BD&M: 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&M
Largest movements
- Cash -€96,004
down €96,004 (-99.7%), from €96,249 to €245
mainly Net result for the year (-€99,133) and Other debts (-€69,493)
- Receivables within one year -€46,444
down €46,444 (-68.9%), from €67,387 to €20,943
of which Trade receivables: -€44,218
- Receivables after one year -€16,000
down €16,000 (-3.1%), from €510,561 to €494,561
- Profit (loss) carried forward -€99,133
down €99,133 (-250.1%), from -€39,638 to -€138,771
- Other debts -€69,493
down €69,493 (-11.9%), from €585,229 to €515,736
- Short-term financial debts +€31,091
up €31,091 (+5.2%), from €599,744 to €630,835
- Trade debts -€21,419
down €21,419 (-24.2%), from €88,526 to €67,107
- Gross operating margin -€81,795
down €81,795, from €36,702 to -€45,094
- Financial income -€4,249
down €4,249 (-96.5%), from €4,404 to €154
- Financial charges -€4,124
down €4,124 (-10.0%), from €41,256 to €37,132
- Depreciation +€849
up €849 (+7.1%), from €11,898 to €12,747
- Other operating charges -€484
down €484 (-10.9%), from €4,448 to €3,964
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,304,801 | €1,135,545 | -€169,256 | -13.0% |
| Fixed assets | 21/28 | €23,756 | €12,992 | -€10,764 | -45.3% |
| Tangible fixed assets | 22/27 | €23,156 | €12,392 | -€10,764 | -46.5% |
| Plant, machinery and equipment | 23 | €1,500 | €500 | -€1,000 | -66.7% |
| Furniture and vehicles | 24 | €16,462 | €10,295 | -€6,167 | -37.5% |
| Other tangible fixed assets | 26 | €5,194 | €1,597 | -€3,597 | -69.2% |
| Financial fixed assets | 28 | €600 | €600 | = | 0.0% |
| Current assets | 29/58 | €1,281,045 | €1,122,553 | -€158,491 | -12.4% |
| Amounts receivable after more than one year | 29 | €510,561 | €494,561 | -€16,000 | -3.1% |
| Trade receivables | 290 | €510,561 | €494,561 | -€16,000 | -3.1% |
| Stocks and contracts in progress | 3 | €606,246 | €606,246 | = | 0.0% |
| Stocks | 30/36 | €606,246 | €606,246 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €67,387 | €20,943 | -€46,444 | -68.9% |
| Trade receivables | 40 | €65,161 | €20,943 | -€44,218 | -67.9% |
| Other amounts receivable | 41 | €2,226 | - | -€2,226 | |
| Cash at bank and in hand | 54/58 | €96,249 | €245 | -€96,004 | -99.7% |
| Deferred charges and accrued income | 490/1 | €601 | €558 | -€43 | -7.2% |
| Total equity and liabilities | 10/49 | €1,304,801 | €1,135,545 | -€169,256 | -13.0% |
| Equity | 10/15 | €7,513 | -€91,620 | -€99,133 | |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €28,551 | €28,551 | = | 0.0% |
| Distributable reserves | 133 | €28,551 | €28,551 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€39,638 | -€138,771 | -€99,133 | -250.1% |
| Amounts payable | 17/49 | €1,297,289 | €1,227,166 | -€70,123 | -5.4% |
| Amounts payable after more than one year | 17 | €2,529 | - | -€2,529 | |
| Financial debts | 170/4 | €2,529 | - | -€2,529 | |
| Amounts payable within one year | 42/48 | €1,291,423 | €1,223,167 | -€68,256 | -5.3% |
| Current portion of amounts payable after more than one year | 42 | €10,029 | €2,529 | -€7,500 | -74.8% |
| Financial debts | 43 | €599,744 | €630,835 | +€31,091 | +5.2% |
| Credit institutions | 430/8 | €599,744 | €630,835 | +€31,091 | +5.2% |
| Trade debts | 44 | €88,526 | €67,107 | -€21,419 | -24.2% |
| Suppliers | 440/4 | €88,526 | €67,107 | -€21,419 | -24.2% |
| Taxes, remuneration and social security | 45 | €7,895 | €6,959 | -€935 | -11.8% |
| Taxes | 450/3 | €7,895 | €6,959 | -€935 | -11.8% |
| Other amounts payable | 47/48 | €585,229 | €515,736 | -€69,493 | -11.9% |
| Accrued charges and deferred income | 492/3 | €3,337 | €3,999 | +€662 | +19.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,898 | €12,747 | +€849 | +7.1% |
| Other operating charges | 640/8 | €4,448 | €3,964 | -€484 | -10.9% |
| Gross operating margin | 9900 | €36,702 | -€45,094 | -€81,795 | |
| Operating profit (loss) | 9901 | €20,355 | -€61,805 | -€82,161 | |
| Financial income | 75/76B | €4,404 | €154 | -€4,249 | -96.5% |
| Recurring financial income | 75 | €4,404 | €154 | -€4,249 | -96.5% |
| Financial charges | 65/66B | €41,256 | €37,132 | -€4,124 | -10.0% |
| Recurring financial charges | 65 | €41,256 | €37,132 | -€4,124 | -10.0% |
| Profit (loss) for the period before taxes | 9903 | -€16,497 | -€98,783 | -€82,286 | -498.8% |
| Income taxes | 67/77 | - | €350 | +€350 | |
| Profit (loss) for the period | 9904 | -€16,497 | -€99,133 | -€82,636 | -500.9% |
| Profit (loss) for the period to be appropriated | 9905 | -€16,497 | -€99,133 | -€82,636 | -500.9% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 11 October 2026 via checked.be.