BD Construct: 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.
BD Construct
Largest movements
- Receivables within one year +€32,418
up €32,418 (+237.3%), from €13,664 to €46,082
of which Trade receivables: +€36,437
- Tangible fixed assets -€26,076
down €26,076 (-25.3%), from €103,010 to €76,934
of which Furniture and vehicles: -€17,809
- Receivables after one year +€7,170
up €7,170 (+19.2%), from €37,259 to €44,429
- Cash -€2,805
down €2,805 (-61.3%), from €4,578 to €1,773
mainly Receivables within one year (-€32,418) and Debts after one year (-€13,897)
- Profit (loss) carried forward +€18,596
no longer reported in 2025 (was -€18,596)
- Debts after one year -€13,897
down €13,897 (-22.6%), from €61,477 to €47,580
- Reserves +€7,214
up €7,214 (+14.2%), from €50,765 to €57,979
- Current portion of long-term debt -€3,248
down €3,248 (-18.9%), from €17,143 to €13,895
- Gross operating margin +€93,118
up €93,118 (+107.7%), from €86,464 to €179,582
- Staff costs +€43,979
up €43,979 (+57.7%), from €76,203 to €120,182
- Taxes +€3,181
up €3,181, from -€1,644 to €1,537
- Depreciation +€2,404
up €2,404 (+8.9%), from €26,909 to €29,313
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 | €162,621 | €171,866 | +€9,245 | +5.7% |
| Fixed assets | 21/28 | €104,217 | €78,140 | -€26,076 | -25.0% |
| Tangible fixed assets | 22/27 | €103,010 | €76,934 | -€26,076 | -25.3% |
| Plant, machinery and equipment | 23 | €77,079 | €68,812 | -€8,267 | -10.7% |
| Furniture and vehicles | 24 | €25,931 | €8,121 | -€17,809 | -68.7% |
| Financial fixed assets | 28 | €1,207 | €1,207 | = | 0.0% |
| Current assets | 29/58 | €58,404 | €93,725 | +€35,322 | +60.5% |
| Amounts receivable after more than one year | 29 | €37,259 | €44,429 | +€7,170 | +19.2% |
| Other amounts receivable | 291 | €37,259 | €44,429 | +€7,170 | +19.2% |
| Amounts receivable within one year | 40/41 | €13,664 | €46,082 | +€32,418 | +237.3% |
| Trade receivables | 40 | €7,969 | €44,406 | +€36,437 | +457.2% |
| Other amounts receivable | 41 | €5,695 | €1,676 | -€4,019 | -70.6% |
| Cash at bank and in hand | 54/58 | €4,578 | €1,773 | -€2,805 | -61.3% |
| Deferred charges and accrued income | 490/1 | €2,904 | €1,442 | -€1,462 | -50.3% |
| Total equity and liabilities | 10/49 | €162,621 | €171,866 | +€9,245 | +5.7% |
| Equity | 10/15 | €34,169 | €59,979 | +€25,810 | +75.5% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Reserves | 13 | €50,765 | €57,979 | +€7,214 | +14.2% |
| Distributable reserves | 133 | €50,765 | €57,979 | +€7,214 | +14.2% |
| Profit (loss) carried forward | 14 | -€18,596 | - | +€18,596 | |
| Amounts payable | 17/49 | €128,451 | €111,887 | -€16,565 | -12.9% |
| Amounts payable after more than one year | 17 | €61,477 | €47,580 | -€13,897 | -22.6% |
| Financial debts | 170/4 | €61,477 | €47,580 | -€13,897 | -22.6% |
| Amounts payable within one year | 42/48 | €65,165 | €63,907 | -€1,258 | -1.9% |
| Current portion of amounts payable after more than one year | 42 | €17,143 | €13,895 | -€3,248 | -18.9% |
| Trade debts | 44 | €30,416 | €31,029 | +€613 | +2.0% |
| Suppliers | 440/4 | €30,416 | €31,029 | +€613 | +2.0% |
| Taxes, remuneration and social security | 45 | €17,605 | €18,982 | +€1,378 | +7.8% |
| Taxes | 450/3 | €16,808 | €2,452 | -€14,356 | -85.4% |
| Remuneration and social security | 454/9 | €797 | €16,530 | +€15,733 | +1973.8% |
| Other amounts payable | 47/48 | €0 | €0 | -€0 | -22.6% |
| Accrued charges and deferred income | 492/3 | €1,809 | €400 | -€1,410 | -77.9% |
| Remuneration, social security and pensions | 62 | €76,203 | €120,182 | +€43,979 | +57.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €26,909 | €29,313 | +€2,404 | +8.9% |
| Other operating charges | 640/8 | €804 | €694 | -€109 | -13.6% |
| Gross operating margin | 9900 | €86,464 | €179,582 | +€93,118 | +107.7% |
| Operating profit (loss) | 9901 | -€17,451 | €29,393 | +€46,845 | |
| Financial income | 75/76B | €559 | €1,291 | +€732 | +130.9% |
| Recurring financial income | 75 | €559 | €1,291 | +€732 | +130.9% |
| Financial charges | 65/66B | €3,352 | €3,337 | -€15 | -0.5% |
| Recurring financial charges | 65 | €3,352 | €3,337 | -€15 | -0.5% |
| Profit (loss) for the period before taxes | 9903 | -€20,245 | €27,347 | +€47,591 | |
| Income taxes | 67/77 | -€1,644 | €1,537 | +€3,181 | |
| Profit (loss) for the period | 9904 | -€18,601 | €25,810 | +€44,411 | |
| Profit (loss) for the period to be appropriated | 9905 | -€18,601 | €25,810 | +€44,411 |
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 11 October 2026 via checked.be.