B D R: 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 R
Largest movements
- Cash -€14,768
down €14,768 (-42.7%), from €34,578 to €19,810
mainly Receivables within one year (-€10,324) and Net result for the year (-€6,611)
- Receivables within one year +€10,324
up €10,324 (+9.7%), from €106,003 to €116,327
of which Trade receivables: +€9,143
- Profit (loss) carried forward -€6,611
down €6,611 (-42.5%), from €15,561 to €8,950
- Advances received +€4,302
up €4,302 (+12.7%), from €33,805 to €38,107
- Tax, wage and social debts +€3,800
up €3,800 (+950.0%), from €400 to €4,200
- Other debts -€2,761
down €2,761 (-75.5%), from €3,657 to €896
- Gross operating margin -€8,006
down €8,006, from €4,260 to -€3,746
- Taxes -€2,120
no longer reported in 2025 (was €2,120)
- Depreciation +€1,265
up €1,265 (+134.3%), from €942 to €2,207
- Write-downs -€1,155
no longer reported in 2025 (was €1,155)
- Other operating charges +€438
up €438 (+95.2%), from €460 to €898
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 | €144,758 | €141,626 | -€3,132 | -2.2% |
| Fixed assets | 21/28 | €3,949 | €4,423 | +€474 | +12.0% |
| Tangible fixed assets | 22/27 | €3,949 | €4,423 | +€474 | +12.0% |
| Plant, machinery and equipment | 23 | €175 | €41 | -€134 | -76.6% |
| Furniture and vehicles | 24 | €3,774 | €4,382 | +€608 | +16.1% |
| Current assets | 29/58 | €140,809 | €137,203 | -€3,606 | -2.6% |
| Amounts receivable within one year | 40/41 | €106,003 | €116,327 | +€10,324 | +9.7% |
| Trade receivables | 40 | €101,282 | €110,425 | +€9,143 | +9.0% |
| Other amounts receivable | 41 | €4,721 | €5,902 | +€1,181 | +25.0% |
| Cash at bank and in hand | 54/58 | €34,578 | €19,810 | -€14,768 | -42.7% |
| Deferred charges and accrued income | 490/1 | €228 | €1,066 | +€838 | +367.5% |
| Total equity and liabilities | 10/49 | €144,758 | €141,626 | -€3,132 | -2.2% |
| Equity | 10/15 | €96,621 | €90,010 | -€6,611 | -6.8% |
| Contributions | 10/11 | €14,200 | €14,200 | = | 0.0% |
| Reserves | 13 | €66,860 | €66,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €65,000 | €65,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €15,561 | €8,950 | -€6,611 | -42.5% |
| Amounts payable | 17/49 | €48,137 | €51,616 | +€3,479 | +7.2% |
| Amounts payable within one year | 42/48 | €47,583 | €51,616 | +€4,033 | +8.5% |
| Trade debts | 44 | €9,721 | €8,413 | -€1,308 | -13.5% |
| Suppliers | 440/4 | €9,721 | €8,413 | -€1,308 | -13.5% |
| Advances received on contracts in progress | 46 | €33,805 | €38,107 | +€4,302 | +12.7% |
| Taxes, remuneration and social security | 45 | €400 | €4,200 | +€3,800 | +950.0% |
| Remuneration and social security | 454/9 | €400 | €4,200 | +€3,800 | +950.0% |
| Other amounts payable | 47/48 | €3,657 | €896 | -€2,761 | -75.5% |
| Accrued charges and deferred income | 492/3 | €554 | - | -€554 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €942 | €2,207 | +€1,265 | +134.3% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €1,155 | - | -€1,155 | |
| Other operating charges | 640/8 | €460 | €898 | +€438 | +95.2% |
| Gross operating margin | 9900 | €4,260 | -€3,746 | -€8,006 | |
| Operating profit (loss) | 9901 | €1,703 | -€6,851 | -€8,554 | |
| Financial income | 75/76B | €538 | €399 | -€139 | -25.8% |
| Recurring financial income | 75 | €538 | €399 | -€139 | -25.8% |
| Financial charges | 65/66B | €97 | €159 | +€62 | +63.9% |
| Recurring financial charges | 65 | €97 | €159 | +€62 | +63.9% |
| Non-recurring financial charges | 66B | €97 | - | -€97 | |
| Profit (loss) for the period before taxes | 9903 | €2,144 | -€6,611 | -€8,755 | |
| Income taxes | 67/77 | €2,120 | - | -€2,120 | |
| Profit (loss) for the period | 9904 | €24 | -€6,611 | -€6,635 | |
| Profit (loss) for the period to be appropriated | 9905 | €24 | -€6,611 | -€6,635 |
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 11 October 2026 via checked.be.