B & D SYSTEMS: 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 SYSTEMS
Largest movements
- Receivables within one year -€104,805
down €104,805 (-34.4%), from €304,861 to €200,056
of which Trade receivables: -€102,934
- Cash +€96,246
up €96,246 (+178.4%), from €53,948 to €150,195
mainly Receivables within one year (+€104,805) and Trade debts (+€12,238)
- Tangible fixed assets +€6,503
up €6,503 (+73.7%), from €8,822 to €15,325
- Other debts -€16,466
no longer reported in 2025 (was €16,466)
- Trade debts +€12,238
up €12,238 (+14.8%), from €82,643 to €94,881
- Staff costs +€30,493
up €30,493 (+126.9%), from €24,034 to €54,527
- Write-downs -€26,300
no longer reported in 2025 (was €26,300)
- Depreciation -€3,289
down €3,289 (-47.1%), from €6,984 to €3,695
- Gross operating margin -€868
down €868 (-1.3%), from €65,680 to €64,811
- Other operating charges +€772
up €772 (+38.4%), from €2,010 to €2,782
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 | €437,043 | €434,093 | -€2,950 | -0.7% |
| Fixed assets | 21/28 | €8,822 | €15,325 | +€6,503 | +73.7% |
| Tangible fixed assets | 22/27 | €8,822 | €15,325 | +€6,503 | +73.7% |
| Furniture and vehicles | 24 | €8,822 | €15,325 | +€6,503 | +73.7% |
| Current assets | 29/58 | €428,221 | €418,768 | -€9,453 | -2.2% |
| Stocks and contracts in progress | 3 | €69,412 | €68,450 | -€962 | -1.4% |
| Stocks | 30/36 | €69,412 | €68,450 | -€962 | -1.4% |
| Amounts receivable within one year | 40/41 | €304,861 | €200,056 | -€104,805 | -34.4% |
| Trade receivables | 40 | €279,988 | €177,054 | -€102,934 | -36.8% |
| Other amounts receivable | 41 | €24,873 | €23,002 | -€1,871 | -7.5% |
| Cash at bank and in hand | 54/58 | €53,948 | €150,195 | +€96,246 | +178.4% |
| Deferred charges and accrued income | 490/1 | - | €67 | +€67 | |
| Total equity and liabilities | 10/49 | €437,043 | €434,093 | -€2,950 | -0.7% |
| Equity | 10/15 | €331,977 | €333,675 | +€1,699 | +0.5% |
| Contributions | 10/11 | €37,605 | €37,605 | = | 0.0% |
| Reserves | 13 | €294,371 | €296,070 | +€1,699 | +0.6% |
| Distributable reserves | 133 | €294,371 | €296,070 | +€1,699 | +0.6% |
| Amounts payable | 17/49 | €105,066 | €100,417 | -€4,649 | -4.4% |
| Amounts payable within one year | 42/48 | €105,066 | €100,417 | -€4,649 | -4.4% |
| Trade debts | 44 | €82,643 | €94,881 | +€12,238 | +14.8% |
| Suppliers | 440/4 | €82,643 | €94,881 | +€12,238 | +14.8% |
| Taxes, remuneration and social security | 45 | €5,958 | €5,537 | -€421 | -7.1% |
| Taxes | 450/3 | €1,770 | €2,580 | +€810 | +45.7% |
| Remuneration and social security | 454/9 | €4,187 | €2,957 | -€1,230 | -29.4% |
| Other amounts payable | 47/48 | €16,466 | - | -€16,466 | |
| Non-recurring operating income | 76A | - | €10,198 | +€10,198 | |
| Remuneration, social security and pensions | 62 | €24,034 | €54,527 | +€30,493 | +126.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,984 | €3,695 | -€3,289 | -47.1% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €26,300 | - | -€26,300 | |
| Other operating charges | 640/8 | €2,010 | €2,782 | +€772 | +38.4% |
| Gross operating margin | 9900 | €65,680 | €64,811 | -€868 | -1.3% |
| Operating profit (loss) | 9901 | €6,352 | €3,808 | -€2,544 | -40.1% |
| Financial income | 75/76B | €1,433 | €805 | -€628 | -43.8% |
| Recurring financial income | 75 | €1,433 | €805 | -€628 | -43.8% |
| Financial charges | 65/66B | €1,280 | €1,975 | +€695 | +54.3% |
| Recurring financial charges | 65 | €1,280 | €1,975 | +€695 | +54.3% |
| Profit (loss) for the period before taxes | 9903 | €6,505 | €2,638 | -€3,867 | -59.4% |
| Income taxes | 67/77 | €1,695 | €939 | -€756 | -44.6% |
| Profit (loss) for the period | 9904 | €4,810 | €1,699 | -€3,112 | -64.7% |
| Profit (loss) for the period to be appropriated | 9905 | €4,810 | €1,699 | -€3,112 | -64.7% |
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.