BD MANAGEMENT: 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 MANAGEMENT
Largest movements
- Cash +€30,183
up €30,183 (+29.6%), from €101,806 to €131,989
mainly Net result for the year (+€89,490) and Other debts (+€16,143)
- Tangible fixed assets -€5,749
down €5,749 (-12.6%), from €45,622 to €39,873
of which Furniture and vehicles: -€9,017
- Receivables within one year -€3,698
down €3,698 (-17.2%), from €21,464 to €17,766
of which Trade receivables: -€2,698
- Profit (loss) carried forward -€25,235
down €25,235 (-100%), from €25,235 to €0
- Reserves +€19,424
up €19,424 (+1,044%), from €1,860 to €21,284
- Other debts +€16,143
up €16,143 (+16.2%), from €99,631 to €115,774
- Tax, wage and social debts +€11,516
up €11,516 (+46.1%), from €24,956 to €36,472
of which Taxes: +€10,516
- Gross operating margin +€8,982
up €8,982 (+7.3%), from €122,891 to €131,873
- Taxes -€3,265
down €3,265 (-11.9%), from €27,351 to €24,087
- Depreciation +€1,883
up €1,883 (+15.0%), from €12,568 to €14,452
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 | €171,148 | €192,527 | +€21,380 | +12.5% |
| Fixed assets | 21/28 | €45,622 | €39,873 | -€5,749 | -12.6% |
| Intangible fixed assets | 21 | €0 | €0 | = | |
| Tangible fixed assets | 22/27 | €45,622 | €39,873 | -€5,749 | -12.6% |
| Plant, machinery and equipment | 23 | €7,801 | €11,069 | +€3,268 | +41.9% |
| Furniture and vehicles | 24 | €37,821 | €28,805 | -€9,017 | -23.8% |
| Current assets | 29/58 | €125,526 | €152,654 | +€27,129 | +21.6% |
| Amounts receivable within one year | 40/41 | €21,464 | €17,766 | -€3,698 | -17.2% |
| Trade receivables | 40 | €20,464 | €17,766 | -€2,698 | -13.2% |
| Other amounts receivable | 41 | €1,000 | €0 | -€1,000 | -100% |
| Cash at bank and in hand | 54/58 | €101,806 | €131,989 | +€30,183 | +29.6% |
| Deferred charges and accrued income | 490/1 | €2,256 | €2,899 | +€643 | +28.5% |
| Total equity and liabilities | 10/49 | €171,148 | €192,527 | +€21,380 | +12.5% |
| Equity | 10/15 | €45,695 | €39,884 | -€5,810 | -12.7% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €21,284 | +€19,424 | +1,044% |
| Distributable reserves | 133 | €1,860 | €21,284 | +€19,424 | +1,044% |
| Profit (loss) carried forward | 14 | €25,235 | €0 | -€25,235 | -100% |
| Amounts payable | 17/49 | €125,453 | €152,643 | +€27,190 | +21.7% |
| Amounts payable within one year | 42/48 | €125,453 | €152,643 | +€27,190 | +21.7% |
| Trade debts | 44 | €866 | €396 | -€469 | -54.2% |
| Suppliers | 440/4 | €866 | €396 | -€469 | -54.2% |
| Taxes, remuneration and social security | 45 | €24,956 | €36,472 | +€11,516 | +46.1% |
| Taxes | 450/3 | €24,956 | €35,472 | +€10,516 | +42.1% |
| Remuneration and social security | 454/9 | €0 | €1,000 | +€1,000 | |
| Other amounts payable | 47/48 | €99,631 | €115,774 | +€16,143 | +16.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,568 | €14,452 | +€1,883 | +15.0% |
| Other operating charges | 640/8 | €1,118 | €1,160 | +€42 | +3.8% |
| Gross operating margin | 9900 | €122,891 | €131,873 | +€8,982 | +7.3% |
| Operating profit (loss) | 9901 | €109,205 | €116,262 | +€7,056 | +6.5% |
| Financial income | 75/76B | - | €0 | +€0 | |
| Recurring financial income | 75 | - | €0 | +€0 | |
| Financial charges | 65/66B | €2,919 | €2,685 | -€234 | -8.0% |
| Recurring financial charges | 65 | €2,919 | €2,685 | -€234 | -8.0% |
| Profit (loss) for the period before taxes | 9903 | €106,286 | €113,577 | +€7,290 | +6.9% |
| Income taxes | 67/77 | €27,351 | €24,087 | -€3,265 | -11.9% |
| Profit (loss) for the period | 9904 | €78,935 | €89,490 | +€10,555 | +13.4% |
| Profit (loss) for the period to be appropriated | 9905 | €78,935 | €89,490 | +€10,555 | +13.4% |
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.