B-DS FINANCE: 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-DS FINANCE
Largest movements
- Receivables within one year +€28,043
up €28,043 (+213%), from €13,167 to €41,210
of which Other amounts receivable: +€35,566
- Cash -€4,739
down €4,739 (-8.9%), from €53,450 to €48,711
mainly Receivables within one year (-€28,043) and Debts after one year (-€12,193)
- Tangible fixed assets -€2,559
down €2,559 (-44.6%), from €5,734 to €3,176
of which Furniture and vehicles: -€2,396
- Reserves +€47,020
up €47,020 (+104%), from €45,039 to €92,059
of which Distributable reserves: +€47,020
- Debts after one year -€12,193
down €12,193 (-92.3%), from €13,217 to €1,023
- Other debts -€11,537
no longer reported in 2025 (was €11,537)
- Tax, wage and social debts -€5,994
down €5,994 (-13.8%), from €43,447 to €37,453
of which Taxes: -€5,100
- Trade debts +€1,858
up €1,858 (+252%), from €738 to €2,596
- Staff costs +€2,701
up €2,701 (+3.9%), from €70,058 to €72,759
- Gross operating margin +€2,380
up €2,380 (+1.6%), from €145,495 to €147,875
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 | €138,417 | €157,725 | +€19,307 | +13.9% |
| Fixed assets | 21/28 | €66,790 | €63,747 | -€3,043 | -4.6% |
| Intangible fixed assets | 21 | €1,419 | €935 | -€484 | -34.1% |
| Tangible fixed assets | 22/27 | €5,734 | €3,176 | -€2,559 | -44.6% |
| Plant, machinery and equipment | 23 | €1,176 | €1,013 | -€163 | -13.9% |
| Furniture and vehicles | 24 | €4,558 | €2,162 | -€2,396 | -52.6% |
| Financial fixed assets | 28 | €59,637 | €59,637 | = | 0.0% |
| Current assets | 29/58 | €71,628 | €93,977 | +€22,350 | +31.2% |
| Amounts receivable within one year | 40/41 | €13,167 | €41,210 | +€28,043 | +213% |
| Trade receivables | 40 | €7,996 | €474 | -€7,523 | -94.1% |
| Other amounts receivable | 41 | €5,170 | €40,737 | +€35,566 | +688% |
| Cash at bank and in hand | 54/58 | €53,450 | €48,711 | -€4,739 | -8.9% |
| Deferred charges and accrued income | 490/1 | €5,011 | €4,056 | -€954 | -19.0% |
| Total equity and liabilities | 10/49 | €138,417 | €157,725 | +€19,307 | +13.9% |
| Equity | 10/15 | €57,439 | €104,459 | +€47,020 | +81.9% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €45,039 | €92,059 | +€47,020 | +104% |
| Non-distributable reserves | 130/1 | €43 | €43 | = | 0.0% |
| Reserves not available under the articles | 1311 | €43 | €43 | = | 0.0% |
| Distributable reserves | 133 | €44,996 | €92,016 | +€47,020 | +104% |
| Amounts payable | 17/49 | €80,978 | €53,265 | -€27,712 | -34.2% |
| Amounts payable after more than one year | 17 | €13,217 | €1,023 | -€12,193 | -92.3% |
| Financial debts | 170/4 | €13,217 | €1,023 | -€12,193 | -92.3% |
| Amounts payable within one year | 42/48 | €67,761 | €52,242 | -€15,519 | -22.9% |
| Current portion of amounts payable after more than one year | 42 | €12,040 | €12,193 | +€154 | +1.3% |
| Trade debts | 44 | €738 | €2,596 | +€1,858 | +252% |
| Suppliers | 440/4 | €738 | €2,596 | +€1,858 | +252% |
| Taxes, remuneration and social security | 45 | €43,447 | €37,453 | -€5,994 | -13.8% |
| Taxes | 450/3 | €30,957 | €25,857 | -€5,100 | -16.5% |
| Remuneration and social security | 454/9 | €12,490 | €11,596 | -€894 | -7.2% |
| Other amounts payable | 47/48 | €11,537 | - | -€11,537 | |
| Remuneration, social security and pensions | 62 | €70,058 | €72,759 | +€2,701 | +3.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,606 | €4,039 | -€566 | -12.3% |
| Other operating charges | 640/8 | €627 | €647 | +€20 | +3.2% |
| Gross operating margin | 9900 | €145,495 | €147,875 | +€2,380 | +1.6% |
| Operating profit (loss) | 9901 | €70,205 | €70,430 | +€225 | +0.3% |
| Financial income | 75/76B | €499 | €1,141 | +€642 | +129% |
| Recurring financial income | 75 | €499 | €1,141 | +€642 | +129% |
| Financial charges | 65/66B | €492 | €351 | -€141 | -28.7% |
| Recurring financial charges | 65 | €492 | €351 | -€141 | -28.7% |
| Profit (loss) for the period before taxes | 9903 | €70,212 | €71,220 | +€1,008 | +1.4% |
| Income taxes | 67/77 | €25,216 | €24,200 | -€1,015 | -4.0% |
| Profit (loss) for the period | 9904 | €44,996 | €47,020 | +€2,023 | +4.5% |
| Profit (loss) for the period to be appropriated | 9905 | €44,996 | €47,020 | +€2,023 | +4.5% |
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 29 October 2026 via checked.be.