BD GESTION: what changed
What changed
BD GESTION
NACE 70.200, Business and other management consultancy
filed annual accounts (NBB)
Net result for the year
€99,860
2024 · €148,819-€48,960
Equity
€468,448
2024 · €368,589+€99,860
Cash
€26,662
2024 · €24,500+€2,162
Balance sheet total
€1.3m
2024 · €1.2m+€85,039
Largest movements
Assets
- Tangible fixed assets +€171,994
up €171,994 (+44.6%), from €385,846 to €557,839
of which Land and buildings: +€134,816
- Receivables within one year -€90,556
down €90,556 (-97.9%), from €92,534 to €1,978
Equity and liabilities
- Profit (loss) carried forward +€99,860
up €99,860 (+27.3%), from €365,589 to €465,448
- Debts after one year +€60,360
up €60,360 (+13.6%), from €444,430 to €504,790
- Other debts -€49,290
down €49,290 (-17.4%), from €283,095 to €233,806
- Trade debts -€38,625
down €38,625 (-72.2%), from €53,479 to €14,854
- Current portion of long-term debt +€28,827
up €28,827 (+96.8%), from €29,781 to €58,608
Income statement
- Financial income -€35,899
no longer reported in 2025 (was €35,899)
- Depreciation +€11,317
up €11,317 (+138%), from €8,188 to €19,505
- Gross operating margin +€8,090
up €8,090 (+4.5%), from €179,818 to €187,908
- Other operating charges +€6,427
up €6,427 (+415%), from €1,548 to €7,975
- Financial charges +€5,611
up €5,611 (+38.3%), from €14,640 to €20,251
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
€148,819
Gross operating margin
+€8,090
Staff costs
-€726
Depreciation
-€11,317
Other operating charges
-€6,427
Financial income
-€35,899
Financial charges
-€5,611
Taxes
+€2,929
Result 2025
€99,860
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
+€104,473
Investment
-€191,498
Financing
+€89,187
Cash 2024
€24,500
From operations (derived)
+€104,473
Net result for the year
+€99,860
Depreciation
+€19,505
Receivables within one year
+€90,556
Deferred charges and accrued income
-€1,440
Trade debts
-€38,625
Tax, wage and social debts
-€16,093
Other debts
-€49,290
Investment (derived)
-€191,498
Investment in fixed assets (net)
-€191,498
Financing
+€89,187
Debts after one year
+€60,360
Current portion of long-term debt
+€28,827
Cash 2025
€26,662
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,225,114 | €1,310,154 | +€85,039 | +6.9% |
| Fixed assets | 21/28 | €1,107,879 | €1,279,873 | +€171,994 | +15.5% |
| Tangible fixed assets | 22/27 | €385,846 | €557,839 | +€171,994 | +44.6% |
| Land and buildings | 22 | €384,935 | €519,750 | +€134,816 | +35.0% |
| Furniture and vehicles | 24 | €911 | €38,089 | +€37,178 | +4,080% |
| Financial fixed assets | 28 | €722,033 | €722,033 | = | 0.0% |
| Current assets | 29/58 | €117,235 | €30,281 | -€86,954 | -74.2% |
| Amounts receivable within one year | 40/41 | €92,534 | €1,978 | -€90,556 | -97.9% |
| Trade receivables | 40 | €92,534 | €1,978 | -€90,556 | -97.9% |
| Cash at bank and in hand | 54/58 | €24,500 | €26,662 | +€2,162 | +8.8% |
| Deferred charges and accrued income | 490/1 | €201 | €1,641 | +€1,440 | +716% |
| Total equity and liabilities | 10/49 | €1,225,114 | €1,310,154 | +€85,039 | +6.9% |
| Equity | 10/15 | €368,589 | €468,448 | +€99,860 | +27.1% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €365,589 | €465,448 | +€99,860 | +27.3% |
| Amounts payable | 17/49 | €856,526 | €841,705 | -€14,820 | -1.7% |
| Amounts payable after more than one year | 17 | €444,430 | €504,790 | +€60,360 | +13.6% |
| Financial debts | 170/4 | €444,430 | €504,790 | +€60,360 | +13.6% |
| Amounts payable within one year | 42/48 | €412,096 | €336,916 | -€75,181 | -18.2% |
| Current portion of amounts payable after more than one year | 42 | €29,781 | €58,608 | +€28,827 | +96.8% |
| Trade debts | 44 | €53,479 | €14,854 | -€38,625 | -72.2% |
| Suppliers | 440/4 | €53,479 | €14,854 | -€38,625 | -72.2% |
| Taxes, remuneration and social security | 45 | €45,741 | €29,648 | -€16,093 | -35.2% |
| Taxes | 450/3 | €45,741 | €29,648 | -€16,093 | -35.2% |
| Other amounts payable | 47/48 | €283,095 | €233,806 | -€49,290 | -17.4% |
| Remuneration, social security and pensions | 62 | - | €726 | +€726 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,188 | €19,505 | +€11,317 | +138% |
| Other operating charges | 640/8 | €1,548 | €7,975 | +€6,427 | +415% |
| Gross operating margin | 9900 | €179,818 | €187,908 | +€8,090 | +4.5% |
| Operating profit (loss) | 9901 | €170,083 | €159,703 | -€10,379 | -6.1% |
| Financial income | 75/76B | €35,899 | - | -€35,899 | |
| Recurring financial income | 75 | €35,899 | - | -€35,899 | |
| Financial charges | 65/66B | €14,640 | €20,251 | +€5,611 | +38.3% |
| Recurring financial charges | 65 | €14,640 | €20,251 | +€5,611 | +38.3% |
| Profit (loss) for the period before taxes | 9903 | €191,341 | €139,452 | -€51,889 | -27.1% |
| Income taxes | 67/77 | €42,522 | €39,593 | -€2,929 | -6.9% |
| Profit (loss) for the period | 9904 | €148,819 | €99,860 | -€48,960 | -32.9% |
| Transfer from tax-exempt reserves | 789 | €42,100 | - | -€42,100 | |
| Profit (loss) for the period to be appropriated | 9905 | €190,919 | €99,860 | -€91,060 | -47.7% |
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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 5 November 2026 via checked.be.