BD CONSULT: 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 CONSULT
Largest movements
- Receivables within one year +€32,506
up €32,506 (+197%), from €16,475 to €48,980
of which Trade receivables: +€32,189
- Tangible fixed assets +€9,437
up €9,437 (+2.6%), from €365,975 to €375,412
of which Assets under construction and advance payments: +€35,988
- Profit (loss) carried forward +€34,448
up €34,448 (+39.5%), from €87,294 to €121,742
- Other debts +€28,448
up €28,448 (+48,997%), from €58 to €28,506
- Debts after one year -€19,125
down €19,125 (-7.9%), from €240,925 to €221,799
- Current portion of long-term debt -€7,976
down €7,976 (-29.3%), from €27,260 to €19,284
- Gross operating margin +€45,685
up €45,685 (+128%), from €35,570 to €81,255
- Taxes +€6,897
up €6,897 (+4,556%), from €151 to €7,049
- Other operating charges -€1,029
down €1,029 (-42.9%), from €2,397 to €1,368
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 | €393,633 | €431,320 | +€37,687 | +9.6% |
| Fixed assets | 21/28 | €370,496 | €378,733 | +€8,237 | +2.2% |
| Intangible fixed assets | 21 | €4,521 | €3,321 | -€1,200 | -26.5% |
| Tangible fixed assets | 22/27 | €365,975 | €375,412 | +€9,437 | +2.6% |
| Land and buildings | 22 | €302,936 | €286,990 | -€15,946 | -5.3% |
| Plant, machinery and equipment | 23 | €18,751 | €14,138 | -€4,613 | -24.6% |
| Furniture and vehicles | 24 | €38,401 | €32,410 | -€5,991 | -15.6% |
| Assets under construction and advance payments | 27 | €5,887 | €41,874 | +€35,988 | +611% |
| Current assets | 29/58 | €23,138 | €52,588 | +€29,450 | +127% |
| Stocks and contracts in progress | 3 | €577 | €353 | -€224 | -38.8% |
| Stocks | 30/36 | €577 | €353 | -€224 | -38.8% |
| Amounts receivable within one year | 40/41 | €16,475 | €48,980 | +€32,506 | +197% |
| Trade receivables | 40 | €16,229 | €48,418 | +€32,189 | +198% |
| Other amounts receivable | 41 | €245 | €562 | +€317 | +129% |
| Cash at bank and in hand | 54/58 | €3,468 | €54 | -€3,414 | -98.4% |
| Deferred charges and accrued income | 490/1 | €2,619 | €3,200 | +€582 | +22.2% |
| Total equity and liabilities | 10/49 | €393,633 | €431,320 | +€37,687 | +9.6% |
| Equity | 10/15 | €95,354 | €129,802 | +€34,448 | +36.1% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €87,294 | €121,742 | +€34,448 | +39.5% |
| Amounts payable | 17/49 | €298,279 | €301,518 | +€3,239 | +1.1% |
| Amounts payable after more than one year | 17 | €240,925 | €221,799 | -€19,125 | -7.9% |
| Financial debts | 170/4 | €240,925 | €221,799 | -€19,125 | -7.9% |
| Amounts payable within one year | 42/48 | €56,574 | €79,719 | +€23,145 | +40.9% |
| Current portion of amounts payable after more than one year | 42 | €27,260 | €19,284 | -€7,976 | -29.3% |
| Trade debts | 44 | €13,004 | €15,021 | +€2,017 | +15.5% |
| Suppliers | 440/4 | €13,004 | €15,021 | +€2,017 | +15.5% |
| Taxes, remuneration and social security | 45 | €16,252 | €16,909 | +€657 | +4.0% |
| Taxes | 450/3 | €13,752 | €16,909 | +€3,157 | +23.0% |
| Remuneration and social security | 454/9 | €2,500 | - | -€2,500 | |
| Other amounts payable | 47/48 | €58 | €28,506 | +€28,448 | +48,997% |
| Accrued charges and deferred income | 492/3 | €780 | - | -€780 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €33,994 | €33,369 | -€625 | -1.8% |
| Other operating charges | 640/8 | €2,397 | €1,368 | -€1,029 | -42.9% |
| Gross operating margin | 9900 | €35,570 | €81,255 | +€45,685 | +128% |
| Operating profit (loss) | 9901 | -€822 | €46,517 | +€47,338 | |
| Financial income | 75/76B | €17 | €1 | -€16 | -96.6% |
| Recurring financial income | 75 | €17 | €1 | -€16 | -96.6% |
| Financial charges | 65/66B | €4,989 | €5,021 | +€31 | +0.6% |
| Recurring financial charges | 65 | €4,989 | €5,021 | +€31 | +0.6% |
| Profit (loss) for the period before taxes | 9903 | -€5,794 | €41,497 | +€47,291 | |
| Income taxes | 67/77 | €151 | €7,049 | +€6,897 | +4,556% |
| Profit (loss) for the period | 9904 | -€5,946 | €34,448 | +€40,394 | |
| Profit (loss) for the period to be appropriated | 9905 | -€5,946 | €34,448 | +€40,394 |
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 14 October 2026 via checked.be.