BD BG: 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 BG
Largest movements
- Stocks and contracts +€35,890
up €35,890 (+22.5%), from €159,369 to €195,259
- Intangible fixed assets -€10,000
down €10,000 (-13.7%), from €72,917 to €62,917
- Profit (loss) carried forward +€24,070
up €24,070 (+69.6%), from -€34,579 to -€10,509
- Trade debts +€24,059
up €24,059 (+27.4%), from €87,770 to €111,829
- Debts after one year -€8,385
down €8,385 (-15.0%), from €55,899 to €47,514
- Tax, wage and social debts -€6,615
down €6,615 (-44.4%), from €14,884 to €8,269
of which Remuneration and social security: -€7,077
- Other debts -€4,072
down €4,072 (-2.8%), from €146,993 to €142,922
- Staff costs -€29,554
down €29,554 (-41.2%), from €71,651 to €42,097
- Depreciation -€15,516
down €15,516 (-60.3%), from €25,713 to €10,197
- Financial charges +€6,888
up €6,888 (+70.4%), from €9,786 to €16,674
- Gross operating margin -€1,273
down €1,273 (-1.3%), from €94,420 to €93,146
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 | €282,236 | €311,410 | +€29,174 | +10.3% |
| Fixed assets | 21/28 | €79,214 | €69,017 | -€10,197 | -12.9% |
| Intangible fixed assets | 21 | €72,917 | €62,917 | -€10,000 | -13.7% |
| Tangible fixed assets | 22/27 | €197 | €0 | -€197 | -100.0% |
| Furniture and vehicles | 24 | €197 | €0 | -€197 | -100.0% |
| Financial fixed assets | 28 | €6,100 | €6,100 | = | 0.0% |
| Current assets | 29/58 | €203,023 | €242,393 | +€39,371 | +19.4% |
| Stocks and contracts in progress | 3 | €159,369 | €195,259 | +€35,890 | +22.5% |
| Stocks | 30/36 | €159,369 | €195,259 | +€35,890 | +22.5% |
| Amounts receivable within one year | 40/41 | €32,147 | €35,196 | +€3,049 | +9.5% |
| Trade receivables | 40 | €26,781 | €32,387 | +€5,606 | +20.9% |
| Other amounts receivable | 41 | €5,366 | €2,809 | -€2,557 | -47.7% |
| Cash at bank and in hand | 54/58 | €11,507 | €11,939 | +€432 | +3.8% |
| Total equity and liabilities | 10/49 | €282,236 | €311,410 | +€29,174 | +10.3% |
| Equity | 10/15 | -€31,579 | -€7,509 | +€24,070 | +76.2% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€34,579 | -€10,509 | +€24,070 | +69.6% |
| Amounts payable | 17/49 | €313,815 | €318,919 | +€5,104 | +1.6% |
| Amounts payable after more than one year | 17 | €55,899 | €47,514 | -€8,385 | -15.0% |
| Financial debts | 170/4 | €55,899 | €47,514 | -€8,385 | -15.0% |
| Amounts payable within one year | 42/48 | €257,916 | €271,404 | +€13,489 | +5.2% |
| Current portion of amounts payable after more than one year | 42 | €8,268 | €8,385 | +€117 | +1.4% |
| Trade debts | 44 | €87,770 | €111,829 | +€24,059 | +27.4% |
| Suppliers | 440/4 | €87,770 | €111,829 | +€24,059 | +27.4% |
| Taxes, remuneration and social security | 45 | €14,884 | €8,269 | -€6,615 | -44.4% |
| Taxes | 450/3 | €3,446 | €3,908 | +€462 | +13.4% |
| Remuneration and social security | 454/9 | €11,438 | €4,361 | -€7,077 | -61.9% |
| Other amounts payable | 47/48 | €146,993 | €142,922 | -€4,072 | -2.8% |
| Non-recurring operating income | 76A | €2,400 | - | -€2,400 | |
| Remuneration, social security and pensions | 62 | €71,651 | €42,097 | -€29,554 | -41.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €25,713 | €10,197 | -€15,516 | -60.3% |
| Other operating charges | 640/8 | €220 | €123 | -€97 | -44.0% |
| Non-recurring operating charges | 66A | €417 | - | -€417 | |
| Gross operating margin | 9900 | €94,420 | €93,146 | -€1,273 | -1.3% |
| Operating profit (loss) | 9901 | -€3,580 | €40,729 | +€44,309 | |
| Financial income | 75/76B | €6 | €14 | +€8 | +137.7% |
| Recurring financial income | 75 | €6 | €14 | +€8 | +137.7% |
| Financial charges | 65/66B | €9,786 | €16,674 | +€6,888 | +70.4% |
| Recurring financial charges | 65 | €9,786 | €16,674 | +€6,888 | +70.4% |
| Profit (loss) for the period before taxes | 9903 | -€13,360 | €24,070 | +€37,430 | |
| Income taxes | 67/77 | €2 | - | -€2 | |
| Profit (loss) for the period | 9904 | -€13,362 | €24,070 | +€37,432 | |
| Profit (loss) for the period to be appropriated | 9905 | -€13,362 | €24,070 | +€37,432 |
Source: filed annual accounts (NBB), fiscal years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 4 October 2026 via checked.be.