B & D SERVICES: 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 SERVICES
Largest movements
- Tangible fixed assets -€68,790
down €68,790 (-7.1%), from €975,671 to €906,881
of which Other tangible fixed assets: -€75,928
- Intangible fixed assets -€67,000
down €67,000 (-11.8%), from €567,000 to €500,000
- Cash -€53,153
down €53,153 (-28.2%), from €188,497 to €135,344
mainly Other debts (-€150,286) and Accrued charges and deferred income (-€117,053)
- Receivables within one year +€46,102
up €46,102 (+215%), from €21,453 to €67,555
of which Other amounts receivable: +€23,253
- Other debts -€150,286
down €150,286 (-99.8%), from €150,620 to €335
- Accrued charges and deferred income -€117,053
down €117,053 (-87.3%), from €134,045 to €16,992
- Debts after one year +€108,618
up €108,618 (+3.1%), from €3.6m to €3.7m
- Reserves +€85,786
up €85,786 (+36.0%), from €238,039 to €323,825
of which Distributable reserves: +€85,786
- Gross operating margin +€98,214
up €98,214 (+13.2%), from €744,304 to €842,518
- Staff costs +€71,963
up €71,963 (+19.0%), from €378,564 to €450,527
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.
Derived cash bridge
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 | €4,437,552 | €4,303,863 | -€133,689 | -3.0% |
| Fixed assets | 21/28 | €4,210,322 | €4,074,532 | -€135,790 | -3.2% |
| Intangible fixed assets | 21 | €567,000 | €500,000 | -€67,000 | -11.8% |
| Tangible fixed assets | 22/27 | €975,671 | €906,881 | -€68,790 | -7.1% |
| Land and buildings | 22 | €301,893 | €278,166 | -€23,727 | -7.9% |
| Plant, machinery and equipment | 23 | €33,899 | €59,222 | +€25,323 | +74.7% |
| Furniture and vehicles | 24 | €15,148 | €20,691 | +€5,542 | +36.6% |
| Other tangible fixed assets | 26 | €624,730 | €548,802 | -€75,928 | -12.2% |
| Financial fixed assets | 28 | €2,667,651 | €2,667,651 | = | 0.0% |
| Current assets | 29/58 | €227,230 | €229,331 | +€2,101 | +0.9% |
| Stocks and contracts in progress | 3 | €7,450 | €15,864 | +€8,415 | +113% |
| Stocks | 30/36 | €7,450 | €15,864 | +€8,415 | +113% |
| Amounts receivable within one year | 40/41 | €21,453 | €67,555 | +€46,102 | +215% |
| Trade receivables | 40 | €4,971 | €27,820 | +€22,849 | +460% |
| Other amounts receivable | 41 | €16,482 | €39,735 | +€23,253 | +141% |
| Cash at bank and in hand | 54/58 | €188,497 | €135,344 | -€53,153 | -28.2% |
| Deferred charges and accrued income | 490/1 | €9,830 | €10,567 | +€736 | +7.5% |
| Total equity and liabilities | 10/49 | €4,437,552 | €4,303,863 | -€133,689 | -3.0% |
| Equity | 10/15 | €256,639 | €342,425 | +€85,786 | +33.4% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €238,039 | €323,825 | +€85,786 | +36.0% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €238,039 | €323,825 | +€85,786 | +36.0% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €4,180,913 | €3,961,438 | -€219,475 | -5.2% |
| Amounts payable after more than one year | 17 | €3,556,779 | €3,665,397 | +€108,618 | +3.1% |
| Financial debts | 170/4 | €3,556,779 | €3,665,397 | +€108,618 | +3.1% |
| Amounts payable within one year | 42/48 | €490,090 | €279,049 | -€211,041 | -43.1% |
| Current portion of amounts payable after more than one year | 42 | €177,150 | €171,001 | -€6,149 | -3.5% |
| Trade debts | 44 | €77,396 | €38,199 | -€39,197 | -50.6% |
| Suppliers | 440/4 | €77,396 | €38,199 | -€39,197 | -50.6% |
| Advances received on contracts in progress | 46 | €20,505 | €0 | -€20,505 | -100% |
| Taxes, remuneration and social security | 45 | €64,418 | €69,515 | +€5,096 | +7.9% |
| Taxes | 450/3 | €12,738 | €22,729 | +€9,991 | +78.4% |
| Remuneration and social security | 454/9 | €51,680 | €46,786 | -€4,895 | -9.5% |
| Other amounts payable | 47/48 | €150,620 | €335 | -€150,286 | -99.8% |
| Accrued charges and deferred income | 492/3 | €134,045 | €16,992 | -€117,053 | -87.3% |
| Remuneration, social security and pensions | 62 | €378,564 | €450,527 | +€71,963 | +19.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €205,477 | €211,492 | +€6,015 | +2.9% |
| Other operating charges | 640/8 | €15,521 | €23,220 | +€7,699 | +49.6% |
| Gross operating margin | 9900 | €744,304 | €842,518 | +€98,214 | +13.2% |
| Operating profit (loss) | 9901 | €144,741 | €157,278 | +€12,537 | +8.7% |
| Financial income | 75/76B | €2,067 | €2,202 | +€135 | +6.5% |
| Recurring financial income | 75 | €2,067 | €2,202 | +€135 | +6.5% |
| Financial charges | 65/66B | €30,760 | €29,485 | -€1,274 | -4.1% |
| Recurring financial charges | 65 | €30,760 | €29,485 | -€1,274 | -4.1% |
| Profit (loss) for the period before taxes | 9903 | €116,049 | €129,995 | +€13,946 | +12.0% |
| Income taxes | 67/77 | €40,057 | €44,209 | +€4,151 | +10.4% |
| Profit (loss) for the period | 9904 | €75,991 | €85,786 | +€9,795 | +12.9% |
| Profit (loss) for the period to be appropriated | 9905 | €75,991 | €85,786 | +€9,795 | +12.9% |
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 15 October 2026 via checked.be.