BD Advisory: what changed
What changed
BD Advisory
NACE 70.200, Business and other management consultancy
filed annual accounts (NBB)
Net result for the year
€302,023
2024 · €314,638-€12,615
Equity
€777,368
2024 · €475,345+€302,023
Cash
€14,298
2024 · €8,290+€6,009
Balance sheet total
€872,009
2024 · €603,839+€268,170
Largest movements
Assets
- Current investments +€258,176
up €258,176 (+51.9%), from €497,729 to €755,905
Equity and liabilities
- Reserves +€302,023
up €302,023 (+64.2%), from €470,345 to €772,368
- Tax, wage and social debts -€32,358
down €32,358 (-33.2%), from €97,414 to €65,056
Income statement
- Gross operating margin -€108,308
down €108,308 (-26.8%), from €404,771 to €296,463
- Financial income +€84,491
up €84,491 (+2,285%), from €3,697 to €88,188
- Taxes -€23,028
down €23,028 (-24.9%), from €92,429 to €69,400
- Depreciation +€11,423
up €11,423 (+1,623%), from €704 to €12,127
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
€314,638
Gross operating margin
-€108,308
Staff costs
-€254
Depreciation
-€11,423
Other operating charges
-€597
Financial income
+€84,491
Financial charges
+€448
Taxes
+€23,028
Result 2025
€302,023
raises the resultlowers the result
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€282,297
Investment
-€274,288
Financing
-€2,000
Cash 2024
€8,290
From operations (derived)
+€282,297
Net result for the year
+€302,023
Depreciation
+€12,127
Trade debts
+€1,520
Tax, wage and social debts
-€32,358
Other debts
-€1,015
Investment (derived)
-€274,288
Investment in fixed assets (net)
-€16,112
Current investments
-€258,176
Financing
-€2,000
Debts after one year
-€2,000
Cash 2025
€14,298
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €603,839 | €872,009 | +€268,170 | +44.4% |
| Fixed assets | 21/28 | €97,820 | €101,806 | +€3,986 | +4.1% |
| Tangible fixed assets | 22/27 | €56,635 | €60,620 | +€3,986 | +7.0% |
| Plant, machinery and equipment | 23 | - | €13,734 | +€13,734 | |
| Furniture and vehicles | 24 | €56,635 | €46,887 | -€9,748 | -17.2% |
| Financial fixed assets | 28 | €41,186 | €41,186 | = | 0.0% |
| Current assets | 29/58 | €506,019 | €770,203 | +€264,185 | +52.2% |
| Current investments | 50/53 | €497,729 | €755,905 | +€258,176 | +51.9% |
| Cash at bank and in hand | 54/58 | €8,290 | €14,298 | +€6,009 | +72.5% |
| Total equity and liabilities | 10/49 | €603,839 | €872,009 | +€268,170 | +44.4% |
| Equity | 10/15 | €475,345 | €777,368 | +€302,023 | +63.5% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €470,345 | €772,368 | +€302,023 | +64.2% |
| Distributable reserves | 133 | €470,345 | €772,368 | +€302,023 | +64.2% |
| Amounts payable | 17/49 | €128,495 | €94,641 | -€33,853 | -26.3% |
| Amounts payable after more than one year | 17 | €30,000 | €28,000 | -€2,000 | -6.7% |
| Other amounts payable | 178/9 | €30,000 | €28,000 | -€2,000 | -6.7% |
| Amounts payable within one year | 42/48 | €98,495 | €66,641 | -€31,853 | -32.3% |
| Trade debts | 44 | - | €1,520 | +€1,520 | |
| Suppliers | 440/4 | - | €1,520 | +€1,520 | |
| Taxes, remuneration and social security | 45 | €97,414 | €65,056 | -€32,358 | -33.2% |
| Taxes | 450/3 | €97,414 | €65,056 | -€32,358 | -33.2% |
| Other amounts payable | 47/48 | €1,080 | €66 | -€1,015 | -93.9% |
| Remuneration, social security and pensions | 62 | - | €254 | +€254 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €704 | €12,127 | +€11,423 | +1,623% |
| Other operating charges | 640/8 | €85 | €682 | +€597 | +702% |
| Gross operating margin | 9900 | €404,771 | €296,463 | -€108,308 | -26.8% |
| Operating profit (loss) | 9901 | €403,982 | €283,400 | -€120,582 | -29.8% |
| Financial income | 75/76B | €3,697 | €88,188 | +€84,491 | +2,285% |
| Recurring financial income | 75 | €3,697 | €88,188 | +€84,491 | +2,285% |
| Financial charges | 65/66B | €613 | €165 | -€448 | -73.1% |
| Recurring financial charges | 65 | €613 | €165 | -€448 | -73.1% |
| Profit (loss) for the period before taxes | 9903 | €407,067 | €371,424 | -€35,643 | -8.8% |
| Income taxes | 67/77 | €92,429 | €69,400 | -€23,028 | -24.9% |
| Profit (loss) for the period | 9904 | €314,638 | €302,023 | -€12,615 | -4.0% |
| Profit (loss) for the period to be appropriated | 9905 | €314,638 | €302,023 | -€12,615 | -4.0% |
Next steps
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 1 November 2026 via checked.be.