BD Liège: 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 Liège
Largest movements
- Tangible fixed assets -€6,778
down €6,778 (-40.8%), from €16,593 to €9,816
of which Furniture and vehicles: -€6,635
- Stocks and contracts +€5,883
up €5,883 (+1.5%), from €397,170 to €403,054
- Trade debts -€38,100
down €38,100 (-31.4%), from €121,482 to €83,382
- Reserves +€22,542
up €22,542 (+32.5%), from €69,367 to €91,909
of which Distributable reserves: +€22,542
- Other debts +€15,356
up €15,356 (+17.4%), from €88,281 to €103,637
- Gross operating margin +€14,750
up €14,750 (+11.5%), from €128,653 to €143,402
- Staff costs +€5,985
up €5,985 (+7.0%), from €84,936 to €90,920
- Taxes +€3,794
up €3,794 (+54.5%), from €6,964 to €10,757
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
Cash or the result is not a separate line in both sets of accounts; the cash flow cannot be derived from them.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €459,562 | €454,716 | -€4,845 | -1.1% |
| Fixed assets | 21/28 | €19,954 | €12,779 | -€7,175 | -36.0% |
| Intangible fixed assets | 21 | €3,101 | €2,203 | -€898 | -28.9% |
| Tangible fixed assets | 22/27 | €16,593 | €9,816 | -€6,778 | -40.8% |
| Furniture and vehicles | 24 | €16,418 | €9,782 | -€6,635 | -40.4% |
| Other tangible fixed assets | 26 | €176 | €34 | -€142 | -80.9% |
| Financial fixed assets | 28 | €260 | €760 | +€500 | +192% |
| Current assets | 29/58 | €439,607 | €441,937 | +€2,330 | +0.5% |
| Stocks and contracts in progress | 3 | €397,170 | €403,054 | +€5,883 | +1.5% |
| Stocks | 30/36 | €397,170 | €403,054 | +€5,883 | +1.5% |
| Amounts receivable within one year | 40/41 | €27,436 | €25,652 | -€1,784 | -6.5% |
| Trade receivables | 40 | €10,777 | €13,109 | +€2,332 | +21.6% |
| Other amounts receivable | 41 | €16,659 | €12,543 | -€4,116 | -24.7% |
| Deferred charges and accrued income | 490/1 | €15,001 | €13,231 | -€1,770 | -11.8% |
| Total equity and liabilities | 10/49 | €459,562 | €454,716 | -€4,845 | -1.1% |
| Equity | 10/15 | €88,267 | €110,809 | +€22,542 | +25.5% |
| Contributions | 10/11 | €18,900 | €18,900 | = | 0.0% |
| Contributions outside capital | 11 | €18,900 | €18,900 | = | 0.0% |
| Other | 1109/19 | €18,900 | €18,900 | = | 0.0% |
| Reserves | 13 | €69,367 | €91,909 | +€22,542 | +32.5% |
| Non-distributable reserves | 130/1 | €1,890 | €1,890 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,890 | €1,890 | = | 0.0% |
| Distributable reserves | 133 | €67,477 | €90,019 | +€22,542 | +33.4% |
| Amounts payable | 17/49 | €371,295 | €343,907 | -€27,388 | -7.4% |
| Amounts payable after more than one year | 17 | €80,883 | €77,713 | -€3,170 | -3.9% |
| Financial debts | 170/4 | €80,883 | €77,713 | -€3,170 | -3.9% |
| Amounts payable within one year | 42/48 | €290,412 | €266,195 | -€24,218 | -8.3% |
| Current portion of amounts payable after more than one year | 42 | €3,022 | €3,170 | +€148 | +4.9% |
| Financial debts | 43 | €45,149 | €45,149 | = | 0.0% |
| Credit institutions | 430/8 | €45,149 | €45,149 | = | 0.0% |
| Trade debts | 44 | €121,482 | €83,382 | -€38,100 | -31.4% |
| Suppliers | 440/4 | €121,482 | €83,382 | -€38,100 | -31.4% |
| Taxes, remuneration and social security | 45 | €32,479 | €30,856 | -€1,622 | -5.0% |
| Taxes | 450/3 | €10,742 | €10,166 | -€577 | -5.4% |
| Remuneration and social security | 454/9 | €21,736 | €20,691 | -€1,046 | -4.8% |
| Other amounts payable | 47/48 | €88,281 | €103,637 | +€15,356 | +17.4% |
| Remuneration, social security and pensions | 62 | €84,936 | €90,920 | +€5,985 | +7.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,563 | €8,278 | -€284 | -3.3% |
| Other operating charges | 640/8 | €1,442 | €515 | -€927 | -64.3% |
| Gross operating margin | 9900 | €128,653 | €143,402 | +€14,750 | +11.5% |
| Operating profit (loss) | 9901 | €33,712 | €43,688 | +€9,977 | +29.6% |
| Financial income | 75/76B | €18 | €0 | -€18 | -99.9% |
| Recurring financial income | 75 | €18 | €0 | -€18 | -99.9% |
| Financial charges | 65/66B | €11,721 | €10,389 | -€1,333 | -11.4% |
| Recurring financial charges | 65 | €11,721 | €10,389 | -€1,333 | -11.4% |
| Profit (loss) for the period before taxes | 9903 | €22,008 | €33,299 | +€11,291 | +51.3% |
| Income taxes | 67/77 | €6,964 | €10,757 | +€3,794 | +54.5% |
| Profit (loss) for the period | 9904 | €15,045 | €22,542 | +€7,498 | +49.8% |
| Profit (loss) for the period to be appropriated | 9905 | €15,045 | €22,542 | +€7,498 | +49.8% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 27 October 2026 via checked.be.