B.S.D.: 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.S.D.
Largest movements
- Receivables within one year -€13,652
no longer reported in 2025 (was €13,652)
- Stocks and contracts -€5,915
down €5,915 (-74.9%), from €7,897 to €1,983
- Cash -€3,183
down €3,183 (-15.0%), from €21,237 to €18,054
mainly Trade debts (-€14,755) and Net result for the year (-€12,001)
- Tangible fixed assets -€2,352
down €2,352 (-31.8%), from €7,396 to €5,044
of which Furniture and vehicles: -€1,880
- Deferred charges and accrued income +€694
new in 2025: €694
- Trade debts -€14,755
down €14,755 (-64.6%), from €22,826 to €8,071
- Profit (loss) carried forward -€12,001
down €12,001 (-70.6%), from -€16,987 to -€28,988
- Tax, wage and social debts +€2,348
up €2,348 (+20.9%), from €11,235 to €13,583
of which Remuneration and social security: +€1,379
- Gross operating margin -€54,074
down €54,074 (-67.0%), from €80,656 to €26,582
- Staff costs -€12,177
down €12,177 (-26.0%), from €46,750 to €34,573
- Taxes -€3,625
no longer reported in 2025 (was €3,625)
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 | €54,473 | €30,066 | -€24,408 | -44.8% |
| Fixed assets | 21/28 | €11,687 | €9,335 | -€2,352 | -20.1% |
| Tangible fixed assets | 22/27 | €7,396 | €5,044 | -€2,352 | -31.8% |
| Plant, machinery and equipment | 23 | €1,832 | €1,361 | -€471 | -25.7% |
| Furniture and vehicles | 24 | €5,564 | €3,683 | -€1,880 | -33.8% |
| Financial fixed assets | 28 | €4,291 | €4,291 | = | 0.0% |
| Current assets | 29/58 | €42,786 | €20,731 | -€22,056 | -51.5% |
| Stocks and contracts in progress | 3 | €7,897 | €1,983 | -€5,915 | -74.9% |
| Stocks | 30/36 | €7,897 | €1,983 | -€5,915 | -74.9% |
| Amounts receivable within one year | 40/41 | €13,652 | - | -€13,652 | |
| Other amounts receivable | 41 | €13,652 | - | -€13,652 | |
| Cash at bank and in hand | 54/58 | €21,237 | €18,054 | -€3,183 | -15.0% |
| Deferred charges and accrued income | 490/1 | - | €694 | +€694 | |
| Total equity and liabilities | 10/49 | €54,473 | €30,066 | -€24,408 | -44.8% |
| Equity | 10/15 | €1,605 | -€10,396 | -€12,001 | |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€16,987 | -€28,988 | -€12,001 | -70.6% |
| Amounts payable | 17/49 | €52,868 | €40,461 | -€12,407 | -23.5% |
| Amounts payable after more than one year | 17 | €12,000 | €12,000 | = | 0.0% |
| Financial debts | 170/4 | €12,000 | €12,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €40,868 | €28,461 | -€12,407 | -30.4% |
| Trade debts | 44 | €22,826 | €8,071 | -€14,755 | -64.6% |
| Suppliers | 440/4 | €22,826 | €8,071 | -€14,755 | -64.6% |
| Taxes, remuneration and social security | 45 | €11,235 | €13,583 | +€2,348 | +20.9% |
| Taxes | 450/3 | €6,448 | €7,417 | +€969 | +15.0% |
| Remuneration and social security | 454/9 | €4,787 | €6,166 | +€1,379 | +28.8% |
| Other amounts payable | 47/48 | €6,807 | €6,807 | = | 0.0% |
| Remuneration, social security and pensions | 62 | €46,750 | €34,573 | -€12,177 | -26.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,352 | €2,352 | = | 0.0% |
| Other operating charges | 640/8 | €1,180 | €1,582 | +€402 | +34.1% |
| Gross operating margin | 9900 | €80,656 | €26,582 | -€54,074 | -67.0% |
| Operating profit (loss) | 9901 | €30,374 | -€11,925 | -€42,299 | |
| Financial income | 75/76B | €4 | €3 | -€1 | -21.5% |
| Recurring financial income | 75 | €4 | €3 | -€1 | -21.5% |
| Financial charges | 65/66B | €85 | €79 | -€6 | -7.2% |
| Recurring financial charges | 65 | €85 | €79 | -€6 | -7.2% |
| Profit (loss) for the period before taxes | 9903 | €30,293 | -€12,001 | -€42,294 | |
| Income taxes | 67/77 | €3,625 | - | -€3,625 | |
| Profit (loss) for the period | 9904 | €26,668 | -€12,001 | -€38,669 | |
| Profit (loss) for the period to be appropriated | 9905 | €26,668 | -€12,001 | -€38,669 |
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 19 October 2026 via checked.be.