B.D.M.S.R.: what changed
What changed
B.D.M.S.R.
NACE 64.210, Activities of holding companies
filed annual accounts (NBB)
Net result for the year
€29,362
2024 · €19,944+€9,418
Equity
€177,700
2024 · €148,338+€29,362
Cash
€66,135
2024 · €81,855-€15,719
Balance sheet total
€522,168
2024 · €523,529-€1,361
Largest movements
Assets
- Cash -€15,719
down €15,719 (-19.2%), from €81,855 to €66,135
mainly Other debts (-€17,778) and Investment in fixed assets (net) (-€13,080)
- Tangible fixed assets +€10,356
up €10,356 (+128%), from €8,079 to €18,435
Equity and liabilities
- Profit (loss) carried forward +€29,362
up €29,362 (+36.6%), from €80,138 to €109,500
- Other debts -€17,778
down €17,778 (-13.8%), from €128,462 to €110,684
- Provisions -€6,249
down €6,249 (-4.1%), from €153,754 to €147,505
Income statement
- Financial charges +€68,601
up €68,601 (+55.8%), from €122,972 to €191,572
- Gross operating margin +€67,144
up €67,144 (+42.5%), from €157,991 to €225,134
- Provisions -€10,791
down €10,791, from €4,542 to -€6,249
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
€19,944
Gross operating margin
+€67,144
Depreciation
-€288
Provisions
+€10,791
Financial charges
-€68,601
Taxes
+€372
Result 2025
€29,362
raises the resultlowers the result
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
-€2,639
Investment
-€13,080
Financing
€0
Cash 2024
€81,855
From operations (derived)
-€2,639
Net result for the year
+€29,362
Depreciation
+€2,724
Receivables within one year
-€4,002
Provisions
-€6,249
Trade debts
-€2,169
Tax, wage and social debts
-€5,166
Other debts
-€17,778
Accrued charges and deferred income
+€640
Investment (derived)
-€13,080
Investment in fixed assets (net)
-€13,080
Cash 2025
€66,135
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €523,529 | €522,168 | -€1,361 | -0.3% |
| Fixed assets | 21/28 | €429,002 | €439,358 | +€10,356 | +2.4% |
| Tangible fixed assets | 22/27 | €8,079 | €18,435 | +€10,356 | +128% |
| Furniture and vehicles | 24 | €8,079 | €18,435 | +€10,356 | +128% |
| Financial fixed assets | 28 | €420,923 | €420,923 | = | 0.0% |
| Current assets | 29/58 | €94,527 | €82,810 | -€11,717 | -12.4% |
| Amounts receivable within one year | 40/41 | €12,672 | €16,674 | +€4,002 | +31.6% |
| Other amounts receivable | 41 | €12,672 | €16,674 | +€4,002 | +31.6% |
| Cash at bank and in hand | 54/58 | €81,855 | €66,135 | -€15,719 | -19.2% |
| Total equity and liabilities | 10/49 | €523,529 | €522,168 | -€1,361 | -0.3% |
| Equity | 10/15 | €148,338 | €177,700 | +€29,362 | +19.8% |
| 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 | €6,200 | €6,200 | = | 0.0% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Profit (loss) carried forward | 14 | €80,138 | €109,500 | +€29,362 | +36.6% |
| Provisions and deferred taxes | 16 | €153,754 | €147,505 | -€6,249 | -4.1% |
| Provisions for liabilities and charges | 160/5 | €153,754 | €147,505 | -€6,249 | -4.1% |
| Other liabilities and charges | 164/5 | €153,754 | €147,505 | -€6,249 | -4.1% |
| Amounts payable | 17/49 | €221,436 | €196,963 | -€24,474 | -11.1% |
| Amounts payable within one year | 42/48 | €220,582 | €195,468 | -€25,114 | -11.4% |
| Trade debts | 44 | €62,697 | €60,527 | -€2,169 | -3.5% |
| Suppliers | 440/4 | €62,697 | €60,527 | -€2,169 | -3.5% |
| Taxes, remuneration and social security | 45 | €29,423 | €24,257 | -€5,166 | -17.6% |
| Taxes | 450/3 | €29,423 | €24,257 | -€5,166 | -17.6% |
| Other amounts payable | 47/48 | €128,462 | €110,684 | -€17,778 | -13.8% |
| Accrued charges and deferred income | 492/3 | €855 | €1,495 | +€640 | +74.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,436 | €2,724 | +€288 | +11.8% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | €4,542 | -€6,249 | -€10,791 | |
| Gross operating margin | 9900 | €157,991 | €225,134 | +€67,144 | +42.5% |
| Operating profit (loss) | 9901 | €151,013 | €228,660 | +€77,647 | +51.4% |
| Financial charges | 65/66B | €122,972 | €191,572 | +€68,601 | +55.8% |
| Recurring financial charges | 65 | €122,972 | €191,572 | +€68,601 | +55.8% |
| Profit (loss) for the period before taxes | 9903 | €28,041 | €37,088 | +€9,046 | +32.3% |
| Income taxes | 67/77 | €8,098 | €7,726 | -€372 | -4.6% |
| Profit (loss) for the period | 9904 | €19,944 | €29,362 | +€9,418 | +47.2% |
| Profit (loss) for the period to be appropriated | 9905 | €19,944 | €29,362 | +€9,418 | +47.2% |
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 5 November 2026 via checked.be.