B.D.V.: 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.V.
Largest movements
- Cash -€14,792
down €14,792 (-96.2%), from €15,382 to €590
mainly Net result for the year (-€13,514) and Debts after one year (-€9,333)
- Tangible fixed assets -€7,337
down €7,337 (-12.7%), from €57,648 to €50,311
- Receivables within one year -€4,601
down €4,601 (-88.4%), from €5,206 to €605
of which Trade receivables: -€4,474
- Profit (loss) carried forward -€13,514
down €13,514 (-41.9%), from -€32,218 to -€45,732
- Debts after one year -€9,333
down €9,333 (-25.0%), from €37,333 to €28,000
- Trade debts -€3,067
down €3,067 (-75.7%), from €4,051 to €984
- Staff costs -€22,966
down €22,966 (-92.2%), from €24,898 to €1,932
- Gross operating margin -€10,731
down €10,731 (-80.3%), from €13,355 to €2,624
- Financial charges +€416
up €416 (+28.7%), from €1,450 to €1,865
- Depreciation -€277
down €277 (-3.6%), from €7,614 to €7,337
- Other operating charges -€274
down €274 (-5.2%), from €5,319 to €5,045
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 | €79,251 | €52,698 | -€26,553 | -33.5% |
| Fixed assets | 21/28 | €57,648 | €50,311 | -€7,337 | -12.7% |
| Tangible fixed assets | 22/27 | €57,648 | €50,311 | -€7,337 | -12.7% |
| Land and buildings | 22 | €57,648 | €50,311 | -€7,337 | -12.7% |
| Current assets | 29/58 | €21,603 | €2,386 | -€19,216 | -89.0% |
| Amounts receivable within one year | 40/41 | €5,206 | €605 | -€4,601 | -88.4% |
| Trade receivables | 40 | €5,079 | €605 | -€4,474 | -88.1% |
| Other amounts receivable | 41 | €127 | - | -€127 | |
| Cash at bank and in hand | 54/58 | €15,382 | €590 | -€14,792 | -96.2% |
| Deferred charges and accrued income | 490/1 | €1,015 | €1,192 | +€177 | +17.4% |
| Total equity and liabilities | 10/49 | €79,251 | €52,698 | -€26,553 | -33.5% |
| Equity | 10/15 | €22,318 | €8,805 | -€13,514 | -60.6% |
| Contributions | 10/11 | €49,579 | €49,579 | = | 0.0% |
| Reserves | 13 | €4,958 | €4,958 | = | 0.0% |
| Non-distributable reserves | 130/1 | €4,958 | €4,958 | = | 0.0% |
| Reserves not available under the articles | 1311 | €4,958 | €4,958 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€32,218 | -€45,732 | -€13,514 | -41.9% |
| Amounts payable | 17/49 | €56,933 | €43,893 | -€13,039 | -22.9% |
| Amounts payable after more than one year | 17 | €37,333 | €28,000 | -€9,333 | -25.0% |
| Financial debts | 170/4 | €37,333 | €28,000 | -€9,333 | -25.0% |
| Amounts payable within one year | 42/48 | €19,600 | €15,894 | -€3,706 | -18.9% |
| Current portion of amounts payable after more than one year | 42 | €9,333 | €9,333 | = | 0.0% |
| Trade debts | 44 | €4,051 | €984 | -€3,067 | -75.7% |
| Suppliers | 440/4 | €4,051 | €984 | -€3,067 | -75.7% |
| Taxes, remuneration and social security | 45 | €845 | €206 | -€639 | -75.6% |
| Taxes | 450/3 | - | €206 | +€206 | |
| Remuneration and social security | 454/9 | €845 | - | -€845 | |
| Other amounts payable | 47/48 | €5,370 | €5,370 | = | 0.0% |
| Remuneration, social security and pensions | 62 | €24,898 | €1,932 | -€22,966 | -92.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,614 | €7,337 | -€277 | -3.6% |
| Other operating charges | 640/8 | €5,319 | €5,045 | -€274 | -5.2% |
| Gross operating margin | 9900 | €13,355 | €2,624 | -€10,731 | -80.3% |
| Operating profit (loss) | 9901 | -€24,476 | -€11,689 | +€12,787 | +52.2% |
| Financial income | 75/76B | €56 | €58 | +€2 | +3.6% |
| Recurring financial income | 75 | €56 | €58 | +€2 | +3.6% |
| Financial charges | 65/66B | €1,450 | €1,865 | +€416 | +28.7% |
| Recurring financial charges | 65 | €1,450 | €1,865 | +€416 | +28.7% |
| Profit (loss) for the period before taxes | 9903 | -€25,869 | -€13,496 | +€12,373 | +47.8% |
| Income taxes | 67/77 | -€33 | €18 | +€51 | |
| Profit (loss) for the period | 9904 | -€25,836 | -€13,514 | +€12,322 | +47.7% |
| Profit (loss) for the period to be appropriated | 9905 | -€25,836 | -€13,514 | +€12,322 | +47.7% |
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 13 October 2026 via checked.be.