BD Advisory Services: 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.
BD Advisory Services
Largest movements
- Receivables within one year -€75,766
down €75,766 (-73.0%), from €103,777 to €28,011
of which Other amounts receivable: -€75,106
- Deferred charges and accrued income +€69,596
up €69,596 (+1248.9%), from €5,572 to €75,168
- Cash -€37,283
down €37,283 (-54.1%), from €68,873 to €31,589
mainly Contributions, distributions and other (-€267,500) and Deferred charges and accrued income (-€69,596)
- Tangible fixed assets -€6,696
down €6,696 (-24.9%), from €26,862 to €20,166
of which Furniture and vehicles: -€3,870
- Reserves -€163,012
down €163,012 (-99.4%), from €163,921 to €908
- Other debts +€130,000
new in 2025: €130,000
- Tax, wage and social debts -€16,202
down €16,202 (-42.9%), from €37,786 to €21,584
of which Taxes: -€16,202
- Gross operating margin +€45,742
up €45,742 (+48.8%), from €93,712 to €139,454
- Taxes +€11,621
up €11,621 (+60.3%), from €19,262 to €30,883
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 | €205,084 | €154,935 | -€50,149 | -24.5% |
| Fixed assets | 21/28 | €26,862 | €20,166 | -€6,696 | -24.9% |
| Tangible fixed assets | 22/27 | €26,862 | €20,166 | -€6,696 | -24.9% |
| Plant, machinery and equipment | 23 | €1,422 | €944 | -€478 | -33.6% |
| Furniture and vehicles | 24 | €9,783 | €5,913 | -€3,870 | -39.6% |
| Other tangible fixed assets | 26 | €15,657 | €13,309 | -€2,347 | -15.0% |
| Current assets | 29/58 | €178,222 | €134,769 | -€43,454 | -24.4% |
| Amounts receivable within one year | 40/41 | €103,777 | €28,011 | -€75,766 | -73.0% |
| Trade receivables | 40 | €17,096 | €16,435 | -€660 | -3.9% |
| Other amounts receivable | 41 | €86,682 | €11,575 | -€75,106 | -86.6% |
| Cash at bank and in hand | 54/58 | €68,873 | €31,589 | -€37,283 | -54.1% |
| Deferred charges and accrued income | 490/1 | €5,572 | €75,168 | +€69,596 | +1248.9% |
| Total equity and liabilities | 10/49 | €205,084 | €154,935 | -€50,149 | -24.5% |
| Equity | 10/15 | €165,921 | €2,908 | -€163,012 | -98.2% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Reserves | 13 | €163,921 | €908 | -€163,012 | -99.4% |
| Distributable reserves | 133 | €163,921 | €908 | -€163,012 | -99.4% |
| Amounts payable | 17/49 | €39,164 | €152,027 | +€112,863 | +288.2% |
| Amounts payable within one year | 42/48 | €39,164 | €152,027 | +€112,863 | +288.2% |
| Trade debts | 44 | €1,378 | €443 | -€935 | -67.8% |
| Suppliers | 440/4 | €1,378 | €443 | -€935 | -67.8% |
| Taxes, remuneration and social security | 45 | €37,786 | €21,584 | -€16,202 | -42.9% |
| Taxes | 450/3 | €35,286 | €19,084 | -€16,202 | -45.9% |
| Remuneration and social security | 454/9 | €2,500 | €2,500 | = | 0.0% |
| Other amounts payable | 47/48 | - | €130,000 | +€130,000 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,410 | €6,696 | +€286 | +4.5% |
| Gross operating margin | 9900 | €93,712 | €139,454 | +€45,742 | +48.8% |
| Operating profit (loss) | 9901 | €87,302 | €132,758 | +€45,457 | +52.1% |
| Financial income | 75/76B | €3,670 | €2,933 | -€737 | -20.1% |
| Recurring financial income | 75 | €3,670 | €2,933 | -€737 | -20.1% |
| Financial charges | 65/66B | €389 | €321 | -€68 | -17.5% |
| Recurring financial charges | 65 | €389 | €321 | -€68 | -17.5% |
| Profit (loss) for the period before taxes | 9903 | €90,583 | €135,371 | +€44,788 | +49.4% |
| Income taxes | 67/77 | €19,262 | €30,883 | +€11,621 | +60.3% |
| Profit (loss) for the period | 9904 | €71,321 | €104,488 | +€33,167 | +46.5% |
| Profit (loss) for the period to be appropriated | 9905 | €71,321 | €104,488 | +€33,167 | +46.5% |
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.