B.D.C.: 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.C.
Largest movements
- Tangible fixed assets +€122,402
up €122,402 (+1,887%), from €6,486 to €128,888
of which Furniture and vehicles: +€124,923
- Receivables within one year +€66,402
up €66,402 (+130%), from €50,934 to €117,336
of which Other amounts receivable: +€59,975
- Stocks and contracts -€43,505
down €43,505 (-100%), from €43,505 to €0
- Deferred charges and accrued income -€24,519
down €24,519 (-89.5%), from €27,388 to €2,868
- Cash -€6,493
down €6,493 (-86.8%), from €7,484 to €991
mainly Investment in fixed assets (net) (-€130,493) and Receivables within one year (-€66,402)
- Other debts +€59,772
up €59,772 (+26,173%), from €228 to €60,000
- Reserves +€24,403
up €24,403 (+35.2%), from €69,259 to €93,662
of which Distributable reserves: +€24,403
- Trade debts +€21,030
up €21,030 (+409%), from €5,145 to €26,175
- Accrued charges and deferred income +€14,790
up €14,790 (+3,684%), from €401 to €15,191
- Short-term financial debts -€5,000
down €5,000 (-20.0%), from €25,000 to €20,000
- Gross operating margin +€28,594
up €28,594 (+135%), from €21,191 to €49,785
- Taxes +€6,073
up €6,073 (+174%), from €3,486 to €9,559
- Depreciation +€2,811
up €2,811 (+53.2%), from €5,280 to €8,091
- Financial charges -€2,379
down €2,379 (-44.6%), from €5,338 to €2,959
- Other operating charges -€2,370
down €2,370 (-60.2%), from €3,939 to €1,569
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 | €135,797 | €250,084 | +€114,286 | +84.2% |
| Fixed assets | 21/28 | €6,486 | €128,888 | +€122,402 | +1,887% |
| Tangible fixed assets | 22/27 | €6,486 | €128,888 | +€122,402 | +1,887% |
| Land and buildings | 22 | - | €2,158 | +€2,158 | |
| Plant, machinery and equipment | 23 | €6,167 | €1,488 | -€4,679 | -75.9% |
| Furniture and vehicles | 24 | €319 | €125,242 | +€124,923 | +39,161% |
| Current assets | 29/58 | €129,311 | €121,196 | -€8,115 | -6.3% |
| Stocks and contracts in progress | 3 | €43,505 | €0 | -€43,505 | -100% |
| Stocks | 30/36 | €43,505 | €0 | -€43,505 | -100% |
| Amounts receivable within one year | 40/41 | €50,934 | €117,336 | +€66,402 | +130% |
| Trade receivables | 40 | €50,431 | €56,858 | +€6,427 | +12.7% |
| Other amounts receivable | 41 | €503 | €60,478 | +€59,975 | +11,922% |
| Cash at bank and in hand | 54/58 | €7,484 | €991 | -€6,493 | -86.8% |
| Deferred charges and accrued income | 490/1 | €27,388 | €2,868 | -€24,519 | -89.5% |
| Total equity and liabilities | 10/49 | €135,797 | €250,084 | +€114,286 | +84.2% |
| Equity | 10/15 | €87,594 | €112,254 | +€24,659 | +28.2% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €69,259 | €93,662 | +€24,403 | +35.2% |
| Non-distributable reserves | 130/1 | €1,859 | €1,859 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,859 | €1,859 | = | 0.0% |
| Distributable reserves | 133 | €67,400 | €91,803 | +€24,403 | +36.2% |
| Profit (loss) carried forward | 14 | -€256 | €0 | +€256 | |
| Amounts payable | 17/49 | €48,203 | €137,830 | +€89,627 | +186% |
| Amounts payable within one year | 42/48 | €47,802 | €122,639 | +€74,837 | +157% |
| Financial debts | 43 | €25,000 | €20,000 | -€5,000 | -20.0% |
| Credit institutions | 430/8 | €25,000 | €20,000 | -€5,000 | -20.0% |
| Trade debts | 44 | €5,145 | €26,175 | +€21,030 | +409% |
| Suppliers | 440/4 | €5,145 | €26,175 | +€21,030 | +409% |
| Taxes, remuneration and social security | 45 | €17,428 | €16,464 | -€964 | -5.5% |
| Taxes | 450/3 | €17,428 | €14,091 | -€3,337 | -19.1% |
| Remuneration and social security | 454/9 | €0 | €2,373 | +€2,373 | |
| Other amounts payable | 47/48 | €228 | €60,000 | +€59,772 | +26,173% |
| Accrued charges and deferred income | 492/3 | €401 | €15,191 | +€14,790 | +3,684% |
| Remuneration, social security and pensions | 62 | €3,404 | €4,669 | +€1,265 | +37.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,280 | €8,091 | +€2,811 | +53.2% |
| Other operating charges | 640/8 | €3,939 | €1,569 | -€2,370 | -60.2% |
| Gross operating margin | 9900 | €21,191 | €49,785 | +€28,594 | +135% |
| Operating profit (loss) | 9901 | €8,568 | €35,456 | +€26,888 | +314% |
| Financial income | 75/76B | €0 | €1,721 | +€1,721 | +782,155% |
| Recurring financial income | 75 | €0 | €1,721 | +€1,721 | +782,155% |
| Financial charges | 65/66B | €5,338 | €2,959 | -€2,379 | -44.6% |
| Recurring financial charges | 65 | €5,338 | €2,959 | -€2,379 | -44.6% |
| Profit (loss) for the period before taxes | 9903 | €3,230 | €34,218 | +€30,988 | +959% |
| Income taxes | 67/77 | €3,486 | €9,559 | +€6,073 | +174% |
| Profit (loss) for the period | 9904 | -€256 | €24,659 | +€24,916 | |
| Profit (loss) for the period to be appropriated | 9905 | -€256 | €24,659 | +€24,916 |
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 17 October 2026 via checked.be.