B.D.R.: 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.R.
Largest movements
- Cash -€47,848
down €47,848 (-15.0%), from €318,643 to €270,795
mainly Debts after one year (-€59,494) and Other debts (-€13,504)
- Tangible fixed assets -€16,900
down €16,900 (-13.7%), from €123,531 to €106,631
of which Furniture and vehicles: -€9,077
- Debts after one year -€59,494
down €59,494 (-100.0%), from €59,494 to €0
- Reserves +€14,848
up €14,848 (+13.4%), from €110,782 to €125,631
- Other debts -€13,504
down €13,504 (-100.0%), from €13,504 to €0
- Gross operating margin -€22,138
down €22,138 (-33.2%), from €66,679 to €44,541
- Financial charges -€4,263
down €4,263 (-66.3%), from €6,433 to €2,171
- Taxes -€3,160
down €3,160 (-30.6%), from €10,321 to €7,161
- Depreciation -€2,734
down €2,734 (-13.9%), from €19,633 to €16,900
- Other operating charges +€1,972
up €1,972 (+71.9%), from €2,743 to €4,715
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 | €445,559 | €383,468 | -€62,090 | -13.9% |
| Fixed assets | 21/28 | €123,531 | €106,631 | -€16,900 | -13.7% |
| Tangible fixed assets | 22/27 | €123,531 | €106,631 | -€16,900 | -13.7% |
| Land and buildings | 22 | €96,883 | €89,060 | -€7,823 | -8.1% |
| Furniture and vehicles | 24 | €26,648 | €17,571 | -€9,077 | -34.1% |
| Current assets | 29/58 | €322,028 | €276,837 | -€45,191 | -14.0% |
| Amounts receivable within one year | 40/41 | €209 | €2,715 | +€2,507 | +1201.7% |
| Trade receivables | 40 | €209 | €0 | -€209 | -100.0% |
| Other amounts receivable | 41 | €0 | €2,715 | +€2,715 | |
| Cash at bank and in hand | 54/58 | €318,643 | €270,795 | -€47,848 | -15.0% |
| Deferred charges and accrued income | 490/1 | €3,177 | €3,327 | +€151 | +4.7% |
| Total equity and liabilities | 10/49 | €445,559 | €383,468 | -€62,090 | -13.9% |
| Equity | 10/15 | €364,873 | €379,722 | +€14,848 | +4.1% |
| Contributions | 10/11 | €254,091 | €254,091 | = | 0.0% |
| Reserves | 13 | €110,782 | €125,631 | +€14,848 | +13.4% |
| Distributable reserves | 133 | €110,782 | €125,631 | +€14,848 | +13.4% |
| Profit (loss) carried forward | 14 | €0 | - | = | |
| Amounts payable | 17/49 | €80,686 | €3,747 | -€76,939 | -95.4% |
| Amounts payable after more than one year | 17 | €59,494 | €0 | -€59,494 | -100.0% |
| Financial debts | 170/4 | €59,494 | €0 | -€59,494 | -100.0% |
| Amounts payable within one year | 42/48 | €21,076 | €3,621 | -€17,455 | -82.8% |
| Trade debts | 44 | €746 | €600 | -€146 | -19.6% |
| Suppliers | 440/4 | €746 | €600 | -€146 | -19.6% |
| Taxes, remuneration and social security | 45 | €6,826 | €3,021 | -€3,806 | -55.8% |
| Taxes | 450/3 | €6,826 | €3,021 | -€3,806 | -55.8% |
| Other amounts payable | 47/48 | €13,504 | €0 | -€13,504 | -100.0% |
| Accrued charges and deferred income | 492/3 | €115 | €126 | +€11 | +9.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €19,633 | €16,900 | -€2,734 | -13.9% |
| Other operating charges | 640/8 | €2,743 | €4,715 | +€1,972 | +71.9% |
| Gross operating margin | 9900 | €66,679 | €44,541 | -€22,138 | -33.2% |
| Operating profit (loss) | 9901 | €44,302 | €22,926 | -€21,376 | -48.3% |
| Financial income | 75/76B | €1,191 | €1,254 | +€62 | +5.2% |
| Recurring financial income | 75 | €1,191 | €1,254 | +€62 | +5.2% |
| Financial charges | 65/66B | €6,433 | €2,171 | -€4,263 | -66.3% |
| Recurring financial charges | 65 | €6,433 | €2,171 | -€4,263 | -66.3% |
| Profit (loss) for the period before taxes | 9903 | €39,060 | €22,009 | -€17,051 | -43.7% |
| Income taxes | 67/77 | €10,321 | €7,161 | -€3,160 | -30.6% |
| Profit (loss) for the period | 9904 | €28,739 | €14,848 | -€13,890 | -48.3% |
| Profit (loss) for the period to be appropriated | 9905 | €28,739 | €14,848 | -€13,890 | -48.3% |
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.