BD PRO: what changed
Two fiscal 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 PRO
Largest movements
- Receivables within one year +€43,356
up €43,356 (+108.9%), from €39,818 to €83,174
of which Trade receivables: +€34,772
- Tangible fixed assets +€42,011
up €42,011 (+69.2%), from €60,711 to €102,722
of which Plant, machinery and equipment: +€59,247
- Cash -€32,959
down €32,959 (-46.2%), from €71,373 to €38,413
mainly Investment in fixed assets (net) (-€73,016) and Receivables within one year (-€43,356)
- Stocks and contracts -€6,608
down €6,608 (-30.4%), from €21,759 to €15,150
- Trade debts +€37,705
up €37,705 (+3381.5%), from €1,115 to €38,820
- Other debts -€18,359
down €18,359 (-69.5%), from €26,401 to €8,042
- Debts after one year +€14,525
up €14,525 (+19.4%), from €75,000 to €89,525
of which Financial debts: +€14,525
- Reserves +€10,000
up €10,000 (+12.4%), from €80,500 to €90,500
- Current portion of long-term debt +€4,710
new in 2025: €4,710
- Depreciation +€17,528
up €17,528 (+134.8%), from €13,003 to €30,530
- Taxes -€4,332
down €4,332 (-50.9%), from €8,512 to €4,180
- Gross operating margin +€3,635
up €3,635 (+7.4%), from €49,447 to €53,082
- Financial charges +€1,509
up €1,509 (+35.6%), from €4,236 to €5,746
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.
Cash bridge derived
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 | €196,004 | €242,153 | +€46,149 | +23.5% |
| Fixed assets | 21/28 | €60,711 | €103,197 | +€42,486 | +70.0% |
| Tangible fixed assets | 22/27 | €60,711 | €102,722 | +€42,011 | +69.2% |
| Plant, machinery and equipment | 23 | €605 | €59,852 | +€59,247 | +9796.7% |
| Furniture and vehicles | 24 | €60,106 | €42,870 | -€17,236 | -28.7% |
| Financial fixed assets | 28 | - | €475 | +€475 | |
| Current assets | 29/58 | €135,293 | €138,955 | +€3,662 | +2.7% |
| Stocks and contracts in progress | 3 | €21,759 | €15,150 | -€6,608 | -30.4% |
| Stocks | 30/36 | €21,759 | €15,150 | -€6,608 | -30.4% |
| Amounts receivable within one year | 40/41 | €39,818 | €83,174 | +€43,356 | +108.9% |
| Trade receivables | 40 | €30,887 | €65,659 | +€34,772 | +112.6% |
| Other amounts receivable | 41 | €8,931 | €17,515 | +€8,583 | +96.1% |
| Cash at bank and in hand | 54/58 | €71,373 | €38,413 | -€32,959 | -46.2% |
| Deferred charges and accrued income | 490/1 | €2,344 | €2,218 | -€125 | -5.3% |
| Total equity and liabilities | 10/49 | €196,004 | €242,153 | +€46,149 | +23.5% |
| Equity | 10/15 | €89,466 | €99,462 | +€9,997 | +11.2% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €80,500 | €90,500 | +€10,000 | +12.4% |
| Distributable reserves | 133 | €80,500 | €90,500 | +€10,000 | +12.4% |
| Profit (loss) carried forward | 14 | €3,966 | €3,962 | -€3 | -0.1% |
| Amounts payable | 17/49 | €106,539 | €142,690 | +€36,152 | +33.9% |
| Amounts payable after more than one year | 17 | €75,000 | €89,525 | +€14,525 | +19.4% |
| Financial debts | 170/4 | - | €14,525 | +€14,525 | |
| Other amounts payable | 178/9 | €75,000 | €75,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €31,539 | €53,165 | +€21,627 | +68.6% |
| Current portion of amounts payable after more than one year | 42 | - | €4,710 | +€4,710 | |
| Trade debts | 44 | €1,115 | €38,820 | +€37,705 | +3381.5% |
| Suppliers | 440/4 | €1,115 | €38,820 | +€37,705 | +3381.5% |
| Taxes, remuneration and social security | 45 | €4,023 | €1,593 | -€2,430 | -60.4% |
| Taxes | 450/3 | €4,023 | €1,593 | -€2,430 | -60.4% |
| Other amounts payable | 47/48 | €26,401 | €8,042 | -€18,359 | -69.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,003 | €30,530 | +€17,528 | +134.8% |
| Other operating charges | 640/8 | €1,290 | €852 | -€438 | -33.9% |
| Non-recurring operating charges | 66A | - | €2,178 | +€2,178 | |
| Gross operating margin | 9900 | €49,447 | €53,082 | +€3,635 | +7.4% |
| Operating profit (loss) | 9901 | €35,154 | €19,521 | -€15,633 | -44.5% |
| Financial income | 75/76B | €46 | €401 | +€355 | +765.7% |
| Recurring financial income | 75 | €46 | €401 | +€355 | +765.7% |
| Financial charges | 65/66B | €4,236 | €5,746 | +€1,509 | +35.6% |
| Recurring financial charges | 65 | €4,236 | €5,746 | +€1,509 | +35.6% |
| Profit (loss) for the period before taxes | 9903 | €30,964 | €14,177 | -€16,787 | -54.2% |
| Income taxes | 67/77 | €8,512 | €4,180 | -€4,332 | -50.9% |
| Profit (loss) for the period | 9904 | €22,452 | €9,997 | -€12,455 | -55.5% |
| Profit (loss) for the period to be appropriated | 9905 | €22,452 | €9,997 | -€12,455 | -55.5% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.