B.D.G.: 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.G.
Largest movements
- Cash +€91,649
up €91,649 (+212.5%), from €43,131 to €134,780
mainly Current investments (+€90,000) and Net result for the year (+€5,778)
- Current investments -€90,000
down €90,000 (-100.0%), from €90,000 to €0
- Reserves +€5,778
up €5,778 (+9.7%), from €59,635 to €65,413
of which Distributable reserves: +€5,778
- Other debts -€1,900
down €1,900 (-27.3%), from €6,970 to €5,070
- Gross operating margin -€5,253
down €5,253 (-42.2%), from €12,443 to €7,190
- Financial income +€2,088
up €2,088 (+242.5%), from €861 to €2,949
- Taxes -€1,261
down €1,261 (-31.5%), from €4,007 to €2,746
- Other operating charges +€631
up €631, from €0 to €631
- Depreciation +€176
up €176 (+30.3%), from €581 to €757
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 | €137,896 | €140,061 | +€2,165 | +1.6% |
| Fixed assets | 21/28 | €1,463 | €706 | -€757 | -51.7% |
| Tangible fixed assets | 22/27 | €1,463 | €706 | -€757 | -51.7% |
| Furniture and vehicles | 24 | €1,463 | €706 | -€757 | -51.7% |
| Current assets | 29/58 | €136,433 | €139,355 | +€2,921 | +2.1% |
| Amounts receivable within one year | 40/41 | €3,282 | €4,564 | +€1,282 | +39.1% |
| Trade receivables | 40 | €2,031 | €2,426 | +€395 | +19.4% |
| Other amounts receivable | 41 | €1,251 | €2,138 | +€887 | +70.9% |
| Current investments | 50/53 | €90,000 | €0 | -€90,000 | -100.0% |
| Cash at bank and in hand | 54/58 | €43,131 | €134,780 | +€91,649 | +212.5% |
| Deferred charges and accrued income | 490/1 | €20 | €10 | -€9 | -47.4% |
| Total equity and liabilities | 10/49 | €137,896 | €140,061 | +€2,165 | +1.6% |
| Equity | 10/15 | €121,635 | €127,413 | +€5,778 | +4.8% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €59,635 | €65,413 | +€5,778 | +9.7% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Distributable reserves | 133 | €53,435 | €59,213 | +€5,778 | +10.8% |
| Amounts payable | 17/49 | €16,262 | €12,648 | -€3,613 | -22.2% |
| Amounts payable within one year | 42/48 | €15,280 | €12,648 | -€2,631 | -17.2% |
| Current portion of amounts payable after more than one year | 42 | €1,718 | €1,360 | -€357 | -20.8% |
| Trade debts | 44 | €5,481 | €5,278 | -€203 | -3.7% |
| Suppliers | 440/4 | €5,481 | €5,278 | -€203 | -3.7% |
| Taxes, remuneration and social security | 45 | €1,110 | €939 | -€171 | -15.4% |
| Taxes | 450/3 | €1,110 | €939 | -€171 | -15.4% |
| Other amounts payable | 47/48 | €6,970 | €5,070 | -€1,900 | -27.3% |
| Accrued charges and deferred income | 492/3 | €982 | €0 | -€982 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €581 | €757 | +€176 | +30.3% |
| Other operating charges | 640/8 | €0 | €631 | +€631 | |
| Gross operating margin | 9900 | €12,443 | €7,190 | -€5,253 | -42.2% |
| Operating profit (loss) | 9901 | €11,862 | €5,802 | -€6,060 | -51.1% |
| Financial income | 75/76B | €861 | €2,949 | +€2,088 | +242.5% |
| Recurring financial income | 75 | €861 | €2,949 | +€2,088 | +242.5% |
| Financial charges | 65/66B | €310 | €227 | -€83 | -26.7% |
| Recurring financial charges | 65 | €310 | €227 | -€83 | -26.7% |
| Profit (loss) for the period before taxes | 9903 | €12,414 | €8,524 | -€3,890 | -31.3% |
| Income taxes | 67/77 | €4,007 | €2,746 | -€1,261 | -31.5% |
| Profit (loss) for the period | 9904 | €8,406 | €5,778 | -€2,629 | -31.3% |
| Profit (loss) for the period to be appropriated | 9905 | €8,406 | €5,778 | -€2,629 | -31.3% |
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 10 October 2026 via checked.be.