B&D GROUP: what changed
Two fiscal 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 GROUP
Largest movements
- Tangible fixed assets -€10,913
down €10,913 (-13.0%), from €84,123 to €73,210
of which Plant, machinery and equipment: -€10,723
- Receivables within one year -€3,775
down €3,775 (-82.4%), from €4,580 to €805
of which Other amounts receivable: -€2,123
- Cash +€2,387
up €2,387 (+16.8%), from €14,202 to €16,589
mainly Depreciation (+€11,840) and Net result for the year (+€5,115)
- Debts after one year -€19,321
down €19,321 (-43.7%), from €44,258 to €24,937
- Profit (loss) carried forward +€5,115
up €5,115 (+42.4%), from €12,052 to €17,167
- Tax, wage and social debts +€2,635
up €2,635 (+66.6%), from €3,955 to €6,590
of which Remuneration and social security: +€1,385
- Trade debts -€1,359
down €1,359 (-34.4%), from €3,950 to €2,591
- Accrued charges and deferred income +€1,208
up €1,208 (+609.1%), from €198 to €1,407
- Turnover +€187,961
new in 2025: €187,961
- Gross operating margin +€20,420
up €20,420 (+74.1%), from €27,548 to €47,968
- Staff costs +€15,326
up €15,326 (+149.6%), from €10,243 to €25,569
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.
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 | €107,343 | €94,646 | -€12,697 | -11.8% |
| Formation expenses | 20 | €1,499 | €981 | -€518 | -34.6% |
| Fixed assets | 21/28 | €84,328 | €73,415 | -€10,913 | -12.9% |
| Tangible fixed assets | 22/27 | €84,123 | €73,210 | -€10,913 | -13.0% |
| Plant, machinery and equipment | 23 | €83,638 | €72,915 | -€10,723 | -12.8% |
| Furniture and vehicles | 24 | €485 | €295 | -€190 | -39.2% |
| Financial fixed assets | 28 | €205 | €205 | = | 0.0% |
| Current assets | 29/58 | €21,516 | €20,250 | -€1,265 | -5.9% |
| Stocks and contracts in progress | 3 | €2,161 | €2,758 | +€597 | +27.6% |
| Stocks | 30/36 | €2,161 | €2,758 | +€597 | +27.6% |
| Amounts receivable within one year | 40/41 | €4,580 | €805 | -€3,775 | -82.4% |
| Trade receivables | 40 | €2,457 | €805 | -€1,652 | -67.2% |
| Other amounts receivable | 41 | €2,123 | - | -€2,123 | |
| Cash at bank and in hand | 54/58 | €14,202 | €16,589 | +€2,387 | +16.8% |
| Deferred charges and accrued income | 490/1 | €572 | €98 | -€474 | -82.9% |
| Total equity and liabilities | 10/49 | €107,343 | €94,646 | -€12,697 | -11.8% |
| Equity | 10/15 | €13,052 | €18,167 | +€5,115 | +39.2% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €12,052 | €17,167 | +€5,115 | +42.4% |
| Amounts payable | 17/49 | €94,291 | €76,478 | -€17,812 | -18.9% |
| Amounts payable after more than one year | 17 | €44,258 | €24,937 | -€19,321 | -43.7% |
| Financial debts | 170/4 | €44,258 | €24,937 | -€19,321 | -43.7% |
| Amounts payable within one year | 42/48 | €49,834 | €50,135 | +€300 | +0.6% |
| Current portion of amounts payable after more than one year | 42 | €20,074 | €19,321 | -€753 | -3.8% |
| Trade debts | 44 | €3,950 | €2,591 | -€1,359 | -34.4% |
| Suppliers | 440/4 | €3,950 | €2,591 | -€1,359 | -34.4% |
| Taxes, remuneration and social security | 45 | €3,955 | €6,590 | +€2,635 | +66.6% |
| Taxes | 450/3 | €862 | €2,112 | +€1,250 | +145.0% |
| Remuneration and social security | 454/9 | €3,093 | €4,477 | +€1,385 | +44.8% |
| Other amounts payable | 47/48 | €21,855 | €21,633 | -€222 | -1.0% |
| Accrued charges and deferred income | 492/3 | €198 | €1,407 | +€1,208 | +609.1% |
| Turnover | 70 | - | €187,961 | +€187,961 | |
| Remuneration, social security and pensions | 62 | €10,243 | €25,569 | +€15,326 | +149.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,576 | €11,840 | +€1,263 | +11.9% |
| Other operating charges | 640/8 | €723 | €400 | -€323 | -44.7% |
| Gross operating margin | 9900 | €27,548 | €47,968 | +€20,420 | +74.1% |
| Operating profit (loss) | 9901 | €6,006 | €10,160 | +€4,154 | +69.2% |
| Financial income | 75/76B | €9 | €3 | -€6 | -65.1% |
| Recurring financial income | 75 | €9 | €3 | -€6 | -65.1% |
| Financial charges | 65/66B | €4,177 | €3,764 | -€414 | -9.9% |
| Recurring financial charges | 65 | €4,177 | €3,764 | -€414 | -9.9% |
| Profit (loss) for the period before taxes | 9903 | €1,838 | €6,399 | +€4,561 | +248.1% |
| Income taxes | 67/77 | €373 | €1,284 | +€911 | +244.4% |
| Profit (loss) for the period | 9904 | €1,465 | €5,115 | +€3,650 | +249.1% |
| Profit (loss) for the period to be appropriated | 9905 | €1,465 | €5,115 | +€3,650 | +249.1% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 4 October 2026 via checked.be.