B.D.A. Management: 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.
B.D.A. Management
Largest movements
- Cash +€163,492
up €163,492 (+96.3%), from €169,812 to €333,304
mainly Net result for the year (+€148,852) and Other debts (+€125,949)
- Deferred charges and accrued income -€22,339
down €22,339 (-96.8%), from €23,072 to €733
- Receivables within one year +€6,150
up €6,150 (+11.6%), from €53,105 to €59,255
of which Trade receivables: +€20,181
- Other debts +€125,949
up €125,949 (+93.9%), from €134,097 to €260,046
- Tax, wage and social debts +€21,720
up €21,720 (+95.2%), from €22,820 to €44,539
of which Taxes: +€14,162
- Gross operating margin +€72,621
up €72,621 (+35.3%), from €205,640 to €278,261
- Taxes +€22,980
up €22,980 (+109%), from €21,047 to €44,027
- Staff costs -€14,175
down €14,175 (-15.1%), from €93,989 to €79,814
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 | €260,995 | €405,699 | +€144,704 | +55.4% |
| Fixed assets | 21/28 | €15,007 | €12,407 | -€2,600 | -17.3% |
| Tangible fixed assets | 22/27 | €14,747 | €12,147 | -€2,600 | -17.6% |
| Furniture and vehicles | 24 | €6,113 | €4,827 | -€1,285 | -21.0% |
| Other tangible fixed assets | 26 | €8,634 | €7,320 | -€1,314 | -15.2% |
| Financial fixed assets | 28 | €260 | €260 | = | 0.0% |
| Current assets | 29/58 | €245,988 | €393,292 | +€147,304 | +59.9% |
| Amounts receivable within one year | 40/41 | €53,105 | €59,255 | +€6,150 | +11.6% |
| Trade receivables | 40 | €20,147 | €40,328 | +€20,181 | +100% |
| Other amounts receivable | 41 | €32,958 | €18,927 | -€14,031 | -42.6% |
| Cash at bank and in hand | 54/58 | €169,812 | €333,304 | +€163,492 | +96.3% |
| Deferred charges and accrued income | 490/1 | €23,072 | €733 | -€22,339 | -96.8% |
| Total equity and liabilities | 10/49 | €260,995 | €405,699 | +€144,704 | +55.4% |
| Equity | 10/15 | €99,772 | €99,772 | = | 0.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €69,860 | €69,860 | = | 0.0% |
| Distributable reserves | 133 | €69,860 | €69,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €11,312 | €11,312 | = | 0.0% |
| Amounts payable | 17/49 | €161,223 | €305,927 | +€144,704 | +89.8% |
| Amounts payable within one year | 42/48 | €159,048 | €305,921 | +€146,873 | +92.3% |
| Trade debts | 44 | €2,132 | €1,336 | -€796 | -37.3% |
| Suppliers | 440/4 | €1,848 | €1,336 | -€512 | -27.7% |
| Bills of exchange payable | 441 | €284 | - | -€284 | |
| Taxes, remuneration and social security | 45 | €22,820 | €44,539 | +€21,720 | +95.2% |
| Taxes | 450/3 | €11,617 | €25,779 | +€14,162 | +122% |
| Remuneration and social security | 454/9 | €11,203 | €18,760 | +€7,557 | +67.5% |
| Other amounts payable | 47/48 | €134,097 | €260,046 | +€125,949 | +93.9% |
| Accrued charges and deferred income | 492/3 | €2,175 | €6 | -€2,169 | -99.7% |
| Non-recurring operating income | 76A | €650 | - | -€650 | |
| Remuneration, social security and pensions | 62 | €93,989 | €79,814 | -€14,175 | -15.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,439 | €3,716 | +€277 | +8.1% |
| Other operating charges | 640/8 | €1,740 | €1,768 | +€28 | +1.6% |
| Non-recurring operating charges | 66A | €1,775 | - | -€1,775 | |
| Gross operating margin | 9900 | €205,640 | €278,261 | +€72,621 | +35.3% |
| Operating profit (loss) | 9901 | €104,696 | €192,962 | +€88,266 | +84.3% |
| Financial charges | 65/66B | €2,228 | €83 | -€2,145 | -96.3% |
| Recurring financial charges | 65 | €2,228 | €83 | -€2,145 | -96.3% |
| Profit (loss) for the period before taxes | 9903 | €102,468 | €192,879 | +€90,411 | +88.2% |
| Income taxes | 67/77 | €21,047 | €44,027 | +€22,980 | +109% |
| Profit (loss) for the period | 9904 | €81,421 | €148,852 | +€67,431 | +82.8% |
| Profit (loss) for the period to be appropriated | 9905 | €81,421 | €148,852 | +€67,431 | +82.8% |
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 15 October 2026 via checked.be.