85,000 | = | 0.0% |
| Issued capital | 100 | €100,000 | €100,000 | = | 0.0% |
| Uncalled capital | 101 | €15,000 | €15,000 | = | 0.0% |
| Reserves | 13 | €3,986 | €3,986 | = | 0.0% |
| Distributable reserves | 133 | €3,986 | €3,986 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€56,844 | -€70,739 | -€13,894 | -24.4% |
| Amounts payable | 17/49 | €3,531 | €3,992 | +€461 | +13.1% |
| Amounts payable within one year | 42/48 | €3,531 | €3,992 | +€461 | +13.1% |
| Trade debts | 44 | €1,411 | €3,741 | +€2,330 | +165.2% |
| Suppliers | 440/4 | €1,411 | €3,741 | +€2,330 | +165.2% |
| Taxes, remuneration and social security | 45 | €1,424 | €251 | -€1,173 | -82.4% |
| Taxes | 450/3 | €1,424 | €251 | -€1,173 | -82.4% |
| Other amounts payable | 47/48 | €697 | - | -€697 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,295 | €837 | -€459 | -35.4% |
| Other operating charges | 640/8 | €223 | €948 | +€725 | +324.5% |
| Gross operating margin | 9900 | €4,570 | -€11,960 | -€16,530 | |
| Operating profit (loss) | 9901 | €3,051 | -€13,745 | -€16,796 | |
| Financial income | 75/76B | €438 | €192 | -€246 | -56.2% |
| Recurring financial income | 75 | €438 | €192 | -€246 | -56.2% |
| Financial charges | 65/66B | €528 | €341 | -€187 | -35.4% |
| Recurring financial charges | 65 | €528 | €341 | -€187 | -35.4% |
| Profit (loss) for the period before taxes | 9903 | €2,960 | -€13,894 | -€16,855 | |
| Income taxes | 67/77 | -€654 | - | +€654 | |
| Profit (loss) for the period | 9904 | €3,615 | -€13,894 | -€17,509 | |
| Profit (loss) for the period to be appropriated | 9905 | €3,615 | -€13,894 | -€17,509 |
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 12 October 2026 via checked.be.