BD Investium: 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 Investium
Largest movements
- Tangible fixed assets -€28,891
down €28,891 (-3.1%), from €927,909 to €899,018
of which Furniture and vehicles: -€17,174
- Profit (loss) carried forward -€40,423
down €40,423 (-35.5%), from -€113,908 to -€154,330
- Debts after one year -€29,425
down €29,425 (-3.7%), from €785,424 to €755,999
- Accrued charges and deferred income +€20,734
up €20,734 (+94.8%), from €21,871 to €42,605
- Other debts +€16,636
up €16,636 (+11.8%), from €141,109 to €157,745
- Gross operating margin -€22,964
down €22,964 (-55.1%), from €41,680 to €18,716
- Taxes -€1,187
down €1,187 (-54.3%), from €2,187 to €1,000
- Financial charges +€457
up €457 (+1.8%), from €26,072 to €26,530
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 | €956,366 | €923,275 | -€33,091 | -3.5% |
| Fixed assets | 21/28 | €929,459 | €900,568 | -€28,891 | -3.1% |
| Tangible fixed assets | 22/27 | €927,909 | €899,018 | -€28,891 | -3.1% |
| Land and buildings | 22 | €744,606 | €738,036 | -€6,570 | -0.9% |
| Plant, machinery and equipment | 23 | €85,262 | €80,115 | -€5,147 | -6.0% |
| Furniture and vehicles | 24 | €98,041 | €80,867 | -€17,174 | -17.5% |
| Financial fixed assets | 28 | €1,550 | €1,550 | = | 0.0% |
| Current assets | 29/58 | €26,907 | €22,707 | -€4,200 | -15.6% |
| Amounts receivable after more than one year | 29 | €19,000 | €16,000 | -€3,000 | -15.8% |
| Trade receivables | 290 | €19,000 | €16,000 | -€3,000 | -15.8% |
| Amounts receivable within one year | 40/41 | €5,357 | €3,550 | -€1,807 | -33.7% |
| Trade receivables | 40 | €5,357 | €3,550 | -€1,807 | -33.7% |
| Cash at bank and in hand | 54/58 | €2,422 | €2,390 | -€32 | -1.3% |
| Deferred charges and accrued income | 490/1 | €128 | €767 | +€639 | +501% |
| Total equity and liabilities | 10/49 | €956,366 | €923,275 | -€33,091 | -3.5% |
| Equity | 10/15 | -€23,908 | -€64,330 | -€40,423 | -169% |
| Contributions | 10/11 | €90,000 | €90,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€113,908 | -€154,330 | -€40,423 | -35.5% |
| Amounts payable | 17/49 | €980,274 | €987,606 | +€7,332 | +0.7% |
| Amounts payable after more than one year | 17 | €785,424 | €755,999 | -€29,425 | -3.7% |
| Financial debts | 170/4 | €785,424 | €755,999 | -€29,425 | -3.7% |
| Amounts payable within one year | 42/48 | €172,980 | €189,002 | +€16,022 | +9.3% |
| Current portion of amounts payable after more than one year | 42 | €30,082 | €30,665 | +€583 | +1.9% |
| Trade debts | 44 | €1,037 | €374 | -€662 | -63.9% |
| Suppliers | 440/4 | €1,037 | €374 | -€662 | -63.9% |
| Taxes, remuneration and social security | 45 | €751 | €217 | -€534 | -71.1% |
| Taxes | 450/3 | €751 | €217 | -€534 | -71.1% |
| Other amounts payable | 47/48 | €141,109 | €157,745 | +€16,636 | +11.8% |
| Accrued charges and deferred income | 492/3 | €21,871 | €42,605 | +€20,734 | +94.8% |
| Non-recurring operating income | 76A | €25,000 | - | -€25,000 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €28,795 | €28,891 | +€97 | +0.3% |
| Other operating charges | 640/8 | €4,300 | €4,081 | -€219 | -5.1% |
| Gross operating margin | 9900 | €41,680 | €18,716 | -€22,964 | -55.1% |
| Operating profit (loss) | 9901 | €8,586 | -€14,257 | -€22,842 | |
| Financial income | 75/76B | €981 | €1,364 | +€383 | +39.0% |
| Recurring financial income | 75 | €981 | €1,364 | +€383 | +39.0% |
| Financial charges | 65/66B | €26,072 | €26,530 | +€457 | +1.8% |
| Recurring financial charges | 65 | €26,072 | €26,530 | +€457 | +1.8% |
| Profit (loss) for the period before taxes | 9903 | -€16,506 | -€39,422 | -€22,916 | -139% |
| Income taxes | 67/77 | €2,187 | €1,000 | -€1,187 | -54.3% |
| Profit (loss) for the period | 9904 | -€18,693 | -€40,423 | -€21,730 | -116% |
| Profit (loss) for the period to be appropriated | 9905 | -€18,693 | -€40,423 | -€21,730 | -116% |
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 26 October 2026 via checked.be.