B.D.M.: 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.M.
Largest movements
- Tangible fixed assets -€43,162
down €43,162 (-11.8%), from €364,338 to €321,176
of which Land and buildings: -€29,333
- Stocks and contracts -€16,530
down €16,530 (-100.0%), from €16,530 to €0
- Cash +€9,126
up €9,126 (+52.1%), from €17,500 to €26,625
mainly Debts after one year (+€100,000) and Depreciation (+€43,162)
- Reserves -€120,600
down €120,600 (-47.9%), from €251,623 to €131,023
of which Distributable reserves: -€120,600
- Debts after one year +€100,000
new in 2025: €100,000
- Trade debts +€37,608
up €37,608 (+172.3%), from €21,825 to €59,433
- Tax, wage and social debts -€36,421
down €36,421 (-53.4%), from €68,148 to €31,728
of which Remuneration and social security: -€26,705
- Other debts -€30,208
down €30,208 (-56.4%), from €53,546 to €23,338
- Gross operating margin -€206,061
down €206,061 (-62.6%), from €329,182 to €123,122
- Staff costs -€162,217
down €162,217 (-45.6%), from €355,403 to €193,187
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 | €415,143 | €365,522 | -€49,621 | -12.0% |
| Fixed assets | 21/28 | €364,338 | €321,176 | -€43,162 | -11.8% |
| Tangible fixed assets | 22/27 | €364,338 | €321,176 | -€43,162 | -11.8% |
| Land and buildings | 22 | €336,489 | €307,156 | -€29,333 | -8.7% |
| Plant, machinery and equipment | 23 | €4,048 | €2,690 | -€1,358 | -33.5% |
| Furniture and vehicles | 24 | €23,800 | €11,330 | -€12,471 | -52.4% |
| Current assets | 29/58 | €50,805 | €44,346 | -€6,459 | -12.7% |
| Stocks and contracts in progress | 3 | €16,530 | €0 | -€16,530 | -100.0% |
| Stocks | 30/36 | €16,530 | €0 | -€16,530 | -100.0% |
| Amounts receivable within one year | 40/41 | €16,776 | €17,720 | +€945 | +5.6% |
| Trade receivables | 40 | €0 | €13,720 | +€13,720 | |
| Other amounts receivable | 41 | €16,776 | €4,000 | -€12,776 | -76.2% |
| Cash at bank and in hand | 54/58 | €17,500 | €26,625 | +€9,126 | +52.1% |
| Total equity and liabilities | 10/49 | €415,143 | €365,522 | -€49,621 | -12.0% |
| Equity | 10/15 | €271,623 | €151,023 | -€120,600 | -44.4% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €251,623 | €131,023 | -€120,600 | -47.9% |
| Non-distributable reserves | 130/1 | €2,000 | €2,000 | = | 0.0% |
| Reserves not available under the articles | 1311 | €2,000 | €2,000 | = | 0.0% |
| Distributable reserves | 133 | €249,623 | €129,023 | -€120,600 | -48.3% |
| Amounts payable | 17/49 | €143,520 | €214,499 | +€70,979 | +49.5% |
| Amounts payable after more than one year | 17 | - | €100,000 | +€100,000 | |
| Other amounts payable | 178/9 | - | €100,000 | +€100,000 | |
| Amounts payable within one year | 42/48 | €143,520 | €114,499 | -€29,021 | -20.2% |
| Current portion of amounts payable after more than one year | 42 | €0 | - | = | |
| Trade debts | 44 | €21,825 | €59,433 | +€37,608 | +172.3% |
| Suppliers | 440/4 | €21,825 | €59,433 | +€37,608 | +172.3% |
| Taxes, remuneration and social security | 45 | €68,148 | €31,728 | -€36,421 | -53.4% |
| Taxes | 450/3 | €19,073 | €9,357 | -€9,716 | -50.9% |
| Remuneration and social security | 454/9 | €49,075 | €22,371 | -€26,705 | -54.4% |
| Other amounts payable | 47/48 | €53,546 | €23,338 | -€30,208 | -56.4% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Remuneration, social security and pensions | 62 | €355,403 | €193,187 | -€162,217 | -45.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €44,099 | €43,162 | -€937 | -2.1% |
| Other operating charges | 640/8 | €5,887 | €6,578 | +€691 | +11.7% |
| Non-recurring operating charges | 66A | €13,057 | €0 | -€13,057 | -100.0% |
| Gross operating margin | 9900 | €329,182 | €123,122 | -€206,061 | -62.6% |
| Operating profit (loss) | 9901 | -€89,264 | -€119,805 | -€30,541 | -34.2% |
| Financial income | 75/76B | €201 | €0 | -€201 | -100.0% |
| Recurring financial income | 75 | €201 | €0 | -€201 | -100.0% |
| Financial charges | 65/66B | €1,005 | €619 | -€386 | -38.4% |
| Recurring financial charges | 65 | €1,005 | €619 | -€386 | -38.4% |
| Profit (loss) for the period before taxes | 9903 | -€90,068 | -€120,424 | -€30,356 | -33.7% |
| Income taxes | 67/77 | €174 | €176 | +€2 | +1.0% |
| Profit (loss) for the period | 9904 | -€90,242 | -€120,600 | -€30,358 | -33.6% |
| Profit (loss) for the period to be appropriated | 9905 | -€90,242 | -€120,600 | -€30,358 | -33.6% |
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.